Malta continues to be considered one of the first European jurisdictions that fintechs look to for obtaining permits to offer digital payments and storing client money securely in digital form. As an EU Member State, Malta offers a well-established regulatory framework together with access to the entire European Economic Area through passporting rights.
Nowadays, the focus is on operational resilience, cyber security governance, outsourcing and business continuity. To obtain AEMI license in Malta, one must prepare in a proper way.
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Overview of AEMI License in Malta
| Supervisory Authority | The Malta Financial Services Authority (MFSA) |
| Authorization Category | AEMI |
| Minimum Initial Capital | EUR 350,000 |
| Permitted Activities | E-money issuance, payment account solutions, payment transactions, and development of card-related products. |
| Safeguarding of Client Funds | Organizations must maintain appropriate arrangements to keep client funds separate from their own assets. The chosen safeguarding method must ensure proper handling and availability of customer balances. |
| Application Assessment | The review period depends on the completeness of the submitted documentation, complexity of the business model, and the time required to address MFSA questions during the assessment process. |
| Management Structure | Key individuals, including directors, compliance officers, and the MLRO, must demonstrate relevant experience, professional competence, and suitability for their roles. The MFSA also evaluates whether the governance structure is appropriate for the planned activities. |
Requirements for AEMI license in Malta
The MFSA evaluates whether the future organization is capable of operating on a long-term basis and whether its organisational structure reflects genuine substance within the nation.
The business normally establishes a local legal entity that serves as the authorized organization. Decision-making functions are expected to remain in the country. Directors and senior managers should demonstrate appropriate industry knowledge, while shareholders undergo suitability assessments before approval.
The documentation package usually includes:
- a detailed business model describing planned activities;
- projected income and expenditure supported by realistic assumptions;
- governance structure showing responsibilities of key personnel;
- internal procedures covering risk oversight and operational controls;
- policies for customer due diligence and prevention of illicit activity;
- safeguarding arrangements for client funds;
- ICT architecture, cybersecurity framework and disaster recovery planning;
- outsourcing documentation where external providers perform essential functions;
- internal audit and independent control procedures.
Benefits of AEMI license in Malta for sale
One of the country’s strongest advantages lies in its position within the EU. Once the authorization process has been completed and the necessary notifications are submitted, institutions may expand their activity across other EEA jurisdictions.
Businesses are also attracted by several local factors:
- English as an official language used throughout legal documentation and communication;
- a legal system combining civil law principles with elements of common law;
- an experienced fintech ecosystem supported by legal, audit, and technology professionals;
- a business environment familiar with payment institutions and digital finance projects;
- stable supervisory practice developed over many years.
How to get AEMI license in Malta
Most of the preparatory work is carried out ahead of the submission date. First of all, the company structure, intended activities, and internal set-up should be examined to determine if they comply with the criteria of a permit.
The process generally includes:
- incorporation of the local entity;
- preparation of governance policies and internal documentation;
- drafting the business plan and operational procedures;
- development of ICT, cybersecurity, and continuity arrangements;
- submission of the licensing file;
- replies to requests for clarification during the assessment;
- implementation of any necessary adjustments before approval.
During the assessment, the competent authority might also ask for more details about the company’s governance, technology environment, and internal processes before making the final decision on the application.
Besides, if one wants to avoid the procedure of licensing, it is possible to buy authorised e-money institution in Malta.
Taxation of AEMI in Malta for sale
Authorised organizations fall within the local corporate taxation framework. The country applies a full imputation system, allowing tax paid at entity level to be taken into account when profits are distributed to shareholders.
Depending on the ownership structure and business model, shareholders may qualify for tax refunds available under local legislation. Each case should be analysed individually.
Businesses should also consider:
- VAT treatment where applicable;
- payroll taxation;
- accounting and statutory reporting obligations;
- transfer pricing rules for cross-border structures;
- economic substance expectations.
How much does a permit cost?
There is no fixed budget suitable for every project. The overall investment depends on the proposed business model, technology infrastructure, and the level of professional assistance required.
Typical expenses include:
- government filing and supervisory charges;
- incorporation of the enterprise;
- legal support;
- preparation of internal documentation;
- governance and control frameworks;
- ICT and cybersecurity implementation;
- audit and accounting support;
- ongoing obligations after authorization.
FAQ
Is it possible to buy AEMI license in Malta for sale?
A ready-made AEMI license in Malta cannot be directly purchased. However, investors are able to buy a company with AEMI license in Malta, subject to assessment, MFSA approval of ownership changes, and confirmation that the new structure meets applicable criteria.
What is an authorised e-money license in Malta suitable for?
It enables an organization to issue e-money and provide regulated payment offerings under the MFSA’s permission. The authorization is a suitable choice among fintech firms developing solutions like payment gateways, digital wallets, card payment systems, and similar products.
Do AEMIs need to have a physical office?
Yes, the organizations have to prove their genuine presence in the country. This usually encompasses an appropriate management structure, qualified personnel, and operational arrangements that reflect the actual activities of the institution rather than a purely formal presence.
How quick is the process to get an authorised electronic money institution license in Malta?
The duration depends on the complexity of the project, quality of documentation, readiness of internal procedures, and the speed of responding to MFSA questions. Proper preparation before submission can significantly improve the efficiency of the process.