The Malta Business Registry has issued a notice on its website to inform practitioners, Corporate Services Providers and the public in general of an amendment which with effect from the 1st August 2024 needs to be included to the general proviso in the Memorandum and Articles of Association which will read as follows
‘Nothing in the foregoing shall be construed as empowering or enabling the company to carry out any activity or service which requires a notification, licence or other authorisation under any law in force in Malta without such notification, licence or other appropriate authorisation from the relevant competent authority and the provisions of Article 77(3) of the Companies Act shall apply’.
This amendment was made to refer to the obligations of the persons involved in a foreign direct investment to submit a notification to the National Foreign Direct Investment Screening Office should the provisions of the National Foreign Direct Investment Screening Office Act (Chapter 620 of the Laws of Malta) apply.
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