Remit Licensing / Multi-branch exchange network
Multi-branch exchange network — Selected jurisdiction
Main licence, network manual and branch control plan.
- Place and authority
- Selected jurisdiction
- Capital
- Capital and guarantee per network
- Renewal
- Depends on the jurisdiction
Place and authority
Selected jurisdiction. Main licence, network manual and branch control plan.
Capital
Capital and guarantee per network
Renewal
Depends on the jurisdiction. Depends on the country or national regime chosen: some are renewed at fixed intervals, others are not. The quote states it for your file.
Our work and its timing
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Documents we will ask you for
Company, owners/UBOs, directors, compliance officer and agents
Required in every case
- Power of representation, notarised remotely. It gives us standing to act on your behalf before registries, banks and the relevant authorities, within the limits it sets out. The notarisation session is held by video; a valid identity document is required.
- Certificate of incorporation or recent registry extract
- Up-to-date articles, memorandum/articles or constitutive deed
- Register of directors and register of shareholders
- Ownership chart up to the natural-person beneficial owners
- KYC, tax numbers, CVs and criminal records of the owners, directors and compliance officer
- Description of services, currencies, corridors, volumes, customers and channels
- List of establishments/branches and agent contracts
- Business plan and evidence of financial capacity, capital, bond or guarantee
- AML/CFT programme, risk assessment and reporting/recordkeeping procedures
- Bank contracts, flow diagram and technology providers
Depending on the case
- Fingerprints and NMLS forms for US state licences
- Foreign criminal records for FINTRAC/FMSB
- Lease, cash security, insurance and cash-in-transit procedures
- Fit & proper of the BOOMs in United Kingdom
- Partner and sub-agent documents
The exact list follows what you order; it is confirmed in your client space after payment.
Questions
Where can this licence be obtained?
Selected jurisdiction.
What capital is required?
Capital and guarantee per network
Does the licence need to be renewed?
Depends on the jurisdiction. Depends on the country or national regime chosen: some are renewed at fixed intervals, others are not. The quote states it for your file.
How are your fees set?
This licence is quoted after review, because the authority's own fees depend on the activity. The firm quote follows the scoping call, before anything is signed.
How long does it take?
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Do you guarantee the licence?
No. The licence is granted by the authority after its own review. Our commitment is the quality of the file, its filing and its follow-up until the decision.