Jurisdiction
Market Information for
Malta
Our objective is to assist other fund managers dealing with the myriad of regulatory requirements in a number of jurisdictions. Our success comes from helping others achieve success.
Malta
Name of regulatory body: Malta Financial Services Authority.
Depositories:
11
Class A banks.
Double tax treaties:
69
3 signed but not in force.
Tax
Tax exempt on income and capital gains (excluding income from Maltese immovable property) derived by non-prescribed funds (i.e. where the value of assets situated in Malta does not reach 85% or more of the particular sub fund’s assets).
Set-up Time
Time to set up a fund: It can take up to three months for authorization as an AIFM. For Professional Investor Funds (PIFs) targeting experienced investors, the MFSA will review the application within 7 business days from receipt of the application documents.
CIT
CIT 35% However with reliefs, effective tax suffered post-refund and post distribution should result in an effective rate of around 5%.
€2,000
AIFs: Application fee
(€1,000 per sub-fund)
€2,000
AIFs: Ann. supervisory fee
(€600 per sub-fund)
€2,500
EU AIFs: Ann. fee
(€450 per sub-fund)
€3,000
EU AIFs: Ann. supervisory fees:
(€500 per sub-fund (up to 15))