Malta LTD

"LTD" is the abbreviation of Limited Liability Company, it is a legal entity of collective ownership and is used in countries such as Malta. It requires a minimum of one shareholder 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 registered capital starts at 1,200 euros, and 20% of it needs to be paid prior to the establishment of the company as a capital verification requirement. 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.