Malta: Offshore Legal and Tax Regimes
The various forms of offshore entity in Malta are limited as regards the trading they can do in the jurisdiction, but not as regards the running of their businesses from Malta.
International Trading Companies were allowed the following local activities:
- purchases for export of Maltese goods provided that they are not made from a 15% shareholder in the buying company;
- trading with companies registered in Malta under the Financial Services Centre Act 1988 (ie Offshore Companies);
- trading with other International Trading Companies.
Registered Maltese and foreign trusts and International Holding Companies can hold a wide range of assets including the shares of other offshore entities.
The situation of Trading and Non-Trading Offshore Companies was broadly similar to that of International Trading and Holding Companies, respectively.