{"id":38617,"date":"2026-04-17T16:27:44","date_gmt":"2026-04-17T13:27:44","guid":{"rendered":"https:\/\/www.maxcorp.eu\/eng\/?page_id=38617"},"modified":"2026-04-22T12:08:52","modified_gmt":"2026-04-22T09:08:52","slug":"payment-institution-license","status":"publish","type":"page","link":"https:\/\/www.maxcorp.eu\/eng\/fintech-licensing\/payment-institution-license\/","title":{"rendered":"PI License: Payment Institution Authorization in Europe"},"content":{"rendered":"<p>[vc_section css=&#8221;.vc_custom_1748200001{padding-top: 0px !important;}&#8221;][vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;false&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column id=&#8221;ab_hero&#8221; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; css=&#8221;.vc_custom_1748200002{padding-top: 24px !important;padding-right: 30px !important;padding-bottom: 8px !important;padding-left: 30px !important;background-image: url(https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2024\/12\/bgbtc2.jpg?id=36244) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;border-radius: 10px !important;}&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;rgba(255,255,255,0.55)&#8221;][vc_column_text css=&#8221;.vc_custom_1748200003{margin-bottom: 10px !important;}&#8221;]<\/p>\n<div style=\"color:#444444;font-size:32px;font-weight:700;line-height:1.2;margin-bottom:8px;\">\n<h1 style=\"font-size:inherit;font-weight:inherit;line-height:inherit;color:inherit;margin:0;\">PI License: Payment Institution Authorization in Europe<\/h1>\n<\/div>\n<p style=\"color:#333;font-size:17px;font-weight:400;margin-bottom:10px;\">The EU PI authorization permits your company to provide the full range of PSD2 payment services including credit transfers, card acquiring, remittance, payment initiation and account information services, with passporting rights across 30 EU\/EEA countries from a single NCA licence.<\/p>\n<div style=\"margin-top:16px;display:flex;flex-wrap:wrap;gap:8px;\"><span style=\"background:rgba(255,255,255,0.9);color:#333;border-radius:20px;padding:5px 14px;font-size:13px;font-weight:500;\">&#10003; In-house legal team<\/span><span style=\"background:rgba(255,255,255,0.9);color:#333;border-radius:20px;padding:5px 14px;font-size:13px;font-weight:500;\">&#10003; AML &amp; ongoing compliance solutions<\/span><span style=\"background:rgba(255,255,255,0.9);color:#333;border-radius:20px;padding:5px 14px;font-size:13px;font-weight:500;\">&#10003; Trusted licensing partner since 1998<\/span><\/div>\n<p>[\/vc_column_text][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_column_gaps=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_padding_top=&#8221;8&#8243; rt_padding_bottom=&#8221;0&#8243;][vc_column_inner width=&#8221;5\/6&#8243; rt_col_paddings=&#8221;false&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;][vc_btn title=&#8221;Packages &amp; Pricing &raquo;&#8221; style=&#8221;custom&#8221; custom_background=&#8221;#d0252d&#8221; custom_text=&#8221;#ffffff&#8221; i_icon_fontawesome=&#8221;fas fa-layer-group&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:%23packages&#8221; css=&#8221;.vc_custom_1748200004{padding-right: 10px !important;padding-left: 0px !important;}&#8221;][vc_btn title=&#8221;Get Your Free PI Assessment &raquo;&#8221; style=&#8221;outline-custom&#8221; outline_custom_color=&#8221;#d0252d&#8221; outline_custom_hover_background=&#8221;#d0252d&#8221; outline_custom_hover_text=&#8221;#ffffff&#8221; i_icon_fontawesome=&#8221;far fa-handshake&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:%23contact&#8221; css=&#8221;.vc_custom_1748200005{border-width: 2px !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][vc_column_text]<\/p>\n<style>@media(max-width:767px){.emi-stats-bar{display:none!important;}}<\/style>\n<div class=\"emi-stats-bar\" style=\"display:flex;flex-wrap:wrap;gap:0;border-top:1px solid #cccccc;text-align:center;\">\n<div style=\"flex:1;min-width:110px;padding:14px 8px 12px;border-right:1px solid #cccccc;\">\n<div style=\"font-size:26px;font-weight:700;color:#d0252d;line-height:1;\">SEPA Instant<\/div>\n<div style=\"font-size:12px;color:#222;margin-top:2px;\">Direct SEPA connectivity<\/div>\n<\/div>\n<div style=\"flex:1;min-width:110px;padding:14px 8px 12px;border-right:1px solid #cccccc;\">\n<div style=\"font-size:26px;font-weight:700;color:#d0252d;line-height:1;\">From 6 months<\/div>\n<div style=\"font-size:12px;color:#222;margin-top:2px;\">Application to authorization<\/div>\n<\/div>\n<div style=\"flex:1;min-width:110px;padding:14px 8px 12px;border-right:1px solid #cccccc;\">\n<div style=\"font-size:26px;font-weight:700;color:#d0252d;line-height:1;\">&euro;125,000<\/div>\n<div style=\"font-size:12px;color:#222;margin-top:2px;\">Minimum initial share capital<\/div>\n<\/div>\n<div style=\"flex:1;min-width:110px;padding:14px 8px 12px;border-right:1px solid #cccccc;\">\n<div style=\"font-size:26px;font-weight:700;color:#d0252d;line-height:1;\">30 EU\/EEA<\/div>\n<div style=\"font-size:12px;color:#222;margin-top:2px;\">EU\/EEA passporting countries<\/div>\n<\/div>\n<div style=\"flex:1;min-width:110px;padding:14px 8px 12px;\">\n<div style=\"font-size:26px;font-weight:700;color:#d0252d;line-height:1;\">PSD2<\/div>\n<div style=\"font-size:12px;color:#222;margin-top:2px;\">Regulatory framework<\/div>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<br \/>\n[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;bottom&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_margin_top=&#8221;0&#8243; rt_padding_top=&#8221;10&#8243; rt_margin_bottom=&#8221;0&#8243;][vc_column width=&#8221;3\/4&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_margin_top=&#8221;0&#8243; rt_padding_top=&#8221;0&#8243; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-1\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-1\"  style=\"margin-top:0px;\">Payment Institution License: What It Covers and Who It Is For<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n<p style=\"text-align:justify;margin-bottom:14px;\"><img decoding=\"async\" class=\"alignright wp-image-2742 size-thumbnail\" src=\"https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2018\/07\/crypto-exchange-wallet-license-150x150.png\" alt=\"EU Payment Institution licence registration service - MAXCORP\" width=\"110\" height=\"110\" style=\"margin-left:16px;margin-bottom:8px;\" srcset=\"https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2018\/07\/crypto-exchange-wallet-license-150x150.png 150w, https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2018\/07\/crypto-exchange-wallet-license.png 200w\" sizes=\"(max-width: 110px) 100vw, 110px\" \/><strong>A PI licence authorizes your company to provide the full range of PSD2 payment services including credit transfers, card acquiring, money remittance, payment initiation and account information services, from a single EU-authorized entity.<\/strong> Authorized by the national competent authority in your chosen member state, your PI can serve clients across the entire EU and EEA via passporting without per-country licensing.<\/p>\n<div style=\"clear:both;display:grid;grid-template-columns:1fr 1fr;gap:0 24px;margin:24px 0 22px;\">\n<div style=\"display:flex;align-items:flex-start;gap:10px;padding:10px 0;border-bottom:1px solid #f0f0f0;\">\n<i class=\"fas fa-shield-alt\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><br \/>\n<span style=\"font-size:13px;color:#333;line-height:1.5;\">Credit transfers &amp; direct debits: SCT, SEPA Instant and SDD direct debits, reaching all EU bank accounts<\/span>\n<\/div>\n<div style=\"display:flex;align-items:flex-start;gap:10px;padding:10px 0;border-bottom:1px solid #f0f0f0;\">\n<i class=\"fas fa-layer-group\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><br \/>\n<span style=\"font-size:13px;color:#333;line-height:1.5;\">Card issuance &amp; acquiring: Visa\/Mastercard issuance and merchant acquiring services<\/span>\n<\/div>\n<div style=\"display:flex;align-items:flex-start;gap:10px;padding:10px 0;border-bottom:1px solid #f0f0f0;\">\n<i class=\"fas fa-hand-holding-usd\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><br \/>\n<span style=\"font-size:13px;color:#333;line-height:1.5;\">Money remittance &amp; FX: cross-border transfers and currency exchange to 180+ countries globally<\/span>\n<\/div>\n<div style=\"display:flex;align-items:flex-start;gap:10px;padding:10px 0;border-bottom:1px solid #f0f0f0;\">\n<i class=\"fas fa-globe\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><br \/>\n<span style=\"font-size:13px;color:#333;line-height:1.5;\">Payment initiation (PIS) &amp; open banking: initiate payments from client bank accounts with consent<\/span>\n<\/div>\n<div style=\"display:flex;align-items:flex-start;gap:10px;padding:10px 0;border-bottom:1px solid #f0f0f0;\">\n<i class=\"fas fa-clock\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><br \/>\n<span style=\"font-size:13px;color:#333;line-height:1.5;\">EU\/EEA passporting: 30 countries from one NCA authorization, no separate licences needed<\/span>\n<\/div>\n<div style=\"display:flex;align-items:flex-start;gap:10px;padding:10px 0;border-bottom:1px solid #f0f0f0;\">\n<i class=\"fas fa-percentage\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><br \/>\n<span style=\"font-size:13px;color:#333;line-height:1.5;\">Account information services (AIS): aggregate multi-bank data via open banking API<\/span>\n<\/div>\n<\/div>\n<p style=\"text-align:justify;margin-bottom:4px;\">A PI licence provides a lower-capital, faster EU authorization than an EMI, covering all PSD2 payment services without e-money issuance or stored-value requirements. Our team assesses your business model, identifies the optimal jurisdiction and builds your application file. <strong>Every PI authorization we handle is backed by our in-house legal team&#8217;s expertise across Malta, Cyprus, Lithuania and Latvia, ensuring all PSD2 substance and documentation requirements are addressed before NCA submission.<\/strong><\/p>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/4&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;][vc_column_text]<\/p>\n<style>\n.pi-btn-pkg{flex:1;background:#d0252d;color:#ffffff!important;text-align:center;padding:10px 6px;border-radius:4px;font-size:12px;font-weight:700;text-decoration:none;display:flex;align-items:center;justify-content:center;gap:5px;letter-spacing:0.02em;transition:background 0.2s;}\n.pi-btn-pkg:hover{background:#a81e24!important;color:#ffffff!important;}\n.pi-btn-contact{flex:1;background:#ffffff;color:#d0252d!important;text-align:center;padding:10px 6px;border-radius:4px;font-size:12px;font-weight:700;text-decoration:none;display:flex;align-items:center;justify-content:center;gap:5px;border:1.5px solid #d0252d;letter-spacing:0.02em;transition:background 0.2s,color 0.2s;}\n.pi-btn-contact:hover{background:#d0252d!important;color:#ffffff!important;}\n<\/style>\n<div style=\"margin-top:20px;border-radius:8px;overflow:hidden;box-shadow:0 2px 16px rgba(0,0,0,0.10);\">\n<div style=\"background:#eeeeee;padding:11px 18px 10px;display:flex;align-items:center;gap:12px;border-bottom:3px solid #d0252d;\">\n<i class=\"fas fa-info-circle\" style=\"color:#d0252d;font-size:26px;flex-shrink:0;\"><\/i><\/p>\n<div>\n<div style=\"font-size:10px;font-weight:700;color:#d0252d;letter-spacing:0.12em;text-transform:uppercase;margin-bottom:3px;\">At a glance<\/div>\n<div style=\"font-size:15px;font-weight:700;color:#222;line-height:1.3;\">EU PI License<\/div>\n<\/div>\n<\/div>\n<div style=\"background:#fafafa;\">\n<div style=\"padding:9px 18px;border-bottom:1px solid #eeeeee;display:flex;align-items:flex-start;gap:12px;\"><i class=\"fas fa-coins\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><\/p>\n<div>\n<div style=\"font-size:10px;color:#666;text-transform:uppercase;letter-spacing:0.08em;margin-bottom:2px;\">Services covered<\/div>\n<div style=\"font-size:13px;color:#222;font-weight:600;line-height:1.4;\">Payments \/ Remittance \/ FX \/ Cards<\/div>\n<\/div>\n<\/div>\n<div style=\"padding:9px 18px;border-bottom:1px solid #eeeeee;display:flex;align-items:flex-start;gap:12px;\"><i class=\"fas fa-exchange-alt\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><\/p>\n<div>\n<div style=\"font-size:10px;color:#666;text-transform:uppercase;letter-spacing:0.08em;margin-bottom:2px;\">Also covers<\/div>\n<div style=\"font-size:13px;color:#222;font-weight:600;line-height:1.4;\">PIS \/ AIS \/ Acquiring<\/div>\n<\/div>\n<\/div>\n<div style=\"padding:9px 18px;border-bottom:1px solid #eeeeee;display:flex;align-items:flex-start;gap:12px;\"><i class=\"fas fa-clock\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><\/p>\n<div>\n<div style=\"font-size:10px;color:#666;text-transform:uppercase;letter-spacing:0.08em;margin-bottom:2px;\">Timeline<\/div>\n<div style=\"font-size:13px;color:#222;font-weight:600;line-height:1.4;\">From 6 months<\/div>\n<\/div>\n<\/div>\n<div style=\"padding:9px 18px;border-bottom:1px solid #eeeeee;display:flex;align-items:flex-start;gap:12px;\"><i class=\"fas fa-tag\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><\/p>\n<div>\n<div style=\"font-size:10px;color:#666;text-transform:uppercase;letter-spacing:0.08em;margin-bottom:2px;\">Pricing<\/div>\n<div style=\"font-size:13px;color:#222;font-weight:600;line-height:1.4;\">From &euro;60,000<\/div>\n<\/div>\n<\/div>\n<div style=\"padding:9px 18px;display:flex;align-items:flex-start;gap:12px;\"><i class=\"fas fa-user-tie\" style=\"color:#d0252d;font-size:13px;margin-top:3px;flex-shrink:0;\"><\/i><\/p>\n<div>\n<div style=\"font-size:10px;color:#666;text-transform:uppercase;letter-spacing:0.08em;margin-bottom:2px;\">Requirement<\/div>\n<div style=\"font-size:13px;color:#222;font-weight:600;line-height:1.4;\">Local substance required<\/div>\n<\/div>\n<\/div>\n<div style=\"padding:14px 18px;background:#f4f4f4;display:flex;gap:8px;\"><a href=\"#packages\" class=\"pi-btn-pkg\"><i class=\"fas fa-layer-group\" style=\"font-size:11px;\"><\/i> Packages &raquo;<\/a><a href=\"#contact\" class=\"pi-btn-contact\"><i class=\"far fa-envelope\" style=\"font-size:11px;\"><\/i> Contact &raquo;<\/a><\/div>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<p>[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;25&#8243; rt_padding_bottom=&#8221;0&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-1\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-1\"  style=\"margin-top:0px;\">Is a Payment Institution License Right for Your Business?<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n<p style=\"text-align:justify;margin-bottom:14px;\"><strong>A PI licence is the right EU authorization for companies that execute payment transactions on behalf of clients without issuing electronic money or holding client funds as stored value.<\/strong> Below are the four business types most commonly served by a PI licence. If your model also requires e-money issuance or stored client balances, an EMI licence is the appropriate upgrade.<\/p>\n<div style=\"display:grid;grid-template-columns:repeat(auto-fit,minmax(220px,1fr));gap:14px;\">\n<div style=\"background:#f9f9f9;border:1px solid #e0e0e0;border-radius:8px;padding:20px 18px;\">\n<div style=\"display:flex;align-items:center;gap:8px;margin-bottom:10px;\"><i class=\"fas fa-credit-card\" style=\"color:#d0252d;font-size:18px;\"><\/i><span style=\"font-size:14px;font-weight:700;color:#222;\">Payment Processor \/ Acquirer<\/span><span style=\"margin-left:auto;background:#fff3f3;color:#c0392b;border:1px solid #f5c0c0;border-radius:12px;font-size:10px;font-weight:700;padding:2px 8px;white-space:nowrap;\">PI required<\/span><\/div>\n<div style=\"font-size:13px;color:#222;line-height:1.7;\"><strong>You need:<\/strong> PSD2 authorization to process card payments, provide merchant acquiring and operate a payment gateway across EU markets.<br \/><strong>PI gives you:<\/strong> Card acquiring authorization, SEPA connectivity, payment instrument issuance and EU\/EEA passporting from a single NCA authorization.<\/div>\n<\/div>\n<div style=\"background:#f9f9f9;border:1px solid #e0e0e0;border-radius:8px;padding:20px 18px;\">\n<div style=\"display:flex;align-items:center;gap:8px;margin-bottom:10px;\"><i class=\"fas fa-money-bill-wave\" style=\"color:#d0252d;font-size:18px;\"><\/i><span style=\"font-size:14px;font-weight:700;color:#222;\">Remittance \/ FX Operator<\/span><span style=\"margin-left:auto;background:#fff3f3;color:#c0392b;border:1px solid #f5c0c0;border-radius:12px;font-size:10px;font-weight:700;padding:2px 8px;white-space:nowrap;\">PI required<\/span><\/div>\n<div style=\"font-size:13px;color:#222;line-height:1.7;\"><strong>You need:<\/strong> Regulated authorization to execute cross-border money transfers, currency exchange and global payout operations for retail and business clients.<br \/><strong>PI gives you:<\/strong> PSD2 money remittance and currency exchange permissions, SEPA access, EU\/EEA passporting and the regulatory status required by banking partners.<\/div>\n<\/div>\n<div style=\"background:#f9f9f9;border:1px solid #e0e0e0;border-radius:8px;padding:20px 18px;\">\n<div style=\"display:flex;align-items:center;gap:8px;margin-bottom:10px;\"><i class=\"fas fa-plug\" style=\"color:#d0252d;font-size:18px;\"><\/i><span style=\"font-size:14px;font-weight:700;color:#222;\">Open Banking \/ PISP \/ AISP<\/span><span style=\"margin-left:auto;background:#fff3f3;color:#c0392b;border:1px solid #f5c0c0;border-radius:12px;font-size:10px;font-weight:700;padding:2px 8px;white-space:nowrap;\">PI required<\/span><\/div>\n<div style=\"font-size:13px;color:#222;line-height:1.7;\"><strong>You need:<\/strong> PSD2 authorization to initiate payments from clients&#8217; bank accounts with consent (PISP) or aggregate multi-bank account data (AISP) across the EU.<br \/><strong>PI gives you:<\/strong> Full PISP and AISP authorization under PSD2. Access EU bank APIs, initiate account-to-account payments and aggregate financial data across 30 EU\/EEA countries.<\/div>\n<\/div>\n<div style=\"background:#f9f9f9;border:1px solid #e0e0e0;border-radius:8px;padding:20px 18px;\">\n<div style=\"display:flex;align-items:center;gap:8px;margin-bottom:10px;\"><i class=\"fas fa-sitemap\" style=\"color:#d0252d;font-size:18px;\"><\/i><span style=\"font-size:14px;font-weight:700;color:#222;\">B2B Platform \/ Marketplace<\/span><span style=\"margin-left:auto;background:#fff3f3;color:#c0392b;border:1px solid #f5c0c0;border-radius:12px;font-size:10px;font-weight:700;padding:2px 8px;white-space:nowrap;\">PI required<\/span><\/div>\n<div style=\"font-size:13px;color:#222;line-height:1.7;\"><strong>You need:<\/strong> A regulated EU entity to execute marketplace payouts, recurring billing, payroll disbursements or B2B payment infrastructure for platform users.<br \/><strong>PI gives you:<\/strong> Authorization to execute payment transactions on behalf of platform clients, issue payment instruments and passport your service across the entire EU\/EEA market.<\/div>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<br \/>\n[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;bottom&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;4&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;][vc_column_text]<\/p>\n<p style=\"text-align:justify;\"><strong>A PI licence is the most capital-efficient route to full EU payment services: one authorization covers transfers, card issuing, merchant acquiring, remittance, PIS and AIS across 30 EU\/EEA countries.<\/strong> Unlike a Canada MSB or Swiss SRO, a PI gives you individual client payment accounts and IBAN issuance. Unlike a MiCA CASP, it covers fiat payment infrastructure, not just crypto-asset services. The PI sits at the crossroads of both: fintechs, crypto platforms and payment companies use it to add regulated fiat rails without the capital burden of a full banking licence. Our legal team assesses your business model, recommends the optimal jurisdiction and manages the full authorization process from preparation to NCA go-live.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<br \/>\n[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;false&#8221; rt_row_borders=&#8221;bottom&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;0&#8243; rt_padding_bottom=&#8221;25&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-1\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-1\"  style=\"margin-top:0px;\">PI vs EMI vs Small PI: Which Licence Do You Need?<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text css=&#8221;.vc_custom_1pi001{margin-top:0!important;padding-top:0!important;}&#8221;]<\/p>\n<p style=\"margin-bottom:12px;text-align:justify;\"><strong>PSD2 provides three authorization levels for non-bank payment service providers, each suited to a different business model and capital position.<\/strong> The full PI covers all PSD2 services with EU passporting. The EMI adds e-money issuance on top. The Small PI (Lithuania and Latvia only) is a domestic-only sandbox entry with no capital requirement and a 3-4 month authorization track.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"width:100%;border-collapse:collapse;font-size:13px;\">\n<thead>\n<tr style=\"background:#f0f0f0;\">\n<th style=\"padding:10px 12px;text-align:left;border:1px solid #ddd;font-weight:700;\">Criteria<\/th>\n<th style=\"padding:10px 12px;text-align:left;border:1px solid #ddd;font-weight:700;background:#fff3f3;\">Payment Institution (PI)<\/th>\n<th style=\"padding:10px 12px;text-align:left;border:1px solid #ddd;font-weight:700;\">Electronic Money Institution (EMI)<\/th>\n<th style=\"padding:10px 12px;text-align:left;border:1px solid #ddd;font-weight:700;\">Small PI (Restricted)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">Regulating directive<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#1a7a4a;font-weight:600;\">PSD2<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;\">PSD2<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#666;\">PSD2 (limited scope)<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">Min. initial capital<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#1a7a4a;font-weight:600;\">\u20ac20,000 \u2013 \u20ac125,000<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;\">\u20ac350,000<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">None required<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">Issue electronic money<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#c0392b;\">Not permitted<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">Yes, core permission<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#c0392b;\">Not permitted<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">Hold client balances<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#c0392b;\">No stored balances<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">Yes, as e-money<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#c0392b;\">No stored balances<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">Credit transfers \/ SEPA<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#1a7a4a;font-weight:600;\">Yes<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">Yes<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">Limited<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">Card issuing<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#1a7a4a;font-weight:600;\">Yes (payment instrument)<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">Yes<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#c0392b;\">No<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">PIS \/ AIS (open banking)<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#1a7a4a;font-weight:600;\">Yes<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">Yes<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#c0392b;\">No<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">EU\/EEA passporting<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#1a7a4a;font-weight:600;\">Yes, 30 EU\/EEA countries<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">Yes, 30 EU\/EEA countries<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#c0392b;\">No, domestic only<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">MiCA e-money token<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#c0392b;\">Not permitted<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">Yes, under MiCA<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#c0392b;\">Not permitted<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">Typical timeline<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#1a7a4a;font-weight:600;\">6-9 months<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;\">9-12 months<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#1a7a4a;font-weight:600;\">3-4 months<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:9px 12px;border:1px solid #ddd;font-weight:600;\">Packages from<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;background:#fffafa;color:#1a7a4a;font-weight:600;\">From &euro;60,000<\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;\"><a href=\"https:\/\/www.maxcorp.eu\/eng\/fintech-licensing\/emi-license\/\" style=\"color:#444;\">From &euro;80,000 &raquo;<\/a><\/td>\n<td style=\"padding:9px 12px;border:1px solid #ddd;color:#666;\">On request<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"font-size:12px;color:#444;margin-top:8px;margin-bottom:20px;font-style:italic;\">Informational only. Capital requirements vary by services provided. Small PI available in Lithuania and Latvia (domestic only, no passporting). <a href=\"#contact\" style=\"color:#444;\">Contact us<\/a> for a tailored licence recommendation.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<br \/>\n[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;false&#8221; rt_row_borders=&#8221;bottom&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;0&#8243; css=&#8221;.vc_custom_1748200006{background-color:#f9f9f9 !important;}&#8221; rt_padding_bottom=&#8221;25&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-1\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-1\"  style=\"margin-top:0px;\">4 EU Jurisdictions for PI Authorization<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n<p style=\"text-align:justify;margin-bottom:16px;\"><strong>We cover the four leading EU member states for PI authorization, each offering full PSD2 licensing, EU passporting rights and direct SEPA network connectivity.<\/strong> The optimal choice depends on your target markets, corporate tax strategy, substance requirements and time to market. Our Gold readiness audit includes a formal jurisdiction recommendation based on your specific model and objectives.<\/p>\n<div style=\"display:grid;grid-template-columns:1fr 1fr;gap:14px;\">\n<div style=\"background:#fff;border:1px solid #e0e0e0;border-top:3px solid #d0252d;border-radius:8px;padding:16px 18px;\">\n<div style=\"display:flex;align-items:center;justify-content:center;gap:10px;margin-bottom:14px;padding-bottom:12px;border-bottom:1px solid #f0f0f0;\"><span style=\"font-size:30px;line-height:1;flex-shrink:0;\">&#127474;&#127481;<\/span><\/p>\n<div>\n<div style=\"font-size:19px;font-weight:700;color:#222;line-height:1.2;\">Malta <span style=\"font-size:12px;font-weight:400;color:#999;\">(MFSA)<\/span><\/div>\n<\/div>\n<\/div>\n<div style=\"font-size:13px;color:#444;line-height:1.6;text-align:center;\">\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Full English process with the MFSA<\/div>\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Effective corporate tax rate as low as 5%<\/div>\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> SEPA via Central Bank of Malta and CentroLink<\/div>\n<div style=\"padding:5px 0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Established EU fintech hub, member since 2004<\/div>\n<\/div>\n<div style=\"margin-top:10px;padding-top:8px;border-top:1px solid #f0f0f0;text-align:center;\"><a href=\"#contact\" style=\"font-size:12px;font-weight:700;color:#d0252d;text-decoration:none;\">Enquire about Malta &raquo;<\/a><\/div>\n<\/div>\n<div style=\"background:#fff;border:1px solid #e0e0e0;border-top:3px solid #d0252d;border-radius:8px;padding:16px 18px;\">\n<div style=\"display:flex;align-items:center;justify-content:center;gap:10px;margin-bottom:14px;padding-bottom:12px;border-bottom:1px solid #f0f0f0;\"><span style=\"font-size:30px;line-height:1;flex-shrink:0;\">&#127464;&#127486;<\/span><\/p>\n<div>\n<div style=\"font-size:19px;font-weight:700;color:#222;line-height:1.2;\">Cyprus <span style=\"font-size:12px;font-weight:400;color:#999;\">(CBC)<\/span><\/div>\n<\/div>\n<\/div>\n<div style=\"font-size:13px;color:#444;line-height:1.6;text-align:center;\">\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> English as a working and legal language<\/div>\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> 12.5% corporate tax rate<\/div>\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Full SEPA access as EU member state<\/div>\n<div style=\"padding:5px 0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Strategic Eastern Mediterranean location<\/div>\n<\/div>\n<div style=\"margin-top:10px;padding-top:8px;border-top:1px solid #f0f0f0;text-align:center;\"><a href=\"#contact\" style=\"font-size:12px;font-weight:700;color:#d0252d;text-decoration:none;\">Enquire about Cyprus &raquo;<\/a><\/div>\n<\/div>\n<div style=\"background:#fff;border:1px solid #e0e0e0;border-top:3px solid #d0252d;border-radius:8px;padding:16px 18px;\">\n<div style=\"display:flex;align-items:center;justify-content:center;gap:10px;margin-bottom:14px;padding-bottom:12px;border-bottom:1px solid #f0f0f0;\"><span style=\"font-size:30px;line-height:1;flex-shrink:0;\">&#127473;&#127481;<\/span><\/p>\n<div>\n<div style=\"font-size:19px;font-weight:700;color:#222;line-height:1.2;\">Lithuania <span style=\"font-size:12px;font-weight:400;color:#999;\">(Bank of Lithuania)<\/span><\/div>\n<\/div>\n<\/div>\n<div style=\"font-size:13px;color:#444;line-height:1.6;text-align:center;\">\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Active PI licensing hub in the EU<\/div>\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Fast-track licensing with clear NCA guidance<\/div>\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> CentroLink SEPA system operated by the regulator<\/div>\n<div style=\"padding:5px 0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> SEPA Instant and direct ECB payment connectivity<\/div>\n<\/div>\n<div style=\"margin-top:10px;padding-top:8px;border-top:1px solid #f0f0f0;text-align:center;\"><a href=\"#contact\" style=\"font-size:12px;font-weight:700;color:#d0252d;text-decoration:none;\">Enquire about Lithuania &raquo;<\/a><\/div>\n<\/div>\n<div style=\"background:#fff;border:1px solid #e0e0e0;border-top:3px solid #d0252d;border-radius:8px;padding:16px 18px;\">\n<div style=\"display:flex;align-items:center;justify-content:center;gap:10px;margin-bottom:14px;padding-bottom:12px;border-bottom:1px solid #f0f0f0;\"><span style=\"font-size:30px;line-height:1;flex-shrink:0;\">&#127473;&#127483;<\/span><\/p>\n<div>\n<div style=\"font-size:19px;font-weight:700;color:#222;line-height:1.2;\">Latvia <span style=\"font-size:12px;font-weight:400;color:#999;\">(Latvijas Banka)<\/span><\/div>\n<\/div>\n<\/div>\n<div style=\"font-size:13px;color:#444;line-height:1.6;text-align:center;\">\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Transparent and business-friendly NCA process<\/div>\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> 0% tax on undistributed corporate profits<\/div>\n<div style=\"padding:5px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> EKS SEPA system with SEPA Instant connectivity<\/div>\n<div style=\"padding:5px 0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Full TARGET2, SDD and SCT SEPA rail access<\/div>\n<\/div>\n<div style=\"margin-top:10px;padding-top:8px;border-top:1px solid #f0f0f0;text-align:center;\"><a href=\"#contact\" style=\"font-size:12px;font-weight:700;color:#d0252d;text-decoration:none;\">Enquire about Latvia &raquo;<\/a><\/div>\n<\/div>\n<\/div>\n<p style=\"font-size:12px;color:#444;margin-top:10px;margin-bottom:20px;font-style:italic;\">Jurisdiction selection is included in the Gold readiness audit. We assess your business model, tax objectives and substance capacity before making a formal recommendation.<br \/><a href=\"#contact\" style=\"color:#444;\">Contact us for a free initial consultation.<\/a><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<p>[vc_row id=&#8221;packages&#8221; rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;bottom&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;30&#8243; rt_padding_bottom=&#8221;30&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-1\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-1\"  style=\"margin-top:0px;\">PI Licensing Packages<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n<p style=\"text-align:justify;margin-bottom:14px;\"><strong>We offer three service tiers to match different stages of readiness and project scope.<\/strong> The Gold readiness audit is a standalone assessment for companies evaluating jurisdictions and costing out their PI project. Platinum covers the full licensing cycle from legal documentation through NCA authorization. Custom adds operational team building and local substance setup for companies that need a fully operational PI from day one.<\/p>\n<div style=\"display:grid;grid-template-columns:repeat(3,1fr);gap:16px;margin-top:12px;\">\n<div style=\"background:#fff;border:1px solid #e0e0e0;border-radius:8px;overflow:hidden;\">\n<div style=\"background:#f5f5f5;padding:18px 20px;border-bottom:2px solid #d0252d;\">\n<div style=\"font-size:11px;font-weight:700;color:#d0252d;letter-spacing:0.1em;text-transform:uppercase;margin-bottom:2px;\">Gold<\/div>\n<div style=\"font-size:18px;font-weight:700;color:#222;padding-bottom:6px;border-bottom:1px solid #ddd;margin-bottom:6px;\">PI Legal Opinion<\/div>\n<div style=\"font-size:15px;font-weight:700;color:#d0252d;margin-bottom:8px;\">&euro;10,000 fixed fee<\/div>\n<div style=\"font-size:12px;color:#444;line-height:1.5;\">A written legal opinion on your business model against PI requirements, covering jurisdiction recommendation, regulatory gap analysis and a project roadmap with cost estimate.<\/div>\n<\/div>\n<div style=\"padding:16px 20px;font-size:13px;color:#222;line-height:1.7;\">\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Written PI legal opinion<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Jurisdiction recommendation<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Regulatory compliance gap analysis<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Substance and capital roadmap<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Business model review<\/div>\n<div style=\"padding:6px 0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Timeline and total cost estimate<\/div>\n<\/div>\n<div style=\"padding:0 20px 20px;\"><a href=\"#contact\" class=\"pi-btn-contact\" style=\"display:flex;padding:10px;font-size:13px;border-radius:4px;\"><i class=\"far fa-envelope\" style=\"font-size:12px;\"><\/i>&nbsp;Enquire Now &raquo;<\/a><\/div>\n<\/div>\n<div style=\"background:#fff;border:2px solid #d0252d;border-radius:8px;overflow:hidden;box-shadow:0 2px 12px rgba(208,37,45,0.10);\">\n<div style=\"background:#ececec;padding:18px 20px;border-bottom:2px solid #d0252d;\">\n<div style=\"font-size:11px;font-weight:700;color:#d0252d;letter-spacing:0.1em;text-transform:uppercase;margin-bottom:4px;\">Platinum<\/div>\n<div style=\"font-size:18px;font-weight:700;color:#222;padding-bottom:6px;border-bottom:1px solid #d5d5d5;margin-bottom:6px;\">PI License Application<\/div>\n<div style=\"font-size:15px;font-weight:700;color:#d0252d;margin-bottom:8px;\">From &euro;60,000<\/div>\n<div style=\"font-size:12px;color:#444;line-height:1.5;\">Full licensing cycle from regulatory documentation through NCA submission and authorization. Includes all policy drafting, application management and post-approval compliance framework setup.<\/div>\n<\/div>\n<div style=\"padding:16px 20px;font-size:13px;color:#222;line-height:1.7;\">\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Everything in Gold package<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Full legal documentation package<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> AML\/CFT and governance policies<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> NCA application and regulatory liaison<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Safeguarding framework setup<\/div>\n<div style=\"padding:6px 0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Post-authorization compliance setup<\/div>\n<\/div>\n<div style=\"padding:0 20px 20px;\"><a href=\"#contact\" class=\"pi-btn-pkg\" style=\"display:flex;padding:10px;font-size:13px;border-radius:4px;\"><i class=\"fas fa-arrow-right\" style=\"font-size:12px;\"><\/i>&nbsp;Start Application &raquo;<\/a><\/div>\n<\/div>\n<div style=\"background:#fff;border:1px solid #e0e0e0;border-radius:8px;overflow:hidden;\">\n<div style=\"background:#f5f5f5;padding:18px 20px;border-bottom:2px solid #d0252d;\">\n<div style=\"font-size:11px;font-weight:700;color:#d0252d;letter-spacing:0.1em;text-transform:uppercase;margin-bottom:2px;\">Custom<\/div>\n<div style=\"font-size:18px;font-weight:700;color:#222;padding-bottom:6px;border-bottom:1px solid #ddd;margin-bottom:6px;\">License + Team Building<\/div>\n<div style=\"font-size:15px;font-weight:700;color:#d0252d;margin-bottom:8px;\">From &euro;120,000<\/div>\n<div style=\"font-size:12px;color:#444;line-height:1.5;\">Everything in Platinum plus full operational setup. We source and hire your local compliance team, establish office substance, arrange banking and provide ongoing AML outsourcing and team management.<\/div>\n<\/div>\n<div style=\"padding:16px 20px;font-size:13px;color:#222;line-height:1.7;\">\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Everything in Platinum package<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> CO\/MLRO\/CRO sourcing and onboarding<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Local office setup and substance<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Banking introductions (safeguarding + operational)<\/div>\n<div style=\"padding:6px 0;border-bottom:1px solid #f0f0f0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Mastercard\/VISA card scheme introductions<\/div>\n<div style=\"padding:6px 0;\"><i class=\"fas fa-check\" style=\"color:#1a7a4a;font-size:11px;margin-right:6px;\"><\/i> Ongoing compliance team management<\/div>\n<\/div>\n<div style=\"padding:0 20px 20px;\"><a href=\"#contact\" class=\"pi-btn-contact\" style=\"display:flex;padding:10px;font-size:13px;border-radius:4px;\"><i class=\"far fa-envelope\" style=\"font-size:12px;\"><\/i>&nbsp;Enquire Now &raquo;<\/a><\/div>\n<\/div>\n<\/div>\n<p style=\"font-size:12px;color:#444;margin-top:10px;font-style:italic;\">Note: Platinum and Custom pricing depends on jurisdiction and scope. Pricing shown is indicative. Company formation, share capital injection and annual NCA supervisory fees are separate.<br \/><a href=\"#contact\" style=\"color:#444;\">Contact us<\/a> for a detailed proposal.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<p>[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_bg_image=&#8221;36245&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;true&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-7\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-7 aligncenter\"  style=\"margin-top:0px;\"><span class=\"icon-ava-arrow7 heading_icon\"><\/span>PI Authorization: Phase-by-Phase Timeline<\/h2>\n\t\t\t\t\t<\/div>[\/vc_column][\/vc_row]<br \/>\n[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;0&#8243; rt_padding_bottom=&#8221;0&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;true&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-1\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-1\"  style=\"margin-top:0px;\">What to Expect: PI Authorization from Start to Go-Live<\/h2>\n\t\t\t\t\t<\/div>[\/vc_column][\/vc_row][vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;10&#8243; rt_padding_bottom=&#8221;0&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;][vc_column_text]<\/p>\n<style>\n.emi-ph-hdr{border-left:3px solid #d0252d;padding-left:10px;margin-bottom:10px;}\n.emi-ph-hdr h4{font-size:14px;font-weight:700;color:#222;margin:0 0 3px;line-height:1.3;}\n.emi-ph-hdr p{font-size:12px;color:#666;line-height:1.4;margin:0;}\n.emi-ph-box{background:#f5f5f5;border:1px solid #e5e5e5;border-radius:6px;padding:10px 12px;font-size:12px;color:#444;line-height:1.55;margin-bottom:12px;min-height:88px;}\n.emi-ph-num{font-size:62px;font-weight:700;color:#1a2a4a;line-height:1;text-align:center;letter-spacing:-2px;}\n.emi-ph-num-red{font-size:62px;font-weight:700;color:#d0252d;line-height:1;text-align:center;letter-spacing:-2px;}\n.emi-ph-unit{font-size:12px;color:#555;text-align:center;margin:2px 0 8px;}\n.emi-ph-arrow{text-align:center;font-size:18px;color:#d0252d;margin-bottom:6px;}\n.emi-ph-bar{position:relative;height:4px;background:#e0e0e0;border-radius:2px;margin:0 0 12px;}\n.emi-ph-bar-fill{position:absolute;left:0;top:0;height:4px;background:#d0252d;border-radius:2px;}\n.emi-ph-dot{position:absolute;top:-5px;width:14px;height:14px;background:#d0252d;border-radius:50%;margin-left:-7px;}\n.emi-ph-note{border:1.5px dashed #ccc;border-radius:6px;padding:9px 11px;font-size:11.5px;color:#555;line-height:1.55;margin-bottom:10px;min-height:80px;}\n.emi-ph-note strong{color:#222;}\n.emi-ph-card{background:#fff;border:1px solid #e0e0e0;border-top:3px solid #d0252d;border-radius:6px;padding:11px 12px;}\n.emi-ph-card-ttl{font-size:13px;font-weight:700;color:#222;margin-bottom:4px;display:flex;align-items:center;gap:6px;}\n.emi-ph-card-sub{font-size:11.5px;color:#555;line-height:1.5;margin:0 0 7px;}\n.emi-ph-card ul{margin:0;padding-left:15px;}\n.emi-ph-card ul li{font-size:11.5px;color:#444;line-height:1.6;margin-bottom:2px;}\n.pi-tl-grid{display:flex;align-items:stretch;}\n@media(max-width:900px){\n.pi-tl-grid{flex-wrap:wrap;}\n.pi-tl-grid > div{flex:0 0 calc(50% - 1px) !important;border-right:none !important;border-bottom:1px solid #e5e5e5;padding:0 0 20px 0 !important;margin-bottom:20px;}\n.pi-tl-grid > div:nth-child(2n){padding-left:16px !important;}\n}\n@media(max-width:640px){\n.pi-tl-grid > div{flex:0 0 100% !important;padding:0 0 20px 0 !important;border-right:none !important;}\n.emi-ph-num,.emi-ph-num-red{font-size:46px;}\n.emi-ph-arrow{display:none;}\n}\n<\/style>\n<p style=\"text-align:justify;margin-bottom:24px;\"><strong>The PI authorization process follows a structured regulatory sequence common across all EU member states, though exact timelines vary by NCA and application complexity.<\/strong> Well-prepared applications with complete documentation consistently progress faster than those requiring multiple rounds of supplementary information requests from the NCA. In practice, the end-to-end journey from initial engagement through to NCA authorization and SEPA go-live takes 9-12 months for most applicants. The single biggest driver of delays is documentation quality: NCAs pause the formal review clock each time they issue a supplementary information request, which can extend the process by weeks or months. A thorough preparation phase, a pre-submission meeting with the NCA and a complete, internally consistent application pack are the most effective ways to protect your timeline. Our team manages each of these stages, from the initial legal opinion through to post-authorization compliance setup.<\/p>\n<div style=\"background:#fff;border:1px solid #ddd;border-radius:8px;padding:22px 0 22px 0;overflow:hidden;\">\n<div class=\"pi-tl-grid\" style=\"display:flex;align-items:stretch;\">\n<div style=\"flex:1;padding:0 18px 0 22px;border-right:1px solid #e5e5e5;\">\n<div class=\"emi-ph-hdr\">\n<h4>1. Legal Opinion &amp; Preparation<\/h4>\n<p>Assess your model, select jurisdiction and plan the full documentation package.<\/p>\n<\/div>\n<div class=\"emi-ph-box\">Business model structuring, jurisdiction selection, AML\/CFT framework design and substance planning. Capital structure confirmed and company formation initiated.<\/div>\n<div class=\"emi-ph-num\">~4<\/div>\n<div class=\"emi-ph-unit\">\u20136 weeks<\/div>\n<div class=\"emi-ph-arrow\">&#8594;<\/div>\n<div class=\"emi-ph-bar\">\n<div class=\"emi-ph-bar-fill\" style=\"width:22%;\"><\/div>\n<div class=\"emi-ph-dot\" style=\"left:22%;\"><\/div>\n<\/div>\n<div class=\"emi-ph-note\"><strong>Practical note:<\/strong> Quality of preparation directly determines NCA review speed. Well-structured files receive fewer queries and progress significantly faster through the formal assessment.<\/div>\n<div class=\"emi-ph-card\">\n<div class=\"emi-ph-card-ttl\"><i class=\"fas fa-clipboard-list\" style=\"color:#d0252d;font-size:12px;\"><\/i> What to prepare<\/div>\n<p class=\"emi-ph-card-sub\">Build the regulatory and corporate structure before submission.<\/p>\n<ul>\n<li>Jurisdiction selection and scope mapping<\/li>\n<li>Capital planning and own funds structure<\/li>\n<li>AML\/CFT policies and governance framework<\/li>\n<li>Safeguarding and banking arrangements<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div style=\"flex:1;padding:0 18px;border-right:1px solid #e5e5e5;\">\n<div class=\"emi-ph-hdr\">\n<h4>2. Application Build &amp; Pre-Meeting<\/h4>\n<p>Prepare the full documentation package and present it to the NCA.<\/p>\n<\/div>\n<div class=\"emi-ph-box\">Drafting business plan, AML\/CFT programme, governance policies, MLRO appointment and safeguarding arrangements. Initial NCA meeting requested and held.<\/div>\n<div class=\"emi-ph-num\">~3<\/div>\n<div class=\"emi-ph-unit\">weeks<\/div>\n<div class=\"emi-ph-arrow\">&#8594;<\/div>\n<div class=\"emi-ph-bar\">\n<div class=\"emi-ph-bar-fill\" style=\"width:46%;\"><\/div>\n<div class=\"emi-ph-dot\" style=\"left:46%;\"><\/div>\n<\/div>\n<div class=\"emi-ph-note\"><strong>Legal timeline:<\/strong> In Malta, the MFSA pre-application meeting takes 5-10 weeks after engagement. Lithuania encourages pre-submission consultation before the formal 3-month NCA review clock starts.<\/div>\n<div class=\"emi-ph-card\">\n<div class=\"emi-ph-card-ttl\"><i class=\"fas fa-file-alt\" style=\"color:#d0252d;font-size:12px;\"><\/i> What must be complete<\/div>\n<p class=\"emi-ph-card-sub\">A coherent application prevents NCA queries and delays.<\/p>\n<ul>\n<li>Ownership, UBO and fit-and-proper packs<\/li>\n<li>Business plan with financial projections<\/li>\n<li>AML\/CFT and transaction monitoring policies<\/li>\n<li>ICT security and outsourcing arrangements<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div style=\"flex:1;padding:0 18px;border-right:1px solid #e5e5e5;\">\n<div class=\"emi-ph-hdr\">\n<h4>3. NCA Review &amp; Authorization<\/h4>\n<p>The NCA formally assesses the application. Queries pause the review clock.<\/p>\n<\/div>\n<div class=\"emi-ph-box\">NCA assesses governance, AML\/CFT programme, management fitness, capital adequacy, safeguarding structure and operational readiness. Queries are responded to promptly.<\/div>\n<div class=\"emi-ph-num\">~2-3<\/div>\n<div class=\"emi-ph-unit\">months<\/div>\n<div class=\"emi-ph-arrow\">&#8594;<\/div>\n<div class=\"emi-ph-bar\">\n<div class=\"emi-ph-bar-fill\" style=\"width:72%;\"><\/div>\n<div class=\"emi-ph-dot\" style=\"left:72%;\"><\/div>\n<\/div>\n<div class=\"emi-ph-note\"><strong>Legal timeline:<\/strong> Under PSD2, NCAs must decide within 3 months of a complete application. The clock is paused during supplementary information requests, so total review often runs longer in practice.<\/div>\n<div class=\"emi-ph-card\">\n<div class=\"emi-ph-card-ttl\"><i class=\"fas fa-search\" style=\"color:#d0252d;font-size:12px;\"><\/i> What is assessed<\/div>\n<p class=\"emi-ph-card-sub\">The NCA tests whether your PI can operate compliantly.<\/p>\n<ul>\n<li>AML\/CFT framework and KYC procedures<\/li>\n<li>Governance structure and management fitness<\/li>\n<li>Safeguarding and client fund protection<\/li>\n<li>ICT security and business continuity<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div style=\"flex:1;padding:0 22px 0 18px;\">\n<div class=\"emi-ph-hdr\">\n<h4>4. Authorization &amp; EU Passporting<\/h4>\n<p>Authorization granted. SEPA activated, passporting filed, operations commence.<\/p>\n<\/div>\n<div class=\"emi-ph-box\">Finalize SEPA connectivity, activate safeguarding account, file passporting notifications to target EU\/EEA states and launch compliant operations with ongoing AML reporting in place.<\/div>\n<div class=\"emi-ph-num-red\">~6-9<\/div>\n<div class=\"emi-ph-unit\">months total<\/div>\n<div class=\"emi-ph-arrow\">&#8594;<\/div>\n<div class=\"emi-ph-bar\">\n<div class=\"emi-ph-bar-fill\" style=\"width:100%;\"><\/div>\n<div class=\"emi-ph-dot\" style=\"left:calc(100% - 7px);\"><\/div>\n<\/div>\n<div class=\"emi-ph-note\"><strong>Passporting note:<\/strong> Once authorized, your PI notifies the home NCA of target EU\/EEA states. The home NCA forwards the notification. No separate licence is required in each country.<\/div>\n<div class=\"emi-ph-card\">\n<div class=\"emi-ph-card-ttl\"><i class=\"fas fa-globe\" style=\"color:#d0252d;font-size:12px;\"><\/i> What to maintain<\/div>\n<p class=\"emi-ph-card-sub\">Ongoing supervision expects live compliance, not just paper policies.<\/p>\n<ul>\n<li>Annual AML\/CFT reporting to the NCA<\/li>\n<li>KYC, transaction monitoring and MLRO<\/li>\n<li>Capital adequacy and supervisory fees<\/li>\n<li>EU expansion via passporting notifications<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p style=\"font-size:11px;color:#666;margin-top:12px;font-style:italic;\">* Timelines are indicative and depend on jurisdiction, documentation quality, NCA workload and the volume of supplementary information requests. Our team manages the full process to minimize delays at each stage.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<br \/>\n[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_margin_top=&#8221;0&#8243; rt_bg_image=&#8221;36245&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;true&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-7\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-7 aligncenter\"  style=\"margin-top:0px;\"><span class=\"icon-ava-arrow7 heading_icon\"><\/span>PI Licensing Process<\/h2>\n\t\t\t\t\t<\/div>[\/vc_column][\/vc_row][vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;top&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_margin_top=&#8221;0&#8243; rt_padding_top=&#8221;0&#8243; class=&#8221;canada_msb_block&#8221; rt_padding_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1900001001{margin-bottom:0!important;padding-bottom:0!important;}&#8221;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; stretch_background=&#8221;yes&#8221; rt_bg_image=&#8221;36247&#8243; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_padding_top=&#8221;40&#8243; rt_padding_bottom=&#8221;20&#8243; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_column_gaps=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; class=&#8221;icons_row_center&#8221;][vc_column_inner width=&#8221;1\/12&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_icon icon_fontawesome=&#8221;fas fa-search&#8221; color=&#8221;custom&#8221; size=&#8221;lg&#8221; custom_color=&#8221;#d0252d&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;5\/12&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<\/p>\n<h4>1. Assessment &amp; Business Model Review<\/h4>\n<p>We evaluate your business model, service scope and target markets, determine your optimal jurisdiction from Malta, Cyprus, Lithuania or Latvia, and recommend whether a full PI, small PI or EMI is the right structure. We produce a written readiness report with a clear project roadmap.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_icon icon_fontawesome=&#8221;fas fa-building&#8221; color=&#8221;custom&#8221; size=&#8221;lg&#8221; custom_color=&#8221;#d0252d&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;5\/12&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<\/p>\n<h4>2. Company Formation &amp; Capital Setup<\/h4>\n<p>We incorporate your PI entity in the chosen jurisdiction, arrange the registered office and local directorship, and coordinate the initial capital injection (from &euro;20,000 to &euro;125,000 depending on services) into a designated EU credit institution account.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_column_gaps=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; class=&#8221;icons_row_center&#8221; rt_padding_bottom=&#8221;10&#8243; rt_padding_top=&#8221;10&#8243;][vc_column_inner width=&#8221;1\/12&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_icon icon_fontawesome=&#8221;fas fa-file-alt&#8221; color=&#8221;custom&#8221; size=&#8221;lg&#8221; custom_color=&#8221;#d0252d&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;5\/12&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<\/p>\n<h4>3. Application Preparation &amp; NCA Submission<\/h4>\n<p>Our team prepares the full PSD2 documentation package including programme of operations, AML\/CFT policies, governance structure, MLRO appointment, safeguarding arrangements and business plan, and files the completed application with the NCA.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/12&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_icon icon_fontawesome=&#8221;fas fa-users-cog&#8221; color=&#8221;custom&#8221; size=&#8221;lg&#8221; custom_color=&#8221;#d0252d&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;5\/12&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<\/p>\n<h4>4. Authorization &amp; Ongoing Compliance<\/h4>\n<p>Once the NCA grants authorization, your PI is registered and passporting notifications can be filed across target EU\/EEA markets. We provide ongoing support including MLRO outsourcing, AML reporting and annual supervisory obligation management.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_btn title=&#8221;Contact us for a Free Assessment \u00bb&#8221; style=&#8221;outline-custom&#8221; outline_custom_color=&#8221;#d0252d&#8221; outline_custom_hover_background=&#8221;#d0252d&#8221; outline_custom_hover_text=&#8221;#ffffff&#8221; size=&#8221;lg&#8221; align=&#8221;center&#8221; i_icon_fontawesome=&#8221;far fa-envelope&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:%23contact&#8221; css=&#8221;.vc_custom_1764521622929{margin-top: 20px !important;margin-bottom: 0px !important;}&#8221;][\/vc_column][\/vc_row]<br \/>\n[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_margin_top=&#8221;0&#8243; rt_bg_image=&#8221;36245&#8243; css=&#8221;.vc_custom_1900001002{margin-top:0!important;padding-top:0!important;}&#8221;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;true&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-7\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-7 aligncenter\"  style=\"margin-top:0px;\"><span class=\"icon-ava-question heading_icon\"><\/span>Frequently Asked Questions<\/h2>\n\t\t\t\t\t<\/div>[\/vc_column][\/vc_row]<\/p>\n<p>[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;bottom&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;10&#8243; rt_padding_bottom=&#8221;5&#8243; class=&#8221;faq-compact&#8221;][vc_column width=&#8221;1\/2&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;true&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<br \/>\n[vc_toggle title=&#8221;What is a Payment Institution licence?&#8221; el_id=&#8221;pi-faq1&#8243;]A Payment Institution (PI) licence is an EU authorization issued under PSD2 (Directive 2015\/2366\/EC) by a national competent authority. It permits your company to provide the full range of PSD2 payment services including credit transfers, direct debits, card acquiring, money remittance, currency exchange, payment initiation and account information services, and to passport those activities across 30 EU\/EEA countries from a single authorization. A PI cannot issue electronic money or hold client balances as stored e-money value.[\/vc_toggle][vc_toggle title=&#8221;What is the difference between a PI and an EMI?&#8221; el_id=&#8221;pi-faq2&#8243;]The key difference is e-money issuance. An EMI can issue electronic money and hold client funds as stored e-money balances. A PI provides all the same PSD2 payment services but cannot issue e-money or maintain stored-value accounts. A PI requires lower initial capital (\u20ac20,000 to \u20ac125,000 vs \u20ac350,000 for an EMI) and typically authorizes faster. If your model does not require stored client balances or e-money wallets, a PI is the more capital-efficient route.[\/vc_toggle][vc_toggle title=&#8221;What are PI capital requirements under PSD2?&#8221; el_id=&#8221;pi-faq3&#8243;]PSD2 sets three capital tiers based on services. Money remittance only: \u20ac20,000 minimum. Payment initiation services only: \u20ac50,000 minimum. All other PSD2 services (credit transfers, direct debits, card acquiring, FX): \u20ac125,000 minimum. NCAs also assess ongoing capital adequacy using one of three methods: fixed overhead requirement, transaction volume percentage, or relevant indicator with a scaling factor. Regulators expect capital above the minimum at application stage. <a href=\"#contact\">Contact us<\/a> for a capital planning assessment.[\/vc_toggle][vc_toggle title=&#8221;What governance does a PI require?&#8221; el_id=&#8221;pi-faq4&#8243;]All four NCAs conduct a fit-and-proper assessment of directors, shareholders holding 10% or more of voting rights and key function holders. Your management body must have adequate education and experience. You will need a dedicated MLRO, an information security officer and a compliance function. The four eyes principle applies: at least two persons must effectively direct the business. NCAs assess management time commitment and local availability during the review process.[\/vc_toggle][vc_toggle title=&#8221;What documents does a PI application require?&#8221; el_id=&#8221;pi-faq5&#8243;]A complete PI application includes: programme of operations, business plan with three-year financial projections, AML\/CFT policies and procedures, safeguarding arrangements description, governance structure and management body questionnaires, IT security and business continuity plan, organisational chart, shareholder and UBO documentation with source of funds, evidence of initial capital, and professional indemnity insurance where required. Incomplete submissions pause the NCA review clock. <a href=\"#contact\">Contact us<\/a> for a full document checklist.[\/vc_toggle][vc_toggle title=&#8221;How long does PI authorization take?&#8221; el_id=&#8221;pi-faq6&#8243;]Under PSD2, NCAs must decide within 3 months of a complete application. In practice the clock pauses when the regulator issues supplementary information requests. The full process from pre-application meeting to receiving the licence typically takes 6-9 months for a PI, which is faster than an EMI (9-12 months). Lithuania and Latvia tend to be the most efficient of our four jurisdictions. All NCAs strongly encourage a pre-application meeting before formal submission.[\/vc_toggle]<br \/>\n[\/vc_column][vc_column width=&#8221;1\/2&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<br \/>\n[vc_toggle title=&#8221;What safeguarding is required for a PI?&#8221; el_id=&#8221;pi-faq7&#8243;]A PI must safeguard client funds received in connection with payment transactions. Options under PSD2 include segregating client funds in a dedicated account at an EU credit institution, separate from the PI&#8217;s own funds, or covering them with an insurance policy or comparable guarantee. Unlike an EMI, a PI does not hold client funds as stored e-money; funds must be safeguarded only for the duration of payment execution and remitted to the payee promptly. We assist with bank introductions for PI safeguarding accounts.[\/vc_toggle][vc_toggle title=&#8221;What is the pre-application process for a PI?&#8221; el_id=&#8221;pi-faq8&#8243;]All four NCAs encourage a pre-application meeting before formal submission. At this stage your company does not need to be incorporated yet. The NCA reviews your planned business model, services and structure, and advises on documents and common deficiencies. This meeting typically reduces supplementary information queries during formal review and can shorten the overall timeline. We coordinate pre-application meetings as part of the Platinum and Custom packages.[\/vc_toggle][vc_toggle title=&#8221;Can a PI issue IBANs and access SEPA?&#8221; el_id=&#8221;pi-faq9&#8243;]Yes. A licensed PI can open and maintain payment accounts and facilitate SEPA transactions for clients. Access to SEPA credit transfers and SEPA Instant depends on the PI&#8217;s banking arrangements. Lithuania&#8217;s CENTROlink and Latvia&#8217;s EKS provide direct SEPA access for licensed payment institutions. Card-based payment accounts may also be offered under a PI licence. Note that a PI cannot hold funds as stored e-money balances; client funds pass through to designated payee accounts.[\/vc_toggle][vc_toggle title=&#8221;Does a PI need local substance and a resident director?&#8221; el_id=&#8221;pi-faq10&#8243;]Yes. All four jurisdictions require your PI to have its registered and head office in the member state, and management must effectively direct operations from there. You need at minimum a locally based MLRO and senior management available to the NCA. NCAs conduct substance assessments during the application review and may interview key personnel. We provide substance solutions including outsourced MLRO and compliance officer services across all four jurisdictions.[\/vc_toggle][vc_toggle title=&#8221;What is a Small PI and is it right for my business?&#8221; el_id=&#8221;pi-faq11&#8243;]A Small PI (restricted activity licence) is available in Lithuania and Latvia as a sandbox entry point. It has no minimum capital requirement, faster authorization (3-4 months) and simplified governance requirements. However, it is limited to domestic operations only (no EU passporting), has restricted service scope (no PIS or AIS) and imposes transaction volume limits. It is designed for startups testing a business model before upgrading to a full PI with EU passporting rights. <a href=\"#contact\">Contact us<\/a> to assess which tier fits your stage.[\/vc_toggle][vc_toggle title=&#8221;What ongoing compliance is required after PI authorization?&#8221; el_id=&#8221;pi-faq12&#8243;]Authorized PIs must maintain an active MLRO and compliance function, submit regular prudential and AML\/CFT reports to the NCA (typically quarterly and annually), maintain ongoing capital adequacy and conduct annual AML\/CFT risk assessments. Any material changes to business model, key personnel or ownership structure require prior NCA notification or approval. Annual supervisory fees are charged based on the PI&#8217;s transaction volumes. We provide ongoing compliance support and regulatory reporting assistance post-authorization.[\/vc_toggle]<br \/>\n[\/vc_column][\/vc_row]<\/p>\n<p>[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_margin_top=&#8221;0&#8243; rt_bg_image=&#8221;36245&#8243;][vc_column rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;true&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-7\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-7 aligncenter\"  style=\"margin-top:0px;\"><span class=\"icon-mail heading_icon\"><\/span>Start Your PI Licensing Project<\/h2>\n\t\t\t\t\t<\/div>[\/vc_column][\/vc_row]<br \/>\n[vc_row id=&#8221;contact&#8221; rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;default&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_height=&#8221;&#8221; rt_column_gaps=&#8221;&#8221; rt_row_shadows=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_row_borders=&#8221;&#8221; rt_bg_effect=&#8221;classic&#8221; rt_transparent_bg=&#8221;false&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_layer=&#8221;&#8221; rt_bg_video_format=&#8221;self-hosted&#8221; rt_padding_top=&#8221;10&#8243; rt_padding_bottom=&#8221;10&#8243;][vc_column width=&#8221;2\/3&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;true&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-1\">\n\t\t\t\t\t\t<h2 class=\"rt_heading style-1\"  style=\"margin-top:0px;\">Get in Touch With Our PI Licensing Team<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n<p style=\"text-align:justify;margin-bottom:14px;\">Contact us through the form below or use any of our direct channels to discuss your PI licensing project. <strong>Every project we handle is backed by our team&#8217;s hands-on expertise across all four jurisdictions and a thorough compliance process, ensuring all PSD2 requirements are addressed before NCA submission.<\/strong> Share your business model, target services and preferred jurisdiction and we will respond with an initial project review.<\/p>\n<p>[\/vc_column_text]\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f36490-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"36490\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/eng\/wp-json\/wp\/v2\/pages\/38617#wpcf7-f36490-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"36490\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.4\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f36490-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"rt_form\">\n\t<ul>\n\t\t<li class=\"form-input\">\n\t\t\t<p><label><span class=\"wpcf7-form-control-wrap\" data-name=\"yourname\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text\" aria-invalid=\"false\" placeholder=\"Your name *\" value=\"\" type=\"text\" name=\"yourname\" \/><\/span> <\/label>\n\t\t\t<\/p>\n\t\t<\/li>\n\t\t<li class=\"form-input\">\n\t\t\t<p><label> <span class=\"wpcf7-form-control-wrap\" data-name=\"email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email *\" value=\"\" type=\"email\" name=\"email\" \/><\/span><\/label>\n\t\t\t<\/p>\n\t\t<\/li>\n\t\t<li class=\"form-input\">\n\t\t\t<p><label> <span class=\"wpcf7-form-control-wrap\" data-name=\"telephone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text\" aria-invalid=\"false\" placeholder=\"Telephone\" value=\"\" type=\"text\" name=\"telephone\" \/><\/span><\/label>\n\t\t\t<\/p>\n\t\t<\/li>\n\t\t<li class=\"form-input\">\n\t\t\t<p><label> <span class=\"wpcf7-form-control-wrap\" data-name=\"message\"><textarea cols=\"2\" rows=\"5\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your message *\" name=\"message\"><\/textarea><\/span><\/label>\n\t\t\t<\/p>\n\t\t<\/li>\n\t\t<li class=\"submit-button\">\n\t\t\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"SEND NOW \u00bb\" \/>\n\t\t\t<\/p>\n\t\t<\/li>\n\t<\/ul>\n<\/div><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n<p style=\"font-size:11px;color:#999;margin-top:0;line-height:1.6;\">By submitting this form you agree to our <a href=\"https:\/\/www.maxcorp.eu\/eng\/privacy-policy\/\" target=\"_blank\" rel=\"noopener\" style=\"color:#999;\">Privacy Policy<\/a>. Your personal data is processed solely for the purpose of responding to your enquiry and will not be shared with third parties. You have the right to access, correct or delete your data at any time.<\/p>\n<p>[\/vc_column][vc_column width=&#8221;1\/3&#8243; rt_col_paddings=&#8221;true&#8221; rt_wrp_col_paddings=&#8221;false&#8221; rt_column_shadow=&#8221;&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_color=&#8221;&#8221; rt_bg_overlay_color=&#8221;&#8221;]<div class=\"rt_heading_wrapper style-3\">\n\t\t\t\t\t\t<h3 class=\"rt_heading style-3\" ><span class=\"icon-mail heading_icon\"><\/span>Contact details<\/h3>\n\t\t\t\t\t<\/div>[vc_column_text css=&#8221;.vc_custom_1748200020{margin-bottom: 15px !important;}&#8221;]Contact us to discuss your PI project with our licensing team or to arrange an online meeting.[\/vc_column_text][vc_btn title=&#8221;Book a Meeting at Calendly &raquo;&#8221; style=&#8221;custom&#8221; custom_background=&#8221;#d0252d&#8221; custom_text=&#8221;#ffffff&#8221; i_icon_fontawesome=&#8221;far fa-calendar-alt&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:https%3A%2F%2Fcalendly.com%2Fmaxcorp%2F30min||target:%20_blank&#8221;]\t \n\t\t<div  class=\"with_icons style-4 \">\n\t\t\t \n\t\t<div  >\n\t\t<span class=\"icon-chat-empty icon\"><\/span><div class=\"list-content\"><p><a href=\"https:\/\/api.whatsapp.com\/send?phone=3725043245&amp;text=Hello%2C%20I%20am%20interested%20in%20PI%20licensing%20services\" target=\"_blank\" rel=\"noopener noreferrer\">WhatsApp message us<\/a><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t<div  >\n\t\t<span class=\"icon-telegram-logo icon\"><\/span><div class=\"list-content\"><p><a href=\"https:\/\/t.me\/maxcorp_eu\" target=\"_blank\" rel=\"noopener\">Telegram message us<\/a><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t<div  >\n\t\t<span class=\"icon-mail icon\"><\/span><div class=\"list-content\"><p><a href=\"mailto:fintech@maxcorp.eu\">Email us at fintech@maxcorp.eu<\/a><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t<div  >\n\t\t<span class=\"icon-ava-location icon\"><\/span><div class=\"list-content\"><p><a href=\"#contact\" style=\"color:#d0252d;\">Malta | Cyprus | Lithuania | Latvia<\/a><\/p>\n<\/div>\n\t\t<\/div>\n\t\n\t\t<\/div>\n\t<div class=\"google_map_holder\" data-height=\"300\" data-scope=\"#map-129919\" data-bw=\"yes\">\n\n\t\t\t<div id=\"map-129919\" class=\"google_map\"><\/div>\n\t\t\t<script type=\"text\/javascript\">\n\t\t\t \/* <![CDATA[ *\/ \n\t\t\t\t\/\/ Runs google maps\t\n\t\t\t\t\tjQuery(function() {\n\t\t\t\t\t\tjQuery(\"#map-129919\").rt_maps([[\"Malta - MFSA\", 35.8997, 14.5147, 4,\"Malta PI Licensing\"],[\"Cyprus - CBC\", 35.1856, 33.3823, 4,\"Cyprus PI Licensing\"],[\"Lithuania - Bank of Lithuania\", 54.6872, 25.2797, 4,\"Lithuania PI Licensing\"],[\"Latvia - Latvijas Banka\", 56.9496, 24.1052, 4,\"Latvia PI Licensing\"],],5); \n\t\t\t\t\t});\n\t\t\t\/* ]]> 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