The decision to establish a company is often preceded by a great amount of thoughts. All eventualities must be weighed and considered and many decisions must be made and, if necessary, also be agreed upon by a partner. But then again, daily life in the office shows that things cannot move fast enough for the company founders. Maybe suppliers must be contracted and to comply with legal frameworks the company has to be registered rapidly in order to guarantee a heads-up start.
Of course it is in our interest to finish the work for our clients as quickly as possible. Due to very good contacts and our work reliability – also with Malta’s administrative offices – we can in most cases set-up a Limited in Malta with a registration number within a few days. It is no comparable to the time necessary to register a GmbH with a notary in Germany. I myself went through this stressful experience. When I came to London, even setting-up a company in England is different, I could not believe the speed at which the company was registered.
Still there are some key aspects in which entrepreneurs can support us to register the company as quickly as possible for them. Most important is a copy of an identification document. I recommend my clients to make a copy of their passport as well as their identification card. This way we have two independent documents at our disposal, in correspondence the KYC rule (know-your-client). These documents have to be legalized.
A bank account can usually be opened very quickly without any problems as soon as there is a bank reference of the last six months, e.g. from your German bank. They also accept account statements from the last six months without taking in consideration account balance and movements.
A difference to the UK-Limited is that the signed incorporation documents are needed in order to set up a Malta Limited, due to the signature obligation in Malta.
Our law office Dr. Werner & Partner takes care of all other concerns. If we need something from you, we will not hesitate to contact you.
