Luxembourg is known for its stable domestic market and fairly favorable conditions for start-up businesses. Regulation of the financial sector in the jurisdiction occurs in accordance with the Banking Law. The regulatory body responsible for this sector is the Commission Concerning Supervisory Authority (CSSF). The work and proper functioning of this body is closely monitored by the Ministry of Finance.
Our team specializes in establishing and licensing commercial projects in various areas of activity. We have been present in this niche for many years and are ready to solve even the most complex problems. Our company also offers hundreds of options for ready-made companies for sale around the world: PSP in Dubai, Belgium, Germany, France, Portugal and other countries.
In accordance with local Law, the CSSF has the following rights and options in relation to registered PSPs.
Luxembourg financial establishments that additionally also provide insurance services are subject to the supervision of the CAA, the Commission that oversees the insurance sector in the jurisdiction.
In order to obtain the appropriate permit, the firm must provide the CSSF with the following documents:
IT-programs used by the enterprise must comply with modern technology standards. Amount of capital required depends on the type of services the business-structure provides. Typically, the required minimum capital amount is €50,000. The capital amount must be documented and paid in accordance with the provisions of Regulation (EU) No 575/2013. The minimum required amount of capital for investment sector institutions also varies and depends on the type of activity that the enterprise intends to engage in.
The beginning of the authorization procedure involves a meeting between the applicant and the CSSF. This occurs before the formal application is submitted in order to fully understand the applicant’s requests.
Next, the owner of the enterprise intending to service this or that citizen submits the licensing application itself in electronic and paper formats, to which the following must be attached:
If the permit is approved for the enterprise, its validity will not be limited. When submitting an application, you must pay a fee of 15,000 euros. Also, similar fees will be charged to the enterprise every year.
If you have any questions or difficulties with completing your application, we will be happy to offer you our assistance. Our team will provide full support to your firm from the moment you submit your application until you receive the permit itself. We are also ready to offer you an extensive list of ready-made licenses for sale in hundreds of jurisdictions: PSP in Georgia, Portugal, Estonia, Sweden and other countries.
The cost of licensing a payment institution in Luxembourg is calculated individually for each client, depending on many factors: type of organization, start-up capital, number of additional services.
Our experts will provide you with a full estimated price immediately before starting work. We value our clients and try to minimize costs while obtaining maximum results.
Our team offers full support for entrepreneurs wanting to get a PSP-license in Luxembourg and other jurisdictions.
We’re responsible for the quality of our work and can guarantee a quick and effective result.
Our team has been licensing companies in different countries for many years and has already gained an excellent reputation.
The company’s specialists will help you quickly obtain all the required permits for the successful operation of your business-project and will take care of all the difficulties. We will save you the hassle and help you obtain an activity permit in the shortest possible time, with a minimum of your effort.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.