Archive for June, 2014

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Malta and Portugal currently lead Europe’s e-government ranking

In on June 27, 2014 by NEWCO

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The recently published report “Delivering on the European Benchmark” is a comparative analysis of the development of E-Government services in EU countries, drafted by a group of entities at the request of the European Commission regarding 2013.

According to this study, Malta obtained a remarkable classification and was the only country that consistently achieved the highest performance position in the different indicators that were analysed: “Citizen focused services”, “transparency”, “cross-border mobility” and “key enablers in IT”. Portugal, on the other hand, topped the ranking in overall terms regarding three out of the four criteria that were analysed; “Citizen focused services”, where the country came in second place and “transparency” and “key enablers in IT”, where it came third.

The first indicator, “Citizen focused services” shows how well information is made available online (“online availability”) and how that information is perceived by users (“online usability”). The second one, “transparency”, indicates to what extent governments are transparent in their responsibilities and the performance obtained in the provision of online services. The third indicator, “key enablers in IT”, evaluates to what extent that information is accessible to citizens from other member-states. Finally, the “Key IT enablers” indicator evaluates whether technical tools related to electronic identification and electronic documents are made available, among other things.

Malta was the only EU Member State classified at the top of all these indicators, a classification which Maltese authorities very pleased to receive. In applying their “Digital Malta: National Digital Malta 2014-2020” strategy they plan to continue improving their capacity to provide digital services in all of society´s sectors.

Malta and Portugal have both invested in developing their eGovernment services over the past years, with unquestionable benefits for operators and investor: in addition to the convenience and easy access to information, the interaction costs associated with the public services are lower and the information is obtained more effectively, with less bureaucracy and higher speed which are vital aspects to those who operate on international markets.

The complete report (in English) can be consulted here. http://ec.europa.eu/digital-agenda/en/news/eu-egovernment-report-2014-shows-usability-online-public-services-improving-not-fast

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“Why Malta” webinar recording and slides are now available

In on June 19, 2014 by NEWCO

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The recording and slides of our webinar “Tax Planning Opportunities through Malta”, of June 19th 2014, are now available.

In this webinar, Frederico Gouveia e Silva, Managing Partner of NEWCO, presented the main tax planning opportunities that are available through the Malta, one of the most tax efficient jurisdictions of the EU, and explained why it is an excellent location for the management of international activities such as trading, holding, intellectual property, shipping, trusts and foundations, among others.

Click here to view the webinar recording.

Click here to download the slides.

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    Reminder: our webinar Why Malta is today!

    In on June 19, 2014 by NEWCO

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    Our webinar on Tax Planning Opportunities through Malta will be hosted this afternoon and you’re still on time to register!

    In this webinar,  we will provide you with relevant information on tax planning opportunities in Malta and explain why it is one of the most competitive jurisdictions in the European Union to create and manage an international business.

    Register now.

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      Over 100 individuals have applied for the Malta Individual Investor Programme

      In on June 11, 2014 by NEWCO

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      Henley & Partners, the firm that manages the Individual Investor Programme or Citizenship Scheme, told the press yesterday that over 100 people had made financial investments as part of their application for this programme in less than 12 weeks. These commitments represent more than 100 million euros in direct foreign investment in Malta.

      The Individual Investor Programme (IIP) came into Maltese law via Legal Notice 47 of 2014 and it is regulated by the Maltese Citizenship Act. It is the first programme of its kind that the European Commission officially recognized as being valid.

      A foreign individual person (and their family) can acquire Maltese citizenship through this programme after being awarded a certificate of naturalisation so long as they contribute towards the Malta economic development fund with the specified amount and comply with the requirements stipulated in the programme. The programme has a limit of 1800 naturalisation certificates, but there is no time limit.

      Individuals who receive Maltese citizenship through this programme shall be included in the government list of naturalised citizens and they shall acquire all rights related to this citizenship for as long as they live and can even transfer these rights to their descendants.

      According to a newspaper article published this week, Jonathan Cardona, Chief Executive of the Individual Investment Programme was very satisfied with the programme’s initial success, going on to add that the clients brought in by Henley & Partners fit the profile of the type of investor that the country intended to attract with this programme: individuals and families who are extremely talented and have high professional standards, adding that, “these clients bring with them the type of networks that can take the Maltese economy to the next level.”

      Christian H. Kälin, Chairman of Henley & Partners said that, “the Individual Investment Programme was carefully developed and designed to ensure that it would be extremely attractive to the right individual profile.” He went on to add that, “the initial success of the programme confirms its feasibility and security, while clearly indicating the significant benefits that this programme will bring to Malta.”

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      New webinar: Why Malta

      In on June 10, 2014 by NEWCO

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      Webinar: Tax Planning Opportunities through Malta
      Thursday, 19th June 2014, 3 pm

      Malta is increasingly recognized as one of the EU’s most attractive jurisdictions for the management of international operations such as holding, trading and shipping activities.

      Thanks to a sound and credible economy, a competitive tax regime with low effective tax rates, competitive operational costs and easy access to Europe and the north of Africa markets, Malta is the ideal jurisdiction to create and manage an international business.

      This webinar will provide you with relevant information on tax planning opportunities in Malta. You will learn more about:

      • The business environment in Malta
      • The advantages for international business operations
      • Malta’s tax regime
      • The opportunities for:
        • Trading operations
        • Holding activities
        • Intellectual property or financing
        • Shipping
        • Yachts and aircraft financial leasing
        • Trusts and foundations
        • E-gaming

      Register now and find out how to optimize your international investments through one of the EU’s most competitive jurisdictions.

       

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        Malta extends double taxation treaty network

        In on June 4, 2014 by NEWCO

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        Due to recent developments, Malta’s network of agreements to avoid double taxation have just been updated to include those with Saudi Arabia, Israel, Russia, Turkey and Uruguay, which have come into force as well as new agreements signed with Liechtenstein, Moldavia and Ukraine. See the new table here.

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