Do not lose any time setting-up a business and prepare all necessary documents

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.

About Philipp Sauerborn

In 2005, Philipp Sauer­born joined the firm of St. Matthew in Lon­don, one of the lead­ing Ger­man account­ing firms in Eng­land renowned for its exper­tise in cor­po­rate, com­mer­cial and tax law, as a depart­ment head. After three years, he was a part­ner and man­ag­ing direc­tor.
Towards the end of 2011, he decid­ed to move to Mal­ta, where he first worked at inter­na­tion­al law firms and con­sul­tan­cies in an employed and con­sult­ing capac­i­ty. Since the begin­ning of 2013, he has been a senior employ­ee at Dr. Wern­er & Part­ner. Mr. Sauer­born is cur­rent­ly com­plet­ing his ADIT ‑Advanced Diplo­ma in Inter­na­tion­al Tax.

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