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Acquire a Bank Licence in Malta ...

Introduction Banks in Malta are regulated by the Banking Act, 1994 (hereinafter referred to as the ‘Act’) together with the Banking Rules provided by the Malta Financial Services Authority (hereinafter referred to as ‘MFSA’), which are binding on licence holders. The business of banking is defined in the Act as the business of a person who accepts deposits of money from the public withdrawable or repayable on demand or after a fixed period or after notice, or who borrows or raises money from the public (including the ...


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The Role of the Company Secretary under ...

Prior to the enactment of the Companies Act, Chapter 386 of the laws of Malta, (hereinafter the 'Act') a company incorporated under the laws of Malta was not obliged to appoint a company secretary, albeit the role of the company secretary was already recognised in commercial practice. The obligation to appoint a company secretary for every company incorporated in Malta was only introduced with the enactment of the Act, together with a list of duties that every company secretary was bound to be responsible for and the condition tha...


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Citizenship in Malta

Malta has recently set up an Individual Investor Programme (IIP), whereby an individual of reputable standing may invest an amount of money in the State to become naturalised as a citizen of Malta, subject to strict due diligence tests and investigations. Requirements of IIP Malta is seeking to attract reputable individuals who will be a good influence on the state and who will raise the profile of Malta. The IIP will require an individual to make a contribution in the amount of €650,000 to the State, which will be invested in the eco...


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Malta among the best countries to retire ...

Malta has been placed on the list of the top 15 countries to retire at this year, by Forbes. This survey comes right after the 2013 edition of the World Risk Report, which placed Malta as the second safest country. In the retirement survey, factors such as the price of groceries, average temperature, utility costs, hospitality of the locals, real estate...


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88% find Malta Attractive for Investment ...

The 2013 edition of the EY Attractiveness Survey for Malta revealed that 88 per cent of respondents believe Malta remains attractive for foreign direct investment. The stability of the social climate, of the political, legal and regulatory environment, and corporate taxation ranked highest. To read the full article please refer to http://www.timesofmalt...


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Malta - Curacao Double Taxation Agreement initialled ...

  Malta and Curacao have started negotiating a double taxation agreement aimed to facilitate business and provide for exchange of information on tax matters to combat international tax avoidance and evasion. The agreement needs to be signed and ratified before it enters into force.


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New Individual Investor Programme in Malta - ...

The government of Malta shall set up an Individual Investor Programme enabling eligible persons to buy Maltese citizenship. The programme will form part of the Maltese Citizenship Act and will grant citizenship to foreign individuals and families who contribute to the economic development of Malta. Eligible persons will be required to pay €650,00...


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Malta one of top-20 Financial Services Jurisdictions ...

The Malta Financial Services Authority in its September newsletter has stated that according to the World Economic Forum (WEF) Malta has been classified as one of the top-20 financial services jurisdictions due to its sound banking infrastructure and Security Exchanges and significant improvement in its health and primary education sectors. Malta i...


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Malta Fully Compliant with Transparency and Exchange ...

According to the report drawn up by the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes, Malta is in full conformity with the international requirements on transparency standards and exchange of information for tax purposes. This gives testimony to the strong reputation that Malta has as a law-abiding jurisdiction. To re...


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New Guidelines on VAT Treatment of Short-Term ...

The VAT Department in Malta has issued new guidelines on the VAT treatment of short-term Yacht Chartering, where the term of the charter does not exceed 90 days. A short term charter of a yacht is a supply of a service and is therefore treated at the standard rate of VAT. However the taxation of this supply of service shall be limited to the portion of ...


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