Dear All,
We do have clients they are looking to build a competitive EMI .
how EMI and other digital IBAN services work?
What kind of licenses?
which is the best jurisdiction?
Thank you
LT, UK and CH are the probably in 'regulatory light' area's.
Thanks Milky Moon for breaking it down.
Like I said Swiss financial services are a waste of time for use if you intend to market to clients in EU. You can try your luck using it for other countries outside the EU. Just don't step foot in those countries if you do so as it is most likely they will arrest you if you have not done your homework on local laws.
so the approximate cost is 800K to 1 million Euro ?????
if we choose Lithuania? how the approximate cost?
OK Guys,
all those information very very useful, but really we have tried many services offering EMI. 80% they are sucks.
very bad service and bad reputation. if there are many such companies thats mean it is easy to make and build.
we want to work on something very advanced. Thats why it would be great if you share your ideas here or personal massage?
Please tell us about high risk market?
Thank you
do your homework before you say this is not difficult! not to speak about the costs, staff and all other you have to bring to the table in order to get that thing started! ouchWich is not difficult, will you be ok to work at 0 margin or minus?
Hello Milky Moon. What do you think about to setup an offshore bank (IFE), in Puerto Rico?for LT, a bank license is about 1 mio, an EMI license.
Lithuania Online Bank License – march 2017 update | OffshorePremium.com
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If you have a fixed set of clients you might also investigate a Swedish Credit Union, when dealing with crypto, this offers nice 'benefits' also
Dear Martin I represent an international bank in Puerto rico and have bank and MSB customers that need to process cross border payments in Euros. do you know any EMI that would be interested in partnering with us?
thanks.
How can i get a direct currency clearing relationship when building an EMI? Tried in Lituania but the regulator declined me for proposing volume from Latin America ...