Malaysia Hotline: +603- 2141 8908
Being
situated in the middle of the Mediterranean Sea at a crossroads between Europe,
North Africa and the Middle East, Malta is a highly industrialized, service
based innovation-driven economy with a strategic location. As a member of the
European Union and of the eurozone, it is a fully developed open market economy
with multilingual population, productive labour force, low corporate tax and
well developed finance. The strengths of Malta’s economy are foreign trade,
manufacturing (especially electronics), tourism and financial services. In
order to let the investors know more about the company incorporation services,
Tannet explains the details in the following:
1. Company
Types: There are such two types of company incorporation as Private Limited
Liability Company and Public Limited Liability Company.
2.
Corporate Names: Names identical or similar enough to create confusion,
offensive or otherwise undesirable. Endings and abbreviations required are
“Private Limited Company”, “Limited” or its abbreviation “Ltd.” Names of Banks,
Insurance, Investment Fund, Trust Company or their Equivalent require consent
or license. Name availability is verified within 24 hours depending on name
similarity. Any language using the Latin alphabet is allowed for language of
name.
3.
Minimum Authorized Share Capital：EUR
1165, of which at least 20% is to be paid-up.
4.
Capital and Shareholders: Minimum number of shareholders is at least one. A
corporate shareholder is permitted, and there is no restriction on local
shareholders. And nominee shareholders are permitted through a licensed
Fiduciary or Trustee.
5.
Directors and Company Secretary: At least one company secretary and one director
are required. The director need not be a Maltese national and may be a body
corporate.
6.
Meetings of Shareholders：Annual
General Meetings of shareholders are required to be held after notice to be
given to every member of the company.
7.
Documents Required: a detailed curriculum vitae; a certified, clear photocopy
of that part of the passport (or alternative valid identification document)
which indicates the personal details, specimen signature and photograph; a
personal declaration attesting the good standing of the beneficial owner and
confirming that such beneficial owner was never adjudged bankrupt or was
subject to an investigation by a regulatory or statutory body; a reference from
a reputable bank; and a certified photocopy of a recent (i.e. not older than
six months) utility bill or suitable alternative document confirming
residential address.
8.
Procedure: Fill the application form——pay the advance payment——reserve a unique
company name ——draft the memorandum and articles of association——deposit the
paid-in minimum capital ——register at the Companies Registry——obtain a trade
license——obtain a company Tax Identification Number (TIN) ——balance payment.
9.
Length of Time to Incorporate：With
all the documents available, service time:10-15 working days.
10. Fees
and Terms of Payment：Service charges ( USD),
80% advancement payment. You can pay cash, or transfer money and so on.
11.
Annual Auditing：Annual returns shall be filed
annually on the date of company incorporation; Within 9 (nine) months after the
end of the fiscal year, normally by September 30, shall file annual financial
statements.
12. Tax
Policy in Malta：The company rate of tax is 35
percent on chargeable income, but shareholders are entitled to a refund. A
participation exemption has been introduced in relation to dividends and
capital gains derived from participating holding. 5 percent for effective tax
rate on trading income for overseas shareholders; 10 percent for royalties
income for overseas shareholders. Normally the deadline for payment of
corporate tax is within 9(nine) months after submission of annual financial
statements, normally by June 30.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my