Open a company in Malta

Join the European Single Market, Malta

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

Malta is an ideal place to open a business. It has a stable economy, low corporate tax rates, and a well-developed financial services sector. It is also a member of the European Union, which gives it access to a large market.

To open a company in Malta, you will need to register your business with the Malta Financial Services Authority (MFSA). This involves submitting an application form and providing information about your business. You must also provide proof of identity and address, and a minimum of two directors. Once your application is approved, you will be issued a license to operate a business in Malta.

Once your business is registered, you will need to open a corporate bank account and obtain a Value Added Tax (VAT) registration number. You will also need to register with the Inland Revenue Department (IRD) for tax purposes.

Once your company is established, you will need to adhere to all applicable laws and regulations. This includes keeping accurate records and filing accurate tax returns. You will also need to comply with any regulations governing the conduct of your business.

In Malta, there are several ways to finance your business. These include loans from banks, venture capital firms, and government grants. You may also choose to issue shares in your company and attract investors.

Finally, you will need to obtain the appropriate permits and licenses in order to operate your business. This includes a business license, which is required for all businesses, and any other permits or licenses required for the type of business you plan to open.

Opening a business in Malta can be a great way to expand your operations and increase your profits. It is important to do your research and understand the process and regulations before you begin.

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

Open your Bank account valid in Malta and rest of Europe

Malta presents several compelling reasons for non-residents to consider opening a company there. Here are some of the key advantages:

1. Attractive Tax System: Malta offers a competitive corporate tax rate of 35%, but its unique tax refund system can significantly reduce the effective tax rate for shareholders. When profits are distributed as dividends, shareholders can receive tax refunds that effectively lower their tax burden. This can make Malta an appealing choice for tax planning.
2. EU Membership: As a member of the European Union, Malta provides access to the EU single market. This facilitates trade and business operations across Europe and allows companies to benefit from various EU directives and regulations.
3. Strategic Location: Situated in the Mediterranean, Malta serves as a strategic gateway between Europe, North Africa, and the Middle East. Its location can be advantageous for businesses involved in international trade and seeking to connect with these regions.
4. Business-Friendly Environment: Malta is known for its efficient and business-friendly regulatory environment. The company formation process is streamlined, and the legal and administrative framework is designed to support and attract international businesses.
5. English-Speaking Workforce: English is one of Malta's official languages, and the workforce is highly proficient in English. This can ease communication and operations for international businesses and ensure smooth interactions with clients and partners.
6. Robust Financial Services Sector: Malta has a well-developed financial services sector, including banking, insurance, and investment services. The country is also known for its expertise in areas such as online gaming and financial technology, providing specialized support for businesses in these sectors.
7. High Quality of Life: Malta offers a high standard of living with a pleasant climate, a safe environment, and a rich cultural heritage. This makes it an attractive location for entrepreneurs looking to relocate or manage their business in a favorable setting.
8. Double Taxation Treaties: Malta has a network of double taxation treaties with numerous countries. These treaties help avoid double taxation on income and can be beneficial for businesses engaged in cross-border operations.
9. Innovative Business Ecosystem: Malta is committed to fostering innovation and entrepreneurship. The government supports various initiatives and provides incentives for startups and technology-driven businesses, creating a dynamic and supportive business environment.
10. Strong Legal Framework: Malta's legal system is based on English common law principles, providing a stable and familiar legal environment for international businesses. The country offers robust protections for intellectual property and contractual agreements.

By taking advantage of these benefits, non-residents can leverage Malta’s favorable tax regime, strategic location, and supportive business climate, making it a strategic choice for setting up and growing a company.

How crypto friendly is Malta, including their banks?

Malta has been recognized as one of the most crypto-friendly jurisdictions in the European Union. It has a supportive regulatory framework and a thriving blockchain ecosystem. Here's a breakdown of its crypto-friendliness:

Regulatory Framework:

• Malta Digital Innovation Authority (MDIA): Malta has established the MDIA to oversee blockchain and innovative technologies, providing a clear regulatory framework for cryptocurrency businesses.
• Virtual Financial Assets (VFA) Regulations: These regulations outline the licensing requirements and operational standards for cryptocurrency service providers operating in Malta.
• Blockchain Technology Regulations: Malta has also enacted regulations specifically for blockchain technology, promoting its development and adoption.

Crypto-Friendly Banks:

Malta has a growing number of banks and financial institutions that are more open to dealing with cryptocurrency-related businesses. While they may not directly offer crypto services, they are generally more receptive to the industry compared to some other jurisdictions.

Crypto Adoption:

• Blockchain Hub: Malta has positioned itself as a blockchain hub, attracting numerous cryptocurrency businesses and startups.
• DLT Companies: Many companies have established themselves as DLT (Distributed Ledger Technology) companies in Malta, leveraging the favorable regulatory environment.
• Cryptocurrency Conferences: Malta regularly hosts international cryptocurrency conferences and events, showcasing its commitment to the industry.

Key Points:

• Malta has a strong regulatory framework for cryptocurrency, providing legal clarity and protection for businesses.
• The country has a growing number of banks and financial institutions that are more open to dealing with crypto-related businesses.
• Malta's reputation as a blockchain hub has attracted numerous cryptocurrency companies and startups.

By understanding Malta's crypto-friendly stance and available options, individuals and businesses can make informed decisions about their involvement in the cryptocurrency market.

Fiat Account for your Crypto Assets and Digital Currency in Monvenience

Monvenience extends fiat bank account or IBAN Account online for acting as the fiat account counterpart for your digital exchange or crypto assets trading exchange. However, the exchange must be a reputed one, and you should have sufficient proof of holding your account with the exchange. It is a compliance decision, when your application will be reviewed, for extending our services. Please apply for your bank account online to find out the requirements.

Apply for Your IBAN Account Check Out Another European Country for Incorporation