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Ian Busuttil

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Extension for reduced rate of stamp duty on the transfer of a family business Corporate and M&A

Extension for reduced rate of stamp duty on the transfer of a family business

The reduced rate of stamp duty applicable to the transfer of shares in a family business from 2% to 1.5% has been extended for a further period of six months until 30th September 2018, in accordance with Legal Notice 82 of 2018 entitled Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order.The reduction in stamp duty applies in relation to:​The transfer of shares in a Maltese registered company and includes the transfer by means of donation by qualifying family members, which is defined as being a donation to one's spouse or partner in a civil…
Ian Busuttil
23rd April 2018
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Extension for reduced rate of stamp duty on the transfer of a family business Corporate and M&A

Extension for reduced rate of stamp duty on the transfer of a family business

The reduced rate of stamp duty applicable to the transfer of shares in a family business from 2% to 1.5% has been extended for a further period of six months until 30th September 2018, in accordance with Legal Notice 82 of 2018 entitled Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order.The reduction in stamp duty applies in relation to:​The transfer of shares in a Maltese registered company and includes the transfer by means of donation by qualifying family members, which is defined as being a donation to one's spouse or partner in a civil…
Ian Busuttil
23rd April 2018
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Further Cryptocurrency Exchanges Relocating to Malta Telecoms, Media & Technology

Further Cryptocurrency Exchanges Relocating to Malta

OKEX Technology Company Limited, commonly referred to as "OKEx", a crypto currency exchange with its main operations and head offices situated in Hong Kong, has announced that it will be expanding its operations to Malta. OKEx operates an online digital asset trading exchange platform which facilitates the deposit and withdrawal of digital assets by customers. OKEx also enables customers to engage in trading activities for spot trading and future contracts trading in cryptocurrencies. Malta has witnessed a wave of interest internationally in the cryptocurrency and DLT industry, as evidenced by the relocation of Binance and OKEx to Malta, which further strengthens…
Ian Busuttil
17th April 2018
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Further Cryptocurrency Exchanges Relocating to Malta Telecoms, Media & Technology

Further Cryptocurrency Exchanges Relocating to Malta

OKEX Technology Company Limited, commonly referred to as "OKEx", a crypto currency exchange with its main operations and head offices situated in Hong Kong, has announced that it will be expanding its operations to Malta. OKEx operates an online digital asset trading exchange platform which facilitates the deposit and withdrawal of digital assets by customers. OKEx also enables customers to engage in trading activities for spot trading and future contracts trading in cryptocurrencies. Malta has witnessed a wave of interest internationally in the cryptocurrency and DLT industry, as evidenced by the relocation of Binance and OKEx to Malta, which further strengthens…
Ian Busuttil
17th April 2018
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The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets Telecoms, Media & Technology

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks, or within the ambit of the proposed Virtual Financial Assets Act ("VFAA") or will otherwise be exempt from regulation. The…
Ian Busuttil
16th April 2018
News_Blockchain.png
The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets Telecoms, Media & Technology

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks, or within the ambit of the proposed Virtual Financial Assets Act ("VFAA") or will otherwise be exempt from regulation. The…
Ian Busuttil
16th April 2018