Archive | Malta

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

Government measures in response to COVID-19 pandemic

March 30, 2020  |   Posted by :   |   COVID-19,Malta   |   Comments Off on Government measures in response to COVID-19 pandemic

The Government have reacted to the COVID-19 pandemic and have introduced the following measures in order to try and ease the effects of such pandemic on businesses and their employees, as well as self-employed persons. Such measures are being administered by Malta Enterprise, and additional information can be found on their website. Moreover, most of […]

Read More »

COVID-19 Notice

March 12, 2020  |   Posted by :   |   COVID-19,Firm News,Malta   |   Comments Off on COVID-19 Notice

In light of recent developments in Malta connected to the COVID-19 pandemic, our offices are closed for the public with effect from 11 March 2020 and until further notice. The firm is ensuring that its work place is a safe one with all appropriate health and safety measures put into place. Where possible, our staff […]

Read More »

FIAU Announces Updates to PMLFTR

January 11, 2019  |   Posted by :   |   Blockchain,Gaming,Malta   |   Comments Off on FIAU Announces Updates to PMLFTR

Issued on the advice of the Financial Intelligence Analysis Unit (“FIAU”), Legal Notice 430 of 2018 (the “Notice”) has introduced a series of constructive amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”). New Competent Authorities A foremost amendment is the introduction of the Asset Recovery Bureau and of the Commissioner […]

Read More »

Global Legal Insights – Mergers & Acquisitions 2018

November 27, 2018  |   Posted by :   |   Company law,Malta,Publications   |   Comments Off on Global Legal Insights – Mergers & Acquisitions 2018

David Zahra, founder of David Zahra & Associates Advocates, has authored the Malta chapter of Mergers and Acquisitions 2018 published by Global Legal Group, London. Mergers & Acquisitions 2018 covers key topics including regulatory fields, M&A markets, significant transactions and industry sectors, developments, and the year ahead in 31 jurisdictions. Dowload PDF here.

Read More »