Why Malta?
Over recent years Malta has established itself as a model jurisdiction in financial services regulation. As in other successful economic sectors the regulatory framework combines well with other advantages Malta can provide in terms of competitiveness, EU membership, strategic access to southern Mediterranean markets and a good working environment.
Captive insurance business is regulated under a set of tailor made rules that take into consideration the current state of the market and possible future developments.
These rules provide for the registration and operation of captive insurance companies which within the Maltese insurance legislation are termed “Affiliated Insurance Companies” (“AICs”).
Some Facts
- Situated in the centre of the Mediterranean Sea between Southern Europe and North Africa
- An independent democratic State with a history of political stability, and a consensus to promote Malta as an international financial centre
- A full member of the European Union since 1 May 2004
- Entered the eurozone on 1 January 2008 and thus the euro is the national currency
- English is used as the language for business
- Population of approximately 380,000
- Already an established banking and financial services centre of international standing with a highly skilled and experienced workforce
- Enjoys a temperate climate
