Licensed Small Payment Institution in Poland for sale

Price:

35k euros including registration of changes and bank account in 3 weeks.

License:

The Company has a small Payment Institution license.

Crypto services can be provided as a supporting activity to the payment services. Conditions apply.

Year of registration – 2020.

Company is eligible to provide:

• online banking services
• money remittance
• payment gateway
• cards issuing
• has a permission to keep clients funds

No debts, no arrears, 100% good standing.

Current director & office can stay.

Limits of the Small type of license:

• Company shall have 10-30% local clients from Poland (we can help with fulfillment by using partner supporting local companies on a request).
• Monthly turnover limit in fiat money 1.5m euros (if large turnover expected, we can create the same company for 25k in 3 months to divide a cashflow).
• Client’s account balance cannot exceed 2.5k euros (transit or exchange operations of bigger amounts without holding money are fine).

Requirements:

• Local director. We provide unique real executive director with experience and reputation, salary 3k euros/month. To avoid any risk for license and bank account, the buyer will be a shareholder (with full access to bank accounts) and local director will stay as responsible person to banks and regulator.
• AML officer. If needed, provided executive director can take this function too for additional 1k euros/month.
• Local office. We provide our premises for 1.5k euros/year.
• Monthly accounting – we provide. The price is calculated by the number of transactions, on average, with active activity 350 euros / month.

Timing:

Company transfer registration – about 10 days; registration of changes with regulator – about a month.

Available add-ons:

• Additional crypto friendly bank accounts
• Connection of merchant account & Cryptoprocessing
• White label online banking software
• White label Visa cards issuing
• Software development
• Crypto exchange service provider for resellers

The company is pre-approved for large turnover in Paribas Bank – one of the biggest banks in Poland. Once we transfer ownership, we will complete account opening with local director in 3 weeks. Additional bank accounts, connection of crypto and cards processing, software development – on a request.

With active operations, such company can generate about 20k euros monthly profit.

For more details: dmitriy.m@eternitylaw.com