Malta's
banking system has undergone rapid development and is continually upgrading
its services to complement the accelerated industrial development taking
place in Malta. The Central Bank plays a vital role in the implementation
of the Government's monetary policies, and its main functions are similar
to those of European Central Banks. These include the issue of currency,
maintenance of the external reserves and acting as a banker to Government
and the commercial banks. Over the past decade, Malta has moved from
being an offshore to an onshore jurisdiction. It has completed a program
of reforming all its finance sector legislation in line with international
best practice and was one of the first six countries in the world to reach
an advanced accord on fiscal matters with the Organization for Economic
Co-operation and Development (OECD). As a result of this agreement Malta
is NOT considered as a tax haven. It is actively involved with the OECD,
the EU and the Commonwealth in modeling global regulatory policy.
Malta’s finance industry has benefited significantly from the country’s
national policy of moving to the mainstream. Financial services is the
fastest growing sector of the Maltese economy and one of the most important
employers of trained professional staff.
Akbank
offers a wide range of retail, commercial, corporate, private banking
and international trade finance services. In addition non-banking financial,
capital market and investment services are provided by the Bank’s subsidiaries
including Ak Leasing, Ak Securities, Ak Investment Fund, Ak Asset Management.
Through
a global network linked by advanced technology, the Group provides
a comprehensive range of financial services, including commercial banking,
merchant banking and capital markets, consumer finance, securities, investment
and insurance.
The
bank is licensed to offer all financial services exclusively to non-Malta
resident corporate customers in all currencies except Maltese Lira. Our
main area of marketing is Austrian Corporates.
Since
1.1.1997, Tekstilbank's investment banking operations are being realized
through Tekstil Menkul Degöerler A.S¸., a participation of the
Bank, established in accordance with the Capital Market Regulations. All
Bank branches realize transactions as agencies of Tekstil Menkul Degöerle
We incorporate
the latest advances in financial analysis to update your current financial
plans or develop a completely new investment proposal for your assets.
An Offshore
Corporation is a paper interface that acts to separate an individual from
direct ownership of assets. What does that mean and how can we make use
of it? The author explains the IBC and its uses in easy to understand
language.
Dean Demos
has been a tax professional for over 15 years, specializing in US Individual
Taxation. Hesays, "There are 3 ways to eliminate the double taxation of
your income by your new country and the US: the Foreign Earned Income Exclusion
(FEIE), the Foreign Housing Exclusion/Deduction (Housing exclusion) and
the Foreign Tax Credit (FTC). You can use them separately or together
to get the tax savings."
Until a few
years ago, the typical offshore investor did not have access to the payment
convenience and flexibility associated with a credit card–at least not
from the standpoint of accessing and spending the money he or she had safely
placed offshore.
Malta's
banking system has undergone rapid development and is continually upgrading
its services to complement the accelerated industrial development taking
place in Malta. The Central Bank plays a vital role in the implementation
of the Government's monetary policies, and its main functions are similar
to those of European Central Banks. These include the issue of currency,
maintenance of the external reserves and acting as a banker to Government
and the commercial banks. Over the past decade, Malta has moved from
being an offshore to an onshore jurisdiction. It has completed a program
of reforming all its finance sector legislation in line with international
best practice and was one of the first six countries in the world to reach
an advanced accord on fiscal matters with the Organization for Economic
Co-operation and Development (OECD). As a result of this agreement Malta
is NOT considered as a tax haven. It is actively involved with the OECD,
the EU and the Commonwealth in modeling global regulatory policy.
Malta’s finance industry has benefited significantly from the country’s
national policy of moving to the mainstream. Financial services is the
fastest growing sector of the Maltese economy and one of the most important
employers of trained professional staff.