"Malta has also begun to win business from more-established fund jurisdictions. The island has benefited from a growing demand by investors for transparency as well as from fears among hedge funds that the EU was becoming increasingly hostile to firms based outside of it.
In 2010, nine companies from the British Virgin Islands, seven from the Cayman Islands and six from Luxembourg switched their legal domicile to Malta, according to the MFSA. In addition, at least a dozen large U.K. hedge funds and funds of hedge funds have shifted part of their operations, including accounting and investor relations, to Malta.
[Paul] Keegan says adjustment to life on Malta is easy. U.K. newspapers and British television are ubiquitous. Public telephone booths are even the same iconic red ones found in Britain. Keegan doesn’t miss London’s weather. Malta averages 300 days of sunshine per year. And he and his wife are building a house on the island, something he says they could never have afforded to do in London, where they lived in a two-bedroom apartment."
--http://www.bloomberg.com/news/2012-01-05/malta-lures-connecticut-hedge-funds-with-300-days-of-sun-aided-by-eu-rules.html
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