Obtaining a financial license in Malta

For non-resident businessmen, Maltese legislation has created the most favorable conditions for starting a business. Obtaining a financial license in Malta necessary if the activities of the new company involve the provision of financial services, including electronic services.

The activities of foreign entrepreneurs in Malta are regulated by the regulations established by the MFSA and EU Directive 2000/46/EC. Employees of the E-COMMERCE BROKER company will help you understand the features of licensing and obtain a financial license within the time limits established by law.

Features of licensing in Malta

The main regulator in the country is the Malta Financial Services Authority, or MFSA for short. This body is responsible for monitoring and issuing licenses, as well as regulating the activities of financial institutions, electronic funds and companies associated with financial activities in Malta.

The MFSA pays special attention to licensing and control of the investment and insurance sectors. With a financial license, a Maltese business representative can:

  • issue electronic funds;
  • provide payment services within legally permitted transactions;
  • perform operational services and related electronic issuance and payment operations;
  • lend as part of payment transactions;
  • conduct other activities permitted by law;
  • ensure the operation of the payment system.

Before starting any business activity in Malta or abroad, before registering a company related to financial services and electronic funds issuance, it is necessary to coordinate the work with the licensing authority MFSA. Applications to the regulator are made on special forms, subject to compliance with the requirements established by the MFSA.

What is required to obtain a financial license in Malta?

Before starting active operations in the financial market, before obtaining a license for certain types of activities, it is necessary to open an organization by registering it in accordance with the Maltese legal requirements:

  1. Authorized capital from 125 thousand euros.
  2. If the regulator perceives increased risks, the amount of authorized capital may be increased.
  3. Having 2 executive directors and 1 director who must reside in Malta.
  4. A package of documentation is collected for each share owner and manager: copies of passports, bank statements, recommendations. There are no restrictions on the number of owners (shareholders).
  5. Availability of a Maltese office with a landline telephone, internet and permanent staff working at the office address.

The business owner himself may not be present at the opening of the company, transferring his powers to a trusted person. Since each case is considered individually, it is quite difficult to determine in advance the exact amount of capital sufficient for registration.

After registration, the amount of authorized capital determined by the MFSA must always remain in the organization’s account and not decrease. There are 2 types of fees for companies whose authorized capital exceeds 125 thousand euros: a registration fee of 890 euros and an annual fee of 600 euros. When registration has been successfully completed, it’s time to prepare documents for submitting an application for a license.

Receipt times

On the registration of mandatory financial Licenses The Maltese company takes about 3 months, but if additional verification is necessary, the period increases to six months.

The better the documentation package is prepared, the higher the chances of a quick and successful license approval. The E-COMMERCE BROKER company will provide a full package of services that will help launch a business related to financial activities. As part of cooperation, company specialists:

  • prepare legal documents;
  • organize communication with representatives of the MFSA;
  • will form the management structure of the created organization.

Malta is a country with a modern regulatory framework aimed at stimulating the development of all business areas, including financial services and e-commerce. This lays the foundation for the future success of new companies engaged in healthy competition and avoids double taxation.


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