The use of a Malta company service provider is beneficial for those who are non-resident shareholders and directors as Malta does not require having a local director to incorporate and run a business in Malta. However, what is the specific advantages of using a local company service provider?
Typically, most providers have all the typical services you may need for your business such as an accounts team to manage bookkeeping and deal with payroll, reporting and financial statements. Service providers may also have a legal and tax department to offer advice and support to the business. If the company service provider is large enough, they may have specialist services like a recruitment team (Papilio Talent), fintech department and Malta residency department.
Papilio Services offer all these services. Therefore, if you need specialist advice, contact our team today to arrange a consultation.
Dealing with local government departments and understanding local laws may be difficult for a director to deal with, especially as they may be based outside of Malta. By having a company service provider, they will have connections to the relevant department and can action your query or demand with ease.
If your business requires specialist advice or a licence to operate in Malta, a local provider can typically either advise you on your needs or put you in contact with an individual or business that can help you. As service providers generally are made up of lawyers, accountants, compliance specialists and other professionals, they often have a wide range of experience and expertise in different sectors as well as connections across Malta and the world.
Hiring a full-time team can be costly for the business as it requires not only salaries to be paid but an investment of time to get the team operational. By using a Malta company service provider, the costs are much lower than full-time staff as services such as bookkeeping, tax advice, legal assistance and so on are paid on an hourly basis. Backed up by a competent and professional team, this can be not only time productive but also cost-saving.
All Malta company service providers are regulated and monitored by the MFSA (Malta Financial Services Authority). The overall aim of the MFSA is to monitor the supervision of registered company service providers and their level of compliance with the applicable legislative framework to ensure an appropriate degree of protection for the clients of persons carrying on such regulated activity.
If you’re looking for advice or guidance navigating Malta tax laws, company formation advice or you need assistance with a professional support team, contact us today. We will arrange a consultation to understand your needs and requirements, then pair you to the manager of the relevant department for you to meet and discuss how we can assist your business.
Contact our team by emailing us on firstname.lastname@example.org or call us directly on +356 2258 2000, or by filling out the contact form below.