VFA Agent

Maltese law defines a Virtual Financial Asset as “any form of digital medium recordation that is used as a digital medium of exchange, unit of account, or store of value and that is not electronic money, a financial instrument, or a virtual token.” The law requires issuers to appoint a VFA agent in Malta in the Virtual Financial Assets Act (VFAA). Are you looking for the right intermediary for your token offering?

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E&S Group is a VFA agent with experience in assisting clients through every stage of token offerings. Services include:

  • Determining whether a client’s Initial Coin Offering (ICO)’s underlying nature of the coin or token to be issued is a virtual financial asset, a virtual token, electronic money or financial instrument and determine which laws, rules and regulations will apply for the issue and classifications of such assets.
  • Preparation of a robust and significant white paper as required by the MFSA
  • Guidance on the requirements, information and disclosures that must be included in the White Paper that is submitted to the MFSA for approval
  • Acting as point of liaison and contact with the MFSA and assistance with onsite and offsite compliance monitoring
  • Submission of an annual compliance report to the MFSA

Testimonials

"According to our experience, E&S Consultancy team is made up of well-trained and skilled professionals who are always there to satisfy your business needs with reference to Maltase law. Their work is well organized and carried out in a precise and timely manner. I look forward to continuing my cooperation with E&S Consultancy."

Giorgio Crotta & Marco Compagnino - FIDINAM & Partners

Key Contacts

Director

Dr. Mariella Baldaccino

While retaining her responsibility for the corporate and legal team within the firm, Mariella sits on the Board of E&S Consultancy Ltd and RES Malta Ltd and is also responsible for Client Relations Management. She read law at the University of Malta in 2005 and finalised a Master in ‘Diritto Privato Europeo’ at the University of La Sapienza Rome in 2006. In 2006 she joined a tax firm in Malta, whereby she was responsible for a varied international based client portfolio, which developed her experience inefficient tax planning, corporate law matters and client relations. In 2011, she took a senior role within a major audit firm heading the Legal Team. Her responsibilities were managing and supervising the legal team, as well as assisting with legal expertise and ad hoc problem-solving. Mariella joined E&S Group in 2016 as Senior Manager for the Corporate and Legal Department.

Mariella is fluent in English, Italian and Maltese.

Email:mariella@ellulschranz.com

Phone:+356 2010 3020

Director

Karl Schranz

An accountant by profession, Karl spent 10 years working for a reputable audit firm in various audit roles before joining JP Morgan Chase in London in 2005, specifically working in Credit Hybrid Derivatives. He then returned to Malta to head the corporate finance arm of a local audit firm. In 2009, together with Christian, he was one of the founding members of a Corporate Services Provider in Malta, leaving to set up E&S Consultancy in 2010. Karl heads E&S’ ICO and Tokenomics department, however, his competences include advising and assisting in all MFSA licensing processes, accountancy, Token structuring, iGaming, and all aspects of corporate finance.

Karl is fluent in English, Italian, Maltese.

Email:karl@ellulschranz.com

Phone:+356 2010 3020

Director of Accounts

Antonella Lia

Antonella, obtained a Master Degree in Accounting from the University of Malta in 2015, and has furthered her studies by obtaining a Professional Certificate in Taxation in 2017. She has been working with E&S Group since 2012 and presently manages the Accounts Department as Director of E&S Back Office Services Ltd. Her main areas of practice are Corporate Tax, VAT, as well as the preparation of Financial Statements for companies from various industries including aviation, gaming, shipping, manufacturing, financial and other services.

Antonella is fluent in Maltese, English and Italian.

Email:antonella@ellulschranz.com

Phone:+356 2010 3020

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