On 30th January 2023, the Malta Gaming Authority (‘MGA’) published its Policy on the use of Distributed Ledger Technology (‘DLT’) by Authorised Persons.
Public access of Beneficial Ownership information – Malta
Following a ground-breaking ruling delivered by the Court of Justice of the European Union that took place on 22nd November 2022, the Malta Business Registry (“MBR”) has issued a notice to the general public informing them that it will be limiting access of the register of beneficial owners to competent authorities and subject persons only.
Fitch confirms Malta’s A+ rating with a stable outlook
On 11th November 2022, global rating agency Fitch has confirmed Malta’s A+ rating with a ‘stable’ outlook, citing the country’s resilient labour market and strong GDP growth as positive metrics.
Malta launches the Start-up Residence Programme
The Government of Malta has launched a new residency programme targeting non-Europeans who want to bring their start-up businesses to Malta. Through this programme, they can now benefit from a three-year residency permit for themselves and their immediate family members.
Scope confirms Malta’s A+ rating
On 23rd September 2022, Scope Ratings GmbH confirmed Malta’s rating to be A+ with a stable outlook.
Malta described as ‘success story’ in FATF meetings
In a statement dated 17th June 2022, the FATF said Malta had made “significant progress” and had “strengthened the effectiveness” of its anti-money laundering regime to combat the “strategic deficiencies” the body had highlighted last year.
Malta’s stable economic outlook
On 10th June 2022, DBRS Ratings GmbH confirmed Malta’s rating to be ‘A’ (high), with a Stable trend on all ratings.
DBRS confirms Malta at ‘A’ (high) Stable
On 9th July 2021, DBRS Ratings GmbH confirmed Malta’s rating to be ‘A’ (high), with a Stable trend on all ratings.
Amendments to the Highly Qualified Persons Rules
By virtue of Highly Qualified Persons (Amendment) Rules (Legal Notice 29 of 2021), the Maltese legislator has made changes to the Highly Qualified Persons Rules (S.L. 123.126).
Update on Malta’s Shipping Industry
Malta’s shipping register has been confirmed as the biggest worldwide in terms of superyachts, having 850 vessels larger than 24 metres.