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xpand Your Business in Malta

Currency:

Euro (EUR)

Official Language:

Maltese (English widely used in business)

Ease of Doing Business:

High – Ranked 88th in the World Bank’s Ease of Doing Business 2020 report

Average Time to Set Up a Business:

5–10 days

Corporate Tax Rate:

35% (effective tax rate as low as 5% with tax refund schemes)

VAT (Standard Rate):

18%

VAT Registration Threshold:

€35,000 for services, €20,000 for goods

Dividend Tax Rate:

0% (if refunded under tax imputation system)

Personal Income Tax Rate:

Progressive (0%–35%)

Company + Employer Contributions:

Social security contributions of 10% from employees and 10% from employers

Minimum Share Capital:

€1,165 for private limited companies (Ltd)

Bank Account:

Mandatory for company formation; can be in EUR or foreign currencies

Accounting Requirements:

Annual financial statements, VAT returns, and corporate tax filings

Audit Requirements:

Mandatory for companies exceeding €50,000 in turnover

Business License:

Required for certain regulated activities (e.g., finance, gaming, pharmaceuticals)

Immigration Policy:

Business visas and residence permits available for foreign investors

Compliance Requirements:

Tax filings, annual reporting, social security contributions, and adherence to local labor laws