United Kingdom jurisdiction

The United Kingdom stands as a global hub for innovation, commerce, and financial excellence. With its robust legal framework, business-friendly policies, and international reputation, it continues to attract entrepreneurs, investors, and companies looking to expand their global reach. Whether you are considering registering a company, managing accounting compliance, or acquiring specialized financial licenses like an EMI or PSP license, the UK offers unparalleled advantages. From its strategic location bridging Europe and the rest of the world to its transparent regulatory environment, the UK has built a business ecosystem that fosters growth and success. It provides access to an extensive network of skilled professionals, modern infrastructure, and a diverse, dynamic market.

Efficient and accurate accounting is a cornerstone of successful business operations in the United Kingdom. For limited companies, the UK’s accounting framework ensures transparency, compliance, and financial optimization. Here’s a breakdown of the key elements of accounting support available for businesses. Bookkeeping is essential for maintaining accurate financial records. Proper documentation of invoices, receipts, and transactions ensures that businesses can generate reliable data for decision-making and meet legal obligations.

The UK offers two types of e-money licenses that can accommodate the needs of both startups and established financial institutions, ensuring access to one of the world’s most competitive markets. A Small Electronic Money Institution (SEMI) license allows issuing e-money and providing payment services, excluding AIS and PIS. It applies to companies with less than 5 million EUR in e-money issued, monthly transactions under 3 million EUR, and customer funds below 250,000 EUR. An Authorized Electronic Money Institution (AEMI) license is required for exceeding these thresholds and involves stricter criteria and a more complex process.

To obtain a payment service provider (PSP) license in the United Kingdom, an application must be submitted to the relevant regulatory authority, which will assess whether the applicant meets the prescribed conditions for licensing. Key requirements include a minimum capital of 20,000 EUR, protection of client funds through separate accounts or insurance, a strong reputation for the company and founders, qualified personnel, and additional reserves for financial stability. Supplementary documents like proof of registration, a UK office, and a business plan can expedite the process.