August 27, 2025
Zitadelle AG — Your Trusted Partner for PSP, EMI & MTC Licensing in Curaçao
Payment Institution and EMI Licensing in Curaçao - How Zitadelle AG Assists
Curaçao as a Financial Services Hub
Curaçao has long been known as a well-established financial center in the Caribbean. In recent years, the local regulator - the Centrale Bank van Curaçao en Sint Maarten (CBCS) - has introduced stricter supervision of financial service providers, aligning the jurisdiction with international standards such as those of the FATF.
Today, companies providing payment services, electronic money solutions, or money transfers from Curaçao must either register or obtain a license with the CBCS. This development makes Curaçao an attractive and credible base for fintech, remittance, and digital payments businesses.
Types of Licenses and Registrations
Payment Service Providers (PSP) & Electronic Money Institutions (EMI)
Since July 2024, all PSPs and EMIs operating from Curaçao are required to register with the CBCS. The process involves:
Incorporation of a local company (usually an NV or BV).
Appointment of qualified directors and transparent ownership.
AML/CFT policies that meet local and international standards.
Filing of prescribed CBCS forms and disclosure of business activities.
The registration process is simpler than a full license but still requires proper compliance structures and ongoing supervision.
Money Transfer Company (MTC) License
Companies engaged in cross-border remittances or money transfers for third parties fall under the Money Transfer Company Ordinance. Unlike PSP/EMI registration, MTCs require a full license, including:
Minimum governance requirements (two local managing directors and three supervisory directors).
At least part of the board residing in Curaçao or Sint Maarten.
Proof of adequate insurance and risk controls.
Strict AML/CFT policies and oversight.
Application fee of NAf 10,000 and comprehensive documentation.
Summary Table
Type of Institution | Regulatory Status in Curaçao |
|---|---|
Payment Service Provider (PSP) | Must register with the CBCS; registration enforced |
Electronic Money Institution (EMI) | Must register with the CBCS; registration enforced |
Money Transfer Company (MTC) | Requires full licensing, including strict capital and governance criteria |
How Zitadelle AG Supports Clients
At Zitadelle AG, we help fintech and financial services companies navigate the Curaçao regulatory framework by providing:
Full legal and structural support for company formation.
Drafting of AML/CFT and compliance manuals tailored to CBCS requirements.
Assistance with the preparation of board and shareholder documentation.
Liaison with the CBCS during the registration or licensing process.
Post-licensing compliance support and ongoing reporting.
Our team combines international regulatory experience with local know-how, ensuring that applications are handled efficiently and with a clear strategy in mind.
Companies Already Operating in Curaçao
The CBCS supervises a wide range of licensed entities. Some well-known financial institutions operating under Curaçao’s framework include:
Maduro & Curiel’s Bank (MCB) - one of the oldest commercial banks in the Caribbean.
Banco di Caribe and RBC Royal Bank – offering retail and corporate banking services.
International fiduciary providers such as Intertrust and TMF, which are active in Curaçao under CBCS oversight.
Several licensed money transfer companies providing remittance services in the region.
This diversity demonstrates that Curaçao is not just a compliance-driven jurisdiction, but also a practical base for financial services providers with regional and international ambitions.
Frequently Asked Questions
What is the difference between a PSP/EMI and an MTC in Curaçao?
PSPs and EMIs are subject to registration, while MTCs require a full license with stricter governance and capital requirements.
How long does the licensing process take?
PSP/EMI registration can usually be completed within a few months if documentation is in order. MTC licensing typically takes longer due to more detailed reviews.
Do I need a physical presence in Curaçao?
Yes. CBCS requires local management and, for MTCs, at least part of the board must reside in Curaçao or Sint Maarten.
Why choose Zitadelle AG?
We specialize in cross-border licensing projects and have assisted multiple fintech clients in structuring and obtaining approvals across Caribbean and international jurisdictions.
Conclusion
Curaçao’s regulatory framework offers credibility and access for payment institutions, EMIs, and money transfer companies looking to operate in a well-regulated environment. With the CBCS’ clear supervisory approach and alignment with international standards, Curaçao is becoming increasingly attractive for fintech ventures.
Zitadelle AG stands ready to assist businesses at every stage of the process – from structuring and application to ongoing compliance – ensuring your financial services company is fully licensed and compliant in Curaçao.
