Choosing the right Licensing Advisor seems like a fairly easy task, and it is perhaps the most critical step on obtaining a bit license.

After a while of calls and google searches you will come perhaps to the conclusion that you need a Lawyer, but often current legal specialists firms will not be familiar with Bitlicensing or they will simply lack the knowledge and experience you will need to be able to be licensed, you need to understand that finding the right licensing specialist is key.

The Lawyer Option

Well… think about it, Lawyers practice is based on what client requires at any given time, most lawyers doing practice do not specialize in any specific task but in whatever comes to their table that falls within their practice specialty, believe me licensing will surely not come often into that table it’s a very specialized business and only a handful of people know what they are doing.

Your lawyer will help you review contracts, help you make paperwork for the company, review internal policies and other compliance requirements but you must ask yourself how much real licensing experience do they have. When you are oriented on doing everything, you are often not specialized on anything specific, and that’s a problem, so our advice is to find someone that has experience and knows its business very well.

How to find a specialist that has tons of experience and has done this before?

We had the same question and found after working with several options (including a variety of lawyers both domestic and international) that the best choice was always someone specialized on that branch or in other words someone specifically specialized with licensing. And that BTW had.. you guessed it.. Tons of experience.

Our options were legal groups that were specialized on only one task, licensing, and by doing so we ended up delivering on time within budget.

By choosing right you will be saving allot of time and money, is our experience that unspecialized lawyers have the tendency to quote you an initial price and things will often “arise” that need to be addressed, this will increase the initial expectation on expenses for that license way off on what you were budgeting. Not to mention time expectations will never be meet.

And things get much worse in Offshore Jurisdictions where lawyers exploit the fact that you and your domestic legal team perhaps will not be very well versed in local law.

To make things worse usually lawyers have not actually gone throughout the process before, and if they had they probably done so in another jurisdictions which to be honest is like doing a completely different thing, they would need to study the local applicable law and guess who will pay for that tuition…

In our experience this doesn’t happen with licensing specialists, they know exactly what they’re doing they know how much it will cost from the day one and will give you a realistic expectation on times so no surprises will arise.

Ok so I want to hire a licensing specialist but who should I hire?

Well after doing several financial licenses for our clients and dealing with all possible nightmares you can remotely thing of (Regulatory Changes, Political Changes and even Hurricanes), countless sessions of internet digging we found two major players on the Financial Licensing industry that will license your business, that surely know what they are doing.

Financial Licensing Advisors
(Luxembourg, EU)
These guys have been doing Financial Licensing for years and do only that. They specialize in Licensing Banks and Crypto Businesses so you can grow if you need, most importantly they usually have Licensed Companies ready to Rock and Roll (Completely Turn Key) so you can buy and start working the very next day, in our experience it’s the best option for licensing services currently on the market.
http://www.bankinglicensing.com/

B2Broker
(Moscow, Russia)
Very good option also, great service, it’s managed by a group of highly experienced IT individuals in the Cryptocurrency, Blockchain and Forex markets and create simple, ready, quick and qualitative solutions for Crypto, they are able to deliver support in various languages such as Chinese, Russian and Malayan.
https://b2broker.net/

These are the best two of the pack based on countless experiences but you are free to choose, just make sure you are choosing wisely based on what we are advising and don’t fall for the inexperience lawyer trap.

A word of Caution:

Even with these hand-picked recommendations we ask you to do your homework carefully, invest a descent amount of time by searching options, read, read read and then read more. If you can study the local regulatory framework where you want to deploy your HQ that will help you allot. Decide carefully and you surely will avoid tons of bad experiences and wasted money.