Eternity Law International — News — SPI license in Portugal

SPI license in Portugal

Published:
March 6, 2024

Last decade saw a constant increase in interest in Portugal, particularly, in tourism and entrepreneurship, including business-activities in financial niche. This country grants lucrative environmental basis for launching new firms with getting mandatory certificates and permits. Nevertheless, it requires fulfillment of certain and clearly-established conditions by governmental agencies. This sector is controlled by Portuguese Bank CMVM .

Our team consists of highly-qualified professionals being ready to give you assistance in launching and licensing firms. We’ll advise you on any issues related to getting SPI-licenses. Additionally, we possess SPI license in Portugal for sale.

What entrepreneurs need to get SPI license in Portugal

To start SPI-business entrepreneurs need:

  • collect mandatory statutory and other documentation, such as copies of passports, sample signatures, completed forms for firm establishment;
  • confirm presence of officially-registered office-premises locally;
  • appoint accountant;
  • create banking account locally;
  • pay applicable fees.

Cost of getting an SPI-license depends on several nuances. Key spectrum of services includes preparation of statutory documentation, design of business-plan and legal support. Nevertheless, each client is provided with individually-developed approach and personalized price offer based on their needs. Cost is discussed during free consultancy.

We’ll tell you about TOP-5 best jurisdictions for getting SPI-license. Our team possesses advantageous variant of Portugal SPI license company for sale.

Normative points for Portugal small payment institution license

To obtain SPI license in Portugal, firms need to meet a number of parameters.

  1. Having officially-registered physical office-premises locally.
  2. Competent management by experts with expertise in supervision and financial niche.
  3. Correspondence with technical, personnel and organizational prerequisites.

Personal consultancy is provided for detailed list of parameters . Interested entrepreneurs may resort to variant of company with SPI license for sale in Portugal.

What documentation is needed to get small payment institution license in Portugal

Entrepreneurs need to send next-mentioned documentation and data.

  1. Business and financial plans.
  2. Documentation for participants of enterprise.
  3. Description of soft.
  4. Developed internally-used procedures, such as AML/Compliance and others.

For more detailed information and complete list of documentation, it’s proposed to conduct personal consultancy. Lawyers of our firm possess enormous knowledge in field of license-getting and tell you whole procedure step by step.

We give fully-covering services, from firm launching to realization of option to obtain a small payment institution license in Portugal. Our professionals possess extensive expertise in this field and are ready to help you select most suitable variant. For additional information and consultancy, turn to us using contact details provided. Establishing a business-structure in financial niche will become easier and more efficient with us. We possess ready-made Portugal SPI license company.

Key AML-requirements for SPI-companies

  1. Monitoring risks of illegal monetary means circulation associated with new technologies.
  2. Maintain due diligence in business-activities and relationships with clients.
  3. Designing and implementing policies, procedures and controlling mechanisms to manage illegal monetary means circulation risks.
  4. Identification of clients and business-owners through KYC-procedure.
  5. Collection and storage of data about business-relationships with clients.
  6. Analysis and verification of transactions based on risk-assessment.
  7. Timely notification and cooperation with competent authorities about suspicious transactions.
  8. To identify suspicious transactions, it’s recommended to implement standard set of indicators, including red flags: size, frequency and nature of transactions, anonymity, customer profiles and violations, origin of assets, and geographic risks.

High AML-risks are associated with certain categories of persons: persons and firms offshore, politically-exposed ones, persons and organizations on sanctions, and firms designated in regulative orders.

Privileges of doing SPI-business in Portugal

  1. Stable socio-political situation.
  2. Possibility of getting tax-preferences.
  3. Flourishing environment for business-development.
  4. Highly-sel level of economical progress.
  5. Easy-going and fast firm establishment procedure taking only 1 hour.
  6. No double-taxation with EU-countries.
  7. Available labor resources.
  8. Guaranteed investments protection.
  9. Support and encouragement of investors from governmental apparatus.
  10. Ease of business-management.
  11. Low transactions costs.
  12. Transparency and honesty in business-practices.
  13. Possibility of using free economical zones in Madeira and Azores.
  14. Possibility to strengthen positions in European and worldly market-spaces.
  15. Guaranteed temporary residence for investors.

Thus, such permit will be excellent chance  to quickly and efficiently launch a business-project.

Sale of small payment institution license in Portugal

To attract foreign investments, Portuguese governmental apparatus made essential modifications to process of acquiring existing businesses. According to statistics, firms specializing in tourism and restaurant-business, and financially-operating firms, are especially appealing to investors.

Since 2013, Portugal has had investment programs providing possibilities to get a Golden Residence Permit. Under these programs, foreign investors may get residential permits within 2-month-period.

To create a firm, foreign entrepreneurs need to possess taxpayer number. Nevertheless, to get it from tax-authorities, you need to be a resident or citizen of any EU-country. If you don’t meet these criteria, you may contact a guarantor or consider getting EU-citizenship.

Our team

We give fully-covering services, from creating and launching a firm to getting mandatory permits. Our professionals are pleased to help you select perfect options. If you have any questions, don’t hesitate to turn to us via numbers provided.

Our experts give you detailed answers and professional advice to simplify process of opening SPI-business in Portugal. We possess plenty of options for SPI-licenses in Czech Republic, Denmark, Latvia and others.

Businesses for sale

SPI license in UK

Europe, UK EMI License
For those looking to take their business international, the UK represents a very attractive prospect. However, to operate in the financial sector in this jurisdiction, it is necessary to obtain a payment institution license, which can be a non-trivial task. Our company specializes in providing services for the establishment and licensing of commercial structures. We...

Ready-made SPI license in Czech Republic for sale

Europe, Czech Republic Payment & E-Money Institutions
This is a new investment opportunity – SPI license in Czech Republic for sale. Please check out the main details regarding this proposal below. SPI license in Czech Republic: key considerations Operational payment business with crypto authorization; Incorporated and licensed in 2015; Activities (money remittance, crypto exchange, custodial services); Several accounts in banks and payment...

Polish ready-made SPI license for sale

Europe, Poland Payment & E-Money Institutions
New investment opportunity – Polish SPI (in Polish Mała instytucja płatnicza) license for sale. Please check out the main details of this proposal below. Small payment institution (SPI) for sale in Poland: details of the transaction Year of registration: August 2023. SPI license scope: Depositing and withdrawing cash to/from the payment account; Executing a direct...

You could be interested

How to establish a Belgium company in 2024

A significant part of the EU is Belgium, which has been independent since 1830. The country offers the cultural upfilment and contemporary practices of upgrading the business. For these reasons the Northwest European state is an appealing destination for foreign firms. This article will help you to comprehend the procedure of setting up the firm...

Obtain Your CySEC STP License Cyprus

As an EU-member, Cyprus is covered by European standards and financial regulative provisions in line with MiFID Harmonization Directive. Therefore, getting an STP brokerage license becomes appealing variant to ensure the safeness and trustworthiness of your business-project. Licensing of locally-registered brokerage firms is implemented by the Cyprus Commission (CySEC); it controls and monitors investment-related firms,...

Double citizenship

Every year you can hear more and more how stable the economic and political situation in the EU countries is, that the standard of living there is much higher. This is the main reason why migrants are striving to Western countries (and not only for work, but also for permanent residence). European citizenship offers great...

MSB License in the USA

Introduction Within the intricate framework of the financial services sector in the United States, Money Services Businesses (MSBs) occupy a central role, facilitating a broad spectrum of financial transactions. These enterprises provide a diverse range of services, encompassing currency exchange, money transfer, and payment processing. To operate in compliance with U.S. laws, MSBs must obtain...

Bank account for forex company

How to open a bank account for forex company is an urgent issue for many. Today, a huge number of countries are adopting legislation that is aimed at combating money laundering transactions. Such measures have a great impact on the complexity of the procedures for opening accounts in foreign financial institutions. For this reason, it...

Asset management license in UK

Such licensing type is available to citizens of all countries of the world. Approval of the right to work with finances in the British jurisdiction is carried out by the FCA. This independent public body has significant authority among local and foreign residents. The UK is one of the most prestigious global jurisdictions, which results...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360