| ||||
MALTA INTERNATIONAL TRADING COMPANIES OFFSHORE COMPANIES
Prior
to 1996, Maltese law admitted two basic forms of corporate structure which
were available to non-residents who wished to register a Maltese company
for commercial or asset holding purposes. These were (i) the onshore
company with an issued share capital of Lm10,000 (USD25,000) and (ii) the
low-tax (5%) offshore trading or zero-tax non-trading company. THE NEW ONSHORE REGIME
In
1996, in view of the closure of the offshore regime, a new form of company
structure was introduced to cater for the growing demands of non-residents
who wished to establish their business or holding interests in Malta. The International Trading Company (ITC) is a normal onshore Maltese company with no distinction from other local companies. ITCs are taxed at the normal corporate tax rate of 35%. HOWEVER, non-resident shareholders may benefit from partial refund of tax, potentially reducing the incidence of tax to 4.17%. Links:
Directory of Trustees, Fiduciaries and Trust Advisors in Malta Directory of Company Formation Agents and Lawyers in Malta
|
|
|
BACK | ABOUT US | CONTACT US | ADVERTISE | LINK TO US | SUGGEST A SITE | RATE US | VOTE FOR US | TOP
|