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Malta and the EU

Latest business news about Malta and the European Union.

EC requests Maltese anti-money laundering watchdog to step up supervision of banks
The EU Commission requested the Maltese anti-money laundering supervisor Thursday to take additional measures to fully comply with its obligations under the fourth Anti-Money Laundering Directive.

Malta breaking EU law on wild birds: EU Court
Malta has failed to fulfil its obligations under EU law in its adoption of a derogation regime to allow the trapping of seven species of wild birds, the European Court of Justice ruled on Thursday.

Migration and future of the EU on summit agenda
EU leaders meet for an informal summit in Malta Friday, with two items on their agenda: how to stem the flow of migrants, particularly from Libya, and to get down to mapping a future for Europe after Brexit.

Malta's unique role in pivotal year for the EU
European Union leaders visited Malta Wednesday to mark the launch of the first Maltese EU presidency, as it takes on a pivotal role in Europe's political development during a historic time for the EU.

Malta takes over EU presidency for the first time
The small island of Malta took over the EU presidency on 1 January, facing the challenges of Brexit and important elections in France, Germany and the Netherlands.

EIB signs SME finance deals with Malta, Slovakia
The European Investment Fund has signed new SME financing agreements with banks in Malta and Slovakia to provide low-cost loans to small- and medium-sized enterprises and mid-caps.

Doing business in Malta: PKF guide
PKF Malta is a national association of legally independent Malta member firms. Their guide on Doing Business in Malta includes six chapters on the following topics: Introduction Malta, Business Entities available, Financial Services Regulation, Prime Activities in Malta, Taxation, and Grants and Incentives.

Malta: country overview
Malta became an EU Member State in May 2004 and began using the euro as currency in 2008. The most important sectors of Malta's economy in 2015 were wholesale and retail trade, transport, accommodation and food services (22.6 %), public administration, defence, education, human health and social work activities (18.8 %) and professional, scientific and technical activities; administrative and support service activities (12.5 %). Malta's main export partners are Germany, France and Hong Kong, while its main import partners are Italy, the Netherlands and the UK.

Camilleri Preziosi
Camilleri Preziosi is a leading Maltese law firm with a commitment to deliver an efficient service to clients by combining technical excellence with a solution driven approach to the practice of law.

Representation of the European Commission in Malta
Contacts of the European Commission representation in Malta.

Malta: Economy Overview
Malta's economy is dependent on foreign trade, manufacturing - especially electronics and pharmaceuticals - and tourism all of which have been negatively affected by the global economic downturn. Malta adopted the euro on 1 January 2008.

Access to finance
An overview of the sources of finance available to SMEs in Malta.

Setting up a business in Malta
An overview of the process of starting a new business in Malta.

Malta and the euro
Malta joined the European Union in 2004 and adopted the euro on 1 January 2008.

Convergence Reports 2007 - Malta
On 16 May 2007, the European Commission concluded that Malta has achieved a high degree of sustainable economic convergence with the other Member States and that it fulfils the necessary conditions to adopt the euro. On the basis of its Convergence Report, the Commission is proposing to the Council that Malta adopts the euro on 1 January 2008. The final decision will be taken by EU finance ministers in July, after consultation of the European Parliament, and following a discussion by the Heads of State or Government at their summit in June. In its Convergence Report, the Commission assesses whether Malta has achieved a high degree of sustainable convergence, measured against the criteria set out in Article 121(1) regarding the government budgetary position, price stability, exchange rate stability and convergence of long-term interest rates. Compatibility of the legal framework with the Treaty is also examined.

Study of Gambling Services in the Internal Market of the European Union
To obtain a detailed overview of the legal and economic aspects of gambling and games of chance, the Commission asked the Swiss Institute of Comparative Law to carry out a study into the sector. The study is the result of close to two years work and provides an analysis of the legal regimes governing gambling and games of chance in the European Union.

Malta country profile
Malta is a group of islands in the Mediterranean Sea. Malta became a Member State of the European Union on 1 May 2004.

Doing Business in Malta (Ernst & Young)
General business and tax information on Malta from Ernst & Young online - pdf

Taxation and Investment in Malta (Deloitte)
The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source. In addition to the Malta Highlights and Taxation and Investment Guide, above, country links open the door to the Deloitte International Tax Source and a wide range of materials and information on the tax consequences of doing business across borders.

Doing Business in Malta (HLBI)
Guide on Malta from HLB International, which has produced a series of international booklets on accounting, taxation and company law information.