This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

As of 3 March 2020, the Maltese Companies Act, contemplates the possibility of setting-up cell companies within the areas of maritime and aviation. Such an amendment is a revolution in an industry, such as the shipping one, based on asset ring fencing via multiple single-ship companies; thus allowing ship operators and aviation players the possibility to achieve higher efficiencies in terms of corporate and tax governance. L.N. 248 of 2020 Companies Act (Shipping and Aviation Cell Companies) Regulations, 2020 introduced the possibility of those engaged in the shipping or aviation business to set up a cell company provides for segregating and protecting the cellular assets of the company including segregated accounts, compartments or units.

Target Audience:

The session is aimed for accounting / legal professionals, university students, people interested in shipping and aviation.

Learning Outcomes:

By the end of the course attendees will get an understanding of L.N. 248/2020 governing the introduction of Cell Companies concept within the shipping and aviation industry.

Prerequisites:

Basic Accounting, Legal and Company Law knowledge.

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 2 hours of Structured CPE which can be classified as Professional Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Paul Pace Ross, Director, Tax & Corporate Services, KPMG in Malta

Paul is a Certified Public Accountant specialising in international corporate tax. Paul joined KPMG in 2002 after completing the B. Accty (Hons) degree at the University of Malta. Paul also holds a Masters in Financial Services from the University of Malta. After a span of two years in Accounting Support Services, Paul moved to Tax Services and over the years lead numerous cross border engagements. He now leads a multi-disciplinary team of professionals advising clients on the tax implications of corporate restructuring, mergers, continuations, exit strategies and other reorganisation projects. He is also a senior member of the corporate services team which provides compliance services including income tax, company law compliance and payroll services. Besides presenting at several local tax related seminars, Paul has delivered presentations about Malta’s competitiveness in several European countries.

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