Eternity Law International — News — SEMI license in Belgium

SEMI license in Belgium

Published:
February 5, 2024

Following the adoption of the Payment Services Directive 2, Belgium has expanded the possibilities of using electronic money for residents and foreign entrepreneurs. Such activities now require a permit from FSMA. This also applies to companies engaged in various types of activities, including payment systems.Our company consists of specialists of the highest category who are ready to provide qualified assistance in establishing and licensing businesses. We also provide a ready-to-use option of SEMI license in Belgium for sale and extensive advice on any issues relating to SEMI-licenses in the UK, Latvia, Lithuania and other countries.

Basic conditions for getting a SEMI license in Belgium 

Companies requiring to get SEMI license in Belgium to operate e-money must be registered in the country. However, it is also necessary to obtain a permitwith the Belgian National Bank regarding the need to create a separate legal entity for e-money transactions.

  1. Initial capital of the enterprise cannot be less than 350 thousand euros.
  2. Funds received in exchange for electronic money must be clearly identified and, if held for more than 24 hours, must be stored in special accounts.
  3. Electronic money issuers must have a legally leased or purchased office.
  4. Mandatory presence of a board of directors, including at least three residents.
  5. The company must provide evidence of the availability of the necessary equipment to carry out payment transactions.
  6. It is mandatory to comply with measures to prevent money laundering, including identification procedures, verification, development of security policies and installation of control mechanisms.

These conditions comply with European Union standards in the field of electronic money, and companies wishing to carry out this activity in Belgium must strictly follow these regulations and obtain the appropriate license from the FSMA.

Documents for obtaining a SEMI license in Belgium

Mandatory documentation and normative points to get SEMI license in Belgium include:

  • operating program and business plan;
  • marketing plan;
  • scheme of funds flow;
  • company recovery plan and strategy.

In the area of operational management, the company must be structured in such a way as to ensure the sound and ethical conduct of business. This includes operational risk analysis, risk management, clear organizational structure, compliance, internal controls, procedural guidance, external audit, international services, and information security and infrastructure. In case you decide to get a ready-made Belgium SEMI licensed company, you’ll skip the documentation preparation procedure.

Our specialists will help you in collecting the required documentation. We also provide option of a ready-made SEMI license in Belgium for sale professional support in obtaining a SEMI license in Latvia, Denmark, Sweden and other jurisdictions.

Privileges and attraction of a SEMI license in Belgium

  1. Access to the EU market: SEMI-license provides access to the wider European Union market, facilitating the expansion of financial activity in the region.
  2. Universality of financial services: SEMIs can provide a variety of financial services, including issuing electronic money and supporting digital transactions.
  3. Development of the fintech sector: fintech industry is actively developing in Belgium, creating a favorable environment for growth and innovation in the SEMI sector.
  4. Competitive advantage: SEMI license provides a competitive advantage in the financial sector, especially in the area of electronic payments, opening the opportunity to offer advanced financial solutions.

Interested capital-holders might take their look to Belgium SEMI licensed company for sale as an option of completely ready-to-use structure.

Procedure for obtaining a small electronic money issuer license in Belgium

The procedure for the option to obtain SEMI license in Belgium is a carefully prepared process that begins with the submission of a comprehensive application to the National Bank of Belgium. This stage involves a detailed assessment, including a review of the business plan, a review of bank accounts, and a thorough examination of the applicant’s ability to comply with regulations.

An overview of the services provided by SEMI includes the following operations:

  • issuance, distribution and redemption of electronic money;
  • provision of services enabling electronic money transactions such as cash withdrawals, funds transfers and money transfers;
  • issuing payment cards for withdrawing and depositing cash;
  • providing information about accounts.

Prior to deciding to get a small electronic money issuer license in Belgium, it is important to note that SEMI cannot accept deposits or other refundable funds, which eliminates the possibility of generating profits. SEMI funds received are not considered a deposit and must be instantly converted into electronic money in accordance with the law.

SEMI licensing process

The procedure to obtain a SEMI license in Belgium includes a special audit that the institution must undergo in many EU countries. Each organization is required to have at least two managers, EU residents, who confirm their professional competence. In addition, additional rules from each EU state may complement the requirements of Directive 2015/2366/EU.

The electronic money issuer must demonstrate the availability of high-quality software and a strong technological infrastructure. This includes a business plan, forecast budget for the first three financial years, monitoring and security procedures, and internal protocols to combat ML/TF risks and fraud.

It usually takes 4-5 months to obtain a SEMI license. If you are interested in this process, please contact our lawyers for advice and for getting the access to the option of sale of small electronic money issuer license in Belgium.

Our strengths 

Specializing in licensing services in Belgium and other jurisdictions, our firm offers a number of significant benefits to our clients. We also possess such an option as a ready-made SEMI license in Belgium for sale.

  1. Our experts have in-depth knowledge of the legislation and requirements in the field of issuing electronic money and provide professional support at every stage of obtaining a license.
  2. Each company is unique and the approach to obtaining a license must be tailored to its specific needs and characteristics. We offer individual consultations and develop strategies tailored to each client’s specific needs.
  3. From us you can order a full range of services, including preparation of the necessary documents, interaction with regulatory authorities, as well as consultations on ensuring compliance with all requirements and standards.
  4. Our lawyers have excellent relationships with regulatory authorities, resulting in more efficient communication and reduced time required to obtain a license.

If you are interested in development in this commercial area, pay attention to offers for the sale of ready-made SEMI licenses. Thanks to our experience and professional approach, our company helps reduce the time required to obtain or purchase a license and optimize the client’s costs for this process.

Businesses for sale

SEMI licenses in the Czech Republic

Europe, Czechia Crypto licenses for sale
Use and conditions for obtaining a SEMI license in the Czech Republic The Czech Republic positions itself as a country capable of providing a wide range of conditions for those who want to open their company in Europe. It is also popular for issuing permits for the transfer of electronic money. There are two types...

SEMI license with UK bank accounts for sale

Europe, UK EMI License
Below you can see the basic information regarding the SEMI company with bank accounts for sale SEMI licensed company – whats included: Year of company: 2019; SEMI license obtained in 2019; Opened bank accounts in LPB Bank Latvia and Clear Bank; Authorized activities: issuance of electronic money; placing cash to a payment account; withdrawing cash...

You could be interested

Restoration of Ukrainian citizenship

On the basis of the Law “About Citizenship” Article 10, restoration of civil relations with Ukraine is carried out when: a person who has withdrawn from the legal position. Who does not have any other citizenship, submits an application for restoration. Then he becomes a citizen of Ukraine, even if he is not within the...

Labuan Forex license in 2023

Broker-organizations are commercials helping organize deals engaged purchasers and vendors in financial markets. Such firms that work as intermediaries and charge a certain fee for their services should obtain a certain permission to carry out these transactions. Labuan Forex broker license is of great intrigue to entrepreneurs: this’s a rather promising solution, as this state...

Merchant account opening in 2022

If you intend to launch a commercial project, it’ll be needed to pass such procedure as merchant account opening. Cooperating with a reliable provider is quite difficult, which is why you should mindfully study the information about this direction, not neglecting the smallest details. Thus, how do entrepreneurs get merchant accounts in 2022? We try...

Offshore company Bahamas

Registration fee 1 405.00 USD The cost of renewal of the company 1340.00 USD Number of directors 1 Corporate tax 0.00% Paid share capital 25 000.00 Mandatory reporting no Who does not know about the Bahamas? It’s real paradise, located in the Atlantic ocean, it has a membership of over 700 Islands, 40 of which...

Cryptocurrency and Bankruptcy

Despite being a relatively new phenomenon, cryptocurrencies are already fraught with problems. One area where new and complicated problems about assets, liabilities and contractual responsibilities concerning digital money are raised is bankruptcy. Topic “Bankruptcy And Crypto” is very important and relevant. Thus, In this article we overview dealing with cryptocurrency in a bankrupt estate. Do...

Types of investment funds

TYPES OF PUBLIC FUNDS According to SIBA, there are four categories of Open Funds: Professional foundation; Private foundation; Public fund; Recognized foreign foundation. Professional foundation Their statutory documents state: the fund’s main interest goes only to “professional investors”; the initial investment of each investor in the fund (other than “exempt investors”) must be at least...

Related posts

SEMI license in Switzerland

Local authoritative bodies are precisely controlling the dynamically-developing FinTech-market and are quickly reacting to innovative developments. Laws regulating business-activities of providers, operators-issuers of e-money and payment mechanisms are periodically adjusted following norms and standards of current time. Permits from the country’s official body FINMA are becoming mandatory for FinTech-banks, crypto-exchanges and other organizations operating in...

SEMI license in Portugal

The investment industry is constantly evolving with the growth of cryptocurrencies and online payment systems. In this era of financial innovation, SEMI licenses are becoming the primary way to store and exchange alternative electronic money. With an excellent regulatory framework, Portugal stands out as a favorable location for companies looking to obtain a SEMI license...

SEMI license in Estonia

The Estonia small electronic money issuer license allows you to create a payment system and is issued on the basis of a written application given to the Estonian Financial Inspectorate. General information about small electronic money issuer license in Estonia  Fintech is a rapidly growing industry that attracts more and more entrepreneurs every day. At...

SEMI license in Cyprus

The Fintech industry in Cyprus has been developing quite rapidly over the past few years. The country has already formed a market for financial services, which is closely related to technology. This fintech sector is expected to show a rapid pace of development following the publication of the National Strategy for Distributed Ledger Technologies (DLT)....

SEMI license in Poland

A small e-money license in Poland is a solution addressed to entrepreneurs who supply remittance services as part of their business activities. It corresponds to all the actions necessary to maintain an account, such as depositing or withdrawing money, transferring funds or making money transfers. In the case of SEMI, the average monthly amount of...

SEMI license in UK

If you are interested in acquiring a SEMI license in the UK, we will guide you across the entire procedure and provide you with step-by-step support. A SEMI permission allows a financial establishment to supply authorized service exclusively in the United Kingdom. Thus, to get SEMI license in UK could be an efficient start of...

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: