Our services – SIliconMalta

Additional services that we offer

Silicon is positioned with the knowledge and expertise to aid and advise management at every step of the process in properly establishing, implementing, maintaining and achieving the objectives of your business plan.

ASSIST COMPANIES IN MALTA

Being a Malta business we are also in a position to offer assistance to individuals, businesses and or Companies wishing
to establish themselves in Malta, as well as those already established in Malta. Various programs and schemes are offered by the Maltese Government to attract Foreign Investment and incentives offered. We are familiar with these schemes and are able
to assist in this regard as well.

Accounting services

A basic understanding of what accounting services are and how to choose the right solution for your needs is essential for your business success. We are experienced professionals in this field and ready to assist your business with all their accounting needs and requirements. Specific services include but not limited to:-

Implementation and maintenance of an accounting system.
Compilation of trial balances and detailed General Ledger accounts
Data capture
Bookkeeping services
Regular bank reconciliations to be done, at least on a quarterly basis.
Quarterly Management Account reports, if required and requested by Management
Liaise with auditors and tax advisors as and when necessary
Assist business with strategic planning and critical decision-making in terms of accounting records and procedures.
Compilation and filing of VAT returns as and when necessary.
Compiling and submitting of Annual returns as required by the Business Registrar.
Draft management annual financial Statements after year end. Liaise with Auditors for finalisation of Annual Financial Statements audits as well as Corporate tax submissions.

Company SECRETARIAL services

A company has to appoint a Company Secretary with certain roles and responsibilities. We fully understand these roles, requirements and responsibilities and can assist in ensuring the Company’s full compliance in this regard. These services include but are not limited to:-

Assisting with the administration requirements of the business as imposed by any local acts pertaining to the jurisdiction of Malta
Providing the Owners collectively and individually with guidance on their duties, responsibilities and powers
Making Owners aware of all law and legislation relevant to and affecting the business
Ensuring that all statutory requirements as imposed by the Companies Act or relevant acts are adhered to
Providing guidance and advice on good corporate governance and ethics.
Ensuring VAT compliance and timely submission of VAT returns.
Monitoring the changes in relevant legislation and the regulatory environment affecting the business 6
Ensuring the submission of all relevant information as imposed by the registrar of companies – Annual returns, appointment and resignation of Owners, change of business year end, Timorous submission of Annual Financial Statements and tax returns,

Business plans help you run your business

01

Establishment of a Business plan

The establishment of the Business Plan should never be taken lightly and needs the full focused attention of Management in establishing a Business plan this should not be rushed either and planned well in advance. No truer statement was made–Failing to plan is tantamount to planning to fail.

02

Implementation of a Business plan

Of great importance to the business is then to successfully implement the plan. This is done through communicating the plan properly to Management and staff getting their full “buy in” to the plan and setting of KPI’s and assigning responsibilities for objectives set in the plan.

03

Maintenance of a Business plan

The regular and constant monitoring of the performances and reporting of actual results to budgeted results and performances to ensure KPI’s and objectives are being achieved.

04

Achievement of a Business plan

By constant achievement and rectification of objectives and goals along the journey, one can ensure the eventual goal as set is to be achieved.