Open a Company in the Financial Sector in Malta

Opening a company in Malta’s financial sector requires a license. Local and foreign entrepreneurs must first familiarize themselves with the requirements and procedures in this regard and are recommended to use the services offered by our specialists in company formation in Malta. We invite you to discover some useful information about how to get a financial license in Malta to be able to operate in this sector.

Types of financial licenses in Malta

If you want to set up a company in Malta and develop activities in the financial sector you should check the following types of financial licenses:

• for banking services,
• insurance activities,
• for operating as financial institutions,
• for investment activities,
• for activating as e-money institutions, etc.

Whatever type of company you want to open in the financial sector of Malta, we advise you to trust our specialists. We handle both company registration and the application for a financial license in Malta.

Who issues financial licenses in Malta?

The Malta Financial Services Authority (MFSA) is in charge of issuing financial licenses in this country. This is also the regulatory body of all financial institutions in Malta, including banks and cryptocurrency companies. As such, those wanting to open a company in the financial sector in Malta must observe the formalities and procedures for getting a license in the first place. Here, our experts in company incorporation in Malta can provide immediate assistance in terms of documents.

A few statistics about the financial sector in Malta

Below is information about the financial sector in Malta and its recent developments. Such data might help you decide better when opening a financial company in Malta:

• The financial services sector in Malta registered a strong development, of around 11.8%, during 2022 and 2023. As such, the financial sector in Malta considerably contributed to the country’s Gross Value Added.
• In 2023, MFSA received around 352 applications for new financial licenses. Among these, about 84% were approved while around 16% were refused or withdrawn.
• MFSA increased its supervisory exchanges by 50% between 2023 and 2024, with a continued concentration on financial crime fulfillment.
• Around 6,500 people have been employed in the financial services sector in Malta during 2019 and 2023.

For full information on how to apply for a financial license in Malta, please contact us. We can assist with the company formation process of the Maltese financial company.