The Baltic countryside has become a big financial-centers in a short duration. But Latvia allows a gentle policy concerning fees for corporations that want to obtain a PSP license in Latvia.
To get a PSP license in Latvia, a corporation needs to spend a lot of time and resources. But the time invested is more than compensated after the completion of all the procedures because the permit holders not only get access to offshore zones but to all the markets of the EU simultaneously. That is why many corporations want to get a PSP license in Latvia and work from this countryside.
Working through the Latvian market is profitable. Especially if your company works in the field of online money transfers and helps to process such payments. For investors who are in doubt concerning whether they should buy a PSP license in Latvia, corporation founders should remember. There are several important advantages in this region:
As you can see, working in Latvia is very comfortable and you just need to choose whether to open your corporation or to buy a company with a PSP license in Latvia to start working in this country.
There is no better place for corporations to work in this field than Latvia. Before to buy a payment service provider license in Latvia, a company should study the local legislation, which concerns the regulation of online money-transfers. The legislation of Latvia is loyal to such organizations, and some issues are already transparently regulated by local regulations.
Officially Latvia`s can operate organizations engaged in:
And if the first point will not cause any surprise, the existence of legislation on crowdfunding and cryptocurrency is striking. There are indeed many crowdfunding`s outlets operating in the country.
Regarding cryptocurrency, there are many mining corps oin Latvia. But their activities are very progressively regulated in the country.
The Baltic countryside has become a big financial-centers in a short duration. But Latvia allows a gentle policy concerning fees for corporations that want to obtain a PSP license in Latvia. To get a PSP license in Latvia, a corporation needs to spend a lot of time and resources. But the time invested is more…
The Baltic countryside has become a big financial-centers in a short duration. But Latvia allows a gentle policy concerning fees for corporations that want to obtain a PSP license in Latvia. To get a PSP license in Latvia, a corporation needs to spend a lot of time and resources. But the time invested is more…
The Baltic countryside has become a big financial-centers in a short duration. But Latvia allows a gentle policy concerning fees for corporations that want to obtain a PSP license in Latvia. To get a PSP license in Latvia, a corporation needs to spend a lot of time and resources. But the time invested is more…
To receive a license, an organization should get certain conditions, which are set by the Latvian regulator. The most common requirements for payment service providers are the following:
Behind the corporation complies with these conditions, it will successfully acquire a Payment agent license in Latvia after submitting a package of docs.
To get a Payment agent license in Latvia, the applicant has to submit a lot of documents. In most cases, this is the first time the company’s management encounters Latvian legislation. And if they have never worked with European regulators, chances to make everything correctly at the first attempt and get a PSP license in Latvia tend to be zero.
That`s why it is better to turn to professionals who work with this authority permanently. Each lawyer in our company has repeatedly applied for licenses in Latvia. This means that we are well-versed in the local legislation and know all the latest changes that have been made in the procedure for issuing such permits.
We are ready to help you at any moment and prepare such a package of docs, which will be immediately accepted by the regulator. With us your chances of quickly acquiring a license increase many times over.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.