MALTA Trends and Developments Contributed by: Nicholas Valenzia and Joshua Chircop, Mamo TCV Advocates
Conclusion Malta is a jurisdiction of choice for financiers and les - sors with global lenders already well acquainted with the local set-up and with a history of financing sig - nificant portfolios of assets. This is partly due to the island’s robust legal framework, creditor-friendly legis - lation, and strategic adoption of international conven - tions. The ratification of the Cape Town Convention provides legal certainty and streamlined enforcement of security interests, making Malta attractive to finan - ciers. The Aircraft Registration Act further enhances this by allowing for the registration of international interests, fractional ownership, and IDERAs, while ensuring transparency and protection for stakehold - ers. Additionally, Malta continues to offer a competi - tive corporate tax regime and flexible corporate struc - tures, including securitisation and cell companies, which support efficient aircraft leasing and financing operations generally.
EU is looking to put pressure on Russia’s economic capabilities and limit the country’s ability to sustain military operations. Upcoming Developments The Malta Financial Services Advisory Council has launched a National Strategy for the Financial Servic - es Sector which is proposing areas where Malta could become a centre of excellence, particularly in the air - craft leasing space. Malta is already a well-established jurisdiction in the aviation sector, with legislative and accounting frameworks, and commercial and infra - structural systems which are conducive to attracting further investment in the aviation industry. The Council, together with FinanceMalta and other stakeholders, is focused on identifying factors such as availability of space, financing, and personnel expe - rienced in aviation set-up to enhance Malta’s com - petitiveness. The local legal infrastructure is being improved with measures relating to the enforcement of share pledges in Maltese aviation companies, and further facilitation tools are being added relating to aircraft importations. The authorities are also looking at a possible expansion of Malta’s double tax treaty network, in particular with key jurisdictions repre - senting potential targets for aircraft leasing business. Significant work has already been undertaken in this respect, and further developments are expected soon.
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