Articles & Publications
Latest Articles & Publications
Read all about the latest articles related to advisory, corporate, tax and other important topics.
Common issues related to the role of a Money Laundering Reporting Officer (‘MLRO’)
On the 6th April 2022, the Financial Intelligence Analysis Unit (‘FIAU’) has issued a guidance note entitled ‘Common issues related to the role of a Money Laundering Reporting Officer’. The purpose of this Guidance Note is to provide additional...
NOMAD RESIDENCE PERMIT – eligibility – proof of employment – required documentation
Who is eligible? Third country nationals;Anyone who can prove he can work remotely;Anyone in receipt of a gross monthly income of EUR 2,700 (minimum)[1] Proofs required for application Applicants may either be working for an employer who is registered in a...
ATAD 3 – EC targets shell companies
The European Commission has on the 22nd December 2021 proposed a directive, the main aim of which is to increase scrutiny for EU undertakings with no or minimal substantial presence and real economic activity (referred to as ‘shell companies’) to prevent them from...
Budget Measures Implementation Act
By means of Act No. VII of 2022, the Government of Malta has on the 8th February 2022, published the necessary measures which were originally announced in the Malta Budget Speech for the year 2022. The measures come into force on the 1st January 2022,...
Amendments to the Companies Act
On the 26 October 2021, Maltese Parliament enacted Act LX of 2021, which includes a number of amendments to the Companies Act. Such amendments are aimed at enhancing transparency of information concerning directors and shareholders of companies registered in...
Various amendments to the Companies Act in the pipeline
The Government of Malta has recently published Bill No. 233 which proposes a number of amendments to the Companies Act (Chapter 386 of the Laws of Malta). We have summarised below the main amendments which we can find in the Bill: Documents required to be delivered to...
An ACT to implement the Budget Measures for the financial year 2021
The Malta Government has on the 16th April 2021, by means of ACT XVIII of 2021 published and enacted a new Act which will be implementing the budget measures for the year 2021. The budget measures were announced by the Minister of Finance in his...
Investment Aid 2021 Regulations
The Investment Aid 2021 Regulations, introduced by L.N. 156 of 2021, provide assistance in the form of tax credit or a cash grant to qualifying undertakings. The aim of the scheme is to encourage the setting up of new establishments and the expansion and development...
Golden Handshakes, Termination Payments and Long-Service Awards
Maltese tax law is somewhat silent when it comes to the tax implications of golden handshakes and other payments made upon termination of employment. For such reason, in order to determine the tax implications applicable to such payments, one would need to refer to...
TAX ADVISORY sERVICES
ACT is a well-known and respected boutique tax advisory firm providing high-quality tax advice to Multinational Enterprises, SMEs including family owned and other owner-manged companies, family offices, trusts, foundations, employees and high net worth individuals.
Corporate Taxation in Malta
Maltese companies are subject to tax at the rate of 35% on their worldwide income and capital gains. Malta grants various fiscal incentives to both companies and their shareholders upon the distribution of a dividend.
Setting up a Company in Malta
Setting up a company in Malta is a relatively straight forward procedure and can be set up within 2 working days, provided we are in receipt of all the information, funds and due diligence documentation we need.
Taking up Residence in Malta
Remote Gaming in Malta
Payment Institutions in Malta
Electronic Money Institutions in Malta
Malta has recently seen an increase in the number of Electronic Money Institutions (EMIs) looking to set up their operations in Malta. This has been largely due to the growth in the e-commerce and the i-gaming industries.