Maltese law resembles English and continental-European law. Malta's global regulatory policies are based on those of the British Commonwealth. The country participates actively in the OECD.
Part of the European Union
In 2004, Malta joined the European Union. The move signaled major growth for the country's financial-services sector; cross-border opportunities are flourishing.
The Euro as Currency
The Euro became Malta's currency on 1 January 2008. Despite the new currency, companies and investment funds have maintained the liberty to keep their capital—and, indeed, to operate—in any currency.
As of 2002, a single, consolidated entity regulates Malta's financial industry: the Malta Financial Services Authority (MFSA). This is an independent, public organization that oversees all the country's banking, investment and insurance business.
In tax matters, Malta was a global leader in reaching agreement with the OECD. That means the country has adopted international tax standards for transparency. Malta maintains tax treaties with 44 countries.
United Trust deems Malta a safe jurisdiction in which to conduct business.