pay tax

Registering for tax in Malta is no different from other countries and it actually comes with a number of benefits. Every business operating in Malta is mandated to register for tax with the Department of Inland Revenue in Malta in order to legally operate on the market. To be recognized as a taxpayer, you should obtain a Maltese PE number, which is also issued out by the department of inland revenue. This will allow you to legally retain and pay taxes for both your company and for your employees.

Digital currencies such as bitcoin, have made a lot of buzz in the media over the past few years. However, it is only now that these cryptocurrencies have begun to be understood by ordinary citizens let alone to be trusted. Malta has not chosen to fall behind in accommodating the new currency. The state already set up a tax scheme for revenues that involve cryptocurrency investments.

Value added tax is the tax that is charged progressively according to the increase in product value. It is important to note that all entities in Malta, partnerships included and natural persons are obliged to register with the VAT office in order to comply with the Maltese VAT legislation of 1998.

The "en nom" collectif in Malta, popularly known as a general partnership all over the world is very easy to set up and requires fewer formalities compared to a limited liability company. The upside to investing in partnerships in Malta is that even if you are a foreign investor, you will enjoy the same rights as Maltese investors.

Registration of partnerships in Malta follows the stipulations of the the Companies Act of 1995. The types of partnerships that can be formed in Malta are:

• general partnerships (partnership “en nom collectif”) and,
•  limited partnerships (partnership “en commandite”). 

All commercial partnerships are considered separate legal entities by law and they are regulated by the Trade Register.

Malta is a generally business-friendly country. The Maltese government is in full support of the business sector and it offers a lot of business opportunities and incentives for investors who want to set up a business in Malta. One of the first and most crucial steps in company creation is the selection of a legal structure (company type). There are many company types in Malta and before committing to one, you should evaluate all your options.