Cyprus- Entry Requirements for Ukrainian war refugees Cyprus- Entry Requirements for Ukrainian war refugees Kyriakos Tramountanellis x / Thursday, March 17, 2022 0 65 Article rating: No rating Cyprus- Entry Requirements for Ukrainian war refugees Read more
Upgraded Technology is Necessary in Hybrid Workplaces Upgraded Technology is Necessary in Hybrid Workplaces Kyriakos Tramountanellis x / Wednesday, March 9, 2022 0 176 Article rating: No rating Employees may return to work in earnest this year, but in a hybrid format. Most employees say they want to collaborate with coworkers in the office on occasion and work remotely on other occasions. But not if the experience is going to be painful owing to poor scheduling and unorganized workflow. Read more
Expat Attitudes Toward Employer Benefits Package are Affected by Covid-19 Expat Attitudes Toward Employer Benefits Package are Affected by Covid-19 Kyriakos Tramountanellis x / Wednesday, March 9, 2022 0 64 Article rating: No rating Expats in important global markets are becoming more aware of the elements in their workplace benefits package, according to a report by Aetna International. More than 9 out of 10 (92%) poll respondents thought having a workplace benefits package was more important now than it was before the outbreak. More than a third of expats (36%) said they valued their benefits package more after having to utilize it during the Covid-19 outbreak. Read more
4 strategies for attracting and retaining young employees in the tech industry 4 strategies for attracting and retaining young employees in the tech industry Kyriakos Tramountanellis x / Wednesday, March 9, 2022 0 143 Article rating: No rating Your entire organization must be committed to attracting millennial and Gen Z talent to your company. Prepare to make certain adjustments, such as implementing training programs, integrating technological developments, and implementing work-life balance efforts. Read more
How will the Russian invasion of Ukraine Affect Cyprus? How will the Russian invasion of Ukraine Affect Cyprus? Kyriakos Tramountanellis x / Wednesday, March 2, 2022 0 58 Article rating: No rating In this short article we express our opinion on the potential economic impact of the Ukrainian crisis on Cyprus. Read more
Company Formation - Malta Share Written By CYAUSE LTD Tags GCSGCS MaltaMalta businessMalta companyMalta incorporationMalta taxes 2022-04-20 Company Formation While company formation might seem like a daunting process, opening a company in Malta has various advantages. Our exceptional team at GCS Malta has outlined all the necessary steps and information you need to open a company in Malta. Types of companies in Malta Foreign enterprises wanting to set up a company in Malta can choose between different types of business entities according to the Maltese Companies Act, and depending on their needs: Private limited liability companies – the most common business form in Malta Public limited liability companies – can also be used by large businesses; General partnerships – suitable for small and medium-sized businesses; require at least two members with unlimited liability Limited partnerships – can be used similarly to general partnerships but requires at least one member with unlimited liability and one with limited responsibility Sole proprietorships – Fit for people carrying out business activities in their own name Investment companies – such as the SICAV (open-ended collective investment scheme) and INVCO (closed-ended collective investment scheme) Foreign businesses can choose between subsidiaries, liaison offices and branches in Malta. Requirements to open a company in Malta After choosing the proper structure, check out the requirements necessary to open a company in Malta: Deposit a minimum share capital depending on the type of company chosen Comply with the regulations applicable to company shareholders and directors according to their residency Appoint company secretaries Have a registered address for your company in Malta The Company Formation process Name Reservation (valid for three months) After deciding on a company name, a reservation valid for three months will be issued. After that, the name will be approved by the Registrar. If a private company, the name must end with ‘private limited company’, ‘limited’ or ‘ltd.’ If a public company, the name must end with ‘public limited company’ or ‘plc.’ Adoption of the Memorandum and Articles of Association The Memorandum and Articles of Association is a required contractual document that includes key information about the company such as company name, company directors, capital subscribers etc. The documents are then submitted to the Registrar of Companies in Malta. Deposit the minimum share capital with a Maltese bank The next step would be to deposit the share capital in an account opened with a bank in Malta. The minimum authorized capital for a private company is €1,164.69, and at least 20% of the issued shared capital must be paid upon signing the Memorandum of Association of a company. For a public company, the amount needs to be at least 25% of the issued share capital with a minimum of €46, 587.47 Issue of Certificate of Registration by the Registrar of Companies in Malta The last step would be to file the application and necessary documents with the Trade Register. Why Malta? A sound banking system English-speaking educated workforce Reputable jurisdiction and investor-friendly Low-tax jurisdiction but is not an offshore tax haven A highly ranked financial centre with a stable economy An extensive network of Double Taxation Agreements worldwide Low VAT rate and easy VAT registration of trading companies Possibility of re-domiciling/continuing a company into and out of Malta A competitive tax regime with the possibility of a 5% effective tax rate for non-Maltese resident shareholders Since Malta, is a member of the European Union since 2004, Maltese companies provide an effective solution as a European Union based company of choice All financial services fall under one regulator (MFSA), which is easily accessible, and companies can benefit from streamlined procedures, reduced bureaucracy and lower regulator fees Transfer of shares in a Malta Company usually is tax-exempt for non-residents provided that the Company owns no immovable property in Malta Why GCS Malta? Interested in setting up a company in Malta? At GCS Malta , our highly experienced corporate department can set up your company within 1 to 2 days from agreement on the contents of the Memorandum and Articles of Association. Contact us today to start the process and for more information on all our services. Written by Sarah Jane Gauci