Small Payment Institutions, or SPI’s, are determined by the Payment Service Regulations, 2017, as companies that offer services such as remittance, payment processing and operating payment accounts, whose annual turnover does not exceed €3 Million Euros.
MC Contabilidade specialises in the acquisition of SPI Licenses for companies based in the United Kingdom.
Requirements for UK SPI License Holders include:
A UK head office and registered office (although the Financial Conduct Authority is gradually opening up to remote working models)
UK-resident management with the right knowledge, training, and experience.
Owners, directors, and senior managers that are fit and proper
Average monthly payment service turnover of less than €3m (actual or projected)Detailed and effective controls to manage the business
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
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.
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