Navigating the regulatory landscape for financial service licenses can be challenging, but I’m here to simplify the process for you. Whether you’re looking to obtain an Electronic Money Institution (EMI) license or a Payment Service Provider (PSP) license under the EU's Payment Services Directive (PSD2), I provide tailored assistance to help your business comply with regulatory standards worldwide.
Let’s break down the steps and requirements, and how I can assist you in achieving your licensing goals, particularly across Europe.
Obtaining an EMI License in the EU
An EMI license authorizes businesses to issue electronic money and provide payment services across the European Union. However, obtaining this license requires meeting stringent regulatory requirements:
Registered Entity: Your business must be registered in an EU jurisdiction where you plan to apply for the license.
Initial Capital Requirement: You need at least €350,000 in initial capital, demonstrating your business’s financial stability.
Compliance with PSD2: The Payment Services Directive (PSD2) governs EMI licenses, and compliance includes adhering to regulations for:
Key Personnel and Documentation: Your business must appoint qualified personnel, including compliance officers, and submit detailed documentation, such as:
Obtaining a PSP License in the EU
A PSP license enables businesses to provide payment processing services, such as executing transactions and managing customer accounts. To obtain this license under PSD2:
Registered Entity and Initial Capital: Your business must register in an EU member state, with capital requirements depending on the specific services offered.
Regulatory Compliance:
Key Documentation: Prepare a comprehensive application that includes:
Tailored Guidance Based on Your Business Structure
Whether you are already registered in Italy, the US, or elsewhere, I can provide personalized assistance:
For Businesses Registered in Italy: Italy's regulatory framework for PSD2 requires thorough documentation, compliance checks, and capital fulfillment. I can guide you in preparing your compliance documents, operational frameworks, and risk assessments to meet Italian standards.
For MBS-Registered Businesses in the US: While you operate in the US, expanding into the EU market requires aligning with PSD2 directives. I can assist in identifying the best EU jurisdiction based on your operational goals and ensure your US compliance aligns with EU standards.
Why Work With Me?
Global Expertise: I specialize in assisting businesses worldwide in obtaining financial services licenses.
Regulatory Insight: With in-depth knowledge of PSD2 and AML regulations, I ensure your application is thorough and compliant.
Tailored Solutions: I provide customized strategies based on your business model, jurisdiction, and operational goals.
Streamlined Processes: From initial registration to submitting your application, I guide you through each step, ensuring efficiency and clarity.
Next Steps
To begin, let me know:
Your business structure and registration details.
Your preferred EU jurisdiction for licensing.
Whether you’re seeking EMI, PSP, or both licenses.
With this information, I’ll craft a detailed action plan tailored to your specific needs. Contact me to discuss your licensing journey, and let’s ensure your business operates seamlessly within the EU regulatory framework.
This is your opportunity to expand into the thriving EU financial market with the right licensing support. Let me help you build a compliant and successful financial services business.
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Disclaimer
The information provided in this article is for general informational purposes only and does not constitute legal or financial advice.
Author & Crypto Consultant
Shahid Jamal Tubrazy (Crypto & Fintech Law Consultant)
Shahid Jamal Tubrazy, a certified top expert in Crypto Law from Duke University, is a leading authority in the cryptocurrency and blockchain space. As a seasoned Fintech lawyer, he offers a full spectrum of services, including licensing, legal guidance for ICOs, STOs, DeFi, and DAOs, as well as specialized expertise in crypto mediation, negotiation, and mergers and acquisitions. With a proven track record and published works on Blockchain Regulation and Cryptocurrency Laws, Shahid provides unparalleled insights into the complexities of the fintech world, ensuring compliance and strategic success. 🌐💼 #CryptoLaw #Fintech #Blockchain #LicenseServices #CryptoMediator #MergersAndAcquisitions #CryptoCompliance #FrozenAssetsrecovery.
EMAIL: shahidtubrazy@gmail.com
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