WORLD TRADE
ORGANIZATIONS/DCS/W/MLT
24 January 2003
(03-0482)
Trade in Services Original:  English
MALTA
Draft consolidated Schedule of Specific Commitments1
Attached is a draft consolidated version of the Schedule of Specific Commitments of Malta in
word format.  This document  does not substitute for the legally binding commitments undertaken by
Malta in its Schedule of Specific Commitments (GATS/SC/54; GATS/SC/54/Suppl.1)
Attached to the draft consolidated schedule is Malta's Article II (MFN) Exemption List
(GATS/EL/54) in word format.
The draft consolidated version of the Schedule and the MFN Exemption List were prepared
by the Secretariat, at the request of Members, to facilitate the process of negotiations, including the
presentation of initial offers.
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1 This document has been prepared, in English only,  under the Secretariat's own responsibility and without
prejudice to the positions of Members and to their rights and obligations under the WTO.S/DCS/W/MLT
Page 2 Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
I. HORIZONTAL COMMITMENTS
ALL SECTORS
INCLUDED IN THISSCHEDULE
3) In terms of the Section 17 of the Exchange
Control Act, non-residents of Malta, wishing
to supply any service through CommercialPresence in Malta, may do so only byregistering a local company with the priorpermission of the Central Bank of Malta3) Companies with the participation of non-
resident legal or natural persons require a
minimum share capital of Maltese Liri 10,000of which 50% has to be paid up
The non-resident percentage of the equity is to
be paid for with funds emanating from abroad
4) The requirements of Maltese legislation and
regulations regarding entry, stay, acquisitionof real property, work and social securitymeasures shall continue to apply, includingregulations concerning period of stay,
minimum wages as well as collective wage
agreements.  Entry, work and residencepermits are granted at the discretion of theGovernment of Malta.S/DCS/W/MLT
Page 3Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
II. SECTOR SPECIFIC COMMITMENTS
7.  FINANCIAL SERVICES
1. For mode 3) commitments, under exchange control legislation non-residents wishing to supply any services through the registra tion of a local company may do so with
the prior permission of the Central Bank of Malta.  Companies with the participation of non-residents legal or natural persons require a minimum share capital of
10,000 Maltese Liri of which 50% has to be paid up.  The non-resident percentage share of the equity is to be paid for with fun ds emanating from abroad.  Companies
with non-resident participation must apply for a permit from the Ministry of Finance to acquire premises under the appropriate legislation.
2. For mode 4) commitments, the requirements of Maltese legislation and regulations regarding entry, stay, acquisition of real p roperty, work and social security measures
shall continue to apply, including regulations concerning period of stay, minimum wages as well as collective wage agreements.  Entry, work and residence permits are
granted at the discretion of the Government of Malta.
3. For modes 1) and 2) commitments, exchange control legislation allows a resident to transfer abroad annually for portfolio inv estment up to Lm 5,000.  Amounts in
excess of Lm 5,000 are subject to exchange control permission.
4. Residents may borrow from overseas without the need to obtain exchange control approval if the borrowing is for a period exce eding three years.  Such borrowings
have however to be registered with the Central Bank.
A. Insurance Services
(a) Life, accident and health
insurance services
(b) Non-life insurance services
including fire, marine,transport and aviation,motor vehicle
(c) Reinsurance and
retrocession1) No limitation on marine, aviation and
transport insurance and reinsurance.
2) None
3) May be made subject to economic needs test.4) Unbound, except as indicated in horizontal
section.1) None
2) None
3) None4) Unbound, except as indicated in horizontal
section.
(d) Services auxiliary to
insurance includingbrokerage and agencyservices1) Unbound except for brokerage
2) Unbound3) May be made subject to economic needs test.4) Unbound, except as indicated in horizontal
section.1) Unbound
2) Unbound3) None4) Unbound, except as indicated in horizontal
section.S/DCS/W/MLT
Page 4Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
B. Banking and Other
Financial Services
(a) Acceptance of deposits and
other repayable funds fromthe public
(b) Lending of all types,
including, inter alia,consumer credit, mortgagecredit, factoring andfinancing of commercialtransactions1) None
2) None3) Foreign-owned credit and other financial
institutions may operate either in the form of a
branch or a local subsidiary.  Authorization
may be made subject to economic needs test.
4) Unbound, except as indicated in horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in horizontal
section.
l. Provision and transfer of
financial information, andfinancial data processingand related software byproviders of other financial
services1) Unbound, except for the provision of financial
information by international providers.
2) Unbound, except for the provision of financial
information by international providers.
3) Unbound
4) Unbound, except as indicated in horizontal
section.1) Unbound, except for the provision of financial
information by international providers.
2) Unbound, except for the provision of financial
information by international providers.
3) None
4) Unbound, except as indicated in horizontal
section.
9. TOURISM AND TRAVEL
RELATED SERVICES
Travel Agency, TourOperation Services andHotel Operation Services(CPC 7471, 641-643)1) Unbound
2) None3) None other than the limitations indicated in
horizontal measures
4) Unbound1) Unbound
2) None3) None
4) NoneS/DCS/W/MLT
Page 5Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
11. TRANSPORT SERVICES
A. Maritime Transport
Services
Passenger and Freight
(CPC 7211 and 7212, less
cabotage transport)1) None
2) None3) None except those indicated in the horizontal
measures
4) Unbound1) None
2) None3) None
4) None
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Page 6MALTA – FINAL LIST OF ARTICLE II (MFN) EXEMPTIONS
Sector or SubsectorDescription of measure
indicating its inconsistency
with Article IICountries to which the
measure appliesIntended durationConditions creating  the need for
the exemption
All sectors Preferential treatment in the
granting of licences and permits
to provide services in or toMalta may be given to residentsof Member States of theEuropean UnionEuropean Union countries Indefinite To ease the process of the integration
of the economy of Malta with those
of the Member States of the EuropeanUnion
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