Upon presenting the bills for the 2nd reading, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, described the upcoming Cryptocurrency laws as a “world-first”, which would make Malta a global pioneer in this sector. These bills were presented in Parliament on the 24th April, 2018 and second reading has started on the 6th June 2018. 2nd reading...
In the coming weeks, Malta is launching the world’s first legal framework for the creation of a regulatory body to regulate services in the sectors of Blockchain, Artificial Intelligence, and IOT devices. This was announced by Parliamentary Secretary, Silvio Schembri, when addressing the Unlock Blockchain Conference organised at the Dubai International Financial Centre. During the...
“Indicators just published by the Organisation for Economic Co-operation and Development (OECD) portray Malta as a tax compliant jurisdiction. This is exactly what we have been stating all along in the face of unfair criticism by uninformed or malicious quarters. Thus, while we intend to continue to be one of the competitive choices in the...
Malta has enacted legislation to fully transpose the Fourth Anti-Money Laundering Directive. This directive has been transposed into Maltese law by virtue of amendments to the Prevention of Money Laundering Act, the enactment of new regulations under said act, and through the publication of various regulations intended to set up beneficial ownership registers for companies,...
M/HQ’s HNWIs Residency Comparison Chart, now in its 8th edition, highlights and compares the features of 27 jurisdictions where HNWIs may consider relocating for tax, lifestyle, asset protection and other purposes. Highlighting the features of 27 jurisdictions where HNWIs may consider relocating for tax purpose, the present Chart does not constitute an exhaustive list. Rather,...