Vistra, the international provider of cross-border solutions for corporate structuring and wealth protection, announced that it has acquired the Maltese financial service provider International Beneficiary Services Ltd.

The Vistra Group operates in 16 jurisdictions (now including Vistra Malta) providing services to multinational corporations, financial institutions and high net worth individuals. Each office within the group provides a full range of trust, corporate and estate planning solutions and guarantees a personal and tailored service to each client.

IBSL was established in 2001 and has been regarded as one of Malta’s leading corporate service providers, delivering personal and tailored solutions to high net worth individuals, international corporations and institutional investors. It continues to trade as part of the Vistra Group offering:

• Incorporation, administration, accounting, management and other corporate services for Maltese (holding/finance/royalty/shipping) companies;

• Relocation services for EU and non-EU individuals and re-domiciliation services for companies who wish to establish a tax residency in Malta to benefit the favourable tax regime;

• Set-up, re-domiciliation and administration of investment funds.

Chris Sammut and Joanna Agius, who were directors of IBSL, will lead Vistra Malta, together with Rubrecht Rosman, who will be appointed as director in Malta and also join the Vistra Group executive board.

Bart Deconinck, Vistra Group’s chief executive officer, said: “This is another step towards our objective of becoming recognised as a top-five company in our industry. The Maltese products complement the financial solutions that Vistra already provides and will therefore strengthen Vistra’s position as a truly personal, global and independent provider of trust, fiduciary, corporate and fund services.”