A Malta Professional Investor Fund is a type of collective investment scheme which providesa lighter regulatory regime and more flexibility than traditional UCITS and AIFs. They are ideal forinvestors   who want toventure out into non-traditional or specialist investments,such as private equity or immovable property.The Malta Professional Investor Fund regime is targeted at certain investors who…

A Malta Captive insurance undertaking (also known as an affiliated insurance undertaking)is an entity owned either by a financial undertakingor by a non-financial undertaking, the purpose of which is toprovide insurance cover exclusively for the risks of the undertakingor undertakings to which it belongs or of an undertaking orundertakings of the group of which it…

Malta Trusts have gained momentum since the enactment of the Trusts and Trustees Act in 2004. Prior to this date, trusts were not recognised under Maltese law, since the Maltese private law is largely based on the Civil Law tradition. The key players in a Malta Trust are (i) the Settlor being the person or…

In its latest review, Fitch forecasts Malta’s real GDP will contract by 6.9 per cent in 2020, ‘a moderate downward revision’ from its April review (5.9 per cent), saying declining net exports played a significant role in the change. The credit ratings agency said Malta’s tourism sector suffered a large contraction in the While there…

A number of incentives are available to entities registered as a family business in terms of the Family Business Act, Chapter 565 of the Laws of Malta (“the Act”). Such incentives are available up to the end of 2020 and include reduced stamp duty of 1.5% on the transfer of the business from the parents…

The Malta Residence and Visa Programme does not restrict applicants to stay in Malta for a minimum amount of days or pay any annual tax.However, if an applicant spends more than 183 days in Malta, they are required to be registered for tax purposes. The main applicant is required to satisfy a ‘fit and proper…

Remote gaming regulation was originally established in Malta in 2004, however since then the remote gaming industry in Malta has grown and developed, becoming one of the largest and best regarded jurisdictions in the world. In a nutshell – Why Malta? Malta offers several attractive factors for the remote gaming operators wanting to establish themselves…

Malta has been a leader in respect of online gaming regulation for almost two decades now. Since the 2000s the iGaming industry in Malta has witnessed a remarkable and rapid growth. Malta has clearly become the jurisdiction of choice for many operators. Malta in fact boasts of regulating some of the world’s largest and leading…

In the light of the pandemic the International Accounting Standards Board has issued an amendment to IFRS 16 Leases to facilitate the accounting treatment for lessees when it comes to covid-19 related rent concessions. This amendment permits lessees to elect not to assess whether rent concessions received as a result of the covid-19 pandemic (and…

The value of having a second Maltese passport Studies have shown that the majority of people would be interested in obtaining a second passport, with an EU passport is most desired given the visa free access it grants to various countries both within and outside the European Union. Apart from travel benefits, applicants would also…