Send us a request and we will contact you as soon as possible.
It is difficult to overestimate the opportunities of the British economy because this country is one of the world’s flagships in income stability of residents and opportunities for earnings. Investors do not like regions with unstable banking systems and financial sectors. Therefore, when founding their enterprise, they choose the UK as the place of actual and legal registration and wish to obtain a PSP license in UK.
Such a document is not easy to obtain. Local conservatism can confuse even the most experienced employees. It takes years to cooperate with the local regulatory authorities, so as not to make a mistake when submitting documents. Let’s look in detail at the procedure and requirements for PSP license in this country.
If you want to get a PSP license in UK, you should remember that the issuing of such licenses is handled by special supervisory bodies. They give different types of PSP licenses which give different possibilities.
The most valuable is considered to be a special permit AEMI. When it is issued, the company will be able to carry out any format of operations not only in the territory of this country but also in other regions of the EU. Such a document will allow them to:
This type of authorization is very much appreciated by companies and they want full access. Some even try to buy a company with PSP license in UK, but such a solution is not the most reliable. Sometimes companies do not have the most positive history with the FCA and the regulator may suspend the license, which will create certain inconveniences in the work.
There are differences between banking licenses and PSP licenses in the UK. Corporations with a banking license will be able to assume credit dealings or make deposits with interest. For corporations with a payment service provider license, there are no such features. But they do not need to adjust to the conditions of the functioning of the banking associations, and in this area, they are not supervised.
It is better for corporations, working in the financial sector, to apply for a payment system license. With such a license in place, companies can conduct financial operations and enjoy loyalty from the controlling authorities. But to get such a chance, they need to have such an enterprise, the operation of which will not contradict British law.
Appellants should review all of the requirements for payment service providers. Among them::
In addition, companies applying for a payment agent license in UK better prepare in advance a business plan, documents regarding the accounting system, the availability of staff of appropriate qualifications, work strategy for several years, and contracts concluded with suppliers (if such contracts exist).
The procedure for payment agent license in UK usually takes six months. If various difficulties arise during this time, the process may be prolonged for another six months. For example, in case it is necessary to clarify the source of funds on the account.
Before applying, it is worth carefully studying all necessary documents and providing them to FCA representatives immediately. This will greatly speed up the issuance of the payment transfer license and save you a lot of time. Otherwise, it is likely to be rejected, resulting in significant losses for your business.
To submit all the documents and obtain a PSP license in the UK or to buy a payment service provider license in the UK for the first time, we recommend contacting our staff. We will be able to speed up these procedures considerably.
Most of our clients receive licenses faster than the stated deadlines from the FCA, as our employees have repeatedly submitted the necessary documents. Therefore, already at the stage of preparation of the application, we already see what needs to be corrected. This saves you time and money.
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,…
Indonesia’s affordability and growth prospective make it a compelling option for international immovable property stakeholders. However, for those new to the region, purchasing real estate in Indonesia could be complicated. Investors may face unforeseen obstacles and challenges, making vigilance crucial. Our community of property buyers and local partners have shared various concerns, which we’ve compiled…
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…
Buying property is always a responsible decision, that requires full comprehension of the law and regulations of the country you want to buy a housing in. This also applies to one of the most desirable places for investment – Cyprus. The island is famous for its clean remarkable sea and hot sunny days almost all…
Chattel real levies are imposed by officials in many states around the globe either yearly or semi-annually, with the level of charges depending on the overall price of an investor’s asset. In contrast, in the world there exist some countries with no property tax.Here, we provide a comprehensive catalogue of places with no property tax…
Investing in chattel real abroad has gained immense popularity as a means to preserve and grow wealth. In this article about, six routes that have captured the curiosity of stakeholders in question considering questions in property for sale from non-EU nations. We delve into why these routes are currently the utmost appealing, providing valuable insights…
Acquiring estate is a complex endeavor. While saving up the necessary funds is challenging in itself, it’s only the beginning. Verifying papers, drafting contracts, navigating the purchase agreement, and registering the housing – each step presents feasible pitfalls that could leave you both financially and literally homeless. Therefore, selecting the right seller is paramount to…
Bali attracts everyone from digital nomads and entrepreneurs to retirees and the ultra-wealthy. The island’s enduring popularity among tourists combines with a vibrant local market, presents lucrative chances. Nevertheless, discrete analysis is crucial. This article highlights pros and cons of investing in property in Bali and other details you may be interested in. Why Bali’s…
Bali, the jewel of Indonesia, is no longer just a traveler’s paradise – it’s an investor’s dream realized. The island’s allure extends far beyond its captivating beauty, fueled by a potent combination of surging tourism and unwavering economic strength. This tropical haven boasts an enviable economic track record. Indonesia’s GDP has witnessed a remarkable upswing,…
Dreaming of life under the Turkish sun? A Turkish Residency Permit is your ticket to a carefree holiday. Residency allowance not only legalizes your stay for a year or more but also opens doors for work, depending on the type of document obtained. Learn who can get the coveted status, under what terms, and what…