The name of a company is a distinctive and identifying feature of the company. The company name must be officially approved by the Registrar of Companies (MFSA).
On applying to the Registrar for the approval of a name, it is recommended that two (2) or three (3) possible names ending with the word “limited” be submitted as this may avoid unnecessary delays. Applicants should however, bear in mind that a name is not likely to be approved if:
- it is similar to the name of an existing company (unless it is a subsidiary, affiliated or group company);
- it is considered misleading or confusing (use of foreign words, excessive use of alphanumerical symbols);
- it is considered offensive or undesirable;
- it falsely implies that the company is owned by a government entity
The Registrar may refuse to register the name of a company if the designated name makes reference to a person, who is not involved in the shareholding or running of the company, and this is to avoid situations of making references to third parties, with otherwise no connection to the company.
In order to protect third parties, Article 317 of the Companies Act, makes a provision whereby directors of companies being wound up, may not be involved in new companies, having a quasi-similar name to the companies being wound up. The rationale is an obvious one – protect third parties from any ambiguity regarding the legal standing of a company.
Contact one of our officers to initiate the incorporation of a Maltese registered company and start reaping the full benefits of an onshore, low-tax, EU jurisdiction. Simply fill in the contact box below or contact us by email on firstname.lastname@example.org or by calling at +356 2338 1500
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