2.11.2021 Cyprus, an island in Eastern Mediterranean Sea and a member state of the European Union, is an ideal holiday destination for many. It is blessed with the beauty of nature, is rich in history and culture, and offers endless views of the glittering blue waters. Apart from offering the perfect spots for sports and…
26.10.2021 As part of running a Malta company, one requires to respect regulations and filing of documents annually within stipulated timeframes, according to company law provisions. Attention is required by company directors and secretaries for the following: Annual Financial Statements (Annual Accounts) Every company is required that for each accounting period, its directors lay before the…
19.10.2021 Fairwinds Management Limited is in full-swing preparations for the much long-awaited iGaming event being held in Malta next month after being postponed more than once in the past months due to COVID-19 restrictions. The iGaming event is expected to happen between the 16th and 18th November. However, for the first-time ever, during the same…
12.10.2021 Yesterday the Budget Speech 2022 was delivered by the Minister of Finance and Employment Clyde Caruana. Below you will find a summary of the Budget. This summary has been compiled by Malta Chamber of Commerce, Enterprise and Industry and it is being reproduced here. Fairwinds Management Limited is a member of The Malta Chamber, an…
5.10.2021 Since 2019, Malta Enterprise approved over €80 million under the MicroInvest Scheme, a scheme aimed at giving tax credits to self-employed individuals, start-ups, microenterprises and SMEs including family businesses. Tax credits are in place to assist such businesses invest, improve, and expand their business. In fact, eligible expenditure is related to refurbishments, increase in employee…
28.09.2021 The 2000s saw dedicated online communities emerging and physical co-working spaces being introduced, creating the new phenomenon of digital nomadism. This possibility of conducting work from anywhere you want, thanks to global information technology, was even triggered in the past year when the global COVID-19 pandemic hit. With travelling restrictions, lockdowns and obligatory quarantine…
Our advisors at Fairwinds Management Limited suggest that when incorporating a company in the United Kingdom, one should also incorporate a company in Malta. This will be used for trading purposes. In such type of setups, one will be required to have a registered postal address in England or Wales together with another postal address…
This is where a tax advisor comes in the picture in order to guide businesses on how to benefit from tax saving opportunities by taking the best advantage of the local tax system which is quite a favourable one and also various tax incentives available to local companies by Malta Enterprise and other entities. All…
31.08.2021 No matter how well prepared you are, managing a business is not an easy task. On a regular basis, one will face unplanned business challenges, however it does not mean that the business owner should burden him/herself with all the challenges that come up along the way. With a good structure in place including…
24.08.2021 Throughout the years, the Maltese islands have become the ideal country to invest and set up a business in. The country’s laws do not impose any restrictions on the type and sectors of business activities that one decides to operate in. However, for gaming and financial sectors to start operating in Malta, they are…