AEMI license in Poland

Published:
March 13, 2023
aerial overhead shot modern architecture with skyscrapers other business buildings

Today’s country, which has been a member of the EU from 2004, when supplying the issue of virtual money and remittance systems, must be controlled by the Second Directive of Europe and the demands of the GDPR adjustment. At the state level, the monetary controller (Financial Supervision Committee) has not formed liberal or proscriptive terms, whereas in basic the powers have a negative attitude towards electronic money.

Overview

The state provides financial technology with a large proportion of skilled workers. In addition, the labor market is known for low salaries and professionals with relevant experience.

From the sustainable development of the country to the payment service habits of the population and the growing number of migrants in Poland and local residents emigrating to other countries constantly in need of currency exchange, there are several factors that make Poland an excellent market entry for both B2B and service providers B2C.

Who needs an Authorised e-money license in Poland?

Authorised electronic money institution license in Poland is required for firms that carry out transfers with virtual money in state. According to the legislation, firms that supply virtual payment favors(in particular, payment on the site), as well as companies that work with e-currencies, must obtain an AEMI permit.

How to obtain AEMI license in Poland

Obtaining the AEMI permit is a straightforward procedure. Interested businesses can contact regulator directly or apply for the permission online. The application process requires providing info about the biz, such as its name, address, and the type of activities it engages in. The business must also provide a list of audiovisual works and favors that it plans to use.

Demands

The permissing procedure for virtual money establishment should provide information that allows the identification of directors and persons who directly or indirectly have a significant stake in the firm, indicating the size of the stake they hold.

In addition, the electronic money establishment must supply the KNF with documents and info that will allow it to assess whether the organization and persons mentioned above guarantee the prudent and stable administration of the AEMI, in particular:

  • Legal papers that allow you to assess whether managers have the needed education and professional knowledge to manage the actions of issuing and redeeming electronic money;
  • Info on conviction for a criminal or tax offense, on parole and disciplinary proceedings with the request of sanctions, as well as other completed administrative and civil proceedings against the applier or interested persons.

What do you need to get AEMI license in Poland?

In order for a remittance structure to comply with the EU Second Directive, the following conditions need to be met:

  • Produce a business sample for the first 36 months of work and describe the construction, governance arrangements and tools of the PS;
  • Acknowledging the capabilities and knowledge of the Council in the field of finances and virtual money;
  • Proofs of the source of funding for the work;
  • Demonstrate that the firm has the technical capability to provide PS (software, server, etc.), and customer remittance are secured;
  • Develop guidance on averting money laundering and report risk administration systems;
  • Obtain processing license, etc.

Documents needed

  1. Legal address;
  2. Articles of association, articles of association or memorandum of association;
  3. A list of electronic money favors (and possibly remittance services) that it intends to supply;
  4. A program of operations and a financial plan for a period of at least 36 month, which shows that the applicant is able to use adequate and proportionate systems, resources and procedures necessary for the proper performance of its actions, according to which the program of actions and the financial plan also indicate the planned average amount of electronic money in circulation;
  5. Confirmation of the availability of own funds in the needed amount;
  6. A explanation of the risk administration and internal control system specified in clause 3 of part 1 of Article 64, including approved internal rules in this area;
  7. A description of close ties between the applicant and other subjects, if any;
  8. If the intention is to supply a payment transaction initiation service, a document confirming liability insurance, a bank guarantee, an insurance guarantee or any other guarantee of the user’s requirements.

What is covered by each category of info and documents listed in points above is provided by the current Regulation of the Minister of Finance, Funds and Regional Policy regarding the detailed amount of information and the type and form of documents attached to the request for permission to operate as a domestic remittance establishment from November 13, 2020 (Legal Gazette of 2020, item 2225), issued on the basis of Part 3 of Article 61 of the UUP.

Related insights

Exploring the Pros and Cons of Shelf Companies in the UK

Perhaps you relish a thought of starting a business in Great Britain. Then, buying a shelf company could be the first thing coming to your head. Being already incorporated, such “ready-made firms” have never been used. They’re waiting for their owner who can put them to work. It could be you.  For some entrepreneurs, such…

Read more 13.10.2025

New Swiss AML Rules 2025: Key Points You Need to Know

Switzerland has always been known for its stable and investor-friendly financial system. Nevertheless, for the last time, this country has been facing constant international pressure to make sure that the country’s financial strength is not used illegally for money laundering and terrorist financing. For nearly ten years, Swiss watchdogs have made a number of tweaks…

Read more 02.10.2025

Crypto License: Best Countries for Cryptocurrency Broker License & Registration

A solid legal foundation is essential in the world of digital assets. A crypto license is a key part of building a trusted business, and as rules become clearer, choosing the right jurisdiction is the first critical step. Many entrepreneurs look for a crypto exchange license for sale to accelerate their market entry. This guide…

Read more 02.10.2025

Legal Structures in Switzerland: Which Fits Your Business Model Best?

Starting a business in Switzerland gives you access to the safe and prestigious market. The first stage in choosing a legal settlement in this country is to decide the suitable legislative structures. This election dictates your fiscal liability, tax status, and daily operations. It sets the course for the future of your firm. While most…

Read more 30.09.2025

How to Choose the Best Canton: A Practical Guide to Swiss Taxation

The country’s unusual political organization grants its 26 cantons significant latitude over their tax laws. This generates a competitive marketplace in which there can be wide disparities in tax rates from one jurisdiction to another. Anyone wishing to live, work or invest in the country needs to know about these! Where you settle down is…

Read more 29.09.2025

Top 9 Countries With Best Offshore Bank Accounts For 2025

The current offshore banking model continues as a very effective measure for the security, diversification, and investment of wealth on a global scale. Extending an off-shore account in the right jurisdiction will provide benefits that range from greater privacy to tax benefits and access to a wide array of acquisition possibilities, depending upon whether one…

Read more 29.09.2025

FCA Work Programme 2025–2026: Key Priorities and Outlook

The Financial Conduct Authority, also dubbed FCA for short, plays a major role in shaping the British financial system. Its work program sets out the regulator’s priorities as well as its long-term strategy on an annual basis. For 2025–2026, the watchdog focuses on technology-driven oversight, stronger consumer protection, and also financial stability in a rapidly…

Read more 25.09.2025

UK Company Bank Accounts with Foreign UBOs: Key Success Factors

Opening a British company bank account has always been an object of interest for firms willing to build trust, access local clients, and also operate trouble-free in the European Union. However, there might be one difficulty. When the ultimate beneficial owners are represented by foreigners, the process can turn daunting. Being under strict regulatory pressure,…

Read more 22.09.2025

Best Countries in Europe to Obtain an Electronic Money Institution (EMI) License

In fact, the establishment of an Electronic Money Institution (EMI) can be a very wise move for the many fintechs out there searching for regulated access to the payments market of the EU/EEA with full passporting rights. The regulator of each country might have a totally different perspective on timelines, scrutiny, supervisory style, and post-licensing…

Read more 22.09.2025

UAE Free Zone or Mainland License? Choosing the Right Path for Your Business in 2025

When it comes to setting up a business, the UAE is right there among the world’s best. The vision of the emirates as a conduit to markets across the Middle East, Africa, and Asia has for time out of mind drawn entrepreneurs and investors alike—from Dubai’s bustling financial districts to the strategic global connections of…

Read more 22.09.2025

Puerto Rico IFE/IBE Update & Overview

Puerto Rico is one of the few US regions that offers an organized offshore banking structure with meaningful tax incentives. There are two routes available IFE and IBE. They give access to a 4 % tax rate and dividend exemptions for owners from abroad. Nevertheless, these two permits are created for diverse purposes and are…

Read more 16.09.2025

St. Kitts and Nevis: Your Premier Tax Haven in 2025

Nowadays, St. Kitts and Nevis is considered one of the most appealing places for protection of belongings and wealth structuring. The governmental body continues to maintain a low-regulation monetary environment and a steady regulatory climate for businesses for sale. Over the past ten years, it has quietly become a popular place for international companies to…

Read more 16.09.2025