Attractive taxation and flexible legislative measures are some of the factors that make Malta an excellent spot for investment. Its economy rates as one of the most stable and fastest-growing across the world. It provides the investors with a favorable commerce environment to expand their business by opening a company in Malta. This Mediterranean island also attracts investors by offering a diverse business portfolio to make lucrative investments.
Opening a Maltese Trading Company
Tax benefits for businesses are no longer hidden from the world. The flexible Maltese legislation and tax system have already attracted many investors and entrepreneurs to Malta and open a new company. But did you know setting up a trading company in Malta has more benefits than relocating your business through other ways?
Malta trading companies have significantly low incorporation and operating costs. They can enjoy zero tax on dividends (profits). Trading companies in Malta can benefit from no exit taxes, interest, and royalties. There are no capitalization rules or wealth tax, trading tax, or payroll taxes for trading companies in Malta.
Since Malta has signed double taxation treaties with more than sixty other countries, businesses operating on the island can contact traders in those nations and expand further.
There are over sixty signed double taxation treaties
- Companies from Malta that undertake international trading activities are exempted from document duty. I.e. shares transfer and share capital increase are duty-free
- Capital gains coming from foreign individuals (non resident) on transfers of shares and share capital are tax-free if there is no immovable property located on the island.
How to open a Trading Company in Malta?
When it comes to trading activities in Malta, one of the most popular company formation models is the limited liability company which is also know as LTD or LLC. Welcome Center Malta, can assist you with all the necessary steps of the company’s formation including registration of such companies and VAT registration which is a must, for a company to be able to acquire all the necessary licenses. EORI registration is important to trading activities involving crossing borders.
Documents Required to acquire the licenses for a Malta Trading Company
- A duly filled application form;
- Company Details – The name of the company, origin, and registration number
- The applicant’s ID
- The company’s VAT registration number.
- Special permits may be needed depending on the specifics of the import/export trading activities. Other conditions may also apply.
Maltese Trading Companies Eligibility
Minimum share capital
To be eligible to open a Maltese trading company, the required minimum share capital is 1,250 Euros with a paid-up capital of 20% or its equivalent in the following currencies but not limited to; US dollars, SEK, and GBP.
Director and Company secretary
A director and company secretary of the company should be appointed. The director’s responsibilities involve the daily company’s management while the secretary is responsible for all the administrative duties. The secretary is also responsible for taking and keeping minutes for general meetings and ensuring proper filing of the necessary documentation.
Documents required for the Malta Trading Company formation
There are documents that are necessary when it comes to the formation of the Malta trading company. They include the Memorandum and articles of association, documents for due diligence, and bank receipts as proof of payment of the first share capital.
Appointment of an Auditor
Any holding company in Malta should appoint an auditor who is Malta registered. The first auditor is appointed by the directors of the company.
Establish Your Malta Trading Company through Welcome Center Malta
For further information regarding the Maltese trading company requirements, feel free to contact us by filling out our contact form or reaching us through the provided contact information.
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