fbcode

Offshore Strategies For Fintechs
FAS CPA & Consultants

Service Details

Offshore banking brings many benefits for fintech companies and it is completely legal when done correctly. But more useful is to know what are the best jurisdictions you can get a license for a start-up offshore bank.

International Payment Processor

If you want to start a payment processor of your own, you will need to partner with a corresponding bank. It is not easy to get a corresponding bank account nowadays, but with a sound AML policy and regular policies and procedures in place and in writing, corresponding banks may consider your application. Your Fintech may also plan to become an offshore bank itself. Puerto Rico, Cayman and Dominica are good jurisdictions. For Fintech companies doing blockchain and business in the EU, Lithuania also offers a special banking license designed for Tech and Cryptocurrency banking. Recently one of our clients’ special license application was approved in Lithuania.

Money Transmitter (MT) Licensing

In the US, one of the biggest challenges faced by startups in the fintech space, is that of money transmitter licensing. Obtaining money transmitter licenses is not easy. It involves a large amount of paperwork, money and time. It can take up to two years to amass all 50 state licenses for the USA. Needless to say, not every fintech startup requires money transmitter license coverage. For most, licenses would not be a requirement, but for those who do touch money as part of their business model, getting money transmitter licenses from the states in which their clients are based is very important.

Initial Coin Offering ICO

The primary reason for people leaning towards ICOs is that it looks like a much easier way to raise a large amount of money. There are instances where that is clearly the case and that will be a long-term phenomenon. The token has to make sense for the company and it has to be appealing to the investors, one important tool to use is the types of offerings: The Regulation D have various types of offerings. The Regulation D have to sell to accredited investors.

Subscription Plans

Silver

$80K

Filing Fee

Gold

$100K

Filing Fee

Platinum

$150K

Filing Fee

We Are Just A Phone Call or Email Away From You.

Accounting Firm providing Accounting Advisory, Tax Planning and Offshore Strategies to grow your business and protect your assets.

Clients Feedback

Our Clients Reviews

Thanks to FAS & CPA Consultants and Fulton Abraham Sanchez, CPA, I was able to resolve a debt of $479,677.71 that I had with the IRS.

    Gala Cedeño
    Gala Cedeño

    Entrepreneur

    My experience with FAS CPA & Consultants has been incredible, their professionalism is impeccable. I highly recommend them.

      Carlos Lange
      Carlos Lange

      Manager

      I highly recommend FAS CPA & Consultants, they are responsible, efficient and very dedicated.                                        

        David Barcelo
        David Barcelo

        Manager

        error: Content is protected !!