Malta's financial services industry is comprehensive, covering banking, investment services, capital markets, insurance, pensions, intermediaries, trusts, company service providers, and the burgeoning sector of virtual financial assets.

Entities aiming to provide services within this broad spectrum require specific categories of licenses or recognition, a process meticulously handled by the MFSA. The Authority's robust review process ensures that only entities meeting the stringent criteria are authorised to operate, reinforcing the industry's integrity and competitiveness.

The authorisation journey begins with the Intention Stage, advancing through a structured process that includes the submission of an application package, rigorous business model and strategy analysis, and a comprehensive 'fit and proper' assessment of involved individuals. The process culminates with the granting of the certificate of authorisation at the Authorisation Stage, followed by continuous oversight in the Post-Authorisation Stage.

Financial services providers in Malta enjoy the benefits of reduced compliance costs, simplified transactions, dependable standard execution, and reduced bureaucracy. The Maltese Government's proactive stance in continuously reviewing and updating pertinent regulations and legislation ensures that the sector remains responsive, innovative, and competitive on a global scale.