Eternity Law International — Payment & E-Money Institutions — EMI License — Electronic money license

Electronic money license

Published:
March 5, 2020

ELECTRONIC MONEY LICENSE. WHAT SHOULD I GET FOR?

A license for electronic money is a comfortable work tool that provides a large number of opportunities, both for business and for improving living conditions. Using this currency makes it possible to take a huge step in the progress of the future.

The positive aspects in electronic money are very obvious. This type of currency will soon be able to completely replace paper money.

The main advantages of the electronic form include:

  • the constant availability of funds of any amount;
  • lack of need to search or exchange money and, as a result, lack of trifles in pockets;
  • this currency is always real, it is impossible to fake;

You can make transactions using electronic money from anywhere in the world.

Today, banks in many countries are switching to non-cash services. In the CIS countries, the use of Internet banking is actively flourishing, as well as payment for goods and services via terminals. Banks in Europe and America are actively promoting the credit card payment initiative.

But not all people relate to such a turn with confidence. The use of money in electronic form is not yet fully thought out by the controlling state structures.

PAYPAL SYSTEM

Most people trust PayPal. In order to maintain a leading position in the market, this company acquires licenses for transactions with cash. Such licenses are purchased separately in each country, and in the United States, purchases are made in each state.

Therefore, PayPal is a synonym for reliability and quality.

Other payment transaction systems either do not have any licenses at all, or they are issued in offshore zones.

Such payment services do not pass documentation control, personnel are not licensed, and most often the sphere of working with clients is not fully developed.

Our company provides assistance in acquiring licenses for working with electronic money. And qualified specialists will provide the necessary and high-quality consultation on all issues. Earn customer confidence by providing reliable services.

We acquire financial licenses for all EU countries. With them, it becomes possible to carry out work in the international market in the field of payment services. Our company offers assistance in obtaining:

  • electronic currency permits (EMI);
  • permission to provide services for payments РСР (Payment Service Provider).

INDICATORS REQUIRED FOR LICENSING:

Certain conditions for the state. A firm that claims to be licensed must have at least three directors on staff. They must have the appropriate level of qualification and experience in the financial sector or in the field of electronic currencies.

The company must have an office with the necessary staff to ensure and maintain records of quality activities.

Mandatory initial capital in the amount of 50 – 100 thousand euros for companies with a small cash flow. For companies planning full-fledged work, this amount is 400 thousand euros.

State duty for filing an application for a license is also mandatory.

The main and undoubted advantage in acquiring a license to work with electronic money is that, having received permission in one country and after the passportization procedure, the company can provide its services throughout the European Union.

The very procedure for applying for EMI includes two stages: providing a business plan with all financial indicators and checking the owners and future management of the company.

Specialists of Eternity Law International are professional services in full legal support, selection of documents and we will consult on this issue.

You could be interested

Investment Dealer Licensed company in Mauritius with accounts at 3 banks – for sale

New investment opportunity – investment dealer license in Mauritius for sale. Please review the general information regarding the proposal below. Available to buy – investment dealer licensed company in Mauritius What’s included: The company was licensed in 2022. Bank accounts: MauBank, Atlas Bank, SimplePay. The asking price includes a well-designed website and MetaTrader5 software. Share...

St. Lucia company with brokerage license for sale

Embark on a strategic investment journey with this exclusive offering – a St. Lucia company with a brokerage license is now available for acquisition. Key Features: Year of Registration: Established in 2024, this company presents a fresh opportunity in the financial sector. Legal Opinion: Possesses a legal opinion authorizing the provision of brokerage services, ensuring...

IFPRU 50k (exempt CAD) investment company for sale in the UK

Price: Asking price: £380,000 Registration of changes & submission of the new owner for FCA approval: £10,000 Details: May receive & transmit orders and/or give investment advice. Unable to carry on any investment services and activities (to which MiFID applies) on a regular basis except reception and transmission of orders in relation to one or...

Company with cryptocurrency license in Estonia for sale registered in 2020

Here is Company with crypto license in Estonia for sale presented. Overview of Crypto Exchange in Estonia for sale Company was registered in 2020. License was obtained in 2021. Share capital is in amount of 12 000 eur. Activities allowed under license permissions: Providing services of exchanging a virtual currency against a fiat currency; Providing a...

COMPANY WITH FOREX FSP LICENSE IN NEW ZEALAND

There is a unique opportunity to purchase a ready-made company with a Forex FSP license in New Zealand. The company is clean, the owner has not changed since the company was founded. The company is registered to provide the following services: financial advice; broker services; storage, investment and management of cash, securities and investment portfolios...

Regulated fund in Cyprus for sale

This is a new investment opportunity – regulated fund in Cyprus for sale. Please check out the main details regarding this proposal  below. Regulated fund in Cyprus: key considerations RAIF structure, formed approximately 2 years ago; Bank account is opened; The invested capital currently is EUR 600’000 which will remain with the fund; AIFM will...

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