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Company in Malta, Business in Malta

Maltese market is small and hermetic. The government creates favorable conditions only in some sectors, such as: electronics, pharmaceutical, gum production, plastic production, health and other with high added value. Only the biggest companies can say the business in Malta is easy.

For small and middle enterprises the establishment process is a real ordeal. Local advisors tell the entrepreneurs from beyond the mentioned sectors to treat Malta only as a basis for export of products to other EU countries. Conquering local market does not calcualte. Because of the complicated rules of the Maltese law, it is better to find job than to open own business. To start an activity one needs not only high qualifications, but also permits. Everyone, no matter whether he is a sole trader or owns a company, must have a trading license. It refers both to Malta citizens and foreigners. Harsh limits were already introduced towards pharmacists and taxi drivers, also to other transport services.

In Malta it is not enough to register in the Trade Chamber, Inland Revenue and Social Insurance Institution. The entrepreneurs must pass a complicated process of qualifications’ verification. And resident permit is given only to those, who declare to have a capital of minimum 400 thousand USD. A right to live in Malta is also obtained by those businessmen, whose company have annual income of 27 thousand USD.

The most popular type of companies in Malta are limited liability companies. By registration the Articles of Association are required, which should contain: name of the company, names and addresses of the shareholders, address in Malta, scope of activity, description of the stock capital, detailed information about the managers and secretary, data of person entitled to represent company. A company can be set up even by one person, but there is necessity to hire manager and professional secretary with license from the “Maltese Nominee Company”.


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