Malta is set to be the big winner of the EUs Ucits IV
legislation package released this month.
The schemes newly-confirmed passport provisions,
coupled with the countrys liberal redomiciliation
guidelines, will give Malta an edge over the EUs other
fund centres in attracting Ucits-compliant structures.
We are seeing an increase in the number of funds
establishing themselves in Malta, said Katya Azzopardi,
partner at Simon Tortell & Associates in Valletta. This is
largely due to the fact that many promoters wish to set up
funds within an EU jurisdiction.
It will also...