Malta is proving to be a heaven for retired people. With the coming of retirement programs that are directed at foreigners looking to settle in the country, one should be creative in coming up with a business idea that targets these individuals. If you are a foreigner, you might think that setting up a company in the country is difficult. You will be surprised to know that it is easier and simpler than it is in most other countries. The best thing is that you can go for a private limited or a public limited company setup if you want.
So, you first have to decide whether you want a private or public Malta company set up. Depending on the structure you pick, there might be a few things different. However, you have to keep in mind that the overall procedure of starting your company in the country remains fairly straightforward. If you want to go for a public limited liability company, make sure you and another shareholder has at least €46,600 as share capital each. Once you have established that, you will have to prepare to spend 25% of that amount at the time of setting up the company.
Of course, you can be on the national financial market to sell your shares if you are a public company. But, you must make sure that you have a board of directors with more than one director. If you do not fulfill this particular criterion, you will not be able to get registered as a company. Setting up a private company is even easier with the capital share being only €1,165. Make sure you have register an office in Malta, appoint a secretary for legal matters, and have a director plus two shareholders to register the private setup. Be sure to check the lists of documents you require to set up different company structures in the country.