Financial Services

Financial Services & Insurance Licences

Malta – A Competitive Tax Jurisdiction

Financial services are a burgeoning commercial area in Malta, which has seen a substantial increase in companies and operations being transferred to or setting up in Malta.

Malta’s entry into the Eurozone in 20024 with the resulting removal of foreign exchange risk, its OECD approved tax regime, as well as its talented workforce, are just some of the factors that have made Malta extremely attractive to the financial sector.

Regulated by a number of legislative statutes – most of which are based on EU and UK law, financial services are licensed by the Malta Financial Services Authority (MFSA) – a single, approachable regulatory body, mandated in overseeing banking, investment services, insurance and other financial services activity.

Such financial services licences can operate via a variety of entities such as limited liability companies (Ltds), public liability companies (PLCs), trusts, foundations, SICAV and INVCOs, being:

• SICAV or an investment company with variable share capital (known as “open-ended” schemes), or
• INVCO, an investment company with fixed share capital (known as “closed-ended” schemes)

Malta main financial industries are:

• Banking & Credit Institution
• Electronic Money Institution
• Captive & Retail Insurance
• Collective Investment Schemes
• Investment Funds
• Forex Online Trading
• Payment Institutions
• Collective Investments

Acumum can help guide you through the various requirements necessary to establish your services and operations, as well assist you in your ongoing compliance requirements.