“Malta’s attractiveness as a domicile lies in its competitive advantage on cost as well as a regulator that is open to new strategies and approachable by fund managers who are just starting out" - Margie Lindsay, Executive Editor at Hedge Funds Review.
Malta is well-known for its stable European economy and highly competitive, cost efficient regulatory features. This coupled with its central location and multi-lingual, professional workforce, has contributed greatly to the country’s continued success, with financial services becoming one of our world-class export industries, registering impressive year-on-year growth.
All this is evidenced by the steady pace at which Malta continues to move up the Global Financial Centres Index ranking, climbing three places over the past year alone. Furthermore, the island’s banking system is ranked thirteenth worldwide by the World Economic Forum for its soundness, which was built on cautious and solid foundations in the economic environment, as pointed out by Mr Cliff Pace of the Malta Stock Exchange.
Favourable taxation is key in attracting investors to Malta, having a favourable scheme for both investment funds domiciled in Malta and their investors, be them residents or otherwise.There is no capital gains tax or income tax payable in Malta for all investment schemes, except those falling under the Savings Directive, such as UCITS. Furthermore, Malta is now party to double taxation treaties with 70 jurisdictions, including many of the world’s high-growth markets and other major financial centres such as Hong Kong, Singapore and Switzerland.