Please see below the relevant licences together with the minimum capital requirements:
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Type of License/Service
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Minimum Initial Capital Requirement, in EUR
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Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account
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EUR 125 000
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Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account
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EUR 125 000
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Execution of payment transactions, including transfers of funds on a payment account with the user's payment service provider or with another payment service provider: (a) execution of direct debits, including one-off direct debits; (b) execution of payment transactions through a payment card or a similar device; (c) execution of credit transfers, including standing orders)
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EUR 125 000
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Execution of payment transactions where the funds are covered by a credit line for a payment service user: (a) execution of direct debits, including one-off direct debits; (b) execution of payment transactions through a payment card or a similar device; (c) execution of credit transfers, including standing orders
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EUR 125 000
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Issuing and/or acquiring of payment instruments
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EUR 125 000
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Money remittance
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EUR 20 000
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Execution of payment transactions where the consent of the payer to execute a payment transaction is given by means of any telecommunication, digital or IT device and the payment is made to the telecommunication, IT system or network operator, acting only as an intermediary between the payment service user and the supplier of the goods and services
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EUR 50 000
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Assistance with submission of preliminary proposal to Malta Financial Services Authority (“MFSA”), drafting of application form, business plan, personal questionnaires and consultancy connected thereto. This stage ends with the submission of the application pack to the MFSA.
Finalization of outstanding matters such as submission of signed copies of the revised application form together with supporting documents in their final format; liaison with MFSA in relation to any matter raised during the application process; liaison with other service providers for the completion of the process. This stage ends with the obtainment of the ‘in principle’ approval letter received from the MFSA.
Liaison with MFSA, consultancy and finalisation of the pending requirements to enable licensing. This stage ends with the obtainment of the licence by the MFSA.
The minimum timeframe for obtaining of PSP license is 6 months.
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Service
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Cost (EUR)
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Stage 1 – Pre-Application & Submission of Application Stage
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35 000
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Stage 2 – Application Stage
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15 000
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Stage 3 – Pre-Licensing Stage
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10 000
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Governmental Fees
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3 500
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Company Incorporation in Malta incl. name reservation, preparation of initial set of corporate documents (not notarized or apostilled), gov. fees, courier, compliance fee for one UBO
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7 500
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Share capital
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from 50 000 to 125 000
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Bank Account Opening Assistance
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3 500
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Compliance fee
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder), - signing of documents. |
350 (standard rate, includes the check of 1 individual),
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL, + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL, 450 (rate for high-risk companies, includes the check of 1 individual), 100 (signing of documents). |
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Office space search service
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from 5 000
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Rental of apartment
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from 1 200 / month
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Rental of office space
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from 2 000 / month + VAT
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Preparation of documents and registration of foreign employee employment
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from 1 200
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[1] Fees indicated herein are valid on the date of sending this proposal. The fees do not include legalization, notarization, or translation of documents.