GENERAL AGREEMENT GATS/SC/54
15April 1994
ONTRADE INSERVICES (94-1051)
MALTA
Schedule ofSpecific Commitments
(This isauthentic inEnglish only)
____________________MALTA -SCHEDULE OFSPECIFIC COMMITMENTS
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
I. HORIZONTAL COMMITMENTS
Allsectors included inthis
schedule3) Interms oftheSection 17oftheExchange
Control Act,non-residents ofMalta,
wishing tosupply anyservice through
Commercial Presence inMalta, maydoso
onlybyregistering alocal company with
theprior permission oftheCentral Bank of
Malta3) Companies withtheparticipation ofnon-
resident legal ornatural persons require a
minimum share capital ofMaltese Liri
10,000 ofwhich 50% hastobepaidup
Thenon-resident percentage oftheequity
istobepaidforwithfunds emanating from
abroad
4) Therequirements ofMaltese legislation and
regulations regarding entry, stay,
acquisition ofrealproperty, work and
social security measures shall continue to
apply, including regulations concerning
period ofstay, minimum wages aswellas
collective wage agreements. Entry, work
andresidence permits aregranted atthe
discretion oftheGovernent ofMalta.
II SECTOR-SPECIFIC COMMITMENTS
7. FINANCIAL SERVICES
A. Insurance Services
(CPC 812)1) Nolimitations inmarine andaviation
insurance; Professional Liability Marine -
shiprepairers andshipbuilding risks;
Engineering (including Loss ofProfits but
notEngineering Advanced Loss ofProfits);
Motor Liability.1) None
GATS/SC/54
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Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Limitations ontheremaining classes of
insurance shall beliberalized asfollows:
Abrogation Date: 30June 1995
Class/Risk: Accident
Abrogation Date: 31December 1995
Class/Risk: Allremaining areas of
insurance
2) None 2) None
3) Unbound 3) Unbound
4) Unbound 4) Unbound
9. TOURISM AND
TRAVEL RELATED
SERVICES
Travel Agency, Tour
Operation Services and
Hotel Operation Services
(CPC 7471, 641-643)1) Unbound
2) None
3) None other thanthelimitations indicated in
horizontal measures
4) Unbound1) Unbound
2) None
3) None
4) NoneMALTA (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
11. TRANSPORT
SERVICES
A. Maritime Transport
Services -Passenger and
Freight
(CPC 7211 and7212,
lesscabotage transport)1) None
2) None
3) None except those indicated inthe
horizontal measures
4) Unbound1) None
2) None
3) None
4) None
GATS/SC/54
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