Ready-Made LTD (PTY) as a Juristic Representative under a main VASP License:  62.000 EUR

• 100% ownership & shares of the company.
• FSCA Category 1 Juristic Representative License approved for crypto intermediary services. This is a Juristic Representative of a Main VASP License. There are no differences of services rendered between a Main License and Juristic Representative. This Juristic Representative company is fully authorized and trades independently by itself. Only the authorization of the financial services is supervised/granted by the Main License.
• Customized implementation plan development.
• Immediate capability to commence operations.
• Full compliance with the Financial Sector Conduct Authority (FSCA) requirements, ensuring the operational legitimacy of your crypto-assets service.
• Complete bank account setup and ownership transfer.

*Local bank account is through First National Bank (Gold Business Bank Account). Supports cryptocurrency investment through platforms regulated by the South African Reserve Bank (SARB). Crypto companies and users in South Africa also use crypto wallets to make crypto transactions.

A notarized copy of passport and proof of address will be needed.

*Time line : Transfer of shares take between 3-5 working days after all documentation and payments are received and reviewed.

Required monthly operational support package: 8.000 EUR with a 12 month minimum contract and due at the 1st of every month.

Includes:

• A local director, to oversee company functions.
• We provide experienced and qualified individuals to serve as local CEOs or directors for your company, ensuring effective leadership and management.
• A compliance officer, as mandated by the FSCA.
• Our compliance officers ensure that your company adheres to all regulatory requirements, minimizing the risk of any non-compliance issues.
• A local key individual on the license, fulfilling FSCA requirements.
• Our local key individual meets the regulatory requirement of having an authorized person responsible for compliance and risk management.
• A local accountant to ensure adherence to financial regulations.
• We offer the services of local accountants who are well-versed in South African financial regulations and can handle your company's accounting needs only to comply with the yearly audits as per FSCA (regulatory body) requirements. Please note day to day transactions are not included, but can be charged by hour if needed.
• Facilitating the buying and selling of cryptocurrencies directly from fiat currency.
• Facilitating = brokerage or broker. Meaning we are the brokerage that makes sure the buying and/or selling of the P2P services happens in an orderly manner. You, as a client, can then ask a fee (brokerage fee) for this service.

In the case another VASP/CASP causes any upset on the Main License, we provide an alternative license and shift the companies over seamlessly, and this all included within the monthly fees.

We provide comprehensive support across three critical areas: Regulatory Compliance and FSCA Licensing, Operational Setup, and Ongoing Market Presence Management.

We understand the complexities of entering a new market, and our team is dedicated to providing you with:

• End-to-end project management
• Transparent communication
• Regulatory compliance assurance
• Operational excellence support

Not included in the Category 1 license (however simple solutions are available):

Operating Cryptocurrency Exchanges: Facilitating the buying and selling of cryptocurrencies directly from fiat currency.

*Exchange is considered as a bank in South Africa, and we advise against it as this is highly regulated and needs significantly more staff and compliance. We use one of the existing exchanges to divert risk and use their technology to interact/integrate our crypto platform, and this service is included in the monthly operational support package.

Ready-Made LTD (PTY) Main VASP License:  158.000 EUR

• 100% ownership & shares of the company and Main VASP License.
• FSCA Category 1 VASP License approved for crypto intermediary services.
• Customized implementation plan development.
• Immediate capability to commence operations.
• Full compliance with the Financial Sector Conduct Authority (FSCA) requirements, ensuring the operational legitimacy of your crypto-assets service.
• Complete bank account setup and ownership transfer.

*Local bank account is through First National Bank (Gold Business Bank Account). Supports cryptocurrency investment through platforms regulated by the South African Reserve Bank (SARB). Crypto companies and users in South Africa also use crypto wallets to make crypto transactions.

A notarized copy of passport and proof of address will be needed.

*Time line : Transfer of shares take between 3-5 working days after all documentation and payments are received and reviewed.

Monthly operational support package: 8.900 EUR - This is the monthly cost for our all-inclusive company operational services, however with the main license, you may choose to hire your own team.

Includes:

• A local director, to oversee company functions.
• We provide experienced and qualified individuals to serve as local CEOs or directors for your company, ensuring effective leadership and management.
• A compliance officer, as mandated by the FSCA.
• Our compliance officers ensure that your company adheres to all regulatory requirements, minimizing the risk of any non-compliance issues.
• A local key individual on the license, fulfilling FSCA requirements.
• Our local key individual meets the regulatory requirement of having an authorized person responsible for compliance and risk management.
• A local accountant to ensure adherence to financial regulations.
• We offer the services of local accountants who are well-versed in South African financial regulations and can handle your company's accounting needs only to comply with the yearly audits as per FSCA (regulatory body) requirements. Please note day to day transactions are not included, but can be charged by hour if needed.
• Facilitating the buying and selling of cryptocurrencies directly from fiat currency.
• Facilitating = brokerage or broker. Meaning we are the brokerage that makes sure the buying and/or selling of the P2P services happens in an orderly manner. You, as a client, can then ask a fee (brokerage fee) for this service.

We provide comprehensive support across three critical areas: Regulatory Compliance and FSCA Licensing, Operational Setup, and Ongoing Market Presence Management.

We understand the complexities of entering a new market, and our team is dedicated to providing you with:

• End-to-end project management
• Transparent communication
• Regulatory compliance assurance
• Operational excellence support