Destination Malta: redomiciling your company doesn’t need to be difficult

Increased global transparency initiatives by the Organisation for Economic Co-operation and Development (OECD) over the last decade mean offshore jurisdictions face growing scrutiny and operational challenges within the international environment.

For companies registered in offshore locations trying to traverse this overarching regulatory framework, greater transparency can increase the volume and depth of administrative tasks due to heightened risk and compliance requirements.

One solution to counter increased regulatory burdens is to move a company’s domicile onshore. While redomiciling a company is a crucial business decision, some regions have established well-trodden paths to simplify the process. 

Malta is one such location. Providing a streamlined alternative to company dissolution and re-incorporation through its re-domiciliation process, this European jurisdiction, positioned within Mediterranean waters, offers businesses the opportunity to transfer their legal domicile seamlessly under the Continuation of Companies Regulations (Subsidiary Legislation 386.05 of the Laws of Malta).

The benefits of this process include:

• Continuity of the company’s legal personality
• Cost benefits since there is no need to wind up the existing company
• Preservation of history and track record documentation and transactions
• Maintenance of existing contracts and business relationships

Malta presents a particularly compelling solution for companies seeking to transfer their seat from offshore to onshore thanks to its unique combination of advantages, which include:

• Strong legal framework: Malta’s robust legal system adheres to EU standards, providing comprehensive protection and transparency for businesses while enhancing operational stability and security
• EU member state status: operating within an EU jurisdiction improves corporate credibility and minimizes reputational risks associated with offshore locations
• Efficient corporate structuring: while maintaining EU compliance, Malta offers a competitive corporate tax system
• Streamlined processes: Malta’s business-friendly approach features modern infrastructure and competent administrative procedures
• Stable political and economic environment
• Skilled workforce in the financial services sector
• English as an official language

Citco (Malta) Limited - Expertise in the redomiciliation process

For those interested in exploring the options available via a re-domiciliation to Malta, the Citco group of companies (Citco) is here to help. As an authorised Corporate Service Provider, Citco (Malta) Limited’s experienced team can assist with:

• Documentation preparation and processing
• Corporate structure adaptation
• Regulatory compliance
• Stakeholder coordination
• Local authority liaison
• Corporate services post-migration
• Banking arrangements
• Local substance requirements

A recent client engagement demonstrated the power of our integrated global approach. When working with an offshore-incorporated client entity, Citco leveraged seamless collaboration with our international colleagues to deliver comprehensive solutions.

Our team efficiently produced updated client documentation while simultaneously identifying relevant local regulatory requirements. The Malta-based specialists provided draft amendments to the corporate structure, secured necessary regulatory approvals, delivered strategic guidance to stakeholders, and ensured swift implementation.

While regulatory authorities in any jurisdiction may present additional requirements and inquiries, our extensive experience enabled us to anticipate these challenges proactively, ensuring uninterrupted service delivery for our client.

Contact Citco today to explore how we can help your business make a strategic move to an EU jurisdiction while maintaining operational excellence.