Malta

Malta, a European country located in the heart of the Mediterranean, enjoys 300 days a year of sunny weather, crystal clear sea waters and warm climate throughout the year. English is one of its two official languages, it enjoys excellent healthcare and has a low crime rate, making Malta one of the most attractive destinations [...]
On 20 March 2020 numerous measures announced in the Budget Speech were enacted by means of Budget Measures Implementation Act. Here is a short summary of the legislative updates: Income Tax   Income tax on overtime From 1st January 2020, taxpayers may opt to have his/her qualifying overtime income subject to tax of 15%. The [...]
The Government of Malta, after negotiations with the Central Bank and the social partners of the Malta Council for Economic and Social Development, announced on 24th March 2020 a total aid package of €70 million per month. The measures announced are aimed at supporting employers who are struggling to pay salaries and preserving employment of [...]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

The MFSA has published the Financial Instruments Test and its corresponding Guidance Note, following the issuance of a previous consultation document on the matter. The Financial Instruments Test is applicable to issuers offering Distributed Ledger Technology (DLT) services to the public in or from within Malta, or anyone seeking to offer a service that falls […]