How to Start an Offshore Company in Malta?

Malta is an island nation in the Mediterranean Sea. It is officially known as the Republic of Malta. It is a reputable, transparent, and compliant financial hub and a gateway to the European Union, a market of more than 500 million folks.

Malta has taken essential and substantial steps to establish itself as a global player in the cross-border fund administration business. Competing against countries like Luxembourg and Ireland, Malta has a unique combination of a multi-lingual workforce and a robust legal system. The nation boasts as a regular, the MFSA, which has a healthy business development mindset, and the country has been prosperous in attracting gaming business, credit-card issuing banking licenses, aircraft and ship registration, and fund administration.

Malta is a traditional tax-based system with several benefits for foreign and non-resident individuals and companies. Malta has four ‘non-resident’ offshore companies, the most popular being the International Business Company (IBC) formed under the Companies Act of 1995.

Characteristics of a Malta IBC Company

Malta Businesses are regulated under the Malta Companies Act 1995
The Maltese Registry of Companies and the Malta Financial Service Authority are the governing authorities
Malta offers its businesses a high level of privacy and anonymity
It has a very stable jurisdiction with an excellent reputation
Minimum one director and one shareholder is mandatory
Bearer shares are not allowed
It is compulsory to appoint an auditor
It is required for a Malta company to prepare financial accounts
It is necessary to file the annual return

Main Uses of a Malta Offshore Company

Shipping and yachting
International trading
E-Commerce
International investments

Advantages of a Malta Offshore Company

A strategic geographical location ideally placed to approach both the European and North African markets
A well-established economic environment, highly credited for its growing strength in financial services
A robust legal system which is in line with EU regulations
Favourable double taxation treaty network with over 70 countries in the world
Asset security
Administrative flexibility
English speaking country
Modern legislation
Re-domiciliation
Corporate tax benefits
Reputable jurisdiction

Apart from this, a Malta IBC has a restriction on its –

Right to handover shares
Restrictions on the number of employees (under 50)
Freedom to offer the public any of its shares and debentures

Malta Offshore Company Formation Package

The Offshore Company Formation typically includes –

Government Registration Fee (First year)
Registered Office Address (First year)
Registered Agent Services (First year)
Company Secretarial Maintenance
Certificate of Organisation
Articles of Organisation
Minutes of First Organisers Meeting
Ownership Certificates
Register of Members

The requirement to Form a Malta Offshore Business

In order to form a Malta IBC, it is required that the following documents are submitted to the Companies Register:

Certified passport
Certified proof of address
Bank Reference Letter
Curriculum Vitae
Business Plan

Procedure to Set up an Offshore Company in Malta

We at Business Setup Worldwide can help you set up an offshore company in Malta. Our steps are simple and hassle-free and include –

The first step is deciding the trade name. The consultants at BSW can help you in suggesting as well as registering the company name
Next, you need to submit the necessary documents mentioned above to us, so that we can file for company registration

We will also provide you with other recommended services like –