Henley & Partners - Malta - Malta companies, international trading companies, international trading company, holding companies, holding company, international business companies, business company, tax-free companies, low-taxed trading companies, ITC, IHC, corporate, business

Malta

International Trading Company (ITC)

International Holding Company (IHC)

General Information
Type of company	ITC	IHC
Time for incorporation	2 days	2 days
Shelf companies possible?	No	No
Bearer shares allowed?	No	No
Migration of domicile possible?	Yes	No
Company Minimum Requirements
Issued share capital	Euro 1250 (or equivalent in any currency)	Euro 1250 (or equivalent in any currency)
Number of shareholders	One	Two
Nominee shareholders allowed?	Yes	Yes
Number of directors	One	One
Corporate directors permitted?	Yes	Yes
Nominee directors allowed?	Yes	Yes
Local directors required?	No	No
Local meeting required?	No	No
Local company address required?	Yes	Yes
Company secretary required?	Yes	Yes
Taxation
Corporate tax rate	4.17% (after tax refunds)	0% (for qualified holding) - 12% for non-qualified holding, after refunds)
Ordinary tax base	Global income	Global income
Withholding tax on dividends - tax rate	None	None
Withholding tax on interest - tax rate	None	None
Withholding tax on licence fees and royalties	None	None
Double taxation treaties	Treaties with 34 countries	Treaties with 34 countries
Value Added Tax rate for International Trading Companies	18% EU VAT SYSTEM	18% using the EU VAT system
Disclosure and Reporting Requirements
Disclosure of beneficial owner to Company Registrar	No, If using nominees	No, if using nominees
Public register of directors and shareholders	Yes	Yes
Annual return	Yes	Yes
Submission of accounts	Yes	Yes
Audit required?	Yes	Yes

Incorporation and 1^st Year Fees and Taxes			Annual Maintenance Fees and Taxes
Type of company	ITC	IHC		ITC	IHC
Professional fee for registration including Maltese bank account	300	300
Disbursements:
• MFSA registration fee • MFSA Name reservation • Company capital (minimum)	390 5 1250	390 5 1250		180 -- --	180 -- --
Company Secretary – 12 months	750	750		750	750
Registered office – 12 months	350	350		350	350
Advance tax ruling, accounts, audit and submission of tax return including refund claim	1625	1625		1625	1625
TOTAL – BASIC DOMICILIATION (EUR)	4,670	4,670		2,905	2,905

Optional services
VAT registration	250	250		---	---
VAT administration	675	675		675	675
MFSA licensed nominee shareholder	750	750		750	750
Non-resident corporate director	500	500		500	500
Resident corporate director	750	750		750	750
Resident local director	1,500	1,500		1,500	1,500
Back office services	By agreement			By agreement

Note: the minimum company capital (€ 1,250) will be deposited into the company’s Maltese Bank account and will be freely available to the company following incorporation. All fees are quoted in Euros (EUR). Currency converter

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