Greetings — I’m the CEO and founder of COREDO. Since 2016, our team has been helping entrepreneurs from Europe, Asia and the CIS build sustainable international businesses. We focus on company formation, obtaining financial licenses, AML consulting and full legal support – from Due Diligence to asset protection.
Registering a company abroad opens doors to new markets, but requires a precise understanding of local regulations. As CEO of COREDO, I personally take part in designing international structures, negotiating with banks and preparing companies for licensing. We build solutions so they simultaneously meet the requirements of the registrar, the bank and the compliance officer — without “on-the-fly rework”. Our experience at COREDO has shown that entrepreneurs often face regulatory traps, problems with banks and document inconsistencies. I will explain how to avoid these barriers based on real cases, and provide practical strategies for your success. From 2016 to 2026 we have supported projects in various scenarios: from “quick launches” of trading companies to complex structures with licensing, banking committees and annual compliance audits. The most common time losses for entrepreneurs are not the registration itself, but repeated submissions to banks and reworking documents to meet compliance requirements.
Therefore below I will describe exactly the points where the process usually “breaks down”.
Choosing a jurisdiction for business
Choosing the right country is the foundation of your project. In 2026 substance is not a “box‑ticking” office but proof of where management decisions are actually made and economic value is created (board minutes, local employees, contracts, expenses, control of functions). Banks and tax authorities increasingly look at the actual “place of management” rather than the registered address. The COREDO team analyses not only tax rates but also substance requirements (requirements for the real presence of the business), political stability and sanction risks.
The key factor was not the speed of registration but a pre-prepared “bank-ready” package: ownership structure, description of the business model, sources of funds and an operational process plan. This is most often what decides the fate of the account and the onboarding of payment providers.
COREDO’s practice confirms: always carry out a multi-level analysis. Consider access to EU markets (via the Czech Republic or Slovakia for manufacturing), residence permit programs (Cyprus or Portugal) and licensing opportunities (United Kingdom for forex).
Registration steps: from documents to launch
Registration is not a formality but a strategic process. Our approach at COREDO: a full turnkey cycle with legal outsourcing.
- Document preparation. Standard package, articles of association, memorandum of association, proof of address and beneficial owners’ KYC. An error in an operating agreement in Asia once delayed a client’s project by months – we revised it taking into account local rules, and the client launched on time.
- Choosing the legal entity form. In Poland, an SPI (small payment institution) is suitable for payment services; in Lithuania – a UAB for crypto. COREDO’s team completed the registration of an NPI in Poland: we took AML requirements into account and obtained the license in 3 months.
- Registration through official portals. In the Czech Republic: via Justice.cz, in Estonia, the e-Business Register. We use accredited agents, including clauses in contracts about force majeure and liability for regulations. In practice, the timeline is most often “eaten up” not by registration but by the compliance part: clarifications about UBO, sources of funds, contracts with counterparties and confirmation of the operating model. Therefore we prepare answers in advance to standard bank and regulator queries so as not to lose weeks to correspondence and re-submissions.
- Account opening. It is important to understand the bank’s logic: it assesses not only the company’s documents but also the risk profile of the model (products, client geography, volumes, counterparties), UBO transparency, sources of funds/wealth and readiness for ongoing monitoring. Therefore the “account package” should be assembled as for due diligence: a brief business memorandum, a cash flow diagram, compliance policy and proof of real activity. Banks check substance: office, employees, reporting. COREDO practice: preliminary due diligence of the document package guarantees approval in 95% of cases – from HSBC in the United Kingdom to OCBC in Singapore.
Obtaining financial licenses: crypto and banks
Licenses: the key to legitimate operations. It is important to distinguish “company registration” from regulated activities: payment services, exchange/storage of crypto-assets, investment services and forex almost always include licensing triggers. An error at this stage leads to bank refusals and risks of operating “in the gray zone”, so we always perform a preliminary qualification of activities and regulatory positioning before submitting documents. COREDO specializes in crypto licenses (Lithuania, Estonia), payment (Poland NPI/SPI), forex (Cyprus CySEC) and banking (Switzerland).
| License type | Jurisdiction | Key requirements | Timeframe (COREDO experience) |
|---|---|---|---|
| Crypto (VASP) | Lithuania/Estonia | AML/KYC policy, capital 125k EUR | 2-4 months |
| payment services | Poland (NPI) | Minimum capital 25k EUR, substance | 3 months |
| Forex/Investments | Cyprus (CySEC) | Leverage limits, investor protection | 4-6 months |
| Banking | Switzerland/United Kingdom | FINMA/PRA approval, risk management | 6-12 months |
AML consulting: protection against risks
AML is not a “set of documents” but an operational risk management system: who your client is, where the money comes from, which transactions are normal for your profile and which are a trigger. Companies that embed AML from the start are less likely to face freezes, sudden bank inquiries and loss of payment infrastructure. Regulations like the EU AMLR and FATF require transaction monitoring, customer due diligence and a risk-based approach.
beneficial ownership transparency is mandatory: we use UBO registers in the EU. COREDO practice: an annual compliance audit prevents 80% of fines.
Support: from registration to scaling
COREDO предлагает не разовые услуги, а партнерство. Legal outsourcing включает договорной due diligence, legal opinions, споры с банками и регистрацию ТМ.
Our experience with hundreds of projects proves: a systematic approach saves time and resources. Clients receive transparent timelines, fixed fees and support at all stages – from idea to IPO preparation.
Final recommendations
Invest in expertise in advance. Start with a risk audit: substance, sanctions, AML. Choose jurisdictions based on your goals – the EU for markets, Asia for hubs. Trust teams with a track record, like COREDO.
In 2026, those who design legal and compliance architecture in advance, rather than react to problems after the fact, will win.
If you are ready to take the step – contact us. Together we will build your global business.