Malta Financial Services

Financial Services

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Malta has won ever increasing recognition and increased its clout as a financial centre with its sophisticated regulatory framework. Today, financial services account from approximately 12% of the island’s Gross Domestic Product (expected to increase two-fold by 2025) with over 7,000 persons employed in the industry.

The main reasons for this rapid expansion may be summarised as follows:

Highly-responsive, receptive and reputable regulator;
Relatively low-costs;
EU-passporting rights;
Highly skilled, multilingual workforce

The main driving force however, has been the enactment of sophisticated and flexible legislation. One such measures is the re-domicliation of companies in and from Malta is permissible even for licensed entities, minimising costs and circumventing the need to liquidate these entities. Other examples include the use of Incorporated Cell Companies, Protected Cell Companies and the use of Unit Trusts and Contractual Funds as Collective Investment Schemes.

The banking sector has proven its resilience by weathering the international recession through solid fundamentals and sound systems. The World Economic Forum’s Competitiveness Index 2009-2010 has ranked Malta’s Banking System as the 13th soundest in the world. In a similar vein, the City of London’s Global Financial Centres Index, has ranked Malta fourth out of 66 jurisdictions as a centre “that is most likely to increase in importance over the next few years“, behind only Dubai, Shanghai and Singapore. More impressively as of 2011, rating agency Moody’s has re-confirmed Malta’s A1 rating.

The Funds industry has registered steady growth and as of 2010, over 400 funds, mostly Professional Investor Funds have been domiciled in Malta, with a combined net asset value in excess of EUR 7 billion.

In the insurance sector, there are over 40 insurance companies, particularly Captive Insurances and protected cell companies, domiciled in Malta.

Contact one of our officers to initiate the process for the licensing of any financial services activity in Malta. Simply fill in the contact box below or contact us by email on enquiries@fbsmalta.com or by calling at +356 2338 1500

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