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Ask the Experts: Chris Armstrong
Malta Company Formation Expert
Malta Company Formation Expert
Chris Armstrong is a chartered certified accountant based in Malta with a strong commercial, accounting and taxation background.
He has over 15 years’ experience working in the financial services industry both in London and Malta. He has worked as an advisor to businesses and high net worth individuals on setting up businesses in Malta and other jurisdictions. Chris is able to help with the setting up and formation of private companies in Malta as well as the incorporation and listing of public limited companies. He also advises on the use and set up of trusts and foundations.
Chris has a particular focus on trading companies, which includes ecommerce and gaming activities, intra EU trading companies and intellectual property companies
+356 2122 7553
Hi, we would like to register our company in Malta. What are the costs, time-frames and documentation that we will need to complete this. Question from Philip Thompson on 03/08/2018
Thank you for contacting Papilio Services Limited.
In order to better assist you, please send us an email to firstname.lastname@example.org with more details if possible.
We look forward to hearing back from you soon.
hi, I am looking for a tax friendly solution , for profits made through Bitcoin trading here in Belgium i believe trading profits are taxed at 33 % to 50 % Could setting up a business in Malta be a solution for me ? thank you very much Nico Question from nico peeters on 25/03/2018
Thank you for your message. Malta is an attractive jurisdiction to set up business. Malta is currently drafting legislation with regards to Initial Coin Offerings and Virtual currencies and this should be released in the coming months.
Happy new year! Our team is from Vietnam and we are planning to incorporate a company in Malta. We are in the online lottery industry so we think a gaming license is required. We are wondering about the procedure and cost for mentioned services. Have an awesome weekend. Question from Tri Pham on 05/01/2018
Happy New Year to you as well! We would need a little more information and I would suggest initially looking through this webpage for some general information:
I would be happy to discuss further and please feel free to contact me directly.
Hi Chris, I'm french, working in Luxembourg. I would like to establish my start-up in Malta for fiscal advantages but I would like to manage it during a few months from Luxembourg. Do I have to be in Malta after the establishement of the firm or can I manage the firm from Luxembourg and come sometimes in Malta for administrative obligations? Thank you in advance for your response Question from Valentin SCHERER on 27/07/2017
From an operational perspective, there is nothing to say you need to be in Malta. So this would be fine for the first few months. However, please bear in mind that usual tax laws for a company are based on where the effective management and control of that company is situated. If you are the director of the company and are situated in Luxembourg for a period of time and managing the company it would be deemed to be outside of Malta for that period of time.
Hi, We currently have our EU company based in Cyprus and we would like to abandon this legal entity for another location where we don't require a local secretary and hence our interest in Malta. We wish for the Malta entity to be owned by our corporate entity based in Shanghai and the Malta company to have the 5 directors as employees. We would also require a corporate bank account for this legal entity. Please advise me on the process and the set up fees, etc.... Thanks. Question from Telis Dimitrakopoulos on 17/01/2017
In Malta it is a legal requirement to have a company secretary for a private company, however the company secretary can be of any nationality and does not have to be Maltese. In addition to this, the company secretary cannot be a corporate body and must be an individual.
In order to advise on the process and likely costs, we would need more information with regards whether your intention is to incorporate a new company or whether your intention is to redomicile the Cypriot company to Malta.
Here is a link with information on redomiciliation - https://papilioservices.com/corporate/redomiciliation-of-a-company-to-malta/
I would suggest sending me an email at email@example.com as an introduction with some more information and we would be happy to assist further.
Hello Chris, I'm French and I already have 2 companies In France. But I'm starting a new one. I intend to create this company in Malta to have better tax conditions. The company is web based. We organise video contest for our customers. The winer gets a price paid by our customer and we bill our customer an organisation fee. Because of the summer I had a lot of troubles finding someone who will help me create the company In Malta. I'm so late on schedule that I am considering a creation in Ireland which will cost me around 800 euros and will take 5 days. Can you please tell me if you are willing to help me out and : - Is Malta a good place to run such a business - how much would it cost me if you create de company for me - what papers I should provide - How long it will take Best regards, Miren. Question from miren lafourcade on 15/08/2016
Hello Miren, thank you for your message.
In order for a company to be set up in Malta, a number of customer due diligence requirements would need to be met and these are different depending on whether the ultimate owners are individuals or a body corporate. An individual would have to provide a number of items, which would include a true copy of a passport, original bank reference, verification of a permanent address, professional reference and a curriculum vitae. In the case of body corporate items required could include a certified copy of incorporation/registration document, an original certificate of good standing, an extract from the respective registry of companies or similar authority, a bank or professional reference and the latest copy of the financial statements. A company can be set up very quickly within 2 to 3 days if all the customer due diligence requirements are met.
In general, Malta is a good jurisdiction for e-commerce businesses and trading activities and in general these types of entities are taxed at 35%. However, Malta operates a unique full imputation tax system, which allows for qualifying shareholders a possible 6/7th’s refund on the tax paid.
In order to assist you further, I would suggest a quick call to understand your exact requirements and your companies activities.