The Russian Federal Council has approved the Malta-Russia Double Taxation Treaty on 26 March 2014 and Russian President Vladimir Putin has signed the law ratifying such treaty on 2 April 2014. The Double Taxation Treaty had been signed on 14 April 2013 and approved by the State Duma on 21 March 2014. Malta had ratified the...
Transport Malta has announced that Malta’s ship registry has grown by 13.6%. As a result, Malta is now the largest merchant flag in the European Union and the seventh worldwide. Over the past year there has also been a growth of 18.1% in super yacht registration, with a total of 398 super yachts registered under...
Malta and the United States of America have signed ?a bilateral inter-governmental agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA) on Monday 16 December 2013. FATCA improves international tax compliance through mutual assistance in tax matters based on an effective infrastructure for the automatic exchange of information...
Malta and the Cayman Islands have recently signed a Tax Information Exchange Agreement. The TIEA, which provides for a full exchange of information between the two jurisdictions on tax matters, was signed on 25 November 2013 at the Malta High Commission in London. Both Malta and the Cayman Islands are members of the OECD Global...
Malta has been awarded “most favoured domicile in Europe” in the Hedge Fund Service Provider rankings 2013 by Hedge Fund Review, a reputable publication for the alternative investment industry. Malta rose to first place from third place in 2012. The online vote was open to individuals from single-manager hedge funds or FoHF organisations and investors, such...
David Zahra will be participating in the third edition of the Lugano Fund Forum to be held between 25 and 26 November 2013 at the Palazzo dei Congressi, Lugano. This is one of the most important events focused on asset management, investment tools and fundamental analysis and will host a number of specialized conferences and...
David Zahra has recently participated at a cocktail networking reception entitled “MALTA centro per i servizi finanziari: le opportunità per gli operatori italiani” (or “Doing Business in the Malta Financial Centre, Opportunities for Italy”) in Milan, Italy. The event, held on Wednesday 23rd October 2013, was a great success with over 100 attendees from the...
Malta and Curaçao have recently initialled a double taxation agreement. The DTA facilitates business and also provides for exchange of information on tax matters to combat international tax avoidance and evasion.
According to the Global Financial Centres Index 14, compiled by Z/Yen Group and sponsored by the Qatar Financial Centre Authority, Malta ranked number 53 out of 80 financial centres, right behind Milan, and before Madrid, Dublin and Brussels. In EU terms, Malta ranks at number 14 out of 27 financial centres. In 2013, Malta moved up...
The Middle East Business Council (MEBC), of which David Zahra & Associates Advocates is a founding member, was launched on 10 October 2013 at SmartCity Malta. The MEBC is an independent committee within the structures of the Malta Chamber of Commerce, Enterprise and Industry, set up to promote and enhance business linkages between Malta and...
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