Premium

Premium Accounting Ltd and Premium Audit Ltd work together from an office in Mosta, in the middle of Malta, as a team of certified public accountants and auditors. They look after accounts, audits, payroll, tax and VAT compliance, business advisory work and liquidations for Maltese companies and for individuals, with clients ranging from local firms to international groups.

A UK business setting up in Malta, or a British owner who already has a Maltese company, will find the practice has experience of cross border work and belongs to an international network of independent firms. It is listed on VisitMalta.co.uk in our directory of accountants in Malta.

Accounting, payroll and tax

The core services are accounting, payroll, tax compliance and VAT compliance, supported by ancillary work for a broad client list. Payroll can be outsourced entirely, which suits employers who would rather not run salaries and statutory returns in house. The firm also offers business advisory support and handles liquidations, the formal closing down of a company.

On tax, the practice helps companies and individuals meet their Maltese obligations. New rules are also covered in its news items affecting its clients, including Malta's transfer pricing rules for dealings between associated companies in different countries. Our Malta tax guide for UK nationals and our overview of how Malta's corporate tax structure works give general background before you speak to an adviser.

Audit and assurance

Audit is a statutory requirement for many companies, and Premium treats it as a chance to improve the business as well as satisfy the law. The audit approach is risk based and built on the statement of financial position. It looks at how the company manages risk and governance and ends with practical recommendations for improving how the business runs.

Director Consuela Cini D'Amato manages the audit team. Her work includes financial statements prepared under IFRS and under the local GAPSE and GAPSME frameworks, together with management letters. She is a Certified Public Accountant with a practising certificate in audit.

Clients, network and people

The client portfolio includes investment services providers, blockchain businesses, shipping and yacht operators, aviation and pharmaceutical companies, holding companies and remote gaming operators, alongside Maltese firms trading at home. Anyone in the gaming sector may like our guide to iGaming in Malta.

Premium is the Maltese member of MSI Global Alliance, an association of independent professional firms formed in 1990. The alliance has more than 250 member firms in over 100 countries and more than 13,000 staff, which gives clients a way to find local expertise when business crosses borders.

Franco Cini, a director, has more than fifteen years in accounting and assurance. He is a Bachelor of Accountancy (Honours), a fellow of the Malta Institute of Accountants and a Certified Public Accountant with a practising certificate in auditing, and he holds a master's degree in financial services from the University of Malta. Around the directors sit audit seniors, an accounting and tax manager, senior and associate accountants and a client relations officer.

Forming a company in Malta

In Malta the usual vehicle is the limited liability company, which can be private or public. A private company may be formed with a minimum authorised share capital of €1,164.69, of which at least 20% must be paid up. Every Maltese company needs a registered office in Malta, a company secretary and at least one director, and incorporation can take as little as two to three days once the memorandum and articles of association and anti money laundering information are in order. For wider reading see our UK guide to relocating to Malta.

Finding the office and getting started

The office is at 3, Armada Buildings, Ponsonby Street, Mosta, and opens from 09:00 to 17:00, Monday to Friday. Mosta is best known for its great domed rotunda and sits close to Mdina and Rabat; see our Mdina guide for the old capital. Another accountancy practice nearby is Bartolo and Associates if you want to compare firms.

Tell us briefly what you need: accounts, an audit, payroll, tax, VAT, a liquidation or a new company. Use the VisitMalta.co.uk enquiry form on this page and we will pass your message to Premium, who will reply to you directly.