INVESTMENT SERVICES AND FUNDS

Malta has successfully acquired a reputation as an international funds domicile, positioning itself as a primary
jurisdiction for retail funds, including Undertakings for the Collective Investment in Transferable Securities
(UCITS) schemes as well as hedge funds, amongst others, whilst offering easy access to the European
investments market. Since joining the EU in 2004, Malta has transposed various EU fund regimes (in particular,
the Alternative Investment Fund (AIF) and UCITS regimes). It has, however, also retained its Professional
Investor Fund (PIF) regime, that is the popular Maltese hedge fund. Malta has, in recent years, also introduced
an AIF variant, namely the Notified Alternative Investment Fund (NAIF).

Malta offers a range of customisable fund vehicles (including investment companies, limited partnerships,
foundations and unit trusts), which can be adapted to suit evolving investment policy.

The country is also home to a number of investment services providers, including fund administrators, managers,
including alternative investment fund managers (AIFMs) and fund custodians.

Malta is being viewed as a complementary jurisdiction to Ireland and Luxembourg in terms of fund domiciling as
well as servicing, while boasting lower set-up and administration costs.
City Legal is available to assist with:
– the set-up of all types of investment funds, such as retail and UCITS funds, hedge funds (including PIFs
and AIFs), private equity funds, exchange traded funds, and managed account platforms, which will
involve a careful analysis as to the fund vehicle opted for, as well as the authorisation, promotion,
ongoing compliance and re-organisation of investment funds, depending on your requirements;
– the set-up, authorisation and ongoing compliance of investment services providers, including hedge
fund managers, AIFMs and private equity managers, and fund custodians; and
– advice on various regulatory matters relating to compliance in the investment services / asset
management fields, which may or may not involve cross-border elements.