Bank offers assets registration service

Bank of Valletta is offering registration services to clients seeking to register assets held overseas under the Investment Registration Scheme which the government has extended until June 16.

The service is available from all branches and subsidiaries of Bank of Valletta.

Speaking about the scheme, Simon Azzopardi, from BOV's private wealth management division, said that this was the ultimate opportunity available for Maltese residents holding assets overseas to regularise their position under the Exchange Control Act and the Income Tax Act.

Mr Azzopardi also highlighted the importance of careful evaluation of the scheme in the light of the imminent implementation of the EU Directive on Taxation of Savings Income (Savings Directive).

To this end, Bank of Valletta is extending its free financial advisory service to all individuals registering their foreign holdings of assets under the scheme.

Financial advice is available from all BOV branches.

The bank's private wealth management division will also be extending its independent advisory services to individuals with substantial liquid assets. The division employs financial advisors specifically trained to analyse the individual's financial requirements and to recommend customised financial solutions designed to maximise the client's personal wealth.

As an added incentive to such investors, Bank of Valletta is also offering a wide array of investment products in major currencies at favourable terms.