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.
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.
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.
Mandatory documentation and normative points to get SEMI license in Belgium include:
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.
Interested capital-holders might take their look to Belgium SEMI licensed company for sale as an option of completely ready-to-use structure.
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:
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.
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.
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.
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.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.