Business
Malta — Business: Accounting
Malta's accounting regulations are governed by the Malta Financial Services Authority (MFSA) and the Institute of Certified Public Accountants of Malta (ICPAM). Companies are required to maintain proper accounting records and to file annual returns with the Malta Business Registry (MBR). Accounting standards in Malta are aligned with International Financial Reporting Standards (IFRS).
Key facts
- Accounting standards in Malta are aligned with International Financial Reporting Standards (IFRS)
Steps
- Registering a Company — To register a company in Malta, you will need to submit the necessary documents to the MFSA, including the Articles of Association and Memorandum of Association. The company must also have a registered office in Malta.
- Obtaining an Accounting License — To obtain an accounting license in Malta, you must be a member of the ICPAM and meet the necessary qualifications and experience requirements.
Costs
- Annual return filing fee: EUR100 - EUR1,400
Timelines
- Annual return filing: 3-42 days
Required documents
- Articles of Association
- Memorandum of Association
- Proof of identity and address
- Qualifications and experience documentation
Common mistakes
- Not registering the company with the MFSA
- Not maintaining proper accounting records