A new regulatory framework for Company Service Providers

March 22, 2021  |   Posted by :   |   Company law,Malta

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

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

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

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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Cell companies introduced for shipping and aviation

July 21, 2020  |   Posted by :   |   Aviation,Company law,Shipping

The introduction of the Companies Act (Shipping and Aviation Cell Companies) Regulations (the “Regulations”), has allowed companies in the shipping and aviation industry to create cell companies. Similarly, a company already engaged in such business may convert its structure into a cell company, provided that such change is authorised by the memorandum and articles of […]

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