The Annual General Meeting
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The Annual General Meeting

Introduction The Com­pa­nies Act impos­es on every com­pa­ny the oblig­a­tion to hold a gen­er­al meet­ing year­ly, but what does a gen­er­al meet­ing real­ly entail? The gen­er­al meet­ing of a com­pa­ny must be con­duct­ed once every year, hence why it is called the Annu­al Gen­er­al Meet­ing (“AGM”). While a com­pa­ny may call oth­er meet­ings dur­ing the...

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What banks are there in Malta? An overview

Each client of Dr Wern­er & Part­ner who founds an LTD in Mal­ta soon­er or lat­er needs a bank account to guar­an­tee the company’s pay­ment trans­ac­tions. In so doing it is not, how­ev­er, absolute­ly nec­es­sary to open an account in Mal­ta. Thus we have some clients who main­tain their bank accounts with an inter­na­tion­al bank out­side...

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Gaming Academy planned to support iGaming industry in Malta

The iGam­ing indus­try in Mal­ta is one of the largest con­trib­u­tors to the GDP and a fast grow­ing sec­tor. The Mal­ta Gam­ing Author­i­ty has increased their rev­enues by €6 mil­lion and the num­ber of issued licens­es increased by 19%. As of today, there are 519 licens­es issued to remote gam­ing oper­a­tors, and the num­ber is...

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Malta remote gaming licences for casino and betting

Online gam­bling has become a major con­trib­u­tor to the gam­ing mar­ket, and the indus­try is grow­ing quick­ly. The most pop­u­lar sec­tions are casi­no games, pok­er and sports bet­ting. Mal­ta is an online gam­ing juris­dic­tion that issues remote gam­ing licences to qual­i­fied oper­a­tors. Oper­a­tors who wish to offer online games or sports bet­ting need a licence...

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Common Reporting Standard will come into effect in January 2016

The Com­mon Report­ing Stan­dard (CRS) is a mul­ti­lat­er­al agree­ment that was signed by 50 juris­dic­tions in Octo­ber last year in Berlin. The main aim of the agree­ment is the auto­mat­ic exchange of finan­cial infor­ma­tion to pre­vent tax eva­sion and fraud. The sign­ing juris­dic­tions will adopt the CRS from 1 Jan­u­ary 2016. The new reg­u­la­tions require...

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Playing Poker in Malta

Many peo­ple know that Mal­ta is one of the coun­tries that issues remote gam­ing licences. What many peo­ple do not know how­ev­er, is that Mal­ta is also very pop­u­lar with pok­er play­ers and pres­ti­gious tour­na­ments are reg­u­lar­ly host­ed on the islands. Gam­bling is legal in Mal­ta, which means that win­nings from online gam­bling can be...

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Malta Gaming Authority allows on-board gambling on cruise ships

There are many cruise lin­ers vis­it­ing Mal­ta and these are now allowed to oper­ate their on-board casi­nos when they are in Mal­tese waters, includ­ing when they are berthed in Gozo or Mal­ta. Jose Her­rera, the Par­lia­men­tary Sec­re­tary for Com­pet­i­tive­ness and Eco­nom­ic Growth said, that this reg­u­la­tion will be ben­e­fi­cial for the gam­ing and cruise lin­ing...

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Eden Leisure will operate largest casino in Malta with Olympic Casino

Mal­ta’s largest enter­tain­ment provider is the Eden Leisure group. In Decem­ber last year they have won the bid for a casi­no license for an addi­tion­al land-based casi­no in Mal­ta. In the mean­time they have cho­sen a part­ner to oper­ate the casi­no and signed an agree­ment with Olympic casi­no in Jan­u­ary. Olympic is a well-known provider...

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IGaming industry in Malta becoming largest in Europe

It is no secret that the iGam­ing indus­try is one of the largest indus­tries in Mal­ta. More and more com­pa­nies are either mov­ing their casi­no and bet­ting oper­a­tions here, or new com­pa­nies are being estab­lished. The EU mem­ber state Mal­ta is now becom­ing the num­ber one state for iGam­ing busi­ness­es, and even the large Betclic...