Authorised EMoney Institution (AEMI) License


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

With an AMEI Licenses appointed in the United Kingdom, the list of permitted activities are as follows:

Services enable cash to be deposited into a payment account and the operations required for operating a payment account.

Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account.

Completion of payment transactions, including transfers of funds from a payment account with the user’s payment service provider or with another payment service provider:

  • Completion of payment transactions through a payment card or a similar device.
  • Completion of credit transfers, including standing orders.
  • Completion of direct debits, including one-off direct debits.


Completion of payment transactions where the funds are covered by a credit line for a payment service user:

  • Completion of direct debits, including one-off direct debits
  • Completion of credit transfers, including standing orders.
  • Completion of payment transactions through a payment card or a similar device.

 Issuing of payment instruments and/or acquiring of payment transactions.

Money remittance.

Payment initiation services.

Account information services.

Issuing e-money, provision of operational services and closely related ancillary services or the provision of payment services.

Operation of payment systems.

Business activities other than issuance of electronic money, having regard to the applicable Community and national law, etc.

    The package includes: 

    UK Company Formation, including a physical address and a local secretary

    AEMI License – *Subject to FCA Approval

    Business Plan Anti-Money Laundering and KYC policies and procedures

    SWIFT and LEI Code Registration

     AEMI License Application Process

    Step 1 – United Kingdom Company Formation

    Requirement: Three choices for a Company Name, names of Directors/Shareholders, Proof of Address for Directors/Shareholders, Company Legal Address

    Step 2 – Development of Business Plan, AML and KYC Policies and Procedures

    Requirements - Scope of the activity, details of AML, CFT and KYC Officer experience

    Step 3 – Application Submission

    Time frame - AEMI Applications can take between 3 and 8 months. In our experience, the turnaround time is typically 4 months from the date of application.

    Step 4 – Application for SWIFT and LEI codes is submitted.

    Step 5 – AEMI License is granted and the scope of activity in the United Kingdom can begin.

    Contact Us

    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

    Our Services

    Company Formation

    Madeira Company specialises in the incorporation and registration of new businesses and companies in Madeira and Portugal. We have an experienced team ready to assist you with all aspects of company formation. Whether you choose a Public (S.A) or Limited (LDA) company, our team offer thorough guidance and expert support with name registration and approval, certificate of incorporation, fiscal number, and opening a company bank account.

    Tax Consulting

    Our dedicated team offers advice on compliance with local taxation requirements, and assistance in tax refunds and tax litigation. Madeira Company works with you to mitigate your tax risks and improve the efficiency of your local and international operations in Madeira. Our in-house team of experienced tax professionals are ready to assist with Personal Income Tax, Non-Habitual Residency and Fiscal Representation.


    Madeira-based Bookkeeping and accounting services, including VAT, Profit Tax returns and the preparation of financial statements. Our expert team can discuss the level of support required for your business. We will assist you with VAT and tax returns to your local authority, periodic and annual reporting as well as your End of Year accounting. Contact us today to find out how our team of experienced accountants can help you and your business.

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