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International Trading
Companies
All
International Trading Company (ITC) is defined in section 2 of the Income
Tax Act, as a company registered in Malta which is engaged solely in carrying
on trading activities, from Malta but not in Malta, with persons who are
not resident in Malta and which has its objects expressly limited to such
trading activities as well as to such acts and activities as are necessary
for the conduct of its operations from Malta.
In
other, words, an ITC is a normal onshore Maltese company, with the main
distinction that its trading activities are carried out from, rather than
in Malta. Moreover, section 2 of the Income Tax Act specifically
recognises that this type of company may engage in:
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purchases for export
of goods manufactured, assembled or processed in Malta provided that such
purchases are not made from a person who owns directly or indirectly more
than 15% of the ordinary share capital of the said International Trading
Company;
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trading with companies
registered in Malta under the Malta Financial Services Centre Act, 1994;
and
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trading with other International
Trading Companies.
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International trading and holding companies
