1. Introducing QROPS
A Qualified Recognised Overseas Pension Scheme (QROPS)
established in Malta is a pension scheme registered in Malta that
has been approved by HMRC in the UK to accept transferred funds
from existing UK schemes. The scheme is subject to the laws and
regulations of the Maltese jurisdiction allowing contributors to
enjoy the flexibility of a scheme established outside of the UK
system. However, the scheme still offers a high degree of security
as it must meet the high standards established by the HMRC and the
Maltese regulatory authorities.
2. Establishing a QROPS in Malta
In order to establish a QROPS in Malta, a retirement scheme must
firstly be created in accordance with the Special Funds
(Regulation) Act, 2002 which regulates retirement schemes in Malta.
This can be done by way of either a trust or a contract to the
satisfaction of the Malta Financial Services Authority (MFSA). If
the scheme is established by way of a trust (as is usually
