Every year this jurisdiction becomes more popular, attracting many new investors from different parts of the world. An important element of the fintech sector is the SEMI license, which allows enterprises to act as financial institutions and provide online payment services and the issuance of electronic funds.
Our company has been working for many years in the field of establishing and licensing businesses around the world. We are ready to offer you such a profitable option as the sale of a small electronic money issuer license in Sweden, as well as attractive offers for SEMI licenses for sale in the UK, Denmark, Germany, Lithuania and other countries.
Getting a SEMI license in Sweden is a strictly regulated process by the financial supervision service. To obtain a permit, a company must strictly comply with all regulatory requirements.
Interested entrepreneurs also have the option of a ready-made SEMI license in Sweden for sale.
The procedure of the opportunity to get SEMI license in Sweden consists of several stages:
The Financial Inspectorate (FI) in Sweden functions as the regulator of the financial sector, looking after the stability and efficiency of the financial system, as well as consumer protection. Subordinate to the Ministry of Finance, FI authorizes and controls all companies participating in the country’s financial markets.
In the context of providing payment services, FI plays an important role in the authorization process. According to the Payment Services Act, companies with a turnover in payment services exceeding 3 million euros per month must obtain authorization and are recognized as payment institutions. Those with turnover below this threshold can apply for an exemption from authorization and become “registered payment service providers”.
In relation to the issuance of electronic money, the FI also carries out authorization in accordance with the Electronic Money Law. Organizations issuing electronic money and having an average turnover of more than 5 million euros require permission to carry out operations. Such companies are recognized as issuers of electronic money. Those with turnover below this threshold can apply for an exemption from authorization and become “registered issuers.”
Both categories, payment institutions and electronic money issuers, are also subject to the Anti-Money Laundering and Anti-Terrorist Financing Act, including the requirements of the EU Anti-Money Laundering Directive aimed at preventing these crimes in the financial sector.
FI reviews applications for the option to obtain a SEMI license in Sweden within three months, subject to completeness, correct completion and payment of a fee. In general, the licensing process takes between 9 and 12 months due to detailed assessments and requests for additional information.
Our specialists will accompany you during interaction with the regulator and take on this difficult stage. We also can offer you a lucrative opportunity to get a ready-made SEMI license in Sweden for sale. We will provide you with professional assistance in obtaining a SEMI license in Estonia, Latvia, Germany and other countries.
We provide support in the process of obtaining a license for digital banks, e-wallets and acquiring businesses with an emphasis on digital banking. Our company is also ready to provide you with a Sweden SEMI licensed company for sale and favorable offers for purchasing a ready-made SEMI license in the Czech Republic, Lithuania, Portugal, Switzerland and other jurisdictions.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.