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Latvia Payment Service Providers License

Electronic Money Services Business

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Latvia Payment Service Providers

Neptune Fiduciaries assists fintech businesses in obtaining Payment Service Provider (PSP) authorization in Latvia, an EU jurisdiction known for its supportive fintech ecosystem and access to the European Economic Area. A Latvian PSP licence allows businesses to offer payment processing, fund transfers, and related financial services while benefiting from EU passporting rights.

Regulatory Authorization

PSPs must obtain formal authorization from the Financial and Capital Market Commission (FCMC) before offering any regulated payment services.

Fit and Proper Management

Directors and senior management must meet the FCMC's fit and proper standards, demonstrating relevant experience and a clean regulatory record.

Operational Infrastructure

Businesses must show they have reliable systems, processes, and risk controls in place to handle client transactions securely.

Ongoing Supervision

Once authorized, PSPs remain subject to continuous monitoring and reporting requirements to maintain compliance with Latvia's payment services regulations.

With Neptune Fiduciaries managing your application and ongoing compliance needs, setting up a Latvia PSP becomes a smooth and well-supported process from start to finish.

Basic Requirements for Full E-Money Business Authorization

Adequate Initial Capital

The business must hold the minimum initial capital required by the FCMC for full e-money licence holders.

Sound Business Plan

A detailed business plan covering the company's structure, intended services, and financial projections must be submitted.

Robust AML/CFT Framework

Applicants must demonstrate strong anti-money laundering and counter-terrorist financing policies and procedures.

Qualified Governance Structure

The company must have directors and senior management who meet fit and proper requirements, along with clear internal governance arrangements.

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.

Launch Your Electronic
Money Business

We manage EMI licensing, structuring, and compliance so you can focus on scaling your payments platform. From initial authorisation to passporting and ongoing supervision, we handle the full regulatory lifecycle.

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