The Government has launched a consultation period for an overhaul of Malta’s gaming regulatory framework. The consultation period will end on 23 August 2017 and allows the public to submit its input on the proposal to repeal all the existing legislation and replace it with a singular primary Act of Parliament entitled the Gaming Act together with...
A public consultation has been launched by the Ministry of Justice, Culture and Local Government on 26 June which is to run up until 24 July. The consultation relates to a proposal of setting up a Commercial Section within the Civil Court, First Hall. It is intended that the Commercial Section improves the quality and...
Dr David Zahra has been appointed President of the Malta Business Bureau (MBB). The MBB is the EU-business advisory office for the Malta Chamber of Commerce, Enterprise and Industry, and the Malta Hotels and Restaurants Association. Dr Zahra graduated as Doctor of Laws at the University of Malta in November 2006 and founded David Zahra...
The Veneto, the Italian region where Treviso is situated, is a prime example of what has often been referred to as the Italian economic miracle when poor economies based on agriculture and plagues by constant floods where transformed in leading industrial regional economies. As years pass by, the needs of the owners of such industries have...
Since the introduction of the Aircraft Registration Act (the “ARA”) in 2010, and with it accession to the Cape Town Convention and the Aircraft Protocol, registrations of aircraft with the National Aircraft Register and successful applications for Air Operator’s Certificates have steadily and continuously gathered momentum. In order to build upon this success and the...
Malta’s role as a springboard for Middle Eastern investment into Europe was the focus of David Zahra’s presentation to the Dubai Chamber and the Abu Dhabi Chamber earlier this week, as part of a trade delegation to the Middle East organised by TradeMalta and FinanceMalta. Malta, David Zahra said, had an everlasting vocation: a centuries-old trading post in...
Malta has once again been ranked among the top 5 EU Member states in a recent Competitiveness scoreboard published by the European Commission in September 2016. Malta’s ranking was based on criteria pertaining to the following areas: (i) Greenhouse gas emissions; (ii) TFP (Total Factor Productivity), an important indicator of innovation and economic growth – R&D skills;...
Malta’s credit rating has recently been upgraded by Standard & Poor’s from an already positive ‘BBB+’ to an ‘A-’ by, arguably, the world’s foremost credit rating agency. The agency effected the upgrade to reflect Malta’s improved credit metrics, with the highlights being Malta’s strong real GDP growth, deficits below 1 per cent for the 2016-19...
The Council of the European Union has recently agreed on a draft directive intended to address tax avoidance measures frequently used by large companies. The directive is part of a larger package of proposals coming from the European Commission intended to increase checks against corporate tax avoidance, building on the 2015 OECD recommendations to address...
A Double Taxation Agreement was signed between Malta and Vietnam on 15 July 2016. The Government of Malta welcomed this development as a breakthrough for encouraging investment in both countries, as well as its part in the continued expansion of Malta’s DTA network. Malta has long-standing policy of signing such agreements with emerging countries in order to...
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