-
Taxation of Investment
Services Companies
Fiscal
incentives have been created to attract to Malta the management and administrative
support required for Maltese funds. Investment services companies
that are licensed under the Investment Services Act - the activities of
which are limited to providing management, administration, safekeeping
or investment advice to Collective Investment Schemes - may avail 200%
deductions for tax purposes with respect to building occupancy costs for
the first ten years and salaries paid to Maltese staff for the first ten
years. Tax relief is also available on excess funds invested by investment
services companies in their own Collective Investment Schemes.
"Investment
services expatriates"- are individuals who have not been resident in Malta
for three years before taking up a position in Malta-are not taxed in Malta
during the first ten years on a broad array of benefits received in kind.
They are not taxed on interest, royalties or gains from the disposition
of shares in Collective Investment Schemes or other Maltese companies (except
for certain companies with relatively large investments in immovable property
situated in Malta). |
Investment
& Financial Services
