Licensed EMI in Malta
Malta has become a country popular for its favorable tax regime and pro-business environment. It’s an often sort after jurisdiction for businesses and investors outside the EU as a gateway to EU. The regulators in Malta have also recognized the interest of those from outside of the EU and have practically and prudently allowed for some flexibility in terms of requirements while still holding steadfast for the need to be compliant with local laws which meet international standards.
All this is true also for an EMI that is set up in Malta. Most of the requirements are identical to those necessary for a EMI fintech license in other EU countries thanks to a unified regulation. This includes a minimum capital requirement of €350,000, safeguarding and segregation obligations, proper record keeping and e-money reporting, having a local office staffed with adequately knowledgeable and experienced staff, proper internal documentation and local director and compliance officer.
It might look like a long list, however, Aniva Consulting can take care of all these requirements very effectively thanks to its long-term experiences in the industry.
Once you have an e-money institution license, you can freely perform the following basic activities:
- Electronic money issuance
- Card acquiring
With a Maltese EMI license, all of these services can be passported to other EU member countries, depending on your business model and on who will be your target clients. With the EU reputation backing your business, you are likely to quickly gain clientele outside of the EU too.
Take advantage of an EMI in Malta – Aniva Consulting, your trusted partner is here to help you through the entire licensing process.