Malta is an English-speaking jurisdiction with excellent regulation and a flexible approach to QROPS. As a full EU and Commonwealth member, the island has a long history of economic and financial security.
Any Retirement Scheme / plan is to be registered by the MFSA and is recognised by the HMRC as a QROPS. Malta is on the OECD ‘White List’ for global standards in tax co-operation and information exchange.
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Every pension scheme has to be independently regulated by the Malta Financial Services Authority (MFSA) This gives the island a very high level of security and confidentiality.
With legislation based on the UK model, companies who wish to administer retirement schemes have to be registered in terms of the Special Funds (Regulation) Act, making Malta’s QROPS provision amongst the best-regulated in the world.
All retirement schemes on the island are governed by the Special Funds (Regulation) Act 2002, which states that applications must be clearly specified and accompanied by a trust deed or scheme document.