Kazakhstan Electronic Money Institute (EMI) License


Hello There, Chris here from EMPIRE Global
Partners, discussing the Kazakhstan Electronic Money Institute License also called a Kazakh
EMI License. An EMI License enables a business to issue
electronic money in exchange for fiat currency. This electronic money can be used for further
transactions. A prominent example of electronic money is prepaid cards where value can be
loaded and used for future payments. With the push for digital money and cashless transactions
across the world, an Electronic Money Institute can be the next big business opportunity.
For businesses willing to expand beyond an EMI, the flexible nature of the license means
that businesses can provide a wide range of additional services including cryptocurrency
transactions, foreign exchange, and securities dealing, financial consulting, depository
agent activities, and merchant services, through a single license.
A license for a Kazakhstan EMI is issued by the Kazakhstan National Bank and the Ministry
of Economy of Kazakhstan. The documentation requirements for a Kazakhstan EMI License
are minimal. There are no requirements for office, staff, business references or a compliance
officer. There is also no minimum paid-up capital requirement. There is a possibility
of 100% foreign ownership and the Tax rate can be reduced to close to 0% through permitted
structuring. The fee for an application for a license varies
on a case to case basis but is considered being among the most cost-effective in the
world. A license is generally granted within 6-8 weeks of submission of a fully completed
application. If you are interested in learning more about a Kazakhstan EMI License and how
it can help your business, please get in touch with us and one of our dedicated team of experienced
professionals will assist you through the entire process of obtaining a Kazakhstan EMI
license.

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