Panlegis offers business services to clients on a global scale.  These services encompass a variety of key components that drive virtually ever business.  Panlegis offers company formation in over 9 jurisdictions, legal advice, tax advice, secretarial services, accounting services, trademark registration, financial services and more.

Panlegis is one of Europe’s largest company formation agents.  Panlegis incorporates an average of 10,000 companies and brances worldwide annually.

Our clients come from all walks of life, from business magnates and serial entrepreneurs with an understanding of wealth preservation, to gaming companies, independent authors and consultants.

Through a team of lawyers and experienced formation experts, we offer advice and assistance on company structures, tax planning and other general legal advice.

Our experienced staff not only helps form your companies, bu we can also assist you in the mainenance of your companies as Company Secretaries, Directors and Legal Advisors.

Panlegis has beeen present in Malta since 2007 and our Malta office now consists of lawyers, accountants and a teamof formation agents speaking English, Sweidsh and Norwegian in addition to Maltese.  We can assist you with practically any aspect of setting up and running a business in Malta, as well as anything related to taking up temporary or permanent residency in Malta.

Key advantages of a Panlegis formed Malta Company:

-5% effective company tax
-Company’s documentation in English
-Low minimum share capital
-Low setup and operational costs
-Effecient and simple registration process
-Only EU state with the full imputation system approved by EU
-Excellent holding company regime with availability of participation exemption

With a long tradition as a business friendly jurisdiction and an exceptionally favourable economic climate, politcally stable Malta welcomes foreign investment with open arms.  It is also a great place to live and to visit, with a reputation as Europe’s Dubai.

Through the implementation of a tax refund system, the effective tax rate for a Malta registered company is 5%.  This refund system accompanied by the full imputation system has been fully accepted by the EU and is available to all Maltese companies.  These companies are thus in fact onshore companies, and therefore investors and entrepreneurs can enjo a very favourable tax rate, without the stignma suffered by companies incorporated in typical offshore tax havens.

Malta’s company las is based on UK company law with full implementation of all relevant EU Directives thereby providing a reliable and contemporary legal framework within which to operate your business.  English is an official lanuage in Malta with all official documentation published both in English and Maltese.  Furthermore English is the business language in Malta.

Registration Process

Panlegis will help you throughout the formation process.  We will normally provide you with a draft of your formation documents and reserve your company name within 24 hours of your oreder.

Business corporate entities in Malta are incorporated and regulated by the Companies Act 1995 with the most common business entity being the limited liability company.  A company has separate legal personality from the shareholders and it is unlimitedly liable for its obligations.  A limited liability company’s capital is divided into shares which are in turn subscribed to by the company’s shareholders.  The company generally provides its shareholders with the benefit of limiting their liability to the amount, if any, still unpaid on the shares that they hold.

A private company is a company in which the transfer of its shares is restricted and the number of its shareholders is limited to fifty.  A company’s name must have the suffix Limited or Ltd, while the authorised and issured share capital of the company cannot be lower than €1,200 and must be at least 20% paid up.  As a general rule each company must have at least two shareholders, however there is an exception to this rule and subject to certain conditions, companies may also be registered as single member companies - such a company is usually only feasible for very small operations.

A private limited liability company is established on the submission of the Memorandum & Articles of Association to the Registrar of Companies together with the registration fee.  The company’s Memorandum and Articles of Association of a company may either be signed by the company’s subscriber or by their authorised agent.  The incorporation of a company is normally completed within twenty-four to forty-eight hours from submission of the relevant documents.  It is also possible to submit the above information electronically.

MANAGEMENT & ADMINISTRATION OF THE COMPANY

Panlegis can handle all aspects of your company.  Our experienced administration and legal department can provide Company Secretary Services, professional directors, accountants, and a prestigious registered office.  In addition Panlegis can provide key officials for gaming companies and through our network of professional partners also auditors, trustees and fiduciaries.

The management and administration of a Malta company is vested in its Directors who enjoy all powers except those that have been specifically reserved to the shareholders of the company, exercised in general meetings.  A private company must have at least one director and the sole director may not be the company secretary of the company (who must be an individual).  The directors are bound to act honestly and in good faith in the best interests of the company.

The company’s directos also have a number of duties that must be fulfilled including the keeping of proper accounts, having the company’s accounts audited annually, presenting the audited accounts at the annual general meeting, the preparration and submission of the official forms indicating changes within the company, the filing of income tax and VAT returns.

The company’s share capital may be denominated in all major currencies.  As a result the company’s accounts will be prepared in the currency of its share capital while tax and refunds are all paid in the same currency as the company’s share capital. This effectively reduces exhange rate risks.

Although Maltese law does not provide any restrictions on the nationality of Company Directors, Panlegis provides the services of a Maltese resident corporate dircector to our clients.  THis helps ensure that the management and control of the company is in fact carried out from Malta.  We also recommend that at least three (or the majority of) board meetings are in fact held in Malta.  With a Maltese corporate director adherence to this recommendation is further faciliatated.

Yes.  The tax refund & fullimputation system in Malta is not a traditional tax haven.  The refund sytem used by Malta replace the discrimintory tax refund regine that was in place prior to Malta’s joining the EU.  The current system was implemented in line with an agreement reached with the EU in 2006

-E-commerce and internet based services
-Consultancy services
-International trading operations (import/export)
-International sales and marketing
-Call centres
-Finance companies
-Intra-group servicing companies
-Back office and support operations
-Financial service providers and fund managers
-Captive insurance companies
-Work from home individuals such as authors and inventors
-Companies holding patents or immaterial rights
-Holding companies for European and internation structures

Is there an audit requirement for Maltese companies?

Although you do not need to appoint an auditor on registration of your company, your annual accounts must be audited by a qualified and registered auditor in Malta.  An audit is carried out to ensure that the accounts maintained by the Directors provide a true and accurate picture of the company’s financial situation, however the maintenance of proper accounts remains the Directors’ responsibility.  Panlegis can assist you finding suitable auditors for your company.

How to proceed

Contact Panlegis’ experienced advisors today and we will help you find a suitable company structure for you.  If you decide to proceed with the registration of a Malta company, we can provide you with draft M&As and reserve your company name.

Occasionally, our clients prefer to meet our team in Malta before finalising the formation of the company.  If you would like to visit us in Malta, call us today to set up an appointment.  We offer dedicate Client Executives who can help you with the planning of your trip and all your needs while in Malta.

Typical Steps In Setting Up A Malta Company:

Step 1: Contact Panlegis Malta for more details on how our products may benefit you
Step 2: We reserve your company name and provide you with a draft of the formation documents
Step 3: We provide you with a list of the basic KYC documents we need from you - such as passport copies
Step 4: We set up a temporary bank account for your new company for the share capital
Step 5: Together we finalise the M&As and we file the completed documents with the Register of Companies
Step 6: Within 24-48 hours we provide you with your company number and thereafter the certificate of incorporation

Panlegis (Malta) Ltd
8.2 Portomaso Business Tower
PTM01 St. Julians
Malta

Malta +35620104142
Norway +47 02435
Sweden +46 840006200

www.panlegis.com