08.02.2023
One major concern for Maltese businesses is banking. In today’s world, it is a known fact that due to money laundering banking services have become more and more difficult. This also comes together with a business change where modern banking takes over traditional banking. It has become a fact now that Electronic Money Institutions (EMI) are a good, safe, and professional alternative.
Banking is an essential part of any business, and it is always advisable to hold more than one bank account to spread the risk. Depending on your company activity, one will be able to identify the best EMI to suit the business model. This will depend on the type of business activity, whether it is considered as a high-risk activity, the countries where one is operating and with whom it is trading. Other factors include if one requires multiple currency accounts, give access to multiple users, require SEPA, SWIFT or Non-SEPA transactions, prepaid or debit cards and other features.
As a company operating for many years, we understand your struggles and thanks to our partners we will find the appropriate banking introductions. Fairwinds Management continuously develop close relations with local and international EU and non-EU license banks and EMIs to be able to provide you with the best possible account introductions.
As part of our bank account introduction services, our role is to consult and assist companies in having alternatives and choosing the most appropriate licensed payment or banking solution. Our services include the preparation of documents needed for submissions, filling out application forms, handling any translations and certifications required for such applications, and building a professional company profile for submission. We aim to support our clients by getting to know their business by analysing and understanding the needs of the business and then suggest the best banking solutions.
Our team can assist you in finding the right EMI for your business and guide you through the full application process from handling all necessary paperwork to having your new accounts up and running. For more info a quotation please contact us on info@fairwindsmanagement.net.
Fairwinds Management Limited is a MFSA licensed firm offering Business Solutions in Malta. As part of our services, we offer Accounting, Administration, Corporate and Legal solutions. Fairwinds Management also manages the brand Accounting Services. More information about us and our key services please visit our website. You may reach Fairwinds Management on +356 2704 0903 or info@fairwindsmanagement.net.
Article written by Ms Charlene Sciberras, B.A. (Hons), guest writer, a marketing and business administration specialist with a special focus on corporate, accounting, and legal matters.