Starting business in Malta? Re-domiciliation or Company Formation?
Re-domiciliation is a way in which an entrepreneur can move his existing company from one jurisdiction to another, in this case Malta.
As a licensed company service provider in Malta, we frequently guide and assist clients in registering their companies with the Malta Business Registry – either as a re-domiciling process or as a new company incorporation.
The process of Re-Domiciliation
Re-Domiciliation can be attractive for businesses looking to preserve their corporate history, brand identity, existing contracts, or in some cases corporate bank accounts. Apart from that, this allows the company to retain their assets and liabilities, potentially making a transition easier, especially for businesses with complex structures or substantial investments.
The complex aspects of Re-Domiciliation
Despite the above benefits, a transition brings about various complexities, since re-domiciliation needs to be compliant with legal requirements in the original jurisdiction as well as in Malta. Apart from that this process requires a review of the company's financials, assets and liabilities, which may result in unforeseen delays and additional costs.
The advantages of a fresh start in Malta
On the other hand, company formation in Malta is a simpler and more flexible solution. This is done through a registration process with the Malta Business Registry, one which our team is very skilled at. This gives you the opportunity to re-design your corporate structure and operational framework to make the most out of Malta's business and tax environment. A clean new start may also be less cost-intensive.
Taking an informed decision
Company Formation and Re-domiciliation both have their advantages, choosing between the two depends on your business' goals. If you wish to preserve your company's history and continue its legacy, re-domiciliation can be the way to go. However, if your aim is that of obtaining a streamlined and efficient way of establishing your presence in Malta, then company formation is most probably your choice to make.
If you wish to pursue one of these compelling processes for your business, or if you require further clarity on which option is the more suitable one for you and your business, please contact us at Dr Kresse International Law Firm and Kresse Corporate Ltd. We can direct you accordingly.