gambling license malta – gaming license malta – malta online gaming
Gambling License Malta: Malta Company
- Tax planning via a network of international tax advisers and attorneys
- Why form a company in a foreign country with a tax accountant specialized in international tax law?
- Basic Considerations regarding the Formation of Companies in „Zero-Tax Havens“ i.e. in countries that have not entered into Double Taxation Agreements with other countries
- Offshore Company Formation: Tax haven rankings
- Download all Company Information
- Index Gambling License Malta
- The Malta Remote Gaming regulations and the LGA
- Classes of Remote Gaming Licenses
- Gaming Tax & License Fees
- Application Process & Support
- Key Official Requirements
- Co-location Services
- E-Commerce Solutions
Company Formation Malta: Setting Up a Company in Malta
Setting Up a Company in Malta Using a Maltese Holding Company
Anyone who is not afraid of a somewhat time-consuming “tax refund process” and would like to set up an international holding company and trading company in Malta will find the conditions in Malta ideal. However, the fees for the rather time-consuming tax refund process must be included in the overall calculation. In addition, in the case of this fiscal model, two companies must be set up in Malta (a Maltese holding company and a Maltese trading company), which means double fees within the context of the setting up and management of the companies. In addition, a foreign public limited company should exist within the EU (e.g. a German limited liability company), as the owner of the Maltese holding company. In addition, the EU parent-subsidiary company directive comes into play, for the tax system only works, if a foreign public limited company (that is, a company outwith Malta) is the owner of the Maltese holding company.
In order to achieve a final tax rate of 5% the following preconditions would have to be met:
- the public limited company would have to be within the EU, in the country where the company has its head office, that is, a German public limited company, for example
- the setting up of a Maltese trading company (Malta Ltd) with one operational facility in Malta as the active company (which conducts the business)
- the setting up of a Maltese holding company. The public limited company is within the EU, that is the German public limited company is the owner of the Maltese holding company, for example (by virtue of the EU parent-subsidiary company directive). The EU public limited company now collects the dividends of the Maltese holding company tax-free. Germany is familiar with a corporation tax retention rate of 5%. The preconditions of the EU parent-subsidiary company directive must be met).
Maltese tax law now makes it possible for the holding company to apply for the repayment of the corporation tax paid by the ITC. Of the 35% transferred, the tax authorities will then refund 30.83%, whereby the money will flow more interestingly into the holding company. This results, in the end, in a total tax burden at company level of just 4.2%.
In the event of further dividends being paid to the foreign public limited company within the EU (the owner of the Maltese holding company), this public limited company collects the dividends of the Maltese holding company by virtue of the EU parent-subsidiary company directive tax-free, whereby Germany is familiar with a corporate tax retention rate of 5%. If a further distribution takes place to the owners of the foreign public limited company – provided these are natural persons -, then this is taxed according to domestic law, that is at a withholding tax rate of 25%, in Germany.
Our Services for Setting Up a Company in Malta – Maltese Holding Company Model
- setting up of the companies through a prestigious legal firm in Malta, entry in the register,apostille,certified translations
- on request or insofar as required: appointment of a trust director for the Maltese trading company and the Maltese holding company
- on request or insofar as required: setting up of a proper registered office in Malta
- arranging tax advisers in Malta for dealing with the accounts, advance VAT returns and the process for obtaining refunds
- preparation of suitable measures: resolution adopted by the partners of the EU public limited company (shareholders of the Maltese holding company) etc..
Alternative Models
With regard to tax models within the EU, the following models for setting up companies are worthy of consideration:
- setting up a company in Cyprus or Bulgaria (10% tax rates)
- setting up a company in the special EU zones of Madeira or the Canaries (tax rates from zero to 5%).
General Information
| Company Law | Companies Act 1995 |
|---|---|
| Type of Company | Private Limited Liability Company |
| Language of Legislation and Corporate Documents | English |
| Exchange Control | No |
| Length of Time to Incorporate | 3 to 5 working days |
| Government Registration Fee | Euro 349.41 for authorised share capital up to Euro 4,658.75 |
| Shelf Companies Available | No |
| Corporate Names | |
| Name Restrictions | Names identical or similar enough to create confusion, offensive or otherwise undesirable |
| Endings and Abbreviations Required | “Private Limited Company”, “Limited” or its abbreviation “Ltd.” |
| Length of Time to Verify Name Availability | Less then 24 hours depending on name similarity |
| Reservation of Names Permitted | Yes |
| Language of Name | Any language using the Latin alphabet |
| Name of Banks, Insurance, Investment Fund, Trust Company or their Equivalents Require Consent or License | Yes |
Capital and Shareholders
| Minimum Number of Shareholders | 2 (there are exceptional circumstances where one member is permitted) |
|---|---|
| Corporate Shareholders Permitted | Yes |
| Local Shareholders required | No |
| Disclosure of Shareholders | Yes (Anonymity can be retained through a licensed Fiduciary or Trustee) |
| Minimum Authorised Shares to be Issued | Euro 1,164.69 (one thousand one hundred and sixty four Euro & sixty nine cents) |
| Bearer Shares Permitted | No |
| Registered Shares Permitted | Yes |
| Number Par Value Shares Permitted | No – below this del |
Directors and Company Secretary
| Minimum Number of Directors | 1 |
|---|---|
| Minimum Number of Company Secretaries | 1 |
| Corporate Directors Permitted | Yes |
| Corporate Company Secretary Permitted | No |
| Local Directors / Company Secretary Required | No |
| Disclosure of Directors / Company Secretary | Yes |
| Appointment of Subsequent Directors / Officers | Yes |
Meetings
| Annual General Meeting of Shareholders Required | Yes – notice to be given to every member of the company and its auditor |
|---|---|
| Annual General Meeting of Directors Required | No |
| Location of Directors and Shareholders Meetings | Malta – for place of effective control & management |
| Adoption by Consent Permitted | Yes |
| Quorum Required for Purposes of Meetings | 2 members personally present shall be a quorum in so far as the articles of the company do not contain other provisions |
Local Requirements
| Registered Office / Agent | Yes / No |
|---|---|
| Register of Directors / Officers to be kept at Registered Office | Yes |
| Company Seal Required | No |
| Copy of Minutes to be kept at Registered Office | Yes or at any such place as may be specified in the memorandum of articles |
| Copy of Share Register to be kept at Registered Office | Yes |
Annual Requirements
| Minimum Annual Government Fee or Franchise Tax | Registration of an annual return, Euro 163.06 where the authorised share capital of the Company does not exceed Euro 11,646.87 |
|---|---|
| Requirement to File Annual Return | Yes (42 days after the date to which it is made up) |
| Requirement for Financial Audited Accounts | Yes |
| Requirement to file Financial Statements | Yes (ten months after the end of the relevant accounting reference period & 42 days) |
| Requirement to file Tax Return | Yes |
| Other Relevant Information |
Other Relevant Information
| Member of Apostille of the Hague Convention | Yes |
|---|---|
| Increase or Reduction of Amount of Issued Shares | By extraordinary resolution – restrictions may apply |
| Appointment or Removal of Director(s) | By ordinary resolution – restrictions may apply |
| Redomiciliation Permitted | Yes |
| Reinstatement at Registry | Yes, by Court order preceding striking-off |
| Removal from Registry | Following dissolution & consequential winding up |
| Corporate Tax | 35% however credit / refunds may apply to the shareholder(s) |
| Double Taxation Agreements | Yes, over 50 |
Gambling License Malta- Remote Gaming in Malta
Over the past years Malta has successfully established itself as a leading, serious and well-regulated European remote gaming jurisdiction and is estimated to host around 10% of the world’s on line gaming companies. The Government of Malta had carried out a complete revision and consolidation of the gaming legislation, and a new all-encompassing gaming law was enacted by the Maltese Parliament in virtue of which the Malta Lotteries and Gaming Authority (LGA) has been set up.
Gibraltar, Alderney and the Isle of man are other popular jurisdictions in Europe for licensing of remote gaming operations, however, Malta is the only jurisdiction that is an EU member state and thus the only country that in essence offers the possibility of “free movement of goods and services” within the huge EU market. In fact, according to May 2008 information prepared by the Lotteries and Gaming Authority around 95% of remote gaming operators come from Europe.
CSB Group offers a “one-stop-shop” service to Online Gaming Operators by assisting Clients in setting up / re-locating their Gaming Operation to Malta. CSB Group has been involved in the iGaming Industry since its inception in Malta, since 2000. CSB Group assists clients in submitting and pursuing a Gaming License application to the Malta LGA. Prior to submitting a Gaming License Application we will review the application and make sure all the required paperwork is in order. We will liaise with the LGA and keep our client updated of the progress of their application. We realise that clients have individual requirements and it is our policy to provide a service that is tailor made to each Client, both initially and on an ongoing basis year after year.