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the involvements in other Maltese companies of the proposed company. We are working on a risk tool, through which, when finalised, every Maltese company will be assigned a risk score.

While many professionals are aware that resources remain a challenge across the board, how is the MBR seeking to improve waiting times and the consistency of information provided throughout?

The new online system is definitely going to help and with the step-by-step approach, common mistakes, like wrong identification document numbers and addresses, will be eliminated. As is the practice with the current system, notifications for annual filings will be sent to all email addresses registered with the MBR for every company. We are also working on an internal restructuring, whereby every desk officer will be specialising in a particular area and every team will have one individual leading it. This will ensure a homogeneous approach at all levels, including company incorporation, dissolution, BOs and all notifications. We are also working on an internal training programme for all staff, in order to ensure that everyone is aware of the latest developments, especially those taking place by means of legislative amendments.

From the perspective of the MBR and its desk officers, what would be a key message you would like to pass on to practitioners?

Whenever additional information is requested, full cooperation is key as this makes the process of registering the document much simpler. This is essential and beneficial for everyone involved, particularly in instances where the practitioner overlooks something, especially when there are complicated transactions. It is crucial for everyone to pull the same rope.

Dr. Spiteri Lucas - Chief Executive Officer and Registrar of the Malta Business Registry. Dr. Spiteri Lucas is a lawyer by profession who acquired a Doctor of Laws from the University of Malta and a warrant to practice in Maltese Courts.

PwC Malta

appointed two new Assurance Directors, Sandra Camilleri and Konrad Borg. These appointments took effect on 1 July 2022.