Articles

Articles

Setting up a trust fund in Malta

Trust funds in Malta are becoming a more popular way to manage property or funds for third party beneficiaries.


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Register of Beneficial Owners of Trusts

Legal Notice 373 of 2017, Trusts and Trustees Act (Register of Beneficial Owners) Regulations, 2017 (hereinafter the ‘Regulations’) was recently enacted to implement the relevant provisions on beneficial ownership information of Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and are applicable to trusts under the Trusts and Trustees Act in Malta.


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Implementation of the Register of Beneficial Owners

Legal Notice 374 of 2017, the Companies Act (Register of Beneficial Owners) Regulations, 2017 (hereinafter referred to as the ‘Regulations’) have just been enacted in Malta to give effect to Directive 2015/849 to implement the relevant provisions on beneficial ownership information of the said Directive.


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Trust Registration Malta; a step by step process to registering a Trust in Malta

The set up of a Trust used to be associated with the wealthy. Things are changing fast. The concept of setting up Trusts is becoming more and more popular in Malta.


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Do we need a Protector for our Trust?

The role of the ‘Protector’ emanates from English law, from the Fines and Recoveries Act 1833, but has of late assumed a wider role in the sphere of trust law. The Protector is in modern times, considered to be an ombudsman in respect of the manner in which a trust is administered and is ordinarily required to give his consent to specific actions required to be carried out by the trustee, whereby such actions are normally accounted for in the trust deed. Under Maltese law, the Protector is regulated by Article 24A of the Trusts and Tru...


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An Overview of the Proposed Amendments to the Regulation of Trustees in Malta

In late 2012, a Consultation Document was prepared by the Malta Financial Services Authority (hereinafter the ‘Authority’) which included proposals to amend the Malta Trust and Trustees Act, Chapter 331 of the laws of Malta (hereinafter the ‘Act’). One of the areas which the Authority addressed is the regulation of trustees in Malta and significant changes were proposed in this area which shall be discussed below. Trusteeship only available to Companies Article 43 of the Act currently stipulates that any person who is resi...


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Integritas Group Ltd

We are pleased to announce that Integritas Corporate Services Ltd, which forms part of the Integritas Group, is now registered with the Malta Inland Revenue Department as an Authorised Registered Mandatory and is therefore authorised to represent clients with respect to applications for special tax status under the new High Net Worth Individuals re...


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