Belgium stands at Europe’s crossroads, known for diplomacy – and for offering a legal refuge to people escaping political threats. Many asylum seekers in Belgium arrive not for opportunity, but for survival. They may have been persecuted for protesting, writing openly, joining movements, or simply holding an opinion that conflicts with those in power. When…
Political oppression is a great problem that can impact all of humanity around the globe. The government is usually turned against its citizens for expressing different views or beliefs; sometimes even undertaking activities that could endanger the nation. That is why they can face an unfair trial, confinement, or even cruel treatment. Escaping oneself from…
Political persecution is a considerable matter which can influence people around the globe. Governmental body of the particular country takes an aim at the individuals who express their different opinion or belief. Sometimes these people can resort to actions which threaten the country one way or another. They can encounter unjust trial, confinement, or even…
Political oppression is a considerable issue that can have an impact on people around the world. Governmental body of the particular country takes an aim at those who express their different viewpoint or belief. Sometimes these people can resort to actions which threaten the country one way or another. They can encounter unjust trial, confinement,…
If you need to start working in the UK without waiting months for paperwork, a ready-made UK company with bank accounts for sale might be exactly what you’re looking for. We’re selling an established private limited company, fully registered in 2023, complete with working bank accounts and a UK address. Buy Ready-Made UK Company with…
An excellent opportunity to acquire a fully licensed and operational Virtual Asset Service Provider (VASP) company in Lithuania. The company is structured to serve both B2B and C2B segments, offering crypto payment and exchange solutions via a scalable and compliant infrastructure. Key Features of this Lithuanian VASP: Regulatory and Company Setup License: VASP License issued…
We are pleased to offer an ELI corporate services package in the United Arab Emirates for sale for those seeking to establish or scale operations in the UAE – one of the world’s fastest-growing business ecosystems. Whether you are launching a startup or expanding your global presence, our turnkey support ensures a seamless market entry,…
A ready-to-operate Polish company is now available for acquisition, offering a fast and efficient market entry. This is an ideal solution for investors and entrepreneurs seeking an established structure with active banking and management in place. Key Features of this Polish Ready-Made Company Date of Incorporation: February 2022 Company Activity: General Trade Director Services: Included…
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+1 (888) 647 05 40Latvia is in a leading position as one of the leading countries in attracting fintech companies. Unlike other lawfull ment, the Central Bank demonstrates its loyalty by regularly issuing licenses and offering various initiatives aimed at developing the FinTech sector. Following the UK’s exit from the EU, Latvia has become one of the best jurisdictions with the great number of FinTech licenses issued.SEMI – is a Latvia small electronic money issuer license, and such a financial business-company is created in order to provide all the needed banking operations on accounts. Based on the current situation in the world, such institutions are in great demand, as they greatly simplify the conduct of international activities for every modern businessman. Entrepreneurs might also take their look at the ready option of sale of small electronic money issuer license in Latvia.
You may offer payment services and certain other financial services with an e-money license, but you may not act as a bank or use the word “bank” in your name or marketing materials.
Institutions that work with virtual money and possesses small electronic money issuer license in Latvia can usually:
The option to get small electronic money issuer license in Latvia is very popular in Latvia. Despite the decrease in the total number of payments made, the cost of non-cash payments is generally increasing. The Financial and Capital Market Commission supervises all electronic market institutions licensed by the Small e-money license in Latvia, all of which are subject to the rules set out in the Law on Payment Services and Electronic Money. The EU e-money directive is also aligned with Latvian regulations governing electronic payment institutions (EMDs).
First of all, it is important to understand that this activity is carefully checked by the state. Therefore, in order to get small electronic money issuer license in Latvia , you will need a properly prepared set of documents that will fully comply with all the requirements of the jurisdiction. In addition, you need to enroll a company in the country.
Main demands, that you need to note and follow for getting small electronic money issuer license in Latvia:
In order to obtain an e-money license in Latvia, you need to go through several stages. The first step is to prepare for the application. At this stage, you should have a ready business plan, a description of the planned business, a description of the structure of the shareholders (participants) of the commercial company, confirmation of the initial capital, information about the members of the board and council. , important shareholders and the person who is directly responsible for the management of the institution’s activities, a description of the mechanisms of continuity of the institution’s commercial activity, PMK and other necessary documents in accordance with the Regulations of the KRFC No. 138.
The next step in the way to obtain small electronic money issuer license in Latvia is to submit all the necessary documents to the Financial and Capital Market Commission (FCMC). If there are gaps in the submitted documents, the Commission may ask the corporation to fill them in or provide additional information. If the application is completed, the FCMC sends a letter to the entrepreneur informing them that the review of the application for authorization has begun.
Within a month from the moment of receipt of the application, the KRFC begins its consideration. If the information in the application is not sufficient to resolve the issue of the permit, the term of consideration of the application may be extended. By the way, the ready variant of sale of small electronic money issuer license in Latvia is more efficient in terms of time-spending and expenses needed for starting business-activities.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.