05.07.2022 Corporate governance is a system of processes and practices set up by a firm or organisation intended to maintain control over it. In other words, corporate governance is the structure of rules, practices, and processes used to direct and manage a company. Corporate governance provides the framework for attaining a company’s objectives, and so it…
28.06.2022 Anyone who relocates to Malta needs to sort out their papers and status with the relevant authorities, such as residential address, applying with Jobsplus and obtain a Social Security number. This article will explain how to obtain a Maltese Residence Identity Card for EU nationals. EU nationals that relocate to Malta, whether they are…
21.06.2022 The local Trademarks Act identifies that a “trademark may, in particular, consist of words (including personal names), figurative element, letters, numerals or the shape of good of their packaging”. This or a combination of these elements will help one to distinguish a specific business, goods or services. A trademark (TM) helps businesses secure the…
14.06.2022 When you are operating a company, there might be a time that for a reason or another, you will want to close the company and put it into dissolution. This is called Member’s Voluntary Winding Up. Striking off a company from the Malta Business Registry, involves a process with several steps. Under the Maltese…
08.06.2022 The business practice of hiring an outside third-party to perform certain services or tasks is normally a cost-cutting measure. This is outsourcing, sometimes also called contracting out or business process outsourcing. Nowadays companies can outsource several tasks or services such as programming and application development, a full IT department, payroll services, call centres, marketing…
31.05.2022 If you are in the real estate and construction industry you know that deals are often quite complicated, and so is the actual accounting for this industry tending to be very technical and tedious. The construction and real estate industry differs in many ways from other types of businesses. These industries often require investors…
24.05.2022 In our recent article published in April, Accounting for startups we spoke about accounting services in Malta for startup companies. This blog post instead will focus on corporate services for startups.In most recent years, we have seen many startups in Malta, some by locals and other by foreigners who see Malta as an ideal…
17.05.2022 Last week’s blog post explained what VAT is about and specific information about VAT in Malta. Today’s post will explore the different VAT Articles in detail. In Malta, VAT is regulated by the VAT Act and its subsidiary legislation, Chapter 406 of the Law of Malta, and is in accordance with the EU VAT…
10.05.2022 There are many countries around the world that use the Value Added Tax (VAT) system, however each country operates under different frameworks. As a tax applied worldwide, it is regulated differently and at a specific rate in each country. VAT has grown in popularity and importance, being a good percentage of global taxation. According…
03.05.2022 If you would like to take your business to the next level, or you are looking at restructuring, a merger or selling your business, then this article will help you understand how accounting advisory services can support you. You run a business, you have your own accounts executive employed with you to run the…