Until recently, any crypto-currencies were not listed on these islands, but in light of the rapid development of the crypto-industry around the world, now this jurisdiction has become one of the most promising and popular places for obtaining a crypto-license. Below we will look at the main aspects of crypto-regulation and the procedure for obtaining…
In the dynamic monetary field of Singapore, achieving an Electronic Money Institution (EMI) permission is a pivotal step for enterprises aiming to operate in the digital payments sector. This comprehensive article explores the intricacies of acquiring an EMI permission in Singapore, including the adjustment substructure, application process, operational conditions, and strategic considerations for accordance and…
Malaysia is one of the first countries to introduce cryptographic regulation policies. Under such policy, crypto-currencies are classified as securities, and according to Minister of Finance, the Malaysian governmental authorities believe that crypto-currencies and blockchain-technologies have tremendous potential to stimulate economic progress. It is believed that digital assets and their underlying blockchain technology can help…
The Dubai Worldwide Financial Centre (DIFC) is a pivotal hub for global finance in the Middle East, providing a sophisticated and business-friendly circumstances designed to facilitate growth and invention in the economic sector. As one of the world’s premier monetary free zones, DIFC supplies a unique adjustment and legal substructure, attracting a broad array of…
Overview An Australian Financial Services License (AFSL) licensed company for sale, established in 2004 and holding a credit license, is available for sale. This company is authorized to conduct comprehensive financial services and is perfectly suited for immediate operational commencement. Company Details Registration Year: 2004 Bank Account: Maintained with St. George Bank Support: Assistance with…
Overview This Securities Dealer licensed company for sale in Seychelles and registered in 2023, is currently available for sale. It operates under full compliance with local regulations, presenting a clean and streamlined opportunity for immediate operational takeover. Company Details Location: Seychelles Registration Year: 2023 License Type: Securities Dealer License Staffing and Infrastructure Staff Composition: The…
This is a new investment opportunity – AFSL license in Australia for sale. Please check out the main details regarding this proposal below. AFSL license in Australia for sale: key considerations Active company licensed by Australian Securities & Investments Commission (ASIC) in 2023; Allowed activities (financial product advice, deal in a financial product, custodial or…
Corporate Overview Establishment Year: 2018 Capital Structure: CHF 100,000 Licensing: Licensed as a Portfolio management company in Geneva for sale by FINMA in 2022; previously operated under SRO status. Business Operations of Portfolio management company in Switzerland for sale Core Activities: Specializes in providing financial advice and asset management services. Additional Capabilities: Authorized to establish…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40A SEMI permission is a profitable tool that increases the prospects of growth and development of your biz in Lithuania.Every business-company involved in the issuance of e-money in country must get SEMI license in Lithuania in order to legally operate in this jurisdiction. Having a license will allow you to make offline or online payments, open sub-accounts within a bank account, create electronic wallets, provide individual IBAN numbers and transfer money to foreign accounts.
Both small EMIs and regular EMIs are permitted to provide payment services and issue e-money. The authorization and activities of a business-company with a SEMI permission are regulated by Law of Republic of Lithuania on Electronic Money and Electronic Money Institutions. In addition, the Law of the country on Payments applies when EMIs provide services to their customers. Companies with an unrestricted Lithuania small electronic money issuer license can only be public or private LLC, which means that an individual can obtain an small e-money license in Lithuania.
Services provided by small electronic money issuer license in Lithuania:
You can also take a look to the ready option of the sale of small electronic money issuer license in Lithuania.
However, the permission of a small e-money institution in Lithuania is valid for the provision of services only in Lithuania, which means that small EMIs are not allowed to issue electronic money and provide payment services in other EU member states. That is why the number of business-companies willing to apply for a small e-money license in Lithuania is so small-scale.
In addition, there are restrictions imposed on a firm deciding to get small electronic money issuer license in Lithuania. First, the average amount of electronic money in circulation of SEMI should not exceed the limit of 900,000 euros. Second, when a firm with a SEMI license in Lithuania provides payment services not connected to the issuance of electronic money, the average total amount of payment transactions for the previous twelve months performed by small EMIs is limited to EUR 3,000,000 per month.
The application for the option to get SEMI license in Lithuania must be accompanied by documents that establish politics and processes that confirm that the institution will comply with the above restrictions.
There are more features of EMI’s limited activity licenses that need to be recognized. Please note that unlike small EMIs in the UK, there are no initial fund demands or current equity demands for institutions with a small e-money permission in country. In addition, unlike fully licensed EMIs, companies with a small electronic money institution license in Lithuania are not subject to Articles 24 and 25 of the Law of the Republic of Lithuania on Banks.
Entrepreneurs might also turn to the option of the sale of small electronic money issuer license in Lithuania.
Which includes:
Preparation of legal, financial and IT documents:
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.