2 weeks I found that they asked for 1000 docs, but otherwise,ok total back and forth 31 emails.
So opening an account was anything but simple.
EMI for a Saint Kitts and Nevis IBC
- Thread starter SilverNeo
- Start date
- Status
So opening an account was anything but simple.
Wow. Congrats!
Well, is it possible that the Lithuanian regulator has chilled a bit? @ilke, you might be aware?
(Just to explain to the general public, the Lithuanian regulator triggered all the changes.)
A lot; but nothing so exceptional today 🙁, especially for St.Kitts and Nevis company..
See above 😉
Toggle signature
--------------------------------------------------------------------------------------------------------------------------------------
I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
You know I owe you for that one too in one of the treads, (I think it was the one for EMI's that work worldwide but not sure was it that) you said you like them and Curenxie works great and that was your suggestion so I was thinking why not give it a shot 🙂
Well, as I was told second-hand, the regulator has been mostly focused on transferring into MiCA, because there are dozens of companies with the virtual currency registration (even with the 125K min capital) that are not regulated enough, according to them; they were quite unhappy that by the middle of January, nobody had applied for the MiCA license still. So, as I was informed, they were not creating any more complications for PIs/EMIs in the latest period.
I do not think it is necessarily getting more lax, but staying the same/getting stricter at a slower rate 🙂
Additionally, I guess that the restrictions and 'suggestions' to each EMI varied based on their AML in the past.
Yes, still impressive.
🙂 🙂
🙂
So do I ”“ at least partially.
Yet I believe that ~1-2 months ago something like onboarding St.Kitts & Nevis company doing cybersecurity by Verifo was next to impossible. So something should have changed ”“ IMO.
Toggle signature
--------------------------------------------------------------------------------------------------------------------------------------
I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Here you are the fees: https://static-official.rd.group/cms/92/RD_Wallet_Fee_Schedule.pdf
Here you are the fees: https://verifo.com/pricing/
Last edited by a moderator: Feb 5, 2025
Thank you very much for your insights. Have you managed to open a bank account with Proven Bank, and if so, under which company?
Could you please clarify the legal structure under which your Currenxie account was established? Specifically, was the account opened by a trustee on behalf of a trust, by a trust directly, or by a standard Nevis LLC?
Alternatively stated, what is the precise nature of the entity that Currenxie has onboarded as an account holder?
Alternatively stated, what is the precise nature of the entity that Currenxie has onboarded as an account holder?
a Nevis IBC owned by a Nevis trust, and the reason why I went with an IBC is that the structure made more sense for me, same asset ,protection just more flexibility.
Just to be clear, all the accounts are for the IBC; the trust does not have accounts, nor do I need one.
- Status