All we need is our CEO, a compliance officer, and an office located in the EU (possible). Am I correct? Are the compliance officer + the office required to be based in the license holder’s country?

If you apply for a license then yes. For sponsorship (operator-led mode, no). For other types of delegate status such as EMD and RA, yes.

Suggested Video(s)

—

This page was last updated on December 2, 2024.

–

Related posts:

  1. When you said an office is needed, do you mean we have to incorporate first and rent an office, or just a virtual office (same as the license holder’s office) while there is likely no staff (of us) to work there?
  2. Our understanding was that the UK/EU integrations could be possible in Q4 2021, kindly confirm if this understanding is correct.
  3. As the Operator Led participant, we can open an EUR IBAN account for processing transactions (which means we can access/install a payment application (provided by the EMI holder) for sending/tracking transactions). So when a customer agrees to use our service, they will send EUR to our IBAN account, is it correct?
  4. Does Faisal Khan offer compliance management? I’m not sure how this works in America, but in the United Kingdom, sometimes the license consulting company is also the Chief Compliance Officer.
  5. Do we have to hire an accounting firm in the license holder’s country?