18
Dec
On 11 December 2018, L.N. 411 of 2018 – European Union Anti-Tax Avoidance Directives Implementation Regulations 2018, was enacted transposing the provisions of the EU Anti-Tax Avoidance Directive – Directive (EU) 2016/1164 of 12 July 2016 (the ATAD) with effect from 1 January 2019. The main thrust of the regulations is to implement the […]
22
Nov
Scope Ratings has categorized the Republic of Malta an A+ long-term issuer and senior unsecured local- and foreign-currency rating for the first time. Scope also gave the island a short-term issuer rating of S-1+ in both local and foreign currency. All Outlooks were categorized as Stable. The new rating was based on the country’s euro […]
20
Nov
The OECD’s Forum on Harmful Tax Practices (FHTP) has decided to assess the preferential tax regimes of all zero- or low-tax jurisdictions on their substantial activity requirements, as well as on the transparency of their tax rulings. All preferential regimes for ‘geographically mobile’ income such as royalties must now meet the OECD’s Substantial Activities Requirements. […]
27
Sep
Two cryptocurrency exchanges, Bleutrade and BeQuant, revealed their plans to set up operations in Malta in separate announcements this week, following in the footsteps of several other exchanges such as Binance, OKEx and Bitbay who announced plans to move to Malta earlier this year. Bleutrade, a Brazilian cryptocurrency exchange platform established in 2014, allows for […]
27
Sep
The Chairman of the Malta Financial Services Authority (MFSA) announced that the country’s three Acts regulating Distributed Ledger Technology (DLT), such as blockchain and cryptocurrency, will come into effect on November 1, 2018. Malta has set its sights on becoming the blockchain hub of the world, and was the first country to establish a regulatory […]
11
Sep
Corrieri Cilia is delighted to announce that the firm has been selected to join the Warwick Legal Network, and is also now listed in the Legal 500 online. Corrieri Cilia is a law firm based in Malta, specializing mainly in international taxation and international business, and providing corporate, management and tax compliance services. The firm […]
31
Aug
Krypton Capital, a venture capital firm with a heavy focus on blockchain and cryptocurrency projects, has announced that they will be moving their headquarters from Kiev, Ukraine, to the Mediterranean island of Malta to benefit from the country’s favourable regulations. “Malta is regarded as an ideal destination for blockchain and crypto-related companies due to its […]
21
Aug
ZB.com, the world’s fifth largest cryptocurrency exchange by traded value, is the latest company to announce that it will be establishing its presence in Europe by launching an office in Malta, further cementing the country’s reputation as the “Blockchain Island.” According to a press release issued by the company, an exchange is set to be […]
10
Aug
Cyprus Targets Tax-Avoiding Shell Companies
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The Central Bank of Cyprus is tightening its stance against money laundering by asking the credit institutions that it regulates to avoid doing business with “shell and letterbox companies.” On June 14th, 2018, the Central Bank of Cyprus issued a circular to its supervised banks, advising them against continuing existing accounts or opening new accounts […]
08
Aug
Singapore-based digital asset exchange, ABCC, has announced its plans to establish its European headquarters in Malta, in a move aimed at strengthening its presence in the region and beyond. Additionally, the company announced its sponsorship of the blockchain-focused Delta Summit, being held from the 3-5th October in Malta. The company’s announcement to open an office […]