Select a region
Local fiduciary company, Imperium Trust Company Limited has been granted a fiduciary licence by the Malta Financial Services Authority to open an office on the island.
licence by the Malta Financial Services Authority to open an office on the island.
This expansion forms part of the company’s longer term growth strategy and will enable Imperium to continue to provide the products and services to address the current and future needs of its growing client base.
David Gilmour, Director of Imperium Trust said: "There are a number of aspects of wealth management which have become increasingly difficult to offer from Guernsey. There has been a degree of uncertainty over the future of property development and intellectual property structuring for example. This year’s UK budget finally clarified the position and measures are being introduced by HMRC that will remove the benefits for this type of planning to be undertaken locally for UK clients. Having anticipated this situation, we wanted to ensure that we were in a position to continue to provide these services to our clients as well as being able to offer the numerous other benefits available through EU-domiciled entities."
Imperium’s offices will be located in Malta’s capital Valetta and a team of five has been appointed, headed up by Robert Owen, a trust professional who has worked in senior positions in a number of jurisdictions and who will be relocating to Malta to take on this new post.
Mr Gilmour said: "The Malta operation will be complementary to our Guernsey-based service provision. Having an EU-based entity will ensure that we are able to provide an extremely flexible service to existing and new clients - something that is becoming increasingly important as we continue to develop new geographic markets.
"This is an exciting time for Imperium Trust. We have grown quite substantially since the company’s inception in 2011, including the acquisition of the Guernsey-based fiduciary company Saltire Trust in 2014.
"Opening an office in another jurisdiction is a major step for us but one that we have been planning for some time and which is indicative of our confidence in our on-going success."
