{"id":671,"date":"2023-10-27T11:19:31","date_gmt":"2023-10-27T11:19:31","guid":{"rendered":"https:\/\/companyincorporationmalta.com\/?p=671"},"modified":"2024-02-05T11:44:54","modified_gmt":"2024-02-05T11:44:54","slug":"open-a-startup-in-malta","status":"publish","type":"post","link":"https:\/\/companyincorporationmalta.com\/open-a-startup-in-malta\/","title":{"rendered":"Open a Startup in Malta"},"content":{"rendered":"\n

The startup ecosystem in Malta<\/strong> is attractive to both local and foreign entrepreneurs from a wide range of reasons: simple incorporation, low costs for startups, an appealing tax regime, and the possibility of developing in most sectors. Our company formation agents in Malta<\/strong><\/a> can offer comprehensive support and assistance for persons who want to open startups<\/strong> in this country, as they can handle the registration process and many more.<\/p>\n\n\n\n\n\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t Quick Facts<\/th>\n\t\t\t\n\t\t\t\t <\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t
\n\t\t\t\tBusiness entities suitable for startups<\/td>\n\t\t\t\n\t\t\t\tLimited liability company is the proper structure for opening a startup in Malta.<\/td>\n\t\t<\/tr>\n\t\t
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\n\t\t\t\t\tWho can open a startup in Malta?<\/p>\n\t\t\t<\/td>\n\t\t\t

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\n\t\t\t\t\tResidents and non-residents in Malta interested in starting companies in this country.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

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\n\t\t\t\t\tLegislation for startups in Malta<\/p>\n\t\t\t<\/td>\n\t\t\t

\n\t\t\t\tCompanies Act in Malta<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tMinimum share capital<\/td>\n\t\t\t\n\t\t\t\tEUR 1,200<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tFunding schemes for startups in Malta<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tAvailable for innovative businesses in Malta through varied programs<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tRequired documents<\/td>\n\t\t\t\n\t\t\t\tArticles of Association with details about the future operation, general rules of the firm, situations in which the activities can be closed<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tBusiness license <\/td>\n\t\t\t\n\t\t\t\tDepending on the activities planned, we can manage the formalities to obtain the required business license<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tValidation of business name<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tVerification of the business name is recommended in order to avoid possible litigation. Reservation is made with the Maltese Trade Register.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tLocal bank account  <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tRecommended, but not mandatory<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tTax registration  (YES\/NO)<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tYes<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tBusiness address required  (YES\/NO)<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tYes<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tNumber of directors<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t At least 1<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tAccounting services <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tWe offer dedicated accounting services for startups in Malta.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tWe offer company formation services for startups in Malta<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tOur company formation agents in Malta can manage the incorporation formalities and collaborate with the relevant institutions.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tFree case evaluation <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tOur agents can evaluate your request, and then discuss all aspects related to the incorporation of a company in Malta.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n

 Number of shareholders <\/td>\n At least 2<\/td>\n<\/tr>\n
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Malta Business Registry function <\/p>\n<\/td>\n

MBR governs all locally registered businesses. <\/td>\n<\/tr>\n
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Corporate tax rate <\/p>\n<\/td>\n

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 35%, but reduced to 5% in certain conditions<\/p>\n<\/td>\n<\/tr>\n

VAT rate <\/td>\n\n

– the standard VAT rate in Malta: 18%;<\/p>\n

– reduced VAT rate: 7% for leasing or offering of licensed tourist accomodations, for using sports facilities;<\/p>\n

– reduced VAT rate: 5% for electricity, medical accessories, books, goods for the disabled, art imports, minor repairs, and domestic care services, etc. <\/p>\n<\/td>\n<\/tr>\n

 Malta Startup Residence Programme<\/td>\n\n

The initial residence permit, approved by Malta Startup Residence Programme for three years, can be renewed for an additional five years upon confirmation of the ongoing startup and the founders meeting eligibility criteria. <\/p>\n<\/td>\n<\/tr>\n

Work permits <\/td>\n\n

Required for non-EU\/EEA nationals who want to work in Malta <\/p>\n<\/td>\n<\/tr>\n

Access to EU market <\/td>\n\n

With a focus on small and medium-sized enterprises, Malta is nurturing a growing startup environment, positioning itself as a competitive entry point to access the EU single market. <\/p>\n<\/td>\n<\/tr>\n

Investment incentives for startups in Malta <\/td>\n\n

Malta provides investment incentives through the Malta Enterprise Act, Business Promotion Act, and Business Promotion Regulations. Maltese startups<\/strong> may qualify for investment tax credits. <\/p>\n<\/td>\n<\/tr>\n

Funding package <\/td>\n\n

Malta Enterprise, the government’s economic development agency, offers dedicated funding packages for startups, ranging from €200,000 to €800,000 for highly innovative ventures. <\/p>\n<\/td>\n<\/tr>\n

Registration time <\/td>\nApproximately 2 weeks for company registration <\/td>\n<\/tr>\n
Innovative sectors for startups in Malta <\/strong><\/td>\n\n

 Malta’s economy is developed in a few sectors: manufacturing, ICT, pharmaceuticals, aviation, maritime services, education, training, and logistics. You can initiate your startup in Malta<\/strong> in any of the mentioned field. <\/p>\n<\/td>\n<\/tr>\n

 Import\/export procedures<\/td>\n\n

Malta has efficient customs procedures for international trade. It is a plus point if your startup in Malta is based on import\/export. <\/p>\n<\/td>\n<\/tr>\n

Data protection <\/td>\n\n

Malta complies with GDPR regulations, ensuring data privacy of employees.  <\/p>\n<\/td>\n<\/tr>\n

 Currency <\/td>\n\n

 Euro<\/p>\n<\/td>\n<\/tr>\n

 Perks of having a startup in Malta<\/strong><\/td>\nMalta’s tax system grants businesses advantages, including fair capitalization rules, flexible transfer pricing rules, no withholding taxes on remittances of dividends, interest, and royalties to non-residents, and no capital duties. <\/td>\n<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n
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