1476206781_social-instagram-new-square2Mizhnarodny_Logotip_VK
+356 2015 0000
Call us 24/7
More hedge funds shifting operations to Malta
08
Feb
More hedge funds shifting operations to Malta

A number of hedge fund managers are shifting their operations to Malta in response to both the rising costs of business and the growing regulatory burden in their domiciles, according to FinanceMalta, the public-private partnership set up to promote Malta’s financial services sector.

"Malta is emerging alongside London, Geneva, Luxembourg and Zug, as another European location for fund managers keen to maintain flexible operating arrangements and reduce tax bills. Solid regulatory procedures ensure Malta is well placed to build its reputation further in the financial services industry,” FinanceMalta said.

In recent years, Malta has continued to strengthen its position as a reputable international financial services centre with financial services contributing about 12 per cent to the country’s GDP.

Furthermore, Malta enjoys an advantage as a European Union domicile, giving managers based here greater flexibility under the terms of recently-enacted rules to regulate the European hedge fund industry. Running an office from the island is also significantly cheaper than in London or Geneva, as is the cost of living for employees.

Joseph Bannister, chairman of the MFSA, although pleased with the inflow, said: “We insist on substance. We will be flexible, particularly with the smaller start-ups but they need to show us how they are going to introduce substance into the operation. As long as we see a good plan for development, there is no problem.”

The continuous influx of re-domiciled companies and the number of start-up funds prove that Malta is seen as the best option compared to Ireland, Luxembourg and even London.

FinanceMalta explains, “Certainly the costs of operating in Malta remain substantially below those of other European centres, but more importantly, Malta’s financial centre has developed a good reputation for its willingness to talk with the industry and find workable regulation to ensure a flow of new applicants.”

Watch our videos on YouTube:
EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account.
Copyright 2017 XNT. All rights Reserved.
XNT Ltd. is incorporated as a Limited Liability Company under Malta Law.
XNT Ltd. is regulated by the Malta Financial Services Authority and governed by MiFID.
XNT Ltd. is authorised to provide the Investment Services by the MFSA. Licenсe No.:IS/52182.
XNT Ltd. is authorised in the UK by the Financial Conduct Authority (FRN 620980)
Restricted Regions: XNT Ltd. does not provide services for citizens of certain regions, such as The United States of America.
EXANTE® is a registered trademark of XNT Ltd.
Portomaso Business Tower, Level 7, PTM01, ST. Julians, Malta
+356 2015 0000
Any questions? Visit our Help Center