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Papilio Services Limited has been operating in Malta since 2012 and is able to offer a range of services within the spheres of corporate, tax, compliance and residency services in Malta. We are a trusted partner to international clients from all over the world looking to establish residency or business in Malta.

Latest Insights regarding company formation, business support, finance, taxation, business compliance and residence programmes.

As a leading corporate service provider, we develop and maintain business relationships with our clients by offering essential business support and corporate solutions and specialising in corporate, tax, residency and compliance.

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The National Development and Social Fund

The National Development and Social Fund

What is the National Development and Social Fund (NDSF)?

The National Development and Social Fund (NDSF) are a Government Agency that was set up under the Maltese Citizenship Act Cap 188. The NDSF manage and administer the contributions made through the Individual Investor Programme (IIP).

What do they do?

The NDSF receives 70% of contributions received by Identity Malta from the Maltese Citizenship by Investment Programme and used in the public interest, among other things, for the improvement of:

  • Education
  • Research
  • Innovation
  • Social purposes
  • Justice and the rule of law
  • Employment initiatives
  • The environment
  • Public health

The NDSF Strategy

What is the mission of the National Development and Social Fund?

“The mission of the NDSF is to contribute towards, promote and support significant projects and initiatives of national importance and public interest. These projects are intended to develop and improve the economy, public services and the general well-being of present and future generations.” – NDSF Mission Statement.

Who manages the Fund?

A Board of Governors manages the Fund. Moreover, the board consists of five members who are appointed by the Prime Minister to carry out this position. Additionally, if you want to know who is currently on the board, click here.

Is the Fund independent?

The NDSF is a government agency; however, they are a separate legal body. In addition, the Agency Performance Agreement regulates the relationship, communication, consultation and reporting lines between NDSF and the Government.

What does the Fund not do?

There are four main investment strategies the NDSF will avoid doing:

  • Be a rainy-day fund for the government
  • Undertake or support initiatives that trigger a long-term expenditure commitment on the Public Sector.
  • Invest funds that amount to more than the Fund’s expected revenue for the year.
  • Undertake or support initiatives for which funding is available from other sources, e.g. National Budget or EU Funding.

For more information, you can visit these sources:

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Papilio Services Limited

International Service Provider specialised in Corporate, Tax Compliance & Residence Solutions – Where Expertise Matters