JTC BOLSTERS EUROPEAN CORPORATE CAPABILITIES WITH MALTA REGISTRATION

Published 8 Apr 2015

JTC has been granted a registration status by the Malta Financial Services Authority (MFSA) as a company service provider pursuant to Article 5 of the Company Service Providers Act, 2013 to provide professional services to third parties including corporate entities from the jurisdiction.

As a recognised ‘Company Service Provider’, and as one of the first service providers in Malta to be granted that status, JTC (Malta) Ltd. is now authorised to provide and perform a range of services to support Malta’s growing image as a strong European and international financial centre.

As well as allowing JTC to form companies and other legal entities, the registration enables JTC to provide registered office, correspondence and address facilities to companies, act or arrange director, secretary or partner facilities to a company or legal entity, and undertake a variety of other related services for a company, such as accounting and day-to-day administration.

Having established a presence in Malta in 2014 in order to widen its geographical reach and strengthen its presence within Europe, JTC intends to build on this Company Service Provider registration and plans are in place to expand its range of services further to include trustee services, administration of private foundations, administration of retirement schemes, asset management and fund administration.

Thanks to its robust regulatory and legislative framework, its membership of the European Union and inclusion in the Eurozone, Malta is considered a major financial hub in the Mediterranean region offering access to European markets and a convenient gateway to North Africa. In particular, Malta has emerged as an attractive jurisdiction for the establishment of international corporate holding structures used in multinational groups, owner-managed companies and for holding the assets of high-net-worth individuals.

Stuart Pinnington, Group Head of Institutional Services, said:

"Obtaining this registration in Malta reinforces our commitment to providing clients with a truly international service. Many of our clients are interested in a strong European base for their corporate work that shares their global focus and, with its EU status and strong ties to Africa, Malta provides us with an excellent platform to meet those needs. This registration positions us strongly for future growth within Malta, and is another crucial step in continuing to expand our global footprint."

Nadine Cachia, Managing Director of JTC’s Malta office, added:

"To be one of the first service providers to be granted this registration sends out a clear message that JTC is committed to Malta and intends to be a major player in the Maltese corporate and fund marketplace. We are now very well placed to meet the needs of the growing number of companies who are seeing Malta as a highly attractive jurisdiction for their global company structuring strategies, whilst our plans to expand our services in Malta further across the fund, pension and trustee spaces reflect our ambition to be recognised as a leading Maltese service provider."