Additional Corporate Information
Capital Requirements:
The Minimum issued share capital of an international trading or
holding company is the equivalent of Lm 500 expressed in any convertible
foreign currency. At least 20% of the issued share capital has to
be paid up on incorporation.
Who May Incorporate:
A limited liability company may be registered by the shareholders
or their authorized agent. In practice, a local firm of lawyers,
accountants or consultants is engaged to carry out all necessary
formalities. Subscribers may be individuals or corporate. Nominee
shareholding is also permissible through the services of a local
nominee company licensed by the Malta Financial Services Authority.
Time Required for Incorporation:
The length of time to incorporate depends on the type of company
and on whether all information and documentation is available and
in order. The process may take from as little as 24 hours.
Shareholding:
The minimum number of shareholders is normally two, however a “single
member company” may also be registered under the Companies
Act, 1995.
Registered Office:
Every company registered in Malta must have a registered office
in Malta. The registered office of a company may be at the office
of a firm of lawyers or accountants.
Directors and Secretary:
All companies must have at least one director and a secretary. The
secretary must be an individual but no specific qualifications other
than a general competence are required.
Meetings:
Every company must hold in each year a general meeting as its annual
general meeting in addition to any other meetings in that year.
Company Returns:
Annual returns are to be filed annually by all onshore companies.
Annual returns must be sent to the Registrar of Companies accompanied
by a payment depending on the authorised share capital. This varies
between Lm 50 - Lm 250.
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