If you are a foreign entrepreneur looking to start a business in Malta, you may need information about local companies you wish to work with. Whether you are seeking a partnership, planning a merger, or just want to know more about a company, you can get the information you need from the Trade Register in Malta.
How to Access the Trade Register in Malta
There are three main ways to obtain information from the Trade Register in Malta:
- The Trade Register: This official register keeps track of all registered businesses in Malta.
- The European Business Register: This online service provides information about companies in all European Union countries, including Malta.
- Maltese Law Firms: You can hire a law firm in Malta to conduct company due diligence on your behalf. They can provide detailed information and legal insights about the company you are interested in.
What is the Trade Register in Malta?
The Trade Register in Malta is managed by the Malta Financial Services Authority. Its primary roles are to register new companies and keep the database of companies up to date. This register is an essential tool for investors, as it provides valuable insights into the business landscape of Malta.
To access the register, you need to register with the Registry of Companies Online System. Once registered, you can search for information about any company in Malta free of charge. However, if you want to download official documents, there may be a small fee involved.
What Information Can You Find?
The Trade Register in Malta offers various details that can help you assess a company. Here’s what you can find:
- Company Name and Registered Address: Know who you are dealing with and where they are located.
- Directors: Find out who runs the company and their backgrounds.
- Shareholders: Understand who owns the company and their stake in it.
- Subscribed Capital: Learn about the financial health of the company and how much money has been invested.
This information is valuable for anyone considering entering into a business agreement in Malta.
Why Use the Trade Register in Malta?
Searching the Trade Register in Malta is a popular way to gather information because it is easy to access and provides accurate details about companies. However, many entrepreneurs also choose to perform due diligence. This means investigating a company thoroughly to understand its background, reputation, and legal standing.
Company Due Diligence in Malta
Another way to get information about a Maltese company is to hire a local lawyer or law firm. They can perform detailed checks on the company’s financial, commercial, or legal status. This service is beneficial for foreign investors because it provides quick access to specific, updated information about potential business partners.
Lawyers can help you with various aspects of due diligence, including:
- Verifying the company’s legal status.
- Checking financial records and tax compliance.
- Identifying any legal issues or disputes.
Typically, a Maltese consultant agency can gather this information within a few days, making it a fast and efficient option for busy entrepreneurs.
The Trade Register in Malta is a great starting point for business.
Using the Trade Register in Malta is a great first step for anyone looking to do business on the islands. The information available can help you make informed decisions about potential partnerships and investments. Accessing the Trade Register not only helps you verify a company’s existence and credibility but also gives you insights into its operational history. By understanding who the directors and shareholders are, you can gauge the trustworthiness and stability of a business before engaging in any agreements.
Furthermore, the due diligence process can uncover hidden aspects of a company that may not be evident from a simple register search. It allows you to understand the broader context of a business’s activities, including any past legal issues or financial irregularities. Engaging with local law firms or consultant agencies can enhance your knowledge and confidence when entering the Maltese market.
leveraging the resources available through the Trade Register, along with professional due diligence services, can significantly improve your chances of success in the Maltese business landscape. By taking these important steps, you can establish strong, transparent, and successful business relationships that will benefit you in the long run. Don’t hesitate to explore these resources as you navigate your entrepreneurial journey in Malta.
