Malta is known as a maritime center because of advantages importers and exporters benefit from and because this country is also renowned for the benefits it offers to those registering vessels here. These two factors have led to the development of the road transportation system, as many goods dedicated to reexport and entering by sea, leave the country on the excellent road system, so opening a truck company in Malta could prove a very lucrative business.
However, road transporters must comply with the Motor Vehicles Regulations issued in 2004 by Transport Malta. Our company formation agents in Malta can offer more information on the legislation related to transporting goods.
Opening a truck company in Malta is no different from starting any other type of business and the first stop will be at the Companies Registrar where the company will be registered. Foreign investors setting up a freight forwarding company in Malta must prepare the incorporation documents and file them together with their personal information and details about the directors of the company with the Trade Register.
A common fact about Malta is that partnerships and sole traders are often met when seeking a transport company. The Motor Vehicle Law imposes different criteria for all the types of truck businesses in Malta, which is why partnerships and sole proprietorships are also accepted.
After the company formation process is completed, the company must apply for the special licenses issued for carrying goods by road with Transport Malta. The authority issues several types of licenses:
The licenses have a 5-year validity period and can be renewed. Also, the last two types of licenses are in issued in accordance with the EU regulations related to the carriage of goods by road. Also, all truck companies in Malta must hire professional drivers.
For full information on the requirements for opening a truck company in Malta, please contact us. You can also rely on our company incorporation representatives in Malta for assistance with the registration of the company.