After successfully settling in Malta, one of the necessary things you will need is a bank account. A local bank account will make it convenient for you to receive your salary if you are working, pay bills, pay medical care among other activities.
As an entrepreneur, it can be very frustrating to have a brilliant business idea but fail to implement it because of limited funding. To cater for great entrepreneurs with revolutionary ideas, the Maltese government created an agency called Malta Enterprise. The fundamental objective of Malta enterprise is to provide assistance and funding to Maltese high potential start-up companies.
Malta has probably one of the fastest growing economies in Europe and is one of the most targeted investment destinations from on a global scale. This is owed to its top-notch business facilities, a friendly tax system, and expedient business policies.
It is possible for non – residents to open a bank account in Malta, even before arriving to the country. Maltese banks offer a wide range of services and they often use incentives to attract new customers, especially foreigners. Opening a bank account is a quick and easy process in Malta, especially if there is no history of adverse credit or debts.