Malta serves as a gateway to European Union countries for those who register their businesses on the island. The island is a proud member of the Schengen zone and provides entrepreneurs with a positive attitude to promote their businesses.
If you are a prospective business owner, considering registering a company in Malta can be a smart idea to flourish. Once you have decided to go ahead with this option, register your business with the Authority Registry of Companies of Malta Financial Services. They will verify if your business name is different from other company names.
The best part of the process is that you can officially open a company in Malta within two days if you have submitted all the necessary documents to the relevant organization on time. You will need to pay a minimum of 20 percent of the share capital. After you have opened a company and registered it in Malta, you will have to register your employment and tax details.
Depending on your business type, you will need to obtain a PE number to register employment, a VAT number, a tax identification number, and register with data protection. The process also involves registering your business with the Employment & Training Corporation. In some cases, you might need to acquire a planning authority permit for your business site.
It is usually not difficult for most business owners to meet financial and legal requirements to register a company in Malta. Remember, you will also need a locally registered physical office on the island to run the business and take advantage of incorporating a business in Malta.
The structure requirements vary from company to company. If you are registering a business as a private company, it would need at least one director. A public company, on the other hand, will need two directors. Likewise, your company should have a secretary and two shareholders screened by a fiduciary firm.