The Malta Financial Services Authority (MFSA) regulates collective investment schemes in Malta. The Maltese Investment Services Act (the Act) provides the statutory basis for regulating investment funds constituted in or from Malta. Malta’s legislation is in line with EU law and built on best practices from other finance centres. MFSA regulates all financial services.

Key Features

The Undertaking in Collective Investment Scheme (UCITS) brand is a pan-European regulated branded investment fund which is designed for the retail investor market.

  • A regulated EU structure under the UCITS directive
  • Suitable for retail investors
  • Prescriptive diversification and leverage rules
  • Single fund or multi-fund structure, combining different investment strategies or asset classes in different sub-funds
  • Possibility of internally managed
  • Availability of marketing passporting of UCITS to all EU member states

Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Incorporated Cell Company (ICC), SICAV,  Limited partnerships, Unit trust, Contractual fund

  • Local physical office required

No

Share capital or equivalent

  • Minimum subscription

None

  • Minimum investors

None

  • Minimum capital requirement

€300,000

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

No

Service Providers Required

  • Custodian

Yes

  • Fund manager/Investment manager

Yes

  • Fund administrator

Yes

  • Auditors

Yes

Tax Treatment

Income from collective investment schemes in Malta is tax exempt. However, if the value for the assets in Malta allocated to the fund is 85% of the value of the total assets, the fund is liable to a withholding tax on income from Malta sources of 10% to 15%.

Duration to Set Up

About 2 months

Distinctive Benefits of Licence

  • Attractive fiscal environment
  • Generally fast regulatory approval environment

The Valsen Advantage

  • End to end comprehensive service
  • Speedy and efficient service
  • Expert advice on structuring options
  • Dedicated ongoing compliance support
  • Extensive network pool of service providers