FinTech
FinTech project support. Organization of a “turn-key” payment business, complete digital banking, E-money, PI, DLT, SVF, PSP, MSO.
SYSTEM APPROACH FOR FINANCIAL AND TECHNICAL PROJECTS – FINTECH
Cooperation with us has a number of advantages, including legal support of turn-key FinTech programs. You are the generator of the idea, while we are the guarantee of its implementation in the legal arena.
Experienced professionals team can help clients to obtain licenses for financial or payment institutions. The services of our company for obtaining FinTech licenses have already been used by more than 80 clients who have already obtained licenses and are carrying out their activities successfully.
This is an official permission for the operation of payment organizations, EMIs and banks, the right to use digital currency in European and other countries.
We base on the full-support strategies for turn-key FinTech projects. It includes the floating of a company, complex legal support, creation of software for financial institutions and before the start of the project, including further legal support of the project.
Our services list of includes:
- approval of the business plan of the project, distribution of tax liability;
- registration of an institution with the opening a bank account;
- development of the statute and constituent documentation;
- supplying of IT solutions;
- preparation of documentation for issuing a license;
- selection of a regional representative office and setting of staff;
- accounting records maintenance, connection of acquiring for MasterCard/Visa.
EMI (Electronic Money Institution) is a payment organization that has permission to issue its own electronic currency, its distribution and exchange for fiat currency. The implementation of such an idea should be carried out taking into account all the subtleties of the project, taking into account the peculiarities of the jurisdiction and the list of services that the company is going to provide.
With vast experience in supporting financial projects, we can offer a client almost any EU country to obtain a payment system license.
- The capital required in the European Union for the establishment of an EMI is 350,000 €. Registration takes about six months until the right to register is obtained.
- Also, we provide an opportunity to buy ready-made companies with EMI / SEMI licenses. You can follow the current offers on our telegram channel.
Great payment processing mechanism for European and global community. Licensed payment establishments are ideal solutions for financial services providers, FinTech structures, start-ups processing transactions and money transfers of individuals, organizations, and internet traders. Payment establishments are classified as popular official permission for offering payment solutions for European net stores. EU Payment Services Directive implemented in 2007 describes the legal grounds to European payments field.
Services provided by the Payment Institution
- Services enabling cash to be placed on a payment account;
- Services enabling cash withdrawals from a payment account;
- Execution of payment transactions, including transfers of funds on a payment account with the payment service provider of the payment service user or with another payment service provider: execution of direct debits, including one-off direct debits, execution of payment transactions through a payment card or a similar device and/or execution of credit transfers, including standing orders;
- Execution of payment transactions where the funds are covered by a credit line for a payment service user: execution of direct debits, including one-off direct debits, execution of payment transactions through a payment card or a similar device and/or execution of credit transfers, including standing orders;
- Issuing and/or acquiring of payment instruments;
- Money transfers;
- Execution of payment transactions where the consent of the payer to execute a payment transaction is given by means of any telecommunications terminal equipment, digital or IT devise and the payment is made to the telecommunications network or IT system operator, acting only as an intermediary between the supplier of the goods or services and the payment service user;
- Payment Initiation Service.
- Account Information Service.
Equity capital from EUR 20 000 to EUR 125 000. Limits of Small Payment Institution (SPI) are territories of countries where it is issued. Also, the main criterion by which a company can obtain this license is its annual turnover. The SPI license is issued only to those companies whose annual turnover of funds does not exceed 3 million euros.
In addition, we provide an opportunity to buy ready-made companies with FinTech licenses. You can follow the current offers in our telegram channel.
The specialists of our company are ready to deal with the licensing issues, consultations on taxation, preparation of agreements, AML and KYC procedures, drafting of a business plan, recruitment of employees, filing reports and audit, and software development. Contact a specialist of our company for detailed advice.