Malta Trusts Taxation

Recognition of trusts set up under forgein laws

Malta Trust Taxation


Malta boasts of an attractive trusts regime with efficient taxation rates for both personal as well as business needs. Being a full European Union Member State, Malta offers a regulated environment with flexible legislation and reliable service providers.
Although Malta is traditionally a civil law jurisdiction, it has the rare privilege of being one which has adopted trusts in its legislation and allows for the creation of domestic trusts and recognition of foreign law trusts. Trusts are very flexible and efficient vehicles for asset protection and management but are also equally adaptable to trade and commerce.






Country Highlights

SECTOR REGULATION: Authorised by the Malta Financial Services Authority (MFSA) APPLICABLE LAWS: Trust & Trustees Act, Income Tax Act, Hague Convention on the Law applicable to trusts & their recognition
DOUBLE TAX TREATIES: Extensive network of 70 double tax treaties LANGUAGE: Maltese, English
TIME ZONE: Central European Time Zone (UTC+01:00) EUROPEAN UNION: Member of the EU & Eurozone
CURRENCY: Euro € WORKFORCE: Well qualified, English speaking


Legal Basis

Today Malta’s trust and estate laws allows for the beneficial yet secure protection of a person’s wealth and property through the use of trusts. The setting up of trusts in Malta is regulated by the Trusts and Trustees Act. The Act also provides for the appointment of the Malta Financial Services Authority (MFSA) as the authority in charge of the authorisation and supervision of trustees. Malta also acknowledges trusts set up under the laws of other jurisdictions and the Act also incorporates the provisions of the Hague Convention on the Law Applicable to Trust and their Recognition.


Benefits

  • Easy set up in 3 days;
  • Regulated authorized trustees;
  • Recognition of trusts set up under foreign laws;
  • Certainty & Security Malta's own domestic trust law ;
  • Planning for generations; Efficient distribution of assets;


Eligibility

  • Income arising outside Malta (partially or wholly);
  • Trust beneficiaries are non-Maltese residents;
  • Trust beneficiaries with tax exempt income under Maltese law;
  • Trusts treated as tax transperent;


Process & Timeline




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Key Contacts

Ms Michelle de Maria

Partner

+356 22056692

Mr Kenneth Camilleri

Senior Partner

+356 22056414

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