Setting up a FinTech start up in 2025

Since 2003, Healy Consultants Group assists our multinational Clients with financial technology (FinTech) business set up including i) company incorporation and ii) multi-currency corporate bank account opening and iii) legally minimising local and international tax and iv) regulatory license (if any) and v) physical office premises and Staff recruitment and vi) legal and compliance considerations and vii) accounting and tax support.

  • Common FinTech business activities that we support

    These include but are not limited to:

    • Neo banking and electronic money deposit-taking activities.
    • Digital assets platform management for lending and credit.
    • Payment automation infrastructure.
    • Cryptocurrency, digital wallets and exchanges.
    • Software to improve back and middle office processes in financial institutions.
    • Tech platforms (e g crowdfunding, fund raising and secondary trading).
    • Data/analytics technology to improve business performance.
    • Capital markets services (e g providing financial advisory services or offering digital tokens).
    • Trading and investment.
    • Cybersecurity.
  • How can Healy Consultants Group assist FinTech start-ups?

    • Certainty and reliability – before the engagement begins, Healy Consultants Group and our Client will agree in writing i) total engagement costs and ii) the total engagement period and iii) deadlines and deliverables and iv) accounting and tax considerations and v) legal and compliance matters. All of this information is documented in an engagement strategy document or a detailed project plan. Consequently, our Client can predict the date they can legally conduct business through the FinTech entity.
    • Agree the optimum jurisdiction – Healy Consultants Group boasts experience with setting up a business in every country on the planet. Our team can inform multi-national Clients of the advantages and disadvantages of every jurisdiction.
    • We think outside the box and keep things simple – we start from the premise of securing i) regulatory license exemption and ii) zero tax jurisdictions and iii) exemption from independent statutory annual audit and iv) virtual office premises instead of fixed physical office premises leases and v) independent international consultants with minimum local Staff and vi) using available free zones and vii) fast nominee solutions and viii) complete payroll and bookkeeping support ix) merchant account and crypto exchange wallet support and x) offer readymade licensed shell company solutions and xi) secure correspondent banking solutions;
    • Regular transparent communication – in their preferred language, our Staff will supply our Client with weekly detailed engagement status updates including i) quality deliverables and ii) engagement progress and iii) engagement problems and solutions. Consequently, our Client is free to run their daily business and does not need to supervise Healy Consultants Group staff.
    • Without you having to travel – Healy Consultants Group Staff will project manage the A to Z of the FinTech business set up engagement, without the shareholders and directors and bank signatory leaving their home country. We offer guaranteed multicurrency corporate bank account opening.
    • Minimum inconvenience – Healy Consultants Group Staff will shield our Client from the annual administrative burden of registering and maintaining an overseas FinTech business.
    • One stop-shop – Healy Consultants Group Staff will handle all the moving parts of a FinTech business including i) business set up and ii) monthly and quarterly Government reporting including sales tax and payroll and compliance and iii) annual accounting and tax and iv) legal and compliance matters and v) logistics including physical office premises and Staff recruitment and vi) pay-master services and vii) correspondent bank accounts and viii) merchant accounts and ix) trademark registration and x) corporate finance and xi) IPO and xii) other business support.
  • Examples of popular American FinTech solutions

    Over the past years, Healy Consultants Group assisted multi-national Clients with business set up in the countries below:

    Question Option 1 Option 2 Option 3
    Preferred location to register an EMI? USA Cayman Islands Canada
    Suitable location to register a crypto exchange? Bahamas St. Vincent USA
    Fastest solution to register a FinTech company? St. Vincent Canada Cayman Islands
    Suitable location to register a neobank? USA Canada Puerto Rico
    Where can you supply me a professional nominee resident director and AML compliance officer? Puerto Rico Canada USA
    Where to register a company with minimal substance requirements? St. Vincent Puerto Rico BVI
    Readymade licensed shell company available? Canada USA Puerto Rico
    Easy to secure a corporate bank account for a FinTech company? Canada Puerto Rico Cayman Islands
  • Examples of popular European FinTech solutions

    Some popular European solutions requested by multinational Clients include:

    Question Option 1 Option 2 Option 3
    Preferred location to register an EMI? Lithuania UK Cyprus
    Suitable location to register a crypto exchange? Gibraltar Switzerland Lithuania
    Fastest solution to register a FinTech company? Lithuania UK Portugal
    Suitable location to register a neobank? Germany Switzerland Bulgaria
    Where can you supply me a professional nominee resident director and AML compliance officer? Lithuania UK Switzerland
    Where to register a company with minimal substance requirements? Gibraltar Estonia Lithuania
    Easy to secure a corporate bank account for a FinTech company? Estonia Lithuania UK
  • Examples of popular Middle Eastern FinTech solutions

    The table below lists some popular Middle Eastern solutions requested by multinational Clients:

    Question Option 1 Option 2 Option 3
    Preferred location to register an EMI? UAE Bahrain Oman
    Suitable location to register a crypto exchange? Bahrain UAE Kuwait
    Fastest solution to register a FinTech company? Bahrain UAE Oman
    Suitable location to register a neobank? UAE Bahrain Saudi Arabia
    Where can you supply me a professional nominee resident director and AML compliance officer? UAE Bahrain Saudi Arabia
    Where to register a company with minimal substance requirements? Bahrain UAE Saudi Arabia
    Easy to secure a corporate bank account for a FinTech company? UAE Bahrain Saudi Arabia
  • Examples of African FinTech solutions

    Some popular African solutions requested by multinational Clients include:

    Question Option 1 Option 2 Option 3
    Preferred location to register an EMI? Kenya South Africa Nigeria
    Suitable location to register a crypto exchange? South Africa Nigeria Kenya
    Fastest solution to register a FinTech company? South Africa Nigeria Kenya
    Suitable location to register a neobank? Kenya Nigeria South Africa
    Where can you supply me a professional nominee resident director and AML compliance officer? Kenya South Africa Nigeria
    Where to register a company with minimal substance requirements? Nigeria South Africa Kenya
    Easy to secure a corporate bank account for a FinTech company? South Africa Kenya Nigeria
  • Examples of Asian FinTech solutions

    Some popular Asian solutions requested by multinational Clients include:

    Question Country W Country X Country Y Country Z
    Preferred location to register an EMI? Singapore Hong Kong New Zealand Labuan
    Suitable location to register a crypto exchange? Labuan Singapore New Zealand Hong Kong
    Fastest solution to register a FinTech company? Hong Kong New Zealand Singapore Labuan
    Suitable location to register a neobank? Hong Kong Singapore New Zealand Labuan
    Where can you supply me a professional nominee resident director and AML compliance officer? Singapore New Zealand Hong Kong Labuan
    Where to register a company with minimal substance requirements? Singapore Hong Kong New Zealand Labuan
    Ready made licensed shell company available? Singapore New Zealand Hong Kong Labuan
    Easy to secure a corporate bank account for a FinTech company? Hong Kong New Zealand Singapore Labuan
  • Advantages of setting up a FinTech start-up

    • It is becoming difficult for corporations to work with traditional ‘bricks and mortar’ banks because of increasing internal/international compliance measures. FinTechs are more nimble, dynamic and can onboard customers considered high-risk by traditional banks and cater to their payments and financial needs.
    • There is secure and evolving regulation which supports FinTech start up growth and innovation (e g Singapore Regulatory Sandbox regime).
    • Tax advantages. For example, in Labuan, FinTechs pay a minimum 3% annual corporate tax on net profits and zero withholding tax on payments to non-residents.
    • Access to the multi-billion dollar global FinTech market.
    • Other incentives to attract FinTech start-ups include i) government subsidies ii) business development support and iii) assistance with global expansion. See these grants in Singapore, these incentives in Dubai and this initiative and this initiative in Labuan.
    • Straightforward licensing procedures in some jurisdictions. For example, in Labuan, no special FinTech licence is required. The business only needs to obtain approval from the Labuan Financial Services Authority.
  • Disadvantages of setting up a FinTech business

    • In some countries, securing a FinTech licence can take up to nine months. Some central banks and financial services authorities require large amounts of information about the business before approving a licence application.
    • FinTech licences are expensive, costing as much as US$30,000 per year in renewal fees.
    • Outside the main global FinTech hubs of London, New York, Frankfurt, Dubai and Singapore, there is currently a shortage of FinTech talent (e g software developers, cloud engineers, network engineers, cybersecurity experts and data scientists). However, this will be a short-lived phenomenon, with many talented professionals now joining the industry.

Conclusion

Starting a FinTech business is easy if you know how. To engage Healy Consultants Group, communicate with us to begin the business set up process:

Contact us

For additional information on our company registration services, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Senior Manager, Sales and Business Development
  • Get in touch