The larger banks in Malta provide
sophisticated online banking services as well as conventional telephone support
in a regulated and service oriented banking and financial services environment.
The banking system follows the UK's established banking tradition and Malta
boasts of banks that trace their historical origins to the beginning of banking
in Europe. Banking law and regulation is in line with all European Union
directives and banking personnel in Malta follow disciplined and market oriented
service charters.
1. Benefits of
banking in Malta
Generally, bank accounts in Malta
enjoy the following facilities:
A choice of term, savings or current accounts;
Favourable
interest rates;
Cheque book facility;
Credit card facilities in various
currencies;
No tax or
withholding tax on interests paid to non-resident account holders;
No exchange control regulations;
Bank accounts can be opened in
all currencies.
2. Documents necessary for bank account
opening
Non-resident Individuals:
Foreign Companies:
a banker's reference (in original) for each beneficial owner, each director of the
company and each signatory to the bank account
a copy of the passport of each beneficial owner, each director of the company
and each signatory to the bank account
a copy of the company's incorporation
documents
a certificate of good standing for the company
a banker's reference for the company
a utility bill for each shareholder/director/signatory of the account
3. Our service
Using our knowledge of the local
financial and banking environment, we can advise individuals or companies on the
most appropriate bank according to the client's profile and requirements.
As intermediaries to Maltese banks, we can assist with the preparation of due
diligence documentation to facilitate client acceptance by the bank. We also
assist with the preparation of bank account opening forms and documentation to
expedite the opening of bank accounts and activation of internet banking access.
Our bank account opening service
includes the following:
advice re choice of bank in Malta
-
introduction to a bank of your choice
-
advice re due diligence documentation
for client acceptance
-
opening of normal or offshore bank account
in any denomination
applications for cheque books
applications for credit card
facilities
-
applications for online banking
facilities
Optional services:
bank account management
-
bank reconciliations and accounting
-
office address facilities
mail forwarding of all bank
correspondence to your address of choice.
.
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