Malta has set up the National Foreign Direct Investment Screening Office, intended to screen and vet potential applications for foreign direct investment into Malta. The scope and remit of the Office shall be to screen new FDI projects, joint ventures with a foreign component and the transfer of any shares and/or controlling interests in existing companies...
The introduction of the Companies Act (Shipping and Aviation Cell Companies) Regulations (the “Regulations”), has allowed companies in the shipping and aviation industry to create cell companies. Similarly, a company already engaged in such business may convert its structure into a cell company, provided that such change is authorised by the memorandum and articles of...
Public limited liability companies which could not hold their annual general meeting due to the restrictions in place during the COVID-19 pandemic may apply for an extension of the time period by which they are to hold their meeting. The Companies Act (Public Companies – Annual General Meetings) Regulations, 2020, published on 10 July 2020, is...
Company lawAdditional BO obligations introduced
July 14, 2020
The coming into force of Legal Notice 247 of 2020 has made further amendments to the Companies Act (Register of Beneficial Owners) Regulations, 2017 (the “Regulations”). Whilst previously, the Regulations imposed no annual filing requirement in relation to beneficial ownership information, the newly introduced Regulation 6A stipulates that upon each anniversary from a company’s date...
Following the implementation of Act No. XXXI of 2020 (the “Amendments”), the Companies Act (Cap 387 of the laws of Malta) (the “Act”) has undergone several amendments in relation to the disqualification of directors. Prior to the Amendments, the grounds for disqualification of a director were limited to interdiction, incapacitation, minors (if not emancipated), a...
COVID-19COVID-19 benefits terminated
June 5, 2020
The Government has announced that persons who have been classified as “vulnerable” and who had been asked to stay home are to receive their last benefit payment on Thursday 4 June, as they are to return to work on Friday 5 June. Benefits being received by parents who had to suspend their employment to take…
The COVID Wage Supplement implemented by the Government of Malta in response to the COVID-19 pandemic, originally intended to ver the months of March and April, has been renewed for a further two months that is to cover May and June. This measure is intended to ease the effects of the pandemic on businesses and...
The 4th Anti-Money Laundering Directive, as implemented by the FIAU Implement Procedures, made it a mandatory requirement for the Malta Business Registry to establish a beneficial ownership registry. Every Maltese company and any other commercial partnership is obliged to disclose the details of the natural person/s considered to be a Beneficial Owner by submitting a...
COVID-19Firm NewsSeminars & ConferencesDZ&A to participate in AIJA’s discussions on post-COVID panorama
April 25, 2020
David Zahra will be joining speakers from all over Europe during AIJA‘s virtual gathering with its Italian speaking members, colleagues and friends on Tuesday 28 April, from 12:00 to 13:00 CET on Zoom. Themed ‘Il panorama post coronavirus: tra restrizioni agli investimenti stranieri, nuove prospettive di business e contenzioso’, the gathering is organised and moderated by Francesca...
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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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