Malta is situated in the Mediterranean Sea south of Sicily, Italy. The Total area is 316 sq km. The capital and largest city is Valletta. Malta’s population is approximately 415,000. Official languages are Maltese and English but Italian is also widely spoken.
Malta is an independent republic, having gained independence from the United Kingdom in 1964. Government is democratically elected parliament with elections being held every five years. Malta is a member of Commonwealth of Nations and has become a full member of the European Union since the 1st of May 2004. The legal system is based of the Napoleonic code, but British Law has had a strong influence particularly in fiscal and commercial law.
Currently Malta has Double Tax Treaties with more than 48 countries.
Highlights of Maltese Companies:
Limited Liability Companies registered in Malta in terms of the Malta Companies Act (Chapter 386 of the Laws of Malta) are normally, considered as the most common forms of businesses registered in Malta. Such Companies may have the status of private or public Companies. Companies may be registered as “trading” Companies or as “holding” Companies and may be used for domestic or international purpose.
Maltese companies are particularly tax-efficient corporate vehicles and can be (and have been) advantageously utilized in a virtually unlimited variety of :
- Trading, commercial and service activities in any sector; particularly in the provision of commercial; management, technical and other services, group treasury operations and the international purchase and sale of goods; and/or
- Holding activities, including the holding of shares in other companies, intellectual property rights, loan rights, bank accounts and other assets, whether tangible or intangible, moveable or immovable