Organizations dealing with virtual monetary forms are firms offering specific services and being engaged in e-funds handling and processing. Holders of a permit as AEMI license in Lithuania get official right to conduct business-activities throughout entire EEA without necessity to get supplementary permissions in other countries.
It’s also possible to get a limited permit, with which it’s permitted to offer services in jurisdiction for an amount not exceeding 5 million euros per year. Entrepreneurs who want to start their business-activities as soon as possible, while avoiding challenges that may arise during licensing, can buy e-money institution in Lithuania.
Privileges of ready-made AEMI-license in Lithuania
A firm obtaining this permit may grant its clients a wide range of services, particularly, monetary means transfers worldwide. Such business-structure has abilities to run next-mentioned operations:
- SWIFT-transfers;
- formation and assignment of a personal IBAN number;
- opening and maintenance of accounts for entrepreneurs and firms;
- bank-payments in USD/EUR/GBP, etc.
Requirements for AEMI-license in Lithuania
It’s quite difficult to obtain AEMI-license in Lithuania, nevertheless, entrepreneurs may do it in case of meeting all rules and normative points.
- Directors and shareholders must possess appropriate professional background and expertise.
- Starting capital is 350 thousand EUR.
- Official confirmation of the source of funds used as starting capital is needed.
- Absence of disputes and any misunderstandings with regulatory authorities of EU.
- Get a physical office locally.
To get AEMI-license in Lithuania
Businessmen need next-mentioned.
- Statute.
- Business-plan with forecasts, prospects and budget allocation for 3 years.
- Confirmation of starting capital availability and payment.
- Inner measures and security policies.
- Monitoring and controlling schemes.
- Shareholders’ personal data.
- Directors and responsible persons information.
- Data about organization implementing audits for organization intending to get permission.
- Office address.
Additional documentation, in particular, lease agreements for premises, etc., must also be sent to regulative authority.
To avoid possible difficulties, misunderstandings, and most importantly, refusal to get a permit, you can resort to such variant as Lithuanian AEMI-license for sale. This’s a completely ready-to-use project being able to be launched at any time.
Authorized e-money licenses in Lithuania: whole licensing
After documentation is sent, regulative body takes them into consideration. The term for approval is about 3 months. Central Banking authority may require supplementary documents, and countdown of consideration period begins anew.
Licensing steps
- Establishment of local firm and preparation of appropriate documentation: registration of address, get local tax number, arrange office-premises lease, etc.
- Next, you should prepare personal information and conduct KYC of directors and beneficiaries. You will need a certificate of incorporation, a power of attorney, details of shareholders, a company Statute, technical certificates for an e-wallet, income statements for recent years, data of heads and AML-certificates.
- At this stage, you need to draw up all financial reports, as well as create banking account.
- Final step is to send documents to regulatory body.
You can use ready-made variant and buy a company with AEMI-license in Lithuania. Our experts possess vast expertise in this area and find individual approaches to each client. We’ll not only prepare the documentation for you, but also assist at every step of licensing, as well as give advice on any issue.
