Eternity Law International News PSP license in Malta

PSP license in Malta

March 13, 2023

Malta has experienced a substantial rise in the number of PSPs authorized there in recent years. As a result, the island has emerged as a top location for financial businesses. The specialists at Eternity Law International are eager to assist clients with obtaining a PSP license in Malta.

Legal Basis

Maltese law effectively supervises the mechanisms of monetary services provision. The FIA transposes the Directive 2007/64/EC into the Maltese legal framework (Cap. 376). According to it, PSPs as “quasi-banking” vehicles fall under the same level of regulation as credit firms, but without the restrictions stipulated by the Banking Act of 1994’s regulations.

Businesses for sale in Malta

Company with a gambling licence in Malta for sale

Europe, Malta Online gambling
Unique opportunity to purchase Malta Gaming License. Company registration year: 2016 B2C – Gaming Service Licence License type: Type 3 Gaming Services Authorized by MGA Type 3 – games of chance not played against the house and wherein in the operator is not exposed to gaming risk, but generates revenue by taking commissions or other…

Ready made company in Malta with bank account

Europe, Malta
Buy a ready to use company in Malta with bank account : This company was founded in 09/2015 with the aim of providing Renovation, Fit-Out, and Construction services in Monaco, France and Greece. It was setup as a “HOLDING + OPERATIONAL” (HOLCO+OPCO) twin set of companies in Malta for tax reasons, due to the very…

Ready-made company in Malta with Gaming License and bank accounts for sale

Europe, Malta
Unique opportunity to purchase company with Malta Gaming License. In 2011 year readymade company in Malta obtained B2C – Gaming Service License: Type 1 – games of chance played against the house, the outcome of which is determined by a random number generator. This type includes casino type games such as roulette, blackjack, baccarat, poker…

Passportization rights

Malta is one of the most suitable centers for the licensing of PSPs or considering Malta PSP for sale because of the passport rights, low startup costs, availability of professional services, potential to improve tax efficiency, and the emergence of the Maltese monetary market as a hub for portfolio management and monetary services.

The decision to register a PSP in Malta or to buy a company with a PSP license in Malta brings around passporting privileges across the European Economic Area. Servicing clients in any EEA state is thus permitted for firms located in the Eurozone with cross-border operations without the need for further authorization. 

PSP license in Malta – Authorizations

An entity with a payment agent license in Malta assists commercial entities to collect e-payments. PSPs serve as middlemen between two parties: merchants who take payments and customers who make them.

PSPs create technological ties between acquirers and card networks, allowing firms to use a variety of options without having to connect with a specific banking entity. They fully oversee payment procession and connections to external networks, reducing the merchant’s reliance on banks. Moreover, in addition to depositing and withdrawing cash, PSP services can include remittance, fraud prevention, and risk management procedures. 

Requirements for PSP license

An applicant may be eligible to get a PSP license in Malta if the legal entity fulfills the below-mentioned terms for PSPs:

  • The MFSA conducts a “fit & proper” test on the applicant when processing the document package. The shareholders and upper management must approve their competence and honesty in all of their dealings to pass this procedure.
  • The applicant must prepare the package of documents.
  • An applicant must pay a fee of €3,500, and the minimum capital ranges from €20,000 to €350,000 subject to the service offered.
  • Min. three directors, one of whom must be Maltese, and a local presence are required for one to obtain a PSP license in Malta. 
  • Moreover, a presence of a local office will eventually be required to establish a PSP there.
  • The MFSA may additionally request extra data if necessary.

The complete authorizing process may take three to six months. However, there is an option to speed it up – to buy a PSP license in Malta or consider a ready-made PSP for sale.Get in touch with us if you’re interested in how to get an offshore PSP license in Malta and how it can benefit your company. Our specialists will walk you through the whole process of licensing your new company.

You could be interested

Ready-made company in Nigeria

Nigeria offers foreign investors increasingly favorable conditions for doing business. Opening a company in the territory of the jurisdiction is a great start for the development of the African market or the successful diversification of assets. Our specialists offer companies for sale in Nigeria and full legal support at all stages of registration of activities....

Overview of a regulatory and legal regime for blockchain in the EU

The EU executive, the Cοmmission, recognizes the significance of transparency of regulatory and legal regime for blockchain. Fields related to cryptocoins are getting more popular nowadays as the virtual currency market is now being regulated by the law. The EU demonstrates support for established regulative norms for blockchain regulation aiming to prevent legit and regulative...

Offshore in Switzerland

In the modern business world, Switzerland has gained the image of an expensive, but, at the same time, stable country. Tax planning and participation in various government tenders make Switzerland an ideal country for those looking to start a business abroad. Offshore in Switzerland is also possible, it is here that every businessman gets: fixed...

Regulation of cryptocurrency in UK

Legal regulation of cryptocurrency in the UK is a standard process for the country. To date, the state has developed the most favorable legislative framework for doing business with cryptocurrency operations. The state supports international projects related to digital currency, sponsors start-ups. Despite the positive trend, the UK government has not yet settled a final...

Investment funds

Investment funds (hedge). How to open Investment funds – companies engaged in collective investment. Their essence is the accumulation and saving of funds of private and legal entities for further investment through the purchase of securities and shares. For what purposes funds are created? Opening investment funds will help to solve a number of issues...

Business and investment in 2020

Business and investment in 2020 – what is the most successful country for development? The coronavirus pandemic has made adjustments to business development. Is it possible to find a country where, despite the crisis and the global economic downturn, global problems are not forecast in connection with the current situation? Is there such a state?...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


1629 K St. Suite 300 N.W.


Gediminas Avenue, 44A


Kesklinna linnaosa, Tuukri 19


Lochrin Square, 1


Jacovides Tower, 5 floor


Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


Level 42, Suntec Tower Three, 8 Temasek Boulevard


20 Martin Place


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7