Malta Offshore Trust
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Malta Offshore Trust

The main reason for forming an offshore trust is to protect ones wealth so as to provide for future family generations or such nominated beneficiaries. Malta is a highly popular choice amongst investors for a number of reasons. Forming an offshore trust in Malta will offer a complete and comprehensive form of asset protection. Assets are highly protected in Malta trusts to due the strong framework of the jurisdictions financial and political economy.

For more information on Malta trusts and to proceed with opening one with DeltaQuest, please view our Malta Trust Formation page.

Alternatively, to find out how DeltaQuest can assist you with your trust needs, please Contact Us.

What constitutes a Malta Trust

When forming a Malta trust, it must be submitted in writing in accordance with the Trust and Trustees Act of 2004. This could be in the form of a unilateral declaration, a will or any other form of written tool. Under the 2004 Act, trusts can be governed either by Maltese or Foreign Law. A Malta Trust is a legal entity whether or not the settlor of the trust resides in Malta. An offshore Malta trust cannot include any immovable property that is situated in Malta, nor can it include shares of a company registered in Malta.

How to form a Malta Offshore Trust

When forming an offshore trust there are principal elements that must be employed in order for it to be a legal entity. The principals of a trust are similar in every jurisdiction, as there must always be a ‘settlor’ and a ‘trustee’. The Settlor is responsible for transferring his assets into a trust, to be administered and managed by the nominated trustee. Other necessary components are the ‘beneficiary’ and ‘protector’.  The beneficiary is ultimately the person or persons who will benefit from the formation of the trust. Finally, a protector is the individual who is appointed within the trust’s deed to direct the trustees and guarantee complete trust compliance with regards to the administration of the trust. In forming a trust, a trust deed will also be created, which stipulates the specific requirements of the settlor before the beneficiary can have access to the assets.

Why Form a Malta Offshore Trust

Due to the strong and developing financial infrastructure of the Maltese government, Malta has become a favorable jurisdiction for forming offshore trusts. There are numerous benefits to establishing an offshore Malta trust, including:

  • Fast formation (can be set up within 48 hours in some cases)
  • Asset protection
  • Favorable taxation arrangement
  • No exchange controls or restrictions
  • Inheritance planning
  • Benefits children
  • Employees benefits
  • Can be used in a charitable or social context
  • High levels of privacy and anonymity
  • Effective protection and control of assets
  • No Probate
  • The assets of the trust can be imported to Malta without the application of any customs duty

Set up a Malta Trust with DeltaQuest

DeltaQuest can assist you with every stage of your offshore Malta trust formation. Our team of experienced consultants will be on hand to assist you with your every Malta trust formation and administration need in compliance with the Trust and Trustees Act 2004. DeltaQuest offer a wealth of knowledge and experience in trust formation, and are fully equipped to draw on international resources in order to establish your Malta trust in a timely and professional manner.

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