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Malta

Malta is an island country in Mediterranean Sea, which has a rich history and the best climate in the world. Country is officially named as the Republic of Malta. It has a population close to 416,000 of people and has a territory of around 122 square miles. There are two official languages: English and Maltese. Maltese became an official language just in 1934. Most correspondence, banking documents are in English.

From 2008 the only one official and legal currency of Malta is euro.

Most financial and administrative legislation is based on British law. Banks open from Monday’s afternoon till midday of Saturday, some of them have long working hours.

Malta is one of the most reputable and premier jurisdictions. Incorporation of a company usually takes a few days for European citizens. Local companies are required to pay 35% of corporate tax, but it is possible for companies to get up to 100% tax rebate. The country has a double taxation agreement with around 70 countries. Most of the Maltese companies are incorporated as private limited companies although there are available different company forms. Another types of business entities are general partnership and limited partnership, which can have the capital divided into shares. Also there are such structures as trusts, foundations, joint ventures and sole proprietorship. Foreign company doing business in Malta should register its branch or place of business under the Companies Act and referred to as an oversea company.

Quick Overview

Location of JurisdictionRepublic of Malta
Official LanguageEnglish, Maltese
Type of Offshore CompanyInternational Business Company
Type of LawEnglish Common Law plus local Ordinances
Language of DocumentsEnglish, Maltese
Minimum Number of DirectorsOne
Residence Required of DirectorsNo
Minimum Number of ShareholdersTwo
Minimum Number of SharesOne
Minimum Paid Up Share Capital250 Euro
Recommended Share Capital1250 Euro
Permitted CurrenciesAny

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