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Malta: hedge fund industry gains momentum

Author: Margie Lindsay

Source: Hedge Funds Review | 01 Feb 2010

Categories: Hedge Funds

Topics: MFSA (Malta Financial Services Authority), Custody, Taxation, Auditing, Accounting, Legal services, Fund administration, Malta

maltacover

While other jurisdictions have been contracting, Malta’s fund industry has continued to expand in 2008-09. Now it is determined to build on its success.

www.financemalta.org

Malta supplement 2009-10 (PDF)

Overview While other jurisdictions have been contracting, Malta continues to expand and is determined to build on its success.

Prime minister Malta’s government sees financial services as a key pillar of its economic expansion plans.

Finance minister Malta’s government is firmly behind the development of financial services and hedge funds specifically.

Stock exchange Malta is seeking opportunities in new areas.

Fund profile Domiciling funds in Malta was a logical choice for Atlantik Asset Management.

Fund administration The number and variety of fund administrators established in Malta has significantly increased over the last 18 months.

Custody The island state is keen to attract more banks offering custody services, with one eye on the opportunities offered by Ucits IV.

Setting up a hedge fund Malta’s legislative framework for the fund industry is now seen as a competitive advantage within the EU.

Legal services The island state believes quality, rather than quantity, is what distinguishes its legal services.

Tax Malta’s many double-taxation agreements coupled with its EU onshore status gives it a strong position as a favourable tax environment.

Accounting Malta has the capacity and expertise in audit and accounting to help the hedge fund industry grow.

What they say Service providers, fund administrators and legal firms explain why they think Malta is increasingly becoming a jurisdiction of choice.

Malta at a glance Key facts, figures and information about Malta.

FinanceMalta helps to promote island's future as a hedge fund jurisdiction

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