Things you Should Know before Setting Up a Company in Malta

When you are thinking about forming a company in Malta, it will have to be registered at the Registry of Companies, which can be found at the Malta Financial Services Authority (MFSA) offices. You can either set up a limited liability company, form a partnership with someone or operate as a sole trader. Before you can set up a company in Malta, there are some things you need to do. Let’s take a look:

  • Documentation

The first thing you need to do is come up with all proper documentation, which includes its Memorandum. Everything from the address to the names and details of directors/shareholders needs to be submitted. The Memorandum of Association should also be submitted with Articles of Association, which outline how the company will work.

  • Name

You can choose whatever name you like, as long as it is not similar to the name of an existing business. Plus, it shouldn’t be undesirable or offensive as the Registrar of Companies may refuse to register it in that case.

  • Paid up capital

Malta company formation is not possible without capital. You need to know how much capital would be required, which would depend on whether you are forming a public or private company because the requirements vary for both.

  • Office, shareholders and directors

The company also needs to have a registered office, along with the minimum number of shareholders and directors. Again, this will depend on what company you have chosen to form.

  • Audited accounts

When you are setting up a company, you should know that company accounts will have to be audited every year and an annual return needs to be filed with the Registrar of Companies. There has to be an auditor’s reports and a director’s report. The format of the accounts depend on the company’s size.