AEMI license in Malta

March 3, 2023
beautiful shot gozo island malta winter

Malta sets excellent basis for activities of firms in field of e-money, thus, more and more AEMI are opening in this jurisdiction. Jurisdiction has a good economy and political stability, a profitable IT infrastructure and convenient laws for company owners on blockchain and other fiscal and technical services. Also, an important advantage of such a permit as an AEMI license in Malta is state location in EU, so enterprises licensed in the jurisdiction can operate throughout Europe.

AEMI, which is established on the territory of this island, offers the latest range of services for digital transactions that regular banks do not always carry out. To buy a company with AEMI license in Malta is a perfect decision because such structure is very flexible and adapts perfectly to the constantly changing European regulations and rules. It is one of the first countries in Europe to pass new regulatory laws for AEMI and create specific blockchain and digital-currency frameworks.

Authorized electronic money institution license in Malta: advantages

  1. Clear and loyal regulatory framework.
  2. Favorable tax conditions.
  3. English-speaking workers with relevant education and qualifications in the local labor-market.
  4. Authorized e-money license in Malta provides opportunity to work throughout Europe.
  5. Proximity to 2 areas that are of interest to e-money companies – online casinos and digital games.
  6. The low costs required to maintain a firm and keep it running.
  7. Rapid approval – approximately 3-4 months after application.

Requirements for AEMI license in Malta

A firm that wants to get AEMI license in Malta must submit an application along with properly completed supporting documents:

  • a transaction program that defines the types of services planned to be provided;
  • a copy of the Memorandum and Articles of Association;
  • commercial plan. All information should be here to set up the starting capital and security mechanisms;
  • supervision mechanisms to combat money laundering and counter terrorism.

Ready-made AEMI license in Malta: taxes

Like all businesses that are residents of this jurisdiction, AEMI license in Malta for sale is subject to corporate income-tax of 35%. But this indicator also depends on the conditions of the general system of taxes of the jurisdiction. According to it, the tax, which is paid by the firm on the island during the final distribution of dividends, is credited to the shareholder as a tax credit against the tax liabilities of the shareholders. So, when the dividends are distributed, the shareholder will be entitled to recover the upfront taxes that were received from the distribution firm. In summary, the full conditional tax exemption makes firms set up in Malta very tax-efficient vehicles with the ability to recoup some of the money from shareholders. The tax reduction ratio is typically 6/7, which reduces the tax collection to just 5%.

Buy authorized e-money institution in Malta

All regulatory frameworks of the jurisdiction that govern deals of AEMIs take as a basis the provisions of the banking legislation (section 371 of the Laws of Malta), which transfers the Cryptocurrency Directive. Pursuant to section 2 of Banking Law, e-money establishments are any persons, not a credit company, that issue payment means in e-form. However, AEMI companies are not allowed to give loans or run other banking operations.

Cryptocurrencies, according to the Law on Monetary Value, are funds that are stored in e-form, and are issued after receipt of monetary means in an amount that is not less than the cost of issuing currency. Virtual money is accepted for payment by firms not being issuer.

AEMI in Malta for sale is a ready-made solution, by resorting to which, an entrepreneur gets the opportunity to quickly start a business at minimal cost. ELI Deal specialists are ready to provide you with professional assistance in licensing-process and selecting a ready-made company that already has a permit. Thus, you’ll be able to buy AEMI license in Malta, rationalizing your own costs as much as possible and enlisting the support of experienced professionals.

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