Malta Co

Malta offshore banking services and investment strategies. Open an offshore company in Malta. Find out how to start your private banking services in Malta offshore.

Malta Offshore Services

Find out how offshore services in Malta can be beneficial to you and your business.

If you are looking for a profitable and growing economy to invest in then look no further.

The Central Bank of Malta governs the banking law and legislation of Malta. Business are monitored by the 1994 Banking Act and financial institutions by the 1994 Financial Institutions Act. The MFSA or the Malta Financial Services Commission regulate all banks in Malta.

Due to improvements in investments and an industrial improvement, the Maltese banking sector has been developing at a vast rate. Although clients are no longer able to register offshore banking businesses; the country is now a well regarded onshore banking jursidiction.

Although Malta is no longer regarded as an offshore banking jurisdiction it is still one of the worlds leading and progressive financial sectors.

Clients worldwide can still open Maltese offshore bank accounts. There are certain criteria that have to be met in order for offshore services to be facilitated. First of all the company application must be a non resident of Malta. The rest of the procedure for opening an offshore Malta bank account is quite similar to that of other offshore jurisdictions.

You do not have to travel to Malta in order to open your account but you may have to be introduced by a valid agent.

If you wish to use an agent to point you in the right direction or if you would like further information, please contact us.


Malta Offshore Banking

Table 1. Countries, Territories, and Jurisdictions with
Offshore Financial Centers
Africa Asia and Pacific Europe Middle East Western Hemisphere
Djibouti Cook Islands (FSF) Andorra (FSF) Bahrain (J) (OG) (FSF) Anguilla (FSF)
Liberia (J) Guam Campione Israel Antigua (FSF)
Mauritius (OG) (FSF) Hong Kong, SAR (J) (OG) (FSF) Cyprus (OG) (FSF) Lebanon (J) (OG) (FSF) Aruba (J) (OG) (FSF)
Seychelles (FSF) Japan1 Dublin, Ireland (FSF) Bahamas (J) (OG) (FSF)
Tangier Labuan, Malaysia (FSF) Gibraltar (OG) (FSF) Barbados (J) (OG) (FSF)
Macao, SAR (FSF) Guernsey (OG) (FSF) Belize (FSF)
Marianas Isle of Man (OG) (FSF) Bermuda (J) (OG) (FSF)
Marshall Islands (FSF) Jersey (OG) (FSF) British Virgin Islands (FSF)
Micronesia Liechtenstein (FSF) Cayman Islands (J) (OG) (FSF)
Nauru (FSF) London, U.K. Costa Rica (FSF)
Niue (FSF) Luxembourg (FSF) Dominica
Philippines Madeira Grenada
Singapore2(J) (OG) (FSF) Malta (OG) (FSF) Montserrat
Tahiti Monaco (FSF) Netherlands Antilles (J) (OG) (FSF)
Thailand3 Netherlands Panama (J) (OG) (FSF)
Vanuatu (J) (OG) (FSF) Switzerland (FSF) Puerto Rico
Western Samoa (FSF) St. Kitts and Nevis (FSF)
St. Lucia (FSF)
St. Vincent and Grenadines (FSF)
Turks and Caicos Islands (FSF)
United States4
Uruguay
West Indies (UK) (J)5
Source: Based on Errico and Musalem (1999), IMF Working Paper WP/99/5 (unless otherwise indicated).
Legenda:
(J) = Joint BIS-IMF-OECD-World Bank Statistics on External Debt.
(OG) = Offshore Group of Banking Supervisors.
(FSF) = Financial Stability Forum's Working Group on Offshore Financial Centers (Press Release of May 26, 2000).

1Japanese Offshore Market (JOM).
2Asian Currency Units (ACUs).
3Bangkok International Banking Facilities (BIBFs).
4U.S. International Banking Facilities (IBFs).
5Includes Virgin Islands, Anguilla, and Monserrat.

Table 2 provides the Financial Stability Forum's list of 42 jurisdictions that it considers to have significant offshore activities.4 The list is organized according to the FSF's groupings, which are defined as follows: The first group (Group I) would be jurisdictions generally viewed as cooperative, with a high quality of supervision, which largely adhere to international standards. The second group (Group II) would be jurisdictions generally seen as having procedures for supervision and co-operation in place, but where actual performance falls below international standards, and there is substantial room for improvement. The third group (Group III) would be jurisdictions generally seen as having a low quality of supervision, and/or being non-co-operative with onshore supervisors, and with little or no attempt being made to adhere to international standards.

Table 2. Basic Facts on OFCs Considered by the Financial Stability Forum

Offshore
Financial Center IMF
Member Historical Association
with IMF Member Population
(million) Licensed
Banks
(number) Supervisory Authority
Group I
1 Dublin (Ireland) Yes n/a n.a. 54 Central Bank of Ireland
2 Guernsey No U.K. Crown Dependency 0.07 77 Guernsey Financial Services Commission
3 Hong Kong, SAR No Part of China 6.85 454 Hong Kong Monetary Authority
4 Isle of Man No U.K. Crown Dependency 0.07 67 Financial Supervisory Commission
5 Jersey No U.K. Crown Dependency 0.09 79 Jersey Financial Services Commission
6 Luxembourg Yes n/a 0.42 221 Comm. de Surv. du Sect. Financier
7 Singapore Yes n/a 3.87 212 Monetary Authority of Singapore
8 Switzerland Yes n/a 7.1 n.a. Federal Banking Commission
Group II
1 Andorra No France and Spain 0.06 n.a. n.a.
2 Bahrain Yes U.K. independ. since '71 0.62 102 Bahrain Monetary Agency
3 Barbados Yes U.K. independ. since '66 0.26 63 Central Bank of Barbados
4 Bermuda No U.K. Overseas Territory 0.06 3 Bermuda Monetary Authority
5 Gibraltar No U.K. Overseas Territory 0.03 32 Financial Services Commission
6 Labuan (Malaysia) Yes n/a n.a. n.a. Labuan Offshore Financial Services Auth.
7 Macao, SAR No Part of China 0.44 n.a. Mon. and Foreign Exch. Auth. of Macao
8 Malta Yes n/a 0.38 20 Central Bank of Malta/Fin. Services Centre
9 Monaco No France 0.03 n.a. n.a.
Group III
1 Anguilla No U.K. Overseas Territory 0.01 6 Directorate of Financial Services, MOF
2 Antigua & Barbuda Yes U.K. independ. since '81 0.07 55 MOF and Sup. of Banking and Trust Corps.
3 Aruba No Part of the Netherlands 0.07 6 Central Bank of Aruba
4 Bahamas Yes U.K. independ. since '73 0.3 418 Central Bank of the Bahamas
5 Belize Yes U.K. independ. since '81 0.24 5 Central Bank of Belize
6 British Virgin Islands No U.K. Overseas Territory 0.02 13 Financial Services Inspectorate
7 Cayman Islands No U.K. Overseas Territory 0.04 575 Cayman Islands Monetary Authority
8 Cook Islands No In Free Assoc. with N.Z. 0.02 n.a. n.a.
9 Costa Rica Yes n/a 3.53 28 Banking Superintendency
10 Cyprus Yes U.K. independ. since '60 0.77 46 Central Bank of Cyprus
11 Lebanon Yes n/a 3.14 98 Banking Control Comm., Banque du Liban
12 Liechtenstein No n/a 0.03 11 Financial Services Authority
13 Marshall Islands Yes n/a 0.07 n.a. n.a.
14 Mauritius Yes n/a 1.16 20 Bank of Mauritius
15 Nauru No Former UN Trustee 0.01 n.a. n.a.
16 Netherlands Antilles No Part of the Netherlands 0.2 56 Bank van de Netherlandse Antillen
17 Niue No In Free Assoc. with N.Z. 0.002 n.a. n.a.
18 Panama Yes n/a 2.76 97 Superint.cy of Banks of the Rep. of Panama
19 Samoa Yes n/a 0.17 n.a. n.a.
20 Seychelles Yes n/a 0.08 6 Central Bank of Seychelles
21 St. Kitts and Nevis Yes n/a 0.04 n.a. MOF, ECCB
22 St. Lucia Yes n/a 0.15 7 Fin. Serv. Sup. Dept. of MOF, ECCB
23 St. Vincent and Grenadines Yes n/a 0.11 17 MOF, ECCB
24 Turks and Caicos No U.K. Overseas Territory 0.02 n.a. Financial Services Commission
25 Vanuatu Yes n/a 0.18 7 Vanuatu Financial Services Commission