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This is another reason why Peter Schiff's EuroPacific Bank is moving domicile to Puerto Rico. They have never taken U.S. Citizens anyway because of FATCA and with the move from SVG they will be basically avoiding the CRS requirements.

I managed to get in just before they changed that but my friend had to undergo video verification so not a good option for other methods anymore.

I had to provide a passport copy and a utility bill as proof of address. They also initially asked for a bank/lawyer/accountant reference but quickly backed down when I said I wasnt going to provide that. They kind of feel more like a law firm than a simple agent with the way they run but they...

I've just used Belize Offshore Company Formation - Belize IBC - ICS They were reasonably priced and didnt scalp me on the setup or docs.

Yeah I asked an agent just recently if the dormant account thing would work and he replied that there was almost no chance that it would. He was under the belief that the banks would rather disclose everything then risk the fines/license issues. Anyway, take that for what it's worth. I suspect...

i had a big reply typed out and for some reason my phone decided to drop it lol! Thank you everyone for the responses and I apologise for the dealy in replying. I've been in China at a conference and had forgotten to load a VPN on my phone and was locked out of a bunch of sites/internet. To be...

Hey Folks, I was wondering if anyone would have insight into the easiest jurisdiction to get a payment processing (or PSP) license? Cheers

Hi, apologies for late reply. I've been in China/Thailand on a trip. Yes I did....I opened an EMI with Leupay. It was easy but I did have to get a certificate of incumbency from my registered agent. Hope the helps. cheers

Yup...used real docs and a Belize registered company and it works great. Just had my Debit card sent out to me as well.

I think you might want to do a bit more reading to understand how the FX industry actually works. Most of the major retail bucketshops built their businesses around unregulated, unlicensed, entities. Even with all of the present KYC requirements....there are still banks around that will deal...

I think you need some reading comprehension my friend. The delay was on my side...with obtaining the certificate of incumbency and a Fedex package (verification letter from leupay) that got stuck in Miami during Hurricane Irma.

For me it was about 4 weeks mainly because I had to wait on a certificate of incumbency from Belize then the verification letter from Leupay to go out to my registered agent. Now if it was just waiting on Leupay to review the documents then I would say it probably only took around 4 days...

At the moment, the Seychelles has no license requirements for companies that do not trade FX locally. However, your biggest hurdle with this will be getting a bank account opened IF you are going to accept client funds directly. If you are operating a simple MAM account with a broker who is...

For the time being at least...I have no doubt, given the recent assault on offshore banking, that they will eventually fall into line.

Thank's Auric. I appreciate the help.

Hey Folks, Quick question on Leupay. They seem to require what they call a Certificate of Actual Status. I'm assuming this is the Certificate of Incumbency because thats what it sounds like. Now to obtaint hat for my belize company...there are two options. 1. Certificate from the Belize...

It really does depend on what you need for your business. Hong Kong has a great reputation as a trading center and a reasonably trusted jurisdiction down here in New Zealand. Whereas Belize...not so much. However, I also balked at the costs of running the HK corp...especially for a startup...as...

Ouch that's bloody expensive! I'm incorporated in Belize and the Certificate of Good Standing is around $150 including the agent fees.

Totally agree and from my limited experience Belize IBC's are exceedingly easy to setup and low cost.

Puerto Rico is a U.S. dependency and likely has.very different information disclosure rules.