Which jurisdiction for webapp

[Max2020]

I'm building an website who will offer financial services online via a webapp. I'm looking for a jurisdiction where I could incorporate this company. I was thinking about Cyprus, Estonia, Bulgaria.
Some requirements:
- Europe
- remote management possible
- good bank + banking application + API
- not a tax haven (so at least 10procent corporate tax)

 

[avalanche]

Max2020 said:
I'm building an website who will offer financial services online via a webapp. I'm looking for a jurisdiction where I could incorporate this company. I was thinking about Cyprus, Estonia, Bulgaria.
Some requirements:
- Europe
- remote management possible
- good bank + banking application + API
- not a tax haven (so at least 10procent corporate tax)
Click to expand...

so what is the question exactly?

 

[Max2020]

avalanche said:
so what is the question exactly?
Click to expand...

Lol, really?


Taking into account the requirements... What jurisdiction do you recommend?

 

[avalanche]

Max2020 said:
Lol, really?


Taking into account the requirements... What jurisdiction do you recommend?
Click to expand...

> financial services

You literally provided zero details of what exactly you are going to do and then you demand answers.

 

[Max2020]

I could tell you everything but then you should sign a NDA 🙂. No really, if you don't have anything useful to add, please go complain in another thread 🙂.

Like I said already: it's a financial webapp and I have a few requirements, see my first post. I contacted already a few accountants like in Cyprus and Bulgaria, but yeah offcourse they all say they are the perfect jurisdiction.

 

[Sols]

What's the nature of the financial services? Do you require a license?

Toggle signature
This is the probably the answer to your question.

 

[Max2020]

We will operate as a intermediate between consultants and their clients... We shouldn't require specific licenses.
I guess London would also be a good option for us, but yeah I don't know what the Brexit will change regarding VAT etc...

 

[Sols]

Are you going to handle other people's money? Will someone be paying you and then you pay someone else?

Toggle signature
This is the probably the answer to your question.

 

[exprtadvisrdev]

You are not giving enough info yet, but I guess Lithuania could help you since is where most of the "financial services" are being created in Europe these days.

Everything related with "financial services" I think is better to talk to a consultant who really understand the field because most of the stuff related with money need a license or an specific incorporation

 

[Martin Everson]

Max2020 said:
We shouldn't require specific licenses
Click to expand...

Have you double checked this is true?

When someone says the below I look at them like ca#"!

Max2020 said:
I'm building an website who will offer financial services online via a webapp.
Click to expand...

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[avalanche]

Max2020 said:
I could tell you everything but then you should sign a NDA 🙂. No really, if you don't have anything useful to add, please go complain in another thread 🙂.

Like I said already: it's a financial webapp and I have a few requirements, see my first post. I contacted already a few accountants like in Cyprus and Bulgaria, but yeah offcourse they all say they are the perfect jurisdiction.
Click to expand...

Martin Everson said:
Have you double checked this is true?

When someone says the below I look at them like ca#"!
Click to expand...

Maybe they are planning some bank loan comparison website

 

[Martin Everson]

avalanche said:
Maybe they are planning some bank loan comparison website
Click to expand...

Ok fair enough if its something like that. But keeping it a secret what he wants to do is not gonna get him a good answer. Hence why he should double check with regulators maybe.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[avalanche]

Martin Everson said:
Ok fair enough if its something like that. But keeping it a secret what he wants to do is not gonna get him a good answer. Hence why he should double check with regulators maybe.
Click to expand...

Thats what I meant a couple of posts above.. The guy wants all the answers while he clearly doesnt want to share the details necessary for the answer

 

[Max2020]

Are you still crying...it looks like you hijack a lot of threads and start complaining.

 

[avalanche]

Max2020 said:
Are you still crying...it looks like you hijack a lot of threads and start complaining.
Click to expand...

Did people tell you how narcissistic you are? 😀

 

[Sols]

@avalanche's question is perfectly reasonable. The term "financial services" can mean a lot of different things, which may or may not require a license. Depending on type of financial services and whether they require a license, different jurisdictions are differently suitable. Even across the EU, despite PSD2, not all regulators agree on what requires a license or what type of license applies.

Either cough up the full story or continue not getting any useful information. Take it to the Mentor Group if you don't want the details entirely public on the internet.

Toggle signature
This is the probably the answer to your question.

 

[Max2020]

I will post it in the mentor group ...