EMI (Electronic Money Institution) is a payment organization that has permission to issue its own electronic currency, its distribution and exchange for fiat currency. The implementation of such an idea should be carried out taking into account all the subtleties of the project, taking into account the peculiarities of the jurisdiction and the list of services that the company is going to provide.
With vast experience in supporting financial projects, we can offer a client almost any EU country to obtain a payment system license.
Great payment processing mechanism for European and global community. Licensed payment establishments are ideal solutions for financial services providers, FinTech structures, start-ups processing transactions and money transfers of individuals, organizations, and internet traders. Payment establishments are classified as popular official permission for offering payment solutions for European net stores. EU Payment Services Directive implemented in 2007 describes the legal grounds to European payments field.
Services provided by the Payment Institution
Equity capital from EUR 20 000 to EUR 125 000. Limits of Small Payment Institution (SPI) are territories of countries where it is issued. Also, the main criterion by which a company can obtain this license is its annual turnover. The SPI license is issued only to those companies whose annual turnover of funds does not exceed 3 million euros.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.