This website does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by MergersUS Inc. or any other third party regardless of whether such security, product or service is referenced in this website. Furthermore, nothing in this website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction.MergersCorp M&A International franchising program is not offered to individuals or entities located in the United States.
The franchising program is offered by MergersUK Limited a UK Company with registered office at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
The Banking Act was introduced 1994 as a means of regulating all areas related to the banking industry and was intended to ensure the implementation of European Union Directives regulating the industry into Maltese law.
Process
Before a licence is granted by the Malta Financial Services Authority (MFSA), the authority must ensure that the application conforms with the aforementioned Banking Rule, which holds that the application form must be accompanied with:
A copy of the MOU;
Audited financial statements for the last 3 years (if applicable);
A business plan stating the structure, organisation and management;
The identity of all directors, controllers and managers;
The identity of all shareholders;
The identity of the individuals who will be directing the business of the prospective bank
Requirements
An initial capital of not less than €5,000,000;
At least 2 individuals who direct the business of the company;
Giving notification to the Competent Authority regarding the identity of the 20 largest shareholders/members which have holdings;
Confirmation that no links with the company will hinder MFSA’s supervision over the company.
The Banking Act was introduced 1994 as a means of regulating all areas related to the banking industry and was intended to ensure the implementation of European Union Directives regulating the industry into Maltese law.
Process
Before a licence is granted by the Malta Financial Services Authority (MFSA), the authority must ensure that the application conforms with the aforementioned Banking Rule, which holds that the application form must be accompanied with:
A copy of the MOU;
Audited financial statements for the last 3 years (if applicable);
A business plan stating the structure, organisation and management;
The identity of all directors, controllers and managers;
The identity of all shareholders;
The identity of the individuals who will be directing the business of the prospective bank
Requirements
An initial capital of not less than €5,000,000;
At least 2 individuals who direct the business of the company;
Giving notification to the Competent Authority regarding the identity of the 20 largest shareholders/members which have holdings;
Confirmation that no links with the company will hinder MFSA’s supervision over the company.
Description
The Banking Act was introduced 1994 as a means of regulating all areas related to the banking industry and was intended to ensure the implementation of European Union Directives regulating the industry into Maltese law.
Process
Before a licence is granted by the Malta Financial Services Authority (MFSA), the authority must ensure that the application conforms with the aforementioned Banking Rule, which holds that the application form must be accompanied with:
Requirements
Delivery Time
Basic Details
Target Price:
€5,500,000
Business ID:
L#20230450
Country
Malta
City:
Valletta
Detail
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