A change in administration does not imply the fundamentals of the financial services sector will be altered and the new government is committed to consolidating Malta’s success and enhance its reputation.

The pledge was made yesterday by Economy and Investment Minister Chris Cardona and the Parliamentary Secretary for Competitiveness and Economic Growth, Edward Zammit Lewis, when Finance Malta launched its new investment guides at the Malta Stock Exchange, in Valletta.

Both pledged their cooperation with all stakeholders.

The financial services sector has experienced sustained growth over the past 17 years to evolve into a major economic pillar. The jurisdiction boasts 26 banks, 80 licensed asset managers and just under 600 locally domiciled funds.

Finance Malta has published a second edition of its five investment guides, a year early, after the first 10,000 copies of each were snapped up. They were first published last year. This edition’s print run has been doubled.

The guides, designed as promotional tools to market Malta’s business and lifestyle offering, focus on the key sectors: credit and financial institutions; insurance and pensions; investment funds and asset management; trusts and foundations; and wealth management.

They feature practical and bespoke information for decision-makers, relating to the operating environment, taxation and real estate.

Intended to have a lifespan of two years, the guides are used by the Finance Malta team and its members in the legal and finance community to attract business to the island.

The content has been updated to reflect regulatory and industry developments in partnership with associations representing the professionals in each industry.

“This stakeholder approach underlines that Malta has the services, products and skill sets across the board to support global business,” Finance Malta chairman Kenneth Farrugia said.

Digital versions of the guides are available to download from financemalta.org.