The UK is one of the most popular jurisdictions seeking to operate internationally. Opening a commercial structure in the UK is profitable, promising and prestigious. We can offer you an EMI license in UK for sale, as this permission is recognized in many European or Asian states.
What opportunities does the presence of an EMI license in British jurisdiction open?
Getting a license of electronic money establishment in England implies the possibility of providing a wide range of payment services within European Economic Area (EEA), as well as issuing digital money. The local financial controlling body – FCA, issues UK EMI license.
Having properly prepared an appeal to the FCA, organization officially declares its intention to obtain a permission to release digital money in England, thereby confirming its readiness to provide evidence of compliance with the requirements of the regulator. Since ready EMI license for sale is quite rare, a good alternative is to purchase a license from scratch according to the requirements of your business.
License allows you to proffer payment services (according to certain restrictions) and perform an emission of digital currency only within the United Kingdom. If a firm is afore an EMI license holder, it can apply for Authorized Electronic Money Institution in England (AEMI) permission. If you want to significantly simplify the task and speed up the procedure of getting the opportunity to launch your business, then EMI license for sale, which are fully prepared and customized to your demands, are the best option for you, and our specialists will kindly help you.
Requirements that you will have to face when obtaining an EMI license in England
As part of the application for a license for digital money in England, a number of documents, policies and procedures will need to be submitted, including the next ones:
- operations program;
- detailed business description and commercial plans;
- starting capital – at least € 350 thousand;
- it is necessary to prove the presence of capital, or provide evidence that it will be in place before authorization.
Capital requirement: at least 2% of the delinquent e-money amount. When the applicant’s commercial activity generates an amount of digital money equivalent to less than € 500 thousand, there are no capital demands.
Specialists make a decision on a license application within 3 months if there are no questions about the application. If the application is filled in incorrectly, then the decision may take up to 12 months.
The specialists of Eternity Law have extensive experience with the EMI licenses for sale, and they are ready to use all this experience to achieve an excellent result just for you. Eternity Law provides comprehensive assistance in accompanying the client in obtaining a license at every stage, that is, until the very end – before you become the direct owner of the coveted document. In addition, the company’s specialists provide detailed consultations on any issue that interests you.