Archive | Malta

MBR joins Corporate Registers Forum

May 05, 2022  |   Posted by :   |   Company law,Malta   |   Comments Off on MBR joins Corporate Registers Forum

The Malta Business Registry has announced that it has become a member of the Corporate Registers Forum, an association of international corporate registries. The association has the objective of providing its members with the latest developments relating to corporate business registers on an international level. The Corporate Registers Forum also aims to serve as a […]

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MFSA issues public notices in response to recent developments in Ukraine

March 02, 2022  |   Posted by :   |   Capital Markets,Firm News,Funds,Insurance,Islamic Finance,Malta,Trusts and Foundations   |   Comments Off on MFSA issues public notices in response to recent developments in Ukraine

The Malta Financial Services Authority (“MFSA”) has reacted to recent developments in Ukraine with two public notices issued on 22 February and 1 March 2022. The public notices remind all licence holders of their obligation to have effective systems and controls in place to ensure effective sanction screening of any person or entity named in […]

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DZ&A joins public interest litigation network launched by Daphne foundation

September 27, 2021  |   Posted by :   |   Firm News,Malta   |   Comments Off on DZ&A joins public interest litigation network launched by Daphne foundation

David Zahra & Associates Advocates are excited to join the Public Interest Litigation Network (PILN), led by the Daphne Caruana Galizia Foundation, which has just been launched. As Malta’s first independent network for public interest cases, the foundation said that PILN’s purpose is to promote awareness of policy and legal systems based on the rule […]

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The Use of Cash (Restriction) Regulations 2021

September 27, 2021  |   Posted by :   |   Malta,Publications   |   Comments Off on The Use of Cash (Restriction) Regulations 2021

The Use of Cash (Restriction) Regulations (the “Regulations”) have been introduced to combat money laundering and criminal activity in certain sectors involving cash payments. By virtue of the Regulations, it is now a criminal offence to make or receive payment or carry out cash transactions of €10,000 or more (or its equivalent in any other […]

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A new regulatory framework for Company Service Providers

March 22, 2021  |   Posted by :   |   Company law,Malta   |   Comments Off on A new regulatory framework for Company Service Providers

The Company Service Providers (Amendment) Act, 2020 (Amendment Act) was enacted last year through Act No. L of 2020. The Amendment Act has since come into force on 16 March 2021, introducing the new Company Service Providers (CSPs) regulatory regime. First and foremost, under the new CSP regime, CSPs shall now be ‘authorised’ by the […]

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Amendments to HQP Rules

February 26, 2021  |   Posted by :   |   Malta,Tax   |   Comments Off on Amendments to HQP Rules

Legal Notice 29 of 2021 has amended the Highly Qualified Persons Rules (the ‘HQP Rules’) with effect from 31 December 2020. Firstly, non-EU/EEA/Swiss nationals who remain in Malta beyond the four-year period shall no longer be subject to the claw-back of benefits. Furthermore, the possibility of a one-time extension of the benefit, for a period […]

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UK citizens still eligible to register vessel under Malta flag

February 05, 2021  |   Posted by :   |   Malta,Shipping   |   Comments Off on UK citizens still eligible to register vessel under Malta flag

Despite Brexit, citizens of the United Kingdom, whether residing or not residing in Malta, will remain eligible to register a vessel under the Malta flag. A timely amendment has been made to the Ships Eligible for Registration Regulations with the enactment of legal notice 466 of 2020. The right granted to individual citizens of the […]

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National Foreign Direct Investment Screening Office set up

August 24, 2020  |   Posted by :   |   Company law,Malta   |   Comments Off on National Foreign Direct Investment Screening Office set up

Malta has set up the National Foreign Direct Investment Screening Office, intended to screen and vet potential applications for foreign direct investment into Malta. The scope and remit of the Office shall be to screen new FDI projects, joint ventures with a foreign component and the transfer of any shares and/or controlling interests in existing […]

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COVID-19 Guarantee Scheme launched

April 08, 2020  |   Posted by :   |   COVID-19,Malta   |   Comments Off on COVID-19 Guarantee Scheme launched

In wake of the heavy financial burden placed throughout by COVID-19, the Malta Development Bank has brought into effect the MDB COVID-19 Guarantee Scheme (CGS) which forms part of the of Government’s COVID19 Response Support Programme. The Government is providing financial assistance in the form of a guarantee fund to the tune of €350 million […]

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COVID-19 Employee Medical Benefit

April 01, 2020  |   Posted by :   |   COVID-19,Employment,Malta   |   Comments Off on COVID-19 Employee Medical Benefit

The Superintendent of Public Health has ordered persons who: (i) suffer from diabetes and is dependent on insulin; (ii) are on biological medicines; (iii) had cancer in previous six months; (iv) are immuno-suppressed; (v) are undergoing renal dialysis; (vi) are pregnant; or (vii) were admitted to hospital for some respiratory disease over the previous six […]

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