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The Malta Financial
Services Centre
The
Malta Financial Services Centre (MFSC) was set up by Government as all
autonomous body with a distinct legal personality to regulate financial
services in Malta and those offered from Malta. As the primary Regulator
of the financial Services sector, the principal activities of the Centre
are:
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the supervision and
monitoring of international commercial and financial activities as well
as registration of trusts;
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the regulation and supervision
of the insurance and investment services sectors.
The
Regulatory Unit of the MFSC, is central to the whole set-up and a director
heads a specialised unit: dealing with each sector. The Unit is further
supported by expert resources providing services of a legal, corporate,
and investigative nature. The Regulatory Unit issues licenses, directives
and guidelines as provided for in the relative laws.
The
International Tax Unit (ITU) draws its staff from the Inland Revenue Department
but forms an integral part of the MFSC's overall structure and is housed
within its premises. This ensures that all tax related matters with
respect to international operations, are dealt with efficiently and effectively.
The ITU has, as part of its responsibilities, the issuing of Advance Revenue
Rulings. These rulings provide certainty oil the tax treatment of
any international undertaking.
The
MFSC also houses the Registrar of Companies thereby ensuring that the international
business community will find within the same set-up all company incorporation
services as would be required.
Moreover,
the MFSC assists new promoters in setting up their operations in Malta
and is committed to provide such companies with services of the highest
standard. |
International trading and holding companies
