EMI License
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EMI license lets your business issue electronic money, handle payments, and operate anywhere in the European Economic Area thanks to EU passporting. You’ll need at least €350,000 in capital, and the process usually takes between six months and a year. With this license, fintechs can launch digital wallets, prepaid cards, and payment processing products, all under strict EU regulations.
Legarithm handles the legal side from start to finish. We support EMI license applications in top European hubs like Lithuania, Cyprus, the Netherlands, and the UK, making sure you stay compliant and get authorized without the headaches.
Why you need EMI Lisense: Benefits
Legarithm helps businesses with legal services efficiently and in full compliance.
Get a competitive edge and build trust with our professional legal assistance. Access global markets and solid regulatory frameworks for legitimacy and growth. The first consultation is free.
Legarithm services in EMI licensing
EMI license application strategy and jurisdiction selection
We analyze your business model and target markets to recommend optimal jurisdictions among Lithuania, Cyprus, Netherlands, UK, and Spain, considering regulatory timelines, costs, tax environment, and passporting strategies.
Preparation of documentation and application
Our team prepares all required documentation including business plans, financial projections, risk management policies, AML/CFT procedures, IT security architecture, safeguarding mechanisms, and organizational structure meeting regulator expectations.
AML/KYC framework
We develop Anti-Money Laundering and Know Your Customer policies compliant with AMLD6, establish transaction monitoring systems, and implement customer due diligence procedures meeting regulatory standards.
Post-licensing compliance and ongoing support
Our services extend beyond approval to include ongoing compliance monitoring, regulatory reporting preparation, annual audits, passporting notifications for cross-border operations, and guidance on regulatory developments.
Banking, substance and real-world operations
Banks dive deep into KYC, especially if your ownership structure is complicated. They’ll ask about beneficial owners, even if those people have nothing to do with Cyprus. What really matters to local banks? Your story. They want to know what you actually do, where your revenue comes from, why you’ve picked Cyprus for your operations, and how you’re handling AML compliance.
Frequently Asked Questions
Still have questions?
What does an EMI license allow?
EMI licenses enable fintechs to operate digital wallets, prepaid cards, and payment platforms legally across Europe.
What are EU passporting rights?
EU passporting allows an EMI licensed in one EU/EEA member state to provide services across all 30 EU/EEA countries without obtaining separate licenses. After home state authorization, you file passport notifications with target country regulators to operate there. This eliminates duplicate licensing costs and enables pan-European expansion from a single license. UK EMI licenses lost EU passporting after Brexit, requiring separate EU and UK licenses for both markets.
How long does the EMI license application take?
Standard timelines range 6-12 months from submission to authorization. Lithuania and Estonia process applications in 6-9 months; Netherlands and UK require 9-12 months. Incomplete documentation or governance issues can extend timelines to 18 months. The process includes pre-application consultation, formal submission, regulator review with clarification rounds, capital verification, fit-and-proper assessments of directors, and final authorization. Well-prepared applications with legal counsel achieve faster approval.
We Are Always Available
Our team ensures your business setup is smooth, efficient, and compliant with local laws. Contact us today to discuss your project.
Cyprus, Limassol
Arch. Makarios Av. III, No. 1-7, Mitsis Building 3, 3rd floor, Office 302, 1065 Nicosia
Estonia, Tallinn
Tallinn, Harju maakond, Lasnamäe linnaosa, Ruunaoja tn 3, 11415
UAE, Dubai
Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, UAE
Ukraine, Kyiv
Kyiv, Mykhailo Boychuk Street, Office 3011, 01103, Ukraine
United States, New York
228 Park Ave S, New York City, New York, 10003, USA
Get in Touch
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