Investment Services Act (Cap. 370), article 30

30. (1) Expatriate officers and employees of any licence holder and the licence holder sha ll be exempt from the provisio ns of the Social Security Act , in respect of remuneration paid or attributed to such officers and employees by the licence holder for services rendered exclusively in a managerial capacity or in a function requiring special expertise which is not generally available in Malta. (2) In order to obtain the exemption provided for by sub-article (1), the licence holder shall a pply to the Department for Socia l Security identifying the officers and employees concerned toget her with such proof as the department may require that the conditio ns of that sub-article are satisfied. (3) Personal belongings and effects of an expatriate officer or employee of a licence holder impor ted by him into Malta, not la ter than six months from his first taking up residence, shall be ex empt from customs duty: INVESTMENT SERVICES [CAP. 370. 71 Provided that duty shall become payable on anything imported free of duty and subsequently sold, assigned or otherw ise transferred to a person resident in Malta. (4) Furniture, equipment and other material required by a licence holder and imported into Malta for its own use and purp ose shall be exempt from customs duty: Provided that duty shall become payable on anything imported free of duty and subsequently sold, assigned or otherw ise transferred to a person resident in Malta. (5) For the purposes of this article, "expatriate" means an individual who is not a national of Malta, who has been posted to Malta from abroad or recruited di rectly from abroad in order to be employed by a licence holder, whose mission in Malta is of a temporary nature and who has maintained the centre of his economic interests outside Malta. Continuance of foreign body corporate. Substituted by: XVII. 2002.153.