Business in Malta flourished in 1996 when the Companies Act came into force, the largest single piece of legislation ever enacted in Malta. The Companies Act was modelled upon European Union Directives on Company Law and on Common Law principles of Corporate and Insolvency Law, introducing fresh notions within the domestic scenario. In 1994, Parliament has also enacted a number of laws providing the necessary legal and fiscal framework for the setting up of banking operations, collective investment business, insurance business and trust arrangements in Malta.
Since the enactment of such legislation, Malta has been chosen by various foreign financial institutions as a location for the setting up of banks, financial institutions and investment funds, most of which operate at cross-border level. Legislation has also prominently catered for the setting up of a system for the continuation of companies (continuation in Malta of a foreign corporate entity and vice versa for purposes of re-domiciling activity), the setting up of international trade and holding companies in Malta by non-residents, which companies have replaced the previous offshore companies but which enjoy similar (or even improved) tax benefits, dissolution and winding up of companies.
All these changes to our laws, coupled with a robust Commercial Code that has withstood the test of time since its enactment in 1857, has not only attracted foreign direct investment to Malta but also triggered local entrepreneurs to venture into new areas of commercial activities.
At Lex Group we ensure that our clients’ commercial matters are attended to with utmost professionalism whilst making sure they are compliant and kept abreast with all regulatory requirements.
To this effect, we assist our clients from the initial stages of their commercial venture to the day to day administration required for the smooth operation of their business. We strive to ensure that our clients have all the necessary professional support not only in the initial phase but also beyond.
Our clients in this area of practice vary from small to medium enterprises to global organisations. Our goal is to ensure that your activity is successful and your employees are safeguarded during transactions, business development and disputes.
Commercial Legal Requirements
We provide all the support required for successful businesses by ensuring that our clients are in line with all applicable legal and regulatory requirements. To this effect, we assist in the drafting of various kinds of agreements that may be required to execute transactions, such as agreements related to joint ventures, maintenance, franchising, distribution, operating and management, resource sharing, outsourcing, supply of goods, supply of services, etc.
We also assist businesses in obtaining the necessary licenses to operate in the Maltese market, including trading and other special licenses issued by local authorities. Click here to view our services related to license acquisition: https://lexgroup.mt/services/advisory/
Employment and Commercial law Matters
Malta offers an attractive work environment in which employees’ rights are safeguarded through work and occupational health and safety regulations, thus ensuring a healthy work environment for both employees and employers. Employers are responsible for ensuring adherence to local regulations to avoid facing legal liability and reputation damage. At Lex Group our team of experts can assist in the drafting of employment contracts and engagement letters, registration of employers with the local authorities, assisting non-EU nationals with obtaining work permits in Malta and all other employment matters. Click here to view our services related to immigration and employment: https://legal.lexgroup.mt/legal-services/citizenship-immigration-relocation/