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.

1st place in the timely implementation of Internal Market Rules into national law.
1st place Europe’s favored fund domicile (Hedge Fund Review’s 2013 and 2014, Service Provider Ranking).
1st place in both Online Sophistication and Full Online Availability (European Commission’s 2010 Bench-marking report on eGovernment Services).
3rd out of 144 countries Malta’s ranking for International bandwidth per user (World Economic Forum’s Global Competitiveness Report 2014–2015).
12th soundest Banking Sector (World Economic Forum’s Global Competitiveness Report 2011 – 2012 (142 countries reviewed)).
15th for Soundest Banking Systems in the World (World Economic Forum’s Global Competitiveness Report 2015-2016, 140 countries reviewed).
15th position in Financial Market Development (World Economic Forum’s Global Competitiveness’ Report 2011 – 2012 (142 countries reviewed)).

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))