We'll share simple but life-saving tips for small businesses and freelancers on business banking.

Reasons to start a business in Malta

Reasons to start a business in Malta

Malta has the economic advantages and incentives of EU countries. In addition, the fact that the currency is Euro and the language is English provides a great convenience in its commercial relations with European countries. Malta is a great option for entrepreneurs who are starting businesses. If you're starting a business in Malta and want to know how to set up your new operation, we can answer all of your questions.

Starting a New Business in Malta

The Maltese government's encouraging policies and the continuous growth trend of the country's economy attract the attention of foreign investors.

There is no residency requirement to open a company in Malta and you don't even need to go to Malta to set up a company. A power of attorney is sufficient to give your lawyer complete the installation process. You can complete all the remaining processes online. After completing the application to the trade registry and other necessary documents, you can establish your company within 2 or 4 days. The Maltese government pays no tax other than corporate tax to investors who want to establish companies, and entrepreneurs establishing companies in Malta can also obtain residence and work permits through the companies they have established if they meet certain conditions. Thanks to these advantages, the process of establishing a business becomes easier and faster than other locations. The digital advantages of establishing an investment in Malta have also made it a favorite spot for investors.

Opening a Bank Account For Your Business in Malta

Malta's economic policies, investments made in recent years and tax advantages increase Malta's popularity with investors. The most important question after opening a company is how to open a bank account in Malta. One of the biggest advantages is that those who want to establish a company in Malta do not have to have an account with a Maltese bank. In this way, you can use digital, advantageous and easy banking solutions instead of dealing with long and troublesome banking transactions. Thanks to digital and fast fintechs, you can grow your business and easily manage your expenses and incomes. The best answer to the question of how to open business bank account in Malta is to create a business account with wamo. With the wamo business account in Malta, you can create a business account in just 10 minutes. The wamo app gives you access to a suite of tools that allow you to easily manage all your transactions, including creating virtual cards for use and managing income and expenses. You can download wamo app from Google Play and App Store. Discover wamo's advantages now!

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Jamie Larson