Malta Foundations

SECTOR REGULATION: Malta Financial Services Authority (MFSA) BANKING SYSTEM: 10th soundest system in the world (WEF) APPLICABLE LEGISLATION: Schedule II, Malta Civil Code OFFICIAL LANGUAGES: Maltese, English TIMEZONE: Central European Time Zone (UTC +01:00) EUROPEAN UNION: Member of the EU & Eurozone CURRENCY: Euro € WORK FORCE: Well qualified, English speaking

Separate legal personality; With own liabilites & obligations; Asset Protection; Creation of different patrimony; Suppression of possible probate disputes; Avoidance of splitting of estates; Tax neutral.

Maltese law on Foundations was introduced in April, 2008. Besides the recent implementation of the relative law, Malta enjoys an established jurisprudence on the law of Foundations where the Courts have dealt with foundations set up for public purposes. Historically, a Malta Foundation has been attributed a separate legal personality, and it may be set up by natural or legal persons, whether Maltese residents or nonresidents - irrespective of their domicile.

Malta registered address; Appointment of founder; Appointment of administrator; Assets: minimum endowment of €1,165; Naming of beneficiaries.