Bureau de change licence

Where it is obtained

In the jurisdiction you choose — Selected jurisdiction

This service is not tied to one country: it is carried out in the jurisdiction chosen for your licence.

Scope and authority as stated in our catalogue; the exact regime is confirmed with the regulator before any filing.

Minimum capital

According to country and cash exposure

As stated in our catalogue; checked again with the regulator before any filing. Regulatory capital is held by your company and is not part of our fees.

What the file covers

Choice of jurisdiction and full file; cash logistics and insurance excluded.

• Assembling the regulatory file and responding to further requests.
• Renewal and monitoring of the obligations attached to the licence.

How the file runs

1. A 20-minute callFree and without commitment: your activity, your flows and the country you are aiming for, to confirm that this licence is the right one.
2. A firm quote before any signatureOur fees, the government fees rebilled at cost and the capital to plan for, set out before you commit.
3. The regulatory fileProgramme of operations, governance, policies and the documents of the persons involved, then our answers to the regulator's further requests.
4. Filing and follow-upWe file in your company's name and follow the file through to the decision of the competent authority, which no one can guarantee.
5. After the decisionRenewal and monitoring of the obligations attached to the licence, if you entrust them to us.

Fees

On request — high-risk activity: the file first goes through enhanced compliance review; the price is given after that review.

• Excluding tax.
• A firm quote is issued before any signature. Government fees rebilled at cost, without commission.
• Regulatory capital, guarantees and the regulator's own fees are not included.

Documents required

• A valid passport for each shareholder and each director.
• Proof of address less than three months old.
• A description of the activity, the clients and the expected flows.
• Evidence of the source of funds, verified against an independent document from medium risk upwards.
• A signed beneficial-owner form.

This is our baseline, asked of every client. The list specific to this licence is given after the call, in your client space, once the file is launched.

Questions

Also in the jurisdiction you choose

• International / offshore banking licenceSelected jurisdiction
• Representative office / bank branchSelected jurisdiction
• Money Transfer Operator (MTO) licenceSelected jurisdiction
• Multi-branch exchange networkSelected jurisdiction
• VASP registration / licence outside the EUSelected jurisdiction
• Payment gateway regulatory structureSelected jurisdiction
• Principal Visa / Mastercard membershipAccording to eligibility
• Sponsor bank search and onboardingSelected jurisdiction
• BIC and SWIFT onboardingInternational
• Payment orchestration architectureInternational
• Merchant of Record set-upInternational
• Processor / core banking / ledger RFPInternational

All 36 licences for this place →

The same family, elsewhere

• Bureau de change / currency exchange officeUnited Kingdom — HMRC
• Money remittance / money transmissionUnited Kingdom — FCA + HMRC
• Federal FinCEN registrationUnited States
• Money transmitter licence — one StateUnited States
• Multi-State money transmitter programmeUnited States
• MSB registrationCanada — FINTRAC
• Foreign MSB registrationCanada — FINTRAC
• Exchange licence — exchange-only categoryUnited Arab Emirates — CBUAE