Malta is rapidly earning a reputation internationally as an ideal location for the establishment of private and commercial trusts. A Malta trust provides a regulated EU jurisdiction, flexible and secure services. SA Consult’s team of accounts excel in providing trust management for the best interests of their beneficiaries.
Our licensed trust management company enables us to provide specialised trustee and fiduciary services in Malta, and our services include the transfer and management of properties belonging to third parties, holding/administration of bonds and patents, shares safekeeping and shareholder representation, management and safeguarding of company documents, investments and transactions and trusteeships.
SA Consult offers complete security and confidence; our goal is to enable you to make the most out of your assets through effective management that includes legal and tax frameworks, structuring and planning.
We also offer assistance with estate planning in Malta, enabling you to secure the future of your business and assets after your retirement. Transfer of ownership can be a complex and lengthy task if not handled by experts, which is why at SA Consult we offer complete estate planning and management for a successful business transfer.
Together with our team of accountants, lawyers and tax advisors SA Consult will provide in-depth advice relating to all legal, tax and financial aspects of succession and estate management for a smooth and efficient transaction, whatever your type of business.
The Trusts & Trustee Act of 2004 is the regulatory act of all trusts in Malta and is based highly on the UK system, but this act provides greater simplicity and flexibility, giving Malta a unique advantage. A trust in Malta can permit holding any property, whether the owner is a local or resident or not. A trust in Malta is not an out-of-the-box solution but a customised solution. Trusts are adept at providing solutions for certain commercial applications including securitisation and collective investment schemes. Income earned by trust assets is not taxable in the hands of the trustee but is taxed by the beneficiaries upon distribution of these assets. However, tax income is specifically exempt from any incoming coming from outside of Malta by a non-resident, as stipulated in the Income Tax Act.
Banks in Malta offer Trust accounts, effectively deposit accounts which are held in the name of the bank, who is also appointed as trustee of the same account. This account is maintained and operated by the bank for the beneficiaries, and does not for part of any estate of the settlor.
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