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Budget 2021 Highlights

The thrust of the 2021 Budget presented in Parliament by the Minister of Finance, focused on sustaining the Malta’s economy in the midst of the pandemic to soften its fallout…

BOV-MDB COVID Assist’ finance scheme

Bank of Valletta in collaboration with the Malta Development Bank (MDB) launched the ‘BOV-MDB COVID Assist’ finance scheme to assist local businesses to overcome the COVID-19 liquidity difficulties. Loan amount…

COVID-19 Guarantee Scheme (CGS) for new bank facilities

The Malta Development Bank (MDB) announced the guarantee scheme (CGS) to commercial banks in order to enhance the bank finance to businesses that are suffering liquidity shortage as a result…

COVID-19 Employment Aid Measures

The Government announced another set of measures to aid businesses hit by the Coronavirus crisis. These measures should stimulate businesses to retain their employees in this difficult period. All the…

The Private Residential Leases Act, 2019

Enacted by virtue of Act XXVIII of 2019, the Private Residential Leases Act (hereinafter referred to as the ‘Act’) aims to regulate the contractual relations between lessors and lessees and…

Malta Budget 2020 Highlights

The thrust of the 2020 Budget presented in Parliament by the Minister of Finance, continued on the concept focusing on growing Malta’s economy and focussed on three pillars, namely rewarding…

Changes to Annual Leave conditions and issue of payslips & other relevant payroll updates for 2019

Annual Vacation Leave With effect from 1 January 2019, the Annual Leave National Standard Order (L.N. 271 of 2018) will come into force in conjunction with the amendment rules as per L.N.…

Malta Budget Highlights 2019

  The thrust of the 2019 Budget presented in Parliament by the Minister of Finance, is based on the premise of reaping the rewards of the country’s economic success.  …

The new General Data Protection Regulation-A Synopsis

What is the General Data Protection Regulation? The General Data Protection Regulation or GDPR will come into effect across the EU on the 25th of May 2018 repealing the current…

L.N. 374 of 2017 – Companies Act (Register of Beneficial Owners) Regulations, 2017

These Regulations implement the provisions on beneficial ownership information of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 as applicable to commercial partnerships…

LN 228 of 2017 – Voluntary Occupational Pension Scheme Rules, 2017

In a bid to encourage both employers and employees to set up occupational pension, the Government introduced, through LN 228 of 2017, the Voluntary Occupational Pension Scheme Rules 2017. These…

BOV JAIME Financing Package

This package targets any form of SME businesses to obtain financing up to €200,000. Finance can only be obtained for capital investment. Finance for purchase of stock is only considered for…

Jobsplus Scheme ‘Access to Employment (A2E) scheme’

Scope Scheme is intended for the recruitment of unemployed and inactive job seekers. Recruitment should be on a full time basis of 40 hour week or part time (20 hours…

Malta Budget Highlights 2018

The thrust of the 2018 Budget presented in Parliament by the Minister of Finance, focused on gearing up for future challenges as well distribution of prosperity and achieving social justice…

Open Aid Schemes

Malta Residence and Visa Programme

Malta offers various options for Non-EU nationals who intend to come and reside in Malta. One of the options available in Malta relates to the Malta Residence and Visa Programme…

Transfer of a Registered Office of a European Company (SE)

Transfer of registered office to Malta   The following documents must be delivered to the Registrar of Companies in case of transfer of a registered office of an SE to…

Family Business Act- How can this help your family business?

1. Introduction Effective date 1st January 2017 Scope To promote the smooth transition and change of ownership in Maltese Family Businesses by creating tax and monitoring incentives to encourage growth,…

New EU accounting directive and implications on the filing of accounts to the Registrar of Companies

The New EU Accounting Directive has been implemented into Maltese legislation, resulting in changes to the accounting framework as well as filing requirements for Malta Companies. Company directors should be…

Malta Budget Highlights 2017

  The thrust of the 2017 Budget presented in Parliament by the Minister of Finance, focused on continuing prosperity whilst achieving social justice to ensure that everybody improves in one’s…

SME Diversification & Innovation Grant Scheme

Scope Scheme is aimed to encourage investment in the innovation and diversification to ensure that enterprises react timely to operations challenges such as market saturation. The scheme is administered by…

SME Internationalisation Grant Scheme

Scope Scheme is aimed to support SMEs by part-finance cost to actively participate in International Business Promotion Fairs held outside Malta. The participation should be aimed to the internationalization of…

Investment Aid for High-Efficiency Cogeneration

  Purpose This scheme is targeting entities who invest in cogeneration equipment (i.e. energy efficient solutions that simultaneously generate thermal energy & electrical and/or mechanical energy). The energy generated from…

Investment Aid for High-Efficiency Cogeneration

  Purpose This scheme is targeting entities who invest in cogeneration equipment (i.e. energy efficient solutions that simultaneously generate thermal energy & electrical and/or mechanical energy). The energy generated from…

Seed Investment Scheme (Income Tax) Rules, 2016 (Legal Notice 232 of 2016)

Effective Date – 1 January 2016 until 31 December 2018   Benefit – A tax credit will be granted to natural persons (individuals) investing in start-up businesses (hereinafter referred to…

Business Enhance ERDF Grant Schemes

The Business Enhance ERDF Grant Schemes initiative will assist enterprises across the board to maximise their investment and growth potential, to create further employment opportunities and render them more competitive.…

LN 205 of 2016 - Duty on Documents and Transfers (Amendment) Rules, 2016

As from first (1st) June 2016, the value of the property subject to duty, transferred inter vivos or transmitted causa mortis, has been amended. Rule 3 which relates to this…
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