Malta "Top European Domicile" For Hedge Funds
by Jason Gorringe, Lowtax.net, London
10 December, 2013
Malta has for the first time been named Europe's most favored hedge fund domicile in the prestigious Hedge Funds Review Service Provider Rankings 2013.
The island moved up from last year's third position after securing 22.1 percent of all European votes cast. Eligible voters were individuals from single-manager hedge funds or Fund of Hedge Fund (FoHF) organizations and investors.
Malta has issued more than 400 investment services licenses since it joined the European Union in May 2004.
"Malta's attractiveness as a domicile lies in its competitive advantage on cost as well as a regulator that is open to new strategies and approachable by fund managers who are just starting out," Margie Lindsay, Executive Editor of Hedge Funds Review said.
The country was also ranked as a top 20 financial services jurisdiction in the Global Competitiveness Report compiled by the World Economic Forum, and the Organization for Economic Co-operation and Development recently declared that it was fully compliant with requirements on international transparency standards and the exchange of information for tax purposes.
Financial services currently make up about 12 percent of Malta's gross domestic product, generating more than EUR1bn (USD1.37bn) in direct and indirect revenue.
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