How long does it take for FJVA to set up a Malta private limited liability company (“MaltaCo”)?
MaltaCo may be incorporated within 1 to 2 working days from receipt of the relevant documents (including due diligence documents) and share capital funds/fees.
All corporate documentation may be prepared in English.
What are the share capital requirements for MaltaCo?
Share capital may be in EURO or the equivalent in any major convertible foreign currency.
The issued share capital of MaltaCo is to be physically deposited in the name of MaltaCo, and evidence of such provided to the Registry of Companies for incorporation.
The minimum level of authorised and issued share capital is of EUR 1,165, although we recommend that the level of authorised and issued share capital be commensurate with MaltaCo’s activities.
Are there any restrictions on the nature of MaltaCo’s activities?
There are no restrictions on the nature of MaltaCo’s activities, provided that such activities are lawful and set out in the objects of its Memorandum of Association (and subject to the issuance of the relevant authority or licence by the competent authority in the case of certain activities).
Can MaltaCo have different class rights?
MaltaCo can have different types or classes of shares, which may include variations in voting and dividend rights.
Are Malta resident directors required?
Malta law does not specify whether the directors of MaltaCo should be Maltese residents or otherwise. FJVA may arrange for competent persons (who may be either individual or corporate) to act on the board of directors of MaltaCo, as may be required.
Is a Malta company secretary required?
MaltaCo must have an individual company secretary. If requested, FJVA may arrange for the engagement of a competent person to satisfy such role.
Is a registered office in Malta required?
MaltaCo would need a registered office in Malta (a P.O. box would not suffice). FJVA may provide MaltaCo with a registered office if required.
Furthermore, FJVA may also arrange for the lease of suitable office space in accordance with MaltaCo’s requirements.
Would the names of the shareholders appear in the MAA?
The names and details of the direct shareholders, directors and company secretary are public information and published on the official website of Registry of Companies.
If requested, the shares in MaltaCo may be held by FJV Fidiciary Ltd (a licensed trustee company) as mandatary in the name and on behalf of the direct shareholders of MaltaCo, in which case the names and details of such shareholders would not be available publicly.
May MaltaCo issue bearer shares?
Bearer shares are not permitted under Malta law.
Is a Malta bank account required?
MaltaCo is not required to have a local bank account. If requested, FJVA may assist in the opening of a local bank account.
What are the statutory costs payable to the Registry of Companies?
A one-time registration fee calculated in accordance with the level of MaltaCo’s authorised share capital is payable upon incorporation or upon an increase of authorised share capital (until the total authorised share capital amounts to EUR 2,250,000). The minimum registration fee is EUR 245 (based on an authorised share capital which does not exceed 1,500) and the maximum registration fee is of EUR 2,250 (based on an authorised share capital which exceeds 2,250,000).
An annual return fee is also payable in accordance with the level of MaltaCo’s authorised share capital. The minimum annual return fee is EUR 100 (based on an authorised share capital which does not exceed 1,500) and the maximum registration fee is of EUR 1,400 (based on an authorised share capital which exceeds 2,250,000).