Malta — Blockchain Regulation and Benefits
The Maltese government have been working effortlessly on ensuring that the DLT regulatory framework be approved in parliament by the Summer…and so it was!
In this post I will provide useful links for all individuals who are looking for insights about the Maltese Jurisdiction, along with any supporting benefits/ programs that companies coming to Malta can take advantage of.
Regulation
Quick Read
If you are looking for a nice PDF with light reading about the regulation proposed back in November 2017, then I highly recommend this PDF. It was the proposal paper, but most of it still holds true. https://meae.gov.mt/en/Public_Consultations/OPM/Documents/PS%20FSDEI%20-%20DLT%20Regulation%20Document%20OUTPUT.PDF
Detailed readings
In June 2018, the Maltese government passed the three bills reference in the proposal linked to above. If you are keen to read the juicy details please take a look at the bills below:
Malta Digital Innovation Authority Act 2018 (MDIA)
http://justiceservices.gov.mt/DownloadDocument.aspx?app=lp&itemid=29080&l=1
Innovation Technology Arrangements and Services Act 2018
http://justiceservices.gov.mt/DownloadDocument.aspx?app=lp&itemid=29078&l=1
Virtual Financial Assets Act 2018
http://justiceservices.gov.mt/DownloadDocument.aspx?app=lp&itemid=29079&l=1
Local opportunities and Benefits
Youstartit — Mita
€30,000 pre seed, equity free accelerator run at Mita Innovation Hub
Investment Aid tax credits
https://www.maltaenterprise.com/support/investment-aid-tax-credits-2014-2020
Cash injections for start of projects (Repayable grant option (over a max period of 10 years))
https://www.maltaenterprise.com/support/start-finance-2017-2020
Non-repayable grant with a ceiling of up to 100K
https://www.maltaenterprise.com/support/startup-advance
Personal tax for employees earning more than Euro 45K annually
The 15% personal taxation incentive for Highly qualified individuals coming to Malta from abroad.
https://www.maltaenterprise.com/support/qualifying-employment-innovation-and-creativity-personal-tax
Local Government Departments/Acronyms
MDIA: Malta Digital Innovation Authority
MFSA: Malta Financial Services Authority.
MGA: Malta Gaming Authority
MITA: Malta Information Technology Authority
MCA: Malta Communication Authority
IMPORTANT
Please do not contact me to help you connect to the Maltese Government or to connect you to funding opportunities. All government departments mentioned above have a very nimble and open door policy, if you want to meet them contact them and they will meet you!
All the preliminary information you need should be provided in the links above.
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