Directorship & Management
A private company registered in Malta is required to have at least one director. Directors manage all the business of the company, with the exception of business that falls within the competence of general meetings. There is no requirement that the director of Maltese company has to be a Maltese resident.
The Memorandum of Association must specifically state the number of directors as well as the identity of the first directors of a company. Subsequent directors are appointed by ordinary resolution at general meetings by the shareholders of a Malta company. The office of a director in a Malta company may terminate by means of resignation, removal, disqualification, or expiration of office. A director is removed by an ordinary resolution at a general meeting.