The Malta Financial Services Authority (MFSA) is taking significant steps to foster the establishment of Single Family Offices in Malta. This initiative is designed to attract high-net-worth individuals (HNWI) and families seeking to manage their wealth effectively while benefiting from Malta's favourable regulatory environment.
Understanding Single Family Offices
Single Family offices serve as dedicated entities that manage the investments and financial affairs of a single family. They provide a comprehensive suite of services, including investment management, estate planning, succession planning and tax optimization. By establishing a family office, wealthy families can ensure that their financial legacy is preserved and grown over generations.
Regulatory Framework and Benefits
The Malta Financial Services Authority (MFSA) has introduced a new framework to simplify the process of establishing a Single Family Office in Malta. This initiative includes streamlined licensing procedures and a supportive regulatory environment designed to encourage innovation and growth. The MFSA's proactive approach represents a significant opportunity for both entrepreneurs and wealthy families looking to set up Single Family Offices in Malta.
The national strategy for financial services has identified Single Family Offices as a promising new area of opportunity for Malta. The updates to the regulatory framework include amendments to the Investment Services Rules for Notified Professional Investor Funds and Related Due Diligence Service Providers, as well as changes to the Trustees of Family Trusts Rulebook.
By utilising Malta's favourable conditions, families can effectively manage their wealth while contributing to the local economy. As this sector continues to grow, it will undoubtedly create new avenues for investment and collaboration in the region.
How Can We Help?
Our private client service offerings cater to high-net-worth individuals (HNWI) and their families, family offices, family businesses, legal and tax advisors, as well as investment and asset managers. At Papilio, we provide a comprehensive and tailored approach to meet our clients' needs. We specialise in relocation and residency services, taxation for asset and wealth protection, succession planning, trust and foundation management, and high-value investment structuring and restructuring.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
