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Electronic Money Institution (EMI) License for Sale in UK

₤1.5M

Description

FCA Permissions:

a) Services enabling cash placement on a payment account
b) Services enabling cash withdrawals from a payment account
c) Execution of payment transactions (not covered by a credit line)
d) Execution of payment transactions (covered by a credit line)
e) Issuing payment instruments or acquiring payment transactions
f) Money remittance
h) Issuing Electronic Money

A ‘passport’ enables an authorised firm to provide financial products or services, set up a base, or run its permitted activities in another country in the European Economic Area (EEA). This includes where a firm regulated in another EEA country passports into the UK. 31 countries: AUSTRIA | BELGIUM | BULGARIA | CROATIA | CYPRUS | CZECH REPUBLIC | DENMARK | ESTONIA | FINLAND | FRANCE | GERMANY | GIBRALTAR | GREECE | HUNGARY | ICELAND | IRELAND | ITALY | LATVIA | LIECHTENSTEIN | LITHUANIA | LUXEMBOURG | MALTA | NETHERLANDS | NORWAY | POLAND | PORTUGAL | ROMANIA | SLOVAKIA | SLOVENIA | SPAIN | SWEDEN |

Details of this transaction

1. Incorporation between 6-9 Years
2. Capital Requirement: minimum EUR 350k (some addition may be required to convince thataforementioned firm is well-capitalised)
3. Client Types: Eligible Counterparty, Professional, Retail
4. Bank with Bank of Singapore. Safeguarding bank accounts at a Latvia Bank will be openedbefore completion of change of control.
5. Currently has passporting to Europe
6. The company currently does not have any clients or supplier contracts following a period ofrestructuring
7. Operating Costs – to be given if there is firm interest

Detail

Updated on January 8, 2021 at 4:45 pm

Property ID:L#20210003
Property Type:Banks
Property Status:For Sale
Asking Price: ₤1.5M
Country:United Kingdom
State: United Kingdom
City: London

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