No. However, the banking supervisory authorities impose high compliance requirements on domestic banks. Opening a corporate account often takes between two and six months. It may make sense to initially choose an online bank. Alternatively, banks outside Malta such as Revolut or Wise offer business accounts. Entrepreneurs who had a private account with a Maltese bank for a long time and later extended it to a business account had good experiences. It is helpful to have a company website and a LinkedIn profile.