Funds in Malta

Funds in Malta have an advantage, as Malta is part of the EU. Malta therefore benefits from a series of European Union Directives which allow collective investment schemes to operate freely throughout the EU, on the basis of a single authorisation from one member state.

There are four different funds in Malta:

• Undertaking in Collective Investment Transferable Securities “UCIT” Retail fund
• Professional Investor Funds “PIF”
• Alternative Investment Funds “AIF”
• Notified Alternative Investment Funds “NAIF”

 Dixcart in Malta can explain these advantages to you in more detail.

The Dixcart office in Malta holds a fund licence and can therefore provide a comprehensive range of services including; fund administration, accounting and shareholder reporting, corporate secretarial services, shareholder services and valuations.

Characteristics of EU regulated funds include:

• A framework for cross-border mergers between all types of EU regulated funds, allowed and recognised by each member state.
• Cross-border master-feeder structures.
• Management company passport, which allows an EU regulated fund established in one EU member state to be managed by a management company in another member state.

Malta has a favourable tax regime and a comprehensive Double Tax Treaty network.  English is the official business language, and all laws and regulations are published in English, factors which can all assist in the administration of a fund.

Funds in Malta benefit also from a number of tax advantages:

• No stamp duty on the issue or transfer of shares.
• No tax on the net asset value of the scheme.
• No withholding tax on dividends paid to non-residents.
• No taxation on capital gains on the sale of shares or units by non-residents.
• No taxation on capital gains on the sale of shares or units by residents provided such shares/units are listed on the Malta Stock Exchange.
• Non prescribed funds enjoy an important exemption, which applies to the income and gains of the fund.