Malta Payment Service Providers

GDP GROWTH: 6.3% in 2015 (EC) EU:Member of the EU & Eurozone REGULATOR:Malta Financial Services Authority LEGISLATION:Fully compliant with EU directives & regulation WORKFORCE:Well qualified, English speaking ACCESS TO THE EU:Passporting of licence into the EU SIZE OF THE INDUSTRY:25% Annual growth FINANCIAL SERVICES FRAMEWORK:EU and OECD approved

• Provide applicants with EU passport;
• Effective Corporate and Personal tax rates;
• Highly qualified persons benefits;
• Accessible and independent regulator;
• Doesn't have restrictions on activities.
• Ability to open a branch in other european Member States

PSPs are regulated in Malta under the Malta Financial Institutions Act (the “Act”) which transposes the Payment Services Directive (the “Directive”), specifically under Schedule II of this Act. Such licence holders are authorized and regulated by the Malta Financial Services Authority (the “MFSA”), the supervisor of all the financial services industry.

• Obligatory local presence;
• Settling licensing fee;
• Follow all application documents;
• Minimum capital varies from €50,000 to €125,000, depending on activities.