Hi, first of all happy new year to all of WHT members,
2nd i live in malta and i need to start accepting cc payments for my webhosting company, currently i accept moneybookers and egold but obviusly isn't enough, i need to know if any of you knows a good company and is not expensive to accept payments via mastercard and visa with fraud protection and stuff is the most improtant.
To the issue: I doubt Malta is large enough to support the business client-wise. For CC processing you may need to get creative if local banks refuse to give you access/processing power. As part of the EU you may be able to incorporate a company in another country (esp. UK), pay UK and Malta taxes - but you can run the company from Malta. CC processing could be done from the country of registration, but it may require a trip to that country.
(I mention UK because they have pretty lax requirements for ltds; Italy may be a lot closer though.)