Opening securities account for Maltese Limited

[Trashbin]

Dear community,

I browsed through the fora for some time but couldn't find info about the subject, so I'd like to ask the following. If it has already been asked: Apologies. References to existing answers are very welcome.

I own a limited based in Malta. Myself, I live in Switzerland.

I would like to use some of the company's funds to invest in selected government bonds (reasonable interest, good rating). The funds shall remain in the ownership of the company.
However, I find it difficult to find an online broker to open an account for my Maltese company. Most of them don't accept corporate accounts at all. And the rest: Either they simply refuse Malta as a location for a client (e.g EToro), or they have a limited, fixed set of bonds to invest (however, I want to pick my own).

Is there something like a list or an overview of online brokers, if they accept corporate clients, which countries they accept and which instruments they offer for investment?

I started gathering a little bit of an overview. If this list doesn't exist yet, I will set it up to share and extend it together with this community (if that is of interest for you?).

Thank you in advance for any feedback and kind regards

trashbin

 

[CyprusLawyer101]

Find a bank where you can open a privaTe banking facility. Also, do you have prior experience in investing? To be able to choose your own investments, the banks must be satisfied of you being qualified to choose.

Last edited: Mar 2, 2023

 

[Trashbin]

CyprusLawyer101 said:
Find a bank where you can open a privaTe banking facility. Also, do you have prior experience in investing? To be able to choose your own investments, the banks must be satisfied of you being qualified to choose.
Click to expand...

Thank you for the quick reply!

Is it actually necessary to create a private banking facility to buy and hold assets only for myself / my company (no clients involved)?

Thanks for clarification / confirmation.

I worked in consulting the banking sector for a while, a few years of investment experience are given.

 

[CyprusLawyer101]

Trashbin said:
Thank you for the quick reply!

Is it actually necessary to create a private banking facility to buy and hold assets only for myself / my company (no clients involved)?

Thanks for clarification / confirmation.

I worked in consulting the banking sector for a while, a few years of investment experience are given.
Click to expand...

Yes if you wish to work with a bank it is necessary even if you do not manage clients funds. It is the only way actually.
What amounts are we talking about for investment?

 

[Martin Everson]

Trashbin said:
And the rest: Either they simply refuse Malta as a location for a client (e.g EToro), or they have a limited, fixed set of bonds to invest (however, I want to pick my own).

Is there something like a list or an overview of online brokers, if they accept corporate clients, which countries they accept and which instruments they offer for investment?
Click to expand...

You tried Saxobank? They should open for Malta company and they have an ok selection of bonds. They can add more bonds if you request also.


Try the Saxo instant demo to see if you find the bonds you are after.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Trashbin]

CyprusLawyer101 said:
Yes if you wish to work with a bank it is necessary even if you do not manage clients funds. It is the only way actually.
What amounts are we talking about for investment?
Click to expand...

Thanks for the clarification.
Until mid of year I plan to deposit 200K€ in low risk government bonds.

Martin Everson said:
You tried Saxobank? They should open for Malta company and they have an ok selection of bonds. They can add more bonds if you request also.


Try the Saxo instant demo to see if you find the bonds you are after.
Click to expand...

Thank you for this reference. I checked their homepage: the amount and kind of bonds offered is huge - and it fits my needs.
Minimum deposit is 10k€ which is fine for me.
Since one can not open a corporate account online directly, I contacted them via e-mail as they suggest.

Last edited: Mar 4, 2023

 

[TheCryptoAnt]

IBKR will open for a Malta corp np

 

[Trashbin]

TheCryptoAnt said:
IBKR will open for a Malta corp np
Click to expand...

I checked Interactive Brokers recently but was concerned because of the huge amount of negative experiences documented on TrustPilot.
Are they ok to deal with?

 

[Martin Everson]

Trashbin said:
Thank you for this reference. I checked their homepage: the amount and kind of bonds offered is huge - and it fits my needs.
Minimum deposit is 10k€ which is fine for me.
Click to expand...

You can also try with Medirect Bank in Malta. Their bond selection is not good as they need to add manually what they don't have. It's also 50/50 whether they will open a corporate account for a Malta company with a non-resident behind it. But worth a try as its always good to have another brokerage option as a fall back.

https://www.medirect.com.mt/business/

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[TheCryptoAnt]

Trashbin said:
Are they ok to deal with?
Click to expand...

yeah no issues here after 5+ years with them.

They are arguably the biggest platform in terms of active users so Id expect a bunch of negative reviews to be around as the world is full of idiots.

If you want the account to invest in gov bonds and some other simple things dw they are great.

 

[JimBeam]

InteractiveBrokers is one of the best brokers out there.
Disregard TrustPilot reviews.