The Momentum Malta Retirement Trust received approval from the Malta Financial Services Authority last week and has been registered with HM Revenue & Customs in the UK.
David Borg, Malta-based director of Momentum, said he was pleased the scheme is one of the “first wave” of schemes to be launched in Malta.
The Momentum plan is one of seven Maltese QROPS now listed on HM Revenue & Customs website, which contains the names more than 2,000 Qualifying Recognised Overseas Pension Schemes around the world.
