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Malta Family Trusts

Trusts - Protecting Assets for Generations
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Summary

Malta trusts are effective estate & succession planning tools. Malta trusts law is based on Anglo-Saxon legal heritage as a Malta trust jurisdiction.

Malta enjoys a stable political climate and a bi-partisanpolitical scene that is largely convergent on issuesof national and economic importance. The country’seconomy is considered to be one of the best performersin the EU, maintaining growth during the financial crisis.In 2015, Malta experienced a 6.3% GDP growth whilstunemployment was down to 5.4%. Malta has been amember of the EU since 2004 and of the Schengen Areasince 2007.Malta is a civil law country which has adopted trusts in itslegislation and allows for the creation of domestic trusts.Trusts have, among other things, become very flexibleand efficient vehicles for asset protection and assetmanagement in Malta

country highlights

SECTOR REGULATION:Supervised & licensed by the MaltaFinancial Services Authority(MFSA) APPLICABLE LAWS:Private International Law andthe Hague Convention on thelaw applicable to Trusts LEGISLATION:Transparent, Detailed LANGUAGE:Maltese, English TIME ZONE:Central European Time Zone(UTC+01:00) EUROPEAN UNION:Member of the EU &Eurozone CURRENCY:Euro € WORKFORCE:Well qualified, English speaking

benefits
  • Fast 3 days process; Fully Confidential & Flexible; 
  • No Registrations & flexibility in terms of trust deed;
  • EU authorisation; 
  • Trustees authorised by the MFSA; Trust Mobility; 
  • Trust is able to be re-domiciled to another jurisdiction;
  • Certainty & Security; 
  • Malta’s own domestic trust law;
  • Planning for Generations; 
  • Efficient distribution of assets.
legal basis

Today Malta’s trusts and estates law allows for thebeneficial, yet secure, protection of a person’s wealth andproperty. The setting up of trusts in Malta is regulatedby the Trusts and Trustees Act. The Act also provides forthe appointment of the Malta Financial Services Authority(MFSA) as the authority in charge of the authorisation andsupervision of trustees. The Act also incorporates theprovisions of the Hague Convention on the Law Applicableto Trusts and on their Recognition as ratified.

ELIGIBILITY
  • Trust Settlement in shares, stocks, bonds, units, bank accounts, immovable property, bank accounts, intellectual property and art;
  • Malta authorized Trustee;
  • Settlor;
  • Named Beneficiaries or Group of Beneficiaries;
  • Optional Appointment of a Protector.
PROCESS & TIMELINE
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