03.12.2024 The Power of Outsourcing Business Process Outsourcing (BPO) is a method of subcontracting a part or various parts of business operation to third parties. This process which has evolved over the years, spans over various industries and can reduce certain operational and HR costs and leverage certain expertise through third party suppliers. The Rise…
26.11.2024 Accounting Services Accounting provides the essential data and insights needed for informed business decisions. It helps track income and expenditures, ensuring that companies have a clear picture of their financial health. This information is crucial for evaluating performance, forecasting prospects, and planning strategies. One of the critical roles of accounting is to ensure businesses…
19.11.2024 Registration requirements for natural persons and legal entities engaged in economic activities. VAT is a widely adopted taxation system globally, with each country implementing its own unique framework and rates. This consumption tax has become increasingly significant in global taxation, contributing substantially to government revenues worldwide. While the fundamental structure of VAT systems is…
12.11.2024 The surge in business in Malta can be attributed to a combination of favourable factors that make the island nation an attractive destination for entrepreneurs. Malta’s advantageous tax regime, featuring one of Europe’s lowest corporate tax rates and beneficial tax systems for both local and foreign companies, serves as a significant draw. As an…
05.11.2024 When considering a country to set up a new startup, it’s important to study many factors such as the economy of the country, the cost of living, availability of local talent, the IT infrastructure, availability of accommodation options, taxation, education, languages spoken, and health, amongst others. Malta has all of this to offer, in…
02.07.2024 In recent years, the business practice of hiring third-party companies or professional individuals to perform specific tasks has gained significant importance. This trend, known as outsourcing, allows companies to focus on their core activities while using the expertise and efficiency of specialised service providers. We have recognised this shift and developed a comprehensive list…
25.06.2024 In the vibrant business landscape of Malta, small to medium-sized business play a pivotal role in driving economic growth and innovation. For these businesses, effective accounting practices are not just a regulatory requirement but a cornerstone for sustainable success. This article explores the value of accounting for these business in Malta, highlighting key benefits…
18.06.2024 During the life of a business, there might come a time when you consider dissolving your company. Various reasons can lead to this decision, such as retirement, the need to reorganise a group of companies, internal conflicts, lack of profitability, or even bankruptcy. If you are currently thinking of striking off your Malta company…
16.04.2024 In Malta, companies are registered through the Malta Business Registry (MBR) under the guidelines of the Maltese Companies Act. To establish a private limited liability company, certain key information must be provided, including the company name, primary and secondary objectives, authorised and issued share capital, a registered address in Malta, and at least one…
09.01.2024 Malta is known for being a favourable location for company formations due to its strategic location, tax benefits, and business-friendly environment. Malta has a well-established legal framework that governs companies and business activities. Compliance with regulations, including anti-money laundering (AML) and know your customer (KYC) requirements, is essential. Malta is known for its attractive…