Publications

Launching a fintech business requires not only a technological solution but also the right regulatory model. This model determines which financial services the company can offer, whether it has the right to issue electronic money, and what operational requirements apply. The terms PSP, EMI, and AEMI are frequently encountered in the fintech sector. Although they all relate to payment services, there are important differences between them that must be considered before launching the business. A PSP (Payment Service Provider) is an entity that provides payment services. Such companies facilitate payments, money transfers, acquiring, and other payment operations. It is important to understand that "PSP" is a general concept rather than the specific name of a single, universal license. For instance, in the European Union, the relevant activities might require "Payment Institution" (PI) status.

When it comes to internal company policies, most entrepreneurs first think of documents regarding personal data protection, privacy, and cookie usage. Businesses have long been aware of the necessity of these policies, especially when dealing with clients from the European Union. However, corporate policies extend beyond personal data protection. There are many other documents governing company operations, client interactions, employee conduct, financial transactions, and public communications. For certain types of businesses, some of these are mandatory under the law or regulatory requirements.

Turkey remains a popular destination for investors seeking to purchase real estate, generate rental income, and obtain citizenship simultaneously. Turkish law allows for citizenship acquisition through real estate investments of at least USD 400,000, provided the property is not sold for a minimum of three years. However, the purchase itself does not automatically grant tax exemptions. It is crucial for the investor to structure the transaction in advance to meet citizenship program requirements while effectively utilizing tax benefits provided under Turkish law.

ESG reporting in the UK involves the disclosure of information regarding the environmental, social, and governance aspects of a company's operations. "Environmental" refers to a business's impact on the environment; "Social" covers employees, human rights, and other social issues; and "Governance" addresses corporate governance, risk management, and internal controls.

A UK holding company can utilize various tax mechanisms to structure subsidiary ownership and manage group profits more efficiently. However, UK law does not provide a specific, all-encompassing tax regime solely based on a company’s status as a "holding company." Tax benefits depend on the group's structure, the nature of the income, and the transactions between companies.

To launch a cryptocurrency business, an entrepreneur can either set up a company and complete all necessary procedures independently or consider purchasing a ready-made structure. The latter option may be particularly attractive to those wishing to reduce launch preparation time and gain immediate access to an established corporate and licensing framework.

Launching a cryptocurrency business does not necessarily require registering a company and going through every procedure from scratch. One option for entrepreneurs and investors is to purchase a ready-made company with a crypto license in Anjouan. This approach provides an established legal structure, allowing you to launch your own crypto project more quickly.

If you are planning to launch a fintech or payment business in the EU, one of the first questions is how to obtain the necessary license. You could set up a company in Lithuania and go through the entire licensing process from scratch. Alternatively, you could consider acquiring an existing Electronic Money Institution (EMI). For an entrepreneur, the latter option may be far more attractive if the primary goal is not merely to obtain a license, but to launch an actual financial business as quickly as possible.

Are you planning to invest in Turkish real estate with a budget of $400,000 or more? If so, purchasing an apartment or house can offer you more than just a property. Provided specific conditions are met, an investment of $400,000 can serve as the basis for obtaining Turkish citizenship, while the right choice of property and deal structure can help minimize acquisition costs.

For international financial business, jurisdiction is not just the country of registration of a company. Access to payment infrastructure, the ability to work with clients in different countries, capital requirements, regulatory burden and further scaling of the business depend on it. That is why, before launching a fintech project, payment service, money transfer or e-wallet, it is important to determine not just “where is it cheaper to open a company”, but where a specific business model will receive the best conditions for work. Among the popular options for international financial business, Lithuania, Hong Kong and Canada are often considered. But these jurisdictions provide fundamentally different opportunities.