News & Views

Amendments to the High Net Worth Individual Scheme

22 February 2012

Following the introduction of the Scheme in September of 2011, the following main amendments have been made: Non-EU/EEA/Swiss nationals who declare that they do not intend to become a long term resident and do not spend more than 9 months in Malta in any calendar year, no longer need to enter into a qualifying contract with the Government. Only...

Air operators showing high interest in Malta

06 February 2012

In 2011 the first full year after the new aircraft register legislation was introduced, Malta registered a 21 per cent increase in registered aircraft. The latest air operator to establish a base on the island is Hangar8, one of Europe's largest jet operators, which will be chartering its aircraft from Malta, after being granted the air...

New DTA’s Signed or Ratified

31 January 2012

On 22 December 2011, by virtue of Law No. 45, Bahrain ratified the Double Taxation Agreement it had signed with Malta on the 12 April 2010. The treaty had been signed by Malta's Minister of Finance during a trade delegation in the Persian Gulf States. Given Bahrain's status as the centre of financial services in the Gulf and Middle East, such...

Malta Biggest Ship Registry in Europe

24 January 2012

Malta has certainly made the most of its position astride one of the major arteries of shipping and has steadily grown into a hub for international maritime services .Deep natural harbours are a big asset; its well-equipped ports and extensive bunkering, ship supplies and towage services are highly developed. The island's ship building and ship...

Malta’s Aviation Register Numbers up Again

20 January 2012

Following the enactment of the Aircraft Registration Act in 2010, figures just released by Transport Malta show the Maltese aviation register boasting an increase of nearly 21% over the previous year. A total of 104 craft are now listed, with a further 30 requests currently being processed, a clear indication that Malta is increasingly being...