News & Views

Gaming Licences up by 25%

07 November 2014

In a recent announcement, the Lotteries and Gaming Authority (LGA) announced that the number of licences issued in the first half of 2014 went up by 25% to 401 when compared to 321 in 2013. The sector currently contributes 12% to Malta's GDP, employing over 8,000 people , with the number of registered companies now up by 17% to 258, whilst...

Positive Assessment for Maltese Economy

04 November 2014

According to the Autumn Economic Forecasts published by EU Commission this morning, economic activity in Malta is set to continue outperforming weak growth elsewhere in the EU and a strong rebound in investment is projected to boost growth to 3% in 2014. On the other hand, the budget deficit, which according to the Commission's assessment will...

New Requirements for Online Forex Trading

02 November 2014

The Malta Financial Services Authority (MFSA) has issued a Notice regarding applicants that who would like to carry out online forex trading and wish to apply for a Category 2 or Category 3 Investment Services licence in terms of the Investment Services Act in order to carry out online forex trading. The Notice was issued in response to factors...

51 Jurisdictions Sign Agreement on Automatic...

01 November 2014

A major breakthrough towards more tax transparency was accomplished at the seventh annual meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes held on the 29th of October, with 51 jurisdictions (Malta included), signing a Multilateral Competent Authority Agreement (MCAA), committing formally to...

Malta Second Globally for Quality of Foreign...

31 October 2014

The IBM Global Location Trends Report 2014, which takes into account the foreign direct investment (FDI) projects approved last year has ranked Malta second worldwide for the quality of FDI it attracted. The report measures FDI success on different tracks, including the type of investment projects and their value to the economy. Ireland placed...