Poland has become one of the leading European jurisdictions for obtaining an Electronic Money Institution (EMI) licence. Its transparent regulatory framework, growing fintech sector, and access to the European Economic Area through passporting make it an attractive destination for payment institutions.
The article will give the necessary details one needs to know about electronic money institution (EMI) license in Poland
Key information
| Supervisory Body | KNF |
| Legal Framework | Polish Act on Payment Services, PSD2, Electronic Money Directive |
| Authorization Type | EMI (Electronic Money Institution) license in Poland |
| Permitted Offerings | Issuance of electronic money issuance, payment-related offerings, account-related solutions, transaction processing, card-based services |
| Safeguarding of Clients’ Money | Separation of client assets from business funds in accordance with Polish and EU demands |
| AML and Control Demands | Customer due diligence, transaction monitoring, risk oversight, reporting duties, independent review functions |
| Local Presence | Polish registered entity with suitably qualified directors and responsible officers |
| Authorization Procedure | Business assessment, preparation of required materials, review by KNF, granting of authorization |
Poland EMI license preconditions
Companies that want to get an electronic money institution license in the Poland should show that they are ready to run their operations safely and openly. The main focus is on the company’s setup, the trustworthiness of the key persons, and the capability to safeguard the clients’ interests.
Main requirements are:
- local registered office;
- transparent ownership structure;
- business plan explained;
- rules that prevent illegal dealings;
- proper risk management system;
- safe IT environment;
- duly experienced staff;
- arrangements ensuring continuity of services.
The KNF assesses each project individually, taking into account its scope and planned activities.
Advantages of EMI license in Poland
The country has a lot to offer in the fields of technology and digital innovation.
Some of the major benefits are:
- instant credibility among the investors;
- the possibility of expanding services throughout the EEA;
- large and growing community of fintech companies;
- labor market with many tech experts;
- state-of-the-art digital systems;
- political and economic stability.
Procedure for obtaining an EMI license in Poland
The authorization process begins long before contact with the supervisory authority. Careful preparation significantly improves the chances of a positive outcome.
The usual stages include:
- assessment of the proposed business concept;
- establishment of the local entity;
- preparation of the required materials;
- interaction with the KNF during the review stage;
- receipt of authorization and launch of activities.
What is included in our services
Eternity Law International provides comprehensive assistance whether you decide to get or buy EMI license in Poland.
Our support covers:
- preliminary project assessment;
- preparation of all required materials;
- assistance with governance arrangements;
- communication with the KNF;
- support during the review stage, etc.
Besides, we help in getting a crypto license in the Czech Republic or in DMCC (UAE).
Taxation of EMI in Poland
Companies that have chosen the status of Polish electronic money institution (EMI) for their business will be treated under the general local tax system that applies to commercial companies.
Among the main issues are the following ones:
- CIT;
- tax issues arising from international transactions;
- transfer pricing rules;
- statutory reporting obligations;
- double taxation treaties.
Good tax planning carried out early can be helpful in preventing difficulties when electronic money institutions (EMI) in Poland go international.
How much does an EMI license in Poland cost?
Since every business plan is different, no standard budget is suitable for all. The budget depends on what kind of business one intends to carry out and the extent to which one prepares before KNF is involved.
In general, the firm faces these costs:
- setting up expenses;
- professional advice and support;
- draw-up of the necessary materials;
- use of technology;
- hiring of personnel;
- adherence to supervisory demands.
A detailed assessment allows for a more accurate estimate tailored to a particular project.
Our advantages
Strengths of Eternity Law International include:
- extensive sector knowledge;
- practical experience with fintech projects;
- personalized approach;
- end-to-end support;
- understanding of both local and European requirements;
- long-term assistance after authorization.
We focus on delivering solutions that help clients enter the market efficiently while meeting the expectations of supervisory authorities.
FAQ
What are the advantages of the EMI license in Poland?
An e-money license in Poland enables organizations to operate within a well-regarded EU jurisdiction and expand offerings across the EEA through passporting mechanisms. Ireland is known for its developed fintech sector, skilled workforce, modern digital infrastructure, and business-friendly environment.
How to obtain an EMI in Poland?
The course of action typically begins with an assessment of the intended offerings and compilation of the necessary materials. After establishing an entity, the applicant is obligated to prove that it meets the demands set by the regulator, including governance arrangements, AML procedures, risk oversight systems, and technological readiness. Once the review is completed and all demands are satisfied, authorization may be granted.
Why Poland for an EMI license?
Ireland has become one of the preferred destinations for fintech projects seeking entry into the European market. The country combines a reliable supervisory environment, opportunities for cross-border expansion throughout the EEA, and a thriving technology ecosystem. As a result, Ireland is often chosen by both startups and established fintech groups looking for a strong European base.