Mamo TCV Advocates

Malta’s position within the financial services, gaming and aviation sectors, is further bolstered by the newly introduced 15% flat tax rate on; income derived from employment in Malta, by persons not domiciled in Malta and working in either of the ‘eligible offices’ as defined by the HQP Rules. With a minimum annual tax payable of € 11,250, equating to a 15% tax rate being applied to an income of € 75,000, tax planning has become a lot simpler.

The VAT Department in Malta has issued guidelines relating to aircraft leasing. The guidelines which are based on the current yacht leasing measures, seek to mitigate the VAT impact on the purchase of an aircraft and its engines.

If you are considering purchasing an apartment in Malta, among your enquiries you should consider what to look out for as far as condominium issues are concerned. Although this note refers to ‘apartments’, it is worth noting that the Condominium Act uses the term ‘units’ ( or ‘tenements’) and not apartments. A condominium might include a shop or an office.

Without doubt Malta offers significant opportunities for the generics drugs Industry and the evidence for this lies in the pharmaceutical patenting history of the country and in its legislative framework. The following events have played a major role in the history of patenting in Malta, and have actually shaped the present scenario regarding generic drugs in the country.

Nicholas Valenzia (Mamo TCV Advocates examines the judgment in Air Malta plc and Shield Insurance Company (Guernsey) Limited v. Malta International Airport plc (by Justice Raymond C. Pace presiding the First Hall of the Civil Court ) : The author was involved in this litigation as a member of the plaintiffs’ external counsel team.

In a recent judgment delivered by the Maltese First Hall Civil Court, acting in its constitutional capacity, mandatory arbitration proceedings were declared unconstitutional for failing to afford litigants sufficient guarantees against potential infringements to their right to a fair hearing before an independent and impartial tribunal. This judgment, which is currently under appeal, is the latest jurisprudential episode in what has transpired to be a controversial and ever-changing legal saga…

Pursuant to article 20 of the Malta Financial Services Authority Act (Chapter 330 of the Laws of Malta), the MFSA is required to appoint a Consumer Complaints Manager (“CCM”) empowered to investigate complaints from private consumers (as opposed to companies or enterprises) in connection with any financial services transaction involving a financial entity regulated by the MFSA...

Malta has come a long way since it first gained its Qualifying Recognized Overseas Pension Schemes (“QROPS”) status from the UK HM Revenue and Customs (“HMRC”) in 2009. Since then Malta has rapidly established a reputation as a safe and robust QROPS domicile. As will be seen below, various factors have proved pivotal in allowing Malta to benefit from a steadily growing slice of the QROPS market.

Act VI of 2011 which enacted the Malta Competition and Consumer Affairs Authority Act (MCCAA Act) (Chapter 510 of the Laws of Malta) significantly amended the Competition Act (Chapter 379 of the Laws of Malta). This article attempts to summarize the most important developments in this regard.

Malta has established itself on the map of domiciles of choice for alternative investment funds and continues to build its reputation as a financial services hub – a brief overview of the key ingredients for Malta’s success.

The European Patent Convention (EPC) of 1973[1] is a regional treaty that grants applicants the possibility of obtaining a series of national patents in contracting states to the EPC by filing an application to this effect at the European Patent Office (EPO).

Legal Notice 429 of 2010 introduced the ‘Exemption on Royalties derived from Patents Rules’[1] (the Rules) issued (as subsidiary legislation) under the Malta Income Tax Act (Chapter 123 of the laws of Malta).