As a general rule, when applying to establish an offshore e-money license ( electronic money institutions), clients are usually ready to start a business with the relevant financial license. The problem arises in the board of directors of that company, where it is necessary to have qualified personnel (an essential prerequisite).
Without qualified personnel it is impossible to obtain an offshore e-money license. In general, in any EU country, the regulator will thoroughly verify the abilities of company directors.
Only people who have a university degree in economics, law or business administration, and / or have worked in the aforementioned sectors, can sit on the administrative council of such a company.