Another company in the blockchain sector to move to Malta

DQR Group, which is a major player in the blockchain sector will be establishing its headquarters in Malta.  The company said it will create around 200 jobs in Malta.  It currently employs around 65 employees and has invested €6 million in operations in Malta based in two offices in Sliema Malta.  DQR Group is a conglomerate […]

Written By ACT Team

On April 19, 2018
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DQR Group, which is a major player in the blockchain sector will be establishing its headquarters in Malta.  The company said it will create around 200 jobs in Malta.  It currently employs around 65 employees and has invested €6 million in operations in Malta based in two offices in Sliema Malta.  DQR Group is a conglomerate of DQR, DQR-X, DQR-GIVE, and DQR-Services, with well-established partners Genesis Mining, Blockchain Consulting, Logos Fund, and Draglet.  

This is the third company in the blockchain sector that in the space of a few days has announced that it will move its operations to Malta after Binance and OKEx.

In February of this year, Malta has announced plans to set up a new authority called the Malta Digital Innovation Authority.  The Authority will be able to certify companies which wish to make use of DLT platforms for financial and other purposes.  Malta is fast becoming the jurisdiction of choice for Distributed Ledger Technology companies throughout the world. 

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on sbal[email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].