Camilleri de Marco & Zahra Advocates became a member of the Maltese Italian Chamber of Commerce on 28 June 2012. The Maltese Italian Chamber of Commerce promotes business, developes and nurtures commerce, finance, tourism and culture between Italy and Malta. The Maltese-Italian Chamber of Commerce has been officially recognized by Italian Government according to the...
David Zahra, partner at Camilleri de Marco & Zahra Advocates, has recently addressed the Lugano International Fiscal Forum, the most important event dedicated to international tax issues and fiscal opportunities for entrepreneurs and investors in the Italian part of Switzerland (the Canton of Ticino). The Forum took place at the Palazzo dei Congressi, Lugano between...
FinanceMalta has recently launched the fourth edition of the Investment Guide and Business Directory. The Guide serves as a major reference source on every aspect of doing business in and with Malta in order to attract global trade and investment to and through Malta. Camilleri de Marco & Zahra Advocates is listed in the Business...
Malta and Brazil have discussed signing an avoidance of double taxation agreement during a meeting Malta’s Minister for Foreign Affairs had with the Brazilian Minister of Foreign Defence on 18 May 2012 in Valletta, Malta . Brazil has become a regional power in Latin America and is now a clear leader among developing countries on both...
A welcome amendment has been introduced to the Income Tax Act (Cap. 123, Laws of Malta) by the Budget Measures Implementation Act (Act V of 2012), whereby royalties, advances and similar income derived from copyright, whether in the course of a trade, business, profession or vocation or otherwise, shall be exempted from income tax. Such...
David Zahra, partner at Camilleri de Marco & Zahra Advocates, has recently participated in a Malta Enterprise business delegation to the city of Milan, Italy. The 15-strong business delegation brought together operators from different sectors such financial and advisory services, electronics, telecommunications, audiovisual services, education and training, as well as renewable energy. The highlight of...
The Budget Measures Bill, announced in the Budget speech last November, was approved by the House of Representatives on 9 May, 2012. The Budget measures, most of which have already been brought into force, include an extension of maternity leave, lower tax for families with children, an increase in state assistance to parents of children...
10 May 2012 was a particular day for Malta’s aviation sector. First, the Government of Malta announced a €22 million private investment in a specialised and dedicated facility for the painting and repainting of aircraft and the provision of interior refurbishment services. Malta then inaugurated a €17 million Aviation Park at Safi, Malta. Prime Minister...
The number of domiciled funds that are managed in Malta increased from 22% to 44% in 2011, while the number of Maltese funds administered locally increased from 47% to 78%, the Minister of Finance, the Economy and Investment Tonio Fenech said. This increase has also led to a surge in the level of local service...
229 companies are registered as having Austrian shareholding with the Malta Financial Services Authority. This was mentioned by the President of Malta during the state dinner held in honour of the Federal President of the Republic of Austria on 24 April 2012 in Valletta. Austrian investment in Malta is substantial; in financial services, a number...
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