Malta Company Uses Overview
One of the underlying hallmarks of Malta Entities is their marked flexibility, which make them suitable for any use. All Maltese companies, must in terms of Article 69 of the Companies Act, specify the objects clause, specifying the purposes for which they are incorporated. The trading objects of the Company may be drafted as wide as possible, and it is possible to have a number of principal trading objects.
A slight exception is made with regard to single member company and investment companies with variable share capital (SICAVs), whereby the objects clause of the Memorandum and Articles of Association must specify which activity of the company is to be its main trading activity. SICAVs must limit their objects to either one of the following:
The collective investment of its funds in securities and in other movable and immovable property, or in any of them, with the aim of spreading investment risks and giving shareholders of the company the benefit of the results of the management of its funds, and in the fulfillment of that object it shall be entitled to perform any act which is connected with or ancillary to such object;
to act and operate as a Retirement Fund with the meaning of the Special Funds (Regulation) Act.
Likewise, companies intending to operate in the insurance sector also need to limit their objects to the particular business for which they seek authorisation.
Companies pursuing licensable activities such as the business of banking, Remote Gaming or any activity under the Investment Services Act or Financial Institutions Act must clearly indicate this object in the Memorandum and Articles of association.
Other than the aforesaid limitations, a Maltese company may change its trading objects easily by means of an extraordinary resolution of the shareholders, a matter which may be expedited within two (2) working days and which entails no registry fees payable to the Maltese registry of companies.
The flexible legislation also allows a Maltese registered company to pursue the function of both a trading and Holding Company simultaneously, thereby reaping full benefits of the income tax incentives such as the Participation Holding / Exemption, as well as the attractive tax credits allowed to shareholders. It is also possible to re-domiciliate a company in and from Malta, as well as to convert a private company into a public one and vice-versa.
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 email@example.com
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