Sat, Oct 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Malta to declare the Island of Filfla a tax free zone for hedge funds and hedge fund managers

Tuesday, April 01, 2014

Matthias Knab, Opalesque:

Taurus Orators, the well-known alternative thinking group, have persuaded the Maltese Authorities to declare the Maltese island of Filfla as a tax free zone to encourage hedge fund managers to move to Malta and to domicile funds within the EU.

The Three Maltese Islands of Malta, Gozo and Comino are well known to the international community, but the island of Filfla has never featured although it is in close proximity to the west coast of the main island of Malta.

Filfla is famous as being used by the cinema industry as the setting for the imprisonment of the Count of Monte Cristo.

Malta itself has become a popular destination for the setting up and domiciling of hedge funds within the EU.

The move by Malta is likely to be controversial with Brussels who is very keen to have tight control over hedge funds and is imposing stiffer and stiffer rules on hedge funds in the form of AIFMD, and also plans to restrict the financial remuneration of hedge fund managers.

Dr Adolph R Shole, the Chairman of Taurus Orators is absolutely delighted with the Maltese authorities’ acceptance of Taurus Orators proposal and will be marketing the island to the hedge fund industry.

Dr Shole added: "At long last a European country has realized the value of the hedge fund industry’s contribution to the financial stability of the global economy. The traditional financial centers of London, Dublin and Luxembourg will have strong competition."

T......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to