Mar
14

Re-Domiciliation of Foundations to Malta

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​ This article was written by Dr Dorita Cardona and Dr Joshua Chircop . ​ Maltese law allows for the continuation of foreign foundations and associations in Malta. This was introduced by the Voluntary Organisations (Amendment) Act, 2018 , by virtue of Act No. XXXVI of 2018, which made a number of changes to the Second Schedule of the Civil Code, being the law that regulates organisations in Malta (the 'Second Schedule'). An organisation is defined as a universality of persons who associate, or a universality of things which are appropriated to achieve a lawful pur...
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Nov
07

Amendments to the Voluntary Organisations Act

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The Voluntary Organisations (Amendment) Act, 2018 (the "Act") was promulgated on the 6 th November, 2018 to amend the Voluntary Organisations Act and to make consequential and other amendments to the Civil Code and to the Second Schedule to the Civil Code, the Public Collections Act, the Notarial Profession and Notarial Archives Act, the Arbitration Act and the Companies Act. The Act introduces categories of voluntary organisations ("VOs"), namely, government organisations, religious organisations and political organisations. It also incorporates new definitions f...
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Oct
12

Post-Brexit: Establishing a Higher Educational Institution in Malta

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  This article was written by Dr.Edmond Zammit Laferla, Dr.Dorita Cardona and Dr.Joshua Chircop. Following the decision of UK voters to exit from the European Union in 2016, several international schools and universities have been expressing interest in establishing higher educational institutions in Malta. Why Malta? The market for higher educational institutions in Malta has increased exponentially in recent years. The number of licensed entities is growing steadily. Malta is an EU member state and as such benefits from direct access to the EU single market...
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Sep
25

Foundations and Cryptos

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This article was written by Dorita Cardona and Joshua Chircop. Following the introduction of the crypto laws , namely the Virtual Financial Asset Act , the Malta Digital Innovation Authority ("MDIA") Act and the Innovative Technology Arrangements and Services Act , which laid the foundations for Malta's innovative technology sector, Maltese foundations can now be used to issue tokens and carry out trading activities resulting from such operations. [1] A foundation may, subject to such authorisations as may be necessary under applicable laws, issue tokens and carry...
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1325 Hits
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Mar
17

Family Trusts

Family Trusts
This article was written by Veronica Grixti and Joshua Chircop. The main Maltese legislation regulating trusts in Malta, namely the Trusts and Trustees Act, Chapter 331 of the Laws of Malta ('the Act'), provides that a trust may be created to hold property settled by a settlor or settlors for the present and future needs of family members or family dependants, as defined hereunder, who are definite and can be ascertained ('the Family Trust'). Pursuant to the Act, the Malta Financial Services Authority ('the MFSA') has drawn up Rules for Trustees of Family Trusts (...
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