News & Views

New Malta Aviation Organisation Launched

18 August 2014

For decades Malta relied heavily on the aviation industry as a pillar supporting its all-important tourism industry, as well as for importing and export. More recently the jurisdiction significantly reviewed legislation pertaining to the aviation sector and now offers a stable, streamlined and innovative legal framework for the registration of...

Economic and Market Overview Report

06 August 2014

The Economic and Market Overview report recently published by MFSA explores the current economic performance of Malta and the Euro Area. The report presents various economic and financial services statistical data and trends, an analysis of the economic outlook for both Malta and the Euro Area, as well as an overview of the Banking Union...

Clarification of Taxation of Non-resident...

01 August 2014

A self-managed Collective Investment Scheme (CIS) that is licensed in Malta is obliged to set up an in-house Investment Committee, composed of a minimum of three qualified members, at least one of who must be resident in Malta. While the Investment Committee may delegate day-to-day management of the fund assets to portfolio managers, it is...

One-stop-shop Application Service for...

30 July 2014

The Employment and Training Corporation (ETC) and Identity Malta recently announced the establishment of a one-stop-shop application service for the majority of Third-Country Nationals (TCNs) wishing to reside in Malta for the purpose of work. A single simplified procedure, for TCNs, excluding those who fall within certain categories as listed...

Introduction of New Tax Incentives to Encourage...

29 July 2014

A new bill published recently is aimed at amending the Income Tax Act to introduce new incentives to encourage savings. A provision will be introduced to provide an exemption on interest payable to an individual: From a bank located anywhere in the EU on any sum of money deposited in a specially designated bank account AND From any EU government...