Intelligent Solution Group > Services > Licenses for financial activities (MSB, AEMI)

Licenses for financial activities (MSB, AEMI)

Canadian Money Service Business license for payment systems

English financial license EMI

Obtaining EMI-license in Lithuania

Licensing of a company’s financial activities is required if your business involves:

conducting transactions, exchanging one currency for another;
cashing traveller’s cheques in a different currency;
electronic money transfers;
merchant acquiring via a POS terminal;
transfers of digital currencies from a customer to a recipient.

Price: depends on the chosen service package and the country where the license is obtained

License processing time: 6 to 15 months.

Advantages

the ability to offer services officially;

expansion of the range of financial products;

enhancement of the company’s reputation;

protection against legal issues and avoidance of penalties;

operating within a regulated legal framework;

entry into global markets.

Requirements

1

Beneficial owners and key personnel of the company must have a clean record, with no criminal convictions or financial irregularities.
2

A minimum authorised capital is required, which varies depending on the jurisdiction and the type of financial activity.
3

The company must have qualified staff. The company’s management must hire employees with experience in the financial sector and relevant qualifications.

4

The company must have internal procedures for compliance and risk management, including a KYC system.
5

The company must have a physical presence or evidence of genuine business operations in the country where it is applying for a license.
6

All beneficial owners and shareholders of the company must be fully disclosed.

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To obtain a license for the company’s financial activities, the following must be submitted:

incorporation documents;
a license application;
a business plan describing the financial services you intend to provide;
information on ultimate beneficial owners, directors, the AML manager, bank accounts and organisational structure;
a document confirming the physical address of the office within the jurisdiction;
an estimate of the annual transaction volume;
a risk monitoring and prevention framework (compliance with mandatory AML/CTF and KYC rules).

Stages

We are reviewing your enquiry, objectives and expected outcomes

Choosing a financial license

We prepare the documents required for company registration

We register companies, including the provision of a registered office and the appointment of a local company secretary

We are developing a business plan

We help you navigate AML and KYC policies and procedures

Obtaining SWIFT and LEI codes

Opening a corporate bank account

We install banking software from third-party providers, including testing and integration where required

We are obtaining a license for financial activities (MSB/AEMI).

Additional services

charged separately

company registration;
opening a bank account;
verification of the source of funds;
connection and integration with the banking software platform;
accounting support and reporting.

How much does it cost to obtain an MSB, SPI or AEMI financial license?

The cost of obtaining a financial license depends on the type of license and the chosen jurisdiction. The cost includes company registration, preparation of documentation, support with the application process and liaison with the regulator. For an accurate quote, please contact us — we will take into account your business model and the regulator’s requirements to find the most suitable solution.

Does the nationality of the founders affect the likelihood of obtaining a license?

In some jurisdictions, the nationality of the founders may influence the compliance review process, particularly if their country of origin is on the high-risk list. However, this is not a deal-breaker. We will analyse your case in advance and propose the optimal solution — including structuring the company with the involvement of nominee or resident directors where necessary.

What monthly or annual obligations arise after obtaining a license?

Once the license has been obtained, the company is required to submit annual reports to the regulatory authorities, undergo audits, maintain the minimum authorised capital, comply with AML/KYC requirements and, in some cases, provide mandatory training for staff. We also offer ongoing support services to ensure you do not breach regulatory standards and fulfil all obligations in a timely manner.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.