The Malta Financial Services Authority recently announced that the number of hedge funds licensed in Malta in 2009 continued to grow despite the annus horribilis in the financial markets. Supported by a substantial increase in fund administration capacity, Malta is now recognised as a fully-fledged hedge funds domicile allowing cost-effective access to the European and international markets. Not only are local set-up and servicing costs much lower than in other European jurisdictions, but also the processing of licensing applications is quicker.
In conjunction with Fenlex Group, the team at Fenech & Fenech Advocates can assist clients in the setting up of the necessary corporate vehicles, preparation of prospecti and offering documents/memoranda, the drafting and negotiation of agreements with the functionaries of the fund, the regulatory procedures for licensing, and any listing on the local stock exchange.
With more hedge funds domiciling or re-domiciling to Malta, the jurisdiction is becoming increasingly attractive to fund managers and administrators as one where they can find a highly trained English-speaking workforce and low operational costs.
In conjunction with Fenlex Group, the team at Fenech & Fenech Advocates can assist clients in the setting up of the necessary corporate vehicles, preparation of prospecti and offering documents/memoranda, the drafting and negotiation of agreements with the functionaries of the fund, the regulatory procedures for licensing, and any listing on the local stock exchange.
With more hedge funds domiciling or re-domiciling to Malta, the jurisdiction is becoming increasingly attractive to fund managers and administrators as one where they can find a highly trained English-speaking workforce and low operational costs.
