The following are the fees payable by our compatriots when incorporating companies and doing business in the island.
Non-recurring fees | |
Incorporation of a company in Malta (including a participant register, share certificates, provision of a tax number and exemption from the dividend disbursement tax (DDT) as applicable) | € 3,600 |
Two-level structure (holding company / subsidiary company) | € 6,400 |
Opening a local bank account [1] | € 2,500 |
Online tax returns, incorporation certificate and VAT declarations) | € 350 |
VAT registration | € 1,000 |
Annual fees | |
Registered office | € 1,625 |
Fiduciary fees | € 2,400 |
Corporate director | € 2,200-4,000 |
Company secretary | € 1,750 |
Minimum administrative fee [2] | € 1,500 |
Preparation and submission of an annual report | € 1,600 |
Updating accounts | Accounting hourly rate is applied |
Preparation of annual financial statements | € 1,500 |
Preparation, calculation and filing of a tax return | € 1,500 |
Filing of a VAT declaration | € 850 / quarter |
Final VAT declarations (as applicable) | € 300 / per declaration |
Payment due to contracting an auditor | To be announced |
Beneficial owner registration | € 350 – direct ownership Авиаперелеты на спортивные события € 550 евро – 1 level ownership |
Other fees | |
Filling in a CRS form | € 450-650 |
Filling in a FATCA form | € 750 |
Charge for a responsible FATCA officer (annually) | € 1,450 |
Hourly rates | Experienced staff |
Administrative services | € 160 |
Accounting services | € 160 |
Services on accounting/tax matters | € 220 |
Secretarial services | € 220 |
Governance services | To be discussed additionally |
Advice on legal / tax matters | To be discussed additionally |
[1] The account opening fee depends on the structure and scope of documentation required by the bank for know-your-customer purposes. If the time spent on opening a bank account exceeds the expected limit, administrative hourly rates are applied.
[2] Administrative services are charged at a minimum annual rate of €1,500. Additional hours are charged according to our administrative hourly rates.
Notes:
- Any services in excess of the company’s customary practice are rendered subject to our involvement and charged on an hourly basis.
- The above-mentioned fees do not include charges payable to Malta’s Company Registrar or the customer’s out-of-pocket payments.
- The fee for incorporation of a company in Malta payable to Malta’s Company Registrar is non-recurring and varies from € 245 to € 3,250 depending on the authorized share capital.
- The annual registration fee is payable to the Company Registrar. For companies with an authorized share capital of up to € 1,500 the fee is € 300 per year (maximum fee is € 2,400).
- The above-mentioned fees (except for those payable to the Company Registrar) are subject to 18% VAT.