The import licence in Malta is valid for 8 months, with the possibility of extension. The formalities for obtaining an import license in Malta can be explained to you by our company formation agents in Malta with experience in this field. We present in this article some essential information about obtaining such a license in order to develop a trading company in Malta, with all the conditions respected.
Most products destined for imports into Malta require a specific license that must be obtained before starting these commercial activities. The Schedules to the Import Control Regulations 2004 is the Import Duties Act in Malta which provides information on the categories of imports accepted on the territory of Malta, with the mention that the Malta Commerce Department is the institution entitled to provide specific authorizations in this field. Here’s what you need to know about obtaining an import licence in Malta:
It is important to note that petroleum products can be imported from Malta into the European Union using the EMCS or Excise Movement and Control System and the Administrative Document. All these aspects regarding the Import Duties Act in Malta can be discussed with our specialists in the field. Our team of company training agents in Malta is ready to offer specialized help to foreign investors who want to open an import and export business in Malta.
HS Code 3004 is associated with the import of medicines. The documents required in this case must contain information about the manufacturer, conditions of use, ingredients, expiration date, and complete photos of the product.
HS Code 23808 is used for the import of pesticides, disinfectants, and other similar products. Here, too, a correct and complete description of the product intended for import is needed: manufacturer’s name, authorization, product label, ingredient, expiration date, etc.
HS Code 2710 is associated with petroleum products for import. Fuel oils, kerosene, aviation fuels, and diesel fuels are the products that must have this code before import. A Certificate of Origin is required for such products.
Please note that the application for an import license in Malta must contain detailed information about the products, with tailored descriptions, unit of measure, quantity, manufacturer’s name, country of origin and the code associated with the product category are important aspects to be mentioned on the forms provided. Find out as much as possible about the Import Duties Act in Malta from our specialists.
Malta‘s economy ranks 125th in the world, with annual imports of approximately USD 15 billion. And exports amount to around USD 5 billion, most coming from countries such as Germany, Italy, and France. Here are other interesting statistics about the trading sector in Malta:
We invite foreign entrepreneurs to contact our team of company formation specialists in Malta and to discover as much information as possible about import licenses in Malta and the formalities involved. We offer complete help and assistance to those who want to open an import and export business in Malta.