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...
The Lotteries and Gaming Authority (LGA) has recently entered into two collaborative Memorandum of Understandings (MoUs) in the interests of protecting and maintaining the integrity of football and sports betting; one with FIFA’s in-house agency on sport integrity, the FIFA Early Warning System GmbH (EWS) and another with the European Sports Security Association (ESSA). Both...
The Maltese Lotteries and Gaming Authority (LGA) has been described as “a top organisation in terms of innovation, governance, diligence and international growth” when acclaimed as one of the Fast50 organisations worldwide for the second consecutive year. The LGA was the only Regulatory Authority awarded with the Fast50 award for 2012. The Fast50 Award is...
Anjelica Camilleri de Marco, partner at Camilleri de Marco & Zahra 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’ and the ‘High Net Worth Individuals – Non-EU/ Non-EEA/Non-Swiss Nationals Rules’ issued on 15 September 2011 by the...
David Zahra, partner at Camilleri de Marco & Zahra Advocates, has participated in an event organised by Confindustria Messina and MiscoAdvisory on 29 March 2012 in Messina entitled “Malta: un Paese europeo e le sue opportunità” (“Malta: the opportunities it offers as a European country”). The presentation highlighted relations with Italy and the vast opportunities...
The Government of Malta and the Norwegian Government have signed an avoidance of double taxation agreement on 30 March 2012. The agreement deals with the tax treatment of royalties, patents, dividends and immovable property.
The Q4 2011 issue of the Malta Funds Industry Association newsletter features an article on “Hedge Fund Governance: the need for quality directors” by David Zahra, partner at Camilleri de Marco & Zahra Advocates. A copy of the article may be accessed here and a copy of the newsletter can be accessed here.
The Government of Malta and the Government of Guernsey have signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The agreement was signed on 12 March 2012. The High Commissioner of Malta in the UK, HE Mr Joseph Zammit Tabona, who signed the...
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