How To Start a Business in Malta As A Foreigner
A step-by-step guide to opening a company in Malta. Obtain the necessary licenses and permits. Then successfully launch your own company in Malta.
4 Steps To How To Set Up a Company in Malta
1. Business structure ☑
The most common options are:
- sole proprietorship,
- partnership,
- private limited company,
- public limited company,
- branch office.
Each type of business has its own advantages and disadvantages, so it's important to choose the one that best suits you.
2. Maltese Companies Registry ®️
Register your company with the Maltese Companies Registry. This process is straightforward and can be done online. You need to provide some basic information about your company, ie. its name, registered office, and the names of the directors and shareholders.
3. Licenses and permits 📑
This depends on the type of business you are operating and the location where you're based. For eg., if you are operating a food business, you need to obtain a food handling license from the Malta Food Authority.
4. Start operating your business in Malta 🤑
This involves setting up a physical location (if needed), hiring employees, and marketing your products or services. Be aware of any local regulations and requirements that may affect your business and ensure that you are complying with them.
How much does it cost to establish a company in Malta?
€1,200 per company for a share capital. You must pay 20% upfront, along with a disbursement fee of €320 to the authorities, and professional fees.
Can a foreigner open a business in Malta?
Yes. Company formation and registration is open to anyone in Malta - there’re no restrictions to foreign ownership. Malta has one of the most business-friendly policies, it's easy for businesses to set up and operate on the island.
How easy is it easy to start a business in Malta?
Starting a business in Malta can be a rewarding experience. The process can be full of hassle and annoyance, but it's worth remembering what the end goal is. The country offers a number of advantages for entrepreneurs, including an advantageous tax regime and a pro-business government.
Good luck and let us know if you ever have any questions regarding the process! You can also go and find other expats at these pubs in Malta and ask them in person!