Malta boasts a stable economy and secure banking sector, distinguishing it as an ideal jurisdiction to obtain a banking license which may be passported across the European Union. The business of banking is defined in the Banking Act, Chapter 371 of the Laws of Malta, as the business of an entity that accepts deposits of money from the public, or raises money from the public, to employ such money by lending it to others or investing for the account of the person accepting the money.
Licensed entities may provide additional services such as:
The Malta Financial Services Authority (MFSA) is the regulatory body which issues licenses and supervises credit institutions. Further supervision is undertaken by the European Central Bank (ECB). The Central Bank of Malta also plays an essential role by maintaining price stability in the market. To this end, it is empowered to impose specific requirements on credit institutions under the Central Bank of Malta Act. Another key regulator is the Resolution Authority established within the MFSA, which was established in terms of the Bank Recovery and Resolution Directive (BRRD). The Board of Governors of the MFSA undertakes the role of the Resolution Authority, which is responsible for exercising resolution powers when a bank is no longer viable.
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We recognize that private clients seek peace of mind when moving to Malta to establish residence.
We keep abreast of tax incentives mostly tax credit incentives that become available from time to time.