Primary Steps to set up a Maltese Company

Besides residence, Malta tends to be one of the most notable European countries for businesses. It offers pleasant weather, a skilled & flexible workforce, and short commutes. The current logistical connections to North Africa and mainland Europe makes Malta an ideal place for businesses to expand beyond this small country.

If you wish to register a company in Malta, here are your steps to follow:

  1. Decide on the Business

Do you want to have a limited liability company, or like to start our business as a self-employed person in Malta? Knowing the type of your business would decide on what steps are necessary for you to take.

  1. Prepare Registration Documents

After you have decided on the type of company you want to start in Malta, you will need registration documents to be good to go. It is never wise to prepare these documents yourself unless you have the necessary experience. Experts recommend seeking professional assistance to start a business in Malta, especially if you are doing it for the first time.

  1. Deposit the Share Capital 

The type of company you want to set up in Malta will determine the required share capital to deposit and include it in the memorandum and articles of association. This step also involves opening up a bank account in a Maltese bank in the company’s name. It subsequently requires minimum share capital deposit, which the bank will keep into a holding account until you get your company registered. The bank will give you a receipt to use at the time of starting your business.

You might find the overall process of starting a company in Malta tricky. Luckily, several legal consultancy companies can help you with every step and get through the process successfully and smoothly. Visit https://papilioservices.com/ to get professional assistance for your company registration in Malta today.