Finance
Opening a bank account in Malta
With regulations and bank checks becoming tighter in the last few years, opening a bank account in an EU country has changed but not very much. Both EU and non-EU nationals can open bank accounts in Malta.
Taxation of Employment income – comparison between domiciled and non-domiciled
To fully understand the tax opportunities that arise out of taxation of non-domiciled residents in Malta, it is essential to understand the meaning of domicile and resident status under Maltese law.
Read more: Taxation of Employment income – comparison between domiciled and non-domiciled
Malta Credit Rating
During the month of August, respected international credit rating institution Fitch, has increased Malta’s credit rating from A to A+.
Proposed Changes to the Remittance Basis of Taxation
Following the 2018 Budget, delivered by the Minister of Finance earlier in October this year, one of the changes being proposed in the said Budget Bill, relates to the remittance basis of taxation.
Read more: Proposed Changes to the Remittance Basis of Taxation
Electronic Money Institutions in Malta
Electronic Money Institutions in Malta are regulated by the Financial Institutions Act, Chapter 376 of the laws of Malta (hereinafter referred to as the ‘Act’) following Directive 2009/110/EC (hereinafter the ‘Directive’) and are defined as those institutions which are licenced by the Malta Financial Services Authority (hereinafter referred to ‘MFSA’ or the ‘competent authority’) authorised to issue electronic money. Electronic Money is defined by the Third Schedule of the Act and refers to electroni...
