About that Country :
The Republic of Malta is a Southern European island country in the Mediterranean Sea.
Since joining the European Union, Malta has had to adapt from their traditional Off-shore company formation to what is now known as a non-resident company. The most popular of these being the Private Limited Liability Company (LLC).
With Malta’s very flexible tax system it has maintained much of the previous foreign financial businesses which were formed as traditional off-shore companies.
Malta is a reputable jurisdiction in a fantastic location and with an international, highly rated banking system and rebates and credits, which are achieved through their tax imputation system, companies which are structured correctly can manage to pay lower corporate taxes.
Malta offers the option of a private exempt LLC, which allows for single member ownership. There are also a number of differences between a private a public liability company, such as the fact that the Malta Private LLC has restrictions on the rights to transfer shares, off the public any of its debentures or shares, as well as a limit on the number of employees which it may have, which is currently, only under 50.
Why from an IBC In St. Vincent :
Malta Private LLC Registration Requirements :
A few of the requirements to form a LLC in Malta are the following: – Confirmation of the acceptance of the proposed company name, a registered office address. The names and address for each Shareholder and Director, as well as certified copies of valid passports or national ID cards, such as those issued in the European Union. These need to be certified by either a Notary Public, Bank or by the issuing country’s Embassy, each of the above also require a bank reference.
These are all submitted to the Companies Register.
Government Fees and Taxation :
Government Fees :
Minimum Government Formation Charge
€245 EUR to €2,250
Recurring Minimum Annual Company License Fee
Annual Return Filing Fee
€100 – €1400 Dependant on authorised capital
Corporate Tax :
Access to Double Taxation Treaties
Yes - 70
Maltese companies may be registered for VAT purposes. The Value Added Tax rate of 18% is applicable to companies who are trading within the EU. The VAT prefix is ‘MT’
Please the Taxation section for further information regarding Corporate Tax in Malta.
Malta’s Tax System is not straightforward but offers many benefits such as no inheritance, wealth or annual property tax, as well as no tax on dividends or interest. Corporate income tax is at the rate of 35%.
With Malta’s tax system, it is comprehensible to establish a very tax efficient structure. Malta’s many double taxation agreements are also very favourable.
It is advisable to consult with an International or Maltese Tax Consultant or Accountant to see if the Malta LLC is suitable for your business needs.