GCB MALTA LTD

FAQ’s typical questions – Company Formations

1) What is required to setup a company in Malta?
– Memorandum & Articles of association: this document constitutes basic company details such as the amount of share capital, who the shareholders, directors and company secretary are, the amount of share capital including the company’s main trading activity, the registered address of the company and the company’s name.
– In the case of EU nationals copies of their passports and a utility bill or similar document that confirms the individuals’ residential address.
– In the case of non EU nationals apart from the above one also needs to provide a bank reference.
– Copy of the bank slip in which the share capital is deposited.
2) What is the minimum amount of share capital required to incorporate a company?
– In the case of a private company the minimum amount of share capital required is €1,164.49 and in the case of a public company the minimum amount of share capital is €46,587.47.
– In the case of a private company at least 20% of the share capital should be paid up and in the case of a public company at least 25%.
3) What is the amount of directors required in a company?
– In the case of a public company the minimum amount of directors is 2 and in the case of a private company the minimum amount of directors is 1.
4) Who can be a company secretary?
– It has to be an individual; a company cannot act as company secretary. Every company must have a company secretary.
5) What are the likely costs of setting up a company in Malta?
– The registration fee paid depends on the amount of authorised share capital of the company minimum is €245.
6) Can a private company have one shareholder?
– Yes in this case it is called a private exempt company where the individual can also act as director and company secretary. The company would also benefit from certain exemptions (advantages).
7) How long does it usually take to setup a company in Malta?
– Provided that all documents are in order this usually takes about 2-3 days. Once a company is incorporated a Certificate of Incorporation is issued by the Registry of Companies.
8) Does the registered address of a Malta registered company have to be in Malta?
– Yes and such service may be provided by a Licensed Corporate Service Provider in Malta.
9) Does the name of shareholders have to be publicly disclosed?
– Not necessarily. The names of shareholders can be kept confidential if one opts to have trustees representing them. Licensed Corporate Service Provider can assist in such service.
Testimonials

GCB Malta communicated with us within 12 hrs and efficiently set up our company and dealt with all documentations, VAT, Bank... Our client is very happy with the work and so are we! Thanks...

Viviane Patsinos
15/04/2015

"For the last two years, GCB has assisted my small business with a range of financial services, including income tax preparation, VAT filings, and NI payments. In my experience, GCB provides its clients with comprehensive, personalized service at a reasonable price, and with attention to detail."

D.P.
12/5/2015