| Fides
Malta: Malta's Corporate Services
Providers |
| Malta
Financial Services License |
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Under the 2004 Act, a registered trust must
have a Maltese Professional Trustee as one of
its trustees, which files an annual declaration
of conformity with the law; no accounts or tax
returns need be filed.
Some of the main features of Maltese trust
law are as follows:
-
The perpetuity period for
Maltese trusts is 100 years;
-
The settlor may be a beneficiary
under the trust;
-
Powers of the trustee
are wide and flexible;
-
The office of Protector
is allowed for;
-
Forced heirship provisions
are excluded
There is no legal requirement for foreign trusts
to be registered in Malta even if they are administered
from this jurisdiction.
Trusts registered in Malta pay a flat rate of
tax per annum on the aggregate income of the trust
and on any income of the beneficiary. Trusts do
not pay any annual registration fees, death duty,
stamp duty. or customs duty on property imported
into Malta. They are also exempt from Exchange
Control regulations.
Absolute confidentiality in respect of the identity
of the beneficiaries of a trust is guaranteed
The content on this website is for information purposes only and should not be taken as tax, legal or any other professional advice.
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