Luxembourg Payment Institutions, Electronic Money Institutions and AISP
Luxembourg is a highly respected jurisdiction for Payment Institutions, Electronic Money Institutions, and AISPs, regulated by the Commission de Surveillance du Secteur Financier (CSSF) and offering full EU passporting rights. Its central EU location and strong regulatory reputation make it an ideal base for fintech businesses accessing the entire European market. Neptune Fiduciaries helps clients obtain their payment or EMI license in Luxembourg, ensuring full CSSF compliance.
Payment Institutions provide payment services including money transfers and card processing, while EMIs additionally issue electronic money and stored-value products. AISPs operate under a lighter framework, providing account information services without handling client funds. Neptune Fiduciaries helps clients select the most appropriate license category and prepares all documentation for CSSF submission.
Whether establishing a payment institution, EMI, or AISP in Luxembourg, Neptune Fiduciaries provides complete support throughout the entire licensing process, handling all regulatory communication and compliance preparation on your behalf.
Authorisation Procedure
The authorization procedure for PIs, EMIs, and AISPs in Luxembourg is overseen by the CSSF and requires applicants to submit a comprehensive application including a business plan, governance documentation, compliance policies, and fit and proper declarations for key personnel. Neptune Fiduciaries manages the entire application preparation process, ensuring every document is accurately compiled and professionally presented.
Once submitted, the CSSF conducts a thorough review and may request additional information before issuing a decision. Neptune Fiduciaries maintains direct communication with the CSSF throughout the review, responding promptly to any queries to keep the process moving efficiently.
Upon receiving authorization, the institution can begin offering services and passport them across the EU. Neptune Fiduciaries provides continued compliance support after authorization, ensuring your institution remains in good standing with the CSSF.
Minimum Capital Requirements Under the PSL Law
Payment Institution
A Payment Institution must maintain a minimum initial capital of EUR 125,000, ensuring sufficient financial resources to meet client and CSSF obligations throughout its licensed operations.
Electronic Money Institution
An EMI must hold a minimum initial capital of EUR 350,000, reflecting the higher responsibility involved in issuing electronic money and managing stored-value products on behalf of clients.
Account Information Service Provider
An AISP is subject to a lower capital requirement compared to full PIs and EMIs, as its activities are limited to accessing and presenting account information without handling client funds.
Ongoing Capital Adequacy Maintenance
All licensed institutions must continuously monitor their capital levels and remain above the required minimum at all times, promptly notifying the CSSF of any material changes in their financial position.
Get in Touch
For further details, please contact Neptune Fiduciaries via email info@neptunecorporate.com or sales@neptunecorporate.com or visit our Contact Us page.
