E-Money & Payment Institutions
At LegalEdge we provide a comprehensive, end-to-end service package to support the establishment and ongoing operation of Electronic Money Institutions (EMIs) and Payment Institutions (PIs) in Cyprus. Our services are tailored to meet regulatory requirements and align with your business objectives.
Licensing & Regulatory Advisory Services
Strategic consultation on the optimal structure of the EMI/PI in line with regulatory standards and your commercial goals
Preparation and submission of the full application to the Central Bank of Cyprus
Drafting of the Internal Operations Manual
Assistance with the development of the Business Plan and Financial Projections
Preparation of the Anti-Money Laundering (AML) Manual and Know Your Client (KYC) Policies and Procedures
Support in completing regulatory questionnaires for shareholders, directors, and senior management
Ongoing communication and coordination with the Central Bank during the application review process
Assistance with licence activation
Support with EU passporting procedures for cross-border services
Legal & Corporate Services
Incorporation of the legal entity in Cyprus
Drafting of a tailored Memorandum and Articles of Association suitable for EMI/PI operations
Preparation of Shareholders’ Agreements, Terms & Conditions, and other legal documentation as required
Ongoing legal and corporate governance support
