The incluence company provides the following types of services in such areas as international tax planning, asset protection, registration of foreign companies and their maintenance, etc.
It is necessary to register a local company, for which a license will subsequently be issued. You should select the name of the company, indicate the participants and provide their documents in order to register a company.
The company needs to open a bank account in order to deposit the share capital. Opening an account is a complex process that should be entrusted to professionals. In order to open an account, you should to collect a package of documents and competently conduct further negotiations.
The exact amount of authorized capital depends on the type of the license. The beneficiary must provide documents on the source of origin of funds contributed as authorized capital upon bank's request.
The company must have key positions employees, some of them must be local. We will help with the search and selection of employees.
One of the mandatory requirements is office rent. We will select a budget option that meets the requirements.
It is necessary to prepare a business plan, and policies. In addition, application forms must be filled out. The client will only need to provide a basic information, on the basis of which we will prepare documents, taking into account local legislation.
It is necessary to submit an application to the regulator after preparing the company and documents. After submitting an application, you must be ready to answer additional questions from the regulator. We will take care of timely and competent answers.
The company receives a license after successfully passing the previous stages. At the same time, it must begin work within six months from the date of receipt of the license. Otherwise, the license may be cancelled.
In the UK, the licensing of payment systems (PS) is carried out by certain regulatory bodies, in particular, the FCA. They can provide business owners with a special license — AEMI. Having received such permission, the company will be able to work in any country, open IBAN accounts, obtain the status of a member of SWIFT, SEPA, and so on.
Properly created and licensed payment systems (PS) allow to carry out financial transactions via the Internet and using plastic cards. This type of business is one of the most widespread and profitable types of activities in the market.
Provider payment system registration is a laborious task. The main obstacles concern the preparation and execution of a large number of documents, as well as the knowledge of the current legislation and its peculiarities.
Users of this product get the opportunity to make payments for:
All provider payment systems are classified as follows:
In many cases, a provider payment system is registered in the region where it is going to operate. For example, if a businessman wishes to operate in the territory of the European Union, the European country is usually selected for registration.
To register a provider payment system, a payment organization should submit a set of documents necessary for getting approval of the rules of such a system by the regulatory authorities of the country.
This procedure requires serious preparation. First of all, statements from company registers are needed, as well as other documents that outline the following information:
In addition, company policies governing the following are required:
Having decided to register a payment system, an organization must make sure it meets the above requirements and prepare all the necessary documents. Keep in mind that the above list is only an example. In practice, additional documents may be required because the demands vary and may differ from jurisdiction to jurisdiction.
Moreover, you can buy an already established and licensed payment system. For additional consultations, please contact our managers.
The provider payment system creation is a rather complicated and multistage process. Our managers are ready to help you with licensing and registration of different licenses necessary for payment system registration.
A license is a tool that allows you to develop your business globally. Licensing opens up possibilities to integrate your company into various global systems of financial information processing, which allows you to expand your client base several times. For this purpose, you must obtain a license for providing payment services:
To process the payments made via bank cards in e-commerce, an automated system is required. A processing center serves as it.
It allows online marketplaces to accept payments from credit or debit plastic cards. The processing center also monitors and coordinates payments between the bank that issued the card and the bank processing the financial transaction.
Owners must obtain one of two licenses if the payment system is registered in Europe — EMI or PSP. These licenses differ, as well as the requirements for obtaining them. As a rule, EMI is issued to ensure the operation of a PS as this license includes all the features that PSP provides but also gives the right to issue electronic money:
There are also Small EMI/PSPs whose functionality is identical to full licenses, but licensed companies will be able to operate only within the country-registrar and with restrictions on the turnover of funds.
Obtaining a payment system license is a time-consuming process, and licensing takes six months on average. Moreover, additional documents or information may be requested from business owners.
To get a payment system license, you must submit a corresponding application to the supervisory authority of the country, as well as a package of documents. In addition, you must meet at least the following requirements:
If you are interested in registration or payment system license, please contact our managers for consultations. We have extensive experience in registering various payment systems as the financial sector is one of our main areas. We know the nuances of the procedure and take into account the peculiarities of different countries' legislation. Trust our specialists to minimize the probability of being denied a license.
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