Malta Company

 

Malta Company Formation & Incorporation

The process of company formation and incorporation in Malta is set out by The Malta Companies Act which is modelled on its UK counterpart. Maltese business owners can therefore enjoy a simple, straightforward Malta company incorporation procedure. When a Malta business is formed, the company may be registered within a day of receiving all required Maltese company documentation, information and funds from the Registry of Companies in Malta.

There are numerous financial and operational benefits associated with registering a business in Malta. If you’re a Maltese business director, or are considering the formation of a Malta registered company, read on to find out just what to expect from your swift and smooth business incorporation process:

Requirements & Restrictions of company formation and incorporation in Malta

Malta company law does not impose any restrictions on the nationality and residence of the shareholders and directors of a Maltese business, or that of the company secretary. Furthermore, provided the business operation in question is legal, there are no restrictions on the types of activities that a company in Malta can carry out following its successful registration and incorporation. However, the activities of certain Maltese businesses may be regulated by local authorities such as the Malta Financial Services Authority (MFSA) or the Malta Lotteries and Gaming Authority (LGA).

The Maltese Companies Act states that the minimum share capital of a company registered in Malta is €1165. At least 20% of this must be paid upon subscription, and deposited in a bank account under the name of the Malta registered business.

Directors

When forming a Maltese registered business, bear the following conditions in mind:

A Malta company is required to have at least one director, who may also act as the company secretary in certain cases.

It is possible for a body corporate to act as the director of a Malta business, although the role of company secretary must be filled by an individual.

Maltese business laws also state that an individual can be both a company director and shareholder.

Shareholders

For successful Malta company formation and incorporation, Maltese law generally requires that a business has at least two shareholders; however, it is possible to successfully register a Maltese company with only one shareholder provided the company fulfils certain conditions. Shareholders in Maltese businesses can be either individuals or corporate bodies, and it is possible for the shares in a Malta company to be held by an authorised fiduciary, thereby keeping the identity of the beneficial owners fully confidential. A Maltese company is also required to hold a members’ Annual General Meeting (AGM) at least once every year.

Auditing

A registered Malta company is required by law to submit an annual return to the Registrar of Companies, and to have all annual financial statements audited.

Company Tax

Malta also offers a very attractive tax system that can be highly beneficial to companies registered in the country. to download our comprehensive fact sheet on For a Malta company formation process that is quick and straightforward, turn to EMD’s group of Maltese business experts. EMD’s Malta business experts can advise and assist you with your Malta company incorporation procedure, so you can be sure of meeting the legal requirements for successfully establishing a Maltese company and becoming a Malta business owner.

Aircraft Registration Malta

 

The Malta Aircraft Registration Act 2010

The Malta Air Operators Certificate (Malta AOC) and Aircraft Registration Malta Act 2010 consolidates the previously existing laws on aircraft registration. Through the establishment of an ambitious aircraft register and the setting up of the Malta Transportation (Regulatory) Authority, Malta is now also well positioned into one of the EU’s most topical business opportunities.

The Malta Aircraft Registration Act provides for the innovative concept of the registration of aircraft under construction. Such can be registered so long as such aircraft is uniquely identifiable. The Malta Aircraft Registration Act endeavors to limit nationality and form requirements in order to make the register accessible to as many owners and operators as possible, while ensuring that the register is not open to anyone and everyone.

To this effect the Malta Aircraft Registration Act prescribes those persons who are qualified to register an Aircraft whether used for the provision of air services or otherwise. These include:

• Citizens of Malta who have approved residence in Malta and citizens of Member States of the European Union, EEA State or Switzerland. Such individuals must have a place of residence or business in Malta, the European Union (EU), the European Economic Area (EEA) or Switzerland;

• An undertaking formed and existing in accordance with the laws in Malta, a Member State of the European Union, the EEA or Switzerland. In terms of the Malta Aircraft Registration Act, the undertaking must have its registered office, central administration and principal place of business within Malta, the EU, the EEA or Switzerland, whereof not less than 50% of the undertaking is owned and effectively controlled by the Government of Malta or by the Government of any other State of the EU, or by the persons abovementioned in paragraph (a), this requirement ought to be present indirectly or directly through one or more intermediate undertakings.

In accordance with the Malta Aircraft Registration Act, a natural person who does not qualify under paragraphs (a) and (b) above, but is a citizen of or an undertaking established in an approved jurisdiction shall be qualified to register aircraft in construction or one which is not used to provide an air service. This delineates the legislator’s intent to widen the scope of the Malta Aircraft Registration Act and consequently expand the range of those who could register under this law. This extends the possibilities for those owners of aircraft who will be using their aircraft for private use and not for hire or reward as prescribed by the pertinent legislation.

Malta VAT Treatment on Aircraft Leasing

The Maltese VAT Department has also recently launched a new aircraft leasing procedure, making Malta an attractive jurisdiction for aircraft registration for both private and commercial aircraft while ensuring full adherence to EU laws and regulations. The net result from this VAT simplification procedure is that the Malta VAT rate of 18% is only payable on that portion of the lease payment which is deemed to be for the use of the aircraft within EU airspace. The minimum percentage of time that an aircraft could be deemed to be in EU airspace, depending on maximum take off mass, maximum fuel capacity, fuel burn, optimum altitude and cruising speed) is of 30%, thereby resulting in a minimum effective VAT rate of 5.4%. For further information please click here.

The Use of Trusts and Fractional Ownership

The Malta Aircraft Registration Act ensures that when there is a trust relation and the Director General is to “look through” to the identity of the underlying beneficiaries, procedures will be implemented to safeguard the confidentiality of the trust arrangement in line with the principles governing trust law. In this manner, an obligation is imposed on the Director General to ensure that the disclosure for the purpose of Malta aircraft registration does not negatively affect the operation of the trust and its inherent confidential nature.

The new Malta Aircraft Registration Act acknowledges the benefits that will result from the employment of trusts in this field, and specific mention is made of fractional ownership and trusts which could be employed when the ownership/use interests of a plurality of persons (legal or natural) is to be regulated in relation to an asset, the aircraft, by interposing a trust relation. Thus, provision for regulation and co-ordination of the beneficiaries’ rights and interests will be made in the trust deed, which can provide for innumerable arrangements, in line with the contingencies of the case at hand.

The Maltese Aircraft Registration Act ensures that the existence of the trustee, being the registered owner of the aircraft, in favour of the determined beneficiaries (in a fixed trust scenario) or for the benefit of determinable beneficiaries (in a discretionary trust scenario) allows the arrangement to operate in a more streamlined manner whilst permitting the rights of the beneficiaries to be enforced against the trustee in case of default, thus protecting the beneficiaries who would be the stakeholders in this arrangement.

Sale Malta Company

 

Business Incorporation in Malta

Business incorporation is accomplished through various stages and there are multiple steps involved in the entire process. To start a new business in a foreign country is much for time-consuming than the relocation of an existing one. Malta is one of the ideal countries to set up a business owing to its favourable economic and tax structure. From a company's inception, the government of Malta provides all kinds of support to every other foreign investor right from finalizing an appropriate location to corporate structure. Malta encourages businesses of all kinds and of all levels hence more and more investors are keen on investing in the small yet powerful island nation.

Maltese Business Incorporation

EMD provides all kinds of support for the successful inception of a business in Malta. It boasts as one of the associates for Top Tier Law Firm that guides a business entity in all related matters. Before proceeding to company formation, one must be well aware of the Employment Law Malta, which is very favourable but at the same time has certain guidelines and regulations. The Employment and Industrial Relations Act or EIRA provides the legal framework for employment law as well as wage distribution in Malta. The employment law aims to protect all employees that are part of Malta. If you wish to get a new company registered in Malta, the process is quite easy and less time-consuming. The process is completed once a certificate of incorporation is issued by the registrar which maximum will take a week’s time condition all the documents provided are proper. You will be required to submit a Memorandum of Association stating details like company name, capital investment, investors, company directors, company secretary, and location among other details. The details may vary as per the type of company or business. Depending on the authorized share capital, a processing fee must be submitted to the registrar.

Choosing Malta for Business

Malta is one of the youngest yet most promising small island countries in the European Union. Be it for successful business incorporation or to Sale Malta Company, you will find numerous favourable opportunities in the country. The country provides growth opportunities as well as wealth benefits for all foreign investors. Another notable advantage of having a business in Malta is its favourable tax system. It has the lowest net tax rates. The Maltese taxation refund system offers shareholders the are able to claim a portion of their tax paid after paying the dividends. Another few advantages are:

• Low incorporation costs
• For those involved in international activities, an exemption from duty on documents is possible
• Malta offers double taxation treaties which ensures that you are not taxed twice for the same income
• The location of the island country in the middle of the Mediterranean Sea is quite favourable as it is easily accessible
• The cultural and linguistic diversity of the place is quite unique as there are people from across the globe settled here
• Malta falls under the no visa zone

All of these and much more are offered by Malta to all the investors willing to be a part of this country.

Malta Trust Foundation

 

EMD Business Support Services

It is difficult to get established in a foreign land, but with proper assistance from a genuine firm, you can easily crack the deal. Malta is a small island nation, which is quite favourable and promising for foreign investors. This owing to its lenient and promising tax system that favours investors. Malta is small but still has time again to prove its worth as a potential country when it comes to new business ventures. A new business needs support right from its inception throughout its deployment, and for that EMD provides necessary support services.

Why Malta for Business Relocation?

Malta is one of the most favoured destinations for new business. A large number of foreign investors are keen on establishing or relocating their business to Malta for many reasons and some of the top reasons for Malta Corporation are listed below:

•   Favourable corporate tax system by Maltese jurisdiction
• The workforce and labour in Malta are highly motivated and competitive
• Low labour cost
• The Maltese jurisdiction follows a refundable tax credit scheme as well as double taxation agreements
• Even after being a small island nation, Malta has high standards of infrastructure including commercial, residential, IT, business, and human resources infrastructure
• Malta has a strong and stable economy making it quite favourable for foreign investors

Professional Investor Fund in Malta

In Malta, there are various citizenship and business-related schemes available which again encourages an investor to set up a business here. One of the most popular and widely known schemes is that of the Malta Professional Investor Fund. Also known as PIFs, these are a set of investment-related schemes which come under the Investment Services Act, of 1994. They have fewer regulations in comparison to retail investment schemes and have a minimum investment threshold that is mandatory to achieve. The main benefit or advantage of this investment scheme is that PIFs are exempted from risk spreading and hence are not bothered by any sort of leverage restrictions. The PIF funds can be either managed by an external fund manager or via a self-managed fund. EMD offers all kinds of support services to get complete details and documentation done for PIFs in Malta.

Foundations in Malta

Foundations are not rare in Malta and Malta Trust Foundation has been functional in the country for a very long time from now. Often, trusts and foundations have similar qualities while the mode of operation is what makes them different. There are a set of rules and regulations that must be followed strictly to operate a trust or foundation under Maltese jurisdiction. These usually come under the category of a non-profitable organization serving a social purpose. EMD team provides all details related to the procedure for registering a trust or foundation with ease. You just need to provide the relevant and sufficient papers for registration of the institution.

EMD is out an out-business service provider that offers an array of services including the likes of EMD advocates, EMD advisory, and Malta residence and citizenship. These are offered to a range of business domains including iGaming, finance, IT, and health among others. Hence for the establishment of any kind of business, EMD is the most preferred destination.

Malta for Business and Personal Growth

Malta is a small yet powerful island nation that is an inevitable part of the European Union. Owing to it favourable conditions in broader aspects, Malta today has been one of the favourites and most preferred destinations for different kinds of foreign businesses. The law and taxation system here is favourable and hence this attracts several foreign investors to set up business ventures. EMD as a company provides related business infrastructure and other services to diverse clients from across the globe with head office in Malta.

 

Why choose Malta?

 

Malta has been a part of European Union since 2004 and a part of Eurozone since 2008. Apart from this there are many advantages to the country that makes it preferrable for foreign investors as discussed below:

• Corporate and Commercial Law – The laws governing the inception of new business are quite relaxed unlike other nations. This does not incur that you can get away with fraudulent activities, which are strictly prohibited here
• Appropriate location – Malta is located right between eastern and western Mediterranean and North Africa which makes it a culturally diverse country
• Political stability that favours foreign investors and new business inceptions
• The country vouches by a robust economic growth as per the drawn statistics
• There are immense opportunities for growth here, be it any sector including education and healthcare
• Malta even though is a small island nation, but it has a good connectivity with the global world
• The taxation system of the country favours foreign investors, which is one of the main reasons to go for business in Malta

There are few low points as well, but when compare to plus, these can be ignored. The lows include lack of road infrastructure, small domestic market size among others.

What EMD has to offer?

 

To successfully set up Malta company, one needs to get assistance from a reliable trustworthy source and what better option than EMD. The services provided here are broadly categorised into EMD advocates, EMD advisory and Malta residence and citizenship. While the first two services are somewhat related to business, the third category is based on individual participation in the country. If you want to be a part of an economy like Malta, then the first step would be to get a Malta residency visa. There are various ways by this citizenship can be acquired direct investment, ordinary residence, long term residence, temporary residence, the Nomad Malta residence permit and many more. EMD advocates as the name suggests is a law firm with several lawyers in Maltese, while EMD advisory is an out and out consultancy firm that offers services to both local and global applicants. EMD offers a multitude of services in the lines of legal, tax, advisory, and corporate services. They are updated with all latest government rules and regulation that will be applicable, both for business as well as an individual. The team is highly efficient and dedicated in delivering timely quality service.

 

Choosing Malta for your business can be a good choice but without proper guidance and support system, the incorporation can be a tedious task.

Legal & Compliance Malta

Malta has adopted Directive (EU) 2018/843 – Fifth Anti-Money Laundering Directive (“the Fifth AML Directive”) by transposing it into local legislation throughamendments tothe Prevention of Money Laundering Act (Chap. 373 of the Laws of Malta), the Prevention of Money Laundering and Funding of Terrorism Regulations (Subsidiary Legislation, S.L. 373.01) and the Criminal Code, Chapter 9 of the Laws of Malta.

The Fifth AML Directivefurther enhances the EU regulatory regime originally established in 1990 with the First AML Directive. The money laundering directives provide for the application of customer due diligence when entering into a business relationship (i.e. identify and verify the identity of clients, monitor transactions and report suspicious transactions). This legislation has been constantly revised in order to mitigate risks relating to money laundering and terrorist financing. The Fifth AML Directive continues to build on its successors in that it increases access rights to the beneficial ownerships registers introduced under the Fourth AML Directive (Directive 2015/849), it enhances the powers of EU Financial Intelligence Units and improves cooperation and information sharing between anti-money laundering supervisors and broadens the criteria for assessment of high-risk third countries.

The provisions of the AML Directives are aimed at entities or persons carrying on a relevant activity or involved in relevant financial business (“Subject Persons”). Said subject persons are considered the “gate-keepers” in the fight against money laundering and terrorist financing and are required to implement client onboarding procedures, risk assess their clients / financial transactions and report any suspicion of money laundering or terrorist financing.

EMD is your one-stop shop for Legal and Compliance related services. If your firm is a subject person you will need a robust legal and compliance function to help you keep abreast with the constantly evolving regulatory, AML/KYC requirements.  A subject person is required to appoint a Money Laundering Reporting Officer (“MLRO”) and Compliance Officer and needs to have policies and procedures in place in respect of client onboarding and risk assessment. The subject person must register with FIAU and must submit an annual Risk Evaluation Questionnaire through the FIAU’s online portal.

EMD Advocates can provide a suite of services to assist with setting up and/or updating of the Legal and Compliance function within the firm including the drafting and review of the relevant policies, procedures and requirements. We can also assist on an ongoing basis to review and update any policies and procedures in line with any legal or regulatory updates. We can assist the Legal and Compliance function within your firm including the following:-

•  Drafting and review of Compliance, AML/KYC policies and procedures in line with the PMLFTR and Implementing Procedures;

•   Assistance with devising and implementing a Customer Risk Assessment process;

•   Assistance with devising and implementing a Business Risk Assessment and periodic reviews thereof;

•   Drafting and reviewing of contracts;

•   Conducting legal research and advising on the applicable requirements;

•  Assistancewithfilling the relevant reports required by FIAU, MFSA, IRD or any other competent authority.

•    Assisting in compiling client profiles and compliance audits when needed

•    Assisting the MLRO and Compliance Officer in all matters.

In addition, through our related entity, EMD Advisory Services Limited, we can also provide corporate compliance services filing of Annual Returns and BO Forms, tax and VAT compliance as well as assistance with book-keeping and financial statements.

 

Acquisition Malta Company : If you are looking to acquire a Malta company you will need a financial, legal and tax advisor. At EMD we can provide all those services under the same roof. An acquisition can take place through the purchase of all or the majority of the shares in the Maltese entity, alternatively an acquisition can take place by merger.

The method of acquisition chosen will also determine the legal consequences and effects of the acquisition. In the case of an acquisition of shares, the purchaser acquires beneficial ownership of the target company. Through the acquisition the beneficial ownership of the target entity changes, however, the target entity is otherwise unaffected. Therefore, existing contracts continue to apply in view of the fact that there is no change in legal entity. That said, the target company may have some contracts in place which render a change in beneficial ownership a “prohibited assignment” and would therefore trigger termination of the contract. Thus, a review of the relevant contractual arrangements in place prior to the acquisition is advisable so as to ensure that any business significant contracts will continue in force even after the acquisition.

Another method of acquisition is through a merger, whereby an entity acquires another. In this scenario, there is a legal change and transfer of entity since the target company is effectively absorbed and becomes part of the acquiring entity. Therefore, all contracts entered into by the target company are automatically transferred to the acquiring company and it is important to assess the effects of such a transfer from a legal and tax perspective. In certain cases, such as employment, the employee’s rights are protected under specific rules governing transfer of business. Furthermore, in the case of immovable property owned by the target company, a simple declaratory deed must be filed in the Public Registry to record the change of ownership.

An alternative to a merger by acquisition, is a merger through the formation of a new company. In this scenario, therefore, both entities cease to exist and are replaced by a new third entity. Therefore, title to the assets and contracts of both companies are automatically transferred to the new company.

Whichever method is chosen, it is always advisable to conduct a due diligence of the target company to assess its legal and financial standing while at the same time also addressing certain specific aspects such as the transferability of certain contracts as well as the legal and tax implications of the transfer.

EMD Advocates, the legal arm of the firm can provide legal advise on the structuring of the transaction (acquisition of shares, merger by acquisition or formation of a new company) and advising on the implications in relation to title to property, employee rights, transfer of licenses, competition law restrictions and transfer of contracts. EMD Advocates can also conduct a due diligence exercise on the target. This exercise can be performed in conjunction with the Advisory arm of the firm to cover not only the legal issues but also issues relating to tax, VAT and corporate compliance.  The due diligence report would highlight any concerns or issues using a traffic light system for flagging matters.

EMD Advisory can provide advice and assistance from a financial and tax perspective in relation to the structuring of the acquisition transaction. EMD can further assist with the compilation of the Independent Expert’s report concerning the price of acquisition.

Finally, EMD Trust, our licensed trust, fiduciary and CSP provider can assist with the implementation of the acquisition including the drafting of the relevant paperwork and filings with the MBR/other authorities involved. 

Corporate incorporation in Malta

  

European Union is a vast region with different countries and place part of it. One of the smallest and newest members of the European Union (also known as EU) is Malta. It is a small island nation that ever since its inception has been attracting foreign investors towards itself. The main reason for this is its favourable economic conditions and above all a favourable tax system. There are different kinds of business from different parts of the world that are ready with business proposals to et approved by concerned agency so as to build their empire in Malta.

iGaming industry in Malta

 

When it comes to Malta’s economy, the gaming industry cannot be left behind as it is among the top contributors to the country’s economic growth in the past few years. It is the most profitable industry so far in Malta and hence many investors are prepping themselves to start a who new world of iGaming in the place. iGaming includes all kinds of betting or gambling sports activities including the likes of online poker, casinos, gambling, slot games etc. With onset of new technologies, the industry of iGaming, smartphones have managed to reach another dimension. There are more than 250 companies and the business accounts for nearly 13 percent of the country’s GDP. The entire business of iGaming industry is overlooked by Malta Gaming Authority that ensures competitive and efficient companies get a foothold in the place.

Malta Company Incorporation

EMD is a business setup support agency that provides for every kind of assistance that could help in getting a business set in Malta. There are experienced specialists that assist you with all kinds of formalities. As a foreign investor, one thing to keep in mind is that, you can set up two types of companies i.e., limited liability company and public company. For each one of these, certain documents must be submitted to the authority that will be cross verified by a Top Tier Law Firm and after screening it will go further for approval from higher authority. Documents for successful incorporation includes the likes of:

·         Type of the company

·         Name and address of every stakeholder

·         Name of the company and its registered office address in Malta

·         Objects of activity along with minimum share capital

·         Registered agent details

·         Details of board of managers

·         Details of the company secretary in Malta

Why choose EMD for business set up?

The range of services offered at EMD is not limited and it includes the likes of Malta companies set up and administration, Malta residence & citizenship, Malta tax companies & individuals, iGaming license, Yacht & ship registration, aviation, AOC & aircraft registration, E-payment solutions, trust foundations & associations, cryptocurrency & blockchain among others. We are an established multi-disciplinary firm with some of the finest specialists who are experienced in their craft. We have been able to cater to the needs of multiple kinds of businesses in lines of technical, law, IT, iGaming etc. The team believes in delivering no less than quality end service and hence they are one stop destination for all queries and requirements in Malta.

iGaming industry future and scope

 

Everything is getting online, then why not play games online too. iGaming industry is rising these days and it is nothing but online games via means of internet. The gaming activities may also include betting (mainly sport betting) like casino games, NFL wagering, poker games and many more. The reason for a fast-paced development in the industry is basically technological advancements and rise of internet in our lives. There are many iGaming sports but the most widely popular ones are there in Malta which makes Malta iGaming industry one of the most influential industries in the country. Like any other industry globally, there are certain regulations put forth by Malta gaming authority to prevent scams and forgery. 

Malta iGaming industry 

Online betting and gambling is among the most popular means of raising money through internet. As the licensing become more and more prominent, the expansion of such games also increased, as a result, Malta too started granting gaming license to gambling operators. This led to sudden expansion and growth of the country’s economy as well.  Today the iGaming industry is one of the major employment sectors in Malta and this bring in consistent revenue as well. One of the prominent reasons for increased foreign investors in the region is this gaming sector. In Malta, this gambling industry is regulated by Malta gaming authority by the name of Lotteries and Gaming Authority or LGA.

Challenges faced by iGaming industry 

Owing to the technological advancement, the future of online games and betting seems quite prosperous, but with advancement, the challenges too are high. The industry has faced its share of challenges in the past, present and the future seems to be quite similar. These are detailed below:

• Regulations – Betting or gambling of any form is not legal to play in many parts of the word. These regulations may not be applicable to some but these can change anytime posing a big threat to the industry
• The Gen X is more attracted towards hard core games like PUBG, GTA etc. and the age-old casino games are taking a back seat among the new generation. This is a threat to iGaming industry as this strives on these young lot
• Not many iGaming sites accepts cryptocurrencies or bitcoins as payment mode owing to lack of transparency which makes it a bit outdated in comparison to other latest websites
• The level of competition rises with the rise of the industry =, hence the survival rate is low

Future of iGaming industry 

iGaming is a billion-dollar industry that yields a good amount of revenue. In the coming decade of years, the rise of the industry is even bigger, provided the challenges are waived off. The challenges however don’t overweigh the pros, but still the industry needs to maintain this steady growth to have a bright future. Not only in Malta, but the technology is expanding at fast pace globally, which is advantage for the gaming industry. Interesting games interfaced with augmented reality, Artificial Intelligence etc. will contribute to the growth and new benchmark for the iGaming industry.

Malta Trust

 

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 entity settling assets on trust, (ii) the Trustee who can be a professional trustee licensed by the MFSA or, in the case of private family trusts, the trustee can be someone related or known to the settlor and finally (iii) the Beneficiaries who can be named beneficiaries or form part a class of beneficiaries. A Malta Trust also allows for the appointment of a Protector.

Malta Trusts can be set-up as private trusts to cater for family interests including estate planning or for charitable purposes. Malta Trusts can have a fixed interest or discretionary, the latter allowing the Trustee discretion in relation to the appointment of beneficiaries and/or the extent of the benefit to which such beneficiaries are entitled.

Malta Trusts offer an effective and flexible instrument for estate planning since the drafting and preparation of the trust is tailor-made to cater for the particular needs of the case at hand. A Malta Trust can be set-up to operate inter vivos, that is, during the lifetime of the settlor, or alternatively, as a testamentary trust that operates causa mortis, on the incidence of the demise of the settlor. A Malta trust may be created verbally, in writing, by operation of law or by a judicial decision.

Malta Trusts can also be set-up as commercial trusts and can be used in collective investment schemes and in security offerings as security trusts. In the case of commercial trusts, a more extensive degree of latitude and flexibility is afforded in the set up of the trust insofar as the terms of the trust are determined from the ad hoc trust deed which reflects the contractual agreement of the parties, whilst also stressing the security and certainty which is required in the commercial context. The regulation of commercial trusts is adept to the needs of the commercial world, and has been conducive to the proliferation of trusts in this field.

EMD aircraft registration services

 Every business needs specific kind of support for is establishment and successful run. Often many small scales or start up industries are in need for more support than already established one. Malta Corporation provides for a helping hand to support entrepreneurs and small-scale industries to get a hold in the competition. One of the most required services in airline sector is the need for appropriate aircraft registration. Malta Aircraft registration provides for a flexibility to all kinds of international flight operators. Such aircrafts are free to stay stable anywhere or operate from anywhere across the globe. Even if a carrier is under construction or maintenance, Malta Aircraft Registration act provides for its registration as well. All these activities are overlooked by efficient team and for their unmatched service and potential, EMD also offers for Covid 19 wage supplement as well.

Advantages of Aircraft registration in Malta

 

The registration act offers an unmatched yet innovative concept of registering the damaged o under construction aircraft until it gets a unique identity. There is no limit to nationality of the owner until and unless the operations are done under permissible law limits. Other key benefits are listed below:

·         As per the law of Malta corporation, non-residents can avail tax refunds which in turn ensures that after registration, transportation of goods to and from Malta will be exempted from Maltese tax

·         Malta is a small yet powerful island nation which is part of the European Union that provides easy flying access in the eurozone allowing a commercial tax-free flying operation

·         The aircraft registration register comes under European Union Aviation Safety Agency or EASA which is legally bound and has some of the highest levels of jurisdiction regulations

·         There I utmost flexibility offered to international operators as the registered flights are free to operate anywhere on the global map

·         The registration act allows flight operators to have a fraction of the ownership rights by single aircraft

EMD is a Maltese based company that offers ample business-related support to every kind of business set up not just limited to aircraft registration. It is a multidisciplinary firm offering services in domains related to legal, tax, advisory and corporate. The trust services of EMD are licensed officially under Malta Financial Services Authority. There are clients from different sectors of the industries and the retention rate is quite satisfactory as well. Malta being a small yet powerful nation is the primary choice for international business. There are different kinds of industries flourishing in the region including the likes of financial services, information technology, advanced manufacturing, remote gaming, shipping, aviation and block chain industry. It is the smallest new part of the European Union that provides for a flourishing competitive edge to successful establishment and running of any kind of business.

Aircraft registration is just a part of the multitude of services offered at the firm. Other business support services include Fintech & Blockchain, Financial Services, iGaming, ICT services, taxation and many more. Be it any kind of business setup- small scale, start up or established MNCs, EMD is undoubtedly a one stop destination for all kinds of support services.

Financial institution in Malta

Malta is an evolving business region which is a small island country in the European Union. The country has a flourishing business space that allows multiple business entities to survive the hard core competition. There are many established and well renowned financial institution in Malta that helps different business to establish themselves. 

Malta company incorporation is a difficult task as there are many business ventures that finds it difficult to thrive the existing competition. A person needs to have a valid Malta passport to visit the place, however citizenship can be availed at later stage. A business must be registered with the Malta incorporation for successful establishment.

One of the most widely acknowledged and accepted passports in the world is Malta passport. The Maltese passport office is functional throughout the day and it offers quick and efficient service even on an urgent basis. If you happen to get a second citizenship, then there can be no better option than a Malta passport. 

The document is mandatory travel document and it is granted to those who are having Maltese citizenship. This document will allow you to travel, study or work in any of the countries in the European Union. This can be used to avail visa free travel service to more than 160 countries in EU.

EMD is one of the well established and trustworthy financial institution in Malta that offers valuable cost-effective services to every kind of business, be it a small scale start up or an established business venture. By the term financial institution, it defines a firm that offers different kind of financial services. Malta is considered to be one of the leading financial centres in the Mediterranean region which is a fastest growing business economy.

Malta company incorporation is incomplete without financial services in Malta. The island country is smallest in the European Union but it is a growing financial centre which has single regulatory body for different types of financial services. Different sectors of business accounts for 12 percent of the GDP which means that the country efficiently handles foreign investors in the business domain.

Why choose EMD for financial and other business-related services?

·         Legal services

·         Financial services

·         iGaming in Malta

·         Malta Taxation

·         Administrative Services Taxation

·         Citizenship by Direct investment

·         Temporary Service

·         ICT service among others

 

The services are not limited at EMD but Malta has scope for multiple kind of business-related services mainly due to the flourishing atmosphere and set up of the country. The country requires one to possess a valid Malta passport to set up a business in the country. Malta has accepted Euro as its national currency since 2008. The economy is quite fast growing and hence opens its door for different kinds of business. 

It has an added advantage of having a high global credit ranking as per the rankings of 2018 survey. Owing to its large financial sector, the rate of unemployment is also pretty low in the country of Malta. Despite being the smallest member of the European Union, many new establishments find Malta as an ideal location to set up their dream business.

Employment Law and Industrial Relations Malta

Malta is a small island country that of late has been flourishing in terms of business. To have a successful establishment, one must be aware of the rules and regulations pertaining to business in the particular region. The employment law in Malta is stringent and must be strictly adhered to.  EIRA or The Employment and Industrial Relations Act is the main reference source for the employment law.  Not just employment law, but EIRA provides for a legal framework that even regulates industrial relations in Libya. Another valuable reference is Occupational Health and Safety Authority Act which ensures well-being of the company’s employees.

The employment law in Malta applies to all types of employees whether they are self employed or not.  An employee can also be categorised as full timer or a part timer, but in that case also, the law will be applicable while salary might change as per the working hours. The employment contract for the employee must be either written or verbally put forth for the law to be applicable. In case a company wishes to terminate the service of a particular employee, the employer has full power to decide whether to terminate him with immediate effect or after completing the notice period as per the employment law in Malta.

Industrial relation in Malta is nothing but a coordination in the industry that is generated as a result of diversified approaches of both management and employees with respect to the management of the industry. It takes into account the wellbeing of the entire management not particularly only the employees or management. An industry can be a primary one or the secondar one. The major objectives of the Industrial relation in Malta are listed below:

·         Maintaining well-being of both management and employee

·         Improvement the overall economic condition of the employees

·         Nationalization of the industry

·         To improve efficiency and productivity by safeguarding the interest of both labourers and management

·         To lower the number of absentees, strikes, lockouts etc. by improving the working condition of the working class

Overall, the main of the industrial relation in Malta  is to ensure that labourers are treated like a vital part of the organization (which they are) and they must be given a pivotal role in decision making as well. This will help in developing a cordial relation with the management which will ultimately improve the productivity. Both Malta and Libya are constantly flourishing areas where start-ups found a favourable condition for growth and revenue as well. Hence companies like EMD exploit this nature of the country to provide quality reliable services to their clients. Over years, there has been some relevant modifications in the Maltese employment and labour law mainly due to constant evolution in the business domain. The law regulates the working procedures in any kind of business where there is an employer and many employees working under his supervision. Union and ither labour bodies work in close knit with the management to maintain a healthy positive industrial relation in Libya as well as in Malta.