Malta Trusts And Foundations

Malta offers a unique blend of civil and common law elements which are interwoven in a most distinctive hybrid system of legislation. Prior to the adoption of the Trusts and Trustees Act in 2004, trusts were considered somewhat anathema to the domestic legal system, as is to date the position in other traditionally civil law countries. Since 2004, however, the trust industry in Malta has gained momentum, with the private law and commercial benefits of the institute being increasingly valued and considered as an important factor to stimulate further financial growth. A further enrichment of the Maltese legal system resulted in 2007 with the enactment of a comprehensive legislation governing foundations, both private and public in scope.