Liquidation & Dissolutions

GCB Malta Ltd is well versed in the process of company formation, but our staff is also trained to conduct members’ voluntary liquidation.

The liquidation process for registered companies in Malta involves numerous steps that ensure the company is dissolved or liquidated in an appropriate manner and that all relevant public authorities are informed.

We have experience in catering for the entire liquidation process, which includes the appointments of third party liquidation auditors, the liquidator themselves, and notifying all relevant stakeholders including banks and tax authorities.

The Liquidation Process

The process of members’ voluntary winding up involves several important steps, but our team can assist you directly in this.

We assist you in drawing up the members’ resolution for dissolution and appointing the company liquidator. Our audit service providers will ensure that your accounts and audits are in good standing with the authorities, while our staff will liaise with your officers to ensure that tax returns are also up-to-date.

We will ensure that all the relevant forms are completed and signed by the relevant individuals and that these are deposited with the authorities.

When the company is put into Dissolution with the Malta Business Registry, the liquidator takes control of the company’s affairs, including access to the company’s bank accounts. Any excess funds in the company bank accounts are eventually disbursed to the stakeholders once the company is Struck off the Registrar. Any company bank accounts are to be closed.

VAT and Tax Considerations

VAT and Tax requirements will extend to companies until the winding-up process is completed. Our staff can assist your business in submitting its final VAT return, which must include any VAT on the remaining business assets that belonged to the business. This will be followed by the deregistration of VAT and any subsequent final payments to the authorities.

A similar approach must be considered for tax purposes. The company liquidator shall avail themselves of distributing any company assets to shareholders until all tax liabilities are settled. Even though a business might be in dissolution, this does not stop the tax refund process which is due to the shareholders.

Once all pending payments to the Final Settlement System (FSS) that cover employee salaries, tax, and contributions will be made, the company’s employment (PE) number can be deactivated.

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GCB Malta Ltd offers a vast range of services in the financial sector.

No. 27, Triq G. Grech Delicata
Birkirkara, BKR 4467 – Malta

+356 21341308
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Copyright GCB Malta. All rights reserved.

Copyright GCB Malta. All rights reserved.