28 Sep 2018
Malta is currently experiencing unprecedented success within the Maritime industry, with a record number of Superyachts registered under the Malta flag. Through various efforts and incentives, Malta's shipping registry is presenting itself as a leader within the European Union as well as around the world.
With the launch of the Malta Digital Innovation Authority, innovative technologies are given the opportunity to work within an environment which has adopted a pro-business attitude towards the Blockchain industry. The authority is established in such a way as to provide Blockchain based industries with legal framework, whilst at the same time allowing the industry to further flourish.
Despite being one of the most recent Residence by Investment Programmes to be launched, Malta Permanent Residence applications hit the record high. Indeed, 1017 applications have been received to date. This success can be attributed to various factors, namely Malta's growing economy, reputability, as well as Malta's commitment towards the highest standards of due diligence with regard to prospective applicants.
Residential prices in Malta have undergone a roughly 17% year-on-year increase, pushing the country ahead of Hong Kong to the top spot for the first time in global consultancy agency, Knight Frank’s, latest Global House Price Index for Q2 2018. This leap in ranking comes in light of the ever-growing demand instigated through supply restraints, consistent vigorous economic growth, and booming technological advancements.
Malta's Financial Services Authority has announced the date in which the three Blockchain acts approved at the beginning of summer will become enforceable. By doing so, operators working within the Blockchain industry will be able to put their mind to rest that their business is operating under a secure regulatory framework. This will further establish Malta as the Blockchain Island.
The Malta Financial Services Authority (MFSA) has recently updated its Conduct of Business Rulebook, originally issued on the 20th December 2017. Further to the implementation of the EU Directive 2016/97, also referred to as the Insurance Distribution Directive, the Rulebook will now apply to insurance undertakings and insurance intermediaries as from the 1st October 2018. Moreover, industry participants are encouraged to contact the Conduct Supervisory Unit,
With the enactment of three comprehensive legislative frameworks regulating Distributed Ledger Technologies, Malta has already begun to establish itself as a Blockchain hub and has even been dubbed: The Blockchain Island. today, a €300,000 scholarship fund has been launched by the University of Malta for students to be able to obtain a Masters’ and Doctorate degree in Distributed Ledger Technology (DLT) and Blockchain.
14 Aug 2018 Chetcuti Cauchi
Recently, guidelines have been issued for the application of the Notional Interest Deduction for Maltese Companies and partnerships. This will clarify how the risk-free rate is to be calculated, and the processes which must be duly followed.
01 Aug 2018 Thea Leigh Massa
The overhaul to the Maltese gaming regime has officially been implemented as of today.
25 Jul 2018
AML Implementing procedures for gaming sector have been published following the enforcement of the 4th AML Directive.