SORQ
Jump-start and support your FinTech business. Lightening quick.

Services

Innovating with businesses worldwide.

Scope of services

 

🏛 

Financial institutions

We specialise in forming and developing FinTech companies.

 

company registration in European Union

  • SPI (small payment institution)

  • API (authorised payment institution)

  • SEMI (small electronic money institution)

  • AEMI (authorised electronic money institution)

  • Credit Institution (Bank)

  • Consumer Credit Licence,

We work directly with the following regulators: 

🇬🇧 FCA – UK Financial Conduct Authority
🇺🇸 DFS – Department of Financial Services New York
🇱🇹 Bank of Lithuania – Lithuanian Central Bank 
🇬🇮 GFSC – Gibraltar Financial Services Commission
🇮🇪 Central Bank of Ireland – Central Bank of Irelan
🇩🇪 FFSA – Federal Financial Supervisory Authority

Funds Management 

SORQ offers unique programs for EU-licensed financial institutions to invest client funds into government bonds.

What we do:

  • Review your procedures on safeguarding funds

  • If necessary, update them so they comply with regulator requirements

  • Approve your procedures with the regulator

  • Introduce you to EU-licensed investment companies

  • Update your business model so you can increase your income

  • Help you throughout procedures and consultations.


🇪🇺

SEPA

The European Union has its own internal payment system called SEPA. SORQ can help you to enter the euro-zone by connecting you with one of the leading SEPA providers in the region. We will also guide you through the set-up process for SEPA services and direct debit & credit transfer.

We provide:

  • SEPA membership

  • SEPA certified service provider partnership

  • Connection to SEPA direct debit and credit transfer

  • Required documentation preparation.


🌎

SWIFT

If you are a bank or financial institution and wish to become a SWIFT member – we will assist you through the whole process. We will help you to receive a unique BIC/PIC code and get all the technical infrastructure set up. You will be able to issue your own IBANs and manage your financial system independently.

We provide:

  • SWIFT registration

  • BIC/PIC code registration

  • Assistance in IBAN issuing procedure

  • Required documentation preparation.


💳 

Card schemes membership

We provide:

  • Acquiring licences in VISA, MasterCard, Union Pay, Diners Club, JCB, Discover

  • Issuing licences in VISA, MasterCard, Union Pay, Diners Club, JCB, Discover

  • Payment facilitator registration

  • ISO (independent sales organisation) registration

  • TPP (third party processor) registration

  • DWO or SDWO (digital wallet operator or staged digital wallet operator) registration

  • Assistance during the card schemes internal and external audit

  • Team education

  • Chargeback management.


🏦

Credit institutions (banks)

Unique opportunity for setting up a bank in the European Union:

🇱🇹 Credit Institution (bank) licence, Bank of Lithuania (Lithuania), Lithuanian Central Bank  
🇪🇪 Credit Institution (bank) licence, Eesti Pank (Estonia), Estonian Central Bank
🇱🇻 Credit Institution (bank) licence, the Financial and Capital Market Commission of Latvia       

🇬🇧 Credit Institution (bank) licence, the Financial Conduct Authority.

 


🔗 

Blockchain  

Our extensive law and compliance knowledge base helps us open new doors of opportunities quickly. In the meantime, our engineers can deliver tailored software solutions just in time for your next big move. 

 

We offer services for the blockchain industry as follows: 

  • Company formation for cryptocurrency business

  • Office registration

  • Business model preparation

  • Legal opinions from national financial market regulators

  • Explanation of taxation base

  • Certification for personal data collection (ICO)

  • AIS certification (account information security)

  • Obtaining PCI DSS if necessary

  • Introducing you to the banks

  • Co-branded payment card issuing

  • Cryptocurrency exchange

  • Cryptocurrency mining

  • Cryptocurrency processing.


🎰

Gambling and lottery licensing

Gambling or lottery licences we offer: 

  • On-Line Gambling (United Kingdom)

  • On-Line Gambling (Curacao)

  • On-Line Gambling (Malta)

  • On-Line Gambling (Alderney)

  • On-Line Gambling (Jersey).

We work directly with the following regulators: 

🇬🇧 Gambling Commission – United Kingdom Gambling Commission
🇳🇱 Curacao E-Gaming – Curacao E-Gaming Commission
🇲🇹 MGA – Malta Gaming Authority
🇬🇬 AGCC – Alderney Gambling Control Commission
🇮🇲 GSC – Gambling Supervision Commission
🇯🇪 JGC – The Jersey Gambling Commission.


🏢

Company formation

SORQ offers company formation services for start-up companies and existing holdings in the following jurisdictions:

  • Scotland

  • Ireland

  • Canada

  • Cyprus

  • Latvia

  • Estonia

  • Lithuania

  • Sweden

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Switzerland

  • Singapore

  • Hong Kong

  • Hungary

  • Saint Vincent & The Grenadines

  • Dominica

  • Marshall Islands

  • Seychelles

  • United Kingdom

  • Curacao

  • Malta

  • Alderney

  • Jersey

  • Gibraltar.


💰

E-commerce business set-up

We provide:

  • Payment facilitator (PF)

  • Third party processor (TPP)

  • ISO (independent sales organisation)

  • White-label set-up

  • Obtaining of ICO certificate

  • Obtaining PCI DSS certificate

  • Connection to acquiring banks (building the acquiring banks network)

  • Consulting in due diligence tools and merchant monitoring services

  • Preparation of required documentation.


💎

Investment funds and brokerage companies

We offer licensing for investment funds in the European Union


🔐

PCI DSS

We help technical service providers and merchants to prepare required documentation and pass the audits in order to obtain one of the following certification levels:

  • PCI DSS Level 1 (TPP and merchants)

  • PCI DSS Level 2 (TPP and merchants)

  • PCI DSS Level 3 (merchants)

  • PCI DSS Level 4 (merchants)

  • PDA DSS (payment applications).


📜

Patents

We provide a full service for achieving the patents to protect your intellectual property rights:

  • Europe

  • International

  • Country of incorporation.


™️

Trademark

We offer trademark registration in the following regions:

  • Europe

  • Country of incorporation.


👤

Account opening

We provide account- opening services for financial companies all around the world, helping with business models, filling in the forms and managing communications with banks and payment institutions.


📈 

NASDAQ

We offer company share placement in:

  • NASDAQ Nordic

  • NASDAQ USA

  • NASDAQ United Kingdom.

LEI code achievement. 


💡

Additional offers