EMI license in Portugal

August 15, 2023
aerial view garden morro vila portugal clear blue sky

The commerce domain is swiftly evolving with the upsurge of digital cash and virtual remittance systems. In this era of monetary innovation, EMI licenses have emerged as a pivotal enabler for offering electronic monetary alternatives. Portugal, with its progressive regulatory foundation, has positioned itself as an enticing location for commerces looking to get an EMI license in Portugal and tap into the flourishing digital finance trade.

EMI and its Benefits

An EMI is a category of financial institution that holds a special authorization permitting it to provide an array of automated monetary solutions. These solutions may encompass the establishment of digital wallets and online banks, although EMIs are not allowed to extend loans. Additionally, EMI permit holders enjoy the privilege of issuing either physical or virtual payment cards.

Advantages of EMI Portugal Licensing

Companies possessing an Electronic Money Institution license in Portugal enjoy akin rights to other monetary foundations and, in some instances, even broader opportunities. For example, legitimate entities with EMI licenses can securely hold clients’ assets for an extended period and can suggest remittance mechanisms that facilitate the effortless handling of clients’ funds, enabling transactions for labor and goods.

E-money Issuers

E-money issuers, who hold a Portugal Electronic money institution license, can carry out operations using virtual currency, which they have issued in exchange for customers’ conventional cash. These guarantors can likewise lead installments to different clients ready to acknowledge the e-cash. Critically, the backer is committed to recover the computerized  assets from the clients at any second upon their solicitation. Such computerized reserves are put away on both actual mediums, similar to shrewd cards, and in computerized media, like installment framework servers.

Acquiring authorization

The issuance of Portugal’s Electronic Money Institution permission is controlled by the EU Directive, which outlines the principles and regulations for firms granted EMI approvals. The primary regulatory body overseeing permit allocation in the region is the Bank of Portugal (Banco de Portugal, BP). Companies interested in applying for this coveted permission must meet specific demands to ensure conformity:

  • Firm Enrollment: The applicant must have an enrolled firm in Portugal.
  • Domestic Office: An operational office within Portugal’s borders is mandatory.
  • Competent Operations: The individuals in operating and controlling roles must possess relevant qualifications and experience.
  • Clean Commerce Standing: A pristine commerce reputation and verification of a lawful source of profit for the firm creators are indispensable.
  • Inner Mechanisms: Implementing inner controls, risk operation, anti-money laundering, and counter-terrorism monetary measures, together with other policies and methods.
  • Authorized Capital Transfer: Proof that authorized capital transfers meet the required lowest standards is obligatory.

Permit acquisition process

The process of getting an EMI permit in Portugal involves few steps:

  • Clearance Appeal: The applicant submits the necessary papers, involving a comprehensive 3-year commerce plan, to the Bank of Portugal.
  • Appeal Review: The controller conducts a thorough evaluation of the applicant’s capabilities and may need more papers during that phase.
  • Decision on Permit Grant: Based on the assessment, the Bank of Portugal decides whether to grant or deny the approval.
  • Preliminary Conformity Check: Once the permit is granted, the controller inspects the company’s office to ensure adherence to the demands.
  • Permit Issuance: Upon successful completion of all stages, the EMI permit is conferred to the firm.

Professional Support for EMI Licensing in Portugal

To navigate the permitting process and maximize the likelihood of success, our expert assistance comes highly recommended. We possess extensive experience in Portuguese EMI licensing and can provide comprehensive support with the preparation and submission of required papers. With our guidance, customers can expect full support and guidance throughout the entire authorization process.


The EMI permission in Portugal presents a significant opportunity for commerces looking to venture into the realm of electronic monetary services. As the world witnesses the ever-increasing importance of digital currencies and payment systems, Portugal has emerged as a forward-thinking destination, embracing EMI licensing to foster monetary growth and inclusion.

By getting an EMI permission in Portugal, firms gain proximity to a robust and dynamic market with the potential to address a growing demand for digital financial services. The permit empowers them to participate in the digital currency ecosystem, engage in transactions, and enhance financial inclusion.

Related insights

How does the Process of Buying a Property in Turkey Work?

Turkey, with its rich cultural heritage, stunning landscapes, and booming real-estate field, has become an increasingly popular destination for possession investing. Whether you’re looking for a holiday home, a retirement retreat, or a lucrative investing possibility, guiding the method of Purchasing Property in Turkey can be an exciting yet daunting task. In this comprehensive guide,…

Read more 13.05.2024

Crypto license in the Dominican Republic

Crypto has significantly altered the economic landscape globally, offering innovative ways to transact and invest. As these digital assets gain traction, various countries are establishing adjustment substructures to oversee their use and protect investors. The Dominican Republic, known for its progressive policy to technology and finance, has also begun to navigate the complex terrain of…

Read more 24.04.2024

5 Best jurisdictions for Gaming license

In the vibrant realm of online-gaming, selecting a jurisdiction for achieving gaming permission transcends a mere adjustment formality; it’s a crucial decision impacting field access, tax obligations, and the brand’s prestige. A wise choice can unlock doors to profitable fields, build trust among players and partners, and ensure a stable legal framework conducive to growth….

Read more 17.04.2024

In which countries is it better to buy Real Estate in 2024?

In the ever-evolving landscape of global real-estate acquisition, the question of where to invest money is crucial. While the past may offer some insights, the future is where depositors aim to position themselves for success. Now, in 2024, various factors come into play when determining the best countries for real-estate acquisition. From economic solidity to…

Read more 16.04.2024

Top 6 Best Offshore Jurisdictions for crypto:

In recent years, the cryptocurrency field has witnessed exponential growth, attracting investors and enthusiasts alike from all corners of the globe. However, navigating the legal landscape surrounding cryptocurrencies can be complex, with adjustments varying significantly from one lawfulment to another. For those looking to establish a crypto-related business or simply seeking a favorable adjustment circumstances…

Read more 08.04.2024

What is important to know when buying Property in Turkey?

Whether you’re considering purchasing a holiday home, an investment in property, or relocating permanently, buying real estate in Turkey can be a rewarding venture. However, like any possessions purchase, it requires careful consideration and research to ensure a smooth transaction and avoid potential pitfalls. In this guide, we’ll explore the key factors to keep in…

Read more 21.03.2024

Top 6 Promising Countries for Real Estate Investment in 2024

In the dynamic world of Investment in Real estate, identifying promising terminus is essential for maximizing returns and mitigating risks. As we navigate through 2024, several states stand out as hotspots for real-estate funding, offering lucrative possibilities and favorable field conditions. From emerging fields to established hubs, investors are eyeing these top six states for…

Read more 14.03.2024

Forex dealer license in Samoa

Admission to foreign-sourced currencies deals is granted to those financially-set establishments, monetary transfer operators and exchange-offices officially-licensed by local regulative authorities – Central Banking facility. Possession of such a permit grants  rights to spread currencies exchanging services for capital-holders and corporate clients.  Possibilities and privileges of Forex-business in Samoa Conducting brokerage-activities on FX-platforms provides stable…

Read more 26.02.2024

Fund in Luxembourg

Because of its privileged location in central part of Europe and widely-extensive expertise in field of financial tools and mechanisms, this duchy remains in demand among entrepreneurs wishing to establish funding structures locally. Commonly-choosing status of the center in EU and second most-considered essential on global level after USA is because of well-developed regulative basis;…

Read more 26.02.2024

Forex Dealer License in Solomon Islands

In a rapidly-evolving financial environment, forex-markets are a rather complex and dynamic space. For those seeking to launch a brokerage firm in this country, getting foreign exchange dealer license is mandatory in accordance with local national laws. Forex trading legal in Solomon Islands: preparation for operation Getting money changer license starts directly with officially-approved registration…

Read more 26.02.2024

Crypto regulation in South Africa

Jurisdiction is quite welcoming and supportive of cryptoassets and promotes their active implementation in local market-spaces. Regulative framework-basis for crypto-sphere is quite ambiguous, nevertheless, any activities in crypto-market are covered by strict control. Country doesn’t set a single law governing crypto-currencies, but there’re a plenty of different normative acts applying to this niche, incl. Exchange…

Read more 26.02.2024

MSB license in Dubai

Dubai International Financial Center is rapidly becoming recognized as a premier hub for MEASA. According to the Global Index, published in March 2023, Dubai occupies a leading position among financial centers in the region. Over the past five years, Dubai has consistently maintained its high position worldwide, specifically for capital-holders wishing to enter financial services…

Read more 29.01.2024