Episode 24 | The Family Business Act Unpacked

In this episode of Law Booth, Maria DeBono, Senior Associate, and Jake Desira, Associate, from the Firm’s Corporate & Commercial Department, together with Rebecca Diacono, Partner within the Tax & Immigration Law Department, take a deep dive into Malta’s Family Business Act.They unpack what it truly means to register as a family business, outline the eligibility and ongoing compliance requirements, and discuss the practical realities faced by family‑owned enterprises. Against the backdrop of the Great Wealth Transfer - the largest intergenerational shift of assets in modern history - the episode explores how proper structuring, governance, and registration can play a critical role in ensuring smooth succession and long‑term continuity.The discussion also highlights the incentives and benefits available to registered family businesses, offering valuable insight for those considering registration or seeking to strengthen their succession strategy ahead of the expected transfer of wealth.