How are global geopolitical events affecting mobility in your jurisdiction? Over the past few years, global political and economic developments have taken centre stage. Going back to COVID-19, passing through the war in Ukraine right up to the Middle East crisis, and ending with the tackling of climate change and inflation, one can say that […]
Dunstan exudes calm, dignity and tranquillity – even amid the hustle and bustle of a city hotel. When I first meet Dunstan in a hotel lobby in Malta, he’s having a power nap. All around, people are milling about in groups, checking in, checking out, queuing for taxis and the like. Meanwhile, Dunstan’s eyes are […]
Meet The Members Europe – Doing business in Malta: understanding tax and infrastructure
Malta – a brief background Strategically located in the Mediterranean Sea between Sicily and Tunisia, Malta is arguably at the centre of the world. When you look at the flat map of the globe, the very first thing that catches your eye is the Mediterranean Sea in the middle of the map, and right at […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
IR Global Member Meeting – Dunstan Magro meets Lakhsha Ragoonundun
Dunstan Magro of WDM International recently met Lakhsha Ragoonundun of Premier Financial Services Limited at his office in Malta. Dunstan is IR Global’s exclusive Fiduciary Services member in Malta, whilst Lakhsha is IR Global’s exclusive Company Formations member in Mauritius. Dunstan had the following to in regards to the meeting: “Last week I had a meeting at […]
Although Malta is the smallest state in the European Union, it has been putting itself at the forefront as a centre of excellence for financial services, digital gaming, IT and blockchain services, and more recently medical cannabis. The Maltese Government is commited in promoting and supporting the field of research and production of medicinal cannabis. […]
Six steps towards a concrete KYC procedure Dunstan Magro, managing partner of WDM International outlines the steps needed to ensure a concrete KYC procedure that can benefit both parties. Know Your Customer, or KYC is a standard client due diligence process usually performed by persons who want to engage in business transactions with potential or […]
Company Formations: A jurisdictional guide to setting up a business
QUESTION ONE – What are the most common structures used when international clients want to form a company in your jurisdiction? Any examples? Maltese law provides for the formation of a number of structures, the most common of which comprise the following: Limited Liability Companies The limited liability company is by far the most commonly […]
WDM International attending InvestPro UAE Conference in Dubai
WDM International, represented by Dr. Jonathan De Giovanni, Partner at WDM International, together with Mr. Jan Navarro, Compliance and Business Development Executive at WDM International, shall be attending the IV Annual International B2B Conference – InvestPro UAE Dubai 2017. This invaluable event shall be dedicated to finding practical solutions for professionals in the sphere of finance, corporate business, […]
On the 9th of October, the Minister of Finance, Professor Edward Scicluna, presented the Budget for 2018. A number of measures were announced by the Minister for Finance in the budget speech for 2018, which include: an increase in the exemption from tax on pension income; a stamp duty exemption which has been extended to […]
With a view of incentivising individuals to invest in private pension and to encourage the provision of adequate revenues during retirement, the Minister for Finance, Prof. Edward Scicluna recently launched the Third Pillar Pension Scheme, referred to as the Personal Retirement Scheme. This scheme is supplemented by another scheme, namely the Individual Savings Account. Both […]
The Maltese Government has introduced a new residency scheme in July 2013, with the main aim of attracting wealthy individuals seeking to obtain residence in Malta. To this end the programme is termed the Global Residence Programme (GRP). The scheme is particularly appealing to non-EU nationals who sought to obtain residence in Malta under the […]
