Redomicile Your Company to Malta
Foreign Company Re-domiciliation to Malta
The re-domiciliation of companies registered in foreign jurisdictions to Malta has been made possible through changes made in the Maltese Companies Act 1995, during the year 2002. This means that a company requiring the transfer of their operations to Malta need not liquidate the foreign company and register a new one in Malta. Instead they can move their domicile to Malta whilst the legal entity originally formed in the foreign jurisdiction remains in existence.
The effects of such a move is that it does not create a new legal entity, but instead moves the original entity from one legal jurisdiction to another. Such a company will still retain all its assets, rights, obligation and liabilities it had in its original country of registration. Furthermore any legal proceedings instituted by or against this company will not be affected. Neither will the company officers be released from any of the obligations, judgment, convictions, rulings, order, debt or liability that was or becomes due on any cause existing against them.
Applications for re-domiciliation to Malta will not be entertained if they originate from companies that:
- Are in dissolution or are being wound up
- Insolvency proceedings, arrangements, compositions, recovery and similar proceedings have been commenced by or against them
- A liquidator or special administrator or receiver has been appointed
- There is a scheme or order suspending or restricting creditors‘ rights
- There exist proceedings against it for breach of any law in the country of its original incorporation.
For further details and information on how to redomicile your foreign company to Malta and benefit from the Maltese tax system kindly contact us, we will respond to your query within 24 hours.