Key aspects of any business is their trade name and brand, yet these are often overlooked by entrepreneurs in the excitement and pressure of getting a new business rolling. Our Trademarks and Branding Unit assists EU and non-EU enterprises seeking to create and protect their trade name and brand identity in Malta and throughout the EU. In international projects, we have also assisted companies and individuals in protecting their portfolio of IP rights on a global scale. Our IP Unit is composed of registered trademark agents and trademark lawyers, patent attorneys, engineering and pharmaceutical experts from various fields who advise individuals, corporations and educational institutions worldwide on a variety of strategic aspects. Technology & e-Commerce – Malta IP INTERSERV provides advice on all aspects connected to today’s technological race, including all issues arising out of the registration and exploitation of modern IP rights and the corporate finance implications of the acquisition of ICT ventures. Together with our lawyers we also advise on and support negotiation and finalization of Business to Business (B2B) and Business to Consumer (B2C) e-commerce contracts and general aspects of media and internet law. Ownership and Asset Protection for IP With over two decades of experience in … Read more
We strongly believe that the key to success in business is a sharp focus on the core activities of the business itself. Outsourcing accounting functions and number crunching tasks to a qualified team of accountants can help you, the owner-manager of your business, concentrate on what matters most for the business marketing, sales and business strategy. Comprehensive accounting services include: Management Accounts A timely and regular management reporting service enables businesses to take meaningful business decisions at the right time, giving our clients commercial agility and a competitive advantage over business adversaries. Management reports can be prepared and presented to the decision-makers of your business on a monthly, quarterly or annual basis. VAT Compliance Value Added Tax is perhaps the most complicated and often dangerously ignored tax. Take the burden of VAT compliance off your business shoulders by outsourcing completion of your monthly, quarterly or annual VAT returns and ensure their timely submission to the VAT Department. Our VAT specialists are always ready to advise on the right VAT treatment a particular transaction. Income Tax Compliance Personal and corporate taxation services include tax accounting and the preparation and timely submission of income tax returns for you and your company. We … Read more
The Maltese Commissioner for Revenue has issued on the 20th of December, 2021 a public to receive feedback on a set of draft transfer pricing rules. The government intends to publish the final Malta transfer pricing rules in the last quarter of 2022. They will then come into effect as from 2024. The Malta Transfer Pricing Rules Consultation The Malta transfer pricing rules would apply to cross-border arrangements between associated enterprises. Associated enterprises will be those where there is a direct or indirect control through a minimum holding of more than 50% of the voting rights or ordinary share capital or by virtue of any powers conferred by the articles of association or other document regulating the controlled body of persons. Small and medium-sized entities will be excluded, as would taxpayers with an aggregate value of cross-border arrangements below a de minimis threshold, to be determined through further guidelines. The consultation is open until the 28th of February, 2022.
Today’s world is characterised by a very fast pace of change, be it legislation, consumer behavior or disruptive technological innovation. Considering our own experience of running a SME – an advisory family business in Malta and our work with international clients over the years, here are five thoughts on how to ensure your business is geared for tomorrow. The first three may sound obvious to the point of being boring, but it’s surprising how many businesses fail to do this – protect what you already have. Develop a mindset of Compliance Whilst most entrepreneurs associate compliance with banks and financial institutions, the truth is that every business nowadays is required to comply with a range of commitments. These may be as routine as company secretary filings with the business registry or submitting tax declarations, but failure here tells of deeper problems. If accounts are not maintained up to date, how is the business staying on top of financial and cash management? Penalties for delayed statutory submissions have increased from a mere slap on the wrist to significant financial fines and the personal liability of company directors and senior management. Enterprises that wish to survive into the long-term would do well to cultivate in staff a mentality of compliance so that such matters that are sometimes brushed off as basic housekeeping are brought to the fore – starting from those at the top. Other areas where companies may wish to evaluate their obligations include … Read more
A new residence program, the Malta Start-Up Residence Permit is to be introduced by the Malta Residency Agency and the state investment agency Malta Enterprise, as announced by Malta’s Finance Minister. The new program seeks to attract entrepreneurs to use Malta as their operational base and therefore will permit those who meet the requirements of the program to reside in Malta and contribute to the economy. Entrepreneurs seeking to relocate under the Malta Start-Up Residence Permit program will be required to demonstrate a successful entrepreneurial track record together with a solid business plan and intended commercial purpose. The Malta Start-Up Residence Permit sits alongside the recently launched Malta Nomad Residence Permit that is already attracting global digital nomads to take up residence in Malta whilst continuing their business or maintaining their foreign employment on a remote basis. Benefits of the Malta Start-Up Residence Permit Entrepreneurs choosing Malta as their primary base for business will find a welcoming environment, include a professional English-speaking workforce, world-class healthcare facilities and a warm climate all through the year. Malta is cosmopolitan and the business community in Malta benefits from the presence of multicultural investors. Entrepreneurs moving to Malta may thus be able to interact … Read more
The Malta Budget 2022 comes at a time when Malta is making inroads to recover economically from the impact of the pandemic. Real GDP is forecast to grow by 6.5% in 2022 while unemployment remains contained at very low figures. These indicators are promising for Malta’s fortunes over the next years. The Malta Budget for 2022 introduced no new taxes, rather it presented a raft of new incentives and benefits to steer the country forward. Tax and Property Purchase In a drive to promote the regeneration of Malta’s traditional village cores, a series of tax exemptions and grants have been announced in the Malta Budget 2022: Exemption from property transfers tax and duty on documents and transfers on the first EUR 750,000 of the price of qualifying properties that: Were built over 20 years ago and have been vacant for more than 7 years; Are built in an urban conservation area (UCA); or Are new properties built in a traditional Maltese style. First-time buyers of such properties will further benefit from a grant of €15,000 (€30,000 for Gozitan first-time buyers of such properties in Gozo). VAT refunds for the restoration and renovation of qualifying property have also been extended and … Read more