Ready-made Companies with EMI License

Ready-made companies with EMI (Electronic Money Institution) license have become increasingly popular as they offer a simple and hassle-free solution for those looking to start their own payment processing businesses. These companies can be acquired easily, and the EMI license allows the company to conduct various financial activities. In this informative text, we will discuss the benefits of buying a ready-made company with an EMI license, the best jurisdictions for such purchases, the activities available to these companies, and the challenges associated with obtaining an EMI license in different countries.

Benefits of Buying a Ready-Made Company with an EMI License

The primary benefit of buying a ready-made company with an EMI license is that it enables you to start operating your payment processing business immediately. Instead of waiting for months to obtain a license, you can acquire a pre-licensed company and start your business operations right away. Additionally, the process of acquiring a ready-made company is relatively straightforward, and it can be completed in a matter of days, depending on the jurisdiction.

Best Jurisdictions for Buying Ready-Made Companies with an EMI License

The best jurisdictions for purchasing ready-made companies with an EMI license include:

• United Kingdom - The UK is an excellent choice for acquiring a ready-made company with an EMI license. The country is home to several top payment processors, and the Financial Conduct Authority (FCA) has a well-established regulatory framework for EMI licenses.
• Malta - Malta is another popular jurisdiction for purchasing a ready-made company with an EMI license. The country has a favorable tax system, and the Malta Financial Services Authority (MFSA) offers a streamlined application process for EMI licenses.
• Lithuania - Lithuania has become an increasingly popular destination for payment processing businesses. The country offers a competitive tax system, and the Bank of Lithuania provides a fast and efficient application process for EMI licenses.

Activities Available to Ready-Made Companies with an EMI License

A ready-made company with an EMI license can conduct various financial activities, including:

• Payment processing and acquiring services
• Remittance services
• Electronic money issuance and redemption
• Foreign exchange services
• Payment gateway services

Acquiring an EMI License in Different Countries

The process of obtaining an EMI license varies depending on the country. In the UK, for example, the process can take anywhere from three to six months, and it involves a rigorous application process that includes a business plan, financial projections, and due diligence checks. In contrast, Lithuania offers a fast and efficient application process, and the Bank of Lithuania can issue an EMI license in as little as three months.

Challenges Associated with Obtaining an EMI License

One of the main challenges associated with obtaining an EMI license is meeting the regulatory requirements. Different countries have varying regulatory frameworks, and it can be challenging to navigate the application process. Additionally, the cost of obtaining an EMI license can be prohibitive for some businesses, especially those operating on a tight budget. Finally, the ongoing regulatory compliance requirements can be time-consuming and require specialized knowledge, which can be a challenge for some business owners.

Conclusion

Ready-made companies with EMI licenses offer an excellent opportunity for entrepreneurs looking to start their own payment processing businesses. The process of acquiring a ready-made company is relatively straightforward, and the EMI license allows the company to conduct various financial activities.

The best jurisdictions for purchasing ready-made companies with an EMI license include the UK, Malta, and Lithuania. While obtaining an EMI license can be challenging, the benefits of operating your own payment processing business make it a worthwhile investment.