Political & economic stable jurisdiction with strong government support to entrepreneurs.
Robust Banking System. The best performers in terms of GDP in Europe.
All significant benefits to moving your business to Malta explained within an in-depth review.
Our experts can advise you on the most practical, beneficial, and cost-effective route to take for your business. Options include moving your existing business and its assets to our jurisdiction or starting a new Maltese company. We can facilitate all options, with fees for forming a new Malta company starting from €1500.
The most challenging aspect for entrepreneurs looking to establish themselves in a foreign jurisdiction is often in opening a corporate bank account. Without this in place, many company moves or formations fail.
We have an 89% success rate in opening bank accounts for foreign companies. With over 20 years of experience, our corporate banking team is able to select the most secure and reliable banking solutions for your business, and advise you on the steps you need to take to achieve success.
Why Choose 1st Step!
We help high net worth individuals to obtain maltese residency and citizenship
Many high net worth individuals are keen to gain Malta citizenship or residency. Our highly-experienced Citizenship Team understands your needs, whether they are financial, political, or for safety and well-being reasons. We work closely with our clients to advise, support and action the most suitable routes to citizenship for their circumstances.
We offer two programmes designed to suit your individual circumstances.
Each of them has its own details and requirements, and our team will work with you every step of the way.
Trustee & Fiduciary Services by Pro Trust
Malta Trust or Private Foundation - which suits you best? We shall help you to take the best decision!
Strong asset protection, management and preservation of wealth for future generations.
, provides trust and foundation set-up, management and administration services. Authorized to act as a trustee, foundation administrator, and a fiduciary.
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1st Step Solution LTD, established in 2001 and regulated by Malta Financial Services Authorities.
An authorised corporate service provider, accredited agent ARM00631 for Malta Tax Residency programme (GRP) and representing ‘Naturalisation for Exceptional Services by Direct Investment’ (Citizenship programme) via AKM-FORM-21.
Move Your Business To Malta
Malta has been an EU Member State since 2004. This island nation benefits from a stable business climate, making it particularly attractive to entrepreneurs and high net worth individuals. Setting up your company in Malta with the appropriate structures level up your business and unlock borderless business operations and banking.
Anguilla and Barbados Added to the EU “blacklist”
On 6 October, 2020 the EU Council has issued a press release dedicated to the regular update of EU list of non-cooperative jurisdictions for tax purposes. This time Anguilla and Barbados have been listed, Cayman Islands and Oman have been de-listed.
OECD: 18 Jurisdictions Dismantled Harmful Tax Regimes
The OECD Forum on Harmful Tax Practices (FHTP) has published the peer review results on countries’ progress in implementation of the BEPS Action 5 Minimum Standard (“Countering harmful tax practices more effectively, taking into account transparency and substance”).
Member States Agree to EU Level Anti-Money Laundering Authority
The EU received approval from finance ministers of its member states in November to set up an anti-money laundering watchdog with the authority to directly interfere with national jurisdictions if it finds that they have failed to comply.
Switzerland Strengthens Financial Transparency Measures
On 11 November the Federal Council announced the entry into force of an amendment to the Ordinance on the International Automatic Exchange of Information in Tax Matters from 1 January 2021. The amendments follow the recommendations of the Global Forum on transparency and exchange of information for tax purposes.
Estonia: Changes Related to the Transfer of Shares of Private Limited Companies
A number of changes related to the transfer of shares of private limited companies entered into force in May and August this year. The main purpose of the changes was to simplify the transfer of shares and to make it foremost easier for foreigners to invest in Estonian start-up companies. Other companies can also take advantage of new opportunities, but there are also risks involved.
Malta: Benefits of Consolidated Group Rules & the Concept of Fiscal Units
Legal Notice 110 of 2019 has introduced the possibility of income tax consolidation in Malta. The said Legal Notice introduces the Consolidated Group (Income Tax) Rules, 2019, as subsidiary legislation to the Maltese Income Tax Act, Chapter 123 of the Laws of Malta.
Banks VS Payment Platforms: Guide to the right choice
“Dear Sir, your account falls out of the bank’s risk appetite. We are kindly informing you that the account will be closed within two weeks. Please provide alternative bank details in order to transfer the remaining funds”.
Estonian Private Limited Company – the Minimum Nominal Value of a Share is Now One Cent Instead of One Euro
According to the changes made to Commercial Code of Estonia from the 1st of July 2020 the minimum nominal value of a share is one cent instead of one euro, with the result that every cent of the share capital shall grant the shareholder one vote.
Estonia Implements Remote Authentication – a Possibility to Carry out a Notarial Transaction from Home
On February 1st this year, remote authentication was introduced for notarial transactions, which is equivalent to ordinary notarial authentication, i.e. authentication in the presence of a notary.
About the Changes in the Estonian Commercial Code Related to the Notarization of the Transactions of Shares of the Private Limited Company
Related to the changes in the Commercial Code entered into force at the end of May the form requirement for the obligation transaction for the transfer and pledge of a share in private limited companies became invalid. As a result such contracts could be today concluded as if without a form and without a notary.
Estonia – The Effects of the Coronavirus on the Adoption of Resolutions by Shareholders and the Formal Requirements for Non-Electronic Share Transfers
On 18 May 2020, the Estonian Parliament passed an act amending the General Part of the Civil Code Act and other acts. The main purpose of the amendment is to provide flexible options for resolving difficulties relating to the adoption of resolutions and the transfer of shares as a result of the coronavirus outbreak.
Malta – Annual Obligations Relating to the UBO Register
In terms of the Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843), which as from 10th January 2020 is in force in all the EU, member states are required to maintain inter-connected, publicly available national Ultimate Beneficial Owner (“UBO”) registries.
Malta Business Registry to Remove 10,000 Inactive Companies from Registry
Malta Business Registry has begun the extensive process of cleaning up the registry from inactive companies, and so far has removed 10,000 inactive companies.
Time to take life-changing decision: LAST CALL for Malta Citizenship program – deadline for applications 31 July 2020!
GREAT NEWS: The Malta Individual Investor Program Agency will continue to accept applications under current MIIP regulations until 30 September 2020. It is therefore important for prospective investors to apply by 31 July 2020.
BANKS vs PAYMENT PLATFORMS:
If your bank account application got stuck at the primary stage, or the bank did not accept you as a client, there is a 90% chance that your application was of a poor quality. Our 1st Step team will prepare an application that would take into consideration your type of business, geography, and more importantly the expectations of the chosen bank in 1 working day.