Regulators： Gibraltar Financial Commission

Regulatory region： Gibraltar

License Type： INVESTMENT

Application price (USD)： ****

Application frequency： 4-8MONTHS

Maintenance costs (USD)： *****

Company summary： Main requirements for Small Payment Institution acquisition in Gibraltar are as follow: Two company directors as a minimum. Availability of financial education or operational experience at directors and all staff. Physical office and physical presence in the country. If there is no a possibility to be present in the country, it is necessary to nominate a representative from the local citizens. An absence of criminal sanctions at directors, founders, shareholders and employees of the company. Minimum authorized capital depending on the activity type. Minimum liability insurance for an amount of 1 million pounds. Reporting and audi

Product details： Requirements to authorized capital for the license 50 000 euro for the following sub-activities: Fulfillment of the commissions related to securities. Fulfillment of the commissions related to securities in the name of a customer or at the expense of a customer. Investment consulting. Arrangement of multilateral trading system. 125 000 euro for the following sub-activities: Investment management. Emission of securities. 730 000 euro for the following sub-activities: Securities trading at own expense. Securities underwriting. Securities storage and management for a customer and follow-up actions related to it.