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Joseph Dalli Bailey McCann, Opalesque New York:

Malta is positioning itself to be a friendly jurisdiction for hedge funds. The small country is rarely mentioned in any context, but it is gaining traction as a financial center with advantageous tax structures - especially for hedge funds.

"A variety of organizations, not just hedge funds can take advantage of the tax structure in Malta," explains Joseph Dalli, Partner, Safe Harbor Management Group in an interview with Opalesque. New York-based Safe Harbor Management provides tax structuring and financial advisory services to individuals and firms seeking to take advantage of frameworks such as the U.S. Dual Tax Agreements (DTAs) the U.S. maintains with Malta.

Currently, over 500 hedge funds with more than $10bn assets under management are located in Malta. That number is expected to grow as funds and other firms work to comply with new regulatory requirements inside and outside the EU. As investors look for more transparency and protection from risk, many funds are seeking ways to comply, Malta allows organizations to set up in compliance with both EU and US rules.

The Malta Financial Services Authority’s membership in the Committee of Securities Regulation (CESR) has also been sighted as point of investor confidence when considered over more typical financial centers like the UK which has recently lost some firms due to increasing regulatory pressures. Cost of living is also much lower than cities like London.......................

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