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Chetcuti Cauchi Advocates, Malta Law Firm: this presentation provides an outline of the law governing investment services providers in Malta, a leading financial services jurisdiction.
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© 2011 - CCMalta.com © 2011 - CCMalta.com
Malta Gateway to Europe for Investment Services Providers
Dr Charles Cassar
Senior Associate
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© 2011 - CCMalta.com © 2011 - CCMalta.com
About the Firm Malta: An Overview The MFSA Investment Services Malta: Jurisdiction of Choice
Overview
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© 2011 - CCMalta.com © 2011 - CCMalta.com
About the Firm
Malta: An Overview
The MFSA
Investment Services
Malta: Jurisdiction of Choice
About the Firm
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© 2011 - CCMalta.com
Multi-disciplinary Accountants Tax Advisors Lawyers Mgt Consultants IT Advisors
Offices Valletta, Malta Nicosia, Cyprus London, UK
About the Firm
Legal
Tax
Corporate
Fiduciary
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© 2011 - CCMalta.com © 2011 - CCMalta.com
About the Firm
Malta Jurisdiction Overview
Malta: An Overview
The Regulatory Approach
Investment Services
Malta: Jurisdiction of Choice
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© 2011 - CCMalta.com
Population: 413,609
Multi-Cultural History Multi-Lingual
Commonwealth Member
Independent since: 1964
EU Member since 2004
Onshore Jurisdiction
OECD and FATF
Compliant
Malta
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An Established Domicile
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Business Environment
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© 2011 - CCMalta.com
A remarkable boom.
A variety of set-ups: Investment advisors Wealth managers FOREX Fund managers Fund Administrators QROPS
The Financial Services Sector
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© 2011 - CCMalta.com © 2011 - CCMalta.com
About the Firm
The MFSA
Malta: An Overview
Investment Services
Malta: Jurisdiction of Choice
The MFSA
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© 2011 - CCMalta.com
Single Regulator
Professional Flexible
Approachable
Responsive
MFSA: The Regulator
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© 2011 - CCMalta.com © 2011 - CCMalta.com
About the Firm
INVESTMENT SERVICES OVERVIEW
Malta: An Overview
The Regulatory Approach
Investment Services
Malta: Jurisdiction of Choice
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© 2011 - CCMalta.com
Legal infrastructure
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Investment Service
Financial Instrument
Licensing Requirement
Investment Services: Licensing
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© 2011 - CCMalta.com
Investment Services: License Categories
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Overview of the Licensing Process
Application submission and regulatory review
Queries / In Principle approval
License
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Substance
Flexibility
Reasonableness
Local Presence
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35% Corporate tax, 6/7ths refund
Fund management and administration: VAT exempt without credit
15% rate for Highly Qualified Persons EUR 75,000 – EUR 5,000,000 Broadly applicable: CEO, CFO, portfolio manager, senior
trader
Benefits for investment services expatriates
Tax treatment of Investment Services Companies
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© 2011 - CCMalta.com © 2011 - CCMalta.com
About the Firm
MALTA: JURISDICTION OF CHOICE
Malta Jurisdiction Overview
The Regulatory Approach
Investment Services Overview
Malta: Jurisdiction of Choice
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© 2011 - CCMalta.com
Cost Effective
EU Jurisdiction
Ideal geographical location and
climate
Reputable Financial Services
Jurisdiction
Skilled and multi-lingual workforce
Malta: Jurisdiction of Choice
MALTA
