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Luxembourg e-money license

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Obtaining an E-money license in Luxembourg

Benefits of obtaining a license in this jurisdiction:

  • Luxembourg is a global financial center and a member of the European Union;
  • Luxembourg’s electronic payment market is growing rapidly;
  • State authorities have a positive attitude towards foreign investors;
  • A license applies to all EU countries;
  • A payment system license in Luxembourg is in high demand among entrepreneurs.

A term for obtaining a license is from 4 to 12 months

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If you decide to obtain a license for a payment system in Luxembourg, this will be a good decision for your business. This jurisdiction has created a number of comfortable conditions for doing business, and state authorities have a positive attitude towards foreign investors.

To obtain an e-money license in Luxembourg, you must contact your local FCA regulatory authority. The country is a member of the European Union and carries out licensing in accordance with all EU standards.

This includes the following criteria:
  • the combating money laundering and combating the financing of terrorism;
  • a proper control of financial operations;
  • a compliance of services with quality standards;
  • the ensuring the security of funds owned by EU residents.

If you need an EMI license in Luxembourg, then our lawyers will be able to help you in its registration.

To obtain licenses in Luxembourg you will need:
  • to confirm that the future payment system has all the necessary technical capabilities;
  • to describe a security policy;
  • to provide a business plan for several years;
  • to confirm the qualifications of managers and supervisors (an education, the experience in e-commerce);
  • to confirm the absence of a criminal record.
What you need to issue a license for a payment system in Luxembourg?

Contact us to prepare the necessary documents, professional advice and support at all stages of the process:

  • To register a company in Luxembourg (the most popular SICAR - similar to LLC - denominations are allowed).
  • A real office in Luxembourg.
  • The minimum registered capital is 350,000 euros.
  • A number of directors is minimum 3.
  • One of the directors (required) is a resident, an individual.
  • You need to keep accounting.
  • A number of shareholders is at least 1.
  • You need to open a bank account in Luxembourg.

After the above requirements are met, and the state duty is paid - the Commission proceeds to consider the application. This stage takes up to 12 months.

To minimize the risk of failure - contact us, using any convenient feedback form. We will help you to draw up the document and to obtain permission for the payment system.

Read also:
Obtaining a license for electronic money in Luxembourg remotely

To issue a license for the payment system in Luxembourg, you need to take into account all the nuances of doing business in this jurisdiction. Our lawyers will help you with this. In addition, we can offer to issue an EMI license in any jurisdiction, where it is allowed at the legislative level and which will be most suitable for your business.

You can get more details by contact numbers, which are indicated on our website, or during a personal meeting with our employees.

  • The information outlined in the article is actual at the time of its publication.
  • Please refer to our specialists for checking possible solutions for your business.
  • Still have any questions?

    Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.

Are you interested in qualified advice from our specialists on this matter?

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