Why consider Malta?
Malta provides a MiCA supervisory route through the MFSA. A useful comparison looks at the services you need, the people responsible for them and the ongoing operating commitments.
Crypto services
Distinguish CASP services from token issuance. The MFSA supervises entities under the Markets in Crypto-Assets Act; the permissions must match the activities being offered.
PSP, fiat and payment services
Assess fiat payment functions separately from crypto services. Holding a crypto permission does not by itself allow every account, card or payment service.
Company formation and operations
Budget for the entity and the real operating arrangements. An acquisition also requires review of liabilities, governance and any regulatory consent.
Tax, incentives and the full cost
Have a qualified adviser compare company and shareholder treatment, distribution timing, any applicable relief and its eligibility conditions. A headline refund claim is not a complete tax calculation.
Compare three figures: setup cost, the cost to operate for a year, and the tax outcome for both company and owner. Any incentive should state its eligibility conditions and be confirmed for your facts before it is included in a proposal.
Banking and provider fit
Check the proposed account and settlement model, who holds client money and whether the banking partner accepts the customer sectors.