Malta’s role as a springboard for Middle Eastern investment into Europe was the focus of David Zahra’s presentation to the Dubai Chamber and the Abu Dhabi Chamber earlier this week, as part of a trade delegation to the Middle East organised by TradeMalta and FinanceMalta. Malta, David Zahra said, had an everlasting vocation: a centuries-old trading post in...
Malta has once again been ranked among the top 5 EU Member states in a recent Competitiveness scoreboard published by the European Commission in September 2016. Malta’s ranking was based on criteria pertaining to the following areas: (i) Greenhouse gas emissions; (ii) TFP (Total Factor Productivity), an important indicator of innovation and economic growth – R&D skills;...
David Zahra, founder of David Zahra & Associates Advocates, participating in the International Bar Association’s annual conference which took place in Washington D.C. between 18 and 23 September 2016. The IBA Annual Conference welcomed a record number of over 6,000 participants and hosted close to 200 sessions, workshops and panels throughout the course of the week. The next annual...
Malta’s credit rating has recently been upgraded by Standard & Poor’s from an already positive ‘BBB+’ to an ‘A-’ by, arguably, the world’s foremost credit rating agency. The agency effected the upgrade to reflect Malta’s improved credit metrics, with the highlights being Malta’s strong real GDP growth, deficits below 1 per cent for the 2016-19...
The Council of the European Union has recently agreed on a draft directive intended to address tax avoidance measures frequently used by large companies. The directive is part of a larger package of proposals coming from the European Commission intended to increase checks against corporate tax avoidance, building on the 2015 OECD recommendations to address...
A Double Taxation Agreement was signed between Malta and Vietnam on 15 July 2016. The Government of Malta welcomed this development as a breakthrough for encouraging investment in both countries, as well as its part in the continued expansion of Malta’s DTA network. Malta has long-standing policy of signing such agreements with emerging countries in order to...
Fantasy sports games have been recently exempted from the terms of the Lotteries and Other Games Act and/or the Remote Gaming Regulations and will now no longer require a gambling license for legal operation in Malta. The change, enacted via Legal Notice 271 of 2016 and entitled the Fantasy Sports (Exemption) Regulations (S.L. 438.10), comes...
Anndrea Mercieca, from David Zahra & Associates Advocates, recently attended ‘The Yacht & Superyacht Symposium 2016?. The event was held on 9 June 2016 at the Westin Dragonara Resort and was organised by the Malta Institute of Management (“MIM”). The symposium focused on yachting within the European territories and the advantages introduced by various jurisdictions around...
David Zahra has recently spoken at a conference entitled “Fare finanza islamica da Malta: la costituzione di fondi Shariah Compliant” and organised by Bank of Valletta’s Representative Office in Milan and Valletta Fund Services. This event, held on May 18 in Milan, dealt with the opportunities offered by Malta n the Islamic Finance sector with particular focus on the...
Legal Notice 131 of 2016 (the “Legal Notice”) introduces new amendments to Malta’s Remote Gaming Regulations (the “Regulations”) establishing new obligations on entities that are licensed in terms of the said Regulations. Article 46A of the Regulations states that specified casino-type games offered under remote gaming licenses issued by the Malta Gaming Authority (MGA) shall...
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