Written by Last Updated on November 15, 2024
The Malta Business Registry (MBR) hereby informs that as from 1st of November, companies are to submit their annual accounts only via MBR’s online system, BAROS (Business Automation Registry Online System). This change aims to enhance MBR’s service delivery, reduce processing times, and provide a more environmentally friendly approach.
This marks another step forward in MBR’s ongoing commitment and vision to becoming fully paperless by 2025. Most notably, this initiative aligns with MBR’s mission to understand and address the needs of the industry and practitioners, following consultations with stakeholders affected by the transition.
In light of this development, MBR’s CEO and Registrar, Dr. Geraldine Spiteri Lucas, highlighted that since the introduction of BAROS, practitioners have embraced new digital practices. This has prompted MBR to further explore automated solutions aimed at simplifying business processes.
“The ability to submit company annual accounts online is one of the most anticipated measures requested by the industry, and MBR has delivered on this demand. The annual accounts online filing is part and parcel of businesses’ legal obligations that must adhere to. This new digital initiative shall ease the work to practitioners and directors who must ensure that documents are submitted in a timely manner, save time and money for companies and get access to additional online services. We look forward to continue exploring new digital solutions to enhance our clients’ experience and services,” stated Dr. Spiteri Lucas.
To assist you with this transition, detailed instructions and support resources can be found on the following link: Annual Accounts FAQs
In addition to this, the MBR will also deliver a training session to all Auditors and Accountants at the end of October. Further details will follow soon.
For any inquiries, you can email online.accounts@mbr.mt.