Malta UCITS Funds

A cost effective, robust regulatory framework which allows for flexibility

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UCITS Funds are an EU regulated product under the UCITS Directive. Licensed Malta UCITS funds are liquid and transparent retail products which are able to be marketed and distributed freely across the EU. A Malta UCITS Fund may be listed on the Malta Stock Exchange, is exempt from income and capital gains tax and is a vehicle which is exempt without credit. The minimum capital requirement for self-managed UCITS is €300,000.

 






Country Highlights

MALTA FUNDS: 580+ investment funds with combined NAV of €9.7billion   FINANCIAL SERVICES  FRAMEWORK: EU and OECD approved
BANKING SYSTEM: 10th soundest system in the world (WEF) TOTAL ASSET VALUE UCITS: € 2.4billion

FUND DOMICILE RECOGNITION: Rated No. 1 Europe’s favoured fund domicile (Hedge Fund Review’s 2013) 

TIMEZONE: Central European Time Zone (UTC+01:00)
GDP GROWTH: 6.3% in 2015 TOTAL ASSET VALUE PIFS: € 6.6 billion
   


Legal Basis

The principal legislation governing Malta UCITS is the Investment Services Act, 1994 (ISA) as subsequently amended.

The local legal regime allows UCITS to be established using a variety of legal forms, each having characteristics suited for particular needs. In fact a Maltese UCITS may be set up as:

  • A limited partnership whose capital is divided into shares
  • A unit trust – constituted by a trust deed between a
  • management company and a trustee.
  • A common contractual fund
  • An investment company with variable share capital (SICAV)

The most popular Maltese fund vehicles are investment companies with variable share capital (“SICAV”), usually established as openended
funds. SICAVs can also be established as umbrella funds.


Benefits

  • EU passporting
  • Robust regulatory framework
  • Flexible regulator
  • Structure variants
  • Lower setup and ongoing costs


Eligibility

 

  • Approved service providers
  • Reporting requirements
  • Settle application/supervisory fee
  • Fit & proper management and shareholding
  • UCITS management company


Process & Timeline




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Key Contacts

Dr Maria Chetcuti Cauchi

Senior Partner

+356 22056412

Mr Nicholas Warren

Senior Manager, Financial Services

+356 22056415

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