Scroll

Malta Payment Service Provider License

The number of Payment Server Providers (PSPs) licensed in Malta has seen significant growth over the last few years, and, alongside the thriving i-Gaming and e-Commerce industry, the Island has become the destination of choice for the set-up of Payment Server Providers.

PSPs may engage in various activities including: the execution of payment transactions, issuing and/or acquiring of payment instruments, as well as money remittance.

Like other financial institutions, PSPs are not allowed to receive deposits or other repayable funds from the public and must use funds exclusively to provide payment services.

Legal Basis

PSPs are regulated in Malta under the Malta Financial Institutions Act (the “Act”) which transposes the Payment Services Directive (the “Directive”), specifically under Schedule II of this Act. Such licence holders are authorized and regulated by the Malta Financial Services Authority (the “MFSA”), the supervisor of all the financial services industry.

Benefits

Key Requirements

In assessing an application for the obtainment of a Payment Services Licence, the MFSA carries out a “fit and proper” test on the applicant. For the purpose of this test, the shareholders, directors and senior staff members must demonstrate solvency, competence and integrity in all their dealings.

Application Criteria

Local Presence

For one to obtain a PSP in Malta they must have a local presence, they must have a minimum of 3 directors with at least one of them being Maltese. Also one must have a minimum of 2 local operational staff members, a local MLRO and Compliance officer.

Furthermore, to set up a PSP in Malta one has to eventually need an office space in Malta

Procedure

Local presence + Settling licensing fee + Application documents + Minimum capital; €50,000 - €125,000 depending on activities = Licence
Local presence Settling licensing fee Application documents Minimum capital;
€50,000 - €125,000 depending on activities
Licence

Process And Timeline

Step 1
2 Months: Preparation

2 Months: Preparation

  • Compiling the documentation requested by the Authority
  • Settling application fees
  • Meeting with MFSA (Malta Financial Services Authority) required, we will arrangement for you at your most convenience time
  • Submit Licence Application
Step 2
3-4 Months: Processing Time

3-4 Months: Processing Time

  • The MFSA reviews the Application and carries out ‘Fit and Proper Test’
  • “In Principle’ Approval
Step 3
1 - 2 Months: Compliance Time

1 - 2 Months: Compliance Time

  • Incorporating the company
  • Depositing share capital

Issuance of Licence and Commencement of Business Approval at the end of this stage

Offshore Company Corp services to get your license of Payment Server Providers in Malta is 24,000 US$. Contac us for more detail.

Set up company in Malta

Promotion

Travel, work and have fun in one! Set up your offshore company in Hong Kong/Singapore this summer

One IBC Club has been established for you. More uses, more benefits

One IBC Club

One IBC Club

There are four rank levels of ONE IBC membership. Advance through three elite ranks when you meet qualifying criteria. Enjoy elevated rewards and experiences throughout your journey. Explore the benefits for all levels. Earn and redeem credit points for our services.

Earning points
Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.

Using points
Spend credit points directly for your invoice. 100 credit points = 1 USD.

Partnership & Intermediaries

Partnership & Intermediaries

Referral Program

  • Become our referer in 3 simple steps and earn up to 12% commission on every client you introduce to us.
  • More Refer, More Earning!

Partnership Program

We cover the market with an ever-growing network of business and professional partners that we actively support in terms of professional support, sales, and marketing.

Jurisdiction Update

About us

We are proud your partner and operate in Leading Company Formation, Financial and Corporate Services Provider where clients need to achieve their objective international market. Our Solution. Your Success.