Recent content by dave0839511

@no1d roughly speaking same as others but with lower capex and opex (hopefully), ill also provide open banking, and later acquiring, PG-services and cross-border remittance. @Lincoln Burrows @Sols Id rather avoid building on someone elses infractructure, the whole value of business (in case of...

You are a (man) of hands on experience, appreciate the detaild input given. It roughly aligns with my expectations, except for the delayed licensing time and possible increase of own funds. I was calculating that own funds of 350k euro would be sufficuent if outstanding deposits is below 15 m...

Harsh reality. But when you say that I need a couple of millions are you referring to the authorities requirement of internal financial strength, or the capital needed to succeed with all other business aspects marketing etc?

I completely agree. I will share the results with you in 1 year, and then we'll see

Thabk Thank you for an indepth response. Our working plan was to hire two experienced staffers in Lithuania, one for AML/compliance, another for finance operations, set up a small local office in the country. Put up around 200k for expenses + 350k capital. Then handle the application procedure...

Expensive but maybe it has some advantages compared with eastern Europe?

Hey. We consider to bootstrap an EU EMI license, as we have the software and law expertise in house. What do you guys recommend as the cheapest and most welcoming jurisdiction for licensing in 2025, Estonia Lithuania or some other? Thanks in advance!!