t: +356.2165.4567 | e: info@prturner.com.mt

  • Why Malta?

    Malta has been placed amongst the top knowledge economies in the world, offering one of the most progressive environments for remote gaming, IT and e-Business activities!
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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members. 

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Yacht & Shipping Services.

    All types of vessels can be registered under the Maltese Flag whilst benefiting from attractive fiscal inscentives.

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Trust & Fiduciary.

    Preservation of wealth, protection of family members, anonymity and confidentiality are all benefits of having a trust structure.

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Residency.

    Malta is becoming a very popular destination due to our stable economy, all year round good weather, general safety and feel-good factor!

    Find out more...
     

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Company Formations.

    Setting up a company in Malta provides numerous benefits for foreign clients, mainly through the Maltese beneficial tax legislation. Our corporate services are delivered through the highest standards of quality.
    Find out more...

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • TAXATION.

    We provide guidance to the taxpayer throughout his business activities both locally and internationally. 

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

Sale of Business Concerns

When an entrepreneur decides to sell his business concern, he would definitely need sound advice on tax and other implications such transfers imply. We offer advice both on relative procedural issues as well as on the due diligence requirements of the transferees.

An important issue to consider when effecting transfers is the importance of contacting the bankers of the entity and advising them of the changes in ownership.  Again, in this exercise due diligence procedures are of the essence. Part of our expertise is contacting and liaising with the banks and submitting to them the necessary documentation in order to satisfy their due diligence requirements.  

A transfer of a business concern can occur in a number of situations, like: -

  • When the assets of a business concern are transferred to another person, and the existing business ceases to trade;

  • When the existing owner dies or retires from business, and the business assets are taken over by another person;

  • When only part of the business concern is transferred;

  • When the assets are transferred from one person to a new legal entity-for example a sole proprietor may decide to register a company and transfer his business therein.