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Open a Malta Bank Account

Introduction

Malta is a highly reputable jurisdiction with a low corporate tax system that attracts many for its modern infrastructure, EU conforming legislation and superb banking system, ranked 10th for bank soundness by the World Economic Forum. Because of the many rebates and credits given through their tax imputation system, many companies are able to effectively mange to avoid all corporate taxes.
Bank Account Key details
Currencies: EUR, USD, CAD, CHF, AUD, NZD
Minimum deposit to open Bank Account: EUR 10,000
Good For: SEPA, transactional Banking, Credit card Processing, Crypto Business
Eligibility: Resident companies
Personal Visit: Not required
Money back guarantee if unsuccesfull bank account opening
We will assist with up to 3 different banks
Personal Bank Account fee: 227
Corporate Bank Account Fee: 736

Documents Required to open your Bank Account

Company documentation
  • Certificate of incorporation
  • Memorandum and articles of association.
  • Share certificates.
  • Certificate of incumbency, or certificate of good standing if the company is more than 12 months old.
  • Corporate structure identifying the ultimate beneficial owners.
  • Business license (if applicable for some industry like Financial Services).
  • Power of attorney (if applicable).
  • Declaration of trust (if applicable).
Personal documents of each director, shareholder, appointed secretary, authorized signatory and ultimate beneficial owner.
  • Proof of identity: copy of valid passport (The passport must have the passport holder’s signature and it must match the signature in the application form, certification required however we can support you on this).
  • Proof of residential address: original or certified copy of utility bill/bank statement dated within previous 3 months.
  • Proof of banking history: original or notarized copy of bank reference letter, dated within the previous 3 months, or 6 months’ statements (depending on the chosen bank).

     *Certification can be done by a bank, a attorney at law, a notary or public officer however we can assist you on this.

Business evidence (upon bank request)
  • Invoices, contracts, agreements of your existing company.
  • Service Provider Certification with your prosperous partners/ suppliers.
  • Any documents proving your qualifications in the business scope.

Country General Information

Banking
Currently, there are 26 licensed banks in Malta, including three branches of foreign banks. Banks in Malta are governed by the 2002 Central Bank of Malta Act and the 1994 Banking Act. The Malta Financial Services Authority (MFSA) is the country’s single regulator that is responsible for issuing licenses and supervising credit and financial institutions.According to Moody’s, the Maltese banking system is stable due to the resilience of the domestic banking system, with domestic banks following a conservative and traditional banking model.
History
The island-state of Malta is located in the Mediterranean Sea, south of Sicily (Italy), it consists of three islands: Malta, Gozo, and Comino, of which Malta is the largest island. In its history, the Maltese archipelago was always strategically significant for the domination of the Mediterranean. Malta became an EU member in May 2004.Great Britain formally acquired possession of Malta in the early 19th century. The island supported the UK through both World Wars and remained in the Commonwealth when it became independent in 1964. On 13 December 1974, Malta became a republic. Over the last 15 years, the island has become a main freight transshipment point, a financial center, and a popular tourist destination.
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