News

The Dutch Tax Authority lost its claim to charge tax on the online poker winnings of Dutch players awarded by a gaming operator licenced in Malta.

The MGA implements First Phase of its Sandbox Framework for the acceptance of Virtual Financial Assets and the use of Distributed Ledger Technology within the Gaming Industry.

The report on Malta's Citizenship by Investment Programme Statistics 2018 was recently published by The Office of the Regulator of the Individual Investor Programme. Analysing the 12-month period from July 1st, 2017 to 30th June, 2018, the report gives insight into the manner and amount of applications received, rejections, approvals, naturalisations. A detailed analysis is also offered on applicants' investments, contributions and programme fees.

After a period of anticipation, the Government of Montenegro published the Decision on the criteria, method and procedure of electing person who can acquire Montenegrin Economic Citizenship Programme (MECP) by admission for realisation of special investment program which has special meaning for economic interest of Montenegro, in the Government Gazette 79/2018 from 05.12.2018 (item no 1564) on the Gazette’s Official website released today.

The Montenegro Government has announced more details on the Montenegro Economic Citizenship Programme (MECP) in a press conference by the Minister for Sustainable Development & Tourism and the Vice President for Economic Policy & the Financial System.

Moldova has recently launched a citizenship by investment programme which allows investors to acquire economic citizenship within a country which enjoys political and economic stability. As the programme which offers the cheapest investment options, it nonetheless upholds thorough due diligence processes which ensure that applicants and their family are of good standing.

With all three Distributed Ledger Technology (DLT) Acts officially enforced, Malta provides a regulatory environment for the Blockchain industry. Industry insiders have closely followed developments and applaud these laws that aim to regulate DLTs whilst ensuring that their development is not hindered. Malta is embracing the Blockchain Revolution and setting itself out to be a pioneer.

Chetcuti Cauchi Advocates has been awarded law firm of the year at the Malta Blockchain Summit. After years of hard work and dedication, the firm is finally able to enjoy such success, whilst nonetheless still striving for further success in the future.

Several incentives aimed at enhancing investment, promoting new economic sectors and redistributing wealth were highlighted in the Malta Budget 2019, presented by the Finance Minister Hon Edward Scicluna, aimed at strengthening Malta's economic growth.

According to the latest Global Competitiveness Ranking report, Malta places 36th out of 140 countries. Amidst the others, Malta recorded positive performances in Macroeconomic stability, Health, Labour Market and ICT Adoption. The successful performance is the result of the efficacious policies and sound legislations implemented by the Government over the past years, which have contributed to the country’s economic growth and increase in FDI.