Taking the decision to start your business in Malta requires taking the appropriate steps to ensure that your business complies in full with all legislative requirements. First and foremost, VAT registration and compliance is of utmost importance. Upon seeking to register your company, our tax advisory team will discuss with you the VAT implications of your trading activities. Upon presentation of a certified memorandum and articles of association and completion of appropriate forms, a valid MT prefix VAT number shall be issued. VAT numbers are unique to the entity concerned. The Value Added Tax Department of Malta shall upon registration issue a certificate of registration to such taxable person. Exemption status is available for a number of entities operating in the financial services sector including the banking, insurance and funds industry.