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Malta Residence & Visa Programme: 2018 Amendments Immigration

Malta Residence & Visa Programme: 2018 Amendments

Investment migration in Malta has increased exponentially over the last 4 years; due in part to the introduction of the Malta Residency and Visa Programme (MRVP). The MRVP was introduced in 2015 to offer yet another competitive immigration option. Since its inception, the MRVP has been updated twice; with the 2017 amendments helping to further consolidate the legislation, whilst those amendments enacted in 2018 focused on widening the programme's investment criteria.Originally, the MRVP programme required the main applicant to pay an economic contribution of €30,000, with €5,500 being non-refundable and payable at application stage with the remaining amount becoming due…
MamoTCV
18th October 2018
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Malta Residence & Visa Programme: 2018 Amendments Immigration

Malta Residence & Visa Programme: 2018 Amendments

Investment migration in Malta has increased exponentially over the last 4 years; due in part to the introduction of the Malta Residency and Visa Programme (MRVP). The MRVP was introduced in 2015 to offer yet another competitive immigration option. Since its inception, the MRVP has been updated twice; with the 2017 amendments helping to further consolidate the legislation, whilst those amendments enacted in 2018 focused on widening the programme's investment criteria.Originally, the MRVP programme required the main applicant to pay an economic contribution of €30,000, with €5,500 being non-refundable and payable at application stage with the remaining amount becoming due…
MamoTCV
18th October 2018
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Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for Virtual Financial Asset Exchanges Telecoms, Media & Technology

Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for Virtual Financial Asset Exchanges

The Maltese Government has presented the much-anticipated Virtual Financial Assets Bill for its second reading in Parliament. The Bill introduces a regulatory framework in relation to the issuing of Initial Virtual Financial Assets (more commonly known as International Coin Offerings or "ICOs"). The publication of the Bill comes at a critical time, given the rapid surge in interest in Malta from several cryptocurrency exchanges since the Government first announced its intention for Malta to become the "Blockchain Island".In a world where rigorously regulated jurisdictions are in short supply, the demand is considerable, leading several exchanges to relocate to Malta before the…
MamoTCV
22nd May 2018
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Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for Virtual Financial Asset Exchanges Telecoms, Media & Technology

Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for Virtual Financial Asset Exchanges

The Maltese Government has presented the much-anticipated Virtual Financial Assets Bill for its second reading in Parliament. The Bill introduces a regulatory framework in relation to the issuing of Initial Virtual Financial Assets (more commonly known as International Coin Offerings or "ICOs"). The publication of the Bill comes at a critical time, given the rapid surge in interest in Malta from several cryptocurrency exchanges since the Government first announced its intention for Malta to become the "Blockchain Island".In a world where rigorously regulated jurisdictions are in short supply, the demand is considerable, leading several exchanges to relocate to Malta before the…
MamoTCV
22nd May 2018
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Amendments to the Guidelines regarding VAT treatment of Yacht Leasing Shipping, Yachting and Transport

Amendments to the Guidelines regarding VAT treatment of Yacht Leasing

The Commissioner for Revenue has recently published an amended version of the Guidelines regarding the VAT treatment of Yacht Leasing in Malta. The most noticeable modification from the previous Guidelines relates to the determination of the use of the yacht within and outside EU territorial waters during the lease period. The previous Guidelines acknowledged the difficulty in trailing the movements of a pleasure yacht in order to determine the period the yacht spends within EU territorial waters, and therefore established the estimated percentage portion of the lease spent within EU territorial waters on the length of the yacht and means…
MamoTCV
9th March 2018
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Amendments to the Guidelines regarding VAT treatment of Yacht Leasing Shipping, Yachting and Transport

Amendments to the Guidelines regarding VAT treatment of Yacht Leasing

The Commissioner for Revenue has recently published an amended version of the Guidelines regarding the VAT treatment of Yacht Leasing in Malta. The most noticeable modification from the previous Guidelines relates to the determination of the use of the yacht within and outside EU territorial waters during the lease period. The previous Guidelines acknowledged the difficulty in trailing the movements of a pleasure yacht in order to determine the period the yacht spends within EU territorial waters, and therefore established the estimated percentage portion of the lease spent within EU territorial waters on the length of the yacht and means…
MamoTCV
9th March 2018