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Bono’s spokeswoman told : “Bono was a passive, minority investor in Nude Estates Malta Ltd, a company that was legally registered in Malta until it was voluntarily wound up in 2015.Malta is a well-established holding company jurisdiction within the EU.” She added that he was also a passive, minority investor in the Guernsey company linked to the shopping complex.
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The legendary singer was a co-director of the Maltese company Nude Estates, which bought the Aušra mall for €5.8m shortly after it opened in 2007.
Nude Estates incorporated a Lithuanian company of the same name to hold the property in Utena, 60 miles north of the capital, Vilnius.
U2 frontman Bono used a company based in Malta to pay for a share in a shopping centre in a small town in Lithuania, the Paradise Papers have revealed.
The new leak, collectively known as the Paradise Papers, shows Malta to be a popular destination for Azeri money and helps give an idea of the vast amounts of foreign business flowing through the island.
In 2012, the shopping centre business was transferred to a company in Guernsey called Nude Estates 1.
A company was used in Malta probably because of its low-tax jurisdiction, which is reduced to five per cent.
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