David Zahra, founding partner at David Zahra & Associates Advocates, is now able to represent the firm’s clients for the purposes of applications to qualify under the ‘High Net Worth Individuals – EU/EEA/Swiss Nationals Rules’, the ‘Malta Retirement Programme Rules, 2012’ and the ‘Global Residence Programme Rules, 2013’. David Zahra is now able to serve...
Malta and Ukraine formally signed a Convention on avoiding double taxation in Kiev on 4 September 2013. The Prime Minister of Malta and the President of Ukraine signed the agreement as part of a working visit discussing a range of issues including trade exchanges, investment and energy. The Government of Malta stated that the signing of this...
The Maritime Labour Convention (MLC), ratified by Malta in January 2013, has entered into force on 20 August 2013. The MLC is a landmark instrument setting out decent working and living conditions for seafarers while creating conditions of fair competition for ship-owners. The MLC also seeks to consolidate and modernize more than 68 international labour...
Malta and Macau have recently signed an agreement to work together to prevent tax evasion and tax avoidance. The agreement was signed in Beijing, China on 30 May 2013 and is expected to enter into force in January 2014. In terms of the treaty, authorities in Macau and Malta will share data on the financial position and...
The International Monetary Fund (IMF) has recently issued an important statement about Malta and its banking sector. Despite the difficult circumstances in the rest of Europe, the IMF gave Malta’s banks a clean bill of health. The IMF’s board of directors noted that: “The banking system [in Malta] is sound and risks from its large...
The Government of Malta has published Legal Notice 167 of 2013 which contains the rules governing the Global Residence Programme, a new residence programme which allows non-EU residents who buy high-value property and pay taxes in Malta to benefit from a residence permit. Click here to access the relevant legal notice and here to read about the programme’s launch.
The Government of Malta has recently issued Legal Notice 152 of 2013 which brings into force amendments to the Highly Qualified Persons Rules. These amendments shall be deemed to have come into force on 1 January, 2012. The Highly Qualified Person Rules apply a beneficial tax rate of 15%, on employment income derived in respect of work or...
The State of Kuwait has recently inaugurated a new embassy in Balzan, Malta. During the inauguration of the embassy, Malta’s Foreign Minister stated that “the intensification of bilateral contacts between our two countries has been greatly enhanced, notably in recent years, with 12 agreements signed since 2010”. Malta opened an embassy in Kuwait City, Kuwait...
The provision dealing with limited liability companies having the status of a private exempt company (article 211 of the Companies Act) has recently been amended to remove the condition that for a company to qualify for such status, no body corporate could hold, or have interest in, any shares or debentures of that company. Accordingly, as long...
The Government of Malta has launched the Global Residence Programme, a new residence programme for foreigners. This programme is intended to replace the High Net Worth Individuals (HNWI) Rules launched in September 2011. The Global Residence Programme shall reduce the minimum value of immovable property bought in Malta by foreigners to €275,000 (from €400,000). Moreover,...
Follow us:
© 2025 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
Level 3, Theuma House, 302, St Paul Street, Valletta VLT1213, MALTA
