GVZH Trustees Limited is licensed by the Malta Financial Services Authority to provide trust and fiduciary services. A fiduciary arrangement would involve GVZH Trustees Limited holding and administering specific assets (namely securities) on the basis of instructions provided by the beneficial owner of such assets.
The fiduciary is bound by onerous fiduciary obligations set out principally in the Trusts and Trustees Act (Chapter 331 of the Laws of Malta) as well as the Civil Code (Chapter 16 of the Laws of Malta) to protect such asset or assets and to administer them for the benefit of the owner.
GVZH Trustees Limited applies the highest standards of customer confidentially and discretion. It places clients’ mind at rest in the course of its holding, management and administration of securities and other assets.
It is worth highlighting that the identify of all shareholders in a Malta-registered company is accessible to the general public through a website maintained by the Malta Business Registry. It is possible however for shareholders to avail themselves of a fiduciary shareholding arrangement whereby the fiduciary will be registered as the holder of these assets. On this point it is worth highlighting that as of the 1st of January 2018, all Maltese companies are now obliged to identify, record and report beneficial owners to the Malta Business Registry in compliance with the Companies Act (Register of Beneficial Owners) Regulations 2017 – Legal Notice 374 of 2017. Through more recent amendments, the register of Beneficial Owners may now be accessed by the general public. Such information will be limited to the name, month & year of birth, nationality, country of residence and extent of ownership. An exception to this has also been included for persons who may be at a disproportionate risk of fraud, kidnapping, blackmail, extortion, harassment, violence and intimidation, or where the beneficial owner is a minor or otherwise legally incapable.