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+1 (888) 647 05 40Luxembourg, a small European country renowned for its financial strength and stable economy, offers a favorable environment for businesses, including fintech companies. One of the key aspects that makes Luxembourg an attractive destination is the availability of electronic money institution licenses and payment institution licenses. In this article, we will look at the requirements, benefits, procedures, taxation, costs and services provided for obtaining SPI licenses in Luxembourg.
Our company offers highly qualified assistance in establishing, launching and licensing businesses. We know everything about SPI licenses and are ready to provide you with comprehensive advice. Our company also possesses such a variant as SPI license in Luxembourg for sale.
Before you can start setting up a company in Luxembourg, you must meet certain requirements. Regulatory authorities in Luxembourg, under the supervision of the Commission de Surveillance de Sector Financier (CSSF), impose special conditions for applicants for an SPI license. These typically include financial strength, sound internal governance mechanisms and qualified management personnel.
Luxembourg offers many benefits to SPI license holders, making it an attractive location for fintech companies. Let’s look at some of the key benefits of the option to obtain SPI license in Luxembourg.
Thus, the option of ready-made Luxembourg SPI license company is a fairly profitable option for entrepreneurs who want to launch their business as soon as possible. Our experts will also tell you about the TOP-5 best jurisdictions for getting SPI-license.
The process of obtaining a payment services license in this country usually consists of several key steps:
You can also resort to the option of a Luxembourg SPI license company for sale. We will help you purchase it.
Tax legislation is also important for companies providing payment services in Luxembourg:
the country offers competitive tax legislation for such companies, including a corporate income tax rate of 24.94%;
In addition, Luxembourg has numerous bilateral tax treaties with other countries to prevent double taxation of income and provide tax breaks or credits on international transactions, payments and sales.
The cost of an SPI-license may vary depending on various factors, including the complexity of your business plan and the need for advice. For an accurate cost estimate, it is recommended to contact specialists who can take into account your individual needs.
With the tightening of requirements from foreign banks, payment systems are becoming increasingly in demand. In some countries, foreigners are given the opportunity to create their own payment system with reasonable investments. It can be used both to attract external clients and for internal operations. It is only important to comply with the requirements of the regulator in order to get small payment institution license in Luxembourg.
The permit gives the right to provide the following services:
Typically, it is not necessary to open many branches, as is the case with banks, since user identification can be done remotely. However, you will have to invest heavily in software to protect client funds.
Our company offers to obtain a license in full compliance with the law and without additional delays. Our specialists are ready to help you with any questions and provide legal support to your company at all stages, including collecting documents and obtaining a license.
The cost of an SPI license consists of state fees and other expenses, which our lawyer will tell you about. We offer a simplified system for obtaining a license in the shortest possible time, which will help you develop faster in your chosen industry. Requests for service are accepted by telephone and by e-mail to the company. Our services include:
Obtaining such permits opens up opportunities for your company to successfully develop within the EU and on the global market. You can resort to the option of sale of small payment institution license in Luxembourg. With our support, you can overcome regulatory hurdles and establish yourself as a successful participant in this thriving financial center. Contact us today to start your journey to financial success in Luxembourg.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.