Introduction
The Maltese Companies Act was recently amended so as to provide
for a simplified liquidation procedure which can be used by
companies in lieu of a voluntary members winding up. The relevant
statutory forms were published on 16 December, 2025, and the
provisions were brought into force with effect from such date.
The rationale behind this new procedure is to enable a number of
companies which have ceased to trade or never traded to have a fast
track method of being struck off the Malta Business Registry.
It is quite common for a voluntary members winding up to take
years to complete, if ever. The new Simplified Liquidation
Procedure should dramatically reduce the timeframe within which a
good number of companies are struck off the register when there is
no need for them to continue to exist. This is indeed a positive
development which should benefit the business community.
