Financial and credit operating licensesFinancial and credit operating licenses

Financial and credit operating licenses

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Financial and credit operating licenses

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Obtaining a Financial and Lending License in Latvia

Any company that wishes to provide consumer lending, microfinance, or loan intermediation services in Latvia must obtain a license. Licensing is regulated by Latvijas Banka in compliance with EU financial directives.

By 2025, the EU consumer credit market is expected to exceed €30 billion, creating strong demand for licensed credit providers.

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Key Requirements

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  1. Company registration in Latvia or another EU member state.
  2. Minimum share capital of €50,000–€100,000 depending on service type.
  3. Qualified management with experience in finance.
  4. Compliance with AML/KYC standards.
  5. Business plan with risk management strategies.
  6. Shareholder and management documentation proving source of funds.
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Step-by-Step Licensing Process

  • Step 1: Preparation of documents and corporate information
  • Step 2: Submission of application to Latvijas Banka
  • Step 3: Review process and request for additional details
  • Step 4: Decision and registration in the credit providers’ registry

Timeline: 3–6 months
Costs: State fees, legal services, required share capital.

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FAQ

Q1: What types of licenses are available?
A1: Consumer lending, microfinance, factoring, and credit intermediation.

Q2: Who regulates the sector in Latvia?
A2: Latvijas Banka.

Q3: What is the minimum capital required?
A3: €50,000–€100,000.

Q4: How long does licensing take?
A4: Usually 3–6 months.

Q5: Is management experience required?
A5: Yes, financial sector experience and a clean record are mandatory.

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