Guidelines in Relation to Distributed Ledger Technology (DLT)
Guidelines concerning the taxation of DLT Assets under the Income Tax Act, the VAT Act and the Duty and Documents and Transfers Act were published by the Commissioner for Revenue.
The Contemporary Company Secretary
Although constantly evolving, in more recent years, the role of the Company Secretary has undergone a significant shift both in the way it is perceived externally and also in its actual fulfilment within an organisation. Whereas historically defined rather restrictively as mainly administrative in nature, the Company Secretary is now expected to fulfil a much …
The Key Employee Initiative Launched – A Fast Tracked Single Permit Scheme
Identity Malta Agency launched the Key Employee Initiative (KEI) providing a fast-tracked service to highly-specialized Third-Country Nationals who are employed in Malta. The scheme will facilitate the issuing of work/residence permits to prospective key employees within five working days from the date of submission of the applications.
MFSA publishes FAQ document about The Virtual Financial Assets Framework
The Malta Financial Services Authority has published a document outlining frequently asked questions in relation to the Virtual Financial Assets Framework. It provides key information on the framework itself, classification of DLT assets, VFA agents, Initial Virtual Financial Asset Offerings, VFA service providers, AML/CFT requirements and transitory provisions.
New Individual Investor Programme Agency set up in Malta
Legal Notice 384 of 2018, Individual Investor Programme of the Republic of Malta (Amendment) Regulations, 2018, and Legal Notice 385 of 2018, Malta Individual Investor Programme Agency (Establishment) (Amendment) Order, 2018 were published on the 16th November 2018 in the Government Gazette, with the aim of setting up a new and separate agency which will be responsible for the Malta …
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Blockchain: The Potential to change the entire economic world
The shipping industry has been given a fresh opportunity to strengthen the security of their data that could spell the end of paper documentation. Blockchain technology promises to revolutionize container logistics by connecting the supply chain in a way the industry has never seen before. Should the technology enter operation it could also bring annual …
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Foyen assists Salem Municipality in a sale generating a profit of SEK 38 million
Foyen Advokatfirma, together with PwC, hasassisted Salem Municipality in a purchase and sale of a property over thecourse of a single day, generating a profit of SEK 38 million.
Mert Karamustafaoglu has been promoted as Partner and Competition & Compliance Leader
We are very proud of announcing that Mert Karamustafaoglu has been promoted as Partner and Competition & Compliance Leader, as of January 1, 2019.
Nezihe Boran Demir has been promoted as Managing Associate
We are very proud of announcing that Nezihe Boran Demir has been promoted as Managing Associate, as of January 1, 2019.
Transfer of Türk Telekom Shares owned by OTAS is completed
Within the scope of the restructuring of the loans obtained by Ojer Telekomünikasyon A.Ş. (OTAŞ) in 2013 and 2014, the transfer of the shares owned by OTAŞ, representing 55% of Türk Telekomünikasyon A.Ş.’s (Türk Telekom) issued share capital by a special purpose vehicle incorporated directly or indirectly by the creditors was completed on 21st of December, 2018.