Finance institutions and Fintech licensing in the single European financial market

Fintech companies, banks, electronic money institutions, payment service providers, insurance companies, investment advisors, securities brokers and other financial institutions in Europe are subject to higher regulatory and risk management requirements.

Licensing of a financial institution in one European member state within the European Union (EU)/European Economic Area (EEA) opens up business opportunities to provide services in all other states, enjoying benefits of the worlds biggest common market of 450 million wealthy consumers and over 20 million businesses.

Purchasing of existing PSP, EMI or other financial institution may save lot of time required for the licensing, business set up and allows start business operations faster. ECOVIS will advise you select the right acquisition target and guide you during the company acquisition process.

In case you are planning to sell your licensed financial institution, ECOVIS may advice you finding the right purchaser able to meet regulatory requirements and receive permission to purchase the shares of financial institution.

After the adoption of pan-European MiCA regulation allowing crypto service passportization in EU/EEA ECOVIS advice Crypto Asset Service Providers (CASP) on MiCA compliance and conversion of their existing licenses in to the European passportable crypto licenses.

Below you will find short descriptions of licensing solutions and services offered by ECOVIS.