INCORPORATE A COMPANY IN MALTA
The procedure starts with incorporating an LLC with a registered address in Malta. For it, you will have to:

Provide basic identity information on beneficiaries, directors, and shareholders
Provide the name of your company, corporate email address, and a short description of the company’s activities
Submit a notarized Power of Attorney (if incorporating remotely)
Pay an incorporation fee
The only economic substance requirement in Malta by date is having a registered office in the country. The beneficiary and the director must be two separate people, but they are not required to be Maltese residents.

Rengang provides assistance with the full package of documents for incorporating a Malta company. We also conduct remote incorporation on behalf of the client within a timeframe of approximately 2 weeks.

FORM AND SUBMIT AN APPLICATION TO THE MFSA
After an LLC is formed, the company’s representative must prepare a CASP licensing application and submit it to the MFSA through the MFSA Licence Holder Portal (‘LH Portal’). While Malta is still amending its authorization process for CASPs, the main requirements are likely to be as follows:

Company’s formation details and proposed name
A diagram of the actual or proposed shareholding structure
Indication of any previous regulatory history, including applications filed with other regulators
Identity info and contacts of the company’s representative (where applicable)
Proposed organizational structure and info on the directors and key employees
An outline of the business structure, strategy, local substance, and potential risks
Forming this documentation properly requires a high level of legal know-how. Rengang is ready to assist you with the paperwork and its submission to the regulator and free you of the hassle.

EXPECT YOUR APPLICATION TO BE VERIFIED AND APPROVED
After the submission of the intention and payment of the application fee, the MFSA will need 5 working days to verify the application. If the MFSA establishes that the application has not been submitted in full, the applicant will have 20 working days to identify and bridge the existing gaps.

SECURE A BANK ACCOUNT FOR YOUR MALTESE CASP
Incorporating an LLC in Malta includes a paid-up share capital requirement. Consequently, it is also necessary to secure a bank account to deposit the share capital. We advise you to contact Rengang for prompt and effective assistance in registering with a bank of your choice.