Electronic money
Electronic money is very popular today for conducting banking transactions.
Experts predict that in the future, electronic money will completely replace its paper equivalent.
The future of electronic money
Electronic currency has a number of advantages, such as:
- it does not require exchange
- instant transfers
- ability to have an unlimited number of currencies
- high level of security
Our company will help you apply for a special license for electronic money, which will allow you to enjoy all the benefits of the latest scientific achievements.
Where and why to get a license for electronic money?
Having a license to issue electronic money can once again confirm the reliability of your company in the eyes of your partners.
We help to obtain a license in a large number of both offshore zones and countries with preferential taxation. Among the favorites today:
- Baltic countries (Lithuania and Latvia)
- Czech Republic
- Great Britain
- Cyprus
- Germany
- Malta
- Panama
This is just an approximate list of countries, you may check with our specialists for more information. During the consultation, you will learn many subtleties of obtaining a license in various countries and will be able to choose the most suitable option.
Peculiarities of obtaining a license
Different jurisdictions put forward their own requirements for companies and business owners. Sometimes internal control of documents is applied, sometimes the assets of the owners are checked. In any case, each country has its own regulations and it is important to comply with them.
A big plus of a license obtained in one of the EU countries is that it can subsequently be used in all member states of the European Union.
How to get a license as soon as possible?
The process of obtaining a license will be very simple if you contact our specialists. To do this, you can contact us or leave a request on the website.
After receiving detailed advice, our lawyer will send you a full set of documents for the jurisdiction of your interest with comments on the difficult points.
To get the most comfortable time frames, we recommend that you strictly follow the procedure and recommendations. In this case, the result will not be long in coming.
How much does a license cost?
Unfortunately, there is no single figure as such. Depending on the jurisdiction (for example, with preferential taxation or with zero taxation), the final cost will be formed (including the need to register a company, submit reports, etc.).
Since licenses for virtual money have appeared relatively recently, many countries are still making adjustments to their legislation.
Some conditions for obtaining a license in a country of the European Union:
- The company must have a minimum of three directors
- Both the director and shareholders must have experience in the financial field
- Some jurisdictions require an office and a certain number of employees
* This requirement is put forward by some countries, if this does not suit you, we can find you a jurisdiction that is more loyal to this issue. - ⦁ Shared capital in most cases depends on the size of the business and the field of activity.
On average, small firms are required to have shared capital of about 50,000 euros, larger ones – 100,000 euros. - Payment of application fee and annual license fee.
- Provide a development plan for the company.
We provide services for guaranteed obtaining a license for electronic money in any jurisdiction. Usually, after a detailed consultation, there is a check of the company’s business plan plus a check of the composition of directors.
Our specialists will be happy to provide you with professional assistance in solving your questions and will conduct a free consultation, where you can ask all your questions.
Oleg Venediktov
General counsel of VIP Departament
Also, our company provides licensing services for various types of activities
You can get additional information by phone:
+35725263434 or email: assist@legalawyers.com
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