# Electronic money institution (EMI) Source page: https://protegra.io/licensing/licences/emi/ An electronic money institution (EMI) licence authorises a company to issue electronic money and to provide payment services. In the EU and EEA it rests on the second E-Money Directive, carries minimum own funds of EUR 350,000 and can be passported to every member state. Outside Europe, comparable regimes exist under national payment and stored-value laws. ## Where the EMI licence is available _Jurisdictions in the Atlas that issue a EMI licence. Click a country for its page._ ## Comparison by country | Country | Regulator | Min. capital | Statutory time | Passport | | --- | --- | --- | --- | --- | | [Czech Republic](https://protegra.io/licensing/licences/emi/czech-republic-small-scale/) | [CNB](https://protegra.io/licensing/regulators/cnb-czechia/) |: | 1 mo | Domestic | | [Czech Republic](https://protegra.io/licensing/licences/emi/czech-republic/) | [CNB](https://protegra.io/licensing/regulators/cnb-czechia/) |: | 3 mo | EU/EEA | | [Estonia](https://protegra.io/licensing/licences/emi/estonia-exception/) | [FI](https://protegra.io/licensing/regulators/finantsinspektsioon-estonia/) |: |: | EU/EEA | | [Estonia](https://protegra.io/licensing/licences/emi/estonia/) | [FI](https://protegra.io/licensing/regulators/finantsinspektsioon-estonia/) |: | 3 mo | EU/EEA | | [Germany](https://protegra.io/licensing/licences/emi/germany/) | [BaFin](https://protegra.io/licensing/regulators/bafin-germany/) |: | 3 mo | EU/EEA | | [Ireland](https://protegra.io/licensing/licences/emi/ireland-small/) | [CBI](https://protegra.io/licensing/regulators/central-bank-of-ireland/) |: |: | Domestic | | [Ireland](https://protegra.io/licensing/licences/emi/ireland/) | [CBI](https://protegra.io/licensing/regulators/central-bank-of-ireland/) |: |: | EU/EEA | | [Latvia](https://protegra.io/licensing/licences/emi/latvia-registered/) | [LB](https://protegra.io/licensing/regulators/latvijas-banka/) |: | 0.7 mo | EU/EEA | | [Latvia](https://protegra.io/licensing/licences/emi/latvia/) | [LB](https://protegra.io/licensing/regulators/latvijas-banka/) |: | 0.7 mo | EU/EEA | | [Lithuania](https://protegra.io/licensing/licences/emi/lithuania-restricted/) | [LB](https://protegra.io/licensing/regulators/bank-of-lithuania/) |: |: | Domestic | | [Lithuania](https://protegra.io/licensing/licences/emi/lithuania/) | [LB](https://protegra.io/licensing/regulators/bank-of-lithuania/) | EUR 350,000 | 3 mo | EU/EEA | | [Luxembourg](https://protegra.io/licensing/licences/emi/luxembourg/) | [CSSF](https://protegra.io/licensing/regulators/cssf-luxembourg/) |: | 3 mo | EU/EEA | | [Malta](https://protegra.io/licensing/licences/emi/malta/) | [MFSA](https://protegra.io/licensing/regulators/mfsa-malta/) |: | 3 mo | EU/EEA | | [Netherlands](https://protegra.io/licensing/licences/emi/netherlands-exempt/) | [DNB](https://protegra.io/licensing/regulators/dnb-netherlands/) |: |: | Domestic | | [Netherlands](https://protegra.io/licensing/licences/emi/netherlands/) | [DNB](https://protegra.io/licensing/regulators/dnb-netherlands/) |: | 3 mo | EU/EEA | | [Poland](https://protegra.io/licensing/licences/emi/poland/) | [KNF](https://protegra.io/licensing/regulators/knf-poland/) |: | 3 mo | EU/EEA | | [Slovakia](https://protegra.io/licensing/licences/emi/slovakia/) | [NBS](https://protegra.io/licensing/regulators/nbs-slovakia/) |: |: | EU/EEA | | [Spain](https://protegra.io/licensing/licences/emi/spain/) | [BdE](https://protegra.io/licensing/regulators/banco-de-espana/) |: | 3 mo | EU/EEA | | [United Kingdom](https://protegra.io/licensing/licences/emi/united-kingdom-semi/) | [FCA](https://protegra.io/licensing/regulators/fca-uk/) |: |: | Domestic | | [United Kingdom](https://protegra.io/licensing/licences/emi/united-kingdom/) | [FCA](https://protegra.io/licensing/regulators/fca-uk/) |: | 3 mo | Domestic | Values come from each country's page, where every figure has its source. ## Activities this family typically covers - [Issuing e-money tokens](https://protegra.io/licensing/activities/emt-issuance/) - [Cash placement on a payment account](https://protegra.io/licensing/activities/cash-placement/) - [Cash withdrawal from a payment account](https://protegra.io/licensing/activities/cash-withdrawal/) - [Execution of payment transactions](https://protegra.io/licensing/activities/payment-execution/) - [Execution of payment transactions covered by a credit line](https://protegra.io/licensing/activities/payment-execution-credit-line/) - [Issuing payment instruments and acquiring payment transactions](https://protegra.io/licensing/activities/card-issuing-acquiring/) - [Money remittance](https://protegra.io/licensing/activities/money-remittance/) - [Payment initiation services](https://protegra.io/licensing/activities/payment-initiation/) - [Account information services](https://protegra.io/licensing/activities/account-information/) - [Issuing electronic money](https://protegra.io/licensing/activities/e-money-issuance/) ## All licences in this family - [EMI · Czech RepublicSmall-scale Electronic Money Issuer authorisation (povolení k činnosti malého vydavatele elektronických peněz - VEPMR)CNB](https://protegra.io/licensing/licences/emi/czech-republic-small-scale/) - [EMI · Czech RepublicElectronic Money Institution licence (povolení k činnosti instituce elektronických peněz)CNB](https://protegra.io/licensing/licences/emi/czech-republic/) - [EMI · EstoniaElectronic money institution operating with an exceptionFI](https://protegra.io/licensing/licences/emi/estonia-exception/) - [EMI · EstoniaOperating licence as an electronic money institutionFI](https://protegra.io/licensing/licences/emi/estonia/) - [EMI · GermanyElectronic money institution licence (Erlaubnis für das E-Geld-Geschäft nach § 11 ZAG)BaFin](https://protegra.io/licensing/licences/emi/germany/) - [EMI · IrelandSmall Electronic Money Institution RegistrationCBI](https://protegra.io/licensing/licences/emi/ireland-small/) - [EMI · IrelandElectronic Money Institution AuthorisationCBI](https://protegra.io/licensing/licences/emi/ireland/) - [EMI · LatviaRegistered electronic money institutionLB](https://protegra.io/licensing/licences/emi/latvia-registered/) - [EMI · LatviaAuthorised electronic money institution licenceLB](https://protegra.io/licensing/licences/emi/latvia/) - [EMI · LithuaniaElectronic money institution licence for restricted activityLB](https://protegra.io/licensing/licences/emi/lithuania-restricted/) - [EMI · LithuaniaElectronic money institution licence for non-limited activityLB · capital EUR 350,000](https://protegra.io/licensing/licences/emi/lithuania/) - [EMI · LuxembourgElectronic money institution authorisationCSSF](https://protegra.io/licensing/licences/emi/luxembourg/) - [EMI · MaltaElectronic money institution licenceMFSA](https://protegra.io/licensing/licences/emi/malta/) - [EMI · NetherlandsExempt electronic money institution registration (Vrijstelling elektronischgeldinstelling)DNB](https://protegra.io/licensing/licences/emi/netherlands-exempt/) - [EMI · NetherlandsElectronic money institution licence (Vergunning elektronischgeldinstelling)DNB](https://protegra.io/licensing/licences/emi/netherlands/) - [EMI · PolandElectronic Money Institution licence (krajowa instytucja pieniądza elektronicznego - KIO)KNF](https://protegra.io/licensing/licences/emi/poland/) - [EMI · SlovakiaElectronic money institution licence (povolenie na vydávanie a správu elektronických peňazí bez obmedzenia rozsahu)NBS](https://protegra.io/licensing/licences/emi/slovakia/) - [EMI · SpainEntidad de dinero electrónico (EDE) / Electronic money institution authorizationBdE](https://protegra.io/licensing/licences/emi/spain/) - [EMI · United KingdomSmall Electronic Money Institution (SEMI) RegistrationFCA](https://protegra.io/licensing/licences/emi/united-kingdom-semi/) - [EMI · United KingdomAuthorised Electronic Money Institution (AEMI)FCA](https://protegra.io/licensing/licences/emi/united-kingdom/) ## Sources 1. [EMD2 Directive 2009/110/EC, Art. 4 (initial capital EUR 350,000)](https://eur-lex.europa.eu/eli/dir/2009/110/oj): retrieved 2026-09-24 Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.