Sweden is a country famous for its fiscal sector and forward-thinking regulatory landscape. You are able to obtain different kinds of monetary services permits here. Among them is the PSP license – an official permission given to companies striving to function in the market of payment services. By having this document, an enterprise is able to perform a variety of activities, such as accepting diverse payment options and offering monetary services.
This guide will make you go over the primary details regarding that topic and provide you the answers you may be concerned about.
The PSP license in Sweden requirements
In order to acquire the permit in question, you have to satisfy the following demands:
- To have required starting capital;
- Make a comprehensive description of offerings to be provided;
- Elaborate thorough business strategy and financial forecasts;
- Develop an organizational framework and internal oversight systems;
- Abide by AML/CTF rules.
These demands are compulsory to meet if you are going to claim for the permit.
Advantages of PSP license in Sweden
There are plenty of benefits from that kind of permit. Among them are:
- Different Payment Variants: PSPs make clients to select from diverse methods of payment;
- Safeguard Transactions: Providers concentrate on measures of protection as their top priority;
- International Transactions: A lot of PSPs make it possible for clients to trade with businesses globally;
- Ongoing Payments: Providers frequently support recurring systems, offering convenience for clients involved in services on a regular basis;
- Favorable Pricing: Acting as middlemen, providers frequently arrange favorable transaction rates with fiscal establishments.
Procedure for obtaining PSP license in Sweden
The acquisition process is not very complicated. The main stages are:
- Collecting all necessary papers;
- Filing an application with the local fiscal supervisory authority;
- Analysis and evaluation by the regulatory body;
- Possible inquiries for complementary details;
- Ultimate resolution.
By completing all steps mentioned, you will be able to get a permit without any impediments or difficulties.
What is included in our services
Our company offers an overarching variety of services to assist you with navigating that process. The offerings encompass:
- Legal Consultation;
- Strategy and Equity Demands;
- Abidance by AML/KYC rules;
- Technological Integration;
- Continual Assistance.
We completely understand the significance of having the proper accompaniment during the whole acquisition process. So, our team, which consists of skilled and qualified specialists, is always at your service.
Taxation of PSP companies in Sweden
Concerning taxes PSP establishments are subject to, the country turns out to be beneficial for getting such a permission because of the small rate: there exists a corporate tax which makes up 20.6%.
Apart from that, there are no local fees associated with conducting business operations.
How much does a PSP license cost in Sweden?
Cost of a permit is contingent on individual circumstances. Many factors must be considered. Among them are kinds of business, commercial classification, estimated revenue, etc. Lawyers of our company assess the expenses for each customer.
Our advantages
In case you select our company to accompany you during the acquisition process, you will get a variety of benefits, such as:
- Consultation of skilled and knowledgeable specialists;
- Accelerated procedure of getting a permission;
- Provision of customized services aimed at personal needs of your enterprise;
- Full support from getting a document to controlling an abidance by regulatory demands.
By choosing our company as your partner in the acquisition process, you are making a strategic decision to enhance your business’s growth and sustainability. Let us help you achieve your acquisition goals with expertise and dedication.
