Whether or not one should apply for VAT, depends on the company’s activity. This will determine whether to register under Article 10 or 11, determined by the company entry and exit thresholds. If the company is involved in trading, then it is obligatory to register for VAT. Holding companies do not need to register for VAT. Detailed information can be found here: https://cfr.gov.mt/en/vat/general_information/Documents/06.%20Small%20undertakings%20registered%20as%20exemptV2.pdf