Secure a full EU passport with one approval: operate in all 30 EEA countries and tap into a market of 450 million+ people.
Latvian EMI License - Your Gateway to Europe
Latvian EMI
A full Electronic Money Institution (EMI) license empowers you to issue e‑money, open payment accounts, and deliver a wide spectrum of payment services across the European Economic Area. Latvia’s clear‑cut regulatory framework, predictable timelines and solid local expertise of BMP Global - make it one of the fastest, most cost‑effective gateways into Europe’s payments ecosystem.
Latvian EMI license is automatically passported to all EU member states - unlocking seamless operations in 30 EEA states and reaching over 450 million potential customers with a single approval.
Direct access to the central‑bank‑run EKS (Electronic Clearance System) platform lets Latvian EMIs gain their own BIC and real‑time SEPA reach without correspondent banks, cutting costs and settlement times.
Permitted Activities
Access to SEPA / Euro
Issue e‑money & multi‑currency wallets
Provide Open‑Banking services (PIS & AIS)
Offer white‑label Banking‑as‑a‑Service
Facilitate instant money remittance
Acquire card payments for merchants
Launch branded debit & prepaid cards
Open IBAN payment accounts
Cost‑Efficient SEPA
SEPA transfers routed through Latvia’s EKS clearing rail cost 60% less of what Lithuania’s CENTROlink charges.
Why Latvia?
Minimum own funds start at just €350 k (calculated on transactional volume thereafter), letting you deploy more cash into product development, marketing, and customer acquisition instead of tying it up as locked regulatory capital.
Capital‑efficient entry point
Deep fintech talent & compliance expertise
Abundant pool of payments engineers, developers, highly qualified AML, MLRO and CRO professionals, and product specialists ready to join your project on short notice.
Regulatory correspondence, portals, and legislation are fully available in English, and local banks, tech vendors, and audit firms are accustomed to cross‑border fintechs - making day‑to‑day operations smooth for international teams.
Modern infrastructure for cross-border fintechs
Streamlined licensing with Latvian Central Bank
Latvia’s single‑tier supervisor issues both payment‑ and e‑money licences, follows clear guidelines, and assigns a dedicated case officer - so your application moves from submission to authorization, on a predictable timeline, without surprises.
3 Essential Steps of Obtaining License
Regulatory pre‑screening
01
≈ 1-2 months
≈ 2-4 months
≈ 2-3 months with pre-approval
02
Infrastructure, compliance & dossier assembly
Filing & review
03
Submit an indicative dossier (business outline, shareholder/UBO KYC, proposed board & MLRO) to Latvijas Banka. A positive comfort letter de‑risks the project and green‑lights full drafting.
Create the detailed business plan, AML/CTF and safeguarding frameworks, cyber‑security & data‑protection policies; secure local infrastructure and gather due‑diligence evidence in line with regulator templates.
Deposit share capital, submit the complete EMI application, and engage with the supervisor through Q&A rounds and meetings until conditional or final approval is granted.
Post‑Licence Operational Support
Talent placement
Recruit and vet Board members, CEOs, AML Officers, MLROs, CROs and other “key function” holders.
Provide interim secondees while permanent hires are finalized.
Once approval is in sight, we switch focus to getting you live - and keeping you compliant – from day 1 onward:
Ongoing legal, tax & regulatory care
Compliant premises
Secure office space that satisfies regulator criteria for physical presence, data‑security and visitor‑access controls.
Negotiate flexible terms to match your growth trajectory.
Draft customer agreements, policies and reporting templates.
Handle post‑licensing filings, supervisory queries and audit liaison.
Advise on tax structuring, transfer‑pricing and cross‑border VAT for EU‑wide operations.
Faster approvals, seamless launch, one partner.
Why BMP Global?
01
02
03
Global licensing specialists – 100+ financial & crypto approvals delivered worldwide; we know every regulatory playbook.
Local to Latvia - Riga‑based team with ex‑bankers onboard; we speak the supervisor’s language and can be in their office the same day.
Instant talent & connections – pre‑vetted AML/MLRO and C‑suite candidates plus deep ties to auditors, banks and service vendors.
Other licensing and solution options
Contact Us
+371 2811 4110
info@bmpglobal.io
Get in touch with us to inquire on our services.
By submitting this information, you agree to out Terms and Conditions
Contact Us
+371 2811 4110
Info@bmpglobal.io
Get in touch with us to inquire on our services.
By submitting this information, you agree to out Terms and Conditions
© BMP Global 2025 All rights reserved.
BMP Global is a trading name of SIA OreonTech registered under reg. number 40203547049 with legal address: Anninmuizas boulevard 41 - 173, Riga, Latvia, LV-1067 and Techfinity Solutions LTD registered under reg. number 15353805 with legal address: 128 City Road, London, EC1V 2NX, United Kingdom.
+371 28114110
Anninmuizas boulevard 41 - 173, Riga, Latvia
