Malta LTD

"LTD" is the abbreviation of Private Limited Company, it is a legal entity of collective ownership and is used in Malta. It requires at least two shareholders (one only in a single member company, which must be a private exempt company) and one director, and does not need to appoint a legal representative or local person as a director. However, the company still needs to appoint a company secretary. The minimum authorised share capital is 1,164.69 euros, and at least 20% of the nominal value of each share taken up must be paid up on signing the memorandum of association, with a bank deposit slip filed as evidence. The main characteristic of LTD is limited liability, meaning the shareholders' liability is limited to their contribution and they will not bear liability beyond their contribution. Additionally, LTD does not participate in the public market, which means its shares are not publicly traded.