FinTech

Licensing and legal support of payment business
Structuring of payment business
Legal support for payment business "on a turn-key basis"
Electronic money institution/E-wallet
EMI (electronic money institution) license authorizes its owner to issue electronic money for the further conduction of payment operations. Functionally EMIs are close to banking institutions - they have the right to open sub-accounts for their customers (electronic wallets) and conduct transactions upon their order. The main diversity - EMI is not able to provide loans. Payment licenses of EMI type can be obtained in the countries of the European Union, Hong Kong, Singapore, Georgia and other countries.

Services:
  • advising on the jurisdictions for obtaining payment license and regulatory features;
  • company formation and support of EMI/SVG/E-wallet licenses obtaining in different jurisdictions;
  • preparation of AML, GDPR, KYC and other policies;
  • bank account opening;
  • accounting and legal support of payment companies.
Payment institutions
The payment institution, unlike EMI, does not have its own digital currency and exclusively engaged in money transfers. There are two types of European PIs - small (work only within one state) and big (have the right to work throughout the European Union). Different countries have their own similar types of licenses, for example MSO (Money service operator) in Hong Kong and others.

Services:
  • advising on the jurisdictions for obtaining payment license and regulatory features;
  • company formation and support of PI/MSO/PSP licenses obtaining in different jurisdictions;
  • preparation of AML, GDPR, KYC and other policies;
  • bank account opening;
  • accounting and legal support of payment companies.
Blockchain
Blockchain technologies continue their rapid development and virtual currencies are only strengthening their positions as a global payment instrument. But the industry passes through changes, regulatory requirements are growing, that's why it is important to be prepared and adapt in time.

Services:
  • advising on the regulation of cryptocurrencies in Ukraine and other jurisdictions;
  • support of digital currencies emission, ICO, STO, IEO, preparation of white paper and other accompanying documents;
  • support of obtaining the license on Crypto wallet, Crypto exchange, DLT, set up of crypto funds.
Contact Us
Tel: +38 068 731 61 82
E-mail: info@solexgroup.co
Address: Volodymyrska St. 52/17, Kyiv, Ukraine, 01030
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