The foundation as a tool for better governance and to assist family businesses with succession planning

Family businesses represent a large percentage of Maltese enterprises. However, there are numerous challenges which such businesses face and amongst those challenges are those relating to governance and planning for ownership succession. Family businesses endure if they create robust governing structures and find a balance between the family’s natural attitude to closeness and the business’…

Incentives for Family Businesses

Until the 1st April 2018, an exceptional incentive is available providing that stamp duty at the rate of 1.5% shall be payable by family members transferring gratuitously shares and immovable property used in a family business to other eligible family members. Upon the lapse of this period, the following terms would apply with respect to…