Recent content by dave0839511
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Question Code review Fintech software
Thanks for the good advice. Is there any QSA you can recommend with a good price and quality of work?- dave0839511
- Post #3
- Forum: Question Threads
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Question Code review Fintech software
Hello! I am about to purchase a complete software for a fintech project that I am starting up. Essentially it consists of a e-wallet (slim version of wise, paysera) and a payment gateway. I have done some simple due diligence using ai tools and I have also seen the software in a actual...- dave0839511
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- Replies: 3
- Forum: Question Threads
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Best EU jurisdictions for EMI license
@no1d roughly speaking same as others but with lower capex and opex (hopefully), ill also provide open banking, and later acquiring, PG-services and cross-border remittance. @Lincoln Burrows @Sols Id rather avoid building on someone elses infractructure, the whole value of business (in case of...- dave0839511
- Post #20
- Forum: Tax, Accounting, Licensing & Legal
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Best EU jurisdictions for EMI license
You are a (man) of hands on experience, appreciate the detaild input given. It roughly aligns with my expectations, except for the delayed licensing time and possible increase of own funds. I was calculating that own funds of 350k euro would be sufficuent if outstanding deposits is below 15 m...- dave0839511
- Post #14
- Forum: Tax, Accounting, Licensing & Legal
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Best EU jurisdictions for EMI license
Harsh reality. But when you say that I need a couple of millions are you referring to the authorities requirement of internal financial strength, or the capital needed to succeed with all other business aspects marketing etc?- dave0839511
- Post #11
- Forum: Tax, Accounting, Licensing & Legal
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Best EU jurisdictions for EMI license
I completely agree. I will share the results with you in 1 year, and then we'll see- dave0839511
- Post #8
- Forum: Tax, Accounting, Licensing & Legal
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Best EU jurisdictions for EMI license
Thabk Thank you for an indepth response. Our working plan was to hire two experienced staffers in Lithuania, one for AML/compliance, another for finance operations, set up a small local office in the country. Put up around 200k for expenses + 350k capital. Then handle the application procedure...- dave0839511
- Post #6
- Forum: Tax, Accounting, Licensing & Legal
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Best EU jurisdictions for EMI license
Expensive but maybe it has some advantages compared with eastern Europe?- dave0839511
- Post #3
- Forum: Tax, Accounting, Licensing & Legal
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Best EU jurisdictions for EMI license
Hey. We consider to bootstrap an EU EMI license, as we have the software and law expertise in house. What do you guys recommend as the cheapest and most welcoming jurisdiction for licensing in 2025, Estonia Lithuania or some other? Thanks in advance!!- dave0839511
- Thread
- Replies: 21
- Forum: Tax, Accounting, Licensing & Legal