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A million thanks Lovemylife. Really a very good information. Fantastic work.

From your experience, can you advise about some lawyer firm in Caribes (Grenada or Sta. Lucia, or Dominica, etc..) with reasonable fees and serious work? Thanks for all your quality infos in this tread. Very usefull

Exactlly. This is the problem that you have. Transfering the responsability of such delicate matter to other companies that they do not care about the positive evolution of the company that hires them. Compliance is a fundamental part of the smooth running of an EMI and outsourcing this very...

Obviously I do not pretend that advcash solve my problem here and publicly. The purpose is not this. The purpose of this post is to provide information to our community about the operation and problems that any user of the forum may find and this way they have enough elements to judge whether...

I explain you how are going with your institution. After contact support for complaint: 1º.- I receive email + sms from support saying that all it's ok after my complaint. Curiously ns2after complaint It take 10 mins to say all ok. In 10 mins the compliance find all ok and congratulation. And...

I tried to open a personal account in avdcash this past week and the result has been disastrous. The onboarding system they have is lamentable. Unable to recognize a document that I sent them. I sent a scanned copy (600dpi) of my EU passport. They reply me that the scan does not allow them to...

I find it fantastic :)

very dificult to be credible when you have economical interest in the matter. Better to wait for experience's customers. it' will be the best proof that they are interesting bank. Your insistence on defending them in exchange for commission is really stinky. There are too many people chastened...

you are totaly rigth Adam. Bankera smell very strange. I was contacting them and they reply me only first time. When i was asking for more details no more reply. I resend newly my request and no reply from 2 monts. Nothing very clear. Bad matter when they ask 200€ to analize if you can onboarding.

You can find infos here How to obtain a licence. You will be regulated direct from CBoL and in the middle you have the law and your compliance team. But for more details you can check the link. I got budgets and all the steps and all the requirements from 2 differents laws firms in 2019. I could...

The autonomy (complex word with a large interpretation expectrum), will be the autonomy that will permit you the white labeler, and they are conditioned by the corresponsal bank and its compliance. To get better autonomy you will need to setup a own EMI or sEMI in Lithuania because you will have...

I received this offer from a Vilnius lawyers last year. I copy a fragment "....Agent must have a legal company within EU or EEA regions in order to start agency registration program. 1. Setup fee (in advanced)”“ 40,000 EUR Setup fee includes the license fee and all IT connectivity costs The...

Nexus as all others are not banks. They are IFE (International Financial Entity), or in spanish EFI (entidad Financiera Internacional). I'ts like EMI but but with some particularities. They can't work with PR customers. So they are offshore comapnies. You can find the complet listing with the...

Armeria bank don't open remotely right now. Presence requiered

I know some persons who did it and it was working more than 3 years ago. This way is knew as missmacht name. Many people play with that. But it will depend af many factors like all the differents markets place, payment providers etc... But you need to use some other tools to complet the work...

maybe if you must to create a new company to use this system it might be useful to use two companies with a similar name but modifying some letter. For example the lowercase l is the same as the uppercase i at first glance. And the capital o is identical to the number 0. To give an example, if...

If you are planning to set up an EMI, know that Lithuania is the most interesting country from the point of view of conditions. You should have a budget of approximately € 480K. Of which 350K of capital, + 50K of attorneys' fees with the expenses of incorporation of the company included, +...

I know it. But unfortunatelly all complance today take the microscope when a russian custumer appear in the scenario. A transfer coming from Rusia is automaticly stoped before to see what there are behind, etc... If a bank or emi wnat to be relax, is better to leave these clients to baltics EMIs.

I don't said to be lax with AML/KYC. I said to be flexible inside the posibilities, but remaining in the total legality. If you are a part of your bank it will be diferent for compliance that if you are a new customer that he don't know. If your compliance know you the AML can be more flexible...

The idea can be interesting if you find people willing to invest a minimum capital of € 100K. per head. A minimum of 30 partners. Most of the people in this forum and in many other forums are looking for a bank or an EMI that somehow does not share information and that is flexible within some...