Payment & Banking

Legal Basis for Anjouan International Bank License, Authorization from the competent authority, Scope of business and international acceptance should be independently verified before application. Applicants should also confirm the bank where the target customer is located, pay, Digital assets and AML/CFT requirements; Obtaining a local license does not mean that you can directly operate in other jurisdictions. Hong Kong Huitong can assist in company establishment, Manager information, Business plan and compliance document preparation, but does not have effect on the license, Guarantee of approval result or bank account opening.

The Lithuanian Electronic Money Institution (EMI) license is reviewed and supervised by the Central Bank of Lithuania (BoL) in accordance with the law. After the licensed institution completes the notification procedure to BoL, Available at 27 EU and European Economic Area (EEA) member states legally carry out electronic currency issuance, Services such as payment accounts and SEPA transfers. Statutory application requirements include: 35Minimum paid-in capital of 10,000 euros, 100% Customer funds physical isolation (Safeguarding) mechanism, Setting up a local limited liability company (UAB), and localization of senior management (core directors must be resident in the EEA). at present, Includes Paytend, A number of overseas Chinese companies, including IBS (International Business Settlement), have successfully obtained the license and established European business hubs here.. Hong Kong Huitong provides coverage for Lithuanian corporate establishment, Penetrating due diligence counseling for important shareholders, Legal agency services for business plan preparation and BoL regulatory interview agency.

International banking operations in Saint Vincent and the Grenadines are regulated by the Financial Services Authority (FSA) in accordance with applicable law. Applicants need to follow the license category, Capital, guarantees, local management, Suitable candidates and AML/CFT requirements preparation application, and undergo independent review by the FSA. tax, The scope of foreign exchange management and cross-border services must be confirmed separately based on the current SVG laws and the rules of the customer's location.. Hong Kong Huitong can assist in the establishment of corporations, Manager information, Business plan and application document preparation, However, there is no guarantee of approval time or results..

The Polish Electronic Money Institution (EMI) is regulated by the Polish Financial Supervisory Authority (KNF) and the European Union’s Electronic Money Directive.(EMD2) and "Payment Services Directive"(PSD2) Framework supervision. Fully functional EMI license allows issuance of e-money, Provide payment account, Card issuance and cross-border settlement services, And through the EU passport mechanism, you can legally operate in any EU/EEA member country. Applicants must meet 35 Initial paid-in capital of 10,000 euros, Physical segregation of client funds (Safeguarding) and governance commensurate with the size of the business, Management and eligibility requirements. If the business also involves crypto asset services, Whether CASP authorization is required should be separately defined based on MiCA, and prove electronic currency, Risks between payments and crypto asset activities and customer assets are effectively managed. Hong Kong Huitong provides coverage for the establishment of Polish corporations, Fit & Proper) review coaching, Business plan compilation and full legal agency services for KNF supervisory interview agency.

Offshore banking in Vanuatu is strictly regulated by the Reserve Bank of Vanuatu (RBV). According to the International Banking Law, RBV issues international (offshore) banking licenses to qualified locally registered entities or foreign bank branches in accordance with the law. Licensed institutions are strictly restricted to providing financial services to non-resident customers outside Vanuatu., but also enjoys exemption from income tax, Statutory absolute exemption from capital gains tax and stamp duty. 2023-2024years, RBV is comprehensively upgrading prudential supervision guidance, to meet Basel III (Basel III) and IFRS 9 compliance requirements. Faced with increasingly stringent physical presence (Physical Presence) red lines and anti-money laundering (AML/CTF) penetration inspections, Hong Kong Huitong provides you with everything from corporate establishment to, Executive Fit and Proper Due Diligence, Business and risk control white paper writing, To provide statutory agency services that fully respond to RBV’s months-long in-depth review.

The Luxembourg Electronic Money Institution (EMI) license is reviewed by the Luxembourg Commission de Surveillance du Financier (CSSF), Luxembourg Ministry of Finance final approval for licensing. The license is based on Luxembourg’s Payment Services Law (PSL) of November 10, 2009 and the European Union’s Electronic Money Directive (EMD2). Licensed institutions are allowed to issue electronic currencies and provide payment services in the European Economic Area (EEA). Statutory application requirements include: 35Initial paid-in capital of 10,000 euros, 100%Customer funds physical isolation (Safeguarding) mechanism, Substantial local operation (including physical office and at least 5 local employees), and compliance with the EU Digital Operations Resilience Act (DORA). Hong Kong Huitong provides coverage for Luxembourg SA corporate establishment, Executive fitness (Fit & Proper) review material preparation and statutory agency services of CSSF regulatory interview agency.

The banking industry in Georgia is regulated by the National Bank (NBG). in accordance with 2022 Amendments to the Commercial Banking Activities Act, NBG establishes "Conditional License" system. The system provides digital banks with 4 annual regulatory sandbox period, The initial minimum capital requirement is 5000 Ten thousand lari (GEL) downgraded to 500 Ten thousand lari. Licensed institutions support access to the Single Euro Payments Area (SEPA) and Open Finance (Open Finance) networks. Businesses involving crypto assets need to complete virtual asset service provider (VASP) registration at the same time. Hong Kong Huitong provides corporate establishment, Compilation of materials for executive fitness (Fit and Proper) review and legal agency services for license application.

The Estonian Electronic Money Institution (EMI) license is issued by the Estonian Financial Supervisory Authority (FSA) / Finantsinspektsioon) audit and supervision. After the approved institution completes the corresponding cross-border notification, Approved services can be provided within the European Economic Area. Applicants must have an initial capital of at least 350,000 euros, Protect customer funds in accordance with the law, and submit a business plan, governance, AML/CFT, IT security and internal controls information. The FSA will decide within 3 months after receiving all necessary materials., And no later than 6 months after receiving the application.

Offshore company and financial licensing in the different islands of the Union of Comoros are handled by the respective competent authorities. The current authorization of the issuing authority should be independently verified before applying., Applicable law, Internationally recognized, Bank acceptance and target market licensing requirements. Obtain local companies or licenses, It does not mean that banking can be conducted directly in other countries or regions., Broker, Payment or digital asset business. Hong Kong Express can assist with data verification, Company establishment and application document preparation, but does not have effect on the license, Approval time, Guarantee for bank account opening or cross-border business access.

UK electronic money institutions (EMIs) and payment institutions (PIs) are regulated by the UK Financial Conduct Authority (FCA). The FCA has introduced a number of regulatory frameworks in recent years., include 2021 Annual Special Administrative Procedures for Payments and Electronic Money Institutions (pSAR), 2023 Annual Consumer Duty Principles and 2024-2026 Annual Crypto-Asset Supervision Consultation Document (CP25/40 to CP26/4). EMI license allows the issuance of electronic money and provision of payment services; PI license is for payment services only. post brexit, The mainstream of the industry adopts the dual license layout of the UK and the EU. Applicants must meet 35 Initial capital of 10,000 euros, Calculation of ongoing own funds, Legal requirements such as physical segregation of client funds (Safeguarding) and location of the anti-money laundering officer (MLRO). Hong Kong Huitong provides coverage for corporate establishment, executive matching, Full legal agency services from business plan and compliance policy compilation to FCA interview coaching.