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2007-12-07
Malta to join Schengen in December

2007-05-13
New partners admitted to MGI Malta (PDF)

2007-02-02
Welcome to the 16th best place in the world (PDF)

2007-02-01
Times of Malta about Will Kintish (PDF)

2007-01-15
E-gaming legal milestone

2006-12-19
MGI organizes semnar with Will Kintish

2006.10.19
Budget 2007 highlights

2006.10.01
First IFRS diploma in Malta goes to MGI associates

2006.06.16
MGI Malta partner participates in drafting an Option Statement to the EU Commission

2006.06.13
HSBC Bank Malta partners with MGI

2006.06.13
CHAMP CAR RACE in Malta?

2006.04.12
Malta Recognises eCOGRA Standards and Testing

2006.04.22
Online Gaming Operations from Malta - updated

2006.02.13
MGI Malta director specialises in corporate finance

2006.01.24
MGI top managent development

The partners at MGI Malta together with their Business Development Manager had recently two half days of top management team development facilitated by Mr. Björn Hansson, a Swedish psychologist and MBA specializing in Industrial and Organizational Psychology.

Mr. Hansson normally helps large organizations in Scandinavia with coaching, team building, recruitment and assessment centres. Amongst the companies utilising his services, one finds Volvo, Ericsson, Skanska and Boston Consulting Group.

He offered MGI Malta an assessment of the top management team by using the Myers-Briggs Type Indicator ® (MBTI) to highlight how communication, team building, leadership, change, conflicts and stress is currently handled and how one can improve on the existing systems.

By mapping out the similarities and differences between the three partners, MGI Malta will be able to develop better communication techniques between the partners, thus optimising their various strengths which in turn helps to enhance the firm's leadership qualities and the service provided to their clients.

Mr. Hansson is a regular visitor to our island, and MGI Malta hopes to be able to re-utilise his services in the near future to assess also the other associates within the firm.

MGI Malta helps national and international clients with Corporate Finance, Accounting, Audit & Assurance, Taxation, Statutory Compliance and Management Advisory. See picture

2006.01.07 - MGI goes wireless

In the strive for excellence in our client relationships MGI Malta has embraced a wireless lifestyle. Equipped with the latest smart phones - quad-band GSM, Wi-Fi, wireless email and a host of other hot features - we will now be able to respond even faster to our clients wherever we are around the globe.

06.01.03 - Doing business in Malta 2006

A freshly updated version of MGI's popular booklet "Doing business in Malta" is now available. Many MGI partner have developed this guide for their home countries and all of the can be found here.

December 2005

05.12.20 - Malta - your partner in film production

What do actors like Madonna, Russell Crowe, Brad Pitt and Richard Harris have in common? They all have sampled the excellent filming opportunities that Malta offers for any type of film production, this being a large budget film like Gladiator or a short 30 second commercial. Read the full article about how MGI can help you by

November 2005

Budget 2006 Highlights

PDF | HTML

August 2005

05.08.09 - Mingle with the National Audit Office

At a recent gathering organized by the National Audit Office at SAS Radisson, MGI Malta represented by Mr. Franco Azzopardi (Lead Partner) and Mr. Christian Vella (Head Local Council Audits), met with Mayors and Councilors as well as the Auditor General Mr. Joe Galea, the Deputy AG Mr. Paul Borg and Mr. Albert Mifsud who is a consultant with the NAO. MGI Malta has been collaborating with the NAO for more than a decade on the auditing of local councils. See Pictures

05.08.01 - Increasing the invisible assets

Franco Falzon, senior accountant at the firm, is moving on to take a Master's Degree in Internatinal Tax Law at the university of Vienna, Austria. MGI Malta would like to thank him for his time and valuable contribution and wishes him good luck with the degree, despite the fact that luck is nothing Mr. Falzon needs to succeed.

July 2005

05.07.27 - New address same location

Due to changing street numbers in Fgura our number has changed from 351 to 381. The location is unchanged. The new full address is as follows:

MGI Malta
381/7 Zabbar Road
Fgura PLA16
Malta

05.07.20 - Late Payment Directive

Legal Notice 233 of 2005 will come into force in Malta as from July 1st 2005. Basically this directive will now guarantee interest on trading debts that are not settled within the agreed time frame. Previously, if a trader wanted to be compensated for late receipt of amounts due to him, he had to resort to court action, unless such interest was included in the trade contract. See full article.

January 2005

05.01.11 - Government of Malta praises MGI Malta for its IT Systems Audit work.

MGI Malta was in March 2004 entrusted to perform INFORMATION TECHNOLOGY SYSTEMS AUDITS covering all government ministries. After the firm finished a considerable part of the project, the The Ministry for Family and Social Solidarity showed their appreciation by saying "the thorough audit exercise and detailed reports...will surely help us in enhancing SABS both with regards to accrual accounting as well as to offer a better service to citizens."

November 2004

04.11.25 - Budget 2005

The following document contains a synopsis of the budget speech presented by the Prime Minister in his position as Minister of Finance on 24th November, 2004. Please note that at the time of writing, certain measures announced in the speech are yet to be clarified and specific rules have to be published. Therefore the following write up may need to be revised once the exact details are known.

Download Budget Speech synopsis (PDF, 78K).

For the full version of the Budget Speech, click here.

04.11.12 - Franco Azzopardi takes the plenary session of the Biennial Conference of the Malta Institute of Accountants

The Malta Institute of Accountants held its Biennial conference on the 11th and 12th November at the Radisson Hotel in St Julians. The conference was branded "Strengthening public confidence..." and revolved round the changes going on in the regulatory environment and how the profession is reacting to such changes. The speakers taking the floor were various and included high profile professionals from the Big 4 firms both local and foreign, the Dean of the University of Malta Professor Daniel Darmanin, Ms Heather Briers Director of Quality Assurance at the Institute of Chartered Accountants of Ireland and the Hon Mr Tonio Fenech, Parliamentary Secretary in the Ministry of Finance.

Franco Azzopardi, one of the partners and directors of MGI Malta was honoured with an invitation to address the conference with a presentation about the small practice view of the regulatory environment. Franco, who is currently specialising in Professional Service Firms as part of his Master of Science degree in Finance, tackled the topic at the conference from the perspective of how reactive and capable small firms are to adapt to change and to specialise. After the plenary session, the President of the Institute, Mr Tonio Zarb, asked Franco once more to join in a roundtable discussion with questions and discussion topics being asked from the floor. The table consisted of the President, Ms Heather Briers, Mr Mario Galea who is the Managing Partner of Ernst and Young, Mr Steve Cachia who is a partner with Deloitte and Mr Fredrick Mifsud Bonnici and Mr John Zarb who are partners at PWC.

Download the presentation (PDF, 928K).

September 2004

04.09.13 - Confidence shown in MGI Malta by the National Audit Office (Malta)

MGI Malta has once again been awarded the statutory audits of twelve of the largest Local Councils in Malta by the National Audit Office. MGI Malta is now in its eleventh year working closely with the National Audit Office. “It has been a continuous challenge for MGI to meet the highest demands of the Audit Office which is a transformed organization of the highest caliber. That said, we are staunch believers in success and in quality, and therefore it is always a pleasure and an inspiration doing business with the team at the National Audit Office” - Mr Franco Azzopardi of MGI reported. Read more

July 2004

04.07.12 - George Farrugia gives speech in Brussels about the success of MGI Malta

MGI Malta partner George Farrugia was in Brussels between the 16th and 20th June 2004 taking part in the annual European Area Meeting of MGI held in Europe’s capital.

Mr .Farrugia was responsible for one of the presentations entitled REALISING OUR POTENTIAL which dealt with the substantial, and effective efforts that the Malta office has been making during these last three years to reposition the firm in Malta. Read more

June 2004

04.06.14 - Investment Restrictions Lifted

Legal Notice 178 of 2004 lifted all restrictions previously imposed on non-Malta residents to carry on business in Malta.

Under the new provisions, all residents of EEA ( i.e. Eu countries, Norway, Iceland and Liechtenstein) can now purchase any amount of shareholding in Malta registered companies which trade either in Malta or overseas.

Previously such shareholding was conditional on such companies staying out of certain industries, example retail, property development etc.

Non-EEA residents remain subject to certain restrictions. However the procedures for the approval of applications from such Non-EEA applicant, have been simplified and the conditions made less restrictive.

It should be noted that the registration of a company and the issue to the company of the Certificate of Registration is without prejudice to and does not exempt the company from its obligation to obtain any other trading licence, permit or authorisation as may be required from time to time under the laws of Malta.

For further details one can refer to Legal Notice 178/2004 – (Revocation of Restrictions Regulations – 2004) which came into effect on 19th April, 2004

May 2004

04.05.28 - Franco Azzopardi invited to give speech about professional indemnity

Franco Azzopardi, partner and director of MGI Malta was on Friday invited to give a speech about professional indemnity for the Malta Federation of Professional Associations, a “centre in Malta where the various professions can meet and through various activities create the climate necessary for the development of an inter-disciplinary approach to their work”. “Rather than looking at professional indemnity as a statutory obligation, an important approach is recognizing risk management as an integral part of any business activity and then using PI as a risk hedging instrument”, says Franco Azzopardi.

Get the PowerPonit presentation (3.3MB). Learn more about Professional Indemnity.

April 2004

04.03.30 - MGI Malta awarded major IT systems audit covering all government ministries

MGI Malta have recently been awarded one of their largest contracts to date. MITTS Limited, the government owned company entrusted with all Information Technology assignments by the Malta Government, has entrusted to MGI an INFORMATION TECHNOLOGY SYSTEMS AUDITS covering
all government ministries .

The aim of the IT systems audit is to review and report on current accounting procedures within the Malta Government departments to ascertain their current compliance level to the Accruals Accounting Concepts and Government Accounting Standards(MGAS). This assignment is in line with Government's own declarations that Malta should fall in line with our European partners on Government Reporting format at the earliest opportunity."