Confidential by defaultEstablished 201072 Jurisdictions

What does it mean to “lease” a license and what services does your company (Faisal Khan & Co) provide for the fee you charge?

The question in full

Lease a license refers to operating under a licensed financial institution’s framework instead of obtaining a direct license. Businesses can choose different paths such as applying for their own license, acquiring an existing one, becoming a registered agent, or working under a sponsor model.

Answer

As it has already been pointed out to you (in the proposals you may have received and various YouTube videos), there are many avenues of approach when it comes to getting a license for your money transfer business project.

You can:

apply for your own new license
you could buy a company that already has a license
you could become a registered agent of a company that has a license,
or you could let the company sponsor your project under their license.

What does it mean to “lease” a license and what services does your company (Faisal Khan & Co) provide for the fee you charge?

Suggested Video(s)