Legal entities that need a license payment system in Spain, must be registered in the country - for example, as sociedadanónima. The authorized capital of the company must be more or equal to 350 thousand euros, and it must be supplemented with assets sufficient to support the business. The company is obligated to provide a description of technical tools for the protection of funds and customer data, as well as an information on:
The registrar reviews the application within a period of up to three months. If a decision is not rendered for a period, the application is deemed rejected. If a Spanish payment license is received, the company must transfer an information on itself to the trade register and the special register of the National Bank prior the commencement of operations.
Our company provides a full range of services for licensing of EMI tools and payment systems in Spain. Experts will help to develop a tax model and work strategy, provide comprehensive consultations. We support the following:
A cooperation with "Prifinance" is a guarantee of the fulfillment of all the requirements of Spanish and European legislation. By contacting our company, you save time, minimize the risk of dismissal and shift bureaucratic procedures to the shoulders of qualified experts.