When considering Maltese Trusts:

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sumaiyakhatun26
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Joined: Sun Dec 22, 2024 8:30 am

When considering Maltese Trusts:

Post by sumaiyakhatun26 »

Malta is one, of a minority of jurisdictions, where the legal system provides for both Trusts and Foundations. A Trust can remain active for a period of up to 125 years from the establishment date, a duration which is documented in the Trust Instrument.

Maltese Trusts can either be tax neutral, or be taxed as companies – income taxed at 35% and the beneficiaries will receive 6/7 refund on active income and 5/7 refund on passive income, as long as they are not resident in Malta.
Lower Set Up Fees to establish a Trust in Malta. Significantly lower administration and set jamaica mobile database up costs are needed, compared to several other countries. Costs such as; audit fees, legal fees, and trust management fees are much lower in Malta, while the professional services provided, using a firm such as Dixcart, are of a high standard.
Key Parties to a Trust
The comprehensive definition of a Trust recognises three elements, which are; the trustee, beneficiary, and the settlor. The trustee and beneficiary are defined as the key components of a Trust in Malta, while the settlor is the third party that establishes the property in a Trust.

The Settlor – The person who makes the Trust, and provides the trust property or the individual that makes a disposition from the Trust.

The Trustee – Legal or natural person, holding the property or to whom the property is bestowed within the terms of the trust.

The Beneficiary – The person, or persons, entitled to benefit under the Trust.
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