Get an EMI License
We help you navigate the complex regulatory landscape and obtain an electronic money institution license quickly and efficiently.
Our Results
120+
Satisfied Clients
85+
Successfully Issued Licenses
8+
Years of Experience
97%
Success Rate
Requirements for Obtaining an EMI License in Estonia
The Estonian Financial Supervision Authority (Finantsinspektsioon) has established specific requirements for EMI license applicants
Capital Requirements
Initial capital of at least €350,000 must be fully paid up before applying. The source of funds must be transparent and legitimate.
- Minimum €350,000 initial capital
- Proof of source of funds
- Ongoing capital adequacy requirements
Management Requirements
The management board must consist of at least two members with sufficient knowledge, skills, and experience in financial services.
- At least two board members
- Relevant financial experience
- Good reputation and no criminal record
Corporate Structure
The company must be established as an Estonian legal entity with a clear ownership structure and transparent beneficial owners.
- Estonian legal entity
- Transparent ownership structure
- Identification of all beneficial owners
Business Plan
A comprehensive business plan detailing the business model, target market, financial projections, and operational procedures.
- Detailed business model
- Three-year financial projections
- Market analysis and strategy
Risk Management
Robust risk management framework including anti-money laundering (AML) and counter-terrorist financing (CTF) policies and procedures.
- AML/CTF policies and procedures
- Risk assessment methodology
- Customer due diligence procedures
IT Systems & Security
Secure and reliable IT infrastructure with appropriate data protection measures and business continuity plans.
- Secure IT infrastructure
- Data protection compliance
- Business continuity planning
Meeting these requirements demands extensive preparation and expertise. Our team specializes in guiding clients through each requirement to ensure a successful application.
Get Expert GuidanceWhy Choose Us?
Your success is our priority
An EMI license opens new opportunities for your business in the European market
Expert Team
Our team consists of financial sector experts who have helped many companies obtain an EMI license.
Fast Process
Optimized processes and experience allow us to accelerate license acquisition by up to 40%.
European Market
An Estonian EMI license allows you to offer services in all European Economic Area countries.
Business Growth
An EMI license opens new revenue streams and allows you to offer expanded financial services.
How It Works
A simple and transparent process for obtaining an EMI license
1
Consultation
We start with a free consultation to understand your business model and needs.
2
Document Preparation
We prepare all necessary documents and applications according to the requirements of the Estonian Financial Supervision Authority.
3
Application Submission and Follow-up
We submit the application and communicate with regulators on your behalf until the license is obtained.
Steps to Acquire an EMI License
The comprehensive journey from application to approval
Initial Assessment
Initial Assessment
Evaluate your business model, financial projections, and strategic goals to determine the optimal approach for your EMI license application.
Corporate Structure Setup
Establish the appropriate legal entity, capital structure, and governance framework required for an EMI license application.
Business Plan Development
Business Plan Development
Create a comprehensive business plan including market analysis, service offerings, operational procedures, and financial forecasts.
Compliance Framework
Develop risk management, anti-money laundering, and data protection policies that meet regulatory requirements.
Application Submission
Application Submission
Submit the complete application package to the regulatory authority and pay the required application fees.
Regulatory Review
Respond to inquiries from the regulator and provide additional information as requested during the review period.
License Approval
License Approval
Receive your EMI license and begin operations, with ongoing compliance monitoring and reporting.
Timeline and Costs
Understanding the timeframe and investment required for your EMI license
Preparation Phase
Months 1-2
- Initial consultation and business assessment
- Legal entity setup and capital structuring
- Development of business plan and financial projections
Estimated Costs:
- Consultation fees:€3,000 - €5,000
- Legal entity setup:€2,000 - €4,000
- Business planning:€5,000 - €8,000
Application Phase
Months 3-5
- Development of compliance policies and procedures
- Preparation of all application documents
- Submission of application to regulatory authority
Estimated Costs:
- Compliance framework:€8,000 - €12,000
- Application preparation:€10,000 - €15,000
- Regulatory filing fees:€3,000 - €5,000
Review & Approval Phase
Months 6-12
- Responding to regulatory inquiries
- Potential on-site inspections
- Final approval and license issuance
Estimated Costs:
- Regulatory liaison:€7,000 - €10,000
- Additional documentation:€4,000 - €6,000
- License fee:€5,000 - €8,000
Additional Considerations
Capital Requirements
In addition to service fees, you must demonstrate the following capital:
- Initial capital requirement:€350,000
- Operational funds (recommended):€150,000 - €250,000
Ongoing Compliance Costs
After obtaining your license, expect these annual costs:
- Annual regulatory fees:€8,000 - €12,000
- Compliance management:€25,000 - €40,000
- Audit and reporting:€15,000 - €25,000
The total investment for obtaining an EMI license typically ranges from €400,000 to €700,000, including capital requirements and all associated costs. Our experts can provide a detailed cost breakdown tailored to your specific business model.
Request Detailed Cost BreakdownOur Pricing
Transparent and competitive pricing
Basic Package
Ideal for smaller companies
€15,000
- Initial consultation
- Basic document preparation
- Application submission
Most Popular
Standard Package
Complete service for most companies
€25,000
- All Basic Package services
- Business plan development
- Risk management policy
- Anti-money laundering procedures
- Regulator communication
Premium Package
Comprehensive solution for more complex companies
€45,000
- All Standard Package services
- IT systems assessment
- Passporting services
- 12 months of follow-up services
- Priority support
Frequently Asked Questions
Answers to your questions about EMI licensing
Ready to Start?
Fill out the application form and begin your journey to obtaining an EMI license
Or contact us directly via email:[email protected]