Banking licence in Malta
Banking Credit Institution Licence
RTS Advisory Ltd offers professional consultancy aimed at obtaining a banking licence in Malta.(Banking Act, Chap 371)
The legislation on credit institution provides that companies licensed as a credit institution, in Malta, can offer the following services:
- Deposits of funds by the public in their own account and on payment instruments repayable on sight or within a specific period;
- Raising funds from public savings in order to lend or invest, at your own risk, all or part of the funds;
The Maltese credit institutions, subject to the authorisation by the MFSA regulator, can offer the following ancillary services.
- Financial leasing;
- Payment services;
- Issuance and management of other means of payment (bank cheques, bank drafts and similar instruments);
- Guarantees and bonds;
- Trading on own account or on behalf of clients in:
- money market instruments (cheques, bills of exchange, certificates of deposit and similar instruments);
- currency exchange services;
- futures and financial options;
- exchange and interest rate instruments;
- transferable securities;
- Participation in the issue of securities and the provision of services related to such issues;
- Consultancy to companies in relation to financial structure, industrial strategy and related issues and advice as well as services related to mergers and the acquisition of companies;
- Credit intermediation;
- Portfolio management and consultancy;
- Custody and administration of transferable securities;
- Commercial information services;
- Safety deposit box services;
- Issue of electronic money
Initial minimum capital requirement The initial minimum capital to obtain the licence amounts to 6 Million Euro.
Timeframe to obtain a licence
The approximate timeframe to obtain this type of licence is about 9/12 months.
The licence to offer of banking services can be passported in all EU member states.