Belgium stands at Europe’s crossroads, known for diplomacy – and for offering a legal refuge to people escaping political threats. Many asylum seekers in Belgium arrive not for opportunity, but for survival. They may have been persecuted for protesting, writing openly, joining movements, or simply holding an opinion that conflicts with those in power. When…
Political oppression is a great problem that can impact all of humanity around the globe. The government is usually turned against its citizens for expressing different views or beliefs; sometimes even undertaking activities that could endanger the nation. That is why they can face an unfair trial, confinement, or even cruel treatment. Escaping oneself from…
Political persecution is a considerable matter which can influence people around the globe. Governmental body of the particular country takes an aim at the individuals who express their different opinion or belief. Sometimes these people can resort to actions which threaten the country one way or another. They can encounter unjust trial, confinement, or even…
Political oppression is a considerable issue that can have an impact on people around the world. Governmental body of the particular country takes an aim at those who express their different viewpoint or belief. Sometimes these people can resort to actions which threaten the country one way or another. They can encounter unjust trial, confinement,…
If you need to start working in the UK without waiting months for paperwork, a ready-made UK company with bank accounts for sale might be exactly what you’re looking for. We’re selling an established private limited company, fully registered in 2023, complete with working bank accounts and a UK address. Buy Ready-Made UK Company with…
An excellent opportunity to acquire a fully licensed and operational Virtual Asset Service Provider (VASP) company in Lithuania. The company is structured to serve both B2B and C2B segments, offering crypto payment and exchange solutions via a scalable and compliant infrastructure. Key Features of this Lithuanian VASP: Regulatory and Company Setup License: VASP License issued…
We are pleased to offer an ELI corporate services package in the United Arab Emirates for sale for those seeking to establish or scale operations in the UAE – one of the world’s fastest-growing business ecosystems. Whether you are launching a startup or expanding your global presence, our turnkey support ensures a seamless market entry,…
A ready-to-operate Polish company is now available for acquisition, offering a fast and efficient market entry. This is an ideal solution for investors and entrepreneurs seeking an established structure with active banking and management in place. Key Features of this Polish Ready-Made Company Date of Incorporation: February 2022 Company Activity: General Trade Director Services: Included…
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+1 (888) 647 05 40Electronic money is a fairly new method of payment, but now it is increasingly conquering the world.
The use of electronic currency was made possible thanks to the development and implementation of innovations in payment technology. More and more banks and organizations are switching to financial transactions through electronic money.
Companies have every right to accept and transfer virtual currency solely on the basis of special licenses.
Financial experts suggest that in the near future, electronic money will replace other forms and take a stable leading position. In support of this, there are a number of indicators:
But not all large companies and holding companies trust virtual currencies, as a prerequisite is the issuer’s license, which allows to prove its viability and security.
In order to obtain such a permit, strict compliance with the conditions and the mandatory passage of an audit are required in accordance with the legislation of the jurisdiction in which electronic money transactions will be conducted.
All electronic money has a direct impact on the financial turnover in countries. Every day the percentage of electronic payments and transfers is growing. That is why decisions were made to monitor and regulate the actions taken with virtual currency.
Legislative control helps to reduce the risk of laundering money obtained illegally, and create a safe system for the use of electronic funds.
In the countries of the European Union, work with electronic money is considered illegal without a license. Obtaining this permission proves full compliance with all necessary safety requirements.
Also, having a license allows you to carry out financial activities throughout the European Union.
To organize work on servicing the turnover of electronic money, the company must issue a permit.
Firms that open electronic wallets and issue credit cards (except banking institutions) are also subject to mandatory licensing.
To obtain this document, the company must comply with a number of requirements. There are also several types of licenses. All of them are intended for companies of various types and types of activities.
Upon receipt of a permit, the issuer pays a state fee, the amount of which varies, based on the legislation of the country and the type of company.
EU law governs the acquisition of an authorization document when all conditions are met. The company is obliged to strictly adhere to the current law adopted in the jurisdiction.
The bulk of the recipients are licensed in one of the countries of the European Union, as this makes it possible to offer their services throughout the EU after certification. And also such a license is a kind of sign of quality and reliability.
Some jurisdictions offer doing business on mutually beneficial terms. These include:
Thus, countries encourage companies to go through licensing with them.
If the organization fully complies with all the characteristics, it starts preparing a package of documents and transfers them to the regulatory state body of the country, where the application will be considered.
The duration of this operation can be from 1 to 12 months. The literacy of the submitted application and the volume of documents submitted are taken into account.
Companies that receive EMI approval, for the most part, have experience in this field and are fully compliant with all necessary standards. Such companies either expand their activities or undergo a reorganization procedure.
The most common problem for such firms are employees. It is very difficult to ensure the recruitment of qualified personnel, but this is a necessary condition.
The state body performing the audit will definitely pay attention to the company specialists. They check their level of knowledge and qualifications, as well as their experience in this field. The directors of the company are also undergoing a serious check.
If assistance is required in obtaining a license, you should contact qualified lawyers. Their experience and skills will help start-up companies go all the way with minimal time costs.
Eternity Law International specialists will be happy to рrovide you with assistance in choosing a country, fully carry out the process of collecting documents and submitting an application. We guarantee full support.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.