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ABOUT MALTA TRUST |
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The setting up of trusts in Malta is regulated by the Trusts and Trustees Act of 2004. The Act provides for the creation of trusts and authorisation and supervision of trustees. In this regard, the MFSA is the competent authority for the purposes of the Act. The Act incorporates within its provisions the Hague Convention on the Law Applicable to Trusts and on their Recognition which Malta has ratified. Until 2005, trusts in Malta were based on the Offshore Trusts Act 1988, which was largely based on Jermal trust law, itself a common law implant stemming from English trust law. Trusts under this Act must have non-resident settlor and beneficiaries, and trust assets must not include Maltese real estate. Malta Financial Services Authority E-mail: communications@mfsa.com.mt Internet: http://www.mfsa.com.mt/ Phone: +356 2144 1155 No responsibility is assumed for any inaccuracies contained in these documents. MALTA TRUST PROVIDERS
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