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Medical Cannabis

As of March 2018, Malta legalised the production of cannabis for medicinal and research purposes through the Production of Cannabis for Medicinal and Research Purposes Act. The Maltese government sees the production of Medical Cannabis as a progression within its life sciences sector, which already includes the production of pharmaceuticals, active ingredients, medical devices, testing…

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MALTA WORK PERMIT

MALTA WORK PERMIT / MALTESE EMPLOYMENT LICENSE Third country nationals may apply for a single permit authorising them to legally work and reside in Malta. Applicants are provided with a permit which incorporates a residence permit and an employment license which is usually granted for a year and may be renewed. To get the process…

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MALTA RESIDENCE VISA PROGRAMME (MRVP) COSTS

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…

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Payment Institutions

Payment Institutions are regulated entities under the Second Schedule to the Financial Institutions Act (FIA). They provide global services to companies and merchants in Malta and are regulated under the FIA which is the key act transposing the EU Second Payment Services Directive. Payment Institutions must make use of their funds exclusively in the interest…

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Transfer of Shares in Malta Companies

Transferring of shares in private limited companies in Malta is a simple and straightforward process. Following the drafting of the share transfer agreement, one is to submit to the Malta Commissioner for Revenue a statement prepared by a Certified Public Auditor stating whether the transfer of shares constitutes the transfer of a controlling interest in…

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IIP Statistics and Maltese Passport

As already specified in the Malta Citizenship Programme regulations, the number of successful applicants who will be granted the Maltese Passport is capped at 1,800, after which the programme will be stopped. According to the latest statistics issued in 2018, the total number of applicants who have been granted approval for the Maltese passport through…

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