Do You Need a Business Account in Malta as a Foreigner?
For those who are not residents, opening a business bank account in Malta can be a bit confusing. After all, you might have moved here for personal reasons or for work purposes, but still want to open a business account. If you already have a company registered in Malta and want to open an account with one of the main banks here or with another local bank that has branches throughout the island nation then this article is for you!
Malta is a great place to do business. The country has very low taxes, excellent infrastructure and legal frameworks that are transparent and fair. There are many online resources available to help you with opening a business account in Malta as well as other services such as accounting services or tax compliance work
If you are not a resident of Malta, but you have a company registered in Malta and want to open a business account in Malta, then this article is for you. If you want to learn more about opening a business bank account in Malta, read on.
In order to open a business bank account as an expat or non-resident in Malta, there are several things that must be taken into consideration:
- You need to be at least 18 years old;
- You must have been residing outside of Malta for at least 3 months prior to applying;
- You must have a passport from outside of Malta (you will need proof).
Open Your Business Account with wamo
The type of business account you choose will depend on your company's needs and structure. More and more people are choosing to go with alternative banking options because they can be just as reliable, secure, and feature-rich as traditional bank account options. They create business accounts with the customer's needs in mind, not their own.
If you've had trouble opening a company account in Malta or are unhappy with your current bank, wamo is worth a try. wamo can make banking simple for your business! You can open your business account online with wamo. Also wamo allows non-residents to open a business account without going to Malta! Learn more about wamo and open your account.