Would you like to open a joint stock company in Malta and need advice? You may explore the following article and then access our online services. We have dedicated company formation specialists in Malta who can assist throughout the entire process.
Table of Contents
What is a joint stock company (JSC) in Malta?
Do I need a local partner to open a public limited company/JSC in Malta?
Not required.
What is the legislation overseeing JSCs in Malta?
The Companies Act.
Where do I register a JSC in Malta?
At the Malta Business Registry.
What is the minimum share capital for a joint stock company in Malta?
Around EUR 46,587.
NOTE: At least 25% of the share capital must be deposited at the time of incorporation.
What are the steps in opening a JSC in Malta?
- ensure a registered business address in Malta,
- verify and reserve the business name for a JSC in Malta,
- draft the Articles and Memorandum of Association,
- open a corporate bank account and deposit the minimum capital requested,
- prepare the Ultimate Beneficial Owner document as part of the application & incorporation,
- get the Tax Identification Number (TIN).
NOTE: Once all documents & application are approved, a Certificate of Incorporation will be issued by the Malta Business Registry. Thus, the joint stock company can start operating in the market.
Do I need a representative when opening a JSC in Malta?
No.
Do I need a company secretary for a JSC in Malta?
Yes, this is a mandatory condition. The company secretary maintains corporate records.
What is the taxation of a joint stock company in Malta?
35% corporate tax rate. 6/7ths of the CIT can be refunded under certain conditions.
Are there any precautions in opening a JSC in Malta?
- the Certificate of Incorporation is issued only after the entire minimum share capital is deposited,
- it might take around 3 months until a corporate bank account is opened in Malta due to various checks imposed (AML, KYC, etc.),
- JSCs in Malta are subject to higher administrative costs compared to other business entities,
- joint stock companies in Malta must submit annual financial declarations.
What is the time frame to set up a joint stock company in Malta?
About 3 months.
Would you like to know more about how to register a joint stock company in Malta? You can contact our Maltese agents and get your answers today. We have a specialized team in company formation in Malta.