Reason for this visit

After joining the European Union in May 2004 and starting to use the euro on January 1, 2008, Malta's economy has gradually integrated with the euro area economy, eliminating exchange rate risks, reducing transaction costs, and creating a favorable environment for foreign investors. Malta is one of the EU countries least affected by the financial crisis due to its stricter financial regulation, fewer liquidity problems in its financial system, diversified investment tendencies, and its financial institutions’ investment in blue-chip stocks or bonds. Malta implements the free flow of foreign exchange. Foreign exchange can be bought and sold freely, and foreign capital can freely enter and leave Malta. Foreign-funded enterprises can freely open foreign currency accounts in banks and store foreign currency, and can also freely remit profits made in Malta without paying special taxes. In order to help investors have a more comprehensive understanding of foreign exchange dealers in Malta, the field survey team is going to the country for on-site visits.

On-site visit

This time the survey team went to Malta to visit the foreign exchange dealer Tier1FX as planned, and the survey address is NU BIS CENTRE, MOSTA ROAD.

The survey personnel came to the destination of the current survey according to the above address. The building is located in the town of Mosta, Malta, northwest of Valletta. The building is newly completed. The internal environment is very good, with a lot of green plants and a large area for business reception.

The investigators asked the front desk employee if the dealer existed here, who said that the building does have an office for the company Tier1FX. The investigators also found the trader's name on the water sign at the entrance. However, due to the epidemic situation, the survey staff's request for an internal visit was declined by the trader's staff, so they could not enter the company's office for filming.

Conclusion

The investigators went to Malta to visit the trader Tier1FX as planned, and the trader's logo can be found on the publicly displayed business address, indicating that the trader has a real business venue. Unfortunately, the survey personnel were not able to enter the company for internal visit, so the specific scale of its exhibition business is unknown. Investors are requested to make a sensible choice after careful consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.