EMIs (Electronic Money Institutions) are payment institutions authorized to issue their own electronic money, distribute the same online and exchange for clients’ fiat money. In order to incorporate a company and obtain an EMI license, one needs to consider project peculiarities and the nature of the services to be offered, and choose a jurisdiction that will help achieve the desired results promptly and efficiently.

With extensive experience in financial projects, we are capable of proposing a wide choice of countries suitable for the registration of payment systems. We offer electronic money licenses in European countries, including Lithuania, Malta, Czech Republic, Cyprus, Estonia, Bulgaria, Switzerland, Great Britain and Gibraltar, and outside Europe: Georgia, Hong Kong, Singapore and Belize.

Establishment of an e-money payment institution opens up great opportunities for doing business within Europe and beyond. An important benefit the European e-money license gives is the option of EMI license certification for the euro area.

The size of the authorized capital required in the EU for electronic money companies is 350,000 euro. However, a larger amount may be demanded to provide security for customers’ assets. On average, it takes 6 months from the date of company registration to obtain an e-money license in the EU.

The approach proposed by SBSB consists in end-to-end servicing of turnkey fintech projects, covering the selection of the jurisdiction for company incorporation, monthly legal support, tax burden calculation, design of payment systems software (e-money and PSP) and ultimately the full-fledged project launch.