Liechtenstein E-money License

E-money institutions in Liechtenstein are governed solely by the legal provisions and the orders of the Financial Market Authority (FMA) Liechtenstein, which is the supervisory authority.

Key Features

Undertakings wanting to issue electronic money (e-money) on a professional basis in Liechtenstein require a licence issued by the FMA to take up their business activities as an electronic money institution (e-money institution). In addition to issuing e-money, the following activities are also covered by this licence:

  • the provision of payment services;
  • the granting of credit related to payment services;
  • the provision of operational services and closely related ancillary services in respect of the issuing of e-money;
  • the operation of payment systems; or
  • business activities other than issuance of e-money, as long as no other legal provisions are violated.

Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Company, Limited partnership

  • Local physical office required

Yes

Share capital or equivalent

·         Minimum paid up capital

EUR 350,000

Directors

  • Minimum number

1

  • Corporate directorship allowed

Yes

  • Local director required

No

Shareholders

  • Minimum number

1

  • Corporate shareholders allowed

Yes

  • Local  shareholders required

No

Service Providers Required

  • Company Secretary

Yes

  • Auditor

Yes

Tax Treatment

  • Resident legal entities, which are legal entities established in Liechtenstein or whose place of effective management is in Liechtenstein, are generally subject to tax on their worldwide income.
  • Non-resident legal entities are generally subject to tax on their Liechtenstein source income.
  • The standard corporate income tax rate is 12.5%. A minimum tax of CHF 1,200 generally applies.

Duration to Set Up

About 3 months

Distinctive Benefits of Licence

  • Ease and speed of establishment
  • Friendly regulatory environment

The Valsen Advantage

  • End to end comprehensive service
  • Speedy and efficient service
  • Expert advice on structuring options
  • Dedicated ongoing compliance support
  • Extensive network pool of service providers

Telephone:

+248 252 5217

[email protected]

vf-international.com