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A Holding company is a company that owns assets but does not have any operations or active business itself. The company could be a limited liability company or a limited partnership company. The type of assets held by the company are mainly shares in other companies.
On the 16th June 2020 the Government issued new regulations under the Companies Act entitled the Companies Act (Shipping and Aviation Cell Companies) Regulations. These regulations aim to create a new structure to be used by companies operating in the shipping and aviation business, by means of cell companies.
The Malta Citizenship by investment programme (MIIP) will be retained, Prime Minister Robert Abela confirmed, stating that he is prepared to introduce any due diligence changes necessary. The Prim Minister insisted that, the scheme has brought a lot of good to the country and preserving this programme is important.
On the 21st February 2020, Legal Notice 31 of 2020 was published, bringing with it various important amendments to the Merchant Shipping (Shipping Organisations – Private Companies) Regulations.