Maltese Banking Licence for Sale in Valletta, Malta

This listing presents an opportunity to acquire a Maltese Banking Licence, located in Valletta, Malta. The licence is for Commercial Banks and Savings Banks, operating under the framework of the Banking Act of 1994, which aligns with European Union Directives. The process involves application to the Malta Financial Services Authority (MFSA), requiring a business plan, details of directors and shareholders, and confirmation of no hindrances to supervision. Key requirements include an initial capital of not less than €5,000,000 and at least two individuals directing the business. The estimated delivery time for the licence is 10-12 months. Financials such as Cash Flow and Sales are not disclosed. The asking price is $6,447,023 (€5,500,000 EUR).