If you’re an expat in Malta looking for a suitable bank, you have several options to choose from ranging from local banks to global/international banks. In case you want to focus on a bank with a physical location, we recommend four options: Bank of Valletta (BOV), HSBC Malta, APS Bank, and Lombard Bank. Should you prefer an online/digital bank then we recommend Revolut Bank or Wise (formerly TransferWise).
Malta is a republic that sits in the heart of the Mediterranean sea. It became an EU member in 2004 and started transacting with the Euro as their currency four years later. The country has one of the most efficient corporate structures and an attractive tax system, which makes it a desirable place to settle for foreign nationals and investors. Citizens and companies can set up various types of bank accounts in Malta. They can also access loans and mortgages.
Almost everyone thinks about one day buying their dream home, or running a business from their own shopfront or offices. If you could afford buying property in Malta outright, without getting a loan, might be the best way to make this purchase. But most of us require a loan to achieve this goal. Follow the five steps below to get started with getting a loan and buying your dream property in Malta
A concise guide for expats in Malta who are seeking mortgage finance to buy property in Malta or re-mortgage an existing property in Malta. We recommend that you read this guide before you apply to the bank.
When looking into foreign exchange in Malta you should know the local currency is the Euro (EUR), which means its monetary policies are issued by a separate financial institution – the European Central Bank (ECB).
Banking and the processes adopted by banks in Malta might be overwhelming for new expats coming to the island. In this article you will learn about the most common frequently asked questions when dealing with banks in Malta.
Good news for expats in Malta looking to transfer money: as guaranteed by freedom of capital under EU law, there are no particular restrictions in money transferring, both for incoming and outcoming transfers.