How to close a Maltese company

It’s quick, simple, easy!

Closing a Maltese company is very straightforward.

As a non-resident shareholder you have decided to close your Maltese company and put it into liquidation. It could be you no longer need your Maltese company or that the purpose for your Maltese company being opened has now been completed or changed. Perhaps financially it doesn’t make sense to maintain a Maltese company or maybe you have simply decided to retire.

Whatever the reason, there are rules and procedures to be followed before you can successfully close and liquidate your company in Malta.

By keeping things simple and easy, and ensuring everything goes as quickly and as efficiently as is possible, we will help you to close your company. After all, our mantra is quick, simple and easy.

Based on our experience, most non-resident shareholders ask for a voluntary liquidation of their Maltese company for the reasons stated above. To do so, the shareholders must pass a resolution to liquidate the company. Thereafter the process is relatively straightforward provided the rules and procedures are adhered to.

We will help you with all the paperwork required.

We will appoint an auditor for you and in turn the appointment of someone to liquidate the company. We will work with you throughout the whole liquidation process.

With everything done correctly and all the required paperwork presented on time and with no complications you should expect company closure in around three to four months. The actual process includes the following:

• Within 14 days of the decision to close the Maltese company a submission with the required paperwork must be made to the registry of companies
• All the company’s financials must be audited up to the date of liquidation including annual returns to the mfsa if needed. An auditor must be appointed to finalise the accounts and the liquidation accounts must be prepared and submitted
• Any pending balances due to vat, tax or the registry of companies or any outstanding fines due must be settled for liquidation to proceed
• Vat numbers, bank accounts and any assets need to be liquidated and liabilities such as outstanding tax payments need to be settled
• The liquidation notice is published in the local newspaper
• If the company employs people in Malta it will need to deregister with social security
• Make an application to the registry of companies to be removed from the companies register and we apply to the inland revenue for a tax clearance certificate

Let us help you close your Maltese company. We will guide you through the procedures and work closely with you to ensure liquidation is stress free and completed as quickly as possible.