- Malta Named European Domicile of Choice - HFR SP, 2013
- November 29, 2013
- Law Firm: CSB Advocates - Swatar Office
The prestigious Hedge Funds Review Service Provider Rankings (HFR SP) 2013, has ranked Malta as Europe’s top hedge fund domicile, marking another achievement for Malta’s ever growing financial services sector and reaffirming its position as a leading financial jurisdiction. This latest accolade follows Malta’s recent placing as a top 20 financial services jurisdiction in the Global Competitiveness Report drawn up by the World Economic Forum.
Malta topped the European jurisdictions, moving up the ranks from its third place in 2012, with a total of 22.1% of all European votes cast in the annual survey.
The Hedge Funds Review’s executive editor, Margie Lindsay, confirmed that “many more hedge funds are considering Malta as a first-choice domicile” and that “Malta’s attractiveness as a domicile lies in its competitive advantage on cost as well as a regulator that is open to new strategies and approachable by fund managers who are just starting out.”
Malta’s financial services sector accounts for some 12% of its GDP and is worth in excess of €1 Billion to the Maltese Islands in direct and indirect revenue, with approximately 10,000 people employed in the sector.