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Top 6 Best Jurisdictions for EMI license

Published:
June 3, 2023

EMI licensing permit gives its holders official rights to conduct issuing of e-money. This permission provides opportunities to issue their own quasi-currency. An electronic currency provided in this way may be used outside place on which payment system operates. Such funds can also be withdrawn and changed into other currencies. In addition, it is also possible to use a quasi-currency for the purpose of servicing payments made by third parties. Below we will look at the TOP 6 best jurisdictions for EMI license – those that offer the best and most favorable conditions.

Ireland

Ireland’s unique ecosystem has led to the development of a world-class fintech sector that continues to grow every year. Ireland is a great place for research, development and innovation as the country provides financial support including tax incentives and comprehensive government assistance.

E-money issuers and payment companies in Ireland are subject to a low corporate income tax rate of 12.5%, comprehensive double tax treaties and numerous research and development tax incentives. In addition, Ireland is attractive for this type of commercial projects and business activities in general due to the following advantages.

  1. High stability of the economic and political atmosphere and the general situation in the republic.
  2. Possibility for non-residential people to establish a firm in the jurisdiction remotely.
  3. Access to a wide range of forms of ownership that can be used to open companies, in particular, branches of foreign companies.

Czech Republic

The Czech Republic is a fairly progressive European jurisdiction that strongly supports the promotion of the latest technologies in the financial sector. To obtain an EMI-license, Czech Republic is beneficial and attractive in terms of following peculiarities.

  1. Favorable conditions for the development of a commercial project and loyal regulations regarding the establishment of companies.
  2. Convenient and excellent strategic location in the heart of Europe.
  3. A high level of stability in the political and economic systems, in particular, the security and confidence of investors.
  4. Lack of bribery and corruption, as well as strict systems to prevent such phenomena, which is the key to additional security and trust with entrepreneurs.
  5. Loyal taxation system, formed from the position of maximum benefit for investors.
  6. Transparent, clear and simple laws that control the activities of firms.
  7. Well-developed and reliable banking infrastructure.
  8. Establishing and conducting business activities in the Czech Republic is an advantageous basis for obtaining a residence permit.

Lithuania

Lithuania is considered the most famous European Fintech and crypto hub. In this jurisdiction, these industries are actively developing. Accordingly, the choice of Lithuania for EMI business is quite profitable and expedient. The benefits of this jurisdiction also include the following.

  1. The number of EMI projects is increasing at a rapid pace, so it is easier to find a client or investor here.
  2. The state apparatus and the regulator have built a stable market economy, the conditions of which give great chances for the development of a competitive business for any startup.
  3. Favorable investment climate – simplified procedures for registering a company, opening bank accounts and obtaining a subsequent residence permit, which becomes available after doing business in the jurisdiction.
  4. The lowest income tax rate in the entire European area.
  5. Paid VAT can be refunded.
  6. Tax audits in the jurisdiction are extremely rare.
  7. Loyalty of the banking system.

Malta

Malta does not have offshore status in the classical sense of this concept, however, it can offer quite favorable tax privileges. Other benefits that make Malta particularly advantageous include some of the following.

  1. A country with a stable economy, demonstrating the fastest growth rates within the entire European space.
  2. Possibility to pay general income tax at the rate of 5%.
  3. Many government programs to support various types of private entrepreneurship.
  4. Low VAT rate of 18%. In Europe, the tax is below this indicator only in Luxembourg.

UK

The United Kingdom is known for its reliability and profitability around the world. Entrepreneurs prefer this space due to unsurpassed reputation and desire to support innovative businesses, in particular, EMI projects.

  1. Political stability and the strength of the British economy make it possible to confidently look into the future and develop your business project.
  2. Favorable location at the crossroads of trade routes, and therefore the opportunity to gain access to huge markets and the global financial center.
  3. Reliable banking structures, thanks to which you can maximize the optimization of foreign exchange settlements and gain access to inexpensive credit products.
  4. Loyal and competently adjusted tax legislation and the elimination of double taxation.
  5. Stable government support for business development.
  6. The absence of endless checks, fines and strict regulations, in particular in relation to the citizenship and location of directors.
  7. Impeccable business reputation on a global level.

Spain

Spain is open to such projects in every possible way and provides comprehensive support to this sector. This is due to the fact that the jurisdiction is quite progressive and strives to follow the latest technologies and developments as much as possible.

  1. A highly developed European country with the most serious and strict laws aimed at encouraging and protecting entrepreneurship.
  2. A simple and understandable procedure for establishing a company.
  3. Possibility to apply and become a candidate for residence, provided that you own an operating company that regularly pays taxes.

Our company is ready to provide you with professional assistance in getting an EMI-license in any country you choose. We are specialists with vast experience and knowledge, which allows us to achieve the best results for our clients. We also have an extensive list of ready-made licenses for sale. Contact us right now – our managers are always at your service.

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