GRO Marketing

NFTs (non-fungible tokens) have come a long way since they were first introduced back in 2014. In 2018, the NFT ecosystem began to flourish with over 100 active projects operating on the market. Since then, NFTs have broken away from their original association with the gaming and art markets and other potential market applications are being explored. One such application involves ticketing.

During London Tech Week which was held at Queen Elizabeth II Centre last week, few things generated the sort of excited buzz that Non-Fungible Tokens (NFTs) and their potential did.

Malta has been taken off the Financial Action Task Force (FATF) grey list. This news comes following a vote that was held among 37 jurisdictions as well as the European Commission and the Gulf Co-operation Council, who are recognized members of the FATF.

Tax enforcement pressure has been seen in Malta, with the Ministry of Finance reforming present procedures in order to combat tax evasion.

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Partner Michael Spiteri Bailey, conducted a visit to the Indianapolis (USA) hangars and facilities of Comlux as part of a consolidation exercise that he is conducting for the company.

Recent changes in Malta’s financial regulations have beefed up the powers of the Malta Business Registry in terms of compliance and inspections, and hefty fines are being handed out if documents are found to be missing from company files.

The Nomad Residence Permit (NRP) allows non-EU nationals the right to live in Malta, which is an EU member state. The NRP allows you to enjoy Visa-free travel across the Schengen area, three months out of every six, whilst living in Malta and being employed elsewhere.

Liquidations are an important final chapter of a company’s life. The closure of a company, for whatever reason, must be handled carefully and in observance of a series of regulations and protocols. Any company director who ignores these legal obligations will be subject to penalties and personal liabilities.