Malta
14
Feb
OECD Pushes for Corporate Tax Rules Overhaul
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The 36-member state OECD has revealed that there is growing consensus behind a US proposal for an overhaul of global corporate tax rules, which would limit the ability of multinational companies to shift profits to low-tax jurisdictions. Earlier this year, the organisation put forward four different proposals to redesign corporate tax rules to address issues raised […]
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 […]
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 […]
20
Jul
The world’s first blockchain and cryptocurrency stock exchange was inaugurated in Malta yesterday, with the creation of a new subsidiary by the Malta Stock Exchange which will become its Fintech and Digital Asset arm. The subsidiary, MSX, will be able to operate in the private and technology sectors with joint ventures in the blockchain industry. […]
19
Jul
Amendment to VAT Yacht Leasing Guidelines
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The VAT yacht leasing scheme has recently been a bone of contention for the EU and Malta has sought to appease the EU by amending the Guidelines Regarding VAT Treatment of Yacht Leasing. Click here for the Guidelines. These Guidelines state that should a lessee be provided with an option to purchase a vessel, being […]
05
Jul
Yesterday, the Maltese Parliament approved the three Bills that will set up the Malta Digital Innovation Authority, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. The Digital Economy Secretariat described the three laws, which will establish the regulatory framework for distributed ledger technologies, as the first of their kind in the world. […]