20.03.2025 The beginning of March marked the launch of new aid schemes, particularly the Business Enhance Grant Schemes. These schemes aim to support small and medium-sized enterprises (SMEs) in enhancing their operations, fostering innovation, and promoting sustainable growth. They provide co-financing for projects that improve competitiveness, encourage digitalisation, and facilitate internationalisation efforts. Eligible businesses can…
12.03.2025 Understanding the Tax Implications of the Malta Nomad Residence Permit Malta has become a top destination for digital nomads, offering a unique blend of Mediterranean charm, robust infrastructure, and an attractive residency program. The Malta Nomad Residence Permit allows remote workers to legally reside in Malta while maintaining employment with a company outside the…
05.03.2025 VAT (Value Added Tax) in Malta is a consumption tax applied to goods and services at different rates depending on the category. It follows EU VAT directives, as Malta is an EU member state. The standard rate is 18% and this applies to most goods and services, however there are also some reduced rates.…
26.02.2025 Payroll is not just simply outputting a payslip at the end of each month. Payroll services entails much more than this. Any business, no matter if in the form of a company or an individual, that employs personnel, be it on a part-time basis or a full-time basis, they need to carry out various…
19.02.2025 In recent years, the global employment landscape has shifted significantly, and Malta is no exception. Many Maltese companies are turning to Third Country Nationals (TCNs) eager to work in Europe to fill the employment gaps. The surge in demand for non-EU employees has prompted numerous companies to seek assistance with the intricate administrative processes…
12.02.2025 A well-crafted business plan is the foundation of any successful venture. Whether you are starting a new business, seeking investment, or planning for growth, a strong business plan outlines your vision, strategy, and financial projections. To create a winning business plan that sets you up for success, it needs to include the following: •…
05.02.2025 In today’s dynamic business environment, Know Your Customer (KYC) procedures are a cornerstone for ensuring transparency and compliance. KYC refers to the process undertaken by regulated businesses and financial institutions to verify and gather information about their clients. It is a critical component of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) measures, aimed at…
29.01.2025 The Malta Business Registry (MBR) is the government agency responsible for the registration, regulation, and compliance of companies and commercial partnerships in Malta. It plays a pivotal role in overseeing company operations, managing deadlines, and ensuring adherence to legal and regulatory frameworks. Alongside standard annual obligations, the MBR regularly issues notifications to keep companies…
22.01.2025 Navigating business challenges and avoiding common pitfalls: Insights for entrepreneurs Setting up and running a business is an exciting yet demanding venture. Whether you are just starting or looking to grow, understanding the challenges you may face and avoiding common mistakes can make the journey smoother. Here, we explore the main hurdles businesses encounter…
15.01.2025 Among the initiatives supporting a dynamic ecosystem in Malta, one can find the Micronvest Scheme supported by Malta Enterprise. Designed to encourage undertakings, including start-ups, family businesses, and self-employed individuals, the scheme provides tangible incentives for businesses to innovate, expand, and develop their operations. What Is the Micronvest Scheme? The Micronvest Scheme is a…