Prikhodko&Partners
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Business registration and support in the EU
Business setup and support in Malta Accounting support for business in Malta

Mykola Sirenko

Lawyer

E-mail

sirenko@prikhodko.com.ua

Phone numbers

Expert in corporate and international corporate law. Has extensive experience in supporting the acquisition of financial licenses in Ukraine, as well as business incorporation in the EU, the United Kingdom, Switzerland, the UAE, and key Asian jurisdictions.

Accounting support for business in Malta

Malta has long been a leading jurisdiction attracting international business, especially among non-residents of Malta. Thanks to its favorable tax regime, EU membership, and developed financial infrastructure, the country has become a reliable platform for companies operating in the European and global markets. However, one of the key conditions for the successful functioning of a business is, of course, proper accounting and compliance with all local legislation.

Our team at the Law Firm “Prikhodko & Partners” provides comprehensive services in Malta, including accounting support services in Malta, helping clients avoid fines, optimize the tax burden, and ensure transparent financial reporting for investors, banks, and regulatory authorities.

Why is accounting support in Malta of strategic importance?

Accounting is not only a tool for reflecting financial transactions. For businesses in Malta, it is also the key to interacting with tax authorities, banks and potential partners.

Compliance control. Maltese companies are required to submit annual financial statements and undergo an audit (in most cases).
Tax transparency. Malta is known for its unique mechanism for tax refunds to shareholders, which allows you to effectively reduce your tax burden. Without proper accounting support, it is almost impossible to take advantage of these benefits.
Financial reputation. Timely and high-quality reporting increases the trust of counterparties and facilitates the process of opening bank accounts.

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What are the main accounting requirements in Malta?

Accounting is regulated by the Companies Act and is based on International Financial Reporting Standards (IFRS). Key requirements include:

Financial reporting. Companies are required to file annual accounts with the Registrar of Companies each year.
Audit. Most companies are required to undergo an annual audit, with the exception of small businesses that meet criteria regarding turnover, assets and number of employees.
Tax returns. Legal entities file annual tax returns, including corporation tax.
Document retention. Accounting books and primary documents must be retained for at least 10 years.
Accounting language and currency. Documentation is maintained in English and financial statements are prepared in euros.

It will also be useful: Company Registration in Malta

Tax aspects

Malta is known for its flexible approach to corporate taxation. The nominal corporate tax rate is 35%, but thanks to the tax refund system, the effective rate can be reduced to 5-10%. This is one of the main reasons why foreign companies choose Malta.

Please note that in order to properly use tax benefits, professional accounting support is required, which includes:

preparation and submission of corporate tax returns;
application of the tax refund mechanism to shareholders;
analysis of double taxation in accordance with international conventions;
planning of financial flows within a group of companies.

As previously noted, our team provides a full range of services necessary for business in Malta:

Accounting in accordance with IFRS and the requirements of Maltese legislation;
Preparation and submission of financial statements to the Register of Companies;
Audit support – interaction with auditors, preparation for inspections;
Tax planning and consulting, taking into account optimization mechanisms;
Preparation and submission of tax returns;
Personnel and payroll accounting, including employee registration;
Interaction with banks to confirm the client’s financial stability.

Our Law Firm “Prikhodko and Partners” has extensive experience working with international projects and foreign investors. Our clients receive:

Expertise. We combine knowledge of local legislation and international standards.
Comprehensive approach. We provide not only accounting support, but also legal and tax advice.
Transparency and confidentiality. We ensure maximum security of data and client interests.
International experience. Our team supports businesses in different jurisdictions, which allows us to take into account transnational aspects.

Price of legal assistance

Why should you pay attention to Malta?

Malta remains one of the most attractive financial centers in Europe due to a combination of the following factors:

low effective tax burden;
stable legal system based on the British model;
beneficial double taxation agreements with more than 70 countries;
positive image in the international business community.

That is why it is important for many companies not only to register a business in Malta, but also to ensure its proper accounting support, which will be the key to long-term development.

Accounting support in Malta is a key tool for effective business management and risk minimization. It allows you to not only comply with local legislation, but also take advantage of the Maltese tax system. That is why proper accounting support for your business in Malta is a matter of principle, not only in terms of standard business support, but also in connection with the possibility of taking advantage of the Maltese tax system for non-residents of Malta.

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1 question

Do you have an operating business in Malta?

Yes

2 question

Do you have a new business in Malta?

Yes

3 question

Are you in Malta?

Yes

Can a non-resident register a company in Malta?

Yes, a foreign national may be a shareholder and director of a Malta Ltd. During registration, corporate KYC must be completed and documents confirming identity, residential address, source of funds, professional experience and the company’s future activities must be provided.

Do I need to travel to Malta in person?

No, the company can be registered entirely remotely. We prepare the necessary powers of attorney under which our local partners and lawyers carry out all registration actions on your behalf.

Can a Maltese company really pay only 5% tax?

The standard corporate tax rate is 35%. After payment of the tax and distribution of dividends, a shareholder may, in certain cases, receive a refund of part of the tax, which may reduce the effective burden for certain qualifying income. The 5% rate is not automatic and depends on the type of income, structure and compliance with procedural conditions.

Is it mandatory to appoint a Malta-resident director?

There is no general requirement for an ordinary Malta Ltd to appoint a local resident director. However, the composition of the board and the place of effective management affect substance, tax residence, banking compliance and the ability to use certain tax mechanisms.

Who is a local company secretary and why is one required?

Every Malta Ltd must have a company secretary. The company secretary ensures the maintenance of corporate registers, preparation of resolutions and monitoring of deadlines for filing the Annual Return and other documents with the Malta Business Registry. This is not the same as a director or nominee owner.

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Average rating:

5/5 | Based on 45 reviews

I contacted them because of the spread of false information on the Internet. The lawyers responded promptly and helped protect my reputation. I am satisfied with the result.

The team supported the case to protect the company’s business reputation. Everything was clear, well-reasoned, and with an understanding of the specifics of the business.

They helped resolve a conflict with an employee without going to court. Everything went as smoothly as possible and within the framework of the law. We are grateful for the professional approach and support.

We are very satisfied with the cooperation in the field of grants. Grant manager Mykola accompanied the entire process “turnkey” and always explained each step. You can feel the experience and practical approach.

We asked for help in preparing a grant application. We received not only full support, but also valuable recommendations on the structure of the project. As a result, our business was successfully financed. Thank you very much!

Thanks to the support of “Prіkhodko and Partners”, we successfully participated in public procurement for the first time. The lawyer helped us prepare documents correctly and avoid typical mistakes.

We had a difficult situation with appealing the tender results. The team quickly got involved in the process and helped defend our position. Very strong expertise in tender law.

We contacted the Law Firm “Prіkhodko and Partners” in a complex commercial dispute with a counterparty. The team quickly analyzed the situation, built a strategy, and helped defend our interests in court. The professional and systematic approach is immediately noticeable.

We work with the company on an ongoing basis. We especially appreciate the attention to detail and the ability to prevent risks before they arise. This is exactly the case when lawyers really help save business money.

We turned to Taras Miroshnychenko to prepare a Legal Opinion in a complex case regarding loot boxes for the trial. The document was prepared at a highly professional level, taking into account international regulations and EU case law. This significantly strengthened our position in court.

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International corporate law