Malta - LLC (Limited Liability Company) Establishment Guide

 

Estimated Time Required (Incorporation):

10-15 business days after all documents are obtained.

After confirming that the basic requirements of the Maltese company law are met and receiving the signed corporate documents, the incorporation will be completed in 10-15 days.

 

Service includes:

1. Corporate registration and government fees (Malta Business Registry and Malta Financial Services Authority)

2. Preparation of articles of association

3. Preparation of shareholder appointment agreement

4. Preparation of power of attorney for registration of corporate documents with the MBR

5. Submission of articles of association and related incorporation documents to the MBR

6. Provision of certificate of incorporation and registered articles of association

7. Preparation of organizational chart, list of shareholders, list of directors and list of beneficial owners

8. Preparation of resolutions of the board of directors regarding the appointment of directors, registered business sites, and other matters.

9. Registration with the competent tax office for the purpose of filing corporate tax and value-added tax (VAT) returns.

8. Provision of a list of shareholders for the business site.

9. Preparation of share certificates.

10. Provision of the registered business site address (for one year).

11. Provision of secretarial services (for one year).

12. Provision of certified copies of corporate documents.

13. Delivery of corporate documents

14. KYC/CDD (Know Your Customer and Customer Due Diligence)

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Costs:

LLC establishment + management costs for the first year: USD5,300 (View in KRW)

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Annual renewal costs (from the first year after establishment): USD3,650 (View in KRW)

 

Annual renewal includes:

1. Provision of registered business address (1 year)

2. Provision of secretarial services (1 year)

3. Preparation and submission of annual return

4. Submission of annual return Government cost

 

Accounting/tax services (based on 25 or fewer transactions per year):

1. Bookkeeping and reconciliation: USD 1,750 (1 year)

2. Preparation of the general ledger, trial balance, and financial statements: USD 2,350 (1 year)

3. VAT declaration: USD 400 per quarter

4. Arrangement of accounting audit, tax return, and tax refund application: USD 3,500 (1 year)

 

 

Requirements and documents to be prepared for incorporation:

1. A copy of the shareholder/director's passport

2. Original verification of the shareholder/director's passport

- Korean passport: English passport copy certificate (issued by the district office or city hall) (View sample)

- Passport of other countries: Certified True Copy or Notarial Certificate (View sample)

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3. Two types of proof of address in English for the shareholder/director within the last three months

- Living in Korea: English certified copy (resident center) + front and back scans of driver's license (View sample)

- Living in another country: Utility bill + bank statement (or equivalent official document) (View sample)

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4. Expert recommendation letter (Request to write an expert recommendation letter)

- Those who can sign a letter of recommendation: Accountants, lawyers, judicial scriveners, tax accountants, labor consultants, administrative scriveners, insurance agents, financial planners, financiers, doctors, professors, employers, and others (View sample)

 

5. Fill out the application for incorporation

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Procedure:

1. Submit the required documents of the shareholders/directors to be registered

2. Pay the incorporation fee

3. Confirm the availability of the company name and finalize it.

4. Sign the incorporation documents prepared by CJ and send them by international mail.

5. Receive the documents and proceed with the establishment.

6. Complete the incorporation.

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* If you wish to open an account after the establishment, please contact us in advance.