Family Office Services in Malta

Malta Family offices are companies that handle investment management for wealthy families. Family offices in general are deemed as very important for such families as they provide services for the optimal management of their assets. They provide a range of services including financial planning, investment management, tax planning, estate planning and philanthropy.

Family Office Services in Malta

Family offices typically work closely with the family members so as to understand their financial goals and objectives and develop a customised investment strategy to meet those goals. They also assist with the management of the family’s business by offering guidance on good corporate governance and succession planning advice.

Additionally, some family offices also assist lifestyle services such as concierge services, travel arrangements, and education planning for the younger family members.

The importance of Family Offices for high-net-worth individuals

Family offices offer a wide range of services that are tailored to the special requirements of wealthy people and their families. Family offices play a crucial role in maximising the financial well-being and legacy of high-net-worth individuals by centralising financial administration, providing tailored solutions, protecting money over generations, guaranteeing privacy, and facilitating access to unique possibilities.

Malta's regulatory framework for Family Offices

There is no framework that is specific to family offices, however, Malta has a vast range of laws that tap into the various services that family offices offer. For example, the Company Services Providers Act in Malta makes provision with respect to company service providers and provides for matters ancillary or incidental thereto, hence any family office that will offer corporate services to its high-net-worth clients, needs a corporate services providers licence.

Services Offered by Family Offices in Malta

Some of the services offered in this respect include:

• Tax planning and compliance: We can provide tax planning and compliance services to help clients minimise their tax liabilities and comply with applicable tax laws.
• Estate planning: We can help clients with estate planning, including the creation of trusts, management of trusts, and other trustee services. We can also assist clients with the creation and management of limited liability companies and foundations.
• Legal services: Our legal arm can provide legal advice and assistance to clients on a wide range of issues, including estate planning, tax law, maritime law, and corporate law.
• Relocation – Assistance with various Citizenship and Residence by Investment Programmes available, such as  Caribbean Citizenship by Investment  and European Citizenship by Investment, including Malta Residency and Malta Citizenship by Investment.
• Real Estate – Rental & Sale, Investment & Management.
• Luxury Assets – Asset Management in Malta, Registration & Ongoing Management of Yachts and Aircrafts.
• Concierge Services – Assisting with Travel logistics, Schooling and Domestic Bill Paying
• Corporate Governance – Company Administration, Regulatory & Compliance.
• Fiscal Compliance – Payroll, VAT, Book-keeping, Financial Reporting & Internal Audit, acting as your Financial Advisor in Malta.
• E-commerce – iGaming, VFA/Fintech & Financial Licensing, and function Outsourcing.

The future of Family Offices in Malta

Through a focus on Family Offices, a solution used widely around the world, Malta has the chance to carve out a space for itself by promoting Malta as attractive for the formation of Family Offices. The goal is to draw qualified individuals to Malta to handle the primary duties traditionally assigned to family offices. Furthermore, Maltese enterprises, many of which are in their third generation and are just beginning to deal with strategic concerns like succession, asset preservation, and investments, would greatly benefit from a strong framework for family offices. With a focus on the families of High Net Worth and Ultra High Net Worth Individuals, the proposal is for Malta to present itself as a reliable European/Mediterranean domicile for the creation of Family Offices.