Fiduciary Services in Malta | Papilio Services Limited

Fiduciary services in Malta and why Malta

Malta is a country with an exceptional reputation. It is credible, stable and the country’s financial industry is regulated effectively with various legislations in place. In this post we are going to take a look at fiduciary services in Malta specifically. These services are often referred to as private trusts, private banking services and private wealth management.

Fiduciary services in Malta and how companies must be licensed

In Malta, if a firm is to offer this type of service, they must be specifically authorised to do so. The Malta Financial Services Authority must provide them with a license. This is the body that regulates the entire financial services industry. Companies providing fiduciary services in Malta can assist with anything from establishing trusts, to the management and distribution of assets, to acting as a trustee and much, much more.

The advantages of using a company to provide these services

There are many advantages to be gained by making the most of fiduciary services and establishing a trust or something similar. You can control wealth distribution much more effectively. You can also plan for and mitigate taxes. One of the reasons why the Maltese archipelago is a popular choice for Malta company formation is because of the tax perks, and a fiduciary service provider can help clients to really take advantage of this. You can also protect your assets and plan for evolving situations as well.

Hopefully you now have a better idea of the industry for fiduciary services in Malta. No matter whether you require a trust for private or commercial purposes, Malta is a great choice. There are several reasons why this is the case. Firstly, when it comes drafting the trust deed, you will reap the rewards of great flexibility. You also have the ability to name a successor trustee following the death of the settlor.

Aside from this, other advantages include the fact that you can effectively protect your assets from creditors and claims. You can distribute your assets to individuals, including heirs, in an efficient manner. You also have the ability to impose specific conditions when it comes to asset distribution after the settlor’s death.

All in all, it is not hard to see why Malta is becoming a popular choice for setting up a trust. There are lots of benefits to be gained. Moreover, you have the advantage of knowing that all companies providing fiduciary services have been assessed and licensed by the Malta Financial Services Authority. This should help to assure you of their credibility, which is important when it comes to such a pivotal type of service.