🇬🇧 How much does a e-money (EMI) licence in United Kingdom cost?
The cost model for United Kingdom is being compiled
Every jurisdiction's three-year cost model is researched component by component against the regulator's fee schedules and market data, and nothing is published until every figure carries a source and a verification date. United Kingdom is on the research list; the narrative cost entries below give the current picture in prose.
Capital requirement
AEMI GBP 350,000 initial plus own funds 2% of average outstanding e-money. SEMI no initial capital, capped below EUR 5m outstanding.
Application cost
FCA application fee (order of GBP 5,000 for AEMI) plus roughly GBP 75k to 200k professional.
Ongoing cost
FCA periodic fees, annual safeguarding audit, compliance headcount.
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