Company registration in Malta is a straight forward process which can be very easily achieved. With that being said, there are some things that need to be taken into consideration when registering a company in Malta. This is because there are some language and cultural barriers that need to be taken into consideration for the best possible outcome. This article will serve as a guide on registering a company in Malta.
One thing that must be done when thinking of registering a company in Malta is to consult with a Maltese law firm. This is because there are large differences in law in Malta when compared to other countries. Many companies fall into the trap of thinking that many of the laws found in countries such as France and Germany are the same in countries such as Malta. This simply is not the case. There have been many cases of companies going into trouble as they have not properly followed Maltese law through registration.
This is not to say that Maltese laws for company registration are difficult and hard to comply with. In fact, it is the very opposite. Registration in Malta is very easy for many businesses to do. In fact, many people choose to register in Malta as there are lots of benefits that are found in Malta when compared to other countries. With that being said, it is certainly important that a company does their due diligence when it comes to Maltese law.
The Legal Process
The registration of a company in Malta can be processed in a relatively small amount of time. This is certainly true when compared to other countries which can take a very long time to review and approve a registration of a company. In fact, some countries will require a company to be reviewed by several different panels and sometimes even the head of the country. This is something that does not occur in Malta and should certainly put many businesses looking to register in the country at ease. However, this certainly does not mean that registration is instantaneous. Companies looking to get registered should plan carefully in order to make up for lost business operations during the period that they are waiting to be approved and completely registered in Malta.
Furthermore, there is the little cost that is associated with registration in Malta. Lots of smaller businesses often are unable to register due to the extravagant costs many countries apply to the registering businesses. Malta has very low costs associated with company registration. This makes the country great for small businesses that are looking to expand in Malta. A lot of expats are now returning to Malta for retirement as well so the economy looks very promissing right now.
Overall, company registration in Malta is much easier and efficient than lots of other areas in the world. With that being said, many companies need to ensure that they do the right planning before going ahead with registration. Thanks to all of the information that has been presented in this article, more and more businesses should be able to enjoy registration in Malta.