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Follow on Google News | From Idea to Reality: Registration of a Business in MaltaOne of the first decisions you will need to make when you are about to set up your business is what legal format you want to operate under.
By: IMEX Malta The most common registration options are: Self-employed / Sole Trader Partnership Limited Liability Company (Ltd) Cooperative All business entities must register for VAT to comply with the local Value Added Tax legislation of 1998. To register a company in Malta is a tempting option for many entrepreneurs. Malta is popular among entrepreneurs as it is built on the traditional Mediterranean approach to business. The main motivation for owning a company in Malta lies in the island's preferential tax regime and the highly developed business services sector. The country's economic success builds on a competitive economy based on foreign capital, financial services, and the growing number of newly opened companies in Malta, increasing year on year. When deciding to register a company in Malta, one should keep in mind that it will be cost-effective only for entities generating a yearly income exceeding EUR 100,000. That is the case due to the costs of its operation, the need to carry out an annual audit, and the tax refund system based on trading and holding companies. The incorporation of a company in Malta have two ways. A Maltese company may be set up either as private or as a public company. The main difference is that in a private company there are restrictions on how and to whom shares can be transferred. The incorporation of a Maltese company can have a vast range of purposes; the same company can be used for holding shares and assets and for carrying out trading activities. In Malta, company incorporation is regulated by the Registry of Companies which forms part of the Malta Financial Services Authority (MFSA). Can a foreigner open a business in Malta? Yes. Company formation and registration is open to anyone in Malta - there're no restrictions to foreign ownership. Malta has one of the most business-friendly policies, it's easy for businesses to set up and operate on the island. https://indotinc.com End
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