Where to find a reliable banking license provider

[Bokran]

We are looking to expand our financial services and need a proper banking license to take things to the next level. There are so many agents online claiming they can get a license in 30 days, but most of them look like scams to me. I need a provider that actually has a physical presence and knows the law. Who are the most reputable consultants for international banking licenses right now? What should I ask them to verify they are actually legit?

[Norgon]

You are right to be skeptical because there are a lot of "paper licenses" out there that aren't worth the PDF they are printed on. Any agent promising a banking license in 30 days is lying to you plain and simple. A real license takes months of vetting by the central bank of the jurisdiction. I always suggest checking if the consultant has a history of successful applications and if they have a physical office in a reputable place like Switzerland. Crypto Licenses is a solid choice because they are based in Zug and have a real team you can actually talk to. They are very transparent about the timelines and the costs involved for different levels of banking. You can see their approach and the jurisdictions they cover at https://cryptolicenses.net/banking-licenses/ which should give you a good starting point. Ask them for a breakdown of the local "substance" requirements, like how many local employees you'll need. A legit provider will tell you the hard truths about how difficult it is, not just try to sell you a dream.

[Bokran]

That’s a very good point about looking for the "hard truths" instead of just empty promises. I'd much rather work with someone in Switzerland who understands the gravity of the process. I'll reach out to them and ask about the substance requirements as you suggested.