API license in Latvia

If you are interested in the opportunity to transfer money, process payments, create and provide financial connections between merchants, initiate payments or open accounts, we are ready to provide you with information on how to quickly obtain an API license in Latvia. Our company also has the option of API license in Latvia for sale, which will be a quick and effective option for starting a business.

Our team is first-class professionals who have been working in the field of establishment and official licensing of commercial structures for many years. Our goal is to help clients obtain API-licenses with full advisory and practical support.

Obtain API license in Latvia: basic regulatory aspects

The first step is to apply for this permit at the Bank of Latvia. An API license allows companies engaged in specified activities to provide certain services.

1. Carrying out all operations with payment accounts (deposits, withdrawals, transfers, payments).
2. Conducting transactions using a card or similar device.
3. Transfer of funds from one account to another account of another payment system.
4. Operations with a credit account.
5. Providing information about the account status.

Interested entrepreneurs can also turn their attention to the option of Latvia API license company for sale. This is a fully ready-to-use structure that provides quick access to the local market space.

Advantages of the option to get authorised payment institution license in Latvia

This jurisdiction opens up many interesting opportunities for entrepreneurs:

• a program for new companies wishing to create their own financial project in Latvia;
• possibility of access to the European market;
• highly developed economic environment;
• simplified customer verification procedure with minimal financial penalties for startups;
• licenses issued in Latvia are automatically recognized in member countries of the European Economic Area (EEA), which allows free provision of services in these countries without the need to obtain additional licenses;
• access to SEPA and CENTROlink payment systems developed and managed by the Bank of Latvia.

Our company is ready to provide you with full support in purchasing ready-made Latvia API license company. In addition, we have another interesting API license option in the UK with several corridors for African countries.

Main characteristics of Latvia authorised payment institution license

It gives access to the following characteristics of this permit.

1. The right to issue payment accounts with IBAN codes throughout Europe.
2. Possibility of obtaining a Payment Institution license in Latvia within 3 months.
3. Possibility of remote opening of accounts for individuals and legal entities.
4. Possibility of issuing Visa or Mastercard payment cards for individuals and legal entities.

To obtain authorised payment institution license in Latvia, the following documentation is required.

1. Complete information about the company.
2. Company operating data.
3. Business plan and prospects.
4. Confirmation of availability of initial capital.
5. Security measures for client funds.
6. System for monitoring and responding to customer complaints.
7. Customer Data Privacy Policy.
8. Measures to ensure the continuous operation of the company.
9. Methods for collecting transaction, performance and fraud data.

The field of payment transactions requires a certain level of experience, competence and attention from all its participants. The financial regulator takes into account various aspects when considering licensing applications. For example, the shareholders and managers of the company must be of good reputation, as well as have relevant experience and knowledge.

Our experts are ready to provide you with full professional advice on any issues and help you obtain a license for this permit, as well as implement the option of a company with API license for sale in Latvia. We optimize the application process, as our specialists are well acquainted with all the requirements and regulations, and make all the necessary decisions before submitting documents. In addition, we have an extensive list of ready-made businesses and licenses for sale. Contact us today using any method convenient for you.

Requirements for companies obtaining API licenses in Latvia

1. The company must be registered in the country and have an authorized capital of at least 120,000 euros.
2. According to the EU Directive of 2015, it is necessary to ensure that the company has a physical office and registered address, as well as local management with relevant experience in the field of electronic money and related services.
3. It is recommended to register a company with FKTK, resolve financial and software issues, and then submit documents for licensing. For companies that are already familiar with the Commission, the procedure for obtaining a financial license in Latvia is usually simpler.

The commission also has the right to request additional documents. Review of applications for API licenses in Latvia takes about one month, and preparation of the license package requires at least one and a half months. You can speed up this process by cooperating with our company.

Our services

We offer a wide range of services related to obtaining a payment license in Latvia or other countries, providing a fast and efficient solution without unnecessary bureaucracy. Our company specialists are ready to provide advice and take on all stages of the process, including:

• registering a company and obtaining the necessary permits from FKTK;
• preparation and submission of all necessary documents to obtain a payment license, including payment of relevant fees and receipt of a certificate;
• opening a bank account and choosing the optimal company form and tax model;
• developing a strategy and action plan for subsequent successful activities;
• providing legal support and advice on all aspects of legislation and requirements.

We strive for maximum convenience and simplicity of the process for our clients. The company guarantees that you will be able to start your activity, following all normative rules of Latvian and international legislation in the field of issuing electronic money and related services. We’ll provide you with comfort and assistance at all stages of licensing.

1. Expert support: our team of specialists has deep knowledge of the process of obtaining a payment license and is ready to provide professional support at every stage.
2. Ready API-license in Lithuania, Germany, France and other countries.
3. Efficient procedure: we will simplify and speed up the process of obtaining a license, reducing the time and resources required to successfully complete the procedure.
4. An integrated approach: we provide all the necessary services, from company registration to opening a bank account and choosing the optimal tax model.
5. Individual approach: we tailor our services to the specific needs of the client, taking into account their business model, strategy and goals.
6. Legal security: our company ensures compliance with all legal requirements and regulations, minimizing risks for the client and providing legal protection for their business.
7. Professional advice: We provide advice on all aspects of obtaining and operating a business license, helping clients make informed decisions.

How much does it cost to get API license in Latvia?

The cost of obtaining this permit is a variable parameter, as it depends on many third-party factors. Our managers will calculate the approximate cost for you with maximum optimization of your budget.

What does an investor get with the option of sale of authorised payment institution license in Latvia?

This is a structure completely ready for further work, having the appropriate resolution and a full set of structural characteristics. We will provide you with a reliable partnership. Our company is a proven expert in the field of financial services, guaranteeing a high level of service and professionalism.