A Cyprus PI licence allows firms to provide payment services across the EU from a single authorisation under PSD2. Execute transactions, issue instruments, provide remittance, and offer PIS/AIS with full EU/EEA passporting.
Services
All PSD2 categories: cash operations, transaction execution, card payments, remittance, PIS and AIS. Does not cover e-money issuance.
Capital
€20,000 (remittance), €50,000 (PIS), €125,000 (other services). Ongoing requirements based on transaction volumes.
Safeguarding and agents
Customer funds segregated by next business day. Agents must be registered with the CBC with robust oversight framework — the PI remains responsible for agent conduct.
Timeline
Five to nine months. Professional costs €10,000–€25,000.
Common pitfalls
Weak safeguarding, insufficient local presence, AML gaps for remittance, and inadequate agent oversight.
How Complizoom helps
Our CBC PI packages cover every document in the dossier tailored to your payment services model.
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