Will EU student visa status change following Brexit?

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No immediate change’ to EU student visa policy after Brexit

Universities Minister, Jo Johnson has made a statement about the status of international students in the UK from the EU following Brexit.

Malta is already, Brexit or NO Brexit, a great alternative for English Courses and Higher Education and MBA courses as well, and without any Visa for the EU student

Moreover for a EU students, the advantages, in case of Brexit, will enlarge significantly on Visa, fees and funding size

We have a valid Education offer here in Malta with many English courses and MBA, contact us for any query

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Students from the EU currently studying at UK universities, enrolled on, or about to start, courses in the coming year will see no changes to their funding status, says Jo Johnson, universities minister and brother of Leave campaign leader Boris Johnson.

In the lead up to the referendum, UK universities questioned of the impact that leaving the EU would have on higher education in Britain and shared their particular concern over changes to immigration laws, the implications of changes to EU university grants and the UK’s membership of the Erasmus student mobility programme.

How will Brexit affect higher education and research?

“We understand that there will be questions about how the referendum result affects higher education and research,” said Mr Johnson in a statement this week following Britain’s majority vote to leave the European Union.

“Many of these questions will need to be considered as part of wider discussion about the UK’s future relationship with the EU, but where we can provide further information, we will do so. The UK remains a member of the EU, and we continue to meet our obligations and receive relevant funding.”

Will EU students continue to receive funding in the UK?

As members of the European Union, the UK is obliged to offer the same financial support to EU students studying in the UK as is offered to UK nationals. Mr Johnson confirmed in his statement that EU students, who are eligible under current rules to receive loans and grants from the Student Loans Company, will continue to do so for courses they are currently enrolled on or about to start this coming year.

The Student Loans Company, which administers student loans for UK and qualifying EU students sets out the eligibility criteria in detail.

Mr Johnson went on to explain that the future of student funding arrangements with the EU will be determined as part of the UK’s discussions on its membership.

Will EU student visa status change following Brexit?

Jo Johnson reassured EU students this week that there would be “no immediate change” to the circumstances of either British citizens studying in the EU, or European citizens studying in Britain.

“For students, visitors, businesses and entrepreneurs who are already in the UK or who wish to come here, there will be no immediate change to our visa policies,” Mr Johnson confirmed.

How will the Erasmus programme be affected post-Brexit?

It is still not clear what will happen in the long-term to the Erasmus programme, which offers academic exchange opportunities for students from within the European Union. More than 15,000 students from the UK participated in the programme in 2013-14 demonstrating the global outlook of many of the UK’s domestic students.

“The referendum result does not affect students studying in the EU, beneficiaries of Erasmus+ or those considering applying in 2017,” said Mr Johnson. The UK’s future access to the Erasmus+ programme will be determined as a part of wider discussions with the EU, according to Mr Johnson’s statement.

“More broadly, existing UK students studying in the EU, and those looking to start in the next academic year will continue to be subject to current arrangements,” he said.

“There are obviously big discussions to be had with our European partners, and I look forward to working with the sector to ensure its voice is fully represented and that it continues to go from strength to strength.”

Russell Group highlights value of EU higher education funding

However, Dr Wendy Piatt, Director General of the Russell Group, has not been so optimistic.

“Leaving the European Union creates significant uncertainty for our leading universities,” she said in a statement following the announcement of the referendum result.

However taking a more conciliatory tone, Dr Piatt vowed to work together with the government to secure the best results for students and higher education institutions within the group.

“Throughout the campaign both sides acknowledged the value of EU funding to our universities,” she said, “and we will be seeking assurances from the government that this will be replaced and sustained long term.”

“The UK has not yet left the EU so it is important that our staff and students from other member countries understand that there will be no immediate impact on their status at our universities.”

Dr Piatt believes that the free movement of talent and research networks across the EU have played a crucial role in the success of Russell Group universities and explains that she will be working closely with the government to secure the best deal as negotiations move forward.




Pensions, Pensioners, Brexit and pensions’ passporting throughout Europe

Pensions, Pensioners, Brexit and pensions’ portability throughout Europe




From expatforum

British expats living in European Union countries, especially popular ones such as France and Spain, are still trying to come to terms with how Brexit will affect their finances and living plans.

One big area of concern are pensions and Brexit could be a trigger for more people to move their British pensions out of the UK, according to finance experts.

The issue revolves around whether or not the UK tax authority, HMRC, will continue to recognise Qualifying Recognised Overseas Pension Scheme, or QROPS, which have been popular for expats worried about currency fluctuations.

Brexit will be a trigger for even more people to move their British pensions out of the UK, according to Nigel Green, chief executive of independent financial advisory firm, deVere Group.

‘As the reality of what a Leave result in the EU referendum means for personal finances sinks in, people will now be reassessing their retirement planning strategy. We can fully expect demand for HMRC-recognised overseas pension transfers to be further boosted thanks to the UK’s decision to leave the European Union,’ he said.

‘Due to the huge amount of uncertainty that’s created, more and more people who are eligible to do so, that’s to say expats and those who are considering retiring outside Britain, will be seeking to safeguard their retirement funds by transferring them into a secure, regulated, English speaking jurisdiction outside the UK,’ he added.

The main concern for finances has been the significant fall in the pound following the referendum decision. For those living in the EU and in receipt of a UK pension, a plummeting pound has serious consequences as the cost of living becomes more expensive.

An established way to help mitigate these problems of currency fluctuations, which can seriously erode retirement income, is to transfer a UK pension into a QROPS. However, there have been some questions raised over the legalities of QROPS due to the Brexit decision.

‘QROPS started under EU law, but now there are separate agreements in place between the UK and individual jurisdictions, such as Malta, regarding pensions transfers. This means that when the UK leaves the EU, these agreements will remain intact.

Therefore, the pension funds established in these jurisdictions will still meet the criteria to be recognised as Overseas Pensions Schemes under UK legislation,’ Green pointed out.

‘Considering the wider post-Brexit vote scenario we are facing, we can assume that the wider international financial advisory sector is about to enter a phase of enormous activity and growth,’ he added.

Pensioners are the biggest group of British expats in Europe, and they can use the years they have worked in one member state to qualify for pensions in another. For example, in Germany EU citizens can count years worked elsewhere to meet the minimum requirements for a pension.

MALTAway, Corporate & Assets Governance, World Class, MALTA, Worldwide

We believe that many Corporations and Individuals  seek what we have found , and we want to share , we need only starting to think and act differently … and our contribution 

MALTAway is a web portal driven by an holistic vision to offer integrated services such as Corporate Services, Tax & Legal, Management Consulting, Governance, Investment, Business Advisory,  Relocation, in favor of the Corporations, Business, Finance, HNWIs;

MALTA is the best place to move in, with an Anglo-Saxon Business Culture and Regulatory environment in the middle of the Mediterranean Sea, to prosper, develop and protect the Business and the Assets of a Corporation and HNWIs as well

UK’s woes, Malta’s deligh?

UK’s woes, Malta’s deligh?

Prime Minister Joseph Muscat has stated Malta could become the UK’s gateway to Europe and vice versa, and seize the bountiful opportunities that a Brexit could create for Malta


Corporate & Assets Governance, World Class, MALTA, Worldwide

MALTAway is a web portal driven by an holistic vision to offer integrated services such as Corporate Services, Tax & Legal, Management Consulting, Governance, Investment, Business Advisory,  Relocation, in favor of the Corporations, Business, Finance, HNWIs;

MALTA is the best place to move in, with an Anglo-Saxon Business Culture and Regulatory environment in the middle of the Mediterranean Sea, to prosper, develop and protect the Business and the Assets of a Corporation and HNWIs as well

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The UK’s exit from the European Union could prove to be extremely beneficial for Malta, while Brexit risks costing the City of London billions of pounds, thousands of workers and its spot as the world’s top financial centre.

This possible lost status hinges on one simple process that Malta could take over from the UK: passporting.

Passporting allows British-based financial institutions such as banks, fund managers and insurers to seamlessly sell their services across the 28 EU nations without having to get regulator approval or set up subsidiaries in each member state.

And in the immediate wake of the “leave” vote, the governor of France’s Central Bank fuelled the fears for London’s lost financial hub status.

François Villeroy de Galhau said that keeping the so-called “passport” would not be possible if the UK left the single market of trade in goods and services.

Passporting has proven extremely popular in the UK, where banks use it to expand their customer base in the union, while EU firms use it to tap into the international financial markets via London, as a global financial hub.

Non-UK and non-EU banks use passporting as a financial springboard to do business with the entire EU, with the benefit of only having to set up a base in one place.

Swiss and US banks, for example, use London for easy access to the European single market.

And given passporting is of vital importance, then it will mean a shake-up for the sector, and one would expect non-UK firms currently based there to relocate some or all of their operations to within the single market.

Enter Malta.

Following the Brexit vote, many – including prime minister Joseph Muscat – have indicated that Malta could serve as the UK’s gateway into the EU once the country left the union.

Joe Zammit Tabona, former Maltese high commissioner to the UK, told MaltaToday that Malta should set itself up as a base where UK companies would have a foothold into the EU, providing passporting services for those companies currently headquartered in the UK and offering services in other EU countries.

Malta should seize the opportunities that the UK’s exit from the EU could create, especially within the financial services sector, but also in other sectors like manufacturing,” he said.

Zammit Tabona said it would be best for everyone involved if the UK’s exit strategy was made clear as soon as possible, to limit speculation and let companies plan future strategy.

The top 14 global investment banks operating in the UK at the moment employ between them alone more than 60,000 people.

Attracting those companies to Malta would fall under the remit of Malta Enterprise and FinanceMalta, a non-profit public-private initiative set up to promote Malta’s international business and financial centre within and outside Malta.

A spokesperson for Malta Enterprise told MaltaToday that it was guided by the government on its position on Brexit and its possible effects on those economic activities for which Malta Enterprise is responsible.

As to whether any additional incentives could be introduced to attract those companies, banks and firms that could be considering leaving the UK following the Brexit vote, Malta Enterprise said it continuously monitored what other countries were offering in terms of incentives to attract Foreign Direct Investment.

“Of course, when we devise such incentives, we comply strictly with EU State Aid regulations,” the spokesperson said.

John Huber of advisory firm John Huber & Associates, and a member on the board of governors of FinanceMalta, said that potential opportunities for Malta could develop once the UK negotiating position became clear, but insisted it was way too early for tangible forecasts.

He acknowledged that Malta could be a very attractive option for companies which would potentially choose to leave the UK once the country officially left the EU.

“Our language and legislation could prove very attractive for such companies seeking to relocate outside the UK,” he said. “And having our tax system mostly based on the UK’s is an added bonus.”

Huber also expressed concern at one possible major negative effect Brexit could have on Malta.

“Once the UK leaves the EU, Malta will have lost its strongest ally within the bloc,” he said. “I wonder how that will affect Malta?”

My hope is that Malta realises itself as an attractive stepping stone for passporting services for UK-based companies who will need access to the EU, as we currently serve for Middle East and African companies,” he said.

Huber has served as an adviser to the Maltese government and as a technical reference point in the drafting of the Malta Retirement Programme, the Global Residence Programme and The Residence Programme.

He is also a member on the board of governors at FinanceMalta. But any decision – in the City of London and in Malta – will have to wait until the UK exit strategy becomes apparent in its negotiation with the EU.

And meanwhile, some argue that the Brexit fears are overblown.

“Leave” campaigners say that quitting the union would free London from the EU’s regulatory restraints and allow the financial services industry to become more competitive.

By leaving the union, the UK could, for example, revert the cap on banking bonuses that was introduced after the financial crisis against Britain’s will.

Removing that cap and letting bonuses run high again could provide a lift to financial activity in London, offsetting some of the negative impacts.


No Brexit risk for global rich

No Brexit risk for global rich

Henley chairman Christian Kalin says UK’s future with EU will do little to curb right to settlement for those seeking to buy an EU passport

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 MALTA way offers you the services of legal advisory for theresidence scheme, on the basis of the different formats required by existing rules of the Maltese Regulations, according to the different applicants subjective profiles and citizenship
We advise and assist global corporations to relocate to Malta for the company and their executives or employees, professionals, families, individuals, HNWIs and retirees as well

Are the new citizens who acquired the Maltese passport for access to the Schengen zone and the United Kingdom about to get less bang for their €650,000?

Fear not, says Christian Kalin, the brains behind the ‘citizenship-by-investment’ scheme promoted by Henley & Partners, and which Malta adopted and renamed as the Individual Investor Programme. There’s little to suggest that holders of any EU passport will find it problematic to obtain access to the UK.

London has been a draw for ‘non-doms’ – a tax status for those living in the UK but whose father or grandfather was resident in another country when they were born, allowing them to avoid paying tax on money earned outside the UK. Supporters of the tax status, introduced back in 1799 for colonial traders, say it keeps capital and ‘talent’ inside the British capital.

But citizenship specialist Christian Kalin predicts that with Brexit negotiations soon to take place with the European Council, little might change for the free movement of labour in a future association agreement with the EU.

“The UK will now simply need to decide how much it wants to separate itself from the EU, which is unlikely to restrict significantly access to the EU for UK citizens,” Kalin says, listing as an example the European Economic Area (EEA) countries – Liechtenstein, Norway and Iceland – which still get the free right of settlement, or Switzerland – his home nation – which is part of the European Free Trade Agreement but not an EEA member. “It has opted for bilateral agreements with the EU which give its citizens the same rights of settlement throughout the EU.”

EU citizenship was introduced by the Maastricht Treaty in 1992 and affords rights such as the right to free movement, settlement and employment across the EU.

“It is foreseeable that the UK will end up under an EEA-type of arrangement or acquire a status similar to Switzerland’s. In this case, a form of free right of movement and settlement would likely remain, in particular for entrepreneurs, investors and financially independent people,” Kalin says, suggesting a return for the UK to its pre-EU status, when it was a founder member of the EFTA.

Kalin says there is nothing much to worry about for those who acquired or are looking to acquire Maltese citizenship.

In the unlikely event that the right of settlement vis-à-vis the UK is terminated with Brexit, this would damage the value of British citizenship far more than that of European citizenship,” Kalin says, warning that the UK would potentially lose free access to 27 countries.

“We have no doubt that the UK will find some form of association with the EU which will, at least for financially independent citizens, continue to provide access to settle in the UK.

“Brexit will of course not impair visa free travel between the UK and the EU countries, and also have no impact on the visa policy of either the UK or the EU as this has always remained separate with the UK setting its own short-term visa policy.”

Those who seek to reap rewards on corporate passporting by luring businesses from London to Malta, may have yet to wait for drastic moves.

On the corporate and investment side alone, Malta is very attractive and remains an interesting possibility for multinationals. Brexit, however… I don’t think that changes much at all. Malta is still a very good EU base, as are of course other EU jurisdictions like Dublin, Luxembourg and Frankfurt,” Kalin says.


Labour costs growing fast in Malta in 1Q 2016

Labour costs growing fast in Malta – up by more than 11% where Malta has clearly a skills’ shortage

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When economy heats up, the desire for the best heats up as well…..

WHY MALTAWAY ? is the key question indeed!

Corporate & Assets Governance, World Class, MALTA, Worldwide

We believe that many Corporations and Individuals  seek what we have found , and we want to share , we need only starting to think and act differently … and our contribution



Contatta Maltaway per la tua relocation a Malta

From Maltawinds.com

Labour costs in Malta appear to be consistently on the rise with increases ranging from 1.1 per cent quarter to quarter up to an impressive 11% in certain sectors such as non-wage costs. Malta was well above the average for wage cost rises at just under 3% or in 11th place where nominal labour hourly costs were concerned.

Hourly labour costs rose by 1.7% in both the euro area (EA19) and the EU28 in the first quarter of 2016, compared with the same quarter of the previous year. In the fourth quarter of 2015, hourly labour costs increased by 1.3% and 2.0% respectively.

The two main components of labour costs are wages & salaries and non-wage costs. In the euro area, wages & salaries per hour worked grew by 1.8% and the non-wage component by 1.5%, in the first quarter of 2016 compared with the same quarter of the previous year. In the fourth quarter of 2015, the annual changes were +1.5% and +0.7% respectively. In the EU28, hourly wages & salaries rose by 1.7% and the non-wage component by 1.6% for the first quarter of 2016. In the fourth quarter of 2015, annual changes were +2.1% and +1.3% respectively.

Breakdown by economic activity

In the first quarter of 2016 compared with the same quarter of the previous year, hourly labour costs in the euro area rose by 2.0% in industry, by 1.4% in construction, by 1.7% in services and by 1.6% in the (mainly) non-business economy. In the EU28, labour costs per hour grew by 1.9% in industry, by 2.6% in construction, by 1.6% in services and by 1.5% in the (mainly) non-business economy.

Member States

In the first quarter of 2016, the highest annual increases in hourly labour costs for the whole economy were registered in Romania (+10.4%), Bulgaria (+7.7%), Estonia (+6.9%), Lithuania (+6.1%) and Latvia(+4.7%). Decreases were recorded in Italy (-1.5%) and Cyprus (-0.3%).

Walking or riding …World Class, MALTA, Worldwide

Automatic Exchange of Information
Committed Countries

On 1 January 2016 the automatic exchange of financial account information in tax matters came into effect. Ignorance is of course no excuse and ignoring the matter can result in trouble.

MALTA is 100% fully EU and OCSE compliant, be compliant for yourself, your business, your assets with MALTAway, your best way to Corporate and Assets governance

Walking or riding … World Class, MALTA, Worldwide

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What is Automatic Exchange of Information (AEoI)?

It is a Global Common Reporting and Due Diligence Standard (CRS) which is developed by the Organisation for Economic Co-operation and Development (OECD) in cooperation with G20 and the European Union. As per latest available update 89 countries have committed to implement AEoI either by September 2017 or September 2018. In terms of AEoI’s implementation, the CRS will need to be translated into domestic law, whereas the Competent Authority Agreements can be executed within existing legal frameworks such as Article 6 of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters or the equivalent of Article 26 in bilateral Double Tax Treaties.

In plain English, governments participating in this will obtain detailed account information from their financial institutions and exchange that information automatically with other jurisdictions on an annual basis. The purpose behind this initiative is the protection of the integrity of the tax systems of each participating country and suppress the tax evasion through offshore jurisdictions.

What will be reported and by whom?

All financial institutions (banks, custodians, treasury, brokers, certain collective investment vehicles and specified insurance companies) will report the following information:

  • Investment income (interest, dividends, income from certain insurance contracts);
  • Account balances;
  • Sales proceeds from financial assets; and
  • Other income generated with respect to assets held in the account or payments made with respect to the account.

Reportable accounts and persons

  • Individual accounts (name, address, residency, TIN, date & place of birth);
  • Corporate accounts (trusts & foundations) (name, address, residency, TIN)
  • Individuals that ultimately control the entities, trusts and foundations (passive NFE) (name, address, residency, TIN, date & place of birth);
  • Estate of decedents.

Which countries are participating and when?

Country Reporting Date
Albania Albania Sept 2018
Andorra Andorra Sept 2018
Anguilla Anguilla Sept 2017
Antigua and Barbuda Antigua and Barbuda Sept 2018
Argentina Argentina Sept 2017
Aruba Aruba Sept 2018
Australia Australia Sept 2018
Austria Austria Sept 2018
Bahamas The Bahamas Sept 2018
Barbados Barbados Sept 2017
Belgium Belgium Sept 2017
Belize Belize Sept 2018
Bermuda Bermuda Sept 2017
Brazil Brazil Sept 2018
British Virgin Islands British Virgin Islands Sept 2017
Brunei Darussalam Brunei Darussalam Sept 2018
Bulgaria Bulgaria Sept 2017
Canada Canada Sept 2018
Cayman Islands Cayman Islands Sept 2017
Chile Chile Sept 2018
China China Sept 2018
Colombia Colombia Sept 2017
Cook Islands Cook Islands Sept 2018
Costa Rica Costa Rica Sept 2018
Croatia Croatia Sept 2017
Curacao Curaçao Sept 2017
Cyprus Cyprus Sept 2017
Czech Republic Czech Republic Sept 2017
Denmark Denmark Sept 2017
Dominica Dominica Sept 2017
Estonia Estonia Sept 2017
Faroe Islands Faroe Islands Sept 2017
Finland Finland Sept 2017
France France Sept 2017
Germany Germany Sept 2017
Ghana Ghana Sept 2018
Gibraltar Gibraltar Sept 2017
Greece Greece Sept 2017
Greenland Greenland Sept 2017
Grenada Grenada Sept 2018
Guernsey Guernsey Sept 2017
Hong Kong Hong Kong (China) Sept 2018
Hungary Hungary Sept 2017
Iceland Iceland Sept 2017
India India Sept 2017
Indonesia Indonesia Sept 2018
Ireland Ireland Sept 2017
Isle of Man Isle of Man Sept 2017
Israel Israel Sept 2018
Italy Italy Sept 2017
Japan Japan Sept 2018
Jersey Jersey Sept 2017
Kuwait Kuwait Sept 2018
Latvia Latvia Sept 2017
Liechtenstein Liechtenstein Sept 2017
Lithuania Lithuania Sept 2017
Luxembourg Luxembourg Sept 2017
Macao Macao (China) Sept 2018
Malaysia Malaysia Sept 2018
Malta Malta Sept 2017
Marshall Islands Marshall Islands Sept 2018
Mauritius Mauritius Sept 2017
Mexico Mexico Sept 2017
Monaco Monaco Sept 2018
Montserrat Montserrat Sept 2017
Nauru Nauru Sept 2018
New Zealand New Zealand Sept 2018
Netherlands Netherlands Sept 2017
Niue Niue Sept 2017
Norway Norway Sept 2017
Poland Poland Sept 2017
Portugal Portugal Sept 2017
Qatar Qatar Sept 2018
Romania Romania Sept 2017
Russia Russia Sept 2018
Saint Kitts and Nevis Saint Kitts and Nevis Sept 2018
Saint Lucia Saint Lucia Sept 2018
Saint Maarten Sint Maarten Sept 2018
Saint Vincent and the Grenadines Saint Vincent and the Grenadines Sept 2018
San Marino San Marino Sept 2017
Samoa Samoa Sept 2018
Saudi Arabia Saudi Arabia Sept 2018
Seychelles Seychelles Sept 2017
Singapore Singapore Sept 2018
Slovak Republic Slovak Republic Sept 2017
Slovenia Slovenia Sept 2017
South Africa South Africa Sept 2017
South Korea Korea Sept 2017
Spain Spain Sept 2017
Sweden Sweden Sept 2017
Switzerland Switzerland Sept 2018
Trinidad and Tobago Trinidad and Tobago Sept 2017
Turkey Turkey Sept 2018
Turks and Caicos Islands Turks and Caicos Islands Sept 2017
United Arab Emirates United Arab Emirates Sept 2018
United Kingdom United Kingdom Sept 2017
Uruguay Uruguay Sept 2018
Vanuatu Vanuatu Sept 2018


Malta, Europe, Brexit, relocation considerations

‘Brexit could positively impact Malta’s financial services industry’ … and much more

PN leader questions whether rights of Maltese living in UK will be diminished as a result of summit deal, suggests government should apply same treatment to British immigrants in Malta

MALTAway is your way to relocate yourself, your business,your wealth in Malta

A British exit from the EU could have positive ripple effects on Malta’s financial services industry, Prime Minister Joseph Muscat said.

While reiterating his support for Britain to remain an EU member state, Muscat said in a ministerial statement that Malta can benefit in that financial services companies based in the City of London might be tempted to relocate to an EU member state.


“This could be an opportunity for other jurisdictions,” he said. “On the other hand, the City of London can adopt different standards that will render it more attractive than European jurisdictions.”

In response to questions by PN leader Simon Busuttil, Muscat said that the government has commissioned several studies on the potential impacts – both negative and positive – of a Brexit on Malta.

Muscat said that the government is in favour of the UK remaining an EU member state for both economic and political reasons, arguing that it is currently the major counter-balance to Germany and France’s push towards a federal Europe.

“The EU requires the UK and vice-versa,” he said, while reiterating that the deal agreed at last week’s summit is not specific to the UK, but applicable to other EU countries who might find themselves in similar situations in the future.

Simon Busuttil had questioned whether the government had commissioned a study on the summit deal and a potential Brexit on the thousands of Maltese citizens currently living in the United Kingdom.

“If the British negotiated a deal at the summit that in some way diminishes social benefits rights for EU citizens working in the UK and the children, does this mean that the rights of the thousands of Maltese living in the UK will be in any way diminished?

“If the rights of the thousands of Maltese living in the UK were in any way diminished, then I’d expect the Maltese government to apply the same treatment for thousands of British living in Malta,” he added.

Muscat responded that the only benefits impacted at the summit will be in-work benefits and child benefits, and insisted that it will not in any way be related to pensions or other contributory benefits.

He added that a bilateral agreement on social security and health between Malta and the UK has been in place since 1986, and will still apply in the case of a Brexit.

Relocation: education and school guide

Relocation: education and school guide

Designed to support parents embarking on an international assignment or a relocation to another area in their country of origin, this substantial, 232-page publication will be an invaluable resource for relocating families and the HR decision-makers, global managers and relocation professionals who support and advise them.

Maltaway serve and assist you with a holistic 360° approach including school as well…just ask


Moving is a stressful business, even if you have done it many times before. For employees, there is the challenge of getting to grips with their new role and work commitments and understanding the nuances of the business culture in their new location. For partners, there can be concerns around finding employment and settling the family.

For parents with accompanying children, sourcing appropriate school places is paramount; without the reassurance of a school place, they may even refuse the assignment or relocation move.

Moving with a family isn’t easy, but with the right information and support, parents can make informed choices and give their children opportunities that will widen their horizons and help them to become global citizens. We don’t claim to have all the answers, but we can reassure parents that there are education options to meet their needs, and experienced professionals within schools and experts across the globe who can help them make the right choices for their individual circumstances.

For HR, global managers and employers, understanding changes in education systems and the complexities of curricula, domestically or in regions around the world, can be bemusing. This guide will help them deal confidently with parents who need school places in their new location and who require support to enable them to take up an international assignment or a domestic relocation move.

It will also help them to understand the education and family issues involved, and to make fair and informed decisions that support their organisation’s talent and enable them to function as effectively as possible in the new location from the outset.

For relocation professionals, the guide will support the work they do in sourcing schools and accommodation for families relocating to a new area. It’s another tool to help them guide families through the transition and change that are inevitable in moving and establishing a new network and sense of home.


52 Places to Go in 2016, MALTA 3° in the world

52 Places to Go in 2016, MALTA 3° in the world

It’s a big world out there, so we’ve narrowed it down for you. From ancient temples to crystalline waters, here are our top destinations to visit this year…


MALTA cool for Europe and now for USA as well

Malta got the 3° place, it is an affordable Mediterranean playground with a superb climate, sublime beaches, megalithic temples and a distinctive crossroads culture. English is one of two official languages, but few Americans have discovered Malta’s charms. There are three inhabited islands to explore — Malta, home to buzzing Valletta, a Unesco World Heritage city of stunning limestone buildings; Gozo, more tranquil and with a dramatic coastline filled with great spots for diving; and idyllic, car-free Comino, which has one hotel and few residents. As Valletta celebrates its 450th anniversary this year, the old city has gotten some fresh touches, including a new city gate, a restored open-air opera house and a new parliament building, all designed by the renowned architect Renzo Piano. And in Malta, you can follow in the footsteps of Angelina Jolie and Brad Pitt, who spent their honeymoon shooting their latest film, “By the Sea,” in Gozo, which served as a more economical, but equally romantic, stand-in for the South of France. (You may also recognize the island from “The Whale” or “The Da Vinci Code.”)


Amazing sea, history, great global people, total security, what else for your travel experience….

find the best with CASAMALTA  for

  1. your travel,
  2. your house,
  3. your English Course

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Renaissance in MALTA for the funds industry

Renaissance in MALTA for the funds industry

How did the advent of EU hedge fund regulation called the Alternative Investment Fund Managers Directive (AIFMD) affect the industry?

Quoting a recent survey by Misco, it reveals inter alia how the economy inspires  confidence among respondents, with 85 per cent saying they felt that the economic situation in Malta was good.

Talking to practitioners one acknowledges that following the multi million euro branding gained as a result of the Valletta Summit and CHOGM international events, the perception for attracting new business is positive.

Just consider the meteoric trajectory of the local fund industry, in which in 1995 there were only five Collective Investment Schemes (CIS) that were licensed, yet this rose to more than 750 today.

In addition one hopes that the creation of a new regime for Alternative Investment Funds (AIFs) will be one of the developments to feature boldly in the new year.

So how did the advent of EU hedge fund regulation called the Alternative Investment Fund Managers Directive (AIFMD) affect the industry? More benefits are expected as AIFMD regulations came into effect since now investors are obliged to comply with the EU’s regulatory system.

Starting way back in June 2013, Malta became the first EU Member to complete the transposition of the requirements of the Directive into national law. AIFMD permits only managers headquartered in the EU to market funds within the Single market, excluding funds based in the Caymans or Switzerland, not to mention the US, from raising money in the EU.

The AIFMD directive is broad in scope and regulates managers of all varieties of collective investment undertakings other than UCITS, ranging from securities funds to funds investing in illiquid assets.

Currently, Maltese law requires that Retail CISs and PIFs targeting experienced investors entrust the fund’s assets to a custodian for safekeeping; the custodian is also responsible for monitoring the extent to which the investment manager abides by the investment and borrowing restrictions to which the fund is subject.

Professional Investor Funds (PIFs) targeting Qualifying or Extraordinary Investors would generally be expected to appoint a custodian or prime broker(s) for the safekeeping of the PIF’s assets but may adopt adequate alternative safekeeping arrangements instead, subject to the MFSA’s approval.

Readers may ask:- if you choose to set up an AIF in Malta what are the advantages for the investor? The answer is:- benefits are numerous, such as solid diversification and spread of risk, professional research, and access to timely information – just some of the advantages that can be enjoyed in Malta.

Simply put, the main benefit of professionally managed funds is that they provide access to an investment that offers numerous opportunities that the individual investor would otherwise not have been able to access. Additionally, the increased variety of managed funds available to consumers ensures that the personal requirements of each retail investor can be met.

Whether choosing high risk/high capital growth investments or conversely a  low risk investment, all can provide consistent income over a period of time. Naturally all depends on your risk appetite yet the versatility of managed funds offer solutions for almost every investor.

To start with, the consumer is able to be guided through a broker firm before selecting a managed fund – this means being guided by a range of experts ready to help you select the best portfolio, as guided by the funds’ predetermined mandate.

Continuing on the theme of using Malta as a hub for funds, one can mention more unique selling points such as double tax treaties in force with over 65 countries. These are mostly based on the OECD model, Malta being the only EU member with a full imputation system; operates a tried and tested refundable tax  scheme – triggered when dividends are paid to shareholders from taxed revenues.

It is fully compliant with the EU non-discrimination system and gained approval from the OECD. Furthermore adoption of the euro acts as an effective catalyst for attracting funds, with the added advantage of EU passporting rights for retail UCITS and PIF’s.

As a result, in 2016 more offshore fund managers are expected to move into regulated onshore jurisdictions or base at least part of their operations in the EU.

Another feather in our cap is the competitive taxation regime for collective investment funds (CIS) (including Professional Investor Funds – PIFs and retail UCITS). As stated earlier, the number of funds located in Malta has in fact grown to more than 750, with €10 billion under management. Quoting FinanceMalta we see that the industry is subdivided into four sectors:-

• Total net assets of funds domiciled in Malta (June 2014): €9.7 billion

• Professional Investor Funds (PIF) total net asset value (June 2014): €6.6 billion

• UCITS funds total net asset value (June 2014): €2.42 billion

• Retail Non-UCITS funds total net asset value (2013): €0.7 billion.

It is encouraging to note that since 2010, the number of funds increased almost by 30% and the influx of hedge funds to Malta has been a huge turning point and is slowly feeding into the economy, as do the multiplier effects of legal, audit and accounting fees which the industry generates.

Total income from financial services constituted about 12% of Malta’s gross domestic product of €6.2 billion in 2010 and lobby groups aim to double this mark by 2020.

According to Bloomberg Markets Magazine journalist Jeremy Kahn, “In 2010, nine companies from the British Virgin Islands, seven from the Cayman Islands and six from Luxembourg switched their legal domicile to Malta.. Many of these larger hedge funds, while serviced from Malta, remain legally domiciled elsewhere, so those assets aren’t counted in Malta’s official tally.”

Malta can be classified as a hybrid financial gateway to Europe since its finance industry offers a number of attractions – including a stable economy, liquid markets, skilled workforce, cost efficient business infrastructure, and advanced IT support.

Its work ethic is what fund managers consider to be the secret ingredient encouraging them to transfer their domicile to the island. Ever since the onset of the financial crisis which hit the globe in 2008, sentiment by investors changed – they prefer transparency to secrecy, so Malta’s regulatory scrutiny and accountability have become unique selling points, including adoption of the euro in 2008, which resulted in a boost to the island’s ambitions as a hedge-fund centre by eliminating a layer of foreign exchange costs.

While the custodian of Retail CISs must have an established place of business in Malta and be in possession of a Category 4 Investment Services Licence issued under the Investment Services Act, PIFs may appoint a custodian/prime broker established abroad.

The AIFMD requires that the depositary be established in the following location: for EU AIFs, in the home Member State of the AIF and for non-EU AIFs, in the third country where the AIF is established or in the home Member State of the AIFM managing the AIF or in the Member State of reference of the AIFM managing the AIF.

Thus, under the new regime, a Maltese AIF, authorised under AIFMD, would eventually be required to appoint a custodian who is established (including establishment through a subsidiary or branch) in Malta. In order to develop and sustain the growth that Malta’s financial services anticipates more custodians of the highest repute will set up in the near future.

Certainly no effort is being spared by the MFSA to attract new custodians. In conclusion, the future looks bright and our administrative landscape is expected to evolve even further with the hope of attracting mega fund companies – something that is likely to raise the profile of the jurisdiction and, hopefully, attract more affluence for everyone.