Corporate insolvency and personal bankruptcy scenarios bring with them a number of legal issues affecting the rights of all stakeholders, the ranking of creditors, and the compliance with various legal procedures intended to safeguard the interests of all the parties involved.
At ACT, we provide comprehensive guidance and assistance to shareholders, creditors and other effected persons in relation to liquidation or bankruptcy proceedings and other formalities involved in the winding up process.
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Our services include:
(a) Preparation and submission to the Registry of Companies of the pertinent documentation to place a company into liquidation;
(b) Acting as company liquidators;
(c) Preparation of resolutions and other pertinent documentation in connection with the liquidation of the company;
(d) Advice and assistance on the various modes of how a company can be placed into liquidation;
(e) Preparation of winding up accounts and schemes of distribution;
(f) Liaison with the Maltese authorities on various liquidation matters.
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.
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.
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.