Malta has over the last twenty years established itself as a competitive platform for international business and foreign direct investment. A variety of attributes have helped to launch and maintain Malta’s position as a top-ranked financial and professional services jurisdiction. The top foreign direct investment pulling factors in Malta are competitive, personal and corporate tax regimes, as are a stable social climate and political, legal and regulatory environment. In fact, Malta boasts an extensive double tax treaty network, with over 70 treaties concluded to date.
Malta benefits from a hybrid legal system. A strong civil law legacy coupled with a corporate law structure modelled on the English law counterpart facilitates flexible and diverse solutions. This is evidenced in the significant number of companies opting to shift their jurisdiction of domicile to Malta and also the multitude of legal entities being registered in this country.
Formation of Limited Liability Company in Malta:
Package includes the following set of corporate documents:
– Nominee Directors:
The appointment of nominee directors has to do with people who will be managing the company, considering any kind of business.
– Nominee Shareholders:
Nominee Shareholders will be holding the Company’s shared documents for the avail of the clients.
-General Power of Attorney:
It is issued by the administrator for the benefit of the clients and it is valid for 12 months.
A General Power of Attorney grants the client with broad powers, represents and acts for the Company before third parties, institutions and authorities.
-Special Power of Attorney:
It is emerged by the director for the benefit of the clients, which is valid for 12 months.
A Special Power of Attorney, also known as Limited Power of Attorney, grants the client with particular authority to represent and act the Company for particular matter. For instance, it is useful for the opening of a bank account.