The company said it will now offer, from its Malta office, the “full spectrum” of professional services in respect of Maltese trusts and foundations. This is in addition to its existing corporate services for the core fiduciary, yachting, aircraft, eGaming, property and family office sectors.
Chris Borg, managing director of Boston Trust and Fiduciary Services (Malta) said: “This is a significant development for the Group as a whole, offering additional flexibility to our international portfolio of clients from a world renowned and flourishing jurisdiction.”
In a statement, the Boston Group said as a civil law jurisdiction, Malta is unusual “in that it acknowledges and embraces the common law concept of equity and, therefore, trusts”.
The company added that the creation of trusts in Malta is not limited to those operating under Maltese law as a foreign proper law can be applied and that flexibility is further enhanced via the possibility of converting an existing Trust into a Foundation, which is not available in other jurisdictions.
