EMI for a Saint Kitts and Nevis IBC

[SilverNeo]

Thanks for sharing.
May I ask, how old is your relationship with Verifo? (Background: Previously, they were very open. Yet recently, from what I have witnessed, their risk appetite decreased a lot; I would not expect them to onboard St.Kitts and Nevis company, currently...)

2 weeks I found that they asked for 1000 docs, but otherwise,ok total back and forth 31 emails.

So opening an account was anything but simple.

 

[Forester]

2 weeks

Wow. Congrats!

Well, is it possible that the Lithuanian regulator has chilled a bit? @ilke, you might be aware?
(Just to explain to the general public, the Lithuanian regulator triggered all the changes.)

I found that they asked for 1000 docs, but otherwise,ok total back and forth 31 emails.

A lot; but nothing so exceptional today , especially for St.Kitts and Nevis company..

So opening an account was anything but simple.

See above

 

[SilverNeo]

Wow. Congrats!

Well, is it possible that the Lithuanian regulator has chilled a bit? @ilke, you might be aware?
(Just to explain to the general public, the Lithuanian regulator triggered all the changes.)


A lot; but nothing so exceptional today , especially for St.Kitts and Nevis company..


See above

You know I owe you for that one too in one of the treads, (I think it was the one for EMI's that work worldwide but not sure was it that) you said you like them and Curenxie works great and that was your suggestion so I was thinking why not give it a shot

 

[ilke]

Wow. Congrats!

Well, is it possible that the Lithuanian regulator has chilled a bit? @ilke, you might be aware?
(Just to explain to the general public, the Lithuanian regulator triggered all the changes.)

Well, as I was told second-hand, the regulator has been mostly focused on transferring into MiCA, because there are dozens of companies with the virtual currency registration (even with the 125K min capital) that are not regulated enough, according to them; they were quite unhappy that by the middle of January, nobody had applied for the MiCA license still. So, as I was informed, they were not creating any more complications for PIs/EMIs in the latest period.

I do not think it is necessarily getting more lax, but staying the same/getting stricter at a slower rate

Additionally, I guess that the restrictions and 'suggestions' to each EMI varied based on their AML in the past.

A lot; but nothing so exceptional today , especially for St.Kitts and Nevis company..

Yes, still impressive.

 

[Forester]

Well, as I was told second-hand, the regulator has been mostly focused on transferring into MiCA, because there are dozens of companies with the virtual currency registration (even with the 125K min capital) that are not regulated enough, according to them; they were quite unhappy that by the middle of January, nobody had applied for the MiCA license still.

So, as I was informed, they were not creating any more complications for PIs/EMIs in the latest period.

Additionally, I guess that the restrictions and 'suggestions' to each EMI varied based on their AML in the past.

So do I – at least partially.
Yet I believe that ~1-2 months ago something like onboarding St.Kitts & Nevis company doing cybersecurity by Verifo was next to impossible. So something should have changed – IMO.

 

[Pasqualina]

https://rd.group/

Here you are the fees: https://static-official.rd.group/cms/92/RD_Wallet_Fee_Schedule.pdf

https://verifo.com/

Here you are the fees: https://verifo.com/pricing/

 

[bountymounty]

Yes I have two more

https://rd.group/
https://verifo.com/

Those two are for my crypto

And I'm in the process of opening a bank account.
https://stlucia.provenbank.com/

So 3 EMI and one bank account should do

Thank you very much for your insights. Have you managed to open a bank account with Proven Bank, and if so, under which company?

 

[SilverNeo]

Thank you very much for your insights. Have you managed to open a bank account with Proven Bank, and if so, under which company?

Yes, I was and this is under a Saint Kitts and Nevis company.

 

[Pasqualina]

Could you please clarify the legal structure under which your Currenxie account was established? Specifically, was the account opened by a trustee on behalf of a trust, by a trust directly, or by a standard Nevis LLC?

Alternatively stated, what is the precise nature of the entity that Currenxie has onboarded as an account holder?

 

[SilverNeo]

Could you please clarify the legal structure under which your Currenxie account was established? Specifically, was the account opened by a trustee on behalf of a trust, by a trust directly, or by a standard Nevis LLC?

Alternatively stated, what is the precise nature of the entity that Currenxie has onboarded as an account holder?

a Nevis IBC owned by a Nevis trust, and the reason why I went with an IBC is that the structure made more sense for me, same asset ,protection just more flexibility.

Just to be clear, all the accounts are for the IBC; the trust does not have accounts, nor do I need one.