By Yusra Barmaz
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.