What about bank accounts?
As a seperate legal entity, Maltese companies have the right to open as many bank accounts as required to operate the company. During the bank account opening process, the bank would require the company representative to inform the bank who would be the authorised users and how it would like to delegate the management of its bank account.
Any company operating in Malta is required to submit to the Malta Financial Services Authority its audited financial statements, annual return and any changes in the company structure as might be required from time to time.
In addition, the company would have to submit on periodic basis its VAT returns, if registered for VAT and its tax return on an annual basis.
In addition, if companies require special licenses to operate in niche markets such as gaming, insurance and others, it would also be bound to report to the competent authorities as required by the specific legal act governing the license issued.