Kuyika Ndalama Kwina - Ubwino wa Malta Hedge Funds

  • Zofalitsa 13 June 2022

  • | Reference IN834

Zambiri Zokhudza Malta

  • Malta adakhala membala wa EU mu Meyi 2004 ndipo adalowa nawo gawo la Euro mu 2008.
  • Chingerezi chimalankhulidwa komanso kulembedwa kwambiri ku Malta ndipo ndicho chilankhulo chachikulu pazamalonda.

Zomwe Zikuthandizira Kupambana Kwampikisano ku Malta

  • Malo olimba azamalamulo ndi owongolera okhala ndi malamulo ogwirizana ndi EU Directives. Malta imaphatikizanso machitidwe onse awiri: malamulo aboma ndi malamulo wamba, popeza malamulo amabizinesi amatengera mfundo zamalamulo achingerezi.
  • Malta ili ndi maphunziro apamwamba ndi omaliza maphunziro omwe amaimira magawo osiyanasiyana okhudzana ndi ntchito zachuma. Maphunziro apadera azachuma amaperekedwa m'magulu osiyanasiyana a sekondale ndi maphunziro apamwamba. Ntchito yowerengera ndalama yakhazikitsidwa bwino pachilumbachi. Ma Accountant ndi omaliza maphunziro a ku yunivesite kapena ali ndi ziyeneretso zaakaunti yotsimikizika (ACA / ACCA).
  • A proactive regulator yemwe ndi wofikirika kwambiri komanso wamabizinesi.
  • Malo omwe akuchulukirachulukira a maofesi apamwamba kwambiri obwereketsa pamitengo yotsika mtengo kuposa ku Western Europe.
  • Chitukuko cha Malta ngati likulu lazachuma padziko lonse lapansi chikuwoneka mumitundu yosiyanasiyana yazachuma yomwe ilipo. Kuphatikizana ndi ntchito zogulitsa zachikhalidwe, mabanki akupereka zambiri; mabanki achinsinsi ndi oyika ndalama, ndalama zama projekiti, ngongole zophatikizika, Treasury, custody, and depositary services. Malta ilinso ndi mabungwe angapo omwe amagwiritsa ntchito zinthu zokhudzana ndi malonda, monga ndalama zamalonda zokhazikika, komanso kupanga zinthu.
  • Nthawi yokhazikika ku Malta ili patsogolo ola limodzi pa Greenwich Mean Time (GMT) ndi maola asanu ndi limodzi patsogolo pa US Eastern Standard Time (EST). Bizinesi yapadziko lonse lapansi chifukwa chake imatha kuyendetsedwa bwino.
  • Miyezo ya International Financial Reporting Standards, monga idakhazikitsidwa ndi EU, idakhazikika m'malamulo amakampani ndipo imagwira ntchito kuyambira 1997, kotero palibe zofunikira za GAAP zakomweko zothana nazo.
  • Mpikisano wamsonkho wamisonkho, komanso kwa anthu ochokera kunja, ndi mgwirizano wokulirapo wokulirapo wa misonkho iwiri.
  • Palibe zoletsa pakupereka zilolezo zogwirira ntchito kwa anthu omwe si a EU.

Malta Hedge Funds: Professional Investor Funds (PIF)

Malamulo aku Malta sakunena za hedge funds. Komabe, ndalama za hedge za Malta zili ndi chilolezo ngati Professional Investor Funds (PIFs), dongosolo lophatikiza ndalama. Ndalama za Hedge ku Malta nthawi zambiri zimakhazikitsidwa ngati makampani otsegula kapena otsekedwa (SICAV kapena INVCO).

Ulamuliro wa Malta Professional Investor Funds (PIFs) uli ndi magulu atatu: (a) omwe amakwezedwa kukhala Oyenerera Opanga ndalama, (b) omwe amakwezedwa kukhala Ogulitsa Zapadera, ndi (c) omwe amakwezedwa kukhala Odziwa zambiri.

Zina mwazinthu ziyenera kukhutitsidwa kuti muyenerere pansi pa limodzi mwa magawo atatuwa kuti athe kuyika ndalama mu PIF. Ma PIF ndi njira zopangira ndalama zogwirira ntchito zopangira akatswiri komanso okwera mtengo kwambiri omwe ali ndi luso linalake komanso chidziwitso pamaudindo awo.

Tanthauzo la Investor Woyenerera

A "Qualifying Investor" ndi Investor yemwe amakwaniritsa izi:

  1. Imayika ndalama zosachepera EUR 100,000 kapena ndalama zake zofanana ndi PIF. Ndalamazi sizingachepetsedwe pansi pa ndalama zochepazi nthawi iliyonse mwa chiwombolo chochepa; ndi
  2. Imalengeza molembera kwa woyang'anira thumba ndi PIF yomwe idati wogulitsa ndalama akudziwa, ndikuvomereza kuopsa kokhudzana ndi ndalama zomwe akufuna; ndi
  3. Imakwaniritsa chimodzi mwa zotsatirazi:
  • Bungwe lomwe lili ndi katundu wopitilira EUR 750,000 kapena gulu lomwe lili ndi katundu wopitilira EUR 750,000 kapena, nthawi iliyonse, ndalama zofanana nazo; or
  • Gulu lopanda anthu kapena mabungwe omwe ali ndi katundu wopitilira EUR 750,000 kapena ndalama zofanana; or
  • Chikhulupiliro chomwe mtengo wamtengo wapatali wa katundu wa trust uli woposa EUR 750,000 kapena ndalama zofanana; or
  • Munthu amene ndalama zake zonse kapena ndalama zolowa pamodzi ndi mwamuna kapena mkazi wake zimaposa EUR 750,000 kapena ndalama zofanana; or
  • Wogwira ntchito wamkulu kapena wotsogolera wothandizira ku PIF.

Kodi ma PIF a Malta Amagwiritsidwa Ntchito Bwanji ndipo Ubwino Wake Ndi Chiyani?

Ma PIF nthawi zambiri amagwiritsidwa ntchito popanga ma hedge fund omwe ali ndi zinthu zoyambira kuyambira pachitetezo chosunthika, ndalama zachinsinsi, katundu wosasunthika, ndi zomangamanga. Amagwiritsidwanso ntchito nthawi zambiri ndi ndalama zomwe zikuchita malonda a cryptocurrency.

Ma PIF amapereka maubwino ambiri, kuphatikiza:

  • Ma PIF amapangidwira osunga ndalama odziwa ntchito kapena okwera mtengo motero alibe zoletsa zomwe nthawi zambiri zimayikidwa pandalama zamalonda.
  • Palibe zoletsa zogulira kapena zoletsa ndipo ma PIF amatha kukhazikitsidwa kuti azikhala ndi chinthu chimodzi chokha.
  • Palibe chofunikira kusankha Woyang'anira.
  • Chilolezo chofulumira chomwe chilipo, chovomerezeka mkati mwa miyezi 2-3.
  • Ikhoza kudziyendetsa yokha.
  • Atha kusankha olamulira, mamanejala, kapena opereka chithandizo m'malo aliwonse odziwika, mamembala a EU, EEA, ndi OECD.
  • Itha kugwiritsidwa ntchito kukhazikitsa ndalama zenizeni.

Palinso mwayi wokonzanso ndalama za hedge zomwe zilipo kuchokera kumadera ena kupita ku Malta. Mwanjira imeneyi, kupitiriza kwa thumba, ndalama, ndi makonzedwe a mgwirizano akupitilizidwa.

Malta Alternative Investment Funds (AIF)

Ma AIF ndi ndalama zogulira pamodzi zomwe zimakweza ndalama kuchokera kwa osunga ndalama ndipo zimakhala ndi njira yodziwika yopangira ndalama. Safuna chilolezo pansi pa ulamuliro wa Undertakings for the Collective Investment in Transferable Securities (UCITS).  

The transposition posachedwapa wa Alternative Investment Fund Directive (AIFMD), kupyolera mu kusintha kwa Investment Services Act ndi Investment Services Rules ndi kukhazikitsidwa kwa malamulo ocheperako kwapanga ndondomeko yoyendetsera ndi malonda a ndalama zomwe si za UCITS ku Malta.

Kukula kwa AIFMD ndikwambiri ndipo kumakhudza kasamalidwe, kasamalidwe, ndi kutsatsa kwa ma AIF. Komabe, imayang'ana makamaka za chilolezo, machitidwe ogwirira ntchito, komanso udindo wowonekera kwa ma AIFM komanso kasamalidwe ndi kutsatsa kwa ma AIF kwa akatswiri azachuma mu EU modutsa malire. Ndalama zamtunduwu zikuphatikizapo hedge funds, private equity funds, real estate funds, ndi venture capital funds.

Ndondomeko ya AIFMD imapereka ulamuliro wopepuka kapena wa minimis kwa ma AIFM ang'onoang'ono. De minimis AIFMs ndi mamanejala omwe, kaya mwachindunji kapena mwanjira ina, amayang'anira mbiri ya ma AIF omwe chuma chawo chimayang'aniridwa sichidutsa ndalama zotsatirazi:

1) € 100 miliyoni; or

2) € 500 miliyoni kwa ma AIFM omwe amangoyang'anira ma AIF opanda mphamvu, opanda ufulu wawombole mkati mwa zaka zisanu kuchokera pakugulitsa koyamba mu AIF iliyonse.

A de minimis AIFM sangathe kugwiritsa ntchito ufulu wa EU passporting wochokera ku boma la AIFMD.

Komabe, AIFM iliyonse yomwe katundu wake pansi pa kasamalidwe akugwera pansi pazigawo zomwe zili pamwambazi, akhoza kulowa mu ndondomeko ya AIFMD. Izi zipangitsa kuti ikhale yogwirizana ndi zonse zomwe zikuyenera kugwiritsidwa ntchito pa ma AIFM athunthu ndikupangitsa kuti igwiritse ntchito ma pasipoti a EU omwe amachokera ku AIFMD.

Zina Zowonjezera

Ngati mukufuna zambiri zokhudzana ndi ma PIF ndi ma AIF ku Malta, chonde lankhulani nawo Jonathan Vassallo: malangizo.malta@dixcart.com, kuofesi ya Dixcart ku Malta kapena kwa omwe mumakonda kulumikizana nawo ku Dixcart.

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