How to open a business bank account in Malta without going to Malta
Communication Team
Communication Team

July 12, 2022

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How to open a business bank account in Malta without going to Malta

Think you need to go to Malta in order to set up a company and open a bank account there? We’re happy to tell you, you are wrong! If you are looking to expand your business, establish a company, or open a business bank account in Malta, you can do it all without going to Malta at all. In today’s digitalized world, everything is now so much easier than we’ve perhaps come to expect. You could set up your company in Malta today simply by applying online. Also, thanks to digital banking solutions, you can now open a business bank account online in just 10 minutes. No paperwork, no hassle.

Applying to open a company in Malta

You can apply digitally to establish a company in Malta without going to Malta. These are the requirements for your online application:

  1. Prepare all your documents detailing company type, name, address, capital and business plan.
  2. Prepare detailed documents for all the shareholders of the company.
  3. Once the above is completed, upload your company formation application to the Registry of Companies Association of Malta. (The average approval time is 1 week - 10 days)
  4. Start your application to open a business bank account.

How to open a business account in Malta without going to Malta

If you have completed the entire application process and need a business account for your company in Malta (which you will!), we have good news for you. The option of using digital banking solutions makes it possible to open a bank account in Malta without going to Malta. This is where wamo comes in. You’re probably dreading the thought of endless procedures, long waiting times and mountains of paperwork but, with wamo, you can open a business account in just 10 minutes. wamo lets you manage all your finances from one place, effortlessly. Using wamo's smart mobile application, you can control and streamline all your expenses, create as many sub-accounts as you want, and easily issue yourself limitless virtual debit cards. With wamo all your transactions are easy and secure. You focus on growing your business; leave the accounting, paperwork and expense planning to us. That’s why we’re here!

© wamo 2022, all rights reserved wamo & the wamo logo are trademarks and trade names of wamo technology Limited and may not be used or reproduced consent of the owner

wamo.io LTD incorporated and registered in the United Kingdom under the company registration number 12352849 and the operational office of which is at WeWork, 199 Bishopgate, London EC2M 3TY. wamo operates the wamo.io website and the app. wamo is not a bank, the current account is an e-money account. Issuance of Electronic Money and payment services is provided by PayrNet Limited. PayrNet holds an amount equivalent to the money in the wamo current accounts in a safeguarding account which gives the customers protection against insolvency. We are authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (register reference 922901) for the issuing of electronic money. wamo is an EMD agent of PayrNet.

© wamo 2022, all rights reserved wamo & the wamo logo are trademarks and trade names of wamo technology Limited and may not be used or reproduced consent of the owner