General Information - Nexia BT

General Information

/General Information
General Information 2018-04-09T12:24:29+00:00

Name

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.

Objects

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.

Shareholders

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.