Your Business Account in Malta 🇲🇹

Q: Can a foreigner open a business bank account in Malta?

Indeed, it is possible for a foreigner to initiate a bank account in Malta. Nevertheless, the majority of banks necessitate a registered address within the country as a prerequisite.

Q: How can a non-resident open a business bank account online in Malta?

Non-residents can open a business bank account online in Malta by selecting a bank that offers remote account opening services, providing the required documentation digitally, and fulfilling any additional criteria specified by the bank for non-resident account holders.

Q: What documents do I need to open a business bank account in Malta?

The process of opening a bank account in Malta varies by bank. Required documents include a certificate of registration, memorandum and articles, shareholder identification, bank references, completed forms, CV, wealth/funds declarations, and any additional bank-specific documents. Account opening duration depends on bank requirements, allowing online banking activities once open.

Q: How long does it take to open a business account in Malta?

The timeframe to open a business account in Malta can vary depending on various factors, such as the bank you choose, the complexity of your business structure, and the completeness of the required documentation. Generally, it can take a few weeks to a couple of months to complete the account opening process for a business account in Malta. It's recommended to contact the bank directly to get a more accurate estimate based on your specific circumstances.

Open a business account to operate in Malta with or without local presence. Get multicurrency IBAN to manage EUR, USD, GBP and other currencies just like local companies do.

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A single solution to bank overseas

Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.

Within Malta 🇲🇹

Account details:

IBAN (EU & global)

Currencies:

EUR

Supported payment networks:

SEPA, SEPA Instant

Delivery time:

0-1 business day

The rest of the world 🌍

Account details:

IBAN (EU & global)

Account number & Sort code (UK)

Account & Routing numbers (US)

Currencies:

EUR, GBP, USD & 70+ currencies

Supported payment networks:

SWIFT, SEPA, SEPA Instant, Faster Payments, ACH, Fedwire, 10+ local networks

Delivery time:

0-2 business days

Our API services include

Virtual IBAN

Currency exchange

Mass Payments

API integration

Business cards

How to send money to Malta 🇲🇹 with MultiPass

Convert your currency to EUR

Save on FX vs traditional banks. Hold EUR in your account and avoid unnecessary conversions

Choose recipient in Malta

Make a payment to their local account details

From 0 GBP per payment

Payment delivery up to 5x faster than SWIFT

Pricing

from 500 GBP

Account opening

from 100 GBP/month

Account maintenance

Free

IBAN + local UK, US details issuing

Please note that pricing may vary from case to case. For more information, visit the pricing page.

Get paid in EU like a local

2 EUR

Share your new account details with your customers in the EU, allowing them to pay you as easily as they would a local company.

Pay overseas staff cheaper & faster

from 10 EUR

Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.

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