Business Entities Available

Sole Proprietor

This type of business entity is the least regulated and is subject to the least number of formalities in terms of Maltese law. The sole requirement to commence operation is to obtain a trading licence and one may commence operation immediately. The trader will be trading in his own name and therefore does not benefit from separate legal personality in any manner and is therefore personally responsible for all the trading obligations. Also tax liability is calculated on the individual tax rates of the proprietor.

The principal advantages of this business entity include the flexibility of the operation, no restrictions on decision-making and almost no reporting requirements.