Capital holders intending to invest funds in establishment and progress of a financial business-structure and officially approve a payment firm must complete many procedures, namely, establish a local organization, submit the relevant documentation to regulative bodies and bring their enterprise into compliance with the requirement points of the regulator. Sweden has established itself as a cost-effective space for conducting financial business-activities contributing to its continued growth in its attractiveness among entrepreneurs.
Our company helps facilitate entire licensing procedure and will take care of the most difficult aspects, in particular, documentation collection and preparation and cooperation with the regulative body. We have an extensive list of ready-made companies and licenses for sale: PSPs in Hong Kong, crypto-companies in Georgia and Estonia, gambling-licenses in Malta and Curacao, and much more.
In Sweden, regulative and supervisory body is Finansinspektionen (FI). This Commission is in charge of supervision of all firms that operate in local financial markets. The inspectorate, in turn, submits relevant reports to the Ministry of Finance.
All firms wanting to operate in such a service industry in a given country and cooperate with this or that citizen need to obtain a PSP-license from local supervising authorities. Such a company is considered to be a firm with a turnover of more than 3 million euros per month. If your business’s turnover is smaller, you will need to apply for an verification exemption and your business-project then is called a “registered services provider”.
To issue e-money, you need to authorize a firm. Organization that issues e-money and exceeds 5 million euros or this equivalent is required to obtain EMI license. Such a firm is the issuer of e-money. If a business-structure issues e-money for a smaller amount, it may be possible to apply for an exemption from verification and be considered a “registered agent.”
This country presents a promising basis for work of financial enterprises. Country’s authorities strongly support investors from different jurisdictions and provide financing to startups. There are now more than 60 payment organizations operating in Sweden, and their quantity is increasing rapidly.
This jurisdiction has a very robust economy; Sweden ranks 10th in terms of ease of doing business in the world.
A licensed firm needs to necessarily meet the following regulatory criteria:
Our team offers full support for businessmen wanting to license a firm in Sweden and other jurisdictions.
Our experts assist you to achieve the desired result for the full operation of your business-projection quickly and in accordance with all the rules.
Price of licensing a PSP-company differs on a case-by-case basis. In this case, a lot of aspects are taken into account: enterprise type and commercial category, approximate turnover, etc. Our lawyers calculate the cost for each client individually.
We’ve been working with licensing companies for plenty of years and possess a reliable reputation among customers. Our firm employs only experienced and qualified personnel who know how to resolve any issues with the regulators.
We are focused on the best results and will help you go through every step on the path to obtaining a PSP-license, taking care of all the difficulties of registration.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.