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:
-
We continue discussing issues related to client onboarding in the context of Corporate Services
We continue discussing issues related to client onboarding in the context of corporate services
01.04.2024 -
Griffiths + Associates’ Client Onboarding Process
Reasons to relocate yourself and your business to Malta.
29.02.2024 -
Reasons to relocate yourself and your business to Malta
Reasons to relocate yourself and your business to Malta.
22.02.2024 -
Discussing a rather ambiguous question: “Is Malta a tax haven?”
Discussing a rather ambiguous question: “Is Malta a tax haven?” Malta’s tax system includes the concept of “economic substance,” which means that companies should have a real presence in Malta, including physical offices, employees, and activities.
16.02.2024 -
Malta Nomad Residence Permit, new tax rules 2024
On December 2023, the Ministry for Finance and Employment has issued Updated Nomad Residence Permits Rules, LN 277 of 2023, coming into effect on 1 January 2024
20.12.2023 -
EU funding | Business Grants and other incentives for startup
Through our proficiency in EU funding we can support you to identify the right funding source for project ideas and apply on your behalf for business grants and other incentives.
26.10.2023 -
Auditing iGaming Entities 2024
Auditing iGaming Entities 2024: for more information about our igaming audit services, or to find out how we can become your CPA partner, contact us.
23.10.2023 -
EU Funded Projects – Horizon programs for the startups in Malta
EU funded projects overview 2021-2027. We keep you updated on the new opportunities provided by EIT Urban Mobility and other EU funded projects in Malta. Follow us and you always catch the opportunity for the good start and further promotion of your innovative ideas!
15.10.2023 -
Malta Yacht Leasing – Vat Issues 2024
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.
16.08.2023 -
Malta Double Tax Treaties 2024
Let’s find out more about Malta UK double tax treaty as part relating directly to the competitive tax regime.
08.05.2023 -
Tax rates in Malta and Taxation system 2024
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.
24.02.2023