Bank Accounts

Non-residents can open a personal bank account in any major currency wherein interest may be paid gross without deduction of any taxes or alternatively a withholding tax of 15% on the interest can be paid in Malta. Furthermore there are no maximum deposits or minimum withdrawals. The procedure for opening of these accounts takes into account the latest Prevention of Money Laundering Regulations which essentially means that you would inter alia be required to provide proof of your identity and verification from your local bank as well as some basic information about the nature of the funds to be deposited.

For your convenience you can also apply for a credit card such as VISA or MasterCard and your account can be accessed from ATMs worldwide. Please note that these cards have varying rates and conditions.

In order to open a bank account on your behalf we would need:

• An original banker's reference
• A utility bill to prove residential address
• A copy of the relevant page of your passport

We can also open bank accounts for foreign companies. In this case we would need:

• A certified copy of the incorporation certificate of the company and the company statute
• An original banker's reference for each owner and each signatory to the bank account
• A copy of the relevant page of the passport of each owner and each signatory to the bank account
• A certificate of good standing of the company
• A banker's reference for the company

We would be pleased to advise and assist with the opening of such bank accounts with any local bank. We may also act as intermediaries or assist you with the maintenance of records such as filing of bank statements at our offices should you so require.