The name of a private company must end with the words ‘Ltd.’ whereas a public company must have ‘p.l.c.’ at the end. Naturally, a company name must not be identical, or even similar, to the name of another company already in existence.
Company names may be reserved with the Registrar of Companies for a period of 3 months.
The Memorandum of Association must specify the objects for which the company is set up.
The objects may not be simply stated to be any lawful purpose or trade in general.
Every private company must have one shareholder who may be individual or corporate entity.
A private exempt company may, on the other hand, opt to have a single shareholder as long as it is not a corporate entity.
There are no nationality requirements as to both the shareholders and directors. However, if the shareholders are non-EU residents, the Malta Financial Services Authority (MFSA) requires a banker’s reference for each shareholder to determine that they are competent and financially sound.
Disclaimer: Nexia BT is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.
This marketing material has been issued by Nexia BT, having registered address at The Penthouse, Suite 2, Capital Business Centre, Entrance C, Triq taz-Zwejt, San Gwann SGN 3000, Malta. Any information within this brochure should be taken as a general guide only and should not be taken as advice and its application to specific situations will depend on the particular circumstances involved. Readers are recommended to seek professional advice and should not rely on information provided in this brochure as a substitute for such advice. While all reasonable attempts have been made to ensure that the information contained herein is accurate, Nexia BT accepts no responsibility for any errors or ommissions it may contain, whether caused by negligence or otherwise, or for any losses, however, caused, sustained by any person that relies upon it. BTI Management Limited is a registered as a Company Service Provider by the Malta Financial Services Authority. BT International Limited is authorised by the Malta Financial Services Authority to provide fiduciary services which do not include acting as a Trustee. Both companies form part of Nexia BT Group.
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