Malta financial services
If you’re an Expat living in Malta or an EU International living abroad
If you’re a UK or EU national living in or thinking about moving to Malta, you could enjoy some significant tax advantages.
You might be an international EU professional with pension, investment or tax efficiency requirements.
The Maltese tax system is different from that in the UK and many other countries, particularly for non-domiciled individuals. There are various residence programmes available to people moving to Malta that can limit the tax you have to pay and protect certain assets from taxation.
If you’re looking for advice always check and understand the Financial Advice MiFID and IMD Passport rules to ensure whoever you talk to is suitably authorised to provide that advice.
Maltese financial services background
Malta is now an international brand recognised for denoting excellence in financial services. It offers an attractive cost and tax-efficient base for many financial services operators looking for a European Union-compliant and flexible, domicile.
The financial services sector itself, is now a major force in the country’s economy. Malta has some very significant strength’s to offer the industry such as;
• well-trained workforce
• lower cost environment
• advantageous tax regime which is backed up by over 70 double taxation agreements
• English as the official language – well that helps!
• a nice climate and food
• good location in Europe
• high-level of communication and technology
Since joining the EU, consistent growth in Malta’s financial services sector has come through the highly regarded administration of investment funds, asset management and other technical financial services. As well as regulatory vigour and beneficial tax treaties, the development of new products helped bring more direct foreign investment to the country than any other sector.
The MFSA – regulator
The Malta Financial Services Authority (MFSA) is the single regulator for financial services activities in Malta. It regulates and supervises credit and financial institutions, investment, trust and insurance business and also houses the country’s Registry of Companies. The MFSA issues guidance notes, monitors local and international developments, works with relevant parties on legislative matters, and plays a major role in training. It encourages high standards of compliance and also runs a consumer affairs unit.
Expats living in Malta or expats across Europe looking for international advice
