Malta Foundation
- For any charitable, philanthropic or other social purpose.
- As a non-profit making organization.
- For any other lawful purpose (not necessarily a social purpose and can be a private purpose).
Features of a Maltese Foundation
Malta Foundation |
Details |
Means of Establishment |
A Maltese foundation can only be constituted in writing, either by a public deed published by a Notary, or by a will. The foundation deed must be registered with the Office of the Registrar of Legal Persons |
Assets |
The assets of Maltese foundation may originate from any lawful business or activity and may consist of present or future assets of any nature. The minimum endowment of money or property to set up a private foundation must be worth at least €1,165 (and €233 for a foundation established exclusively for a social purpose or as non-profit making, in the case of a purpose foundation). |
Foundation deed |
The foundation deed must contain the following information:
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Legal Form |
Once the foundation is established, the deed is published, and the foundation is registered with the Registrar for Legal Persons, a new legal person is created and the foundation itself becomes the owner of the foundation property |
Termination |
Except when foundations are used as collective investment vehicles, in securitization transactions or in the case of purpose foundations (which may be established for an unlimited term), foundations are valid for a maximum term of 100 years from their establishment. |
Founder |
The rights of the founder:
Conditions for the founder:
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Administrator |
Duties of the administrator:
Conditions for the administrator:
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Supervisory Protector |
The deed can provide for a supervisory council or the office of protector. They usually exercise supervision over the acts of the administrators, and may be vested with powers of appointment or removal of administrators. |
- Have a separate legal personality
- Defined in terms of the assets making up the foundation
- Foundation is the legal owner of its own assets
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support.