The Republic of Malta is part of the European Union and is located south of Sicily. Made up of eight islands (of which only four are occupied), country is the most densely populated country in the world, with 1,247 inhabitants per square kilometre.
Useful informationIn republic, you pay 35% tax, then 6 months later you receive a 31% rebate paid to the company shareholder. You will, therefore, need to create a holding company in Malta and an additional offshore company. Republic has a good image but the rigour of the company management legislation does not allow you to pay yourself wages or expenses during the year; you have until the end of the year to do this. Malta is also a good jurisdiction for intellectual property.
The country trades mainly with the United States, the European Union and Singapore and takes advantage of its location to establish itself as a mandatory intermediary for trade between the North and South of the Mediterranean. Its trade balance has long been negative but seems, in recent years, to be tending towards equilibrium again.
Country is member of the World Trade Organization and the European Union and a signatory of the Kyoto Protocol, the Washington Convention, the Basel Convention, the Montreal Protocol and the International Coffee Agreement of 2001.
Employment LawThe legal duration of the working week is set at 40 hours, with a minimum monthly wage of 585 EUR. Employment contracts (fixed-term, permanent, full-time or part-time) meet the standards set by the Conditions of Employment Act. Retirement age is 60 for women and 61 for men.
The employer and the employee must each pay social contributions of 10%.
Taxation in Malta by FidusuisseAlthough, in theory, corporate tax is 35%, in Malta there are a multitude of advantages offered to foreign investors in order to create more wealth and to consolidate the country’s economy. Fidusuisse Offshore will provide you with more detailed information about taxation in republic so you can estimate your future income.
In Malta, accounting is regulated by the International Accounting Standards and runs from 1 to 31 December. Accounts must be drawn up each year and include a balance sheet, a profit and loss account and an appendix.
Creating a Company
Fidusuisse offshore company has many advantages: among other things, it enables assets to be protected by consolidating assets held in several countries under the name of an offshore holding company. The legislation of the country where the holding company is based will apply to all assets in the event of death. It is also possible to transfer assets to this offshore company to avoid problems (confiscation, commercial litigation, disputes, etc.): this is the principle of Asset Protection.
A Ready-Made Company or Shelf company is a pre-registered company that is ready to start operations. Choosing a Ready-Made at Fidusuisse company reduces the time it takes to setup a company in the country. A Ready Made company is a new company, whereas a Shelf company has existed for at least one year, which makes it possible to benefit from enhanced commercial credibility.
At Fidusuisse we handle your bank account opening in Malta, so there is nothing you can worry about. Whether for private account of offshore accounts within 15 days including the bank relationship, filing of forms and liaising with the bank.
Fidusuisse Offshore offers you a virtual office service allowing you to create real credibility and become a commercial reality. You will be able to conduct your offshore company’s business in the most effective way.
The importance of a virtual office
When you create an offshore company, it is essential to have a phone number in your destination country. It provides real credibility and promotes confidence in your business transactions with your clients. Fidusuisse Offshore can provide you with a telephone number for any country in the world and even offers you a telephone to manage your business.
Company Management is a service aimed at persons not wishing to have to manage their business on a daily basis and who wish to entirely delegate the management. Under a contract regulated by Swiss law, we manage the company on your instructions, maintaining commercial relationships, orders, regulations, accounting, audit and annual reports.
International contracting is frequently used by offshore companies to facilitate transactions with foreign partners. In fact, this method makes it possible to solve logistical and fiscal constraints applicable to transactions.
Trusts and foundations
The advantage of a Trust is that it optimises tax benefits for the Settlor’s assets, in accordance with the tax laws of the country in which the Trust is registered, while the Settlor can reside in another country. It is also useful for transferring assets while avoiding taxation, and in determining the assets owned by several companies.
Fidusuisse Offshore can provide you with the expertise necessary to set up your Foundation. A foundation makes it easier to manage your affairs. This structure can be created in most countries, and fully customized through the use of By-Laws.
Fidusuisse Offshore is putting its experience and expertise at your disposal so that you can successfully carry off your fiscal expatriation plans. Our main destinations are Belgium and Switzerland.
Contact Fidusuisse Contact
ServicesBanking Services Company Formation Corporate Services Trust Management
CoverageBelize British Virgin Islands Canada Cyprus Dubai Hong Kong Latvia Luxembourg Malta Ras Al Khaimah Switzerland United Kingdom
118, Rue du Rhône
1204 – Geneva, Switzerland
Tel: + 41 22 518 03 40
Fax: + 41 22 518 07 84
79, Avenue de la Toison d’Or
1050 – Brussels,
Tel: + 32 2 400 78 00
Fax: + 32 2 808 64 71
The Lee Gardens,
33 Hysan Avenue,
Causeway Bay, Hong Kong
Tel: + 852 580 80 599
Fax: + 852 580 80 582
Sterling Tower, 10th Floor,
14, Poudriere Street,
Port Louis, Mauritius
Tel: +41 22 518 20 19