Minimum Share Capital:
Under the Corporations Act, the minimum authorised share capital is €1,164.69. The authorised share captial should be subscribed by at least persons and it should be absolutely subscribed within the memorandum where it is the same as the minimum as stipulated by legislation (€1,164.69). Additionally on the signing of the memorandum not less than 20% of the nominal value of every share taken up, shall be paid up.
Shareholding:
A restricted liability company is required to have a minimum of shareholders and a most of fifty. The 2 shareholders may be people or company bodies. Nonetheless Maltese Legislation also allows for a ‘single member company’ which is a restricted liability company which qualifies to be an exempt company and is incorporated with one member. In such a case the Memorandum and Articles ought to indicate the primary trading exercise of the company.
Firm Returns and Annual Accounts:
Under Maltese Legislation all corporations are to arrange an annual return and annual accounts which are usually accompanied by an auditor’s report. Our company will have the ability to introduce you to various audit firms and even one of the ‘Big 4’s’.
The annual accounts should be filed inside 10 months from the tip of the monetary yr whilst the annual return should be filed inside 42 days after the date to which it's made up.
Opening a Native Bank Account:
The Maltese Registry of Corporations would require proof of deposit of the initial issued share capital of the company. Which means that the company should have a neighborhood bank account. Each native Bank has its personal account opening procedures and paperwork equivalent to a Know Your Client (KYC) kind are often required. Other paperwork may be requested equivalent to a Copy of the Memorandum and Articles of Association and a confirmation of the everlasting handle of the Directors. Each bank will have at its personal discretion the choice to ask for further assist documents. Our skilled group are highly succesful to help you on the subject of opening a neighborhood bank account.
Other Corporate Requirements:
- Each Maltese company should have a company secretary and at least one director.
- There isn't a requirement for shareholders or administrators to be Maltese residents or Maltese nationals
- The Firm should have a registered office in Malta which might also present the company with administrative and assist companies for its good standing.
Fees:
Registry charges payable to the Registrar of Corporations - these charges are calculated in accordance with the company’s authorised share capital. As an example, if one intends to set up a Maltese company with the minimum authorised share capital ie: €1,164.49 the registration charges would amount to €245.00 annually.
Other Registry charges - there are other charges which are payable to the Registrar of Corporations, some of them are solely paid once at the very beginning such as the reservation of name charge (€8.00) and others which must be paid annually such as the filing of the annual return starting with a minimum of €100.00 if the company is shaped with the minimum authorised share capital.
Under the Corporations Act, the minimum authorised share capital is €1,164.69. The authorised share captial should be subscribed by at least persons and it should be absolutely subscribed within the memorandum where it is the same as the minimum as stipulated by legislation (€1,164.69). Additionally on the signing of the memorandum not less than 20% of the nominal value of every share taken up, shall be paid up.
Shareholding:
A restricted liability company is required to have a minimum of shareholders and a most of fifty. The 2 shareholders may be people or company bodies. Nonetheless Maltese Legislation also allows for a ‘single member company’ which is a restricted liability company which qualifies to be an exempt company and is incorporated with one member. In such a case the Memorandum and Articles ought to indicate the primary trading exercise of the company.
Firm Returns and Annual Accounts:
Under Maltese Legislation all corporations are to arrange an annual return and annual accounts which are usually accompanied by an auditor’s report. Our company will have the ability to introduce you to various audit firms and even one of the ‘Big 4’s’.
The annual accounts should be filed inside 10 months from the tip of the monetary yr whilst the annual return should be filed inside 42 days after the date to which it's made up.
Opening a Native Bank Account:
The Maltese Registry of Corporations would require proof of deposit of the initial issued share capital of the company. Which means that the company should have a neighborhood bank account. Each native Bank has its personal account opening procedures and paperwork equivalent to a Know Your Client (KYC) kind are often required. Other paperwork may be requested equivalent to a Copy of the Memorandum and Articles of Association and a confirmation of the everlasting handle of the Directors. Each bank will have at its personal discretion the choice to ask for further assist documents. Our skilled group are highly succesful to help you on the subject of opening a neighborhood bank account.
Other Corporate Requirements:
- Each Maltese company should have a company secretary and at least one director.
- There isn't a requirement for shareholders or administrators to be Maltese residents or Maltese nationals
- The Firm should have a registered office in Malta which might also present the company with administrative and assist companies for its good standing.
Fees:
Registry charges payable to the Registrar of Corporations - these charges are calculated in accordance with the company’s authorised share capital. As an example, if one intends to set up a Maltese company with the minimum authorised share capital ie: €1,164.49 the registration charges would amount to €245.00 annually.
Other Registry charges - there are other charges which are payable to the Registrar of Corporations, some of them are solely paid once at the very beginning such as the reservation of name charge (€8.00) and others which must be paid annually such as the filing of the annual return starting with a minimum of €100.00 if the company is shaped with the minimum authorised share capital.
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