The factors contributing to Malta’s excellent offering as a luxury expat location of choice were highlighted in an article David Zahra wrote for ‘The Telegraph, the e-letter of the Swiss-Maltese Chamber of Commerce which was published on 28 November 2014. The article describes the recently unveiled “The Residence Programme” (for EU/EEA nationals), the “Global Residence Programme” (for non-EU/EEA...
Fitch has reaffirmed Malta’s long-term foreign and local currency Issuer Default Rating (IDR) rating at ‘A’ with a stable outlook. The country rating was published on 11 September 2014. The issue ratings on Malta’s unsecured foreign and local currency bonds were also affirmed at ‘A’. The agency affirmed Malta’s short-term foreign-currency IDR at ‘F1’ and the...
The double tax treaty between Malta and the United Mexican States came into force on 9 August 2014. This treaty affords double taxation relief in relation to (i) the federal income tax and (ii) the business flat rate tax, as imposed by the laws of the United Mexican States and income tax, as imposed by the...
his article is provided for informational purposes only and does not constitute legal advice. BY FRANCESCA FERRANDO (Francesca is currently in traineeship with David Zahra & Associates Advocates. She is currently reading law at the University of Malta and her main interests are corporate and commercial law, with a special interest in consumer law). A recent...
The right to equal pay between men and women for equal work or work of equal value has been a founding principle of the European Union since the Treaty of Rome in 1957. Despite the legal On the 8 August, 2014, the Minister for Finance issued The Residence Programme Rules, 2014 which replace The High Net...
The UCITS V Directive was published in the European Union’s Official Journal on 28 August 2014. The Directive addresses three main areas: (i) the duties, delegation, eligibility and liability of the depositary (bringing the UCITS framework in synch with the certain aspects of the Alternative Investment Fund Managers Directive); (ii) remuneration policies and practices of...
The Maltese Government is currently considering whether it should issue a sukuk (also known as an Islamic bond) to see what the reaction of the markets would be and to give a political message that this is the sort of instrument Malta is in favour of. This was confirmed in a recent interview with the Prime Minister of...
On 10 April 2014, Malta and the Republic of Moldova signed an Agreement on the Avoidance of Double Taxation. The Agreement on the Avoidance of Double Taxation, the first ever between the two jurisdictions, seeks to enhance bilateral trade and to increase investment. The main features of the Agreement on the Avoidance of Double Taxation are...
The ‘Treaty for the Elimination of Double Taxation’ signed by Malta and the Principality of Liechtenstein on 27 September 2013 has entered into force on 1 July 2014 by Legal Notice 259 of 2014. The treaty is based on the OECD Model Convention and relates to taxes on income, on capital and on funds. The treaty...
The Government of Malta and the Government of the China have signed a 5-year Medium-Term Cooperation Plan which will take the already well established cooperation between the two countries to another level. This is the first formal Medium-Term Cooperation Plan that China signed with a European country. Pursuant to the Cooperation Plan, Malta and China...
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Designed and developed by Blonde and Giant
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