Company Redomiciliation To Malta
A non-Maltese company continued in Malta retains its status as a body corporate and no new legal entity is created. The most significant benefit of company redomiciliation to Malta is that it maintains all its assets, liabilities, rights and obligations.
Eligibility for Company Redomiciliation to Malta
Request for Company Registration in Malta
A non-Maltese company may file the application to be continued in Malta with the Maltese Registrar of Companies. Several statutory documents and declarations must accompany the request. Upon the submission of the relevant documents, the Maltese Registrar will (if all is in order) issue a provisional certificate of continuation. Within six months, the company must provide documentary evidence that it has ceased to be a company registered in the original country or jurisdiction. Upon the presentation of such evidence, the Maltese Registrar of Companies will issue a certificate of continuation from the date of the provisional registration
The resolution of the foreign company authorising it to register as being continued in Malta.
A copy of the revised constitutive document of the foreign company.
A certificate of good standing issued by the foreign competent authority.
A declaration signed by at least two directors confirming :
o The name of the company now and going forward.
o The jurisdiction under which the company is incorporated.
o The date of incorporation.
o The decision to have a foreign company registered as continuing in Malta.
o Evidence that formal notice has been presented to the competent authority of the foreign country of its intention of continuing in Malta.
o That no proceedings for breach of the laws of the country or jurisdiction of incorporation were initiated against the foreign company.
A signed declaration by at least two directors of the company confirming the solvency of the company.
List of directors of the foreign company including the company secretary.
Other evidence or information which the Registrar may require.
Any applicable fees.
Companies that are resident and domiciled in Malta are charged to tax in Malta on their worldwide income and can benefit from all income tax provisions, such as the Malta tax refund system and other corporate tax benefits.
All assets situated outside Malta and acquired before a company becoming resident in Malta may be deemed to have been acquired on the date of becoming resident or domiciled in Malta. These assets are assessed at the market value on the date of the company redomiciling (i.e., a step up in the cost of acquisition is possible, which is of significance for the calculation of any tax-deductible capital allowances).
Has Brexit Been A Challenge?
If your business is still suffering from the after affects of Brexit why not get in touch with our team and we’ll arrange a FREE consultation to discuss the options available to remove the ‘red-tape’?
Alternatively, if you’re searching for a solution, or maybe you’re just curious and want to review your options, we’ve created this useful guide to highlight some of the opportunities available to UK businesses in order to remain competitive in the Post-Brexit market.
Company Redomiciliation Specialists
As Malta company specialists, we can assist with company redomiciliation and navigating the continuation of companies regulations. Contact us and we will schedule an initial consultation to understand your business in more detail before we put in place a bespoke plan to help your business achieve its goals.
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- Papilio Services Limited 168 St Christopher Street, Valletta, VLT 1467, Malta, Europe
- +35622582000
- enquiries@papilioservices.com