The Isle of Man is an attractive place to incorporate a Fintech business. Fintech and Virtual Financial Assets (VFA) are not currently regulated in the Isle of Man; however since April 2015 the law was amended to bring certain businesses under the oversight of the Isle of Man Financial Services Authority (“FSA”). The FSA have taken a stance that such businesses should be subject to registration under the Designated Businesses Act 2015.

As a regulated and experienced corporate service provider Affinity Management Services is well equipped to assist both new start-ups and already established Fintech business, ensuring full compliance with Designated Business Act; it is possible to incorporate and register your VFA or crypto-exchange business under the Act within a matter of days.

In addition Affinity can offer a number of additional services.

Our Services:

  • Administration services;
  • Anti Money Laundering (“AML”) & Know Your Client (“KYC”);
  • Bank account opening;
  • Introduction to payment services providers;
  • Corporate structuring for Virtual Financial Assets / Initial Coin Offering (“ICO”) / Crypto-Exchange;
  • Fiduciary services, including provision of Isle of Man resident Directors as required under the Designated Business Act 2015;
  • Maintenance of accounting records and preparation of financial statements;
  • Money Laundering Reporting Officer (“MLRO”);
  • Data Protection Officer (“DPO”);
  • Compliance with applicable regulations;
  • Assistance with loan and equity funding options available via the Isle of Man Enterprise Development Scheme;
  • Access to the Financial Assistance Scheme available on up to 40% capital expenditure (on successful application)
  • VAT registration;
  • Wallet set-up and security;
  • ICO consulting / advisory;
  • White Paper drafting / review;
  • White Paper translation services;
  • Advice in relation to fundraising
  • Assistance marketing support / social media;
  • Assistance with project management;
  • Assisting with the development of Tokens and smart contracts / Tokenomics; and
  • Assistance with security testing / security audit report.
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