Starting an e-money institution in Greece isn’t about ambition. It’s about execution. And execution, in this business, is 90% legal, regulatory, and procedural groundwork. Pearl Lemon Legal doesn’t just know the paperwork—we know how to get it submitted through the right channels without delay or hassle.
This isn’t a side project for us. We don’t pass you off to a junior. You get the experience, legal understanding, and regulatory diligence it takes to get your e-money license sorted, approved, and ready for use.
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You don’t need speculation. You need results. Here’s what we do, how we do it, and how it solves the issues you’re facing.
We don’t proceed until we know exactly which license type fits your business model—whether it’s an EMI (Electronic Money Institution) license under Directive 2009/110/EC or a PI (Payment Institution) license under PSD2.
We analyze your current structure, compare it against Bank of Greece regulatory requirements, and provide a clear plan.
Fixes: Uncertainty about license requirements, EU passporting, or whether your services qualify under Greek law.
We manage the Greek entity setup that meets capital requirements under Greek Law 4261/2014. We ensure the minimum initial capital (€350,000+ for EMI), appointment of local directors, and corporate governance align with financial legislation.
Fixes: Delays caused by incomplete formation, tax ID setbacks, or blocked shareholder structures.
We prepare your capital documentation to comply with AML 5, FATF standards, and the Greek financial crime unit’s expectations. Every source and movement of funds is verified before submission.
Fixes: Regulatory flags, documentation gaps, or funding hold-ups due to unclear financial origins.
We create anti-money laundering programs, risk matrices, and internal control frameworks that meet Bank of Greece Circular 157/2019. This includes transaction monitoring procedures and suspicious transaction report protocols.
Fixes: Weak documentation that triggers application denial or long delays.
We organize the appointment and review of directors, MLROs, compliance officers, and other required staff. All declarations, CVs, and qualification files are completed per ECB and EBA standards.
Fixes: Licensing blocks caused by unqualified MLROs or insufficient director profiles.
We manage the application from start to finish, checking every part against regulator expectations. Our legal team works directly with the Bank of Greece, tracking updates and resolving questions before they become obstacles.
Fixes: Disconnected documentation, inconsistencies, or mismatched business model explanations.
We establish ongoing reporting routines for obligations such as quarterly EMIR submissions, MiFIR transaction reports (RTS 22), and PSD2-related audits.
Fixes: Fines or license suspension due to overlooked reporting requirements.
After licensing, we facilitate your ability to operate across the EEA by managing Article 28 PSD2 notifications to each host authority.
Fixes: License holders that can’t expand due to incorrect or incomplete notifications.
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The Bank of Greece rejects or drops nearly 40% of license applications due to errors or missing pieces. That’s lost money, time, and opportunity.
We reduce risk at the source:
We’re not just drafting documents—we’re building regulator-approved submissions.
Already Started and Stuck? Book a Call. We’ll Get It Moving.
We’ve worked with 6+ financial authorities across the EU and know what makes the difference between approval and rejection.
Our clients see their licenses approved 35–50% faster than those using internal teams or general law firms.
We don’t just “advise.” We handle the legwork—entity formation, legal writing, technical setups, and direct communication with regulators.
We’re not here to explain PSD2 theory. We’re here to help you progress without getting trapped in bureaucratic delays.
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No, but your license must cover e-money issuance. Extra procedures are needed if stored funds exceed 24 hours.
No. Local presence is mandatory, including an office, Greek tax ID, and at least one local director.
Typically 4–8 months. Most delays come from incomplete applications or inadequate business plans.
€350,000 for EMI. €125,000 for PI. Higher amounts may be necessary based on risk or activity.
You notify the Bank of Greece and the local regulator in the host country. We manage the paperwork and compliance roadmap.
Not for initial application. But they’re required annually after approval or during capital increases.
Yes. Shareholders with 10%+ must pass background checks and may need to provide extra documents.
If you’re serious about entering the Greek financial space, waiting isn’t helping. Your competitors are moving because they have the right professionals by their side.
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We’ll lay out exactly what needs to happen — and how to keep it moving without delays.
Pearl Lemon Legal delivers expert legal solutions to individuals and businesses. Our dedicated team ensures clarity, confidence, and results in every case we handle.
Disclaimer: Pearllemonlegal.com is not a law firm. We provide consultancy services and help in referring to qualified attorneys. Legal decisions should be made with a licensed lawyer.
Legal issues can’t wait. Our team is ready to provide you with expert legal advice and guidance. Book a consultation today and take the first step toward resolving your legal matters.
