Applying for a VFA License in Malta requires the applicant to be a legal person established in Malta and act in an ethical manner, conducting themselves with Integrity, Competence, and Solvency, and being regarded as “Fit and Proper”.
If the applicant meets the above-mentioned criteria and is officially instated as a VFA Service Provider in Malta, he/she can then apply for the HQP Rules where they will benefit from a flat tax rate of 15% up to a maximum income of €5M. Any excess on the said sum is exempt from tax.