Most industrial activities need to be licensed for a variety of different reasons such as public health and safety, or to reduce the risk of pollution.
Local government is the only body that currently issues licenses for commercial activities. Building licenses and user licenses for private works are governed by legislation, specifically legislation on regional planning and urban construction.
Some activities that require licensing:
We highlight here some of the most relevant legal aspects of companies in Malta.
The company must appoint a secretary who may be a natural person of any nationality or a company. The law does not require the Secretary to be a Maltese resident, but it is advisable, given their duties and responsibilities.
A capital contribution is a contribution of funds or assets to a company by the company's shareholders. The contribution increases the shareholders' stake in the company's capital. Although additional capital is introduced into the company, the shareholders do not receive shares in return and are not creating debt.
Private limited companies are managed and run by one or more managers/directors, while public limited companies are managed and run by two or more managers/directors. They must be named in the articles of association or appointed (and dismissed) later by shareholder resolution.