Malta Medical Cannabinoids Advice

As of March 2018, Malta legalised the production of cannabis for medicinal and research purposes through the Production of Cannabisfor 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 and batch release operations, research and clinical work, dossier building and so much more.

Since the enactment of the law, Malta Enterprise has received 50 project applications and 24 of them have been granted a Letter of Intent outlining an in principle approval of the project.

Medical Cannabis is seen as an opportunity for Malta to attract investment and boost its economy through job creation and taxation. Once operational, these projects are expected to create over 700 new full-time jobs and supplement Malta’s exports by over €900M by 2022, mainly to European Union markets.

Malta has been successful in executing its mandate through two key government entities working together. The Malta Enterprise is the agency focused on attracting foreign investment and providing potential partners with any necessary guidance and support. On the other hand, the Malta Medicine Authority assists companies applying for the pharmaceutical standard of Good Manufacturing Practices (GMP) to cannabis-based treatments.

All Medical Cannabis products must meet the stringent European GMP certification standard, which represent the highest levels of standards and traceability. Furthermore, Malta’s regulator for the Medical Cannabis sector is the Medicines Authority which is recognised by both EMA and FDA. Both these factors should enhance Malta’s appeal as a jurisdiction to invest in.

 

Malta Gaming Authority (MGA)

It is quite natural for you to face challenging situations while starting any business. These might consist of hiring workers, management of cash flow, management of time, formulating marketing strategies, getting rid of self-doubts, and so forth. In such situations, you will be in need of legal services for providing you with legal advice. Moreover, the presence of a legal advisor will prevent you from performing any illegal work which might be detrimental to your company. 

Here, we have stated some circumstances when your business will require legal services in 2021.

1. Expanding your business

In case your company is running well and you want to expand it, some assistance will be needed by you when it comes to legal matters. You might be searching for innovative items and services for satisfying your clients while expanding the business. It is also possible that you might skip any legal formality while doing so as well. Even though business expansion might appear to be a simple task, it is not that in reality. Competent legal support service is going to provide guidance to you while expanding your company so that you are able to concentrate on other essential aspects of your business. 

2. Solving issues

A professional legal service company is going to provide support to you every time you need them. Besides fixing your issues, they will likewise help you to control them so that they don’t creep up once again in the future. Even though recruiting your employees and sacking them might seem to be a simple task, it is not the actual fact. Although you might be able to save lots of cash by rehiring, you must know the rules and regulations beforehand. A legal service company will assist you to perform these chores in an effortless manner.

3. Safeguarding your company

Although you need to be very careful while operating a business, it might be essential for you to take some risks from time to time. None likes their companies to encounter legal issues which can impede the smooth functioning of the company. Legal issues are quite tough to stay away from and they might be quite costly as well as bothersome if not taken care of properly. A legal service will help you to get the job done easily.

In case you are a resident of Malta and would like to regulate gambling activities in that location, then Malta Gaming Authority will come of use to you. In fact, Malta Gaming Authority (MGA) happens to be Malta’s gaming control board which regulates all types of gambling in Malta such as casino and slot machines, lotteries, betting offices, and fantasy sports. 

EMD happens to be a multi-disciplinary company in Malta which provides legal, corporate, advisory, and tax services. The legal arm of the firm known as EMD Advocates offers a formidable global legal practice while focusing on several niche areas such as iGaming, tax laws, financial services, intellectual property, yacht and ship registration, employment law, construction law, etc. Apart from this, the company also offers services in the field of recruitment and human resources, ICT, and so on. 

Know in detail about the Malta citizenship program

 Planning to become a permanent resident of Malta? Already working in Malta and want to shift there permanently. Here comes the unique program Malta citizenship program. Know in detail about it below. You have to go through various investment and qualifying tests to get selected through this program. Through this program, you can acquire strong and stable citizenship favor in the 21^st century. The Malta citizenship program is not an easy program to regulate and operate further.

Malta citizenship requirements

Malta citizenship program regulations have certain requirements for various aspects. For Malta citizenship passport requirements following criteria need to be fulfilled.

·         The one who should be 18 years old and should maintain proper health.

·          The two conditions need to be followed. After one year 6.5 crores contribution to Malta and after 3 years 5.2 crores contribution to Malta is required.

·         Buying a property or a rented house in Malta requires 6.1 crores per year.

·         4.4 Lac per person should have the dependent amount to avail of this program.

These are the simple criteria that need to be fulfilled for availing Malta citizenship program.

Benefits of Malta citizenship program

Being an Indian you can avail certain benefits from the Malta citizenship program.

·         The fast process is available for the citizenship program. Almost 1 to 3 years is enough to avail this program benefits.

·         You can avail of the residency until your passport is being issued. Hence this is one of the great facilities for Indian people.

·         Free healthcare education with high-quality intelligence is also provided under this citizenship program.

·         Other than this country one can travel to Canada, the UK, the US using the same visa.

·         Freedom and approval to live life accordingly are also unique features under this program.

What is Malta’s aircraft registration data protection law?

The aircraft registration act came into effect on 6 July 2021. The amendment that falls under this is being summarized below.

Registration mark

The aircraft registration act provides details about registration marks available in greater amounts. It is limited to the group and the three Roman characters define the mark. Roman character or Arabic numbers mark the registration list.

Data protection law

Data protection law is the latest law that defines the protection of data safely and securely. In this law, the effect of cybercrime is being defined. Due to excess cybercrime and hacking data protection law came into effect.

Bottom line

Malta citizenship program provides you exceptional benefits which you need to grab. Data Protection law is the latest law. Grab the golden opportunity and be a resident of Malta by following the criteria of the citizenship program. Think beyond and discover the unique features of this program.

Grab the knowledge about Malta company

 In Malta, reputed financial services are offered. To track the competitive environment and deal with the international investment as well as business Malta company had come up with a unique financial services center. The people who want to use Malta as a base for international activities should follow judicial law. Malta company have a wide range of benefits and the running cost is low. The various types of tax incentives are also being included. To know more have a look below.

How to avail of a residence card in Malta?

The residence card in Malta requires 4 ways to opt.

Temporary residence

The ordinary residence, temporary residence in any country requires a residence card. In temporary residence, six months duration is enough. You can apply for residence through EEA or EU.

Long term residence

For long-term residence, one needs to apply for residing five years consecutively in Malta. In these five years, an applicant should not leave the country for more than six months.

Ordinary residence

The ordinary residence is a type of scheme applicable only for Switzerland, Norway, or Iceland. You just need to be financially independent and you will get this benefit.

Taxation under an ordinary residence

The one who is a resident of Malta but not domiciled will pay tax on a remittance basis. The foreign-sourced income will not be taxed unless you bring them to Malta.

What is MRVP?

MRVP stands for Malta residence and visa program. This program is for those people who reside in Malta. They can avail free travel benefits within European Union countries. They can also reside and settle down In Malta.

One applicant can apply including their spouse, partner, children under 18 years. The child should not be married. The main application includes the main applicant. Establish tax residency in Malta requires at least 180 days per year.

The top law firm in Malta

The top tier law firm in Malta provides you with certain benefits have a look below.

Best lawyer

The top-tier law firm is capable of working consistently and practice the legal work. They work better with the competitive market and have the best lawyer in their firm. The multiple practices will give incredible results and hence they are the best.

Diverse client

Depending upon your case you will always need to hire a lawyer who can solve your case. A top-tier firm has a diverse clients. They provide a legal variety of services to their equipped clients.

Reputation

The full-service law firm is a well-known firm that has the potential and reputation. They provide excellent service to their client which can thrive the nature and detain the working style.

Bottom line

Get the best service in Malta. Enjoy the financial services and residency in Malta. Grab the opportunity to get all residency benefits in Malta. Avail residence card to enjoy the services.

Malta Professional Investor Fund

A Malta Professional Investor Fund is a type of collective investment scheme which provides a lighter regulatory regime and more flexibility than traditional UCITS and AIFs. They are ideal for investors  who want to venture 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 must satisfy certain criteria which would render them eligible to invest in the fund. The said criteria are based on the participating investors’ wealth and experience, with the regulatory regime being relaxed proportionally to the minimum entry threshold required from each individual investor.

The minimum investment threshold for Malta Professional Investor Funds is €100,000 or equivalent in any other currency. The total amount invested by each investor may not fall below this threshold at any time during the operation of the fund unless this is the result of a fall in the net asset value.

The Malta Professional Investor Fund may be a self-managed fund, or the management may be entrusted to an external fund manager. If the fund is self-managed, the initial paid up share capital should not be less than €125,000.

A Malta Professional Investor Fund is exempt from any risk spreading and/or diversification requirements and is not subject to borrowing or leverage restrictions.

Furthermore, a Malta Professional Investor Fund may be listed on the Malta Stock Exchange, which is currently the only, recognized investment exchange in Malta.

EMD can assist you with advice and assistance in obtaining a Malta Professional Investor Fund License.

EMD also provides more services like:                

Malta Aircraft Registration

Malta Divorce Lawyer

Family Law Malta

Divorce under Maltese Law