The countries SKY7 actively files in — picked for the banking flow, supervisor temperament and transaction profile your model actually needs. Status, lead time, minimum capital and regulator at a glance.
Different shapes for different operators. Use the right answer for the actual transaction model — not the one that's loudest in the market.
Europe
Lithuania is a payments and money-services route built around EMI · PI · Specialised bank and Bank of Lithuania expectations. SKY7 uses the route as a 4–6 mo planning file, starting with source checks, capital, substance, banking and regulator evidence before a client commits.
North America
Canada · FINTRAC is a federal MSB registration route built around MSB, FX, remittance and virtual-currency dealing activities. SKY7 uses the route as a 2 wk ready-made or 6 mo new-registration planning file, starting with FINTRAC registration status, AML programme, reporting, travel-rule and counterparty messaging.
Middle East
Bahrain runs Gulf fintech under a single supervisor — the CBB — with a written rulebook, a published capital schedule and an English filing process. For crypto and payment operators that want central-bank credibility without the DIFC overhead, it is the route worth modelling.
| № | Code | Jurisdiction | Regulator | Scope | Lead | Min capital | Status | View |
|---|---|---|---|---|---|---|---|---|
| Europe 22 | ||||||||
| 01 | LT | Lithuania | Bank of Lithuania | EMI · PI · Specialised bank | 4–6 mo | €350K — €1M | Available now | Lithuania |
| 02 | EE | Estonia | FIU Estonia | VASP | 3–4 mo | €250K | In application | Estonia |
| 03 | MT | Malta | MFSA | EMI · Investment services | 6–9 mo | €350K+ | Coming soon | Malta |
| 04 | CY | Cyprus | CySEC | CIF · MiFID II | 6–10 mo | €125K — €730K | Available now | Cyprus |
| 05 | IT | Italy | Banca d'Italia | PI · IMEL | 10–14 mo | €125K+ | In application | Italy |
| 06 | DE | Germany | BaFin | EMI · PI · Investment | 9–12 mo | €350K — €5M | Available now | Germany |
| 07 | IE | Ireland | Central Bank of Ireland | EMI · PI | 10–14 mo | €350K+ | Coming soon | Ireland |
| 08 | CZ | Czech Republic | ČNB | SPI · PI | 5–8 mo | €20K — €125K | Available now | Czech Republic |
| 09 | BG | Bulgaria | BNB | PI · EMI | 6–9 mo | €125K+ | Available now | Bulgaria |
| 10 | GB | United Kingdom | FCA | EMI · API · Investment | 9–14 mo | £50K — £350K | Available now | United Kingdom |
| 11 | IM | Isle of Man | IOMFSA · GSC | iGaming · Securities | 5–8 mo | £35K+ | Available now | Isle of Man |
| 12 | GI | Gibraltar | GFSC | DLT · Gaming | 6–9 mo | £100K+ | In application | Gibraltar |
| 13 | AT | Austria | FMA | PI · EMI · CASP | 6-10 mo | EUR 125K+ | Available now | Austria |
| 14 | BA | Bosnia & Herzegovina | Entity banking agencies · securities commissions | Payment services · Securities | 4-8 mo | By activity | Available now | Bosnia & Herzegovina |
| 15 | DK | Denmark | Danish FSA | PI · EMI · CASP | 6-10 mo | EUR 125K+ | Available now | Denmark |
| 16 | FI | Finland | FIN-FSA | PI · EMI · CASP | 6-10 mo | EUR 125K+ | Available now | Finland |
| 17 | GE | Georgia | National Bank of Georgia | VASP · PSP | 2-4 mo | By activity | Available now | Georgia |
| 18 | PL | Poland | KNF | Small PI · National PI · VASP | 3-9 mo | Small PI: registration; NPI: EUR 125K+; VASP: by activity | Available now | Poland |
| 19 | ES | Spain | Bank of Spain · CNMV | PI · EMI · CASP | 9-12 mo | PI EUR 125K; EMI EUR 350K+ | Available now | Spain |
| 20 | SE | Sweden | Finansinspektionen | PI · EMI · CASP | 6-10 mo | PI EUR 125K+ · EMI EUR 350K+ | Available now | Sweden |
| 21 | CH | Switzerland | FINMA | FinTech licence · VASP · Securities | 6-12 mo | CHF 300K+ | Available now | Switzerland |
| 22 | TR | Turkey | CBRT · CMB | Payment/e-money · Crypto asset | 6-9 mo | By activity | Available now | Turkey |
| North America 02 | ||||||||
| 23 | CA | Canada · FINTRAC | FINTRAC | MSB · FX · Remittance · Crypto | 2 wk (ready) · 6 mo (new) | No statutory minimum | Available now | Canada · FINTRAC |
| 24 | US | USA (state MTL) | NMLS · State | MTL · Money transmitter | 12–24 mo | $0.5M — $5M | In application | USA (state MTL) |
| Middle East 06 | ||||||||
| 25 | AE | Dubai VARA | VARA | VASP · Exchange · Custody | 5 mo | AED 1.5M+ | Available now | Dubai VARA |
| 26 | AE | UAE · DIFC | DFSA | Cat. 1–4 · Crypto Token | 8–12 mo | $0.5M — $10M | Available now | UAE · DIFC |
| 27 | AE | UAE · ADGM | FSRA | Cat. 1–5 · Virtual asset | 8–12 mo | $0.25M — $10M | In application | UAE · ADGM |
| 28 | AE | UAE · IFZA | IFZA | Free zone · Banking access | 4–6 wk | AED 50K+ | Available now | UAE · IFZA |
| 29 | BH | Bahrain | CBB | CRA · PSPS · Crypto exchange · Custody | 6–9 mo | BHD 250K+ | Available now | Bahrain |
| 30 | KW | Kuwait | CBK · CMA | Payments · Securities | 6-12 mo | By activity | Available now | Kuwait |
| Asia-Pacific 05 | ||||||||
| 31 | SG | Singapore | MAS | MPI · SPI · DPT | 9–12 mo | SGD 100K — 1M | Available now | Singapore |
| 32 | HK | Hong Kong | SFC | Type 1–9 · VATP | 10–14 mo | HKD 5M+ | In application | Hong Kong |
| 33 | AU | Australia | ASIC · AUSTRAC | AFSL · DCE · Payments | 6-12 mo | By activity | Available now | Australia |
| 34 | NZ | New Zealand | FMA · FSPR · DIA | FSP · crypto activity via FSPR/AML · Derivatives issuer | 2-4 mo | By activity | Available now | New Zealand |
| 35 | VU | Vanuatu | VFSC | Financial dealer · VASP | 3-5 mo | By activity | Available now | Vanuatu |
| Latin America & Caribbean 04 | ||||||||
| 36 | CW | Curaçao | CGA | iGaming comparator | Source check first | Operator-set | Coming soon | Curaçao |
| 37 | KY | Cayman Islands | CIMA | VASP · Investment fund | 4–6 mo | KYD 100K+ | Available now | Cayman Islands |
| 38 | BR | Brazil | Banco Central do Brasil · CVM | Payment institution · FX · VASP | 6-12 mo | By activity | Available now | Brazil |
| 39 | PA | Panama | Superintendencies · SMV | Payments · Securities · Corporate | 5-9 mo | By activity | Available now | Panama |
| Africa 04 | ||||||||
| 40 | KM | Anjouan | OGC Anjouan | iGaming · Sports betting | 21 days | No statutory minimum | Available now | Anjouan |
| 41 | MU | Mauritius | FSC Mauritius | VASP · Investment dealer | 4-6 mo | By activity | Available now | Mauritius |
| 42 | SC | Seychelles | FSA Seychelles | Securities dealer · VASP | 4-8 mo | By activity | Available now | Seychelles |
| 43 | ZA | South Africa | FSCA · SARB | CASP · FSP · Payments | 3-6 mo | By category | Available now | South Africa |
| Caribbean 02 | ||||||||
| 44 | VG | British Virgin Islands | BVI FSC | VASP · Investment business | 4-6 mo | By activity | Available now | British Virgin Islands |
| 45 | DM | Dominica | Financial Services Unit | Corporate · MSB · Offshore services | 4-8 mo | By activity | Available now | Dominica |
| Central Asia 01 | ||||||||
| 46 | KZ | Kazakhstan | AFSA · NBK | AIFC fintech · Digital assets | 3-6 mo | By activity | Available now | Kazakhstan |
All figures are working estimates from SKY7 files. Confirm capital and timeline against the latest regulator guidance — we will share the up-to-date worksheet on request.
Skip the brochure tour. Three questions in this order will narrow the list to two or three candidates worth modeling against banking and capital.
Geography of the user base drives passporting, language of disclosures, and which supervisors take an interest. Filing in a region where you don't transact is rarely worth the substance overhead.
Holding e-money? Transmitting? Custodying crypto? Issuing stablecoins? Each lands you in a different licence family — and capital thresholds vary by 10× across them.
The strongest licence is useless without correspondent banking. We test banking appetite during scoping — not after authorisation, when fixes are expensive.
Tell us where your clients are and what the platform does with their money. We respond with two or three jurisdictions, a working timeline, and a fixed price.
