The fintech sphere is quickly enlarging, and for those venturing into payment facilities, apprehending the legislative scheme for a Small Payment Institution (SPI) is crucial. This guide delves into the key aspects of SPIs, covering regulations, jurisdictional specifics, demands, advantages, and more. What Governs SPIs? The legislation of SPIs in the European Union falls under…
In the promptly transforming sphere of monetary facilities, Small Payment Institutions (SPI) play a progressively vital part, notably in Poland. As of January 17, 2025, small payment institutions functioning within the EU will be required to cope with the Digital Operational Resilience Act (DORA), which mandates a simplified ICT risk monitoring scheme. This is part…
In the world of virtual assets, the legislative sphere can often be complicated and ever-changing. For crypto financiers looking to expand their functions, apprehending local legislations is paramount. This region, with its strong monetary sector and business-friendly environment, has become a promising place for tokenized ventures, suggesting a strategic hub for commercials searching for a…
With the expanding popularity of e-cryptocurrencies, this direction has become one of the prime locations for establishing fund vehicles. Digital holdings are maturing into a crucial part of both conventional and specialised portfolios. In 2021, one-third of conventional fund vehicles ventured in digital holdings, and two-thirds planned to amplify their ventures in 2022. Notably, this…
An established and fully operational group specializing in the forex brokerage industry is now available for acquisition. This group includes multiple entities with financial licenses, a comprehensive online presence, and a complete infrastructure supporting marketing, sales, and customer service. The structure offers investors a turnkey solution with an extensive global reach. Key Details of Forex…
The Ready-Made company with AISP License holds an EU AISP (Account Information Service Provider) license issued by the Danish Financial Supervisory Authority, enabling it to provide account information services across the EU. EU Passporting: The license allows for passporting to all EU member states, providing extensive opportunities for expansion across Europe. Bank Account: The Company…
Overview EMI License in Georgia This company, licensed by the National Bank of Georgia since 2015, is a well-established provider in Georgia’s financial services market, known for a broad range of innovative payment solutions and extensive reach across the country. Key Services E-Money Issuing: Reliable electronic money issuance services. Multi-Currency E-Wallet & Account: Efficient fund…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
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+1 (888) 647 05 40A limited company (KO) is a certain business organization with two partners: full participants (those who work on behalf of the organization and are responsible with their material property in fulfilling the obligations of a limited company); who does not participate in the activities of a limited company (responsible only for obligations within the limits…
Company description in brief: Existing for 2+ years; Registered with the FCA (Financial Conduct Authority) as small payment institution, permission for money remittance; Banking with virtual IBANs for clients (UK provider) in place; Never traded, no debts, liens or clients. Sold due to departure of owners to another country. Takeover procedure takes from 1 to…
A private enterprise is a legal entity that can operate on the basis of property owned by one or more owners, or itself. PE is often equated with a private entrepreneur, that is, an individual, but this is not correct. According to legal terminology, a legal entity is an individual entrepreneur, and an individual is…
The organization dealing with migration issues provides data according to which about 200 thousand foreigners are currently in Ukraine. A significant part of them are citizens of the former countries of the Soviet Union. Regardless of how many foreigners live in our country, their stay should be regulated by the legal field. The law spells…
The entry of foreigners into Ukraine in accordance with the prescribed standards of Ukraine and the state – the homeland of the immigrant. In addition, border crossing rules depend on the purpose of visiting Ukraine. RESIDENCE IN UKRAINIAN TERRITORY Until 2012, the nuances regarding the entry and residence of persons of foreign origin were regulated…
The Ukrainian law “On Refugees and Persons in Need of Protection” defines the situation of a refugee. The law helps regulate public relations, as well as rights with obligations. According to the law: A refugee is a person who, due to certain circumstances beyond her control, has to leave her country, where she was born…
Withdrawal of funds of a bank PNB Help with payments of funds at PNB bank. Most recently, on August 15, 2019, the Financing and Capitalization Market Commission decided to suspend the work of PNB bank. From now on, every account is frozen, all available ATMs and online banking do not work. And this, in turn,…
Only by observing certain requirements, you can get a residence permit. They should be read in order to have an understanding of how to get a positive result in solving the resulting problem in the future. If you have any questions and need advice, you can contact a lawyer. He will help you understand this…
Increase the length of stay in Ukraine. Increasing the time spent abroad will come in handy in such cases: the visa has expired; you need to enter the country under a visa-free regime, but the allotted time is not enough for you. A reason to stay in the country Having decided to stay on the…
Conditions of stay in Ukraine are optimal for foreigners. Therefore, many people want to be full members of society in the Ukrainian territory. To do this, everyone who wishes can meet a certain number of requirements and conditions prescribed by the legislative bodies. The easiest and most effective way to obtain Ukrainian citizenship by marriage…
Of the ways of legal residence, many prefer to get a temporary residence permit. It should be issued if you do not have the opportunity to obtain a permanent residence permit. ALGORITHM OF PREPARATION OF DOCUMENTATION FIRST POINT To acquire a temporary view of the place of residence, you must have certain grounds. All of…
Every year you can hear more and more how stable the economic and political situation in the EU countries is, that the standard of living there is much higher. This is the main reason why migrants are striving to Western countries (and not only for work, but also for permanent residence). European citizenship offers great…
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