Malta Offshore Company
The Republic of Malta consists of three inhabited
islands situated in the middle of the Mediterranean Sea about 100 km south of
Italy. Its tactical location has been very important in the history of the
country and continues to be so even today. Malta is a sovereign independent
state which has economic and political stability. This factor is important for
the economic, political, and prosperity of Malta. Malta became a member of the
European Union in 2004, which fact has played a major role in attracting
foreign investment. Malta has become well known as a respected business and
financial centre, both for individual as well as for corporate investments.
Malta offers many benefits for you to open a Malta Offshore Company.
One of the important sources of income for Malta is from the tourism industry
as more than a million tourists visit Malta every year. Malta has a natural
harbor with dry docks and a ship building yard. Malta has excellent foreign
currency reserves per head, and the Maltese Lira is very strong and stable. The
financial institutions are keeping themselves updated with the changes taking
place in the financial world. You will be happy to know that exchange controls
have been removed to facilitate free movement of capital across Maltas borders.
The advantages of a Malta Offshore Company are given below:
The registration formalities can be completed within 48 hours.
After Malta has joined the European Union, free trade has been permitted
within the European Union.
Annual audited accounts have to be submitted to prove that the company does
not indulge in tax evasion.
Anonymity of the beneficial owners of the company is fully assured.
No tax is withheld on dividends distributed to the shareholders.
Malta companies are fully EU compliant as they are fully subject to the
ordinary rates of corporate taxation in Malta.
Registration of the company must be renewed annually.
Audited accounts must be prepared annually.
Malta also permits the use of nominee shareholders.
Company meetings need not be held locally and can be conducted through
telephone.
Malta has Double Taxation Agreements with a number of countries.
The following are the requirements for Malta Offshore incorporation:
The paid-up share capital amount should be deposited into a bank account.
Memorandum and Articles of Association should be filed with the Registrar of
Companies.
No restrictions have been imposed on trading Maltese companies. But,
companies involved in specific activities may require a license before they
commence their activities.
An offshore company incorporated in Malta has the right to exercise all the
powers outlined in the Memorandum and Articles of Association.
The registered office of the company must be maintained in Malta.
The language of legislation and documentation is English.
The name of the company must end with the word Limited or Ltd.
The minimum authorized share capital is Euro 1,250.
From the foregoing, it can be seen that formation of a Malta Offshore Company
presents you with a lot of benefits and you should make haste in opening your
offshore company.