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Malta: Types of Company

Private Limited Company

The private limited company, (or 'partnership anonyme' in civil code terms), has the suffix 'Limited' or 'Ltd'. The company is formed by submission of the Memorandum and Articles to the Registrar (in English), together with the appropriate fee. Once all documents and information have been submitted to the registrar, incorporation may take as little as 24 hours.

The following are the chief characteristics of a private limited company:

  • only one member is necessary;
  • only one director is necessary, and must be a natural person, but can be of any nationality and resident anywhere;
  • there must be a company secretary, which must be a licensed Maltese Nominee Company;
  • there must be a registered office in Malta;
  • the minimum authorised and paid-up capital is EUR1,164.69, where the capital is does not exceed the minimum, it must be fully subscribed in the memorandum. Where it exceeds the minimum, at least 20% of the nominal value of each share must be paid up
  • shares can be registered but not bearer; preference or redeemable shares are permitted; and shares do not have to carry voting rights;

Registration and annual return fees for paper documents are as follows:

Share capital, Euro Registration Fee, Euro Annual Return Fee, Euro
below 1,500 245 100
1,500 to 5,000 245 + 15 for every additional 500 of capital in excess of 1,500 140
5,001 to 10,000 350 + 20 for every additional 1,000 of capital in excess of 5,000 160
10,001 to 50,000 450 + 20 for every additional 2,500 of capital in excess of 10,000 350
50,001 to 100,000 770 + 20 for every additional 10,000 of capital in excess of 50,000 400
100,001 to 250,000 870 + 20 for every additional 15,000 of capital in excess of 100,000 600
250,001 to 500,000 970 + 10 for every additional 10,000 of capital in excess of 250,000 800
500,001 to 1m 1,220 + 20 for every additional 20,000 of capital in excess of 500,000 900
1m. to 2.5m 1,720 + 10 for every additional 50,000 of capital in excess of 1m 1,200
2.5m + 2,250 1,400

The fees for online registration and submission of returns are slightly less. Full details can be found at: www.mfsa.com.mt.

 

 

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