The next year’s fiscal planning was revealed on 19 October by Finance Minister Edward Scicluna, in his last budget in the post. The positive focus of the economic action plan has been shaped largely by the necessary economic reaction to the Covid-19 virus and the impact thereof. Underpinning the vital areas of the economy, education, health, the environment, infrastructure and law and order, the...
Malta's ship registry has been placed 17th in the Paris MOU's white list, breaking into the top 20 for the first time. The port state control agreement carries out regular inspections to assure quality among maritime administrations and covers European and North American waters. Its publication of white, grey and black lists gives added value to a nation's flag. Malta has the largest registered fl...
Aviation businesses who felt the brunt of COVID-19 have called for state aid so that they can safeguard more than 3000 jobs. According to the Malta Business Aviation Association, business has shrunk by more than 75%, and for some operators it came to a complete stop. The association said it had reached out to the transport and economy ministries, the Malta Enterprise and the Transport Malta C...
For many years, Malta has
offered an attractive and efficient procedure for the importation of commercial
yachts that are intended to be brought into free circulation within the EU,
with the scope to enable them to carry out their chartering season in the Mediterranean
Importing a commercial yacht
into Malta requires the yacht to physically enter the Malta port for the
relevant VAT and custo...
Malta took a significant decision to regulate its medical cannabis laws and has officially became the first country in the EU to create a regulatory framework for the use of medical cannabis, authorising the use and possession of medical cannabis with a prescription. This means that entities are now allowed to produce or use cannabis for medicinal and research purposes. As the new developments att...
Setting up a
company in Malta typically takes no longer than 2 working days and is a very
straight forward procedure. The Malta Companies Act enacted in 1995 is the law
that regulates limited liability companies and other commercial partnership. This
law caters for the incorporation of both public limited liability companies as
well as private limited liability companies.
company can be...
Why Malta?For many centuries prior to its attainment of independence from Great Britain, Malta served the strategic and political interest of several successive military powers. Upon gaining control over its own destiny in 1964, this small island-state in the center of the Mediterranean Sea, devoid of any natural resources, immediately set about weaving a new social and economic fabric by empoweri...
Under the Maltese Company Law, the role of a Director is to oversee all aspects of the daily running of the company, together with exercising all functions and powers within the Directors Capacity that do not necessarily require a shareholders resolution at a meeting in general according to the articles of association (AoA) or the Companies Act. Directors have a fiduciary relationship towards the ...
According to the Passport index which ranks the entire world’s passports based on data abstracted from the International Air Transport Association (IATA), the Maltese passport has been named among the top 10 most powerful globally. The Passport index collects data on how many sovereign states and destinations within those states and individual can go and visit without applying for a visa beforeh...
Today the possibility of becoming a truly ‘global’ citizen is indeed a reality. The rise of global citizenship has been partly driven by the attractiveness of a second passport. Across the globe many countries are opening their doors to today’s industrial tycoons, digital nomads, high net worth individuals and professionals who wish to attain more freedom, mobility and security. Indeed, the ...
As clouds sailed across a blue, autumn sky above Valletta’s Grand Harbour on the 19th of October 2019, some of the finest yachtsmen and women in the sailing world gathered to participate in this year’s 40th Rolex Middle Sea Race. Last year’s race attracted a record fleet of 130 yachts, all celebrating the Royal Malta Yacht Club’s 50th anniversary of the founding of the race. This year...
Malta’s burgeoning economic prosperity is a reflection of Maltese confidence, its success as a participant in the global economy and its ability to adapt to an ever changing economic arena. Growth and financial stability enable the Maltese people to enjoy an increasingly good quality of life. Whilst the government focuses on bolstering the middle class, the main pillar of society, all individual...
Our Managing Director Keith Fenech and the Business Development Manager Nicholas Caligari will be attending the Marine Money Conference on the 24th of September and the Monaco Yacht Show on the 25th and 26th September. For any consultation meetings, please feel free to message or email directly email@example.com , firstname.lastname@example.org....
Malta has always
been at the forefront of offering a wide range of solutions to yacht
owners. Back in 2005, the VAT Department
has issued guidelines regarding the VAT treatment of the leasing of yachts by
Maltese Companies. In March 2019, the
VAT department has issued a new set of guidelines to reflect industry best
practice and recent legal developments.
Döhle Corporate Sevices are pleased to announce that they will be attending both the
Opportunities in Business Jets and Opportunities in Superyachts conferences in
February at the Grand Hotel Excelsior, Malta, the 22nd and 23rd
February respectively. In addition to a number of representatives from our
Malta office, Allister Crossley from the Isle of Man will also be attending
these key industry e...
Döhle Malta are proud to publish their latest informative Brochure. The aim of this brochure is to showcase the main services that the Malta office provides. During the past year the Malta team continued to grow and is now focused on a strategy to continue diversifying its service offer. We are more than happy to assist our clients with giving them more detailed information abou...
Following the launch of the new guidelines regarding the VAT treatment of Aircraft Leasing by the Maltese VAT authorities in April 2016, Döhle Malta are publishing an informative brochure highlighting the benefits of this much awaited scheme. These guidelines supersede the guidelines that were issued back in October 2012....
On the 5th April 2016, the VAT Department in Malta issued its new guidelines in respect of the VAT treatment for aircraft leasing. With the introduction of the VAT Departmentâ€™s guidelines, a Maltese structure can benefit from a significantly lower effective rate of VAT.The VAT rate that can be achieved is based on the time spent in European Union (EU) Airspace, which is difficult to id...
The Isle of Man has become the latest offshore jurisdiction to say it will resist UK Prime Minister David Cameron's calls for transparency on company ownership.In defying the PM's initiative - which would force individuals with a 25% or more interest in a company to be publicly registered - the Isle of Man is following the lead of Bermuda, Jersey and Guernsey, according to the Financial Times, whi...
Döhle Corporate and Trust Services Limited (DCTS) are pleased to announce the launch of their new Aviation Services Brochure. This provides an overview of the extensive range of services that DCTS are able to offer including, the establishment of the most appropriate aircraft ownership structure and assistance with the delivery and importation processes.Following the delivery of the aircraft we a...