ZEDRA has announced that it has received approval from the Malta Financial Services Authority (MFSA) to complete the acquisition of Malta-based Quaestum Corporate Management Ltd initially announced in May this year.
Quaestum Group is an independent corporate service provider based in St. Julians, Malta with a strong track record in the corporate services sector. The firm is dedicated to developing and delivering bespoke corporate management solutions to support sophisticated tax planning strategies for international entrepreneurs and corporations. This acquisition will supplement ZEDRA's already extensive industry experience and provide a strategic base in an important new jurisdiction for the Group.
Malta is both a member of the European Union and has concluded double tax treaties with a large number of countries, making it a particularly attractive base for foreign investment and domiciling international business operations, especially with other European markets which may be facing political, social and economic instability.
Commenting on this new Group acquisition, Niels Nielsen, ZEDRA CEO said, "We are delighted to welcome the staff and clients of Quaestum Corporate Management to the ZEDRA Group. Coming on top of our recent office openings in Miami, Singapore and Luxembourg, our new base in Malta gives ZEDRA additional capability and potential to offer even more imaginative solutions to our clients, as we strive to do more and achieve more."
Quaestum's Managing Director Jan Stockhausen adds, "ZEDRA's new Malta base will offer a range of advantages, particularly in the corporate services sector, where the local legislative regimes are well suited to the development of flexibility in structuring cross border transactions."
ZEDRA is an independent, global specialist in trust, corporate and fund services. The company was acquired from Barclays in January 2016 by an independent investor group, with an ambitious plan to grow the company, expanding and strengthening the services it offers to clients around the world. It currently has 15 global office in 14 jurisdictions including, Jersey, Guernsey, the Isle of Man, Miami, the Cayman Islands, Australia, New Zealand, Hong Kong, Netherlands, Singapore, Luxembourg, the UK and Switzerland.
ZEDRA's 500 strong team of industry experts is dedicated to creating and delivering bespoke solutions for clients. The business is focused on the strong commitment of an experienced team, fostering an entrepreneurial approach to delivering exceptional client services.
ZEDRA has diverse client base including high-net-worth individuals and their families, international corporations, institutional investors and entrepreneurs. Under the ownership of a private independent investor group, ZEDRA have the flexibility, boldness and expertise to respond to complex needs whilst maintaining the highest standards of corporate governance in an ever-evolving regulatory environment.