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.
There are a plethora of benefits that come with having Maltese citizenship. This explains why it is not very easy to get citizenship in Malta. According to the Maltese legislation Amendment Act of 2013, there are three major categories by which one can obtain Maltese citizenship.
Malta is becoming one of the most preferred destinations for investors and expatriates from around the world. This is owed to its stunning climate, attractive business opportunities among other reasons. Like any other country, the Maltese government has put in place a number of laws and regulations to control the immigration and the acquisition of citizenship in the country. The Maltese Citizenship Act was established for the purpose of individuals in need of citizenship in Malta.
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.