Luxembourg, a small European country known for its financial prowess and stable economy, offers a conducive environment for businesses, including those in the fintech sector. One of the key elements that make Luxembourg an attractive destination is the availability of EMI (Electronic Money Institution) and PI (Payment Institution) licenses. In this article, we will delve into the requirements, advantages, procedures, taxation, costs, and the services offered for obtaining EMI licenses in Luxembourg.
Before embarking on the journey to establish an Electronic Money Institution in Luxembourg, it is crucial to understand the necessary requirements. The regulatory authorities in Luxembourg, under the supervision of the Commission de Surveillance du Secteur Financier (CSSF), have established specific conditions for EMI license applicants. These typically include stringent financial stability, robust internal controls and competent management teams
Luxembourg offers a host of advantages to EMI and payment license holders, making it an attractive destination for fintech businesses. Some of the key advantages of obtaining an EMI license in Luxembourg include:
The process of obtaining an E-Money license in Luxembourg typically involves several key steps:
Navigating the complexities of obtaining an E-Money license in Luxembourg can be challenging. Our services encompass:
Understanding the tax implications of EMI companies in Luxembourg is essential for sound financial planning. Luxembourg offers a competitive tax law regime for EMI companies, including a corporate income tax rate of 24.94%. Additionally, Luxembourg has double taxation treaties with numerous countries to prevent double taxation on income and provide tax relief or credits in cross-border transactions, payments and sales.
The price of obtaining an EMI license in Luxembourg can vary depending on factors such as the complexity of your business model and the extent of assistance required. It is advisable to consult with experts who can provide a tailored price estimate based on your specific needs.
Choosing the right partner for your electronic money license journey is crucial. We offer several advantages to ensure a seamless and successful application process with fair price:
Obtaining an Electronic Money license in Luxembourg positions your business for growth and success within the EU and on a global scale. With the right guidance and support, you can navigate the regulatory landscape and establish a successful presence in this thriving financial hub. Contact us today to embark on your journey towards financial innovation and success in Luxembourg without issues.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.