EMI for a Saint Kitts and Nevis IBC

[SilverNeo]

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]

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 😉

 

[SilverNeo]

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 why︀ not give it a shot 🙂

 

[ilke]

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 were︀ not creating any more complications for PIs/EMIs in the latest period.

I do not think︁ it is necessarily getting more lax, but staying the same/getting stricter at a slower rate︂ 🙂

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

 

[Forester]

🙂 🙂

🙂

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

 

[Pasqualina]

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

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

 

[bountymounty]

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]

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]

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 trust︀ does not have accounts, nor do I need one.