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Open Malta Offshore Bank Account

Updated on Tuesday 31st March 2020

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Open Malta Offshore Bank Account.jpgOffshore companies in Malta can be established by foreign investors who want to benefit from a series of tax advantages. Opening such a company means also having a Maltese offshore bank account for money deposits and financial operations. Our company formation agents in Malta are at your disposal if you want to open an offshore bank account. You can also solicit our help for starting a business in Malta, as we can handle the entire registration procedure.
 

What type of documents do I need for opening a Maltese offshore bank account?

 
  1. The identification documents of company owners in Malta.
  2. The Certificate of Incorporation of your company, alongside the Memorandum of Association.
  3. Specific bank forms need to be completed with the information of the owners.
  4. Some bank references with details about the board of managers of the firm.
Opening a Malta offshore bank account doesn’t take long, it can be ready in a couple of days. You can skip the formalities for opening a Maltese offshore bank account by hiring the services of our company formation agents in Malta. They can also provide you with support for registering an offshore company in Malta.
 

Do I need to travel to Malta for opening a bank account?

 
No, there is no need for you to travel to Malta for opening an offshore bank account. If you appoint one of our specialists with a power of attorney, you can benefit from complete support and guidance, with respect to your business needs. A Malta offshore bank account can be easily opened with traveling overseas, so you can address your inquiries to our team of agents.
 

Who can open a Malta offshore bank account?

 
Anyone interested in business in Malta can open an offshore bank account in Malta, with the mention that the financial institutions have the right to reject persons who are involved in political issues or scandals or who have a disclosed criminal record. Restrictions for opening a Malta offshore bank account can apply to persons who cannot offer details about the source of funds or if the bank considers that the source of funds is illegal (from criminal activities and related matters). It is good to know that some banks might request proof of the clear criminal record as part of the necessary documents for opening a bank account. One of our company formation agents in Malta can offer assistance and support for international investors wanting to start a business in Malta.
 

Can I benefit from online banking services in Malta?

 
Yes, all banks in Malta offer the possibility of accessing the offshore bank account from distance. This means that you can use the official platforms of the financial institution you work with and make all the transactions online.
 

How long does it take to open a Malta offshore bank account?

 
You can open a Maltese offshore bank account in just a couple of days if all the requirements and conditions are respected. 
 

Short facts about offshore companies in Malta

 
Offshore companies in Malta present a series of advantages and can be established as private limited liability companies. No tax on capital gains, no withholding tax on outbound interests, dividends and royalties, no wealth or capital taxes, low capital requirements, and VAT available options are among the advantages of an offshore company in Malta. The registration of an offshore company in Malta benefits from a simple incorporation procedure and foreign investors are not obliged to travel to Malta for starting such a company. For more details, you can get in touch with our team.
 

Investments in Malta

 
Malta is quite attractive to overseas investors looking for a business in the insular state. The tax regime, the highly skilled and productive workforce, the simple company registration procedures, the low operational costs plus the economic stability make Malta one of the favorite business destinations for international entrepreneurs. The following number and facts show the business and economy of Malta:
 
  • According to the 2020 Doing Business report, Malta ranks 88th out of 190 economies in the world.
  • Around USD 206,000 million was the total FDI stock registered in Malta in 2018.
  • 97% of the FDI directed to the financial services sustained the FDI of Malta in 2018.
  • There are more than 31,000 foreign companies established in Malta.
 
Those interested in opening a Malta offshore bank account are invited to get in touch with one of our company formation specialists in Malta. They can also help you start a business in Malta and take care of all the formalities implied.
 

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Call us now at +356 21 376 686 to set up an appointment with our specialists in company formation in Valletta, Malta. You can incorporate your company without traveling to Malta.

As a Ciantar Associates client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Malta.

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