Fiduciaries

Fiduciary ( Nominee ) Legislation

Licences to act as fiduciaries (nominees) are strictly controlled by the MFSA and only granted to companies after a rigorous compliance exercise on both the company and the shareholders and directors are carried out.

Moreover, at least two of the three mandatory directors must be professionals with a degree and who must have passed a certain diploma course on trusts and fiduciary services. Fiduciary companies can only carry out activities in the following areas:

-Holding shares on behalf of the ultimate beneficial owners;

Shares held under fiduciary will remain confidential. The identity of the ultimate beneficial owners will not be revealed even to the MFSA (the regulator) or the tax authorities. These confidentiality standards are set in law and are found in the Professional Secrecy Act. Any breach of these confidentiality rules can carry a prison term of two years.

Our subsidiary – CRV International Limited – is licensed by the Malta Financial Services Authority (MFSA) under the Trusts and Trustees Act to act as fiduciary.