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    Audit and assurance
    Audit and assurance
    • Financial statements audits
      Financial statements audits
    • Financial statement reviews
      Financial statement reviews
    • Financial statements compilations
      Financial statements compilations
    • IFRS
      IFRS
    • Audit quality monitoring
      Audit quality monitoring
    • Global audit technology
      Global audit technology
    • Systems and risk assurance
      Systems and risk assurance
    Residence
    Malta Residence Programme
    • Programmes
      Grant Thornton is authorised and regulated by the Government of Malta to handle and submit applications for both citizenship applications as well as residence permits under the various residence programmes available in terms of Maltese law.
    • Ordinary residency in Malta
      Any EU, EEA or third country national who resides in Malta for more than 3 months is obliged to apply for a Residence Permit. There are various grounds upon which an applicant may apply to require a residence permit, including: Self-Sufficiency, Employment or Self-Employment, Family Members, Permanent Residence, Study Purposes.
    • Qualifying Employment in Aviation Rule
      Malta provides qualified persons employed in the field of aviation with an opportunity to enjoy a 15% flat personal tax rate on income generated from their direct employment in Malta. For a candidate to qualify, their annual income must exceed €45,000. This does not include the value of fringe benefits and applies to the derived income received from an eligible office.
    • Qualifying Employment in Innovation and Creativity (Personal Tax) (Amendment) Rules, 2019
      These Rules allows persons employed in a role directly engaged in carrying out, or management of research, development, design, analytical or innovation activities, to enjoy a 15% flat personal tax rate on income generated from their direct employment in Malta.
    • Qualifying Employment in Maritime and Offshore Oil & Gas Industry Rule
      Malta provides qualified persons employed in the field of aviation, with an opportunity to enjoy a 15% flat personal tax rate on income generated from their direct employment in Malta.
    • Nomad Residence Permit
      The nomad residence permit, which was launched in June 2021, allows third-country nationals who would normally require a Visa to travel to Malta, to retain their current employment based in another country whilst legally residing on the island.
    Related insights:
    RESIDENCY Applying for residence in Malta
    01 Oct 2019
    Any EU, EEA or third country national who resides in Malta for more than 3 months is obliged to apply for a Residence Permit. There are various grounds upon which an applicant may apply to require a residence permit
    Citizenship
    With its balmy Mediterranean climate and favourable business environment, Malta is the ideal place to relocate your family and/or your business.
    • Citizenship by naturalisation
      The Maltese Citizenship Act (Cap 188) establishes who may become a citizen of Malta by naturalisation, provided that the applicant satisfies the relative provisions.
    • Citizenship for Exceptional Services by Direct Investment
      With the continuously changing global dynamics and evolving geopolitics, there is an ever-growing number of highly-talented high-net-worth individuals who are willing to invest and relocate to give themselves and their family members the chance to broaden their horizons and become part of a welcoming community.
    • Grant of Citizenship for Exceptional Services
      Malta has enacted legislation which extends to individuals providing excellent or manifestly superior contributions in the fields of science, research, sports, arts and culture as well as people of exceptional interest to the Republic of Malta, the right to become Maltese citizens.
    • Acquisition of citizenship by registration
      The Maltese Citizenship Act (Cap 188) establishes who can register as a citizens of Malta. The Act was amended on 1st August 2007, this making it possible for second and subsequent generations born abroad to acquire Maltese citizenship by registration.
    Business risk services
    Business risk services
    • Internal audit
      Internal audit
    • Risk management and internal controls consulting
      Risk management and internal controls consulting
    • Governance and risk management
      Governance and risk management
    • Regulatory services
      Regulatory services
    • Risk modelling services
      Risk modelling services
    • Forensic and investigation
      Forensic and investigation
    • Compliance audit
      A compliance audit is a detailed review which focuses on whether an organisation is in conformity with statutory laws as well as internal rules and decisions. This type of audit also assesses the effectiveness of an organization’s internal controls by identifying weaknesses in compliance processes whilst finding measures to enhance such processes.
    Business consulting services
    Business consulting services
    • General business consulting
      General business consulting
    • Business planning and performance improvement
      Business planning and performance improvement
    • Change and program management
      Change and program management
    • Business intelligence and analytics
      Business intelligence and analytics
    • Business valuation and litigation support
      Business valuation and litigation support
    • Business process outsourcing and consulting
      Business process outsourcing and consulting
    • Family business consulting
      Our business solutions for family businesses center on alignment of all aspects of the family and business, including culture, vision, mission, values, governance, ownership, leadership, communication and policy development.
    • Quantitative small caps
      Quantitative small caps
    • Data analytics
      Data analytics is the process through which businesses leverage data to gain actionable insights and enhance their performance. This is based on a solid foundation of well-organised and accurate data. Many businesses have a large amount of data at their disposal however, most of them do not have the expertise to analyse the available data.
    Family businesses
    Our business solutions for family businesses center on alignment of all aspects of the family and business, including culture, vision, mission, values,...
    • Maltese Family Businesses Resource Centre
      For over 30 years Grant Thornton’s advisory teams have assisted family businesses in navigating the challenges of leadership and succession across generations
    • Grooming
      Preparing the next generation for leadership and ownership is an integral part of any succession process. Grant Thornton can help formulate the necessary grooming plan for all the potential successors.
    • Tax services
      Using a combination of reason and instinct, we can work with clients to develop a strategy that helps them understand and manage their tax liability in a transparent and ethical way.
    • Access to finance
      Like all companies, family businesses need finance. As an ongoing business concern looking at expanding, when it comes to raising capital, it’s important that this is done wisely to minimise the risk of collateral damage.
    • Governance
      Having a proper governance structure is essential to ensure that the family and business strategies are achieved. Grant Thornton can advise on this, and facilitate the implementation of the ideal governance structure based on the exact scenario.
    • Ownership succession
      Letting go of your family business is difficult for all owners and even more so for founders; however, in a family business the additional challenge presented by the family component increases the complexity of this process. Our team of family business advisors will ensure that such ownership issues are dealt with in an effective and structured approach.
    • Exit strategies
      There are many 'exit strategies' that need to be considered to minimise the risk of conflict. They can arise from the eventual exit of a family member from the ownership ranks and can have many causes. See how we can help.
    • Management succession
      By implementing our family business guidelines to family succession and a proper governance structure, the management succession process can be completed with minimal conflict and will result in the most competent successor being chosen.
    Technology
    IT and technology
    • GDPR consultancy
      The General Data Protection Regulation (GDPR) is the EU's data protection law which brings a lot of changes for your business to prepare. Grant Thornton can help your business make sure it complies to the new regulation.
    • Cyber security consultancy
      Cyber security consultancy
    • IT business consultancy
      IT business consultancy
    • Technology implementation
      Technology implementation
    • ESEF Reporting
      We are providing a service for listed companies that fall in scope to report in xHTML. Our service includes the mapping of the taxonomy, as well as the output of the audit/regulator ready xHTML report
    • IT Audit and Assurance
      Information systems strengthens an organisation’s financial and operational processes. Grant Thornton Malta strengthens your organisation’s need for IT and information assurance.
    Other services
    Other services
    • Human resource consultancy
      Human resource consultancy
    • Brand development
      Brand development
    • Marketing and communications consultancy
      Marketing and communications consultancy
    • Market research
      Market research
    • EU funding
      EU funding
    Business Process Solutions
    Business Process Solutions
    • Bookkeeping & financial accounting
      Bookkeeping & financial accounting
    • Payroll and personnel administration
      Payroll and personnel administration
    • Direct and Indirect tax compliance
      Tax compliance within outsourcing
    • Compilation of financial statements
      Compilation of financial statements
    • Business process outsourcing
      Business process outsourcing including back office and secretarial
    • Family business consulting
      Family business consulting
    • Startups
      Startups
    • Company formation
      Company formation
    • BOR
      Entities in Malta, including companies, partnerships, foundations, trusts and associations, have an obligation to disclose the ultimate beneficial owner/s (physical person) of the entities. A beneficial owner is defined as the individual (s) who ultimately owns or controls a legal entity or arrangement through direct or indirect ownership of a sufficient percentage of the shares or voting rights or ownership interest in that entity.
    Recovery and reorganisation
    Recovery and reorganisation
    • Operational and financial restructuring and reorganisation
      Operational and financial restructuring and reorganisation
    • Recovery
      Recovery
    Tax services
    Tax and regulatory
    • Direct international tax
      Direct international tax
    • Indirect international tax
      Indirect international tax
    • Global mobility services
      Global mobility services
    • Transfer pricing
      Transfer pricing
    • Estate planning
      Estate planning
    • Wealth advisory
      Wealth advisory
    • Regulatory and legal
      Regulatory and legal
    • Corporate tax services
      Corporate services
    • VAT
      At its simplest, VAT is a tax on consumption and is a multi-stage tax (ie applied at every stage of the production process), which is applied to both goods (ie tangible property) and services. Additionally, although the tax is ultimately borne by the consumer (by getting included in the price paid), responsibility for charging, collecting and passing the tax on to the tax authorities, rests with the supplier.
    • 2018 Amendments of the Income Tax Act
      The following is a brief overview of the new tax provisions introduced in 2018 by the Budget Implementation Act (Act VII of 2018) and other legislative enactments
    Transaction services
    Transaction services
    • Mergers and acquisitions
      Mergers and acquisitions
    • Prospects MTF
      As of 2016, small and medium-sized enterprises in Malta can access the capital markets through Prospects - a market of the Malta Stock Exchange (MSE) designed specifically for Small and Medium sized Enterprises (SME). Prospects offers a cost-effective opportunity for entities looking to raise up to €5 million per issue.
    • Project financing
      Project financing
    • Due diligence
      Due diligence
    • Valuations
      Valuations
    • Foreign direct investment
      Foreign direct investment (FDI) is the category of international investment that echoes the objective of obtaining a lasting interest by an investor in one economy in an enterprise resident in another economy.
    • Wholesale Securities Market
      WSM is a joint venture between the Malta Stock Exchange and the Irish Stock Exchange, combining the best of each partner’s processes and technical skills.
    • Investment Support
      The government of Malta has made available several incentive programmes, aimed at supporting Maltese SMEs and start-ups. These support schemes are targeted at different stages of a company’s lifecycle and cover from the start-up to the consolidation and expansion phases. Such incentives are usually promoted and managed by Malta Enterprise, while Trade Malta focuses on supporting businesses to penetrate foreign markets.
    Regulatory Services
    Regulatory Services
    • Financial regulatory services
      Financial regulatory services
    • Ship and aircraft registration
      Ship and aircraft registration
    • Medical cannabis licensing in Malta
      A study published in 2018 by market intelligence and strategic consultancy firm Prohibition Partners, has forecasted that the European cannabis market will be valued €115.7 billion by 2028. According to the same study, while patient numbers are currently below 100,000 across the region, their number is set to grow to over 30 million in the next decade. In 2018 Malta introduced a bill to legalise the use of medical marijuana and attract companies willing to produce high-grade medical cannabis for the European market.
    • Trust and trustee services
      As an entrepreneur, business owner, parent or guardian, you will want to ensure that whatever happens in the future, the rewards from your hard work can be protected as efficiently as possible. Grant Thornton Fiduciaire Limited (Grant Thornton) understands this and provides a professional and holistic trust management service.
    • Family trusts
      The law establishes the requirement of a license for one to be able to act as a trustee subject to certain limited exceptions. One such exception is found in the Rules for Trustees of Family Trusts which provide for an exception to this rule where a trust is set up to hold property settled by a settlor or settlors for the present and future needs of family members or of family dependants who are clearly identifiable.
    Industries
    • Transport
    • Consumer goods
    • EU funding
    • Fintech and Innovation
    • Public sector
    • iGaming
    • Startups
    • Real estate
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    • Financial services
    • Collective Investment Schemes
    Transport
    Due to the breadth of expertise available, Grant Thornton can provide players in three main sectors of the transport industry; these being Maritime, Aviation,...
    • Aviation
      The Maltese Government is constantly remaining to improve the position as the best place to do business within the aviation industry through exhaustive tax agreements, powerful legislation, and many aviation professionals. This is the best time for airlines, financiers and aircraft owners to be located in Malta.
    • Maritime
      For Maritime, Grant Thornton provide direction with regards to VAT guidelines for yacht leasing, as well as ship and aircraft registration.
    • Automotive
      We offer a broad range of services relating to automotive, ranging from Transaction advisory, access to finance, business advisory, process and inventory management, tax advisory, audit and advisory, outsourced support services.
    EU funding
    EU funding
    • SME Growth
      SME Growth
    • Startup investment
      Start-up investment
    • SME Diversification and Innovation
      SME Diversification and Innovation
    • SME Internationalisation
      SME Internationalisation
    • SME Consultancy services
      SME Consultancy services
    • SME eCommerce
      SME eCommerce
    Fintech and Innovation
    At Grant Thornton we help innovative firms and entities operating in the fintech space launch new propositions and grow their business. We also help...
    • Blockchain technology
      Blockchain technology
    • The Malta Virtual Financial Assets Act
      The Virtual Financial Assets Act provides a sound legislative framework for Malta to regulate and responsibly promote the use of cryptocurrencies, crypto-exchanges and other crypto-related services, through which Malta aims to promote further technological innovations and growth, and continue building on its robust financial services industry.
    • Our role as a VFA agent
      Our role as a VFA agent consists to assist, monitor and provide guidance throughout the full licensing process, and beyond the licensing stage. The VFA agent will be required to apply for the VFA license on behalf of the issuer.
    • Initial Coin Offerings
      Initial Coin Offerings (ICOs) in Malta have risen to prominence as a method to raise capital from the public, institutions or venture capitalists by selling a percentage of cryptocurrency to investors in the form of tokens in exchange for legal tender (smart contracts).
    iGaming
    With a sound jurisdiction that steers clear of bureaucracy and that has a proven track record, the iGaming industry in Malta is continuing to build on its...
    • Gaming Regulations
      Malta recently overhauled the framework regulating the iGaming sector. Going forward operators will still be required to obtain authorisation to carry out regulated activities.
    • Licensing Process
      Prior to submission all applicants are advised to go through a pre-application process with one of the MGA’s Licensing Officers. This will ensure that the application has been correctly compiled and all the key ingredients are present.
    Real estate
    Real estate
    • Malta Real Estate Investment Trust (REIT)
      As part of the 2019 budget, the government has pledged to introduce a Real Estate Investment Trust (REIT) framework in Malta.
    Financial services
    Financial services businesses engage in an increasingly complex and heavily regulated environment. Grant Thornton's multi-disciplinary Financial Services Group...
    • The Markets in Financial Instruments Directive (MiFID) II
      MiFID II aims to protect investors and make sure that financial markets operate in the fairest and most transparent way possible. Building on stock and investment trading regulation introduced in 2007 it sets to ensure a more integrated financial market.
    Collective Investment Schemes
    At Grant Thornton we help innovative firms and entities operating in the fintech space launch new propositions and grow their business. We also help...
    • Taxation of Malta Collective Investment Schemes
      Malta-registered collective investment schemes (CISs) are generally not subject to Malta tax. Given that CIS are properly structured, such schemes generally can take advantage of a number of tax benefits. When it comes to taxation of investors in collective investment schemes, this will depend on what type of income is being received, whether the investor is a Malta resident or not, and if the shareholder is an individual or a body-corporate?
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    Remote working Product digitisation and remote working are driving business sustainability
    Covid-19 has accelerated the digitisation of business processes – from product inception to customer interaction and work practices. A 2020 study by McKinsey showed that in 2019, the average share of digital customer interactions amounted to 32% of all customer interactions, while the share of products and/or services that were partially or fully digitized made up for 34% of all goods and services in Europe.
    23 Sep 2021
    IT & technology Defending key national infrastructures from cyber attacks
    The possibility of Malta’s power grid being hit by a disruptive cyberattack is not remote. In October 2019, Siemens and Ponemon published the findings of a worldwide joint survey carried out on a sample of 1,700 utility professionals responsible for cybersecurity within their companies (1).
    16 Dec 2019
    Artificial Intelligence Malta’s national AI strategy: is the country ready?
    The Maltese government has officially launched its national AI strategy during the Delta Summit 2019. The document is a blueprint for the progressive introduction of AI into Maltese society, which will position the island as a centre of excellence for artificial intelligence-backed technologies. The strategy, which sets a vision for Malta to become the “Ultimate AI Launchpad” by 2030, relies on the attainment of three strategic objectives.
    28 Oct 2019
    Cyber security 5 simple steps to protect your office data from hackers
    Digital threats to companies are on the rise, and organizations worldwide are investing a growing share of their budgets to secure their networks. A report published by digital security specialists Gemalto reveals that 945 data breaches led to 4.5 billion data records being stolen worldwide in the first half of 2018.Here are a few easy steps to follow in order to mitigate the risks posed by a cyber-attack at your workplace.
    31 May 2019
    Artificial Intelligence Human-centric artificial intelligence: a European approach
    Since homo sapiens developed from earlier primates c. 300,000 years ago, we have constantly improved technology to serve our needs efficiently and with less effort.
    23 Apr 2019
    Artificial Intelligence Ethical considerations surrounding artificial intelligence
    There is little doubt about the fact that AI and robotics will be two of the most defining technology accelerators of this decade. Apart from their deployment in the field of business, these technologies bear potential to enhance the quality of life of millions of individuals worldwide.
    17 Apr 2019
    Technology Leveraging knowledge in a data rich world - Big Data and Business Analytics
    We all heard about “big data”; which is incomprehensibly large data generated by real people. To give you an idea of scale; 90% of all data was created in the last 2 years, and we currently generate c. 2.5 quintillion bytes of data a day.
    12 Mar 2019
    Technology How companies are using Big Data
    Big data analytics refers to the possibility of gathering and analysing a substantial amount of data through advanced Business Intelligence (BI) software systems.
    08 Mar 2019
    Growth iQ Who's embracing in the latest finance technology?
    Only around half of businesses have a clear strategy and business case for enhanced digital transformation within the finance function. Is your organisation ready to make better business decisions?
    21 Nov 2018
    Blockchain Malta leading the blockchain revolution
    Many predict that DLT is reinventing and transforming key industries and creating new business models, making every transaction transparent, democratic, decentralized, efficient and secure. The belief in blockchain’s potential is so widespread that financial and tech entities have invested an estimate of $1.4 billion in 2016, which is expected to go up to $2.1 billion in 2018.
    08 Nov 2018
    Budget Malta Budget 2019
    Monday 22 October 2018 marks the presentation of the 2019 budget of this government aimed at stimulating economic growth, reducing government debt and delivering a budget surplus year on year.
    19 Oct 2018
    IFRS Accounting for cryptocurrencies
    Cryptocurrency is digital or ‘virtual’ money, which uses cryptography to secure its transactions, to control the creation of additional currency units, and to verify the transfer of assets. Cryptography itself describes the process by which codes are written or generated to allow information to be kept secret.
    27 Aug 2018
    Blockchain Fairer and just societies using blockchain
    Although blockchain technologies are mostly associated with Bitcoin and the current ICO craze going on right now, another less mentioned feature that blockchains enable are the use of smart contracts for computation. Not many people are aware of the possibilities that come from smart contracts and such technology will revolutionize the way the Internet works and perhaps how our societies function.
    27 Sep 2017
    Intelligent Business Preparing your business for the GDPR
    On 25 may 2018 the European Union's new data protection law comes into effect, it will govern all businesses operating within the union and embed a more consistent approach to data protection.
    20 Sep 2017
    Digital Currency Will our government issue a digital currency?
    Blockchain.com CEO and founder Peter Smith has recently stated that within 24 months we will see the emergence of a government-backed digital currency.
    09 Sep 2017
    Blockchain technology Moving forward
    Exploiting the full potential of Blockchain requires a solid technology infrastructure, along with the necessary skills to set it up, maintain and operate it.
    10 May 2017
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