CONTINUATION OF COMPANIES

Pursuant to the enactment of the Continuation of Companies Regulations, corporate entities can now be continued in Malta. Continuation signifies that a company may retain its already existing status as a body corporate in the jurisdiction where it is continued. In effect, no new legal entity is created and this arrangement is intended to ensure that nothing prejudices or affects the continuity or continued operation of the company. That is to say, the company retains all its assets and liabilities and remains bound by all obligations incurred as from the date of its incorporation in the first jurisdiction. The said corporate entity must be a body corporate registered or incorporated in a country or jurisdiction which has been approved by the Registrar of Companies. Once registered, companies will be entitled to benefit from all the incentives available to Maltese- registered companies.  

 

Similarly, the Regulations allow for the continuation of Maltese companies in a foreign jurisdiction that permits such continuation, subject to consent being granted for the company to be continued overseas by the Registrar of Companies. 

 

Mamo TCV has a wealth of experience in the field, and has advised and assisted international groups of companies on the re-domiciliation and continuation of their corporate structures to Malta and the benefits thereof.