Electronic Money Institution Licence in Spain
EU passporting, gateway to Latin America. Bank of Spain regulated. Capital from €350k. Typical timeline 6 to 12 months.
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Tell us the business, the markets and your timing. Every enquiry is answered the same business day, with a written proposal: the licence, the requirements, the cost and the timeline.
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Why Spain for Your Electronic Money Institution Licence?
Spain combines EU market access with strong Latin American commercial links, making it attractive for firms targeting both European and Latin American e-money markets.
The Bank of Spain regulates EMIs under the EMD2 framework. Spain's linguistic and cultural ties to Latin America make it a strategic base for firms with dual-hemisphere ambitions.
Licence requirements
Detailed requirements
€350,000 capital. Local substance required. Comprehensive documentation in Spanish expected.
Application process
Regulatory Strategy
We assess your business model and regulatory position to develop a clear licensing strategy.
Business Plan
We prepare a comprehensive business plan meeting the regulator's expectations.
Programme of Operations
Detailed programme of operations covering governance, compliance, and operational arrangements.
Compliance Framework
Full AML/CFT framework, compliance monitoring programme, and risk management policies.
Application Submission
We compile and submit the complete application package to the regulator.
Regulator Review
We manage all regulator communications and information requests during the review period.
Authorisation
Upon approval, we support your transition to live operations.
Process detail
6 to 12 months.
Spain vs United Kingdom
| Criteria | Spain | United Kingdom |
|---|---|---|
| Capital | €350k | £350k |
| Timeline | 6 to 12 months | 6 to 12 months |
| Regulator | Bank of Spain | FCA |
| Key Feature | EU passporting, gateway to Latin America | Full EMI or Small EMI available, UK market access |
Related services
Licensing & Authorisation
Full-service licensing advisory from strategy to authorisation.
Compliance Support
Ongoing compliance frameworks tailored to your regulatory obligations.
Financial Crime
AML, KYC and financial crime prevention programmes.
Ready to get started?
Every enquiry is answered the same business day, with a written proposal.
Speak to a licensing expertFrequently asked questions
The capital requirement for a electronic money institution licence in Spain is €350k. €350,000 capital. Local substance required. Comprehensive documentation in Spanish expected.
The typical timeline for a electronic money institution licence in Spain is 6 to 12 months. 6 to 12 months.
Spain combines EU market access with strong Latin American commercial links, making it attractive for firms targeting both European and Latin American e-money markets.
After receiving your electronic money institution licence in Spain, you must maintain ongoing compliance with regulatory requirements including safeguarding of customer funds, regular regulatory reporting, maintaining adequate capital, updating AML and compliance frameworks, and cooperating with supervisory reviews and inspections.
Most jurisdictions require local substance for a electronic money institution licence. In Spain, you will typically need a registered office, at least one locally resident director, and potentially additional operational staff. We can advise on the exact requirements and help you establish the minimum viable local presence.
A electronic money institution licence in Spain provides access to the domestic market. EU passporting, gateway to Latin America. Separate authorisation may be required for other jurisdictions.