If you have a new company or are thinking about starting one, you should definitely consider Malta as one of the options for your company’s headquarters. The best thing about Malta is its transparent taxation system, which includes a lot of benefits for businesses and business owners depending on the structure of the company you choose. You can start just about any type of company you want in this country that has been a part of the European Union for more than a decade now. The process is simple and you will, of course, find a variety of firms that help you with Malta company formation.
The first thing you have to know is that you can start a general partnership business in the country or go for a limited liability company. Your limited liability company can be private or public limited. There are different requirements for different types of company setups, but they are not strict in any manner. For example, if you are going for the private limited setup, only a small €1,165 share capital will be needed on your part before you start the company. If you do not have that amount ready at the time of registration, you can make a deposit of the same amount at exactly the time of formation.
You will be glad to know that the government of the country does not force you to have someone from Malta to be a director of your company. However, it is highly recommended that you have one because this person can help you with a lot of legal and networking matters, which are crucial for any company’s success in any country of the world. The requirements for a public company are a bit tougher comparatively, and rightly so. However, you cannot incorporate this structure if you do not have at least two people who hold shares in the company.