- Guidance in
choosing amongst the different banking services in Malta;
- Introduction to
the chosen Maltese banking entity;
- Provision of
detailed instructions and assistance to complete bank forms and
prepare required documents
- Provision of other
relevant information & support by telephone, fax and or email
during the account opening process
- Provision of
nominee bank signatories
- Provision of Mail
forwarding facilities
Typical facilities
- Maltese Bank accounts in any foreign currency;
- A choice of term,
savings or current accounts;
- Favourable interest
rates;
- Cheque book
facility;
- Credit card
facility;
- No tax or
withholding tax on interests paid to non-resident account holders;
- No exchange control
regulations;
You will be required to complete
and sign mandate forms, other required documents, deposit the minimum amount of
required funds to open your account directly to the bank and deal with the
international or offshore bank thereafter.
In certain instances it may also
be necessary for you to appear personally at the bank to sign documentation.
Where this is a requirement, this will be advised to you by ECI.
Potential clients should note
that that opening a corporate banking account in Malta is not a simple matter and can be
time consuming. It is not unusual for the account opening process to take 30
days or more from the date of initial contact with the banking institution
concerned. It is essential therefore that we are in possession of all of the
necessary supporting documentation requested and that clients have fully briefed
us on both themselves and their proposed business. (See our note on our
due diligence
obligations)
Choosing a banking
jurisdiction for your Offshore Company
It is not
necessary for an offshore company to open an account in the place
where it is registered. It can be opened in any bank in one of the
developed countries of the world, like Malta. The choice of a bank mostly
depends on the way you are going to use the account. The main
ways of using accounts are: trade accounts (used for making payments
in deals with goods, works, services); investment accounts (used for
making payments in deals with securities); savings account (for
keeping money funds on a deposit). You can open several accounts to
be used for different purposes. When opening an account it is
important for a person, willing to open an account in a bank, to
satisfy all the demands of the bank.
Nominee Bank
Signatories
Where a full company
management service has been requested by the beneficial owners of
the company concerned, we are in a position to provide our nominees
to act as signatories and to manage the opening and operation of
bank account.
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