Register a company in the United Kingdom and get an account in just 3 days!
UK E-money and Payment Institution Licensing
We specialize in guiding businesses through the complex process of obtaining an E-money or Payment Institution license in the UK.
Our comprehensive suite of services covers:
- Legal, Technical, and Business Consulting: Leveraging our in-depth knowledge of the UK regulatory landscape, we provide expert advice to ensure your application is successful.
- Application Preparation: We handle all aspects of the application process, from drafting compelling business plans to establishing essential safeguarding accounts.
- Documentation and Compliance: Our team creates the necessary legal, financial, and IT documents to meet stringent regulatory requirements, including AML, KYC, and security policies.
- Regulatory Liaison: We maintain open communication with the Financial Conduct Authority (FCA) throughout the application process, addressing queries and facilitating smooth approval.
- Company Formation and Support: We assist in company formation, staffing, and operational setup to ensure your business is fully compliant and ready for launch.
Why Choose the UK for Your Financial Services Business?
- Thriving Fintech Ecosystem: The UK is a global fintech hub with a supportive regulatory environment.
- Regulatory Expertise: Benefit from the FCA’s established track record and clear guidelines.
- Market Opportunity: Tap into a large and sophisticated customer base.
Key Requirements for Obtaining a UK License:
- UK-based head office and management team.
- Robust IT infrastructure in place before license issuance.
- Sufficient initial capital and safeguarding arrangements.
- Adherence to anti-money laundering and counter-terrorist financing regulations.
Licensing Process Overview:
- Application Submission: We prepare and submit a comprehensive application to the FCA.
- FCA Assessment: The FCA reviews the application, typically within 3-12 months.
- License Issuance: Upon approval, you receive an E-money or Payment Institution license.
- Ongoing Compliance: We continue to support your business in meeting regulatory obligations.
Let IFB guide you through the licensing process and help you achieve your financial services goals in the UK. Contact us today!
