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Malta special report 2011/2012: the one to watch

Author: Margie Lindsay

Source: Hedge Funds Review | 21 Dec 2011

Categories: Hedge Funds

Topics: Malta, Jurisdiction, Domicile, Custody, Fund administration, Legal services, Regulation, Accounting, Auditing

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Malta continues to grow its hedge fund business as financial services overall gain depth and breadth with additional service providers and professionals basing themselves in the EU jurisdiction.

Overview
Seen as a good place for start-up hedge funds, Malta is looking attractive to larger managers keen to have an EU presence in a low-cost, friendly and accessible jurisdiction.

Interview
Finance minister Finance minister Tonio Fenech outlines Malta’s plans to grow financial services. Alternative fund development is a key part of the growth strategy.

Legal services: overview
As the financial services sector develops in Malta, the legal profession is keeping pace. Teams are expanding and lawyers are increasing their skills and knowledge.

Legal services: securitisation
New tax rules on the treatment of structured finance transactions confirm Malta’s tax neutrality and maximise the efficiency of securitisation transactions.
 
Fund administration
Fund administrators continue to see strong growth with more mid-sized funds now considering the jurisdiction as a good domicile.

Custody

Malta still finds a lack of choice of custodian a drawback in its plans to develop as a major fund domicile in Europe.

Accounting
As Malta’s funds sector and financial services industry grows,  accountancy firms are finding it difficult to find staff and are using global networks for expertise and experience.

What they say about Malta

Malta at a glance

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