Since it’s accession to the EU in 2004 Malta has cemented its reputation as a leading European financial centre which provides high regulatory standards with rigorous enforcement, with a welcoming and commercially savvy business attitude. The country also offers a range of financial and fiscal incentives to businesses that choose to set up operations in Malta and therefore contribute to its expanding economy.
Malta has seen an influx of large, multinational businesses setting up including insurance captives, hedge funds, investment service providers, private banks, credit institutions and Forex operators, and the island is rightly seen as having a sound and sophisticated financial system which is capable of supporting such ventures.
Other factors that contribute to Malta’s popularity include the English-speaking workforce, convenient and central geographical location, low set-up and operational costs and an attractive fiscal base whilst still maintaining European standards of compliance. It is a prime jurisdiction for setting up a base in order to serve as a platform for tapping into the North African, Middle Eastern and European markets.
Fenech Farrugia Fiott provides clients with access to their team of multi-disciplinary lawyers, accountants and tax specialists who offer an unrivaled depth of experience from working with some of the country’s top firms, companies, and government departments. The firm’s specialist expertise in the financial services sector enables us to provide results-driven advice to a wide range of companies and entities to help them solve their most challenging business issues. Services offered include banking and finance, insurance and reinsurance, investment funds, pensions, trusts and foundations, and taxation.
FFF Legal’s familiarity and experience with the local industry, regulatory procedures and the more complex nuances of the financial market has allowed us to position ourselves as go-to advisers for operators who require a high quality, efficient, one-stop shop service for their financial service’s needs.
To find out more, please contact Dr Denia Ellul.