Authorised EMoney Institutions, or AEMI’s, are types of financial institutions that are authorised to issue EMoney and authorise EMoney Transactions.
Find out how MC Contabilidade can manage your AEMI License Application
MC Contabilidade specialises in the acquisition of Authorised EMoney Licenses for companies based in the United Kingdom.
Businesses based in the United Kingdom that want to issue EMoney require authorisation from the Financial Conduct Authority, under the Electronic Money Regulations (2011) and the Payment Services Register (2017).
Businesses that generate more than €5 million in EMoney on average, or conduct more than an average of €3 million per month in unrelated payment services are required to apply for a AEMI License.
Requirements for UK AEMI License Holders include:
- A minimum initial capital of €350,000 EUR
- UK Based Company
- Business Plan and 3-year Financial Forecast, including:
- Evidence that the business can generate EMoney with a forecast monthly average.
- Thorough detail on how the business will protect user funds.
- Internal policies and procedures governing safe and effective management of an EMoney business.
- Detailed Business Plan outlining the scope of the business and the reason the license is required.
- Local (United Kingdom based) AddressLocal (United Kingdom based) Director
Complete the contact form and a member of the MC Contabilidade team will get in touch with you to discuss your specific circumstances.
+351 291 625 894
MC Contabilidade, Rua das Pretas 43, Andar 3, 9000-049 Funchal, Portugal
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