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Obtaining a PSP (Payment Service Provider) permission in Latvia can be a complex and time-consuming process, but it is necessary if you want to offer payment services to customers in country and the European Union. Latvia is becoming an increasingly popular destination for PSP permission applications due to its favorable adjustment environment and modern infrastructure.
Here are some of the basic requirements you must meet:
Acquiring a PSP license in Latvia can be a profitable option for monetary companies controlling in the field of electronic remittance and e-money circulation. Here are some benefits to consider:
One of the success factors of the fintech industry in Latvia is a business-friendly legislative framework that makes it possible to work legally in this area. In addition, the government supports the development of this industry and tries to attract foreign investment for its further development.
Various areas of fintech industry are developed in Latvia, including:
To obtain a PSP license in Latvia, it is necessary to collect papers that will ensure the applicant’s compliance with the requirements of the law.
The main papers that must be submitted when applying for a PSP license in Latvia:
Buying property in Cyprus is a sophisticated decision requiring a clear and comprehensive understanding of all the aspects of living on this island. It includes costs, culture, traditions, laws, tax regulations, expenses, and so on. But first of all you have to know that the state is split into Northern and Southern parts, each of…
This region is a prime attraction for overseas estate consumers due to its picturesque views, rich heritage, and friendly atmosphere. In contrast, purchasing for householding abroad can be challenging, regarding local lawful demands. This short article is designed to assist the quest for overseas purchasers by providing transparent and pivotal information about property for sale…
Cyprus, the Mediterranean’s third-largest isle, has been a famous attraction for expatriates and retirees looking for sun, sea, and a slower pace of life. Known for its a place with a deep historical heritage, breathtaking scenery and welcoming residents, this isle suggests an appealing mix of cultural experiences and modern amenities. However, like any place,…
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Cyprus is pretty costly for livelihood. Nevertheless, the costs are more reasonable in contrast to the UK, USA, West and North Europe. But don’t forget that it mostly depends on the city. For instance, it is more lucrative to reside in Cyprus if your wish is a big city. If you are curious about the…
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