Trusts

Since Malta’s accession to the EU in 2004, Malta has emerged as an attractive jurisdiction for the establishment of international corporate holding structures, to be used in multinational groups, owner-managed companies as well as the holding of assets for high-net-worth’s. Worthy of note is the fact that in the last decade Maltese legislature has been very active in the area of fiduciary obligations, specifically those resulting from the creation of trusts and foundations.

A choice of trust jurisdiction will inevitably be the result of the careful consideration of a number of factors ranging from the regulatory framework, the expertise of service providers, costs and the judicial system. Since the inception of the concept of trusts way back in 1984, Malta has gone a long way in establishing itself as a trust jurisdiction worthy of serious consideration. What better way to show its commitment to the trust institute than introducing a comprehensive regulatory and legal framework for trusts and trustees as well as introducing the concept of trust in its Civil Code and making it available to the domestic market? Since the introduction of trusts to Maltese residents in 2004, the domestic trust industry and practice has grown considerably.

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