EMI Agent License
You want to get started in the payment services EMI business but cannot afford to set up your own EMI. We can offer you a turn key EMD application solutions.
Our Services would include:
- Incorporation of the Agent Company in any EU country
- Opening of the Bank account for the Agent company
- Introduction to the EMI that would provide the Umbrella license to your Agent company
- Preparation of the EMD application
- Submission of the EMD application and follow up until obtaining the authorization.
Advantages of such solutions:
- Agent will benefit of additional advantages as follows;
- Sub licensee does not need to make and maintain the required reserve deposit of minimum EUR 350,000 which is helpful when starting a new business
- Sub licensee will be in business in 8 to 12 weeks vs 12 months if applying for his own license
- The agent authorization will have the same business capability as the Full EMI license that is to say:
a) Services enabling cash placement on a payment account
b) Services enabling cash withdrawals from a payment account
c) Execution of payment transactions
d) Issuing payment instruments or acquiring payment transactions
e) Money remittance
f) Issuing Electronic Money