BOV Fund Services

BOV Fund Services Ltd is Malta’s fund industry pioneer and a fully owned subsidiary of Bank of Valletta plc, Malta’s largest banking group. The Company was set up in 2006 to provide a comprehensive and integrated range of high-end fund administration solutions to the funds industry.

Through the dedication of its highly qualified and professional human resources as well as significant investment in state-of-the-art technology, BOV Fund Services has positioned itself as Malta’s leading fund administration company, with assets under administration representing over 20% of the local market share.

The Company also provides fund managers and promoters from multiple jurisdictions with a one-stop-shop solution in delivering fund structuring and redomiciliation solutions on a turnkey basis, as well as a comprehensive suite of fund administration services including fund accounting, shareholder registry, regulatory reporting, corporate services, and other ancillary services.

BOV Fund Services is recognised as a Fund Administrator and licensed as a Company Services provider by the Malta Financial Services Authority.

Our Services

Turnkey Setup:

• Fund Formation Turnkey Solutions
• Asset Management Company Formation
• Management of licensing process

Fund Administration:

• Fund Valuation
• Maintenance of Shareholder Registry
• Fund Accounting
• Regulatory Reporting
  • FATCA Reporting
  • Common Reporting Standard (CRS) Reporting
  • KIIDs
  • AIFMD Reporting
  • Central Bank of Malta (CBM) Returns

Other Services:

• Company Secretarial Services
• Back-office services to Asset Management Companies
• Listing on the Malta Stock Exchange
• Passporting
• Cross-Border Mergers

Fast Facts (as at end 2019)

• Funds under Administration: 119
• Assets under Administration: €3.7 billion
• Shareholder Registry: 69,000
• NAVs issued: >8,500 per annum
• Market Share – Number of Funds: 20%; Assets under Administration: 25%
• Employees: >50
• Client base: Most EU countries, UK, Switzerland, Turkey

Malta’s Fund Industry

Malta’s positioning as an international EU-based fund and asset management domicile presents a compelling proposition for fund managers either planning to set up or redomicile their funds or asset management operations to Europe. The growth of Malta as a fund domicile has been spearheaded by the registration of numerous funds under the Professional Investor Fund (PIF) regime; a regime unique to Malta and which allowed for the internationalisation of the domicile.

Malta continues to increasingly enjoy recognition as a fund domicile of repute due to a number of unique advantages offered by the domicile including, but not limited to:

• The strategic geographic location and time-zone
• Strong and stable economic status
• English as an official language
• Robust legal and regulatory framework
• Highly developed operational and services framework
• Highly skilled and multilingual workforce
• A single regulator with a pro-business approach
• Time-to-market considerations
• Cost efficiencies
• Tax considerations