The Malta banking industry is vastly developed and Malta’s banking services are tailored to meet the needs of international investors. Malta has seen a number of industrial investments over the years, which have contributed significantly to the country’s revenue. By opening an offshore Malta account, you can be certain that you are opening an account in a reliable and well-regulated jurisdiction.
Why Open a Malta Offshore Account
Malta has strong international ties and much of the country’s revenue comes from foreign trade. Malta is internationally recognized as a popular tourist location and many people choose to open up an offshore bank account in this location. Malta is a member of the European Union and is considered to have an advanced economy. It has a large commercial banking industry and a number of foreign offshore banks are located here.
Malta is the preferred choice for offshore bank account opening for a number of reasons. As an offshore financial centre, it offers low tax and withholding tax on interest paid to account holders, has no exchange control regulations and also offers favorable interest rates. In addition, by opening a Malta offshore bank account, the account holder will be provided with credit card and cheque book facilities, as well as access to the account internationally.
Opening a Malta offshore bank account offers a number of other benefits to the account holder. Account holders have the flexibility to select the currency they wish to bank with, and can also carry out online banking and conduct a number of transactions in an online setting. However it is important to remember that all of the above features will depend on the specific bank selected, and what the account holder wishes to obtain from opening their Malta offshore account.
When opening a Malta offshore account you will need to select the type of account you wish to open, whether a personal, corporate or investment account. Each of these accounts has differing requirements in place, including minimal capital requirements for the initial opening of the account. In addition, you will need to provide the relevant paperwork and documentation required by the bank, before opening your offshore account.
One of the main advantages to opening a Malta offshore account is that personal presence is not required for the opening of the account, which facilitates the account opening process further.
If you are ready to begin the process of opening a Malta offshore account, see our Offshore Accounts services section.