Recent content by Sols

It's not just about jurisdiction. Does your LLC sell drones to North Korea? Or is it a web hosting business? However, by adding a BVI parent, you have made your company more complicated. You need to demonstrate a compelling argument for why an EMI would take you on. Mercury could onboard it...

The IOR (Vatican Bank) is a major money laundering concern. Of course it should be @JohnnyDoe at the helm. Toggle signature This is the probably the answer to your question.

It's a bank without any connection to the Swiss market. It has ties to high-risk jurisdictions like like Russia and Tunisia. FINMA has no reason to step in an rescue the bank if it ever goes belly-up. To the extent Swiss banks can be considered stable, that stability is largely contingent on...

In Mauritius? Yes. Toggle signature This is the probably the answer to your question.

It's not totally useless. From what I've seen (which isn't nearly as much as in other countries, of course), SWIFT in and out is generally quite easy, just sometimes a little slower because it has to pass through mainland Turkish banks. Once your money is in there, you can keep it there, or...

See if any of your local banks have branches in the US. If they do, there's a decent chance they can cash checks for you. Toggle signature This is the probably the answer to your question.

Have you tried going to the bank's website and applying there? Toggle signature This is the probably the answer to your question.

Several reasons but mainly because licensing is a good revenue source for governments and licensing is increasingly an international regulatory expectation. Toggle signature This is the probably the answer to your question.

What are you smoking? Sepaga - OK, fine. BnkPro - personal accounts only. Mainly focused on investment products. An offshoot of FxPro. CSC Europe - an offshoot off a Lebanese bank that barely operates at all in Cyprus since many years ago. Toggle signature This is the probably the answer to...

Do you sell rocket launchers, blood diamonds, humans, or ebooks? For some reason, banks view different business activities differently. Toggle signature This is the probably the answer to your question.

April 1st was on Tuesday... EU. Minimum share capital for a standard bank license is just five million EUR. One””two million if you go for a special bank license where available (such as Lithuania). As long as your business plan is reasonable, they often won't ask for a higher amount than the 5...

These threads are always such a waste of time and energy. We almost never get the full story. We're lucky if OP eventually comes around and says they were involved in crypto or some other high risk activity that obviously explains why the financial institution acted how they did. No...

If you're buying software, you've presumably got a CTO or similar on your team. That person or team should be the one to review the code. If it's a payment gateway, it should be some sort of PCI-DSS compliant. Make sure you get access to the Report Of Compliance (ROC) and Attestation Of...

Start with 10,000 USD. Go to a currency exchange. Buy SEK. You now have 100,000... SEK. Toggle signature This is the probably the answer to your question.

It's basically the limitations of an EMI with the risks of an offshore bank. AFAIK, there is no business they could open an account for that you couldn't just place directly with an EMI of similar risk appetite. At least if you do that, you get the benefits (as well as the limitations) of an...