Last Updated on June 19, 2019

Following the amendments to the Exchange Control Act, Cap. 233 of the Laws of Malta, which has been re-named ‘External Transactions Act’, the exemption from exchange control regulations which was previously given to international trading companies upon application to the Malta Financial Services Authority (MFSA) as agent of the Central Bank of Malta, is now automatically given by law to international trading/holding companies which are wholly nonresident owned. These changes came into effect on 1st January 2004 by means of Legal Notice 427 of 2003.

This measure in practice means that a company which restricts its activities to “activities with persons outside Malta who are not resident in Malta”, has the objects clause in its Memorandum of Association so restricted and whose shares are wholly non-resident owned, is exempt by law from exchange control restrictions and no exemption letter need be issued by MFSA.

Leave a Reply

Join our mailing list to receive our newsletter, latest news and updates.

You have successfully subscribed to our newsletter.

There was an error while trying to send your request. Please try again.

Malta Business Registry will use the information you provide on this form to be in touch with you and to provide news and updates.
%d bloggers like this: