Operation of local payment-companies is monitored at the legislative level. There are special laws and directives (PIEIA and PSD2) specifying the norms for firms operating in field of payment-services. PSD2 is applied to banking-institutions, construction firms, payment-companies, e-money firms and their customers. PI license in Estonia is released by a special regulator – EFSA. Such authorization enables firms to spread payment-services throughout EU.
To function as payment-institution, a firm needs to obtain PI license in Estonia. To implement this, applications are sent in written-form with all documentation:
Deciding to buy payment institution in Estonia, you’ll obtain licensed structure; thus, you have no need to implement above-mentioned.
Organization holding payment institution license in Estonia can operate in another country by opening branches or offering cross-border services through an agent or distributor. When providing its services in another country, the company must take into account all the rights and rules of this jurisdiction.
To obtain permission to open an office in another country, businesspersons submit applications to regulatory body, attaching next-mentioned:
Everything is served in Estonian. If the documents are in a foreign language, a sworn translation can be made. Plus, businesspersons may buy firms with PI licenses in Estonia.
PI-license in Estonia is canceled in next-mentioned situations:
When getting ready-made PI license in Estonia, you must first draw up business-plan. You must know exactly what you want to do. Specify the advertising plan, target audience, competitors, etc. You can draw up a sketch manually, and our experts help you to paint everything properly and create final version.
In addition, since businesspersons need to give precise guidance about your security system, monetary means flow, etc., it is important to have an expert on these issues on the team. When using intermediary solutions, ask them for all documentation.
Licensing PI in Estonia takes approximately 6 months, as the regulator may set additional questions and require a larger package of papers. If you contact our company for help, we will help you collect all the papers and achieve a positive decision, or assist you to buy PI license in Estonia. Additionally, we have an extensive list of shelf companies and licenses for sale. Contact us right now – our specialists are ready to provide you with comprehensive professional assistance in any matter.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.