Eternity Law International — News — SEMI license in Portugal

SEMI license in Portugal

Published:
February 6, 2024

The investment industry is constantly evolving with the growth of cryptocurrencies and online payment systems. In this era of financial innovation, SEMI licenses are becoming the primary way to store and exchange alternative electronic money. With an excellent regulatory framework, Portugal stands out as a favorable location for companies looking to obtain a SEMI license in the country and take advantage of opportunities in the growing digital asset industry.

Our company is ready to become your reliable ally on the path of your commercial development. We will provide you with SEMI license in Portugal for sale, as well as comprehensive advice on any issues regarding SEMI licenses in the Czech Republic, Poland, Latvia and other countries.

Advantages of a SEMI license in Portugal

Firms that are so licensed in a given jurisdiction receive the same rights as payment institutions, as well as additional capabilities. Companies with a SEMI license can manage client funds for a long time and create payment instruments with the ability to store client funds. This provides convenience for customers when carrying out payment transactions, such as paying for goods and services.

An e-money organization holding small electronic money issuer license in Portugal transacts using virtual currency issued by the issuer itself in exchange for customer cash. They have the ability to make payments to other clients of the issuer who are ready to accept electronic money, with the obligation to redeem electronic money from the holder upon his request. Digital funds can exist both on physical media, such as smart cards, and in virtual form, located on the payment system server.

How to get SEMI license in Portugal

The process of issue to obtain SEMI license in Portugal is regulated by the relevant EU Directive, which sets standards for the activities of companies. The main regulator is the Bank of Portugal. A business wishing to get small electronic money issuer license in Portugal must meet the following requirements:

  • registration of a company in the state;
  • presence of a local office;
  • qualifications and experience of the relevant management – members of management and control bodies must have high qualifications, experience and good business reputation;
  • confirmation of the immaculate business reputation and source of income of the founders;
  • development of internal control mechanisms, risk management, anti-money laundering and countering the financing of terrorism, as well as other policies and procedures;
  • payment of the authorized capital in an amount not less than the established minimum.

To obtain SEMI license in Portugal you must also provide constituent documents, a business plan, financial forecast, and a description of the organizational structure.

We will accompany you every step of the way. Our company is also ready to offer you the option of sale of small electronic money issuer license in Portugal. We have options for ready-made SEMI licenses with a bank account in the UK, Denmark, Lithuania and other countries.

Get SEMI license in Portugal: licensing process

  1. Submitting an application for authorization, including providing a package of documents such as a business plan for a three-year period and other necessary documents.
  2. Review of the application, during which the regulator conducts a full check of the applicant, with a possible request for additional documents.
  3. Making a decision to grant a license or refuse authorization.
  4. Preliminary compliance check carried out after the permit is issued, including an inspection of the company’s office.
  5. Obtaining a license.

Process for obtaining a SEMI license in Portugal

Let’s look at all the steps in the process of getting SEMI license in Portugal.

  1. Submitting an application: The applicant submits the necessary documents, including a detailed business plan for a three-year period, to the Bank of Portugal.
  2. Application review: The regulator conducts a thorough assessment of the applicant’s competencies and may request additional documents at this stage.
  3. Making a decision on issuing a license: based on the assessment, the BP makes a decision on issuing a license or refusing to issue it.
  4. Preliminary Compliance check: After obtaining a license, the regulator inspects the firm’s office to ensure compliance with the established requirements.
  5. Issuance of work permit: When all checks are passed, the enterprise is granted a SEMI license.

Get small electronic money issuer license in Portugal: our professional support

To effectively navigate the licensing process and increase your chances of successful completion, it is recommended that you take advantage of our expert support.

  1. Extensive experience and high professionalism: the company offers its clients a wealth of experience and a high level of qualifications. This includes a thorough understanding of the licensing process, the specific requirements of Banco de Portugal and other regulatory aspects.
  2. Individual approach to clients: the company is aimed at providing clients with unique solutions, taking into account the characteristics and individual needs of each. A personal approach covers the analysis of the client’s business model, the formation of personalized strategies and support at all stages of licensing.
  3. Wide range of services: we provide a comprehensive service covering all stages of obtaining a permit. This includes preparing the necessary documents, developing business plans, advising on regulatory compliance and assisting the client at all stages. We also offer Portugal SEMI licensed company for sale as a ready option.
  4. Effective interaction with the regulator: the company ensures effective interaction with the BP in the process of obtaining a SEMI license. This includes representing the client’s interests, promptly responding to regulatory requests and complying with all necessary regulations.
  5. Constantly updating knowledge and tracking trends: our lawyers regularly monitor changes in legislation and requirements in the field of financial regulation. This provides clients with up-to-date information, prompt response to changes in legislation and business compliance with all current requirements.
  6. Excellent knowledge of the financial market. This not only provides clients with a ready-made Portugal SEMI licensed company, but also provides valuable strategic advice based on a thorough analysis of the current financial environment.

By collaborating with our company, you not only receive a ready-made SEMI license in Portugal for sale, but also a reliable partner with experience, deep understanding of the financial market and expertise in the field of technology. We guarantee a personalized approach, proactive compliance and comprehensive support at all stages of your successful interaction with the financial regulator.

We provide comprehensive assistance in preparing and submitting the necessary documents. Our clients can count on competitive offers for SEMI licenses for sale in the UK, Latvia, Poland and other countries, as well as our full support and guidance throughout the approval process.

You could be interested

Sports Betting License in Cyprus 2023

A decade ago, Cyprus effected the law No. 106(i) 2012 (as revised in 2019) which addresses betting operations in the country through land-based and remote platforms. Therefore, all spοrts gaming operations are governed by the law. E-casinοs, e-pοker, and e-bingo are now legally restricted. The law establishes two categories of sports betting license: Class A, which...

PSP license in Singapore

If you’re intending to deliver commercial offers directly connected with payments in Singaporean market, you are obliged by law to acquire a Singapore PSP-license. Below are the key points you need to consider before entering Singaporean financial market-space and getting a Singapore payment service providers license. What’s a PSP authorization? A Singaporean PSP-license is permission...

Registration of an offshore company in Ajman

Registration of an offshore company in Ajman. In this review article, we will talk about how the process of registering an offshore company in the UAE – Ajman takes place from the point of view of this jurisdiction. In this review, the key points of company registration will be analyzed, as well as the main...

BD company in FINRA and NYSE New York - USA

Finance and Insurance: Securities Brokers and Dealers, Investment Banks, Merchant Banks The Securities Firm is based in New York and is approved for most business lines. The company places lots on other BDs, retail business and investment banking are supported. There are no debts and no questions from the regulator. Price on request; Redomiciliation –...

PSP license in Egypt

Prelude Due to the rapid use of digital technology, Egypt has recently seen substantial changes in its financial industry. Due to their access to smartphones and the internet, Egyptians are growing more and more interested in digital banking and electronic payment methods. This discernible pivot towards a more digital economic milieu has been substantiated by...

MSB license in Austria

Austria, renowned for its idyllic landscapes and profound cultural heritage, has consistently emerged as a preferred locale for entrepreneurial endeavors, encompassing the sphere of Money Service Businesses (MSBs). Within this purview, the acquisition of an MSB license in Austria assumes paramount significance, serving as an indispensable prerequisite for individuals and entities desiring to participate lawfully...

Discover our services

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

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360