ZEDRA has received the green light from the Malta Financial Services Authority to complete the acquisition of Malta-based Quaestum Corporate Management, a deal first announced in May this year.

Quaestum Group is an independent corporate service provider based in St Julian's, Malta, focused on the corporate services sector. The firm develops bespoke corporate management solutions to support sophisticated tax planning strategies for international entrepreneurs and corporations.

The deal will provide ZEDRA with a strategic base in what the company sees as an "important new jurisdiction" for the group.

Malta is both a member of the European Union and has double tax treaties with a number of countries, making it an attractive base for foreign investment and domiciling international business operations, especially with other European markets which may be facing political, social and economic instability, ZEDRA said in a statement.

"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," Niels Nielsen, ZEDRA chief executive said.

Quaestum's Managing Director Jan Stockhausen added: "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 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, employing a 500 strong team.