Eternity Law International News SEMI license in Luxembourg

SEMI license in Luxembourg

Published:
February 6, 2024

The country needs enterprises dealing with payments to get officially-approved permits from local regulator – CSSF. As EU member, this country puts forward this regulative parameter based on the legislation on e-money regulation since 2011 and regulation 1781/2006; it implies that licensees need to follow directives and regulative norms in field of prevention of illegal monetary means circulation. Correspondence with rules and standards of directive and anti illegal monetary means circulation provisions means combating money laundering and terrorist financing, strictly monitoring transactions with full supervision, and ensuring a high standard of services spreaded and security of assets, bearing in mind the interests of EU citizens.

Our team is highly qualified professionals in field of establishing and licensing commercial organizations. We offer qualified support in getting SEMI-licenses in Czech, Poland, Lithuania, Latvia and others. Our team gives interested entrepreneurs the option of a ready-made SEMI license in Luxembourg for sale.

To obtain a SEMI license in Luxembourg, e-money issuing firms and operators (incl. merchant accounts and wallets) are needed to establish an organization in Luxembourg with head office and an average capital of approx 350 thousand EUR. Attractive and convenient option for e-money business-activities is the use of a SICAR in the form of a SeCS, a limited partnership similar to an LLC. A foreign, offshore company with nominal shareholders and directors can act as a partner.

Conditions for getting SEMI license in Luxembourg

Firms need to hire minimum of 3 directors, one of whom must be a resident of Luxembourg (an individual), while the others can be either non-residents or legal entities.

  1. Opening an account in a local bank for transactions.
  2. Accounting is required.
  3. The number of shareholders can be minimal – from one (most often these are beneficiaries in traditional structures).
  4. You will need to hire employees and rent actual office space.
  5. A license is issued to a company after paying a fee and submitting a complete set of documents to the regulatory body.

Average consideration time in terms of the option to obtain SEMI license in Luxembourg is up to a year. It is recommended to seek specialist support to minimize the chances of negative results.

Benefits of SEMI license in Luxembourg

  1. Wide access to EU market-space: Luxembourg, as part of the European Union, provides licensees with possibilities to conduct business-deals in EU-countries without additional permits.
  2. Financial Center: Luxembourg has gained a reputation as a financial center with excellent performance and reliable image, which attracts investors and companies.
  3. Global connections: the excellent location in the central part of Europe automatically makes this country a kind of bridge between EU markets and rest of global space, making it easier to carry out different transactions.
  4. The jurisdiction prides itself on steady economic basis and adherence to international normative points and rules.

We possess the variant for sale of a small electronic money issuer license in Luxembourg as a ready-made business. Our company also provides full professional assistance in the acquisition of SEMI-licenses in Malta, Lithuania, Germany, Estonia and others.

Phases of getting a small electronic money issuer license in Luxembourg

  1. At the beginning of the process of opportunity to get a SEMI license in Luxembourg, it’s important to understand to strictly comply with all established regulatory requirements, improve the model for future functioning of company and guarantee that mandatory preconditions are met, including official establishment of the company and opening a bank account.
  2. The next step is to prepare and submit a perfectly-described application to the CSSF including information about the enterprise, capital, bank account, financial steadiness and correspondence measures.
  3. Submission of an application is followed by a painstaking review of documentation by the regulator, including an assessment of your organization’s compliance with safety standards and correspondence procedures.
  4. Upon successful completion of the documentary verification stage and fully-covering correspondence with regulative norms and standards, you get SEMI and payment system license. This gives you the right to operate in the Luxembourg market and throughout the European Union.

A legal entity registered in the specified organizational and legal form receives the right to issue e-money, acting as an issuer. The term “issuer” was designed by the Council of Europe and received the support of most allied countries.

If you decide to get a SEMI license in Luxembourg, you should realize that the permit holder operates on the basis of the use of its own virtual currency, which gives it the right to exchange this currency with clients and business partners, as well as to accept ordinary financial resources in return. Counterparties who have received the issuer’s currency can interact with other clients and partners who also accept this type of e-money. Operator undertakes to accept its virtual currency and exchange it for real monetary assets at client’s request at any time.

Process of issuing funds

  1. The client passes real monetary means to the issuer’s account.
  2. The currency manufacturing company exchanges e-monetary means at established rate, after which e-money appears on the client’s account.
  3. The user spends the funds received on purchasing of goods and services in places where such currency is accepted.
  4. Merchants who have received payment make settlements with other partners and suppliers.
  5. Suppliers exchange e-money for really-existing money, passing it to issuer.

Although this scheme may seem complex, in practice it is no more complex than the circulation of traditional funds.

Getting a ready-made SEMI license in Luxembourg for sale will help you save a lot of time when starting your own business.

Our advantages

To establish a firm and get a small electronic money issuer license in Luxembourg you must provide certain documents, which depend on the chosen form of business. Typically, this includes a notarized deed of incorporation, articles of association, and a resolution appointing general directors. Additionally, a certificate from the selected bank may be required confirming the presence of the paid-up company’s initial capital.

If a company is registered in Luxembourg, our specialists can provide support in the process of submitting documents and completing all formalities.

  1. Our team has expert knowledge and experience in field of licensing in Luxembourg, giving a high level of competence.
  2. We develop unique strategies tailored to each client and their business model to achieve ideal results.
  3. Thanks to our experience and professional connections, our experts ensure that Luxembourg SEMI licensed company are obtained quickly and efficiently.
  4. We provide full support at every stage, from the preparation of documents to the successful completion of the licensing process, minimizing difficulties for clients.

We offer Luxembourg SEMI licensed company for sale with perfect purchasing conditions. Our impeccable reputation as a trusted licensing partner ensures clients that all aspects of the process are carried out legally and to a high professional standard. We guarantee comprehensive assistance in obtaining SEMI-licenses in Cyprus, Sweden, Denmark and others.

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 in UK for sale

Europe, UK EMI License
This is a new investment opportunity – SEMI license in UK for sale. Please check out the main details regarding this proposal  below. SEMI license in UK: key considerations Operational company with SEMI license in UK. Has active provider contracts (online-banking and acquiring services); Bank account in Bank of Ireland, bank accounts in EU; Principal...

COMPANY WITH SEMI LICENSE IN THE CZECH REPUBLIC

Europe, UK EMI License
A company in the Czech Republic with a SEMI license. If you are involved in foreign exchange transactions, electronic money and cryptocurrencies, then a financial company in the Czech Republic with a SEMI license is suitable for you. We offer to buy a company with a license SEMI (Small Electronic Money Institution), which provides various...

You could be interested

ISO 28001: Supply Chain Management

Supply system is breakable in many sectors or causes public safety concerns. This situation leads to security gaps in private and public institutions and negatively affects companies. Such risks need to be identified in the supply mechanism for firms and effectively managed through accurate diagnostics. ISO 28001 enables enterprises to define and document reasonable levels...

Citizenship by Territorial Origin

Citizenship by territorial origin. The Ukrainian law “On Citizenship” in Article 8 states that a person has the opportunity to become a citizen of Ukraine if: person, close relative: parents, grandfather, grandmother, sister, brother, any of the children, grandchildren were born before 08.24.1991. Or had a permanent residence permit on the territory of Ukraine according...

Development of Fintech applications and services

Fintech (or financial technologies) is the sphere of activity of banks and financial companies that apply innovative developments in their work, and cooperation of technology companies with traditional financial institutions. This type of cooperation and modernization is aimed primarily at maintaining competitiveness and advantages over other participants in the financial environment. Interest in fintech products...

Getting a Forex license in 2021

To enter the Forex market, a specialist necessarily needs a Forex broker license. It is impossible to work legally without this document. Our article is devoted to an overview of the demanded jurisdictions and the rules applied there. Our main question can be formulated as follows: where is it more profitable to get a Forex...

Fintech company registration in Malta and Singapore

Registration of a fintech company in Malta and Singapore is quite a popular request in recent years. This article describes in detail the process of creating fintech companies in Malta and Singapore. Reasons why it is necessary to register a company in Malta In recent years, it has been Malta that has gained a reputation...

Foreign bank account

Foreign bank account : all the advantages and risks.  Now, due to the situation with deoffshorization, entrepreneurship need to turn to the international banking services. Therefore, the question of how to open an account in a foreign banking institution is now in the mind of almost everyone who is actively involved in business. Advantages of...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7