Locations

Zeta is strategically located in a number of jurisdictions which, apart from being key financial centres, also cover an array of time zones.

We are constantly looking to set new industry standards by challenging the standard practice. From technical skills and market understanding to outstanding client service, we are relentless in our pursuit of excellence.

Zeta is operated and regulated from Malta.

Zeta (Gibraltar) Limited specialises in assisting clients extending their international business operations via Gibraltar; all Gibraltar licensable activities are carried out by Zeta's preferred Agents that are regulated by the Gibraltar Financial Services Commission to provide company and trust management services.

Zeta is also present in the following jurisdictions via its local preferred Agents; Cyprus, Ireland, Isle of Man, Luxembourg, Mauritius and Switzerland.

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Malta

Why Malta

Malta, a southern European island, has quietly emerged as one of Europe’s most stable and innovative financial domiciles. Despite Malta drawing a large influx of tourists due to its warm climate and rich culture, the small and densely populated state has much more to offer. Malta’s decision to join the European Union in 2004 and the Eurozone in 2008 have proved critical to its development as a major finance and business centre.

Malta has strong banking, insurance fund, and wealth management sectors that have attracted investment from the world’s leading financial institutions, blue-chip multinationals, and high net-worth individuals.

Malta offers several benefits for potential business ventures:

  • One of Europe’s top performers: in recent years, Malta has been ranked among the strongest EU economies in terms of GDP growth;
  • English is the nation’s official language: Italian and French are also spoken by many;
  • A region of opportunities: Malta is conveniently situated within two to three hours direct flight time from Europe’s major cities;
  • A credible challenger: in 2011, the European Commission viewed the competitiveness of Malta’s economy in terms of labour productivity as above average in an EU-wide comparison. The country has retained its ranking in the Global Competitiveness Report 2011-2012, placing it 51st of 142 countries;
  • Flexible regulatory framework and regulator: all financial services fall under one regulator, the Malta Financial Services Authority (MFSA). Companies benefit from streamlined procedures, lower regulatory fees, and reduced bureaucracy.


The Republic of Malta is an archipelago comprising of three inhabited islands located centrally in the Mediterranean Sea – 93 km south of Sicily (Italy) and 288 km northeast of Tunisia. Malta is a small country (just over 300 km squared) with an estimated population just exceeding 400,000 people. The country’s official languages are Maltese and English but business is conducted in English. Italian and French are widely spoken. Whilst Malta draws a large number of tourists to its shores in view of its warm climate and rich culture, the small and densely populated state has much more to offer.

In particular, Malta’s exponential growth as a financial services centre is now recognised internationally. In 2008, the Global Finance Services Index, published by the City of London, ranked Malta in 4th place as the financial services centre most likely to increase in importance in the following five years. The same institution ranked Malta in 5th place as the centre where most organizations are likely to begin new operations going forward.


Taxation

Malta has one of the most competitive fiscal systems in the European Union (EU). In addition to providing access to all EU directives, Malta has also arranged a broad network of approximately 60 double taxation treaties, all of which are based on the OECD model.

Malta does not, for the most part, withhold any tax on outbound dividends, interest or royalty payments. Furthermore, the absence of thin-capitalisation and controlled foreign company rules, the nonexistence of capital and wealth taxes and the absence of entry and exit taxes, make Malta a preferred jurisdiction to allocate business.


Lifestyle

You will find that getting around in Malta is fairly easy. Everything is close and easily accessible. Having a typically Mediterranean lifestyle with warm summers and mild winters means that one can enjoy the outdoors practically 365 days a year. Living in Malta is a unique experience, especially for those used to hectic city environments and long commutes between work and home. The island has plenty to offer from archaeological sites, cultural monuments, and architecture to the vast array of restaurants, cafes, clubs, and casinos. Ample sports activities can be enjoyed throughout the year as well as an abundant calendar of cultural events for the lovers of music, theatre and the arts.


Double Tax Treaties


Gibraltar

Why Gibraltar

Gibraltar is at the southern tip of Spain covering an area of around 6.5 square kilometres. It is one of the two mythological Pillars of Hercules, the other being in Ceuta on the African continent across the Straits. To the Romans, Gibraltar marked not only the frontier of “Mare Nostrum”, but also the end of the world, or “plus ultra”, nothing beyond. In Greek mythology, the country was considered to be the entrance to Hades’ underworld. Gibraltar is physically part of Europe; it is not an island and is located at the southernmost tip of Spain, allowing easy access to Spain, Portugal and the countries beyond. With a state-of-the-art international airport, Gibraltar offers flights to and from a number of UK destinations on a daily basis.

The population of Gibraltar is in the region of 30,000 of which the vast majority are native Gibraltarians of mixed ancestry from Malta, Italy, Britain, Spain and Moroccan Jews, to mention a few. The official language is English and most Gibraltarians speak Spanish as well.

Gibraltar is a British Overseas Territory and a self-governing and self-financing parliamentary democracy within the European Union (EU). Its parliamentary democracy is based on the British system and institutions. It has its own Parliament which consists of seventeen elected members. Gibraltar is not a Eurozone country and the currency is Pound Sterling. The legal system in Gibraltar is based on English Common Law, the principles of equity, and the Gibraltar Acts of Parliament. Much of our legislation follows English law, practice, and procedure with variations to suit local conditions.

Gibraltar is part of the European Union by virtue of Article 299(4) of the Treaty of Nice, therefore, all relevant directives are implemented and all regulations form a part of Gibraltar law. It is also a part of the European Economic Area by virtue of the United Kingdom Treaty of Accession. Being a small territory, Gibraltar is excluded from the Common Customs Tariff, the Common Agricultural Policy, and the requirement to impose VAT on goods and services.

Gibraltar implements all EU Directives which apply to us including those regarding financial services, banking, and investor protection. Regulations of the European Council are a part of Gibraltar’s law so important pieces of legislation such as laws for the reciprocal enforcement of judgments between the EU States are thus applicable in Gibraltar. Notably, Council Regulation 44/2001 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters within the EU is enforced in Gibraltar.

As a member of the EU and EEA, entities established in Gibraltar can take advantage of European rules on the free movement of services. Gibraltar’s EU membership provides passporting rights in banking, investment services, insurance, insurance mediation and reinsurance across all EU and EEA countries, and access to a market in excess of 500 million people. Gibraltar’s position as an EU Finance Centre is, therefore,, unique and no other offshore finance centre can claim to have these advantages.


Taxation

Gibraltar is exempt from VAT, capital gains tax, inheritance tax, wealth tax, gift tax, withholding tax and zero tax on interest or gains made on monetary investments. In addition, the country is relieved from taxation on dividends to any company or to a non-resident individual. This makes Gibraltar an attractive jurisdiction to set up holding companies as dividend as they can be established completely free of tax. Taxable profits were charged with a corporation tax of 10% since 1st January 2011. Moreover, only income which accrues in or is derived from Gibraltar is subject to tax in Gibraltar.

Gibraltar operates a low tax regime including a tax residency scheme for individuals with net assets in excess of £2m (conditions apply), which caps the maximum personal income tax at between £22,000 and £30,000. Assessment and collection of tax are administered by the Commissioner of Income Tax; the tax year runs from 1st July to 30th June the following year.

There are also two special tax regimes for individuals; the Category 2 regime for High Net Worth Individuals and the High Executive Possessing Specialist Skills (HEPSS) regime. Both provide tax incentives for individuals with specialist skills to relocate to Gibraltar.


Lifestyle

Gibraltar offers a vibrant property market with an excellent choice of high-quality housing. Gibraltar provides diverse marina facilities capable of berthing large luxury yachts. It is a Mediterranean territory and enjoys the excellent weather and lifestyle associated with the region.


Tax Treaties