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ARTICLE · 25 FEBRUARY 2020

Malta Foundations

Mamo TCV Advocates
Mamo TCV Advocates
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Mamo TCV Advocates

Mamo TCV Advocates

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Maltese law allows for the establishment of various types of foundations, whether for a social or private purpose or for the benefit of named beneficiaries or a class thereof.

MaltaWealth Management

INTRODUCTION

Maltese law allows for the establishment of various types of foundations, whether for a social or private purpose or for the benefit of named beneficiaries or a class thereof.

DEFINITION OF FOUNDATION

A foundation is an organisation consisting of a universality of things constituted in writing, including by means of a will, by a founder or founders whereby assets are destined either:

  • (a) for the fulfillment of a specified purpose; and/or
  • (b) for the benefit of a named person or class of persons,

and which are entrusted to the administration of a designated person or persons.

TYPES OF FOUNDATIONS

  • 1. Purpose foundations
  • (a) Public benefit foundations

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