incorporation of maltese companies
Incorporation of a Maltese company usually takes between 2 to 3 working days, once all the necessary documents are presented to the MFSA (Malta Financial Services Authority). This is achieved provided that all requested documentation is received.
The minimum standards are as follows:
- Authorised share capital requested is €1,200 or its equivalent in any major currency (such as GBP and USD).
- Two shareholders (however a ‘single member company’ may also be registered)
- Registered companies must have a registered office situated in the Maltese Islands.
- A registered company can be a private limited company or a public limited company. In the case of private limited companies, there must be at least one director, whilst for public limited companies; there must be at least two directors.
- A registered company must appoint a company secretary.
- A registered company hold an annual general meeting.
- A registered company must keep proper accounting records
- A registered company must have their accounting records audited at the end of each financial year.
- The personal details of a Maltese company’s registered shareholders are public information
ConsultPlus’ policy is to provide an estimate of costs before incorporating a company as the costs involved depend on:
- the share capital
- the work involved in setting up the company
- the level of legal assistance required
One must note that registration fees payable to Malta Financial Services Authority are calculated according to the company authorised share capital. However one can note that the minimum charge is €245 on an authorised share capital of €1,500 increasing up to a maximum of €2,250.
Also the annual company fee is based and computed on the amount of authorised share capital. One can also note that the minimum fee will be €100 but can increase up to a maximum of €1,400.
Once the incorporation of the company is complete, ConsultPlus can provide a full range of financial, technological and advisory services. Refer to the other services in this section to learn more on what we can offer.