Financial license
UniversePAY provides licensing in more than 12 countries
EMI And PI In Ireland
Digital Bank Licenses-
DIFC In The UAE
Digital Bank Licenses -
EMI In Romania
Digital Bank Licenses -
EMI And PI In Czech Republic
Digital Bank Licenses -
EMI And PI In Cyprus
Digital Bank Licenses -
EMI And PI In Malta
Digital Bank Licenses -
EMI And PI In Lithuania
Digital Bank Licenses -
EMI And PI In The UK
Digital Bank Licenses -
EMI And PI In Singapore
Digital Bank Licenses -
MSB License In The USA
Digital Bank Licenses -
MSO License In Hong Kong
Digital Bank Licenses -
MSB License In Canada
Digital Bank Licenses -
PI And EMI Licenses In Spain
Digital Bank Licenses -
EMI IN ESTONIA
Digital Bank Licenses
EMI in Estonia
An EMI license in Estonia allows a company to launch a payment system (PI) and a payment system with the possibility to issue virtual currencies (EMI), for example, a system for processing online payments.
Requirements
- Registered company in Estonia with an office in the country.
- A business plan with a full list of planned services and financial indicators.
- An operational plan reflecting the scope of electronic money services;
- The authorized capital – 350,000 EUR.
- Directors and managers of companies shall:
- Be residents of Estonia;
- Have an impeccable reputation (i.e. not to have a criminal record)
- Possess the necessary education (i.e. have a diploma of financial education recognized in Estonia and have at least 3 years of work experience in the field of finance);
- Submit the PSD Individual Form (the form contains basic information about the individual who carries out or is allowed to manage the company).
- The appointment of an Estonian auditor.
TIME:
Obtaining EMI-license (6-12 months)
FEE:
90 000 euros, which includes legal support, the formation of an application and the preparation of legal documentation.
EMI in Singapore
Electronic money (e-money) institution (or EMI) is a licensed financial institution which allows to provide financial services with e-money and payment operations.
Besides that EMI in Singapore allows the company:
• Remote account opening
• Authorized payments to banks around the world in USD/EUR/GBP and other currencies;
• Payments from any international account in the SWIFT;
• Correspondent accounts opening around the world.
Requirements
- Initial capital not less than 260 000 US dollars;
- The board of directors should include:
- At least one executive director should be a citizen of Singapore or have a permanent residence permit in Singapore
- At least 1 non-executive director who is a citizen of Singapore or have a permanent residence permit in Singapore
- At least 1 executive director who is a Singapore Employment Pass Holder.
TIME:
Applicants usually receive an answer within 4-6 weeks after submitting an application.
FEE:
From 26 000 euros.
PI and EMI licenses in Spain
PI and EMI licenses are those legal persons that have been granted authorization for the provision of payment services. The bank of Spain is responsible for the granting of authorization to a payment institution.
Requirements
- Incorporation as any kind of valid mercantile company;
- Registered office, management and administration on the territory of Spain;
- Share capital of 125,000 Eur for API, and 350,000 Eur for EMI;
- Partners owning significant shareholdings shall be suitable, in accordance with the provisions of article 17 of RDL 19/2018;
- Directors, general managers/assimilated officers should have knowledge in the performance of payment services.
MSB license in Canada
MSB license in Canada allows providing the following services: foreign exchange dealing; money transferring; issuing or redeeming money orders, traveller’s cheques or anything similar; money orders or bank spending; check cashing; operation of ATMs; dealing in virtual currency, namely virtual currency exchange and virtual currency transfer services.
Requirements
- Applicant should be a person obtaining a license – director, representative, or financial services partner of a limited liability company in Canada.
- There are no residency requirements for shareholders.
- Director (at least one), must be a resident of Canada and / or have a work permit.
- Compliance Officer and AML Officer must have a residence in Canada, and two positions can be held by one person.
- Legal address is mandatory in Canada. For companies managed and owned by non-residents of Canada, the most convenient province to register a company is British Columbia with an address located in Vancouver.
- No requirements for the amount and payment of the authorized capital.
MSO license in Hong Kong
Money Service Operators License (hereinafter referred to as the MSO license) is a license, which allows a company to provide: money Exchange Services; remittance services. Period of license validity: 2 years.
Requirements
- Applicant can be a limited liability company in Hong Kong, unlimited company in Hong Kong, foreign company (but address in Hong Kong is required).
- Requirement for the participants of the company – there should be at least one shareholder (no residency requirements), at least one director (no residency requirements), a compliance officer and AML officer. For the last 2 positions one person can be hired.
- Obligatory legal address in Hong Kong (lease agreement required)
- No requirements for the authorized capital.
- AML/CFT policy and company business plan.
MSB license in the USA
United States of America are considered one of the most popular and reliable locations for obtaining a MSB license due to economic incentives the country offers. With MSB license you will be able to provide currency exchange services, money transfer services, ATM operations, virtual currency transactions and others.
Requirements
- Fill in registration form;
- Submit all required documents (such as estimate of business volume, list of agents etc.);
- Establish an AML program;
- And others.
AEMI in Singapore
Singapore is considered one of the most promising and reliable jurisdictions for obtaining an EMI license. With this license your business will be allowed to provide such services: payment transactions using a payment card, remittance of money, payment initiation, activities with e-money, operation of the payment systems.
Requirements
- Initial capital should be at least EUR 155,000;
- To have all required documents;
- Prepare a business plan;
- Submit a document that confirms the level of income;
- And others.
API in Singapore
Singapore is considered one of the most promising and reliable jurisdictions for obtaining an API license. With this license your business will be allowed to provide any kind or number of payment services, including operations with cryptocurrency.
Requirements
1. Initial capital should be at least EUR 62,000;
2. To have all required documents;
3. Prepare a business plan;
4. Submit a document that confirms the level of income;
5. And others.
AEMI in the UK
AEMI license obtained in the UK 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, payment initiation services, account information services.
Requirements
- 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.
API in the UK
API license obtained in the UK 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
- 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.
AEMI in Lithuania
If you obtain an AEMI in Lithuania, you will be allowed 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
- Initial capital should be at least EUR 350,000;
- Submit all essential documents;
- Have a pre-application meeting with a regulator;
- Submit an application form;
- And other.
API in Lithuania
If you obtain an API in Lithuania, you will be allowed to provide such services: money remittance, payment initiation services, account information services, foreign exchange services, safe-keeping activities, storage and processing of data, operation of payment systems and other.
Requirements
- Initial capital should be at least from EUR 25,000 to 125,000;
- Submit all essential documents;
- Have a pre-application meeting with a regulator;
- Submit an application form;
- And other.
AEMI in Malta
With this AEMI license your business will be allowed to provide the following 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 etc.
Requirements
- Initial capital should be at least EUR 350,000;
- To have all required documents;
- Prepare a business plan;
- Submit a document that confirms the level of income;
- And others.
API in Malta
With this API license your business will be allowed to provide the following 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
- Initial capital should be at least from EUR 25,000 to EUR 125,000;
- To have all required documents;
- Prepare a business plan;
- Submit a document that confirms the level of income;
- And others.
AEMI 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
- 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 in Cyprus
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
- 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.
AEMI in Ireland
AEMI license obtained in Ireland 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
- 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 in Ireland
API license obtained in Ireland 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
- 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.
AEMI in Czech Republic
With this AEMI license your business will be allowed to provide the following 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 etc.
Requirements
- Initial capital should be at least EUR 350,000;
- To have all required documents;
- Prepare a business plan;
- Submit a document that confirms the level of income;
- And others.
API in Czech Republic
With this API license your business will be allowed to provide the following 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
- Initial capital should be at least EUR 125,000;
- To have all required documents;
- Prepare a business plan;
- Submit a document that confirms the level of income;
- And others.
EMI in Romania
EMI license obtained in Romania 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
- Initial capital should be at least EUR 350,000;
- A permanent office from the moment of foundation;
- An incorporation act of the company must describe the administrative organization along with the attributions of each body;
- The shareholders must designate at least 3 members for the board of directors;
- The company must have an internal auditor;
- And others.
DIFC in the UAE
DIFC license obtained in the UAE allows you to provide two types of services: organizing and consulting on monetary services, including payment initiating services; providing monetary services, such as providing money transfers, issuing stored value, providing and managing a payment account, issuing payment instruments.
Requirements
- Initial capital for organizing and consulting on monetary services should be at least USD 10,000;
- Initial capital for money transfer services should be at least USD 140,000;
- Initial capital for providing and managing a payment account, issuing payment instruments should be at least USD 200,000;
- Initial capital for issuing stored value should be at least USD 500,000;
- To have an office;
- To have all required documents;
- Prepare a business plan;
- Submit a document that confirms the level of income;
- And others.
DIFC in the UAE
DIFC license obtained in the UAE allows you to provide two types of services: organizing and consulting on monetary services, including payment initiating services; providing monetary services, such as providing money transfers, issuing stored value, providing and managing a payment account, issuing payment instruments.
Requirements
- Initial capital for organizing and consulting on monetary services should be at least USD 10,000;
- Initial capital for money transfer services should be at least USD 140,000;
- Initial capital for providing and managing a payment account, issuing payment instruments should be at least USD 200,000;
- Initial capital for issuing stored value should be at least USD 500,000;
- To have an office;
- To have all required documents;
- Prepare a business plan;
- Submit a document that confirms the level of income;
- And others.
DIFC in the UAE
DIFC license obtained in the UAE allows you to provide two types of services: organizing and consulting on monetary services, including payment initiating services; providing monetary services, such as providing money transfers, issuing stored value, providing and managing a payment account, issuing payment instruments.
Requirements
- Initial capital for organizing and consulting on monetary services should be at least USD 10,000;
- Initial capital for money transfer services should be at least USD 140,000;
- Initial capital for providing and managing a payment account, issuing payment instruments should be at least USD 200,000;
- Initial capital for issuing stored value should be at least USD 500,000;
- To have an office;
- To have all required documents;
- Prepare a business plan;
- Submit a document that confirms the level of income;
- And others.
Benefits to obtain license with UniversePAY
Possibility to send money to 50+ countries
Make transfers to friends, relatives, or partners worldwide.
Multi-currency transfers
No additional costs for currency exchange in your budget.
Fixed low transaction costs
Your budget is always under your control.
Constantly adding new countries
Haven’t found the country you need? No worries, we’re working on it.
High level of security
Security comes first in the payment sphere, that’s why we apply reliable technologies for all our services.
24/7 support
Our professional team is always available to assist you at any time of the day.