Eternity Law International — News — PSP license in Portugal

PSP license in Portugal

Published:
November 21, 2023

Portugal is a very developed European country. Here are excellent conditions for companies that work with finance. The jurisdiction is fully integrated with global markets, which is also a big advantage.

Our company is a team of professional specialists in the field of establishing and licensing business-projects. We operate all over the world and already maintain active cooperation with hundreds of satisfied customers. We are also ready to offer interested investors a variety of ready-made companies and licenses for sale, particularly, a PSP-license in Mauritius, Belgium, Poland and other countries.

Regulation of PSPs in Portugal

The financial industry in this jurisdiction includes:

  • banking establishments;
  • credit and mortgage lending firms;
  • securities brokers and consultants;
  • insurance organizations;
  • payment firms and e-money;
  • crowdfunding platforms.

Portuguese regulation of the Fintech-sector is very dependent on the legal qualifications of the company and the list of services provided to this or that citizen. The main categories of such enterprises are now firms providing payment services and issuers of electronic money.

Advantages of Portugal for registered PSPs

Stability of the social and political environment.

  1. Tax benefits.
  2. The economic sphere is developed at a high level.
  3. Fast, convenient and understandable registration of business-structures.
  4. No double taxes by agreement with several EU countries.
  5. Security for investors.
  6. Encouragement of business-activities by the government apparatus.
  7. Quite low operating costs.
  8. No corruption.
  9. The opportunity to consolidate and expand your business-activities in the European and global market spaces.

Getting a PSP-license in Portugal

The PSEMLF imposes registration and licensing requirement list for financial and e-money firms, and PSPs, all of which are overseen by BP. To obtain the appropriate license, you must collect and submit the following documents for consideration:

  • business-plan;
  • description of the company structure and beneficiaries;
  • personal data of every director and manager;
  • model and procedures for management and internal compliance.

The amount of authorized capital depends on many factors and is calculated individually.

It is important to understand that fintech licensees in a given jurisdiction must also comply with all advertising and marketing regulations and requirement lists. The PSEMLF provides for a variety of products and service ranges that can be offered exclusively by payment firms or electronic money issuers.

  1. PSP is a firm helping sellers accept payments using bank cards and transfers. Often, the firm provides customers with a merchant account and a gateway that allows them to accept these funds.
  2. PI is a separate type of PSP. The work of such firms is now regulated under PSD2. Under this law, these organizations have the right to carry out transactions, issue or purchase payment instruments, transfer funds, provide loans and provide additional services that are related to their main work.
  3. E-money issuers are persons who can issue electronic money under the law implementing Title II of Directive 2009/110/EC(EMD2).

In addition to their service list, PSPs and EMIs have the right to issue e-money. Firms that issue e-money can offer payment services.

Licensing process

To get a PSP-license in this jurisdiction, you must collect all the required documents, write an application, and submit it to the regulatory authorities. It is imperative to provide a very detailed business-plan, including the following points:

  • data about the future work of the firm, and how these activities will be carried out;
  • available resources that the firm will use;
  • the target audience;
  • what records the organization will keep;
  • measures to protect client assets;
  • way to attract clients;
  • decision makers;
  • method of risk management;
  • commission amounts;
  • measures to combat illegal circulation of funds.

A permit for a PSP-company in Portugal gives you the opportunity to work in one of the fastest growing and most promising EU-countries. By complying with all the normative points that regulatory authorities set for such companies, you can undergo passport certification and additionally work in other countries.

Contact our experts for a consultation and receive detailed information about the regulation of financial companies in Portugal and other countries. We will tell you everything about White Label PSP, the crypto and Forex industry, the features of gambling licensing and much more. We offer full legal support at all stages of opening and licensing your business-project in any jurisdiction.

What is included in our services

We offer full support for entrepreneurs who intend to register and license their business project in Portugal and other jurisdictions.

  1. Creation and establishment of companies in any jurisdiction around the world.
  2. Collection of the necessary package of documents.
  3. Assistance in obtaining licenses and additional permits.
  4. Interaction with regulatory authorities.
  5. Opening bank accounts and accounts in payment systems.
  6. Consultations and an extensive range of corporate services.
  7. Ready-made enterprises and licenses for sale.

We guarantee the high quality of our work and effective results in the shortest possible time.

How much does a PSP-license cost in Portugal?

The cost of obtaining such a license is calculated individually for each company. The price calculation takes into account many factors: the type of organization, the planned turnover of funds and much more. Our lawyers will calculate the exact amount and provide information regarding the potential price for each client separately.

Our advantages

We have been working in this field for many years and have hundreds of satisfied clients. Our lawyers are experienced experts with a huge amount of professional knowledge.

  1. Many years of expertise.
  2. Interaction with hundreds of jurisdictions around the world.
  3. Many satisfied clients.
  4. Extensive list of additional services.
  5. The desire to keep up with modern technological and software solutions.
  6. Consultations and professional support at every stage of cooperation.

We will help you go through the entire stage of establishing and licensing a company, taking on the most difficult aspects.

Businesses for sale

Payment service provider (PSP license) in Dominica for sale

North America, Dominica Payment & E-Money Institutions
New investment opportunity – payment service provider in Dominica for sale. This is a Fintech Intermediary with authorizations to carry out Fintech Specific intermediation globally with no limitations. PSP license in Dominica for sale: what`s included The license was issued more than two years; Has a clean Balance Sheet and is in perfect shape; No...

Seychelles Payment service provider for sale

Africa, Seychelles Payment & E-Money Institutions
Payment service license in Seychelles for sale is an excellent option, if you want to enter the lucrative offshore financial market. Check out the details of the PSP license in the Seychelles. PSP license in Seychelles for sale: what’s included Type of the authorization: payment service provider (PSP); the license is issued by the Central...

PSP license in Turkey with a US branch for sale

Europe, Turkey Payment & E-Money Institutions
This is a new investment opportunity – PSP license in Turkey for sale. Please check out the main details regarding this proposal below. PSP license for sale: key considerations Founded in 2016, licensed by BRSA in 2018; In 2019 opened a branch in USA; Focused on domestic and international remittances; Trade finance, collection services, account...

You could be interested

Registration of the company in Dubai

Today, many businessmen prefer to register their new company in Dubai. In this article we want to describe what the process of opening a new business in Dubai is. Dubai gives the broadest prospects for business activities and its organization, both within the United Arab Emirates and at the global level. The local government here is very...

How to start a cryptocurrency company in Portugal

As specified in the findings of Ernst Young’s (EY) latest survey on foreign direct investment destinations, Portugal is included in the top ten countries in the EU. This survey showed that 50% of the investors think Portugal will achieve more investment attractiveness in 3 coming years and 37% of the investors are seeking to broaden...

Fintech Business in Latvia

The permit, which is issued by the Capital Market Control Commission, allows an entrepreneur to develop his/her own Fintech business in Latvia. This is the official right to occupy a fairly profitable niche and provide services of this category in any of the EU member states. Latvian license is a sign of guaranteed professionalism and...

Crypto license in Denmark

Crypto-business in Denmark enjoys a favorably-developed environment as there’re plenty of cryptocurrency exchanges and there aren’t restrictions on exchange and vending of virtual funds. Nevertheless, national legislative basis doesn’t provide specific rules to control this market-niche. Danish authorities allow usage of Bitcoin and other crypto-currencies as payment means, assets or goods, although crypto-currencies aren’t not...

What is a utility token?

Below, we will try to find out what is a utility token? It’s a specific kind of token helping in capitalization or financing of projects for new businesses, companies or groups of project creators. The UL token, which is called a service token, is used as a guarantee of taking part in large sales to...

How to set up a SICAV fund in Luxembourg

There are a few options for how businesspersons-nonresidents may open an investment fund (IF) in Luxembοurg. An alternative investment vehicle is most suitable for private investors looking to create their funds in the country. It has two types: SICΑV and SICΑF. The following is a brief explanation of how to set up a SICAV fund...

Related posts

PSP license in Switzerland

Switzerland is one of the most prestigious and profitable jurisdictions for establishing and developing a business. To open a payment institution in Switzerland, you must obtain a special PSP-license from the regulatory authorities. The financial industry regulator in this jurisdiction is FINMA. It is important to understand that licensing a business in Switzerland has many...

Gaming license in Portugal

Portugal is a prosperous country that has proven itself as a good jurisdiction to start many enterprises. Now we will look at all types of gambling permits in country. Varieties of Permits Existent Permits The adjustment authorities have not established a maximum limit on the number of permits that can be issued. Qualification To be...

EMI license in Portugal

Introduction Portugal, known for its picturesque landscapes and rich cultural heritage, has also emerged as a hotspot for businesses, especially in the fintech sector. One key aspect that has contributed to this trend is the availability of EMI (Electronic Money Institution) licenses in the country. In this article, we will delve into the requirements, services,...

PSP license in UK

Great Britain is a financially stable countryside. Therefore, opening an interchange in this region is a guarantee of safeness for acquisitions and the opportunity to multiply them. The global financial crisis has had almost no effect on the development of the country’s economy, and the experience of its top managers has made it possible to...

PSP license in Cyprus

Enterprises providing payment services to Cypriot community and foreign customers being registered locally are covered by strict normative regulations. PSP license in Cyprus allows firms to act as providers of next-mentioned: Thus, to establish such structures in this jurisdiction and offer legally-permitted services, entrepreneurs should be owners of such permission as payment agent license in...

Crypto License in Portugal

In modern financial space, a separate niche has already been formed for cryptocurrencies – digital funds that are used for settlements and actively circulate in various operations. More organizations are appearing on the market intending to offer services for the crypto-exchange, opening of crypto-currency debit cards and carrying out crypto-operations. In jurisdictions favorably accepting cryptocurrencies,...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: