Malta Company Formation

The Republic of Malta is an archipelago of seven islands, a member of the EU. It is located in the Central Mediterranean Sea, close to Italy, Libya, and Tunisia. Malta’s proximity to different markets and user access make Malta an attraction for an international business opportunity.

Malta is an independent sovereign state, enjoying traditional political, economic, and social stability. Malta is a member of the United Nations, the European Council, and the Commonwealth. Through its policy of neutrality and non-accession, Malta maintains friendly relations with all countries.

Although Malta is a civil law jurisdiction, all modern laws, including company law, tax, and maritime law are modeled after their UK counterparts. Malta has adopted a fiscal and legislative framework with a specific focus on sectors such as e-commerce, e-gaming, and banking.

You have at your disposal several types of companies that can be incorporated in Malta: private limited liability companies, international companies, international holding companies, offshore companies, general partnerships, branches of the company, or trusts abroad.

Malta’s jurisdiction has signed double taxation treaties with more than 60 countries, including almost all major OECD countries, and most of the treaties allow for compensation against local taxes. What makes Malta’s jurisdiction a fiscally efficient location for non-resident shareholders is the system of full tax deduction and tax refund provisions.

The offshore company established in Malta has been progressively taken over by the presence of international trade and holding companies. Malta has different forms of offshore entities that are limited in terms of the trade they can conduct in their jurisdiction, but not in terms of the conduct of business in Malta.

What sets our service apart from others?

Szilaghi Consulting is the premier choice for opening your gambling company in Malta. With their extensive knowledge of the local gambling industry and regulatory landscape, they provide unparalleled expertise and guidance throughout the entire process. Their experienced team ensures compliance with all legal requirements, streamlining the incorporation and licensing procedures. Szilaghi Consulting offers personalized solutions tailored to your specific needs, helping you navigate complex challenges and maximize your chances of success. Trustworthy, reliable, and committed to client satisfaction, Szilaghi Consulting stands out as the best company to guide you in establishing your gambling business in Malta.

To incorporate a gambling company in Malta, you will need to follow the legal procedures and requirements set forth by the Malta Gaming Authority (MGA). Here’s a step-by-step guide to help you get started:

• Understanding the Regulatory Landscape: The foundation of Malta’s success as a gaming jurisdiction lies in its robust regulatory framework. The Malta Gaming Authority (MGA), established in 2001, is responsible for regulating and overseeing all gambling activities in the country. Understanding the regulatory landscape is crucial before embarking on the incorporation process. We will explore the various types of licenses available, including B2C (Business-to-Consumer) and B2B (Business-to-Business) licenses, the licensing fees, and the comprehensive application process.
• Choosing the Right Corporate Structure: Selecting the appropriate corporate structure is vital when incorporating a gambling company in Malta. We will discuss the options available, such as setting up a limited liability company (LLC), a partnership, or a branch of an existing company. Understanding the legal implications, tax considerations, and liability protections associated with each structure will help you make an informed decision aligned with your business goals.
• Establishing a Physical Presence in Malta: To comply with Maltese regulations, incorporating a gambling company in Malta requires establishing a physical presence on the island. We will explore the key aspects of setting up a local office, obtaining necessary infrastructure, recruiting local talent, and opening a local bank account. Additionally, we will discuss the importance of having a solid operational plan that aligns with the regulatory requirements and demonstrates a commitment to the Maltese market.
• Licensing and Compliance Procedures: Acquiring a license from the MGA is a critical step in establishing a gambling company in Malta. We will delve into the comprehensive licensing process, which involves submitting a detailed application, providing financial information, demonstrating compliance with anti-money laundering (AML) regulations, and outlining responsible gaming policies. Compliance with technical requirements, player protection measures, and audit obligations are essential aspects to be addressed during the licensing process.
• Tax Considerations and Benefits: Malta offers a favorable tax regime for gambling companies, making it an attractive destination for incorporation. We will explore the tax benefits, including the reduced gaming tax rates, the participation exemption, and the availability of double taxation treaties. Understanding the tax implications and leveraging the benefits will enhance the profitability and competitiveness of your gambling company.
• Leveraging the Malta Gaming Ecosystem: Malta has developed a thriving gaming ecosystem that extends beyond its regulatory framework. We will discuss the benefits of being part of this vibrant ecosystem, which includes access to industry events, networking opportunities, partnerships with service providers, and collaborations with educational institutions. Embracing this ecosystem will enable your gambling company to thrive and innovate in the competitive gaming industry.
• Ongoing Compliance and Responsible Gaming: Maintaining compliance and fostering responsible gaming practices are essential for the long-term success and sustainability of your gambling company. We will discuss the ongoing compliance obligations, including regular reporting, audits, and inspections by the MGA. Additionally, we will explore the importance of implementing robust responsible gaming measures to protect players and mitigate potential risks associated with gambling addiction.

Incorporating a gambling company in Malta presents a myriad of opportunities for entrepreneurs seeking to establish a foothold in the lucrative global gaming market. The comprehensive regulatory framework, favorable tax regime, access to a thriving gaming ecosystem, and the strategic location of Malta make it an ideal destination for gambling ventures. By understanding the legal requirements, carefully navigating the licensing process, and prioritizing compliance and responsible gaming, entrepreneurs can unlock the potential for success in this premier gaming jurisdiction. Embark on your journey to incorporate a gambling company in Malta, and seize the opportunities that await in this thriving industry.

Remember that the process of incorporating a gambling company in Malta can be complex and time-consuming. Working with an experienced legal advisor or corporate service provider who specializes in the gaming industry is highly recommended to ensure a smooth and successful setup.

Some of the characteristics of an offshore company in Malta are:

• can be registered with the VAT number for trade for the EU, if necessary;
• the minimum mandatory number of directors is one, which can be both an individual and a corporation;
• the offshore company must have a resident secretary;
• it is necessary for the offshore company to submit the annual declarations;
• information about shareholders and directors is public;
• the audit is mandatory;
• the country is a full member of the EU;
• there are no regulations on the control of foreign exchange;
• offshore companies pay a fixed tax of 5% on income worldwide;
• there are laws on professional secrecy and confidentiality;
• The country also enjoys excellent global communication facilities which are very important for the operation of an offshore company.

General Information

Entity type		Limited liability company
Applicable legislation		Common law
Availability for company without activity (shelf company)		Yes
Registration time		1 day
Corporate tax		Transparently from a fiscal point of view
Access to Double Taxation Treaties		Yes

Requirements for share capital
Standard currency		Euro
Allowed currency		All
Minimum paid capital		N/A
Authorized current share capital		1,165 Euro

Directors
Minimum number	1
Locally registered director	Yes
Official documents publicly available	Yes
Meeting locations	Anywhere

Shareholders
Mimimum number		2/1
Official documents publicly available		Yes
Meeting locations		Anywhere

Company Secretary
Registered	Yes
Local or qualified	Local

Accounting
Obligation to prepare documentation		Yes
Audit requirements		Yes
Obligation to submit accounts		Yes
Publicly accessible accounts		Yes

Recurring state costs
Minimum annual tax / license fees		N/A
Annual income tax filing fee		100 EUR

Other
Obligation to submit the annual income statement		Yes
Change of address allowed		Yes