More and more of our clients wants to start EMI business but are rebutted by the prices of existing licenses or by the time needed to start one from scratch. Fortunately, there is a solution, Lichtenstein where it is possible to register a new EMI from scratch in 4 to 6 or 8 months to the maximum depending on how quickly the client work with us. Do not hesitate to contact me at connect@fintechsetup.com or md@swissfintechpro.com for more information on this matter
Where we are?
Starting an EMI business is more complex than it uses to be. Buying a ready made has become nearly impossible with asking price above 2,000,000 Euros for just a company and a license no other features. Besides the buyer will have to provide the same documents to buy an EMI than to do one so what the point? Registering a new EMI has become more complex and more time consuming in jurisdiction than was once a favourite place the whole process taking from 10 to 14 months.
Why Lichtenstein?
Firstly, because Lichtenstein is a well-known financial destination. Also, as a member of the EEA, Liechtenstein – together with Norway and Iceland – participates in the four economic freedoms (services, capital, persons, goods) within the EU. As a result, European guidelines, ordinances and directives concerning banking, alternative investment funds, UCITs, asset management and all the other financial market aspects in Liechtenstein are regulated according to EU legislation. As such, Liechtenstein has a European passport for its financial market companies as well as for its financial market products.
What can a Lichtenstein EMI do?
| TYPE | PAYMENT INSTITUTIONS |
| Type 1 | Electronic Money Institution |
| Capital | 350,000 Euros |
| Services that can be licensed | 1) services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account; |
| 2) services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account; | |
| 3) execution of payment transactions, including transfers of funds on a payment account with the payment service provider of the payment service user or with another payment service provider: execution of direct debits, including one- off direct debits, execution of payment transactions through a payment card or a similar device and/or execution of credit transfers, including standing orders; | |
| 4) execution of payment transactions where the funds are covered by a credit line for a payment service user: execution |
| of direct debits, including one-off direct debits, execution of payment transactions through a payment card or a similar device and/or execution of credit transfers, including standing orders; | |
| 5) issuing and/or acquiring of payment instruments; | |
| 6) money transfers; | |
| 7) execution of payment transactions where the consent of the payer to execute a payment transaction is given by means of any telecommunications terminal equipment, digital or IT device and the payment is made to the telecommunications network or IT system operator, acting only as an intermediary between the supplier of the goods or services and the payment service user. | |
| 8) Issuing Electronic Money | |
| Money Exchange | Money exchanged forex is included when for money remittance (for example client give Euros and want to transfer in USD) |
| Holding Client Funds | It can hold client funds |
| Passporting | Yes, can be passported in all EU |
| Monthly transaction limits | None |
Our proposal
We propose to assist you in establishing a Lichtenstein EMI as follows
It can be done in 4 to 8 months
Our fees all included are 250,000 CHF
Local CHF Payment
Swiss and Lichtenstein Banks are benefiting from SIX payment systems that operates, develops and digitalizes business and private payments for the Swiss financial center
For cross border Euro payments, Swiss and Lichtenstein Bank can participate to EuroSic, EuroSic participants can connect to TARGET2 at no additional cost, making it easier for EU partner institutions to route euro transactions from the eurozone into the EuroSic system. More than 80% of EuroSic participants benefit from this.
Urgent Payments: Through EuroSic Swiss and Lichtenstein institutions can send urgent cross-border payments to all TARGET2 participants irrevocably and unconditionally in real-time. EuroSic can also execute non-urgent euro payments – from Liechtenstein for example – to both the German and pan-European bulk payment systems
For non-urgent euro payments up to EUR 50,000, EuroSic participants have two inexpensive options: payments to Germany via the intra-German bulk payment system and payments to other EU/EEA countries via the STEP2 system. EuroSIC participants from EU/EEA countries automatically receive euro payments from STEP2 (SEPA) via EuroSic as indirect STEP2 participants, making the routing of euro transactions easier for their partner institutions.
Do not hesitate to contact me at connect@fintechsetup.com or md@swissfintechpro.com for more information on this matter
