Recent content by MoneyMoney

Hi, That's because the Fintech (1M to 100M funds) and Sandbox (<1M funds held) are almost banks. They are deposit-taking institutions with very close functionality. Sandboxes can also pay interest nowadays. Fintechs cannot do this but they are able to hold a larger amount of money. For the...

Yes, it seems like the authorisation sort-of exists but is not completely clear and is not made for this purpose. Interesting, yes, appears so. I have a license for the investment product and working on a license for asset management. This doesn't empower for payment services - that's why...

Got it. But it seems that even authorisation in the larger and more reliable states is still so much easier than anywhere in the EEA. Yes, I also don't want to be using the cheapest and lowest trust licenses. In that case I could already have bought a Comoros bank in Moheli or Anjouan but I...

Okay, got it and will avoid. Well, I guess because it's so easy and cheap, yeah. It doesn't really create much trust or prestige, though. Of course, there is no value to it - but I guess that they can easily mislead people when they own an institution that has Bank in the name. Even if it is a...

And what is the actual product that is being sold? Like what is received when getting a "Swedish trust company" - and what authorisations does it have based on its registration. Of course but what is suggested is kinda different to an EMI or PI - it is an entity that can register trusts on...

Yeah, I mean I understand that, but if it were to have the ability of holding money for clients in various ways and formats, as well as then investing those funds, it doesn't seem like a bad addition to more reliable licenses. This is true but I guess that this 1 provider cannot be...

Hi Everyone, I am doing some research on acquisition. Specifically I was looking at local licensing and also at DealStream. There, I came across DX TRUST KB. This company is authorised in Sweden as a trust provider. I searched some more, and while there are not trusts in Sweden, these companies...

Hi Everybody, I am a citizen of the EU and resident + tax resident in a South American country. I own a HK company but with full substance and active involved local director. I have been looking at Cayman Enterprise City. It is a very interesting model. It fits me well, because I would get a...

Understand. My company does have a team in HK and we have an account at DBS Bank in HK. But, as you said, they requested us to open an Indian branch if we wanted to get an account at the Indian DBS as well. Thanks for the advice about the INR. I agree that it is worse to work with the...

Hi Everybody, I have a Hong Kong and a Cyprus company. Both of them have quite large partners in India. Because Indian banks are charging a lot for foreign transfer, SWIFT etc. It's really costly to cooperate with them. Is there any service that would allow either of the companies to get a...

Is there any for the opposite? I need an Indian corporate account for foreign company to receive from an Indian partner