April 11, 2024
The latest OECD report (the "report") issued in March 2024 found Malta to be largely compliant with the OECD requirements. The report assessed Malta's legal and regulatory framework, especially the requests concerning "Exchange of Information". The report was issued by the Global Forum of Transparency and Exchange of Information for Tax purposes.
Since 2020 Malta introduced new compliance monitoring measures under the regulations on cooperation with other jurisdictions. Whilst a new set of recommendations was issued in the report in particular to ensure proper nominee disclosers, the fact that Malta was classified as largely compliant, confirms the work undertaken by the financial sector during the last four years, which again strengthens the message that Malta can be seen as a jurisdiction of choice to set up fund structures, whilst stakeholders can rest assured that the jurisdiction is a top quality jurisdiction in conformity with the latest EU laws and regulations.