19.07.2023 Employers in Malta are facing significant challenges when it comes to hiring new employees. The difficulty lies not only in finding suitable local candidates but also in employing Third Country Nationals (TCNs) who are still residing abroad. This situation poses a considerable burden, particularly for companies or setups that lack a dedicated HR or…
12.07.2023 Tax advisory is important for several reasons, especially for individuals and businesses that want to manage their finances effectively and comply with tax regulations. Here are some key reasons why tax advisory is essential: Compliance: Tax laws and regulations are complex and ever-changing. A tax advisor can help you understand and navigate the tax…
05.07.2023 Do you manage a business? Are you looking for ways how to optimise your operations, reduce costs and focus on your core work that generates most income? Outsourcing is the answer to these questions and the strategic solution that will enable your business to delegate non-core tasks to specialised service providers. Outsourcing is a…
28.06.2023 Know Your Customer, or KYC, refers to the process that regulated businesses and financial institutions undertake to verify and gather information about their clients or customers. KYC procedures are a crucial component of anti-money laundering (AML) and counter-terrorism financing (CTF) efforts, as they help identify and mitigate the risk of financial crimes. The primary…
21.06.2023 Writing a winning business plan involves careful research, strategic thinking, and effective communication. A traditional business plan format is very detail-oriented and holds a comprehensive plan. When writing a business plan, ideally your follow a plan outline however you don’t have to stick to the exact format but rather use the sections that make…
14.06.2023 Thinking about starting a business? There are a few common mistakes which can easily be avoided by every new business owner and entrepreneur. Commencing a fresh business venture can bring excitement and fulfilment, yet it may also present challenges and feelings of being overwhelmed. Numerous aspiring entrepreneurs encounter common pitfalls that can impede the…
08.06.2023 A typical organisational setup within a company consists of different departments that contribute to achieving the company’s overall mission and objectives. Having a well-defined corporate structure ensures that employees are aware of their reporting lines and the individuals they rely on to fulfil their work responsibilities. Over and above this, corporate structuring also involves…
31.05.2023 Virtual administration refers to the practice of performing administrative tasks and providing support services remotely, often using digital communication technologies such as email, video conferencing, and instant messaging. Virtual administrators work independently and provide a range of services to clients, including email management, appointment scheduling, data entry, travel planning, bookkeeping, and customer support. Virtual…
24.05.2023 Throughout the years the banking landscape and regulations in Malta has evolved drastically. In response to the global AML regulations, Malta implemented various regulatory reforms to enhance and safeguard the banking sector such as enhanced risk management practices, and improved regulatory oversight. The MFSA strengthened its supervision and regulatory framework, focusing on prudential standards,…
17.05.2023 Registering a trademark is important for several business reasons. This article will outline why it is important to register a trademark in this competitive business world and how to do it. Consideration for registering a trademark are as follows: Legal Protection: Registering a trademark provides legal protection and exclusive rights to the owner. It…