Will Malta be the biggest beneficiary of Brexit?

Malta will benefit more than any other financial centre in Europe from Brexit, according to an international asset management group.

As Paris and Frankfurt battle over “Brefugees” more companies could actually choose to move to Malta’s shores because it offers significantly fewer drawbacks than its European Union counterparts.

Jeremy Leach, Chief Executive Officer at MPG, said: “Malta will be the biggest beneficiary following Brexit. After London, it should be the first choice for a financial firm to establish a branch or secondary office because its residents speak English and are well-educated, it provides easy access to the EU and it has an efficient regulatory process.

“It is politically stable, which is not so easy to say with regards to Italy and even France, while it also has a great financial rating, unlike Greece.

“Dublin is good and it offers English but it is more expensive and less tax-efficient than Malta while all the other options in Europe such as Luxembourg, Liechtenstein, Norway, Switzerland or Gibraltar have one or more flaws that weaken their case.”

Jeremy Leach says Malta also has a number of advantages that are supporting its emergence as one of the world’s most important financial jurisdictions. These include its membership of the European Union and the Commonwealth, its tax framework, both domestically and internationally with 65 tax treaties with other countries and the legislation it has put in place around securitsations means it is the only EU jurisdiction outside of Luxembourg that has the legislation in place to offer these flexible tools.

MPG’s Capital Markets Team will be expanding on the company’s views at The Malta Solution – Ahead of the Curve seminar in London on 30 March.

 

1 Response

  1. Malta

    Malta is not the right place for such a Hallowed Regulatory Body like the European Medicines Agency (EMA) to eventually set up shop (Post-Brexit) ; as it does not firmly have the (Fundamental) Technical Expertise and Appropriate Specialist Manpower for such a (Top-Level) EU Role.

    When Malta joined the European Union , Many of it’s Medical Doctors were Automatically Elevated to Specialist Status ; Notably without ever even having any Solid Postgraduate University Qualifications (at the Precise Time of Elevation).

    Yet Many other Doctors (particularly those of a Different Racial Background and Skin Colour) were then Simply ignored , even though most of them had Far More Clinical Qualifications than the Aforementioned Set of Locals.

    There is even an Utterly Shocking Case where a Black EU Doctor was Racially Abused by a Highly Distinguished Cabal of Maltese Public Health Medicine Doctors , who then (Graciously) Sat On his Specialist Accreditation Application for 7 Painful Years ; To Date.

    In Fact , one of those (Allegedly) Racist Maltese Doctors is Now the Superintendent of Public Health ; which Clearly Goes to Show You what kind of a place the Maltese Islands really are – most especially when it comes to (Highly Qualified) Foreigners.

    The UK was primarily chosen as HQ of the EMA because of it’s Formidable , Global and Diverse , Professional Skills Pool ; primarily in relation to Interdisciplinary Healthcare and Clinical Research.

    It would therefore be a Total Regulatory Injustice for Hundreds of Millions of EU Citizens to be (Wrecklessly) Held Hostage by an Obliviously Rotten Bunch of Corrupt Maltese Beaurocrats – and their (Half-Baked) Specialist Wannabes.

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