ACT Advisory Services Limited's Partners Profile
Stephen is in charge of the Corporate Services Department of the firm and will, together with Elaine Camilleri, head the firm’s tax department. He is the firm’s Compliance Officer and the Money Laundering Reporting Officer.
Stephen was a tax partner of another multi-disciplinary organisation for thirteen years. Stephen is an accountant by profession and has also worked with two of the Big Audit firms for six years. He has, over the past years, assisted a number of international and local clients in their tax compliance requirements and advised them on various cross border issues including the most tax efficient way to set up their structures in Malta.
He has extensive experience in advising clients in the set-up of complex cross-border structures through the use of Maltese limited liability companies. Main areas of interest include tax and international tax planning, capital gains and business development. Apart from his experience in international tax matters, including tax planning, treaty interpretation and advice, he also has a great deal of knowledge on corporate matters, company law, management and administration. He specializes in treaty planning, holding companies and treasury and finance operations. Stephen is a member of The Malta Institute of Taxation (MIT), The Malta Institute of Accountants (MIA), The Institute of Financial Services Practitioners (IFSP), The International Tax Planning Association (ITPA), The Society of Trust and Estate Practitioners (STEP) and The International Fiscal Association (IFA).
He was actively involved in various committees in the fields of taxation and he has, on a number of occasions, lectured on topics related to international tax, both in Malta and overseas. In November 2006, he was invited by the Swedish Institute of Auditors (IREV) to deliver a presentation on international tax issues and on the incentives provided by Maltese fiscal legislation to international investors. Stephen continues to give various lectures and presentations and is the author of various articles on taxation. He is a part time lecturer lecturing tax to ACCA students and also a lecturer with a number of other institutions lecturing on various tax topics such as capital gains, taxation of employment income, duty on documents and transfer pricing amongst others.
Elaine is the partner that leads the firm’s Tax Department together with Stephen Balzan.
After graduating as an accountant from the University of Malta in 2008, Elaine joined the tax department of one of the Big 4 Audit firms for almost three years, during which she gained valuable experience in the field of taxation. She later joined a multi-disciplinary firm where she was the manager, in charge of advising the firm’s clients on both local and international tax issues.
Over the past years, Elaine has assisted a number of international and local clients in their tax compliance requirements and in the setup of complex cross-border structures through the use of Maltese limited liability companies. Apart from her experience in international tax matters, she also has extensive knowledge on corporate matters and on company law. She has also advised a number of foreign direct investors and local enterprises in obtaining incentives from Malta Enterprise.
During 2016, Elaine has attended a course on Trust Law organized by the International Financial Services Practitioners (IFSP) leading to the conferral of the certificate in Trust Law and Management. Later on in 2018, she has successfully achieved the Advanced Diploma in International Taxation (ADIT) accredited by the Chartered Institute of Taxation (CIOT). The overall standard of ADIT is comparable to a postgraduate qualification and has provided Elaine with a robust foundation in international tax.
Apart from her career in the tax field, Elaine sits on the Board of Women Directors in Malta (WDM) where she acts as the Treasurer of such organisation. In 2017, Elaine joined the Council of the Gozo Business Chamber (GBC), where she currently holds the office of a Secretary of the Chamber. Elaine is also a member of the Malta Institute of Accountants (MIA), the Institute of Financial Services Practitioners (IFSP) and the Malta Institute of Taxation (MIT).
During the past years, Elaine has delivered a number of presentations on various topics on taxation and is the writer of various articles on local and international taxation.
Liana is the partner in charge of the firm’s private clients. Her main responsibilities include assisting international clients in relocating to Malta. Her goal is to put them in touch with professional people in order for them to find the right property, the best schooling for their children and the appropriate bankers, amongst others, thus helping to make their relocation as hassle-free as possible. Liana is also in charge of assisting the firm’s non-EU private clients in obtaining their single work permits. She is an active member in a working group set up by the Malta Employers’ Association, of which the firm is a member. The aim of this working group is to discuss, with all relevant government departments, possible solutions for a smoother way forward when it comes to employing third country nationals in Malta.
Apart from residency, Liana also works hand in hand with Stephen, who is the firm’s Accredited Agent with Identity Malta, when it comes to the Malta Individual Investor Programme. This is a local programme aimed at ultra high net worth individuals interested in acquiring Maltese citizenship by investment.
Liana is a University graduate, having a Master’s degree in Arts. Academically, she specializes in languages and in fact speaks six, making her very sought after when it comes to interaction with international clients on the job. Professionally, she has a vast experience in the tourism and hospitality industry which has exposed her both to diverse personnel and to multinational clientele, thus heightening her cultural understanding.
In 2014, Liana attended a Company Law Course, organized by the Institute of Legal Studies (ILS) and in 2015 she attended an Employment Law Course, organized by the Malta Employers’ Association. Early in 2016, Liana also attended a course on Trust Law organized by the International Financial Services Practitioners (IFSP), which has successfully landed her a certificate in Trust Law and Management.
ACT is a multi-disciplinary firm, in which partners have considerable experience in tax, corporate and private client matters in Malta. The firm focuses mainly on tax and corporate matters. It is our ambition to provide the best technical and skill practice advice in the country.
We cover all aspects of tax planning and represent our clients in front of tax authorities. Diligent tax planning is a high priority for any forward-looking company or individual, particular in the context of cross-border transactions and a changing world of transparency, where tax optimization also has to take into account ethical standards. We provide our clients with comprehensive and expert advice on local and cross border matters because we have strong ties with a number of leading international law and tax firms all over the world including excellent contacts to all relevant tax administrations in Malta.
ACT does its utmost to attract and educate different professionals such as lawyers, accountants and tax advisors. Our clients thus derive maximum benefit from our firm’s knowhow in areas such as corporate law, private clients, tax and vat law amongst others.
The strong academic ties of the firm’s partners and its senior team members and networking with all major stake holders in the Maltese tax community assure access to the latest trends and developments in tax law, not only from a Maltese perspective but also from an international one.
Our work includes amongst others:
- Relocations to and from Malta
- Tax advice on restructuring and re-organisations
- Tax planning for high net worth individuals, artists and sportsmen
- Tax planning for executives and highly qualified employees of international companies
- Tax implications on property acquisitions and transfers
- Value Added Tax
For further information about us and how we can help you, please contact one of the firm’s partners or send an email to our general email which is [email protected]. We look forward to hear back from you.
Maltese companies are subject to tax at the rate of 35% on their world wide income and capital gains. Malta grants various fiscal incentives to both companies and their shareholders upon distribution of a dividend. Malta is a membe...Learn More
Setting up a Company
Setting up a company in Malta is a relatively straight forward procedure and can be set up within 2 working days, provided we are in receipt of all the information, funds and due diligence documentation we need. The Act that regulates Malte...Learn More
Taking up Residence
Warm climate, friendly people, excellent communication infrastructures, low criminality and many other features of the Maltese islands have made Malta an excellent destination for people to take up residence in. Moreover low rates of taxati...Learn More
Malta was the first EU Member State to specifically regulate the remote gaming industry in 2004 and has ever since established itself as one of the prime jurisdictions for remote gaming operators. The Malta Gaming Authority (“MGA”) is the regulatory of gaming in Malta. The success o...Learn More
Malta has become a destination of choice for the setting up of Payment Institutions (also referred to as Payment Services Providers or PSPs). A number of advantages has contributed to this success, mainly but not limited to the fiscal incentives granted not only to the payment institutions ...Learn More
Electronic Money Institutions
Malta has recently seen an increase in the number of Electronic Money Institutions (EMIs) looking to set up their operations in Malta. This has been largely due to the growth in the e-commerce and the i-gaming industries. Such EMIs are regulated by the Financial Institutions Act and t...Learn More
Initial Coin Offering (ICO) Services
Malta has always been on the forefront of technology and innovation. In the past months, a number of initiatives have been launched, aimed at establishing an innovative and attractive regulatory framework for entities operating in blockchain (and distributed ledger technologies), virtual cu...Learn More
Prospects – Services of a Corporate Advisor
‘Prospects’ is a new platform set up by the Malta Stock Exchange in line with its commitment to open up new capital market opportunities, create economies of scale and to afford businesses more competitiveness and sustainability. Through ‘Prospects’, SME’s wil...Learn More
Assistance to Family Businesses
Malta has recently introduced legislation to encourage good governance in the management of family businesses, to assist family businesses to operate their business in an efficient way and to assist such family businesses to transfer their business from one generation to the other. Malta is...Learn More