Malta taken off the FATF Greylist

Malta was voted off the Financial Action Task Force grey list on Friday. Much-awaited news that restores trust in the Maltese jurisdiction. A lot has been achieved in a short span of time particularly in relation to the FATF Action Plan which introduced new means of doing things that provide businesses with peace of mind…

The MBR’s connection to the Beneficial Ownership Registers Interconnection System (BORIS) signals a complete readiness to share data from its fully populated Beneficial Owners Register on an EU level

Malta, through the Malta Business Registry (MBR), has become amongst the very first EU Member States, together with only two other jurisdictions (as at 08 June 2022), that have connected successfully to the BORIS. The latter is a decentralised system interconnecting the central national BO registers and the European e-Justice Portal through the European Central…

Malta Business Registry becomes a member of the Corporate Registers Forum 

The Malta Business Registry has officially become a member of the Corporate Registers Forum, an association of international corporate registries.  The aim of the Corporate Registers Forum is to provide members with the opportunity to keep abreast with the latest developments in corporate business registers internationally as well as it serves as a platform to…

Legislative amendments introduced by Act LX of 2021

(For Maltese version please scroll down) Act LX of 2021 introduces various amendments to the Companies Act (Chapter 386 of the Laws of Malta) hereinafter referred to as ‘the Act’. The following amendments came into effect on 30th October 2021 by virtue of Legal Notice 417 of 2021: The transposition of Directive (EU) 2019/1151 of…

Notice on the Filing Procedure Applicable to Annual Financial Reports under the European Single Electronic Format

In terms of the applicable regulation on the European Single Electronic Format (“ESEF”)[1] issuers must prepare Annual Financial Reports (“AFRs”) containing financial statements for financial years beginning on or after 01 January 2021 in a single electronic reporting format. This Notice being issued by the Malta Business Registry (“MBR”) should be read in conjunction with…

Cheques and Bank Drafts & Cash-Based Transactions Policy

The Directive No 19 on the use of cheques and bank drafts in terms of the CENTRAL BANK OF MALTA ACT (Cap. 204) seeks to ensure the safe and effective use of cheques and bank drafts, referred to as ‘paper-based instruments’, to reduce the legal and operational risks associated with these payment instruments. It is…

Documents Delivered to the Registrar

The Malta Business Registry would like to remind the public that the Registrar of Companies (the “Registrar”) is accepting documentation in electronic form. All documentation that is required to be submitted to the Registrar in accordance with Maltese company law procedures, may be validly submitted electronically by making use from one of the following methods:…

Enhancing communication between Businesses and MBR

Today, The Malta Business Registry in collaboration with The Malta Chamber held a conference as part of SME Week 2021 under the auspices of the Ministry of the Economy and Industry entitled ‘Meeting Compliance Requirements’. The CEO and Registrar, Dr Geraldine Spiteri Lucas, said that the MBR’s mission is to provide businesses with peace of…