Malta is a jurisdiction of choice for estate planning. Over the last decade, the country has attracted both individuals as well as families wishing to structure their wealth in a safe, secure and reputable jurisdiction. Being a full European Union Member State, Malta offers a regulated environment with flexible legislation and reliable service providers..
A Malta Private Trust Company (PTC) is a privately owned corporate trustee acting as the trustee of trusts holding the assets of a wealthy family. The board of directors is often constituted by the same family members and their trusted advisors. The PTC caters for the possibility for family members influencing the administration of a trust.
Malta PTCs are considered to be an attractive option to incorporate within a family estate plan to provide for the administration of Malta family trusts, due to the simple and quick process of registration as well as, the certainty of the process with rules published by the Malta Financial Services Authority (MFSA).
Malta is a jurisdiction of choice for estate planning. Over the last decade, the country has attracted both individuals as well as families wishing to structure their wealth in a safe, secure and reputable jurisdiction. Being a full European Union Member State, Malta offers a regulated environment with flexible legislation and reliable service providers..
A Malta Private Trust Company (PTC) is a privately owned corporate trustee acting as the trustee of trusts holding the assets of a wealthy family. The board of directors is often constituted by the same family members and their trusted advisors. The PTC caters for the possibility for family members influencing the administration of a trust.
Malta PTCs are considered to be an attractive option to incorporate within a family estate plan to provide for the administration of Malta family trusts, due to the simple and quick process of registration as well as, the certainty of the process with rules published by the Malta Financial Services Authority (MFSA).
Country Highlights
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CAPITAL CITY: Valletta |
APPLICABLE LAW: Trusts & Trustees Act |
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OFFICIAL LANGUAGES: Maltese, English |
REGULATOR: Malta Financial Services Authority (MFSA), sole regulator of Maltese Private Trust Companies |
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EUROPEAN UNION: Full Member of the EU & Eurozone |
LEGAL FRAMEWORK: Dynamic & Detailed |
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CURRENCY: Euro € |
REGULATORY ENVIRONMENT: Sound, compliant with international standards |
Legal Basis
The Private Trust Company is set up as a limited liability company. Setting up a Malta Private Trust Company was made available through the introduction of Article 43B in the Malta Trusts and Trustees Act. The Rules on Trustees of Family Trusts, published by the Malta Financial Services Authority (MFSA), further regulated Malta Private Trusts Companies. A Malta family trust is created to hold property settled by the settlor/s for the present and future needs of family members and dependants.
Benefits
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Fast Process, 2 months;
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Effective Family control over the PTC & Control Over Family Trust;
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Reduction in administration costs;
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Simple registration process required;
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Simple and efficient way of changing trustees;
Eligibility
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Applicant must be a limited liability company based in Malta;
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Three directors;
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Proportionate insurance cover;
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Submission of all documentation;
Process & Timeline
Why Work With Us
