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Polish Payment Institution License
Introduction
If you’re looking to establish a payment institution in Poland, IFB can provide you with expert legal, technical, and business consulting services. Our team can assist you throughout the entire licensing process, from application preparation to ongoing compliance.
Key Services We Offer
- Application Preparation: We’ll help you complete the necessary application forms and communicate effectively with the Polish Financial Supervision Commission (KNF).
- Business Planning: Our experts can assist you in developing a comprehensive business plan that outlines your company’s goals, strategies, and financial projections.
- Legal and Financial Documentation: We’ll ensure your company adheres to all relevant legal and financial requirements, including AML, KYC, IT/security policies, and financial forecasts.
- Infrastructure Setup: We can help you set up the necessary infrastructure, such as safeguarding accounts and a local office, to commence operations.
Why Choose Poland for Your Payment Institution?
- Favorable Regulatory Environment: Poland offers a balanced regulatory approach that supports fintech innovation while ensuring compliance.
- Skilled Workforce: The country boasts a large pool of talented professionals with experience in the fintech industry.
- Growing Market: Poland’s growing economy and increasing adoption of digital payments make it a promising market for payment institutions.
- Strategic Location: Poland’s central location in Europe provides access to a vast customer base.
Key Requirements for Obtaining a License
- Initial Capital: A minimum initial capital of EUR 125,000 is required.
- Personnel: You’ll need to have a sufficient number of local staff and management to ensure effective operations.
- Management: Your management team should have expertise in areas such as AML, compliance, risk management, finance, technology, and sales.
- Infrastructure: You’ll need to establish a local office and necessary infrastructure within six months of obtaining the license.
- Documentation: You’ll need to submit various documents, including company identification data, business plan, financial statements, risk management plan, and proof of funds.
Our Expertise
- Deep Understanding of Polish Regulations: Our team is well-versed in the specific requirements and regulations governing payment institutions in Poland.
- Proven Track Record: We have a successful history of assisting clients in obtaining payment institution licenses in Poland.
- Tailored Solutions: We’ll work closely with you to develop a customized approach that meets your unique needs and objectives.
International Fintech Business (IFB) can help you enter the fintech industry. We can help you incorporate a company with an SPI license in Poland. IFB also provides a diverse selection of ready-made companies with these licenses for sale. Our experts can help answer any questions you may have. Contact us today!
