MALTA - REITWAY GLOBAL PROPERTY FUND (MLT)

The Maltese archipelago consists of three islands: Malta, Gozo and Comino. Located in the middle of the Mediterranean Sea, at the crossroads between Europe, North Africa and the Middle East, Malta offers a gateway between regions to or from the EU and neighbouring Mediterranean markets.

Malta

Overview

The Maltese archipelago consists of three islands — Malta, Gozo, and Comino — located in the heart of the Mediterranean Sea. Positioned at the crossroads between Europe, North Africa, and the Middle East, Malta serves as a strategic gateway to and from the European Union and neighbouring Mediterranean markets.

Investment Landscape

Favourable Business Environment

Foreign Direct Investment (FDI) is a cornerstone of Malta’s service-driven economy, supported by a legal and regulatory framework designed to attract and protect investors. The World Economic Forum ranks Malta 11th globally for competitiveness.

Key advantages include:

  • An English-speaking, highly skilled workforce
  • Modern communications infrastructure
  • Lower social and labour costs than most European countries
  • A single, flexible regulator — the Malta Financial Services Authority (MFSA) — known for its efficiency and attention to detail
  • The presence of all Big Four accounting firms

Malta’s position as a midshore EU jurisdiction allows for fund passporting and domiciliation across the European Union. Combined with its efficient fiscal regime, ethical, multilingual workforce, and favourable climate, Malta offers an attractive environment for investment and fund establishment.

Tax Framework

Tax Information Exchange Agreements

Malta maintains agreements with:
Bahamas, Bermuda, Gibraltar, Cayman Islands, United States of America.

Double Taxation Treaties

Malta has an extensive double taxation treaty network currently in force with:
Albania, Australia, Austria, Azerbaijan, Bahrain, Barbados, Belgium, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Georgia, Greece, Guernsey, Hong Kong, Hungary, Iceland, India, Ireland, Isle of Man, Israel, Italy, Jersey, Jordan, Korea, Kuwait, Latvia, Lebanon, Libya, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mauritius, Mexico, Moldova, Montenegro, Morocco, Netherlands, Norway, Pakistan, Poland, Portugal, Qatar, Romania, Russia, San Marino, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Syria, Tunisia, Turkey, United Arab Emirates, United Kingdom, United States of America, Uruguay, Vietnam.

Taxation of Funds

  • Exemptions: Collective investment schemes (CIS) are generally exempt from income and capital gains tax, provided they do not invest in immovable property situated in Malta.
  • Local asset threshold: Funds with at least 85% of assets invested in Maltese property may be taxed at 35% on investment income.
  • VAT: The activities of a CIS are exempt without credit for VAT purposes.

Financial & Audit Requirements

Financial Statements:
Fund directors must prepare financial statements for each period in accordance with International Financial Reporting Standards (IFRS). These statements must provide a true and fair view of the fund’s financial position and results.

Audit Requirement:
All funds are subject to statutory audit.

Regulator

Malta Financial Services Authority (MFSA)
Notabile Road
Attard BKR 3000 
Malta   
T: (+356) 2144 1155
E: [email protected]