Professional Legal Expert Services for Acquiring FinTech License
Licensing a FinTech company is a primary step to success. LegalBison is here to guide you through this process in a simple and efficient way.
Types of FinTech licenses
A FinTech company, short for a financial technology company, is a business that uses sophisticated or innovative technology in order to provide financial services to other businesses and consumers. The main goal of a FinTech company is to digitalize – and thus facilitate – the way people and companies store, transfer, invest, borrow, and secure their funds online.
Make your business fly up
Get your FinTech company on the road with LegalBison. Our qualified professionals will assist you with the licensing process from the starting point up to the finish line. Contact us right now for a free first consultation.
FinTech License — Process, Cost and Duration
A license for a FinTech company can be issued by an onshore and an offshore country alike. In certain cases, offshore jurisdictions are preferable due to their lower cost and comparatively faster registration process. However, the best FinTech license depends solely on the owner’s needs. What type of company is going to be launched? What is it going to deal with? Who will be its primary customers? These are the questions to ask while deciding on a licensor. Once the choice is made, one can move on to creating the company itself.
Process of getting a FinTech license
First and foremost, the criteria and covered services of a chosen licensor must correlate with the needs of a company that submits an application. To make this possible, one must choose a licensing jurisdiction that suits the company plan right now and also will work out well in the long run. To soften out the most responsible part of the process, contact LegalBison with your project idea so we can choose the license that will constantly move it forward.
The second step is to form a legal entity (a future company), prepare all the necessary documents, and tick the boxes according to the licensor’s requirements. The paperwork may include lots of documents that are too tedious to collect and prepare. Henceforth, you can entrust the process to us.
Once the backbone of the company is in perfect shape, the board of the firm can apply for the license. Eventually, a meeting with the regulator might take place, so that the company’s owner can get all the necessary feedback and make the requested adjustments.
Cost of getting a FinTech License
How much does it cost to start a fintech company? The cost is an important aspect of the licensing process. However, the initial licensing fee and all the associated expenses depend on the chosen jurisdiction, the license type, and the business model. Only an expert can determine the exact cost of a FinTech license while taking all these aspects into consideration.
In practice, the licensing costs can often be reduced if a startup owner agrees to proceed step-by-step and offer one thing at a time. For example, a crypto exchange business that is planning to offer payment cards. Starting out as a simple crypto exchange platform is way less costly, especially in the early stages of company formation and development. Once everything is settled and things are going well, the company may move on to integrating other services, including the payment cards. The point is clear: to save on the licensing procedure, one must first apply for a license that covers only one basic feature of the product.
Duration of getting a FinTech license
The last factor to take into account is the duration of the licensing process. The exact time period is difficult to predict as it depends on the jurisdiction and its conditions, the license type, and the business model. If you need to license your fledgling company as rapidly as possible, contact us at any time and have an expert estimate the licensing period for your project.
While it fluctuates, the duration is mainly subject to three factors:
- First, the applicant’s ability to prepare and submit all the documents and meet all the requirements as fast as possible.
- Second, the regulator’s workload and the announced time it will take to review the application.
- Third, any possible external factors that can influence the speed of the licensing process, such as mailing delays, excessive workload of the regulator, and any other unpredictable events.
Thus, the duration of licensing a FinTech company raises an important question: when to start applying for a FinTech license? In practice, the sooner the better. The case with the majority of delays is that a FinTech company keeps postponing the licensing process until the regulator’s workload does not allow it to review any new applications. With assistance from LegalBison, the company formation and license application procedures can get significantly faster and less tedious for the CEO.
Start your business the right way with LegalBison!
Our wide range of options is suitable for businesses of any size or budget. We optimized the process of launching a brand-new business entity, whether you’re a small crypto-themed start-up, an NPO, or a mid-sized company that needs to obtain a financial services license in Europe. In addition to lowering possible financial and legal risks that might arise, our skilled team of qualified experts will help you save time and money.
Financial Services License – Banking and Investment Licensing
Ever wondered how to get a Forex trading license? How to register a company that can deal with securities, lending, and asset management? Right now may be the perfect time to look into it, since the COVID-19 pandemic hasn’t damaged the investment industry. In fact, the opposite is true: Due to the intensified volatility of the global stocks and marketplaces, the opportunities have increased manifold. Just like companies providing blockchain legal services, FX businesses thrive in times of instability! In case you’re looking to obtain an EMI License in Lithuania, LegalBison can also offer its corporate, technical, and finance expertise in order to make sure that your new business is up and running in no time.
For offering securities, portfolio management, financial advice, and other related financial services, your best pick is going to be an investment license.
Company Registration Services for Every Type of Offshore License
If all local procedures and deadlines are followed in a correct manner, your experience will be nothing short of amazing. You can always count on us to over-deliver – no matter if we’re helping you attain a license for a cryptocurrency exchange or if we’re providing legal consultation on the challenges of the local legal framework. We have years’ worth of experience in supporting new legal entities and helping businesses with international ambitions. If you’re a company ready to conquer the lucrative markets of Hong Kong, Estonia, Vanuatu, and many others, feel free to contact us immediately.
Whatever your ambitions, it starts with setting up the right company in the right jurisdiction. And LegalBison is here to guide you in this choice and process.
Setting Up Global Bank Accounts
As the leading purveyor of varied services such as cryptocurrency legal advice, we take utmost care to provide you with the most definitive, hassle-free bank account opening services. Many of our top customers choose to open a bank account outside their country of residence because of the following advantages:
- Higher protection of the capital
- Increased tax savings
- Access to high-end and high-speed transaction services
- A growing number of international investment opportunities
Obtain a License for Cryptocurrency Exchange | Top Blockchain Use Cases
Amidst the cryptocurrency boom, the wisest course of action is to become a supplier of tools, not only an active participant. The potential reward for starting up your own BTC exchange is higher than ever before as the crypto craze reaches a fever pitch. The LegalBison team will help you launch your cryptocurrency licensed project in a matter of months. Even before you go live via beta testing, we will help you to partner up with the best payment processors for crypto, find and implement the best cybersecurity practices, and iron out all the other finer details that will help make your business successful from day one.
Gambling Licenses: Legal Opinion, Definition
Web-based casinos are a great business that can yield great profits, but they require a great deal of expertise. If you want to launch a company as an e-gambling casino operator, the risks and complications related to gambling licenses can be overwhelming. We offer a broad selection of both readymade and tailored options for all of our clients looking to kick-start a casino. On top of providing blockchain legal services to customers interested in a crypto-centric platform, we also can help you choose:
- Software provider;
- Gaming content;
- Best means of payment;
- Best-suited jurisdiction.
FinTech licenses
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Fastest licensing process
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Lowest price in 2024
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Available ready-made companies
Crypto License in Estonia
from 1.420 €-
0% Corporate Income Tax
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Cheap and fast process
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No travel needed
Crypto License in Czech Republic
from 4.200 €-
EU jurisdiction
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Light requirements
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No residency required
Crypto License in France
on request-
MiCA compliant
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Allows portfolio management
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High reputation
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Prestigious license
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Low taxation
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Comprehensive framework
Crypto License in Kazakhstan
on request-
Top level framework
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Tax incentives
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Cheap IT workforce
Crypto License in Malaysia
on request-
Straightforward process
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Light AML and KYC
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3% Tax
Crypto License in Singapore
on request-
Elite finance country
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Prestigious
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Provide electronic money
Crypto License in Thailand
on request-
Proven framework
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Clear process
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Rising economy
Crypto License in British Virgin Islands
on request-
0% Taxes
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Fast set-up
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Easy to start
Crypto License in Cayman Islands
on request-
0% Taxes
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Crypto-Friendly
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Minimal requirements
Crypto License in Dubai VARA
on request-
One of the best reputed license
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High range of crypto activities
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Dedicated regulator
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High reputation
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Financial business hub
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Offshore jurisdiction
Crypto License in Switzerland
on request-
8.5% CIT
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Flexible framework
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Financial prestige
About FinTech licenses
While sorting out how to create a FinTech company, we always mention that the licensing conditions are different for every jurisdiction and project type. At the same time, one rule remains unwavering regardless of the formed company: compliance with the law of a selected licensing country.
Any company that uses IT to provide financial services is considered FinTech. Besides, the term is also true for innovative businesses that intend to bring something new to the existing scope of financial services based online.
Monzo is a British FinTech company that primarily provides banking services. It is not a bank as traditionally implied by using this word, legally speaking. The reason it is allowed to do so is because it holds a banking license in the UK. With the qualified help from LegalBison, your company can obtain one too.
Lay a strong legal base for your FinTech company
Our team is dedicated to your success. Reach out for a free consultation call with a legal expert to assess the details of your project and curate a solution that suits your needs and preferences.
Leave a request now and receive a callback within the next 24 business hours.
Our team of experienced professionals to assist you with any question and project pertaining to FinTech projects.
