Nomad Residence Permit
What is a Malta Nomad Residence Permit?
Residency Malta Agency together with Identity Malta Agency, has launched a Nomad Residence Permit (NRP) to non-EU nationals who would like to move to Malta and can work remotely in Malta using telecommunications technology.
The Nomad Residence Permit (NRP) can be issued in the form of a residence permit for one year and renewed thereafter or in the form of a National Visa in case of applicants who are interested in residing in Malta for less than a year.
The applicant is required to determine the intended duration of stay in Malta before the submission of the application with a letter of intent.
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Malta Company Service Providers Regime 2021
Amendments to the Company Services Providers Act
The Malta Company Service Providers (Amendment) Act 2020 came into force on 16 March 2021 through Legal Notice 96 of 2021. This reformed Act also brought with it an overhauled Corporate Services Provider (“CSP”) Rulebook .
Malta CSPs must apply for their licences under the impending deadline of 16 May 2021. CSPs who were already listed with the Malta Financial Services Authority (“MFSA”) before this reform need also ensure full compliance with the new amended rules with a deadline expiring on 16 September 2021. Both groups of CSPs must look intensively at their new obligations under the new Rulebook.
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Malta Company Formation
Malta Trading Company
Your gateway to Europe & the World
Malta has a stable political climate and a bi-partisan political scene that is largely convergent on issues of national and economic importance. The country is considered to be one of the best performing Eurozone economies, with steady economic growth and a low unemployment rate. Malta Trading Companies are excellently poised to provide international entrepreneurs with the ideal platform for the establishment of international trading activities. A Malta Trading Company may be utilised for numerous trading activities such as but not limited to, information technology & telecommunications, e-commerce, market research, i-gaming, financial services, pharma, shipping and aviation, as well as, oil and gas.
The team at MK can help you draft the necessary legal documentation to be listed on the Malta Stock Exchange, as well as help you to establish a commercial partnership in Malta – supplying all the supporting and ancillary services necessary to this end.
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BREXIT. QUO VADIS?
The article was written by Dr Michael Carbone
Today, a ‘No Deal Brexit on 31 January 2020 remains a real possibility. Put simply, a ‘No Deal Brexit’ means that the UK leaves the EU without having reached an agreement on the terms of its departure and the future relationship. This article looks at the effect of No Deal Brexit on the enforcement of UK judgments in the EU and vice versa. (more…)
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Summary of Malta’s Budget 2020.
ECONOMIC PERFORMANCE
In the first six months of the year, the Maltese economy grew more than three times the European Union (EU) average rate of 1.4%. The unemployment rate as at June 2019 remained at 3.4%, whist the unemployment rate for 2020 is anticipated to be 3.5%, (more…)
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Does the recent amendment limit the amount of moral damages granted by the Courts?
The article was written by Chantal Bezzina
Under the Maltese Civil Code, damages may be awarded for either tortious liability or contractual liability. In respect to the former, an action for damages will aim to place the individual in the same position before the damage occurred, and in respect to the latter, the action may be brought to either enforce the contract, or to liquidate damages for failure to perform such contract. (more…)
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Maltese Court Landmark Judgement – Precautionary Acts must be followed by proceedings in the EEA
The article was written by Dr Adrian Mallia
A recent landmark decision by the First Hall of the Civil Court has confirmed for the first time that in order for a precautionary warrant to remain in force, it must be preceded or followed (within 20 days), by a court case filed in Malta or in the European Economic Area (EEA). (more…)
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Doing business in Malta
The article was written by Jonathan Said
Why should you do business in Malta?
Malta really does have it all. From 300 days of sunshine every year and convenient proximity to Europe, Africa, and Asia, to a flexible regulatory and legal framework that supports the conception and growth of business industries- its popularity continues to grow year on year. (more…)
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Pre-1995 Leases in Malta
The article was written by Jessica Azzopardi
Recently, the Maltese courts may have possibly brought about the beginning of the end of a legal and social question concerning landowners who were, and still are, subjected to pre-1995 rent laws. The judgement given in Anthony Debono et v. Avukat Generali et., may prove to be a milestone in Maltese rent laws. (more…)
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David against Goliath – Libra vs Central Banks: Who will win?
The article was written by Dr. Justine Scerri Herrera
Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination – did I miss any? (more…)
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