Among the many countries surrounding the Mediterranean Sea is tiny Malta. The country is strategically situated between Africa(North Africa) and Europe. Malter homes up to four hundred inhabitants. And it has more than five thousand years of rich culture and history.
When it comes to some of the best places to do business in Europe, Malta stands out. The nation has short commutes, great weather, as well a flexible and skilled workforce.
Malta has an amazing business environment. Because of the logistical link to the mainland of Europe and Africa, organizations that need to go beyond Malta may do that with ease.
6 Steps For Registering a Company in Malta
To register a business in Malta, there are a few steps you need to take. They are discussed below.
- Type of company to register
In Malta, there are 4 kinds of the company available for setting. They are as follows:
Limited Liability Company
This is the most kind of company. It can be private (50 members, maximum). It can also be public and can publicly offer debentures or shares.
This type of company is perfect for medium-to-small businesses.
Also referred to as a Single Member Company, this is an enterprise owned by one person.
Here is a corporate body that is outside of Malta. It often has a physical branch within Malta.
- Pick the name of your company
After the type of company you need to register is sorted out, it’s time to choose the right name for your business. The name of a firm should not be a duplicate of a prior big business, and should not contain explicit words which might be considered hostile.
So, it should be a unique name that appropriately addresses the undertakings of your company.
- Set up essential documents
The type of company you want to register will determine the kind of documents you will need to submit to the Registrar of Companies Association of Malta.
First and foremost, the Memorandum and Articles of Associations should be ready. The Memorandum is a report that contains significant and pertinent data. It contains information like the type of organization to register; the name of the company; the registered office in Malta, and so on.
- Acquire a Certificate of Registration
If all the fundamental documentation is given and acknowledged by the Registrar, then you will be issued a Certificate of Registration.
In Malta, the time expected for incorporation of a company depends on the kind of organization being enlisted, whether every documentation is palatable, as well as if other supplementary data should be given to the Registrar. If everything is well put together, this typically lasts between five to ten days.
- VAT Registration in Malta
After setting up a company in Malta that is formally acknowledged by the Registrar by issuing a Certificate of Registration. The next thing your business need is to be enrolled to pay VAT. This is set at 18% in Malta,
- Other things to consider
Now that you have formally opened an organization in Malta, what next?
Beginning a business in Malta likewise implies, after formal incorporation, giving Annual Returns and Accounts annually is required.
The Annual Returns ought to be endorsed by an organization secretary or director. It should be submitted to the Registrar in no less than 42 days from the date the firm was incorporated.
Registering a business in Malta is very simple. Go through the steps above and your company will be incorporated as fast as possible. Finding good office space in Malta for your business can be quite a challenge. finally, visit Soho Malta to assist with finding the best office space. Another way to start your operations in Malta is to partner with a Global PEO to operate without an entity.