How to Start a Company in Malta from Another Country

Starting a company in Malta from another country is an achievable goal thanks to the country’s business-friendly environment and streamlined procedures. While there are certain considerations and steps to follow, entrepreneurs can navigate the process successfully. In this article, we will outline the key steps involved in starting a company in Malta from another country.

1. Research and Planning:
   • Conduct thorough research on the Maltese business environment, market opportunities, and legal requirements.
   • Identify the type of company you wish to establish and the sector you want to operate in.
   • Develop a comprehensive business plan outlining your objectives, target market, financial projections, and marketing strategies.
2. Engage Professional Assistance:
   • Consider engaging professional services to facilitate the company formation process.
   • Consult with legal advisors who specialize in Maltese company law to ensure compliance with regulations.
   • Engage a reputable company formation agent who can guide you through the process and handle administrative procedures on your behalf.
3. Choose the Right Company Structure:
   • Determine the appropriate company structure based on your business goals and requirements.
   • The most common structure for entrepreneurs is a private limited liability company (Ltd).
   • Understand the specific features, regulations, and obligations associated with your chosen company structure.
4. Appoint a Local Director:
   • As a non-resident, you are required to appoint a local director who is a resident of Malta.
   • The local director will represent the company and fulfill certain legal obligations.
   • You can engage a professional director service or seek a trusted individual who meets the residency requirement.
5. Prepare and Submit the Required Documentation:
   • Gather the necessary documentation for company formation, including:
     • Memorandum and Articles of Association
     • Identification documents of directors, shareholders, and beneficial owners
     • Proof of share capital
     • Confirmation of registered office address in Malta
     • Bank account details
     • Declaration of compliance
6. Register the Company:
   • Register the company with the Malta Business Registry.
   • Submit the required documentation and pay the applicable fees.
   • The registration process involves verifying the submitted documents and obtaining a Certificate of Registration.
7. Obtain the Necessary Permits and Licenses:
   • Depending on your business activities, you may need to obtain specific permits or licenses.
   • Consult with the relevant authorities to determine the permits required for your business operations.
   • This may include sector-specific licenses or permits from entities such as the Malta Financial Services Authority (MFSA) or the Malta Gaming Authority (MGA).
8. Fulfill Tax and Financial Obligations:
   • Register the company for tax purposes with the Maltese tax authorities.
   • Understand the tax obligations, including corporate tax filing and payment deadlines.
   • Consider seeking the advice of a tax consultant to ensure proper tax planning and compliance.
9. Open a Bank Account:
   • Open a business bank account in Malta to manage your company’s finances.
   • Contact local banks to compare services, requirements, and fees.
   • Provide the necessary documentation, including the Certificate of Registration, identification documents, and proof of address.
10. Seek Ongoing Compliance:
    • Understand and fulfill ongoing compliance requirements, such as annual financial reporting and tax filings.
    • Maintain proper accounting records and comply with accounting standards.
    • Consider engaging the services of an accountant or accounting firm to ensure compliance with financial and regulatory obligations.

Starting a company in Malta from another country requires careful planning, adherence to legal requirements, and compliance with local regulations. Seek professional advice, engage the services of reputable experts, and stay updated with the latest legal developments to facilitate a smooth company formation process.