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

brexit

Home / News / brexit
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
27Jun

BREXIT – the EU Passport Opportunity for Malta

27 June 2016 Acumum Legal & Advisory News 20

BREXIT – Britain’s momentous decision to leave the European Union has put into question what rights will British nationals and companies located in Britain have in relation to the European market? In particular, there is doubt whether the passporting rights pursuant to European directives will continue to apply.

Following Brexit, Malta offers a number of advantages to individuals and companies looking for a secure and stable entry point into the European market.

Malta, a full EU member, has transposed all applicable EU directives into its domestic law, particularly in relation to the financial services sector, covering such areas as Funds, Investment Services, Pensions etc.

Added to which, Malta’s long term, special relationship with the UK, provides UK located individuals and businesses comfort in the face of the forthcoming Brexit changes.BREXIT - Malta's Opportunity

Why Malta?

  • Full EU member
  • Malta’s long standing special relationship with England – the Maltese and British Governments are currently in talks to discuss bilateral arrangements
  • English is an official language
  • Malta’s corporate and commercial laws are based on English law and EU directives
  • EU and OECD recognised and compliant jurisdiction
  • EU financial services directives fully implemented
  • Tax and fiscal advantages – 5% effective corporate tax rate, reduced from 35% after application of tax refunds
  • Currency – Euro
  • Single, accessible regulator – Malta Financial Services Authority
  • Certain financial services sectors, such as funds, can achieve 0% tax on income and distribution
  • Highly Qualified Persons Programme – 15% income tax cap on certain employees within financial services sector
  • Multilingual, knowledgeable workforce
  • Excellent communications infrastructure

What is ‘Passporting’?

Passporting is the exercise of the right (known as a single market passport, or single licence), available to a firm authorised under one of the EU single market directives to carry on activities in another EEA member state, on the basis of its home state authorisation. The activities can be conducted through a branch in the host member state (the right of establishment) or on a cross-border services basis without using an establishment in the host state (a services passport).

Single market directives
The single market directives are currently:

  • The Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD)
  • The CRD IV Directive (2013/36/EU), which repealed and recast the Banking Consolidation Directive (2006/48/EC) (BCD)
  • The Insurance Mediation Directive (2002/92/EC) (IMD)
  • The Markets in Financial Instruments Directive (2004/39/EC) (MiFID).
  • Mortgage Credit Directive (2014/17/EU) (MCD)
  • The Solvency II Directive (2009/138/EC), which repealed and recast the First Non-life Insurance Directive (73/239/EEC), Second Non-life Insurance Directive (88/357/EEC), Third Non-life Insurance Directive (92/49/EEC), Life Assurance Consolidation Directive (2002/83/EC) and the Reinsurance Directive (2005/68/EC)
  • The UCITS IV Directive (2009/65/EC), which repealed and recast the original UCITS Directive (85/611/EEC)

Which types of firms does Passporting apply to?

  • Alternative investment fund managers (AIFMs) under the AIFMD
  • Credit institutions (that is, banks and building societies) under the CRD IV Directive, as well as unauthorised subsidiaries of credit institutions (referred to in the CRD IV Directive as financial institutions) that fulfil certain criteria
  • Insurance undertakings and reinsurance undertakings under the Solvency II Directive
  • Insurance intermediaries under the IMD
  • Investment firms under MiFID
  • Management companies under the UCITS IV Directive.
  • Mortgage intermediaries under the MCD

More Information:

Financial Services, Insurance, Funds, Malta Trading Companies & Holding Companies, Highly Qualified Persons Programme

Malta Citizenship & Residency

About Acumum – Legal & Advisory

Acumum Legal & Advisory is a well-established set of multidisciplinary legal, tax and accounting firms located and managed in the tax efficient EU jurisdiction of Malta. It operates as a full service law firm with services including aviation, corporate formation, accounting, estate & wealth planning, taxation, intellectual property and more. The firm is overseen by Geraldine Noel, a British barrister – registered in Malta, working alongside an expert team of lawyers and accountants with extensive specialist commercial and private client expertise, particularly to an individual, corporate and family office clientèle.

Read more

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