EMI And PI In Cyprus
AEMI license obtained in Cyprus will allow you to provide such services: e-money issuing and redemption, operations required for operating a payment account, cash withdrawals from a payment account, execution of payment transactions, issuing of payment instruments and/or acquiring of payment transactions, money remittance and other.
Requirements for EMI
- Initial capital should be at least EUR 350,000;
- Provide details of services you want to provide;
- Prepare a business plan;
- Provide information about security measures;
- And other documents.
API license obtained in Cyprus will allow you to provide such services: operations required for operating a payment account, execution of payment transactions, execution of direct debits, including one-off direct debits, execution of credit transfers, including standing orders, issuing payment instruments or acquiring payment transactions, money remittance etc.
Requirements for PI
- Initial capital should be at least from EUR 25,000 to EUR 125,000;
- Provide details of services you want to provide;
- Prepare a business plan;
- Provide information about security measures;
- And other documents.
For EMI
TIME:
TIME: 12 months
FEE:
The total price will be provided after the application
For PI
TIME:
4-5 months
FEE:
The total price will be provided after the application