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.
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.
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.
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.
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.
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.
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.
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.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.