Tax Information Malta Limited Company 2024

The Malta Companies Act is modelled on its UK counterpart. Maltese company law imposes no restrictions on the nationality and residence of the shareholders, directors and the company secretary of a Malta company. Furthermore, there are no restrictions on the types of activities that companies in Malta may carry out, although the activities of certain Malta businesses may be regulated by local regulatory authorities such as the Malta Financial Services Authority (MFSA) and the Malta Lotteries and Gaming Authority (LGA).

Incorporating a Private Limited Company in Malta requires 1,250 Euro in Share Capital of which only 20% must be paid up. Incorporation is done with the Malta Financial Service Authority (MFSA) and may take as little as 24 hours as long as all the required documentation is available for review by the MBR (Malta Business Registry).

A Malta Company must have at least one director, who in certain cases may also act as company secretary. In the Malta Company you can occupy both the office of director and be a shareholder of the company. The director can also be a body corporate; however the company secretary must be an individual.

FAQ Tax:

Maltese companies are taxed on their global income. The standard corporate tax rate in is of 35% on the chargeable income for a fiscal year. Whenever shareholders receive dividends from the Malta Company they will be entitled to claim a refund of the Malta tax paid by the company on those profits out of which the distributions have been made. Corporation tax in Malta is at a rate of 35% on the company’s profits. Malta is the only EU member state that applies the full imputation system; shareholders of a Malta Company are entitled to claim a refund of the tax paid by the company whenever a dividend is being distributed. Shareholders who receive dividends from companies incorporated in Malta may claim a number of refunds on the tax payable depending on the nature of the income received by the company. Based on their last self-assessment, companies make provisional tax payments every four months, which are divided into three installments. Read more about Malta Corporate Tax: Malta Ranks Third in EU for Corporate Tax Revenue

The refunds available are:

1. 6/7 refund to the non resident shareholder of a Malta company (Trading).
2. Full tax refund of a Malta company holding a participating interest in another non resident Company.
3. No withholding taxes, stamp duties or exchange control restrictions apply on distribution of profits from the Maltese Company to non resident shareholders.
4. Low Company Formation costs.

Malta company benefits include the attractive Malta tax system as well as a few other factors when registering a company in Malta:

- Maltas strategic geographical location
- Maltas stable political and democratic government
- Maltas attractive tax system
- an extensive Maltese double tax treaty network(over 50 double tax treaties)
- relatively low costs for the registration of Malta company
- Maltas friendly business environment

Other Taxes

No withholding taxes, stamp duties or exchange control restrictions apply on distribution of profits from the Maltese Company to non resident shareholders, and these dividends can be expatriated without any restrictions.

Penalties for not paying corporate taxes are 0.6% interest per month of the outstanding tax amount. Other corporate tax reliefs laws/ rules:

– the Parent-Subsidiary Directive,
– the Interest and Royalties Directives,
– the Participating Exemption Scheme

Registered Office Address - Virtual Office Malta

All Malta Companies are required to have his registered office in Malta. We offer this service for Malta Companies, as well for foreign Companies. Your own street address for your company on your business cards, websites, bank contacts, customer support and any form of marketing material.

Virtual Office Malta is suitable for small to large businesses, start up companies, consultants, home based companies or international clients seeking to establish a presence in Malta.

FAQ Service:

We will help you in all aspects of your Malta company formation process, as our services do not stop at registering the company in Malta on your behalf.

Our qualified accountant (Member of the Institute of Financial Services Practitioners in Malta) will help you in all aspects of your Malta Privat Limited Company, Malta Holding Company or Public Limited Company formation process, as our services do not stop at registering the company in Malta on your behalf. Our coporate lawyers and accountants will provide you all information regarding corporate tax and incorporate in Malta under maltese companies act.