In a press conference held on 20 April, Parliamentary Secretary Tonio Fenech announced that the government is extending the Investment Registration Scheme for a final period until 16 June.

Bank of Valletta offers registration services to clients seeking to register assets held overseas under the scheme, which 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: “This is 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).

Bank of Valletta is therefore 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 advisers 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 these investors, Bank of Valletta is also offering a wide array of investment products in major currencies at favourable terms.

Interested parties are encouraged to contact the Savings & Investments Officer at their nearest branch or call the bank’s Customer Call Centre on 2321 3020 between 8am and 8pm.