Acumum – Legal & Advisory Acumum – Legal & Advisory
  • Home
  • Expertise
    • Advisory
    • Aviation
    • Corporate
      • Project Finance | M&A
    • Energy
    • Citizenship & Residency
      • Citizenship Programmes
        • Saint Lucia
        • Saint Kitts and Nevis
        • Antigua and Barbuda
        • Dominica
        • Grenada
      • Malta Start-Up Residence Programme
    • Maritime & Yachting
    • Pharmaceutical, Bio-Tech and Medical Cannabis
    • Wealth and Estate
  • About Us
    • Fees
    • Recruitment
    • Royal Commonwealth Society – Malta Branch
      • CHOGM 2015
  • Acumum Chambers
  • Our People
  • Locations
    • Malta
    • UK
    • Ireland
  • News
  • Library
  • Contact Us
Acumum – Legal & Advisory

Acumum Legal & Advisory

20Jul

Acumum – Legal & Advisory attended the 2022 Superyacht Symposium in Malta

20 July 2022 Acumum Legal & Advisory Malta, Maritime & Yachting, News 165

July 2022. Acumum – Legal & Advisory attended the Superyacht Symposium in Malta – a first event of its kind, hosted by the Malta Chamber of Commerce and the Malta Maritime Lawyers Association, of which Acumum is a member.

The symposium was held over two days and featured important discussion topics such as: Malta as a yacht refit center, yacht marina facilities, Malta as a destination for superyachts, the interests of seafarers (including training) and regulatory issues surrounding superyachts.  Hon. Dr Aaron Farrugia, Minister of Transport, Infrastructure and Capital Projects and the Registrar General for Shipping, Mr Ivan Sammut attended, alongside ley speakers and panel moderators, from different areas in the industry so as to hold a wide-spectrum discussion on various matters of interest to stakeholders and their clients alike.

The aim of the symposium was to chart the future of the superyacht industry in Malta and the Minister announced the first National Superyacht Policy in his opening address. Indeed, the highly active discussions across all sessions indicated that this is very much an in demand initiative and will continue to ensure that Malta provides quality services to the superyacht industry.

The symposium acknowledged that the superyacht industry in Malta has continued to register growth, reflecting the success of the Maltese flag.  The symposium identified a number of key strengths which can continue to be developed as the industry evolves.  The Malta Ship Registry declared itself committed to continue to work hard with partners and stakeholders to take the superyacht industry to the next level.  Industry stakeholders, including owners of shipyards, yacht builders, marine surveyors, accountants and auditors, tax advisors and lawyers were present to share ideas as to the full spectrum of services which is offered across Malta.

The Maltese flag for yachts provides a number of benefits: the strong reputation it enjoys as well as the robust legal framework and  the ability for a foreign owner to register a Malta flag are just some of these incentives.  Malta’s Commercial Yacht Code has long provided guidance to those superyachts wishing to engage in charter; for even larger yachts carrying more than 12 passengers, the recently published Passenger Yacht Code also continues to give further guidance, while ensuring the safety of those vessels carrying larger numbers of passengers, in compliance with international conventions.  It was also suggested that guidelines for privately owned superyachts be issued, which would ensure speedier registration processes and the high quality of yachts registered in Malta.

Dr Geraldine Spiteri Director and Advocate – Acumum Legal & Advisory

Acumum Legal & Advisory’s Marine & Aviation team was present and participated in the discussions surrounding areas of interest to its maritime clients.  The team is headed up by Dr Geraldine Spiteri, whose main practice areas are maritime and yachting, aviation and transport and corporate law.   Dr Spiteri has worked in the yachting industry for over ten years, brings with her a range of experience and contacts that enables Acumum to ensure an all-round service to yacht-owning clients.

Dr. Geraldine Spiteri.    I     Head of Marine & Aviation.

[email protected]    +366 2778 1700 ext 403

Read more
18May

Acumum Director receives Excellence Award, Maritime & Aviation, at the Women’s Economic Forum

18 May 2022 Acumum Legal & Advisory Malta, News 162

Last night, Dr Geraldine Spiteri, director and advocate at leading Maltese specialists Acumum – Legal & Advisory received an award for Exceptional Women of Excellence in Maritime Law & Aviation, during a ceremony held at the Women’s Economic Forum networking event at the Valletta Waterfront,  Malta.     The 18th May, is ‘International Women in Maritime Day’, a day when the global maritime industry celebrates the encouragement of women to work in the maritime industry.

The event was organised as part of a series of networking events for the Women’s Economic Forum (WEF), that is a part of the Women’s Indian Chamber of Commerce International (WICCI), Malta Branch – a business and industry that boosts and builds women’s entrepreneurship and businesses through greater engagement with government, institutions, global trade and networks.  WICCI includes various free platforms, including the All Ladies League (ALL), and the SheEconomy.  The group hosted leading women across the world working in high profile industries and established the new headquarters of WICCI Malta.

Dr Geraldine Spiteri Director and Advocate – Acumum Legal & Advisory

During her speech to express her thanks for this recognition, Dr Spiteri mentioned the ever-increasing role that women in maritime contribute to the maritime industry.  Dr Spiteri promised to work within the industry to continue to promote the role of women in high positions in the maritime world.  “I believe that women can also play an important role in the maritime economy and Malta is very well placed to put this matter on the agenda for continued developments in the maritime industry,” she said in her speech. “Together, this is something we can work on across our industries to be able to promote accessibility of these roles to women all over the world.”  Dr Spiteri has also headed up a number of initiatives and spoken at key events, including a Women in Maritime held at the IMO International Maritime Institute on the empowerment of women in the maritime industry in 2019. 

Dr Geraldine Spiteri celebrating the wining of her Women Economic Forum award

Within Acumum, Dr Spiteri heads up the Marine & Aviation team, which services clients wishing to register their yachts and aircraft, as well as those wishing to set up the ownership and operation of these assets within a corporate structure.   Dr Spiteri is a Maltese advocate and lectures in maritime and aviation law.  

Acumum Legal & Advisory is a fullservice boutique firm, providing a range of services including those relating to the registration and management of ships, yachts and aircraft.  

To contact Dr Spiteri or to find out more about Acumum and its services call +356 2778 1700, email [email protected] or visit the company’s website at www.acumum.com.

Read more
12May

Acumum director to host global business and community forum

12 May 2022 Acumum Legal & Advisory Malta, News 153

Dr Geraldine Spiteri, director and advocate at leading Maltese legal and advisory specialists Acumum – Legal & Advisory, is hosting a chamber on maritime, transport and logistics at the upcoming Women Economic Forum summit taking place in Malta between 16 and 18 May 2022.

The event commences with a one-day meeting hosting G100 event on Monday 16th May, followed by the Women Economic Forum (WEF) conference, which is a series of discussion chambers as well as  networking events on Tuesday 17th May and Wednesday 18th May.  While G100 is a group of 100 female economic leaders around the world, WEF conducts global summits , offering a compelling platform for women to be increasingly involved in the business world, inspired by some of the world’s most successful entrepreneurs, authors, thought leaders and celebrities.

The event will host women in leading roles – as well as male counterparts – from around the world, as well as Malta.  On the agenda will be inclusion, public health, the arts, culture and language, sustainable energy, business and economic development, maritime affairs, logistics and environmental affairs.

Dr Geraldine Spiteri Director and Advocate (Malta) – Acumum Legal & Advisory

Dr Geraldine Spiteri, who specialises in maritime, aviation and corporate law, will be hosting a chamber within the WEF forum covering maritime affairs, blue economy, aviation, transport and logistics.  These are matters that are of key interest to Malta in general, with Malta being a maritime hub and transport being a sector that has received major focus in recent years.  The classification of the Maltese shipping register as the sixth largest maritime registry worldwide, and Europe’s largest and the increase in the number of aircraft registered under the Malta aircraft register are ample proof of the commitment by the Malta Government to increase these sectors.

‘Receiving an invitation to play a leading role in a global event of this scale, focused on these themes, is important both professionally and on a wider scale, is indeed an honour,’ Geraldine comments. ‘I’m looking forward to meeting passionate people, sharing views and taking part in interesting discussions and also widening my network of contacts in the industries that the chamber I will be hosting is tackling  Acumum has always been an inclusive company and supporter of empowering women – encouraging and embedding the advancement of female entrepreneurship in Malta and globally is a cause we’re always pleased to support.’

While the G100 summit is only open to members of that group, the WEF Summit is open to a wider network and includes the chamber hosted by Dr Spiteri.  Registration to the WEF Summit is open to all interested parties – male and female – from all over the world.

Acumum Legal & Advisory is a full-service law firm with services including aviation, corporate formation, accounting, estate and wealth planning, taxation, maritime and yachts, energy, intellectual property, to name a few.

To contact Dr Spiteri or to find out more about Acumum and its services call +356 2778 1700, email [email protected] or visit the company’s website at www.acumum.com.

Read more
22Dec

Look beyond your horizons: Acumum Advisory on Malta’s specialised maritime and yachting services

22 December 2021 Acumum Legal & Advisory Malta, News, UK 156

Why Malta?

Situated strategically at the Mediterranean’s heart, the island of Malta is naturally positioned and ideally suited as a homeport for yachts.  Malta’s strong maritime tradition has meant that its legal framework is well-geared towards ensuring that international requirements are met, which affords a yacht easy entry into ports around the world.  The island has firmly established a deserved reputation for being an internationally compliant, well-run and forward-thinking jurisdiction in this area. 

A Maltese yacht may be registered in the name of a company irrespective of place of incorporation, or by European Union citizens and by European Free Trade Area Nationals. The costs of company formation, ship registration and the tonnage tax are comparatively low and some of the incentives may be extended to smaller ships.  

The Maltese legal system places no restrictions on the nationality of owners and crew, or on the sale of shares in a company that owns the yacht. Neither is there any restriction on the sale and, or mortgages of yachts.  Ships and yachts can be registered while still under construction and the registration of mortgages and bareboat chartering is possible. There are no trading restrictions on Maltese flagged vessels: indeed, vessels under the Malta flag receive preferential treatment in certain ports.

The ownership of a yacht might present itself as a challenging prospect and customers want to enjoy these without the added burdens of administering them, which might seem complex.  These challenges that can be faced with confidence when supported by expert services.   

Acumum – An Advantage!

Based in Malta, London and the Republic of Ireland, and serving a wide range of private and corporate clients, Acumum Advisory is an established provider of maritime and yachting advisory services. These complement a wider portfolio of others including advisory, corporate, energy, immigration and wealth planning. 

‘We fully appreciate the apparent challenges that can be associated with owning and operating yachts in different jurisdictions,’ says Dr Geraldine Spiteri, who manages the Marine and Yachting services at Acumum. ‘Registering a brand-new yacht, or changing flags, or even managing the yacht’s needs might seem so difficult as to discourage; but this doesn’t have to be so.’  This applies whether the yacht is used for personal and family enjoyment or chartered commercially, or both.  

‘Our team works closely with Maltese government officials and agencies, maritime service providers, tax specialists and financial advisors to offer a range of advantageous maritime and yachting solutions for clients,’ she elaborates. ‘These include vessel ownership, registration, transactions, leasing, finance and tax arrangements. These services are tailored to the client’s needs.’ 

‘When dealing with maritime and yachting sector clients or those with other interests, Acumum’s approach and commitment are always the same,’ Dr Spiteri confirms. ‘Undoubtedly, Acumum Advisory can tailor the nature and extent of the services provided to the customer’s profile, which can be established on a case-by-case basis.’  

The service offering can range from a one-off transaction to ongoing support, offering a proper base for the operation of the yacht.  Some of the salient services relating to yachting are:

  • Initial registration of the yacht, or transfer from a foreign flag to the Maltese flag
  • Commercially operating structures for both new-builds and existing yachts
  • Company and yacht administration services
  • Procurement of relating services (e.g. tax advisory, accounts, payroll, maritime services) and thus acting as a one-stop shop in Malta for the yacht and her owner.
  • Emergency line for crew and captains.
  • Other ancillary services depending on the requirements of the yacht.

For more information on Acumum’s yachting and maritime services or others call +356 2778 1700, email [email protected] or visit the company’s website at www.acumum.com/services/maritime-yachting.

Read more
30Nov

Geraldine Noel won the Best Business Woman Award

30 November 2021 Acumum Legal & Advisory News, UK 113

Acumum Advisory’s Geraldine Noel had more than one reason for proud celebration at the recently held Malta Best Business Woman Awards. Judges recognised the barrister and managing partner’s accomplishments with two accolades for excellence and outstanding achievement. 

Malta’s Best Business Woman Awards are a prestigious recognition, endorsement and celebration of women in business, presented annually to those who have successfully launched and grown their own organisations. The ceremony, run by local organisers Dynamic Events, took place in glittering fashion on 26 November 2021 at the InterContinental Malta.

Among the nine awards given out were two handed to Malta-based businesswoman and qualified barrister Geraldine Noel. 

‘I would have been flattered and delighted to receive one award,’ admits Ms Noel, who first established international advisory company Acumum in 2012. ‘It’s hard to express just how proud I feel about winning two. While I may have received individual recognition, however, it’s the Acumum team that are the real stars of our business. Their committed professionalism and dedication to client satisfaction are the foundation upon which we all shine.’

The awards received were for ‘Best Businesswoman in Legal Services’, given in recognition of professional excellence and exceptional client service, and ‘Best Contribution in Business Service’, which recognises outstanding efforts made by a company in support of other businesses. 

Organisers noted that during recent times, which have been a challenge for businesses of all shapes and sizes, it remained especially important to recognise those that are, and have been doing, incredible things. 

‘Most companies have experienced challenging times lately,’ comments Ms Noel, who has been included on the prestigious Citywealth Power Woman Top 200 list between 2013 and 2020, ‘as the global pandemic has effected established working approaches, patterns and certainties. Yet along with so many others, Acumum has learned, adapted and kept moving forward. Being part of this award process, attending the ceremony and, ultimately, winning the recognition, underscores a sense that we are all going in the right direction.’

Read more
07Oct

Getting down to business: Acumum Advisory ready to help

7 October 2021 Acumum Legal & Advisory Malta, News, UK 131

Acumum Advisory is looking forward to getting down to business at AFSIC – Investing in Africa. And to helping businesses succeed as we move from global uncertainty to exciting opportunity.

As much of the world edges back towards more normal rhythms of life and work, global businesses are rightly moving their attention from short-term fixes to long-term challenges and opportunities.

For some, it will prove a daunting shift.

The need for precise focus on essential innovation, performance and delivery has never been more important. Success or otherwise may well depend both on what you know and who you know to help you do it.
The need to find a trusted, expert advisory and support partner to help unlock business potential has never more essential.

Acumum Advisory, which is attending AFSIC – Investing in Africa between 11-12 October 2021, fully understands this. Director and managing partner Geraldine Noel has dedicated much of an award-winning career building a proven track record to underline it.

‘Even in the best of times, we know that business is never straight forward, never a certainty,’ she verifies. ‘Company owners, partners and managers must keep attention firmly on achieving strategic goals, and less time concerned about structural, functional and admin matters. Especially when there are companies like Acumum specialising in doing these latter things on their behalf.

‘Our message is clear: you get down to business – we take care of the detail.’

Geraldine, who is a qualified barrister and member of the International Bar Association, cites corporate and tax structuring as an example.

‘Establishing firm legal and financial foundations is an essential factor in business success,’ she expands, ‘requiring specialist knowledge and expertise to achieve. With presence and experience in Malta, Ireland and the UK, Acumum can advise on, set-up and administer corporate structures best suited to individual business needs and optimised taxation arrangements for company or ownership profile.’

The forthcoming AFSIC event, which takes place in London, is seen as an ideal opportunity for Acumum to engage with and discuss requirements with present and future clients. And especially interesting given global trends are those operating in the energy and telecom sectors.

‘There’s an amazing level of innovation taking place,’ confirms Geraldine, ‘driven by exploding consumer demand, technological advances and new business paradigms. As we emerge from global uncertainty, these are certainly going to be such exciting times.

Acumum is helping push the boundaries, advising and supporting companies both new to the market and well-established players. Its specialist intellectual property services can make a critical difference, as an example, helping advise on and create the deserved protections demanded by far-reaching, fast-moving, blurred-border environments.

‘Intellectual property sits alongside and compliments Acumum’s portfolio of other services,’ Geraldine concludes, ‘including commercial advice, licensing, immigration, wealth and estate planning. For any business requiring advisory and support, it’s a comprehensive package.’

Geraldine would be pleased to discuss her views and thoughts further, or any of the services offered by Acumum, whether at the forthcoming AFSIC event in London or on any other suitable occasion. Call +356 2778 1700, email [email protected] or visit the company’s website at www.acumum.com.

Read more
16Apr

Brexit – Malta – Rules for British Persons

16 April 2019 Acumum Legal & Advisory Malta, News, UK 108

Why Malta?
The Republic of Malta, a former colony of Great Britain until 1964 has since maintained a special relationship with the UK.

Added to which, as the only one of two European Commonwealth members, Malta’s relationship with the UK, is based on mutual cultural, legal, and economic understanding.

Accordingly, Legal Notice No. 63 of 2019 (“Legal Notice”) goes some way to protecting British persons resident in Malta before the Brexit withdrawal date – whenever that may be.

Who is included?
The Legal Notice sets out persons to whom these provisions will apply: “British Citizen” means a person who holds British Nationality under the British Nationality Act excluding those holding the following British nationality status:

  1. British nationals (Overseas),
  2. British overseas territories citizens (BOTC),
  3. British overseas citizens (BOC),
  4. British protected persons (BPP),
  5. British subjects (BS)

As well as a British citizen who holds a valid certificate under the Residents Scheme Regulations, if such person within 2 years from UK’s withdrawal date, exchanges their status to the residency status under the Legal Notice.

Family Members?
The provisions of the Legal Notice will apply to established family members of British persons, even if that family member is not residing in Malta as of the withdrawal date. The above rules apply to children adopted or born after the withdrawal date to the British person.

In cases where the British person has died, or divorced or separated, the family member may still have the right to reside in Malta if they have the right to reside under the Free Movement of European Union Nationals and their Family Members Order.

Length of Residency Permit
10 years, renewable subject to the person continuing to meet the requirements set out in the Legal Notice.

Application Process

Applications are to be submitted to the CEO of Identity Malta. The CEO of Identity Malta shall refer all applications to the Principal Immigration Officer to ensure the application is not against the public interest.

Until approval of the application under this Legal Notice, the British person’s (and residing family members’) previous residency rights shall continue to subsist.

Benefits & Related Rights
Except for regulated professions, all rights held by the persons shall continue, prior to Brexit with access to:

  • Healthcare – if a worker or student
  • Healthcare entitlements – if covered by the S1 scheme (formerly residual E106),
  • Healthcare entitlements if self employed
  • Access to education – except that grants or loans may only be given to persons who have resided in Malta for at least 5 years prior to the withdrawal date.

Equal treatment on par with a Maltese citizen as to :

  • Recognition of educational qualifications – provided that an application is submitted prior to the withdrawal date to recognise diplomas, certificates and professional qualifications in accordance with Maltese legislation
  • Access to goods and services
  • Social benefits, provided that the person does not become a burden on the Maltese social assistance programme.

British nationals will also be able to exchange their UK driving license for a Maltese license without having to take the test.

Loss of Rights
The rights granted to British persons (and appropriate family members) will be lost if the beneficiary is absent from Malta for a continuous period of 2 years, not including:

  • Temporary absences of 6 months in a year
  • Absences due to compulsory military service
  • One absence of a maximum of 12 consecutive months due to important reasons such as pregnancy, serious illness, study or vocational training or a work positing outside of Malta
  • It is contrary to the public interest or public security
  • After the withdrawal date the beneficiary is found guilty of an offence and subject to imprisonment of 1 year or more, whether in Malta or abroad
  • Does not have sufficient funds, equivalent to the national minimum wage, to support themselves, or becomes a burden on the Maltese social assistance system
  • No application for the Brexit Permit is received within 2 years of the withdrawal date
  • Concealment of any material fact, by way of fraud, false representation
  • Beneficiary is spouse or partner who is a 3rd country national, whom after the withdrawal date divorces or separates from the British citizen within 3 years of the marriage or registration of the partnership
  • A de-facto partner of a British citizen, whose relationship no longer exists.

Refusals & Appeals
Refusals by the Maltese Government should be supplied with reasons, in writing, for the basis of the decision, unless this is contrary to public security. An appeal can be submitted to the Immigration Appeals Board, on the basis and within the time period notified to the British national.

Next Steps
British nationals resident in Malta prior to the Brexit withdrawal date are urged to regularise their position.

  • Older persons and persons not deemed a worker or student on holding an S1 scheme permit should make inquiries as to an appropriate health insurance
  • Persons in ‘regulated professions’ such as lawyers, doctors, nurses, social workers, pharmacists, vets are urged to contact their regulating profession in Malta in order to ascertain their work / license status. You can find out whether you are part of a regulated profession here: http://ec.europa.eu/growth/tools-databases/regprof/index.cfm

You are urged to submit their qualifications to the Malta Qualifications Recognition Information Centre prior to Brexit.

Read more
16Apr

Brexit – Malta – Rules for British Persons

16 April 2019 Acumum Legal & Advisory News 27

Why Malta? 

The Republic of Malta, a former colony of Great Britain until 1964 has since maintained a special relationship with the UK.

Added to which, as the only one of two European Commonwealth members, Malta’s relationship with the UK, is based on mutual cultural, legal, and economic understanding.

Accordingly, Legal Notice No. 63 of 2019 (“Legal Notice”) goes some way to protecting British persons resident in Malta before the Brexit withdrawal date – whenever that may be.

Who is included?

The Legal Notice sets out persons to whom these provisions will apply: “British Citizen” means a person who holds British Nationality under the British Nationality Act excluding those holding the following British nationality status:

  1. British nationals (Overseas),
  2. British overseas territories citizens (BOTC),
  3. British overseas citizens (BOC),
  4. British protected persons (BPP),
  5. British subjects (BS)

As well as a British citizen who holds a valid certificate under the Residents Scheme Regulations, if  such person within 2 years from UK’s  withdrawal date, exchanges their status to the residency status under the Legal Notice.

Family Members?

The provisions of the Legal Notice will apply to established family members of British persons, even if that family member is not residing in Malta as of the withdrawal date. The above rules apply to children adopted or born after the withdrawal date to the British person.

In cases where the British person has died, or divorced or separated, the family member may still have the right to reside in Malta if they have the right to reside under the Free Movement of European Union Nationals and their Family Members Order.

Length of Residency Permit

10 years, renewable subject to the person continuing to meet the requirements set out in the Legal Notice.

Application Process

Applications are to be submitted to the CEO of Identity Malta. The CEO of Identity Malta shall refer all applications to the Principal Immigration Officer to ensure the application is not against the public interest.

Until approval of the application under this Legal Notice, the British person’s (and residing family members’) previous residency rights shall continue to subsist.

Benefits & Related Rights

Except for regulated professions, all rights held by the persons shall continue, prior to Brexit with access to:

  • Healthcare – if a worker or student
  • Healthcare entitlements – if covered by the S1 scheme (formerly residual E106),
  • Healthcare entitlements if self employed
  • Access to education – except that grants or loans may only be given to persons who have resided in Malta for at least 5 years prior to the withdrawal date.

Equal treatment on par with a Maltese citizen as to :

  • Recognition of educational qualifications – provided that an application is submitted prior to the withdrawal date to recognise diplomas, certificates and professional qualifications in accordance with Maltese legislation
  • Access to goods and services
  • Social benefits, provided that the person does not become a burden on the Maltese social assistance programme.

British nationals will also be able to exchange their UK driving license for a Maltese license without having to take the test.

Loss of Rights

The rights granted to British persons (and appropriate family members) will be lost if the beneficiary is absent from Malta for a continuous period of 2 years, not including:

  • Temporary absences of 6 months in a year
  • Absences due to compulsory military service
  • One absence of a maximum of 12 consecutive months due to important reasons such as pregnancy, serious illness, study or vocational training or a work positing outside of Malta
  • It is contrary to the public interest or public security
  • After the withdrawal date the beneficiary is found guilty of an offence and subject to imprisonment of 1 year or more, whether in Malta or abroad
  • Does not have sufficient funds, equivalent to the national minimum wage, to support themselves, or becomes a burden on the Maltese social assistance system
  • No application for the Brexit Permit is received within 2 years of the withdrawal date
  • Concealment of any material fact, by way of fraud, false representation
  • Beneficiary is spouse or partner who is a 3rd country national, whom after the withdrawal date divorces or separates from the British citizen within 3 years of the marriage or registration of the partnership
  • A de-facto partner of a British citizen, whose relationship no longer exists.

Refusals & Appeals

Refusals by the Maltese Government should be supplied with reasons, in writing, for the basis of the decision, unless this is contrary to public security.  An appeal can be submitted to the Immigration Appeals Board, on the basis and within the time period notified to the British national.

Next Steps

British nationals resident in Malta prior to the Brexit withdrawal date are urged to regularise their position.

  • Older persons and persons not deemed a worker or student on holding an S1 scheme permit should make inquiries as to an appropriate health insurance
  • Persons in ‘regulated professions’ such as lawyers, doctors, nurses, social workers, pharmacists, vets are urged to contact their regulating profession in Malta in order to ascertain their work / license status. You can find out whether you are part of a regulated profession here: http://ec.europa.eu/growth/tools-databases/regprof/index.cfm .

You are urged to submit their qualifications to the Malta Qualifications Recognition Information Centre prior to Brexit.

 

 

 

Read more
13Apr

Key Employee Initiative

13 April 2019 Acumum Legal & Advisory News 110

The Key Employee Initiative (KEI) has been introduced in Malta, providing a new, efficient programme for third country nationals / non – EU nationals (TCN) seeking employment and residence in Malta.Key Employee Initiative

The Key Employee Initiative aims to facilitate and to provide a fast track application process to highly-specialised third-country nationals who seek employment in Malta; applications will be approved within five working days from the date of submission of the application.

Eligibility
An individual may apply for a work/residence permit under the scheme if the employment position concerns a managerial or a highly-technical post which requires specific qualifications or adequate experience.

This scheme is also open to innovators who are involved in start-up projects which are specifically approved by Malta Enterprise.

Individuals applying under the KEI must:

  1. Have an annual gross salary of at least € 30,000; and
  2. Provide certified copies of the relevant qualifications, warrants or the necessary work experience;
  3. Provide a declaration by the employer stating that they have the necessary credentials to perform the duties which they have been assigned.

Validity
Once the application is validated and approved, the applicant will be issued with a residence permit which is valid for 1 year. The permit may then be renewed for a maximum period of 3 years, subject to the submission of the documentation requested by Identity Malta, namely:

  1. A definite or an indefinite contract of employment, and
  2. The original annual tax declaration form stamped by the Inland Revenue Department.

Government Fee
The Government of Malta’s fee for the submission of the application is €280.50, to be paid at the time of submission.

Time-frame
Permits are issued within five working days from the date of submission of the application. The applicant does not need to be physically present to submit the application, therefore the applicant would not need to travel to Malta to submit the application.

Documents Required

  1. Application for a residence permit on the basis of employment – the form must be endorsed by the employer with an official stamp and signature of the responsible official;
  2. Identity Registration Form – Non-Maltese Nationals along with the application fee of €280.50;
  3. Full copy of passport;
  4. Declaration by the employer stating that the applicant has the necessary credentials to perform the duties being assigned;
  5. Draft work contract showing an annual gross salary of €30,000;
  6. Curriculum Vitae of the applicant;
  7. Certified copies of the relevant qualifications, warrants or reference letters;
  8. Full health-insurance policy, showing all aspects being covered, which supports the applicant in the eventuality of requiring any type of medical assistance or hospitalisation during the first year of stay in Malta;
  9. Lease agreement or purchase agreement of property.
  10. Depending on type of job, a relevant health screening approval from the Health Promotion and Disease Prevention Directorate.

How can we help?
Acumum can advise and assist third country nationals with the application process under the Key Employee Initiative. Applications for the Key Employee Initiative are required to be made to and processed by Identity Malta by an Authorised Registered Mandatory.

Acumum is an Authorised Registered Mandatory for all Malta Citizenship and Malta Residency programmes.

Kindly contact us on [email protected] for more information.

Read more
02Apr

Acumum Wins: Best in Corporate Financial Law Services 2017

2 April 2019 Acumum Legal & Advisory News 98

Acumum is pleased to have been awarded Best in Corporate Financial Law 2017 by Corporate Livewire. Corporate Livewire Finance Award is the leading global awards program celebrating growth and strong performance in the finance industry.

Via an extensive judging process, the awards recognise individuals, teams and businesses that have demonstrated excellence over the last 12 months. This awards programme champions the success of industry leaders across the entire finance sector, with specialised category awards recognising achievements in Financial Services, Tax and Accountancy.

Over the past calendar year we have invited over 100,000 professionals working across the various corporate industries, the general public and our subscriber base to nominate associations, companies & individuals based on their achievements and strengths. Additionally Corporate Livewire’s extensive research team has put forward a selection of individuals who have excelled within their sector.

This year saw an unprecedented number of nominations, providing strong competition in every category and the judging panel had the unenviable task of selecting those firms & professionals most worthy of an award.

All winners of the 2017 Corporate LiveWire Awards are subject to the same rigorous assessment criteria, carried out by our experienced in-house professionals. This ensures that only the most deserving teams, practices and individuals walk away with one of these prestigious accolades. Award winners will gain a place in our soon-to-be published awards winners’ guide, which will be distributed to over 500,000 businesses and professionals around the world.

Corporate LiveWire Awards

Read more
    123…7

Acumum Office Address

260 St Albert Street
Gzira, GZR 1150
Malta (EU)

Terms of Use
Privacy Policy

T: +356 2778 1700
E: [email protected]

Copyright © 2022 Acumum