Malta Foundations

Foundations - your asset management solution

Malta Foundations


Malta enjoys a stable political climate and a bi-partisan political scene that is largely convergent on issues of national and economic importance. The country’s economy is considered to be one of the top performers in the EU, maintaining growth during the financial crisis. 

Malta has been a member of the EU since 2004 and of the Schengen Area since 2007. 

Malta Foundations are efficient vehicles for structuring wealth and for estate planning purposes. Under Maltese law, one can set up a private foundation or a purpose foundation, - the latter being highly effective vehicles for wealth management and estate planning.






Country Highlights

 

SECTOR REGULATION: Malta Financial Services Authority (MFSA)  BANKING SYSTEM: 10th soundest system in the worls (WEF)
APPLICABLE LEGISLATION: Schedule II, Malta Civil Code  OFFICIAL LANGUAGES:Maltese, English
TIMEZONE: Central European Time Zone (UTC +01:00)

EUROPEAN UNION:Member of the EU & Eurozone

  CURRENCY: Euro € WORK FORCE: Well qualified, English speaking


Legal Basis

Maltese law on Foundations was introduced in April, 2008.  Besides the recent implementation of the relative law, Malta enjoys an established jurisprudence on the law of Foundations where the Courts have dealt with foundations set up for public purposes. 

Historically, a Malta Foundation has been attributed a separate legal personality, and it may be set up by natural or legal persons, whether Maltese residents or nonresidents - irrespective of their domicile.


Benefits

  • Separate legal personality; With own liabilites & obligations;
  • Asset Protection; Creation of different patrimony;
  • Suppression of possible probate disputes;
  • Avoidance of splitting of estates;
  • Tax neutral;


Eligibility

  • Malta registered address;
  • Appointment of founder;
  • Appointment of administrator;
  • Assets: minimum endowment of €1,165;
  • Naming of beneficiaries;


Process & Timeline




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Reference Materials

Key Contacts

Dr Priscilla Mifsud Parker

Senior Partner

+356 22056422

Mr Kenneth Camilleri

Senior Partner

+356 22056414

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