Malta's efforts to develop itself as an onshore domicile
have paid off as it is now recognized as an efficient and well
regulated jurisdiction with a sound legal system. The underlying
theme has long been stability and the availability of well trained
staff. However, as the financial services and gaming industries,
among others, began to thrive in recent years it became apparent
that a significant need for additional, highly qualified workers
developed.
It is for this reason that Legal Notice 106, Highly Qualified
Persons Rules, 2011 (as amended) was introduced last September. Its
scope is to attract highly qualified persons to occupy certain
positions described as "eligible office" within companies
licensed and/or recognized by the relevant Competent Authority that
is, the Malta Financial Services Authority (MFSA) and/or the
Lotteries and Gaming Authority (LGA). The HQP Rules apply to income
which is brought to charge in year of assessment 2011 (basis year
2010) and
