Malta, an island in southern Europe, is another favoured location for multinational and holding businesses. With only 400,000 residents, Malta is especially welcoming to foreign business owners looking to establish a presence there.
Malta deserves to be on our list since it has access to the European Single Market, competitive tax rates, and progressive laws. Although the company tax appears to be 35%, rest assured that there is a system of tax credits and refunds that reduces the effective tax rate to 10%.
Additionally, a sizable number of double taxation agreements have been struck by Malta, and businesses there can hire qualified English-speaking employees.
The incorporation procedure is simple, and processing time is anticipated to be within 10 working days.
Opening your company bank account online for Malta
As soon as your company is incorporated in Malta, you will need a dedicated IBAN bank account for SEPA – Single Euro Payments Area (local money transfer protocol across Europe) transfers.
You can open your company iban account with your passport and company papers online, from www.Monvenience.com, at best rates, with your Malta company incorporation papers.
Please note that most traditional Malta banks will require multiple physical visits, deposits to be made, and much paperwork, raising the expenses to open and maintain your account. Large Swiss banks are a bit expensive as well, and prefer to work with large companies.
However with us, you can open and operate an IBAN bank account completely online, with no visits to the bank required, and no lofty deposits. Experience smooth, convenient online banking with us. Your account IBAN number will be valid everywhere in Europe
Moreover, these accounts are dedicated, unlimited, allows personal and corporate transfers, and also come with shared SWIFT facilities, in multicurrency.
Operate your IBAN account like a local bank account not only in Malta, but in the rest of EU as well. You may also consider ordering a prepaid master card as well when you have your account, for use anywhere in the globe, at all mastercard outlets.
With Monvenience, you have convenience.
Documents Required to Open IBAN Account for Malta Companies
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