News & Views

Bloomberg Report focuses on Malta Fund Industry Success

20 January 2012

There is no doubt that 2011 proved to be a hot year for the Malta Funds Industry which boasted an overall increase of 36% in locally domiciled funds with a healthy 18% increase over UCITS licences and an impressive 42% increase in PIF's. There has also been a substantial increase in the number of non-domiciled funds serviced by Malta-based fund...

Malta/Bahamas TIEA Signed

19 January 2012

Following the Tax Information Exchange Agreement signed with Bermuda in November, more recently another agreement was signed with The Bahamas. Like other agreements of this nature, this will promote cooperation between the two countries through the exchange of information. The High Commissioner of Malta in London, Joseph Zammit Tabona signed on...

Malta’s Finance Centre in Good Shape

17 January 2012

Malta's efforts to establish itself as a dynamic, cost-efficient, financial services domicile are paying dividends. Each of the island's financial services sectors performed well in 2011. In an end-of-year statement, FinanceMalta's Chairman, Kenneth Farrugia said that: "The growth of the [financial services] sector speaks for itself... 15 years...

Malta is Best-known Fund Domicile in the Med

01 January 2012

One hundred survey respondents recently confirmed Malta's standing within the Funds Services industry with Fund Managers interviewed rating Malta second only to Guernsey in terms of satisfaction in their choice of domicile, and in the standard of servicing. The survey was carried out globally by International Fund Investment Global (IFI)...

Budget 2012 Highlights

15 December 2011

Parliament has recently announced the 2012 Budget which contains numerous beneficial tax related provisions intended to increase and strengthen foreign direct investment in particular sectors. Copyright Exemption The tax exemption, introduced by means of Legal Notice 429 of 2010, on royalties from qualifying patents has now been extended so as...