Nominee shareholders & directors
Shareholders may choose to remain anonymous by utilising a licensed nominee shareholder. This, effectively, means that foreign funds finding their way to Malta may be transported wherever according to the wishes of the anonymous beneficial owners. Nominee shareholders is the most frequent method used by non resident shareholders which service is very effective. The identity of shareholders of Malta companies is publicly available at the public Register of Companies. However, shares may also be held confidentially on behalf of an undisclosed beneficiary by our trust and fiduciary company which is authorised by the Malta Financial Services Authority to provide trust and fiduciary services.
While the offshore concept of "nominee" shareholder has been removed from Maltese law, licensed trust companies are able to hold shares in the name of beneficiaries under the Civil Law institute of Mandate.
We are also able to provide or procure local directors to ensure effective management and control from Malta where necessary.
Confidentiality Laws in Malta
Moreover, our standards of confidentiality are also backed by the Professional Secrecy Act which has established a high common standard of confidentiality for all professional practitioners. Those who violate professional secrecy may be prosecuted under Section 27 of the Criminal Code and on conviction may be liable to a maximum fine of LM20,000 and/or a 2 year prison sentence. All disclosures ordered by the Court if expressly provided by law remain 'in camera' and are accessible only by the court and the parties.
Malta Trust Services
It may be advisable to hold the shares of an offshore company by a trust to achieve higher levels of tax efficiency. This can result in very substantial tax and non-tax related advantages which will accrue both on death and during the lifetime of the "settlor" of the trust, for instance