More businessmen are choosing Spain for establishing payment companies. This country has a very progressive FinTech environment. In accordance with official data, Spain is in the TOP-5 jurisdictions for issuing licenses for electronic money. It offers favorable taxation and management conditions, as well as a transparent licensing procedure with precise deadlines and compliance. Thus, a PSP license in Spain provides an opportunity to become part of a developed and prosperous market, as well as to demonstrate its reliability and commercial viability.
In Spain, as in all European countries, there’re four categories of payment companies:
Directors or authorized persons of enterprise must be residents of jurisdiction. There aren’t requirements for employees; workers do not have to be locals. Office may also be outside the country.
Entrepreneurs may buy payment service provider license in Spain and get completely ready-for-work structure. It’s a convenient and lucrative option in terms of speediness of launching the project.
Before issuing a PSP license in Spain, Spanish regulative authorities review applications for authorized PIs and EMIs three calendar months in advance. Small companies receive a response within twenty-days-period if a complete set of documents has been submitted and there is no need to provide additional information. On average, full licensing takes about six months. If entrepreneurs decide to buy PSP license in Spain, they’ll be able to function immediately.
Spain offers a favorable tax system for new businesses and a wide variety of stimulus for activities related to researches and development in this industry.
Full documents package required for authorization consists of data about the firm and managers, services provided, business-plan, various procedures and policies, insurance and other certificates proving that the organization meets all norms of regulatory authorities.Our specialists will help you to authorize a payment firm and to buy a company with PSP license in Spain quickly and at no extra cost. We know how to properly submit all documents and interact with the regulator. We also offer ready-made psp for sale and many shelf companies for sale in hundreds of jurisdictions of different categories and a wide variety of business directions.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.