The name of a Malta Public Limited Company must end with the words “Public Limited Company” or its abbreviation “PLC”. The proposed company name may be reserved with the Malta Registrar of Companies before the registration of the company. The Malta Registrar of Companies may refuse to accept a name that is the same as the name of another commercial entity or so similar that it could create confusion. Offensive or otherwise undesirable names may also be rejected.
Number of shareholders
You’re required to have a minimum of two shareholders in a Malta Public Limited Company.
Registered office and address
A Malta PLC must have a registered office in Malta.
Capital requirements for a Maltese company
The minimum authorised and issued share capital of a Malta Public Company is €46,587.47 of which at least 25% must be paid up.
The Currency of Share Capital
The currency of a Malta PLC may be denominated in Euro or any other convertible currency including US Dollars, Pound Sterling, etc.
The Board of Directors of a PLC is responsible for the running of the business and vested with the representation of the company. As mentioned above, a Malta PLC is required to have at least two Directors.
The Board of Directors is responsible for putting adequate corporate governance procedures and processes in place to ensure that the company operates following all relevant rules and regulations.
A statutory auditor must be appointed and must be a Maltese Resident. All companies in Malta must produce a set of financial statements and have these audited annually.
Naturally, this renders dematerialised securities issued by a Malta Public Limited Company substantially more liquid since they can be actively transferred securely anywhere in the world through Clearstream’s global reach. The Malta Public Limited Company need not be listed on any exchange to derive this benefit but may be listed on any recognised exchange both in and outside Malta.
Want to know why you should choose to set up a Public Limited Company in Malta? Read our popular article for more information.