As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
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1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
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An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
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+1 (888) 647 05 40This jurisdiction is quite attractive for starting a business project, as it offers favorable tax conditions, has a stable economic base and provides comprehensive support for start-up entrepreneurs. Many businessmen also prefer Lithuania for expanding their business. In addition, the country has shown significant commercial growth and progress in recent years.
Our company is made up of highly qualified professionals with a huge amount of specialized knowledge and experience in the field of establishing and licensing companies. We work all over the world. Our company is ready to offer you comprehensive support in getting an SPI-license, as well as provide a ready-made version of SPI license in Latvia for sale.
According to the legislation on payment services and electronic money in Latvia, there are no charges for the registration and licensing of payment services or electronic money. In accordance with this law, the fully-authorized payment institution is required to have an initial capital of at least the following at the time of making the decision to issue a license. Nevertheless, SPIs aren’t needed to possess specifically determined capital.
Let’s take a closer look at these subparagraphs:
To license such a company, you need to contact the regulatory authorities. The verdict on the license is issued within 3 calendar months after submitting the entire package of required papers. If the regulator decides to refuse permission to operate, it will indicate the exact reason.
Therefore, a fairly profitable solution is a ready-made company with Latvia SPI license company for sale. Our company will provide you with full comprehensive support during the transaction, and we will also tell you about TOP-5 best jurisdictions for getting SPI-license.
In the annual report and consolidated annual financial statements of SPI, a company in Latvia must disclose information about all payment services provided and the total volume of settlement transactions carried out for the year. It is also required to report the amount of e-money outstanding at the end of the year, including both the total e-money balance held by the institution and the amount that has been transferred elsewhere but not yet debited, as of December 31 of the year. The reporting period of the institution must coincide with the calendar year.
In accordance with the legislation on payment services and electronic money, there is no charge for registration and licensing of payment services or electronic money. However, the institution is required to pay quarterly fees to the commission:
To get SPI license in Latvia is a task that requires experience and knowledge. With our help, this process will become more efficient and require minimal investment of time and money. Obtaining licenses in different countries of the world is one of the key areas of our work. We also have an excellent offer for ready-made Latvia SPI license company.
In Latvia, different types of financial licenses are issued depending on the planned activity. To get small payment institution license in Latvia, you must provide a certain set of documents.
It is also necessary to register a company in Latvia. All beneficiaries must have an economic education, at least 3 years of work experience and an impeccable reputation. Candidates for management positions must also be pre-approved by the regulatory body. The budget for applying for a license depends on the planned financial services. Obtaining a license is possible only if all requirements are strictly observed.
We are ready to offer you the option of company with SPI license for sale in Latvia. Our lawyers will provide you with full professional support at every stage.
To obtain small payment institution license in Latvia without experience and knowledge is difficult, so it is recommended to turn to professionals.
We’ll provide professional expert support, drawing on our knowledge and experience of global market trends. With our help, you can significantly speed up the process of obtaining a license and begin your successful activities in promising global jurisdictions.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.