One of the most appealing places in Europe to get a permit for a fintech organization that wants to work in the EEA is now Malta, due to its good supervisory environment and a business culture that is open to new ideas. This makes the state especially attractive for companies that work with electronic money issuance and payment services..
If an organization gets an electronic money institution (EMI) license in Malta, it can not only operate on the island but also serve customers in several other European countries. Thus, for entrepreneurs who are new to the sector and for established groups who are looking for a place in Europe, the country in question is still a good choice to grow in 2026.
Malta EMI license requirements
The local regulatory authorities expect applicants to demonstrate that the future business has a solid foundation and is capable of conducting its activities responsibly and sustainably.
Some of the key areas that are typically examined by the regulators are:
- transparency of the ownership structure;
- background and anti-fraud checks of the shareholders and the senior management personnel;
- governance framework of the board of directors;
- risk management arrangements;
- AML procedures;
- business continuity planning;
- technology architecture, cybersecurity, and data privacy;
- physical presence and the extent of decision-making in the country.
The regulators expect a comprehensive and clear description of the planned activities, a set of realistic and reasonable projections, and evidence that there are sufficient resources available to support the future growth of the business.
Advantages of EMI license in Malta
- The most significant benefit is the possibility to expand throughout the EEA using the passporting rights provided by the EU legislation. This means that institutions with permit can access clients in several member states without the need to apply for separate authorisation in each one.
- The country has also become a reputable place for a strong fintech community. Over time, the jurisdiction has attracted international entrepreneurs and innovative startups who are looking for a stable and trusted base.
- Another key advantage is the focus on technology. The country is a proactive supporter of digital innovation, and therefore it can become a perfect location for projects revolving around digital wallets, stored-value solutions, or the modernisation of transaction technologies.
- The presence of experienced professionals is equally important. Businesses can access the highly skilled and English-speaking workforce with the knowledge of the industry, risk management, compliance, accounting and advisory services.
- Moreover, organizations with EMI (Electronic Money Institution) license in the Malta are allowed to perform a wide variety of activities. This gives companies the opportunity to create a diverse portfolio of offerings and pursue sustainable growth over time.
- The local tax system is very attractive for international groups who are looking for an efficient jurisdiction to carry out their activities.
Procedure for obtaining an EMI license in Malta
EMI licensing in Malta requires meticulous preparation and a strategic approach. Prior to filing with the MFSA, it is advisable to perform due diligence on the proposed business and make sure that all the necessary demands can be satisfied.
- Typically, the process starts with a review of the planned activities to confirm that the e-money license in Malta is the right fit and to anticipate the obligations that will arise once the authorization is granted.
- The following step will be the organization of the business setup, which will include the appointment of key personnel and the establishment of governance arrangements that are in line with local standards and expectations.
- When the foundational work is done, the preparation of the application follows. The content of these applications usually consists of:
- Strategic business plan;
- Revenue forecasts;
- Governance descriptions;
- AML arrangements;
- Technology overview;
- Risk assessment procedures;
- Customer fund protection arrangements.
- Once the application is submitted, the MFSA undertakes a thorough review. At this stage, the authority may seek further clarifications or additional details.
- Once all relevant matters have been addressed and the authority is satisfied that conditions have been fulfilled, the organization may begin carrying out its approved activities.
When planning a business strategy, understanding types of EMI licensing in Malta is crucial.
What is included in our services
Eternity Law International takes the clients through the entire authorisation process from start to finish.
The functions by which we render support are:
- Initial project review;
- Study of the new business idea;
- Advising on the best business format;
- Supporting on AML and corporate governance;
- Interacting with the MFSA, etc.
Each project is given special care so that the method selected is in line with the client’s business goals and their future plans.
Besides that, we help in acquiring forex broker authorization and ready-made cryptocurrency licenses for sale.
Taxation of EMI in Malta
The country is a good choice in terms of taxes for global organizations.
- Companies with electronic money institution license in the Malta are mainly governed by the local tax system. Besides, there are several arrangements to eliminate double taxation on income.
- With good initial planning, not only efficiency increase is possible but also full abidance by local and European regulations can be maintained.
- If one is running a business involving other countries, it is highly advisable to have a professional tax review before starting operations.
How much does EMI licence in Malta cost?
The overall budget required for an EMI project in Malta varies from case to case.
The main expense categories usually include:
- Government charges;
- Advisory support;
- Establishment expenses;
- Technology infrastructure;
- Staffing requirements;
- Audit and reporting obligations;
- Ongoing supervisory charges.
A detailed assessment is generally required before accurate budgeting can be provided, as each venture presents its own characteristics and challenges.
Overview of electronic money institutions (EMI) in Malta
| Parameter | Description |
| Supervisory Authority | MFSA |
| Regulations for EMI license in Malta | Financial Institutions Act and applicable EU legislation governing EMIs |
| Authorization Type | Electronic Money Institutions in Malta |
| Main Activities | Issuance of digital stored value, transaction processing, account-related services, card solutions, and related fintech activities |
| Protection of Client Assets | Client funds must be kept separate and handled in accordance with local demands |
| Governance Requirements | AML procedures, risk oversight, auditing arrangements, reporting obligations, and business governance structures |
| Local Substance | Presence on the island, qualified directors, and suitably experienced key function holders |
| Geographic Reach | Ability to expand services throughout the EEA |
| Approval Process | Preliminary assessment, preparation stage, review by the MFSA, and final authorisation |
Our advantages
Eternity Law International provides practical assistance to businesses whether they want to get or buy EMI license in Malta.
Clients value our experience in EMI matters, our individual approach to every project, and our ability to guide businesses through each stage of the process. We focus on solutions that reflect the client’s goals rather than generic approaches.
Our team has extensive experience with international projects and understands the challenges associated with expansion into new markets. Beyond obtaining authorisation, we continue supporting clients as their businesses grow and develop.
FAQ
What are the tax implications for a Maltese EMI license holder?
Entities operating under an authorisation are generally subject to local tax rules. The jurisdiction is recognised for a system designed to reduce instances of double taxation, which can be advantageous for international ventures. The exact treatment will vary according to the activities performed and the way the undertaking is organised.
How does an EMI differ from a bank?
It is authorised to issue digital stored value and provide related transaction services, while a bank may give a broader range of offerings, including deposit-taking and lending activities. Consequently, banks are subject to a different level of supervision and a wider set of obligations.
Why might an EMI be preferred over a traditional bank?
Quite a few fintech organizations go for a money remittance institution option as it is tailor-made for digital transaction services and stored-value goods. It is quite a convenient solution for digital wallets, card programmes, online transaction platforms, and other technology-driven services that do not require setting up a full bank.
What factors does the MFSA consider in an EMI application?
Upon receiving a request, the regulator carries out extensive checks, covering areas such as the background and appropriateness of shareholders and key persons, governance policies, AML procedures, technology systems, financial forecasts, and the overall feasibility of the venture.
Why Malta for an EMI license?
The country continues to be a popular choice among start-ups and international groups looking for easy access to the European market due to its solid supervisory environment, the possibility of EU passporting, the presence of a stable fintech ecosystem and the availability of an experienced, English-speaking workforce.