Claris
Trustees & Fiduciaries Ltd, our
wholly-owned licensed trust company, is one of the foremost
Maltese trust companies licensed by the
Malta Financial Services
Authority.
Claris enjoys Professional Trustee Status in terms of the
new Trusts and
Trustees Act 2004. The new legislation, replacing the 1998
law, provides for the creation of trusts in Malta and regulates
organizations providing
trustee services in Malta.
Our
trust company acts as professional trustee to a number of private
trusts including trusts holding estates of high net worth individuals,
including real estate and immoveable property, art, vessels, luxury
vehicles and aircraft. Claris provides confidential wealth
ownership and management for local and foreign HNW individuals.
The Claris management team is composed of lawyers, accountants, financial
advisors and a notary public, bringing together the strategic mix of
skills and experience necessary for the running of a high-calibre trust
operation. Under its full trust licence, Claris is
authorised to conduct the following activities:
-
to act as a
Professional Trustee
-
to administer Private Foundations
-
to provide fiduciary and nominee services
To view our listing as a licensed company on the website of the Malta
Financial Services Authority, please
click here.
The Malta Financial Services Authority
The
Malta Financial Services
Authority
(MFSA) is responsible for the
authorisation, regulation and supervision of trustees. The MFSA also
licenses, regulates and supervises banking and financial institutions, and
investment services business.
The MFSA is an autonomous public authority constituted and regulated by
the Malta Financial Services Authority Act (“MFSA Act”). The MFSA aims to
provide a seamless regulatory function for financial services. It also
houses the Registry of Companies.
The MFSA requires the highest standards of probity and honesty. Every
licence is issued subject to standard conditions which may be adapted to
suit certain circumstances so long as standards are not compromised.
Corporate Trustees under the Trust & Trustees Act 2004
The trustee is the person or persons holding or in whom the property
is vested on trust for the beneficiaries. Trustees are usually appointed
by, or as provided in, the trust instrument and in such number as may be
so provided. A trustee may be a natural person provided he is of full age
and legal capacity and not under any legal impediment to so act.
A trustee may also be a juridical person the objects of which include
acting as trustee. A corporate trustee can be defined as a trustee which
is any legal person wherever incorporated.
.
