Business In Malta
Changpeng Zhao, the billionaire that is behind one of the largest cryptocurrency companies in the world, Binance is behind the planning of the new decentralised bank in Malta. The bank will be called Founders Bank, and there is a reason to it. One of the main features that makes the bank unique and special, is the fact that it will not belong to any single entity or individual.
The SMEi (Small Medium Sized Enterprises Initiative) in Malta, strives to help local SMEs start and grow their business. Previously, the SME Initiative Fund stood at €15 million, however, after being topped up with €7 million, the initiative fund now stands at €22million. After being leveraged, this ends up being approximately €90 million dedicated for investment of SMEs.
Latest Business News
Business Bank Account In Malta – How To Apply?
VAT Return In Malta – A Detailed Overview
When it comes to income tax Malta has it’s own specific regulations. For starters, annual returns need to be filed either a) within the 9 month period that follows the offical end of the businesses’ fiscal year or b) March 31st (whichever comes first). Tax returns are sent directly to the Commissioner for Revenue in Malta or they can be filed online on their website and you’ll receive a receipt immediately.read more
In order to promote various different business activities, the government has gotten rid of the requirement of trade licenses for various different business activities. Specifically, this has been done through what’s called Legal Notice 40 which was drafted and proposed in 2016 and became official on the 1st of January in 2017.read more
Malta has grasped the iGaming industry and its iGaming firms are currently leading when it comes to being the best in business. The success of iGaming in Malta has made the Maltese people to become experts when it comes to iGaming and this makes us rename Malta as Europe’s Silicon Valley when it comes to their expertise in the iGaming industry.read more
In the past few years, many new businesses have been setting up virtual offices in Malta, to the point that Malta is now gaining a strong reputation in the new industries. From multinationals to traditional business hubs and ranging all the way to cutting edge technological and pharmaceutical firms, this peaceful and sunny island is now attracting in worldwide attention and investments.read more
In order to open a business in an office Malta, you need to acquire an operating license that is often issued by the relevant government department. There is normally a fee for the license and it depends on the nature of the business you wish to start and where you want it located.read more
The Planning Authority (PA) is responsible for environmental regulation and land use planning in Malta. This national agency was set up under the Development Planning Act (1992) and Environment Protection Act (2001) of Malta laws. Entrepreneurs should understand the regulation and building permits in Malta before establishing a structure for their business.read more
Malta’s location in the centre of the Mediterranean has long made it of strategic interest to foreign powers, and this has been reflected in its long history. While the geopolitical situation in the region may have changed somewhat, the country still draws attention from the outside world.read more
Bitcoin, the world’s most popular decentralized digital currency, was created in 2009 by a programmer using the pseudonym Satoshi Nakamoto. Today, the virtual currency has become a global method of payment for goods and services with more than 100,000 merchants across the world accepting Bitcoins.
You’ve probably heard of cryptocurrencies such as Bitcoin or Ethereum whilst you’ve been going about your everyday life but do you really know what they are? These are two of the most popular cryptocurrencies on the market, they are basically a digital currency which utilizes encryption techniques in order to enhance security during the trading process.
The well-known cryptocurrency exchange, Binance, is in the process of moving their operations to Malta. The exchange, which is said to be the most popular exchange in the world, made a quarterly profit of $200 million in Q1 2018, and turns over an estimated volume of $1.6 billion a day.
Right in the heart of the Mediterranean, Malta is a small archipelago with a land area of around 316 square kilometres spread over three islands. A parliamentary republic, it is a member of the EU, the OSCE and the Council of Europe. The Malta corporate tax rate is one of the best within the European Union.
Many entrepreneurs looking to start or grow a business are often faced with the hard decision of formulating a budget. However, figuring out what goes where and determining whether the company will meet the set goals is mandatory. So use this startup Malta practical guide to start planning your budget.
As a member of the European Union, Malta has experienced complete transformation in its economic activities. The country provides diverse business opportunities for expats living or coming to visit the country. In this article you will find some business ideas you can start today.
Malta is known for its high-class tourism and it might be pretty surprising to hear about Malta being touted as a destination for starting a business. However, the country offers a lot in terms of business environment to foreign investors.
The Bitcoin is a cutting edge modern currency that brings some elements of early money transactions to our technologically advanced world. It was created by an anonymous programmer (or group) who allegedly wanted to create an alternative to standard currencies, whose value revolves around the cost of a commodity such as gold.
As the financial technology industry has developed greater and faster tools with the internet, blockchain technology was created. This has created the ability to pay for services and goods online with completely digital money. It is commonly referred to as Cryptocurrency.