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Malta Private Trust Company

Your own Private Trust Company for Family Trusts
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Summary

The Malta Private Trust Company (PTC) is a privately owned corporate trustee. A private trust company (PTC) is established to serve as a trustee for a particular trust or a group of related trusts.

country highlights
  • Applicable Law: Trusts & Trustees Act
  • Official Languages: Maltese, English
  • Regulator: Malta Financial Services Authority (MFSA), sole regulator of Maltese Private Trust Companies
  • European Union: Full Member of the EU & Eurozone
  • Legal Framework: Dynamic & Detailed
  • Currency: Euro (€)
  • Regulatory Environment: Sound, compliant with international standards
benefits

Benefits of a Malta Private Trust Company

The process is simpler than the setting up of a professional trustee entity and offers effective family control over both the Private Trust Company (PTC) and the family trusts under its administration. The structure also helps reduce annual administrative costs and involves a straightforward registration process. Additionally, it provides a simple and efficient mechanism for changing trustees when needed.

legal basis

Legal Basis

In Malta, a Private Trust Company (PTC) is established as a limited liability company and is used solely to act as trustee for one or more family trusts. This structure offers families a flexible, private, and cost-effective solution for managing their wealth.

The creation of PTCs in Malta was made possible through:

A Malta PTC is typically set up by or on behalf of a family to manage trusts created for the benefit of current and future family members and dependants.

ELIGIBILITY

Malta Private Trust Company Requirements

To set up a Private Trust Company (PTC) in Malta, certain legal and regulatory requirements must be met under Maltese law and MFSA (Malta Financial Services Authority) guidelines.

  • The PTC must be a Malta-based limited liability company.
  • It must have at least three directors, who:
    • Are individuals of good reputation
    • At least one director must have experience in trusts, finance, or corporate governance.
  • The PTC must have appropriate insurance cover to match the nature and scale of its activities.
  • It must only act as trustee for family trusts (not for the public or unrelated third parties).
PROCESS & TIMELINE

Malta Private Trust Company Process

The setup can be completed in 6 to 8 weeks, depending on the structure and how quickly the required documents are submitted making it a streamlined and efficient solution for families seeking control and flexibility.

  1. Initial  Planning & Structuring
       
    • Define objectives, confirm eligibility, and gather KYC documents
  2. Preparation & Submission
       
    • Submit the necessary documents to the Malta Financial Services Authority (MFSA) including trust deed and other legal documents for approval.
  3. Review and Approval
       
    • MFSA reviews the submitted documents and addresses any queries or requests for additional information from the MFSA.
    •  
    • Obtain approval from the MFSA.
  4.  
  5. PTC Incorporation
       
    • Incorporate the Private Trust Company as a limited liability company.
    •  
    • Register the PTC with other relevant authorities.
  6.  
  7. Trust Setup
       
    • Set up the family trust/s with the PTC as the trustee and transfer the assets to the family trust.
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