News & Events - 2012
Malta continues to attract start-up financial firms
Sturgeon Ventures, a UK based incubator start-up firm, has established three of its fund manager clients in Malta, a jurisdiction it sees favourable to attract an increasing number of start-up financial firms.
Seonaid Mackenzie, managing partner at Sturgeon Ventures, commented "Malta is a perfect regulatory jurisdiction for start-ups. It has a fast-growing financial services community and the authorities are very engaging and understanding. It is well on the way to becoming one of the world's most highly respected financial centres."
Moreover, "low cost, efficient regulation and access to the European Union are the three key attributes that are putting Malta increasingly on the wish-list of financial firms looking for a regulatory jurisdiction."
"Malta has many advantages for us. It uses the English language and the traditions of the UK legal system. you get the same service levels as in other countries. it is a sovereign country of good standing within the EU" commented Adrian Elwood, managing director of Clerkenwell Capital.
"Ascent Software is proud to see Malta being recognised for the value it brings to the financial space. Being committed to this vertical, both locally, as well as through our Jersey office in the Channel Islands, allows us to be increasingly in tune with the goings on of the financial space," said Joseph Sultana, Managing Director of Ascent Software.