We work with clients based in the Asia-Pacific, including, China, Hong Kong and Singapore. These range from large well-established brands to start-ups. We help them to expand into Europe and offer financial services, including, payment services, electronic money, investment services, banking, lending and fintech services and products to the European market. This often requires careful planning and working closely with such clients to help them with their operational setup in Europe as well as obtaining the relevant licences.
We help clients obtain fintech licenses in most European countries. Such a license often fall within the scope of payment services, electronic money, investment services, credit institution (bank license) or consumer credit (lending) P2P and crowd-based business models. We spend time with our clients to understand their plan and strategy as well as their business model. We can help clients with the operational setup, including, hiring their management and employees, obtaining office premises, obtaining banking facilities and liaising with third parties where additional services are required.
In preparing a strong license application it is important to address a number of key areas. As part of the basic conditions, you will be required to operationally set up in the European country of the license application E.g. The United Kingdom. This means local management and employees, as well as a physical office to operate from. Virtual offices are not accepted by the regulator. A number of documents will be required to be submitted with your license application. These typically include a business plan, financial forecasts, operational procedure, compliance procedure, money laundering policy, and risk management policy. You will also be required to provide details of your management team, staff and shareholders. We are able to manage this process on your behalf.
Buckingham Capital Consulting is able to advise you on the best course of action and strategy based upon your business strategy and financial product or service. We can you with licencing, compliance, operational setup and related services, including, obtaining facilities.