Offshore company in Malta

Forming a company in Malta

Malta is an archipelago of islands located in the Mediterranean sea. Coveted for years thanks to its location, only 2 hours from Paris, Malta is an attractive tax destination. Member State of the European Union since 2004, Malta offers many financial benefits to offshore companies as well as a trademark and serious image for companies.

Malta is particularly well-known for the ease of obtaining an online gaming license

Not considered a tax haven, Malta imposes a corporate tax rate of 35%, however it can be lowered to 5% by a tax refund system obtained within 6 months.

Holding companies are the most attractive companies as they are not taxable.

What to remember…

Malta may be used for many business activities. This destination often meets the need for a European company with an Intra-Community VAT number or more specifically online gaming licensing, as Malta has been open to the online gaming since the early 2000s.

A recent Act of 2011 now allows companies to be used in Malta without necessarily setting up Holdings which simplifies their use.

Tax system

The corporate income tax in Malta is 35% and can be reduced to 5%

VAT of 18% applies only to services provided or goods sold locally.

Accounting

The accounts must be kept monthly by a commissioned accounting firm.

In order to avoid having to charge VAT on the services rendered and goods or products sold, you will have to be able to prove that they were not made in Malta.

Conditions

The formation of an offshore company requires a number of essential elements listed below. These are always included when setting up a company to guarantee adequate operations.

Type of company

The usual types of company are the IInternational Trading Company and the Holding Company.

Corporate headquarters

The company must have a registered office in Malta, which will appear on all mail and the company headed note paper. This allows you to receive mail at the address indicated.

There is also an optional virtual office service available complete with telephone number and personalized standard.

Minimum capital

There is no minimum capital required to start a company in Malta.

Bank account

A multi-currency company bank account will be opened with Internet access and a Visa or MasterCard ATM card.

Director

The director must be European, however a Nominee Director service can be provided offering additional privacy on a case by case basis.

Shareholders

The Nominee Shareholder service is possible in Malta.

Set-up time

The easiest way to have your company set up in 24 hours is to choose a Ready-made company from a list of names of existing companies incorporated in advance to minimize delays.

Holdings

Les Holdings are the most frequently used in Malta as they allow a final tax of 5%.

Renewal

The company has to be renewed each year after having paid all taxes and a stamp duty. The domicile of the corporate headquarters and the appointment of the Nominee Director must also be renewed.

Conditions for forming a company

Financial activities, banking, gaming, online gambling, insurance, and other management activities, require a license.