Bookkeeping and Accountancy Services

The procedure to set up a company in Malta is very straight forward and it only takes two working days for it to be set up. We would require all due diligence documents on behalf of the shareholders of the company including copies of passports, bank and professional references and recent utility bills. Non-residents (both companies and individuals) can set up companies in Malta and there are no restrictions on nationality and residence.

For further details, please do not hesitate to contact the firm’s tax and corporate services partner, Stephen Balzan, on sbalzanact.com.mt.

The director of a company is the person who is ultimately responsible for the affairs of the company. Directors of a company must act honestly and in good faith in the best interests of the company and shall promote the well-being of the company.

Yes this is possible. A company set up in Malta can carry out different types of trading activities as well as hold investments, provided that the company is permitted to do so in terms of its objects clauses in the Memorandum and Articles of Association. The only restriction applies when the company is fully owned by one shareholder i.e. in the case of a single member company. In this case, the activities of the company will be restricted to one.

For further details, please do not hesitate to contact the firm’s tax and corporate services partner, Stephen Balzan, on sbalzanact.com.mt.

The minimum share capital is of €1,165 which can be 20% paid up. This can be increased at any time after the incorporation of the company, but cannot fall below the minimum threshold. The share capital of the company can be denominated in any currency. The audited financial statements will then be prepared in the same currency and tax will also be paid in the same currency in which the company’s share capital is denominated.