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Malta General Elections: New Government to retain Key Economic Following general elections held on 9th March 2013, after 15 years, Malta has a new party is in government. As indicated in the run up to the election, the new government is expected to continue building on existing policies in Malta’s key industries, notably the gaming, […]

Taxation on labour in Malta lowest in the EU Eurostat has published the latest figures on the taxation landscape in the EU. The summary shows that in 2011 Malta had the lowest implicit tax rate on labour: 22.7%, comparing to the EU average of 35.8%. The implicit tax rate on consumption was 19%, which was close

Malta Ratifies the Maritime Labour Convention Malta has ratified the Maritime Labour Convention (MLC) which provides for working and living conditions for seafarers while establishing fair competition criteria for ship-owners. Malta is thus ready to implement the Convention’s provisions for the benefit of individuals working on broad Maltese vessels, the operators and the Malta flag

Malta ratifies the OECD’s Multilateral Convention on Mutual Adm An increase in worldwide operations results in a shift from bilateral to multilateral cooperation of tax authorities and from exchange of information on request to other forms of co-operation such as automatic exchange of information. On 29th May Malta, among other countries, deposited its instruments of ratification

malta Global Residence Programme 2013 During a press conference held on Saturday 1st June, Malta’s Parliamentary Secretary for Competitiveness and Economic Growth unveiled the general conditions of the new Malta Global Residence Programme, 2013.  The new scheme is so far the most advantageous residence scheme available to non-EU nationals, particularly since the minimum value threshold related property investments

Malta Global Residence Programme in Force The Global Residence Programme Rules came into force as of 1st July 2013 (L.N. 167 of 2013). They are supported by relevant amendment of the High Net Worth Individuals – Non-EU/Non-EEA/Non-Swiss Nationals Rules and, as a result, introduce a more available system for third countries individuals seeking for Maltese

DigitalMalta: Malta’s Digital Strategy Digital Strategy for Malta In line with the aim of the Maltese Government to strengthen the position of Malta as an ICT hub in Europe, the authorities are currently working on a national strategy for a digital economy.  Public consultation sessions are being undertaken in this regard to frame such strategy

Malta Citizenship Programme Malta will be launching its own economic passport as a Malta Citizenship Programme.  The new Individual Investor Programme will be a good opportunity for investors to contribute to the local Maltese economy whilst at the same time benefiting from a citizenship in Malta, and European Union member state. Malta Citizenship by Investment will be

Liechtenstein-Malta Double Tax Treaty Signed On 27th September 2013, Liechtenstein and Malta signed a double tax treaty – the first tax agreement between this two countries. The treaty was signed in New York during a visit by the ministers of Foreign Affairs to the 68th session of the General Assembly of the UN. The double

Malta Family Business Act Seminar held by MAFE Legislating a Malta Family Business Act Family businesses make up the fabric of the Maltese and European economies. The survival and successful transmission of mature family business across generations are as critical to the economy as the encouragement of innovation, creativity and entrepreneurship, and should be supported

Dangers of Acquiring Citizenship by Investment For many international investors and wealthy families, the option of acquiring a second citizenship though a citizenship by investment programme, offers important opportunities for securing the future for the individual’s family members and their wealth. But does a second citizenship attract any dangers? What are the pitfalls in acquiring Citizenship by Investment?

Accolades for Malta Citizenship Due DiligenceMalta Passport Due Diligence Standards Malta has been praised for excellence in its due diligence process conducted by Identity Malta, Malta’s Citizenship Agency responsible for the processing all Malta Citizenship by Investment applications. Peter Vincent, General Counsel at Canadian firm Thompson Reuters Special Services, stated that countries wishing to adopt similar programmes should look at Malta as

€100m foreign investment in Malta industries The Government of Malta has signed an agreement with Crane Currency whereby the company will open a new state of the art facility in Malta. Crane Currency is a large American company from Boston which stands as a global player with 200 years of experience in the business of producing and

Malta-Cyprus Law Firm opens rep office in Zurich Chetcuti Cauchi Advocates, the Malta-Cyprus Law Firm, is delighted to announce the launch of its presence in Zurich, Switzerland at Seehofstrasse 4, Zurich, CH-8008. Seven years after the launch of the firm’s London office in Temple Avenue, the opening of the Malta-Cyprus Law Firm in Zurich continues the firm’s strategy to

No more roaming charges in Europe The European Commission has  pronounced the introduction  of  legalisation which will serve to end roaming charges in Europe by 2017. Until then there will be an interim period where roaming charges will be reduced by 75%. At present, most mobile operators charge higher rates when making calls, sending text messages and