Set Up an EMI/ PSP Company in Luxembourg

Setting up an electronic money institution (EMI) or payment services provider (PSP) business in Luxembourg implies respecting specific regulations and incorporating a legal entity in the Grand Duchy. To ensure compliance, clients can work with our agents specialized in setting up a company in Luxembourg, who can assist them with the registration of such an enterprise.

EMI company registration procedure in Luxembourg

It is possible for both local and foreign investors to open PSP companies in Luxembourg, as long as they comply with the following requirements:

they secure a local address in the Grand Duchy;
they draft the necessary company formation papers;
they ensure the minimum share capital for such a business.

The documents must be filed with the Trade Register in Luxembourg, which will issue the Incorporation Certificate. From a business form point of view, the public limited company is suitable for such activities. However, it should be noted that depending on the operation to be carried out:

the company may need to obtain a Luxembourg EMI/ PSP license;
the business may need to register with the Luxembourg Financial Supervisory Authority (CSSF);
the enterprise can be exempt from any licensing requirements.

To know which of the above situations applies, you can consult with our company registration specialists in Luxembourg.

Licensing requirements when opening a PSP company in Luxembourg

Here is when you need to apply for a financial license or CSSF registration for an EMI enterprise in the Grand Duchy:

you need a payment institution licence to offer payment services, or an EMI licence if you intend to issue electronic money;
you need to register with the CSSF instead of obtaining full authorisation if you only provide account information services, under the Law of 10th November 2009, as amended.

With respect to the exemption from a PSP license, services related to certain payment instruments are not subject to obtaining a special license, but a notification with the CSSF may be necessary.

EMI licensing requirements in Luxembourg

In order to establish a PSP company in Luxembourg and obtain a license, you need to comply with the requirements imposed by the CSSF, namely:

ensure a minimum capital of EUR 20,000 to EUR 125,000 if you intend to offer payment services;
deposit a minimum capital of EUR 350,000 if you will issue electronic money through your company;
you must also draft a 3-year business plan;
you must ensure specialized personnel;
the company must have a local presence in Luxembourg.

The steps to obtain the license will imply:

preparing and filing the application dossier after paying the registration fee;
meeting with CSSF representatives to present the business plan;
the review of the application by the CSSF;
the issuance of the EMI/ PSP license.

After approval of the license, the CSSF will publish the name of the company with the national gazette as well as in the electronic register of the European Banking Authority.

Our Luxembourg company formation consultants can help you prepare the documents to obtain an EMI/ PSP license. It is also possible for foreign EU/ EEA companies to operate in Luxembourg through branches by registering or notifying the CSSF.

How many fintech companies operate in Luxembourg?

EMI and PSP companies enter the category of fintech businesses in Luxembourg. In the past few years, they have increased in numbers, as according to the latest data:

As at 31 August 2026, the CSSF supervised 18 payment institutions and 16 electronic money institutions in the Grand Duchy;
5 of the largest payment and e-money services platforms in the world have chosen Luxembourg to establish their European headquarters.

If you want to set up an EMI/ PSP company in Luxembourg and need assistance, feel free to contact us.