New Conditions of Work Regulation Orders - Ecovis in Malta

New Conditions of Work Regulation Orders

Malta has introduced a new set of Conditions of Work Regulation Orders (CWROs), which came into force on 30 June 2026. Employers may need to review their employment contracts, payroll systems and workplace policies to remain compliant.
Relocating to Malta: Your Gateway to Living and Doing Business in Europe - Ecovis in Malta

Relocating to Malta: Your Gateway to Living and Doing Business in Europe

Malta continues to attract professionals, entrepreneurs, investors and families seeking a stable, English-speaking base in the European Union and Schengen Area. Its strategic Mediterranean location, strong business environment and high quality of life make it a leading relocation destination. At ECOVIS Malta, we regularly advise individuals and businesses on the legal, corporate, tax and practical […]
Commissioner for Revenue: Deductions in Respect of Intellectual Property and Intellectual Property Rights - Ecovis in Malta

Commissioner for Revenue: Deductions in Respect of Intellectual Property and Intellectual Property Rights

On the 28 December, 2023, the Commissioner for Tax and Customs announced that, with effect from the period covered by the year of assessment 2024, any expenditure of a capital nature incurred on Intellectual Property or Intellectual Property Rights may be deducted in full in terms of article 14(1)(m) of the Income Tax Act (Cap. […]
Corporate Social Responsibility – ECOVIS Malta - Ecovis in Malta

Corporate Social Responsibility – ECOVIS Malta

BAĦĦ is the title of the first Solo Exhibition by a Maltese upcoming artist, Peter Seychell. A festivity of design, colours and a meditation of spaces and landscapes. ECOVIS Malta a member of ECOVIS International is supporting this exhibition with a double objective. Secondly use BAĦĦ as a platform to raise funds in support of […]
Micro Invest – Tax Credits for Micro Enterprises and the Self-Employed - Ecovis in Malta

Micro Invest – Tax Credits for Micro Enterprises and the Self-Employed

The objective of the Micro Invest scheme, lead by the Malta Enterprise, is to encourage start-ups, family businesses, and the self-employed to invest in their business and expand their operations. The scheme aims to support micro-enterprises and the self-employed through a tax credit, which is calculated as a percentage of eligible expenditure. Eligibility The incentive […]
Employment Legal Amendments Introduce Proportionality of Probationary Periods for Fixed Term Contracts - Ecovis in Malta

Employment Legal Amendments Introduce Proportionality of Probationary Periods for Fixed Term Contracts

On 20 December 2022, legal amendments to the Employment and Industrial Relations Act (EIRA) imposed the obligation of proportionality of probationary periods for fixed term employment contracts.  In line with the new amendments, probationary periods for fixed term employment relationships are applicable as follows: No new probationary period shall apply for renewals of fixed term […]
FIAU Issues 2023 Risk Evaluation Questionnaire Deadlines - Ecovis in Malta

FIAU Issues 2023 Risk Evaluation Questionnaire Deadlines

Following the publication of its set of FAQs on the submission of Risk Evaluation Questionnaires (REQs), the FIAU has now published its timelines for submission. Completion of REQs: Subject persons will be able to access their respective REQs on the Compliance and Supervision Platform for Assessing Risk (CASPAR) portal as from 1 March 2023.  The […]
Malta Business Registry Shuts Down Public Access to Beneficial Owners Register - Ecovis in Malta

Malta Business Registry Shuts Down Public Access to Beneficial Owners Register

On the 25 November 2022, the Malta Business Registrar announced that the Malta Business Registry (MBR) is limiting access to the register of beneficial owners to competent authorities and subject persons only.  As a result, the beneficial owners register will not be accessible to the general public. The MBR’s decision is a direct response to […]
Malta Budget 2023 - Ecovis in Malta

Malta Budget 2023

Yesterday evening, the Minister for Finance Clyde Caruana announced the national budgetary estimates for 2023.  The Finance Minister also explained that in 2022, the economy is expected to grow by 6% while in 2023, the economy is expected to increase by 3.5% in real terms, and 7.3% in nominal terms.  Furthermore, Minister Caruana stated that […]
The MFSA publishes the Corporate Governance Code for Authorised Entities - Ecovis in Malta

The MFSA publishes the Corporate Governance Code for Authorised Entities

On the 5 August 2022, the Malta Financial Services Authority (MFSA) published the Corporate Governance Code which is applicable to all persons authorised by the authority.  The newly published Corporate Governance Code applies to all persons authorised by the MFSA to provide financial services in or from within Malta such as credit institutions, financial institutions, payment institutions, […]
MFSA Issues Source of Wealth Guidelines & Self-Declaration Form - Ecovis in Malta

MFSA Issues Source of Wealth Guidelines & Self-Declaration Form

The Malta Financial Services Authority (MFSA) issued a notice stating that it will be accepting a self-declaration on Source of Wealth as part of the PQ requirements, in lieu of the audited statement of wealth the Authority had been requesting previously.  In this regard, the MFSA has published the SOW/SOF Self-Declaration form and associated guidelines […]
EU Work-Life Balance Directive: Maltese Employees to Benefit from Paternity, Parental, and Carers’ Leave - Ecovis in Malta

EU Work-Life Balance Directive: Maltese Employees to Benefit from Paternity, Parental, and Carers’ Leave

Services offered by ECOVIS Malta: Legal consulting; drafting of HR guidelines, manuals, policies and procedures; Employment Law; EU workplace compliance advisory On 12 July 2022, the Government announced a legislative package to transpose the EU’s Work-Life Balance Directive, adopted in 2019. The Directive aims to enhance work-life balance through additional measures, which will help families […]
Malta’s Offers to the Film Industry: Locations, Expertise, and Financial Incentives - Ecovis in Malta

Malta’s Offers to the Film Industry: Locations, Expertise, and Financial Incentives

As filming for Ridley Scott’s Napoleon drama, starring Joaquin Phoenix and Vanessa Kirby, gets underway in several locations across the island, the Maltese film industry ramps up to offer the star-studded production the best it can offer in terms of location, service, and top-notch facilities.  The Malta Film Commission further supports the film industry through […]
COVID-19 Tax Deferral Scheme - Ecovis in Malta

COVID-19 Tax Deferral Scheme

Companies to Settle Payment by December 2024 On 11 May 2022, the Ministry for Finance and Employment (MFE) issued a press release setting the timing for the payment of taxes initially deferred under the COVID-19 Tax Deferral Scheme.  The Scheme, launched in March 2020, was intended to assist companies and businesses facing financial difficulties during […]
Malta launches Nomad Residence Permit - Ecovis in Malta

Malta launches Nomad Residence Permit

In June 2021, Residency Malta Agency introduced a new temporary residency scheme entitled: the ‘Nomad Residence Permit’. The aim of this program is to enable non-EU individuals to work remotely whilst living in Malta. Holders of the Nomad Residence Permit may thus retain their current employment based in another country whilst legally residing in Malta. […]
Maltese Trusts - Ecovis in Malta

Maltese Trusts

Maltese Trust law, based on the Trust (Jersey) Law of 1984, is regulated by the Trusts and Trustees Act, which enables both residence and non-residents to set up various types of Trusts in Malta. A Maltese trust may be set up for various reasons, such as securitization of assets, corporate financing, continuity of family businesses, […]
EU General Data Protection Regulation (GDPR): New rules across the EU - Ecovis in Malta

EU General Data Protection Regulation (GDPR): New rules across the EU

What is the GDPR? Earlier this year, the European Council adopted the General Data Protection Regulation (‘GDPR’) in a bid to reform the current data protection laws among EU Member States. As the law stands today, all Member States have their own legislations regulating data protection, guided only by a Data Protection Directive (‘DPD’) which […]