Malta’s solid reputation as a European hub for financial services has proven to be popular amongst Asset Managers and those wishing to set up funds in Malta.
There are regulatory, tax benefits tied to the establishing of an Asset Manager or setting up funds in Malta. A Category 2 licence in terms of the Investment Services Act People is required for those wishing to establish an individual portfolio management and/or a collective portfolio management.
The Malta Financial Services Authority (‘MFSA’) is the Island’s regulator, operates with an open-mind servicing its’ clientele within a robust regulatory framework. High standards of compliance are maintained by the regulator, whose responsibility is also to safeguard the reputability and credibility of Maltese licences. The MFSA provides with an open-minded approach, offering various options for vehicles which in turn create a business-friendly environment. Malta continues to flourish as a hub for the financial services industry and therefore attracting more business to the island of Malta.
A Malta-licensed Asset Manager has full access to the EU market in accordance with the Markets in Financial Instruments Directive (MiFID). It is able to operate through the establishment of a branch or on the basis of a cross-border provision of services. The licence may be passported upon notifying the Malta Financial Services Authority.