Finally, Cabinet gave the green light for the re-establishment of a national authority solely responsible for the Maritime Sector.
The Minister for Transport of Malta Dr Aaron Farrugia invites stakeholders to a Consultation Meeting on the demerger of Transport Malta into separate entities for land transport, aviation and maritime affairs.
The event is taking place at Xara Lodge, Rabat on 23 November 2022.
Two years ago, ahead of a possible General Election, the Malta Maritime Forum took the initiative about the Transport Malta demerger and presented “A Maritime-Centred Electoral Manifesto” in person to the leaders of the Political Parties.
This was preceded that for some time, members of the Malta Maritime Forum noted that with the amalgamation of a number of entities and departments into Transport Malta, the priority required by the Maritime Industry on both the national and international levels had become diluted in other overall responsibilities covered by Transport Malta including Aviation and Transport where the latter alone includes, vehicle registrations, drivers licences, VRT stations, the road network, traffic management, road safety, the bus service and all aspects of public transport animals and animal drawn-vehicles.
From the MMF’s perspective, the country was ahead of time and ahead of its competition when it established a Malta Maritime Authority in 1991. This had provided Malta with a competitive edge over other important maritime jurisdictions within and outside the EU, which advantage has now been lost.
Members of the MMF are competing in a global village where specialisation is key, hence the Forum’s recommendation. And the fact that Government listens and acts on MMF’s advice sends the right message to the industry about Malta’s aspirations of consolidating its position on a global scale.
Being a part of the Maltese maritime community and agreeing with the proposal put forward by the MMF, Griffiths+Associates is participation in these discussions, our representative on Maritime Connections Worldwide, Liudmyla Skryvanek is attending the Meeting.
We will keep you posted with future updates.
Business Publications:
-
Family Office Malta approach 2023: private family foundations
By working with us, your family office gets a robust platform for managing the family’s foundation without hiring additional staff or building infrastructure.
01.12.2022 -
How To Start A Business In Malta 2023 | A Step By Step Guide
Our company assists you in opening a business in Malta or you can buy a business. We have prepared the Guide “How to start a business in Malta”
05.11.2022 -
Yacht and ship registration procedure under Malta flag 2023
Ship Registration Procedure in Malta is very simple and straight forward provided all documentation is in order: commercial ships, yacht, superyacht and vessel.
10.10.2022 -
Taxation system in Malta 2023 – Expert Overview
Tax system in Malta: take a dive into Malta taxation for individuals and businesses: tax benefits, Indirect taxes and Direct taxes in Malta. Expert Tax Advice.
24.09.2022 -
Malta Yacht Leasing – Vat Issues 2023
Guidelines on the VAT treatment for pleasure yacht leasing in Malta 2022. It opens the possibility for the yacht owners to benefit from VAT optimization.
16.08.2022 -
Corporate Tax in Malta – an overview 2023
The corporate tax rate in Malta is set at 35% and companies incorporated in Malta are subjected to tax in Malta on their worldwide income. However, Malta offers a highly efficient fiscal regime that eliminates double taxation on taxed company profits distributed as dividends.
18.06.2022 -
VAT (Value Added Tax) in Malta | Guide 2023
Need help with your Malta VAT compliance? Griffiths + Associates has a range of solutions that can help your business depending on where and how you trade.
09.05.2022 -
Capital Gains Tax Malta 2023 & Property Transfer Tax in Malta
The transfer of immovable property in Malta is subject to the Property Transfer Tax instead of capital gains tax. We have a team of tax advisors who are capable of deftly handling all the complexities of capital gains tax in Malta and property transfer tax Malta.
14.04.2022 -
Malta Budget 2022
How will the new Budget 2022 measures impact you and your business? Our comprehensive summary offers a look into the salient points of the new Budget document
01.01.2022 -
Business in Malta | Fees, taxes and process 2023
Let’s talk frankly about company registration in Malta. We are going to look at the current state of affairs, important issues that merit attention and mistakes that should definitely not be made.
It’s all over the Internet advertising such “Do you want to register your company in Malta?”, “Start your business with the one of the best tax-rates in Europe and little paperwork” or “Malta company formation – Register a business in 5 days” – most of such content is about hypothetical possibilities, half-truths, and questionable tax tricks.
So let us begin discussing “Company formation in Malta”, with what’s most important.29.09.2021 -
Benefits of yacht registration under Malta Flag 2023
Griffiths + Associates specializes in registration of all sized yachts and all types of ships in highly reputable Maltese jurisdiction.
22.07.2021
