Before incorporating a company, submitting a licence application or committing significant resources to a regulatory project, determine whether the proposed business model fits the intended regulatory pathway. LEX ARTA provides three distinct written assessment services for different stages of a licensing project: testing one selected jurisdiction, comparing alternative regulatory markets or evaluating applicant readiness against an already selected pathway.
A defined scope and written deliverable for every engagement.
Assessment before company formation, application preparation or significant licensing expenditure.
Clear identification of material concerns, dependencies and recommended next steps.
Formal legal, tax and local-law opinions are scoped separately where required.
Three licensing assessment services
Choose the Assessment That Matches Your Current Stage.
The appropriate service, required information and delivery timeline are confirmed after an initial review of the proposed activities, business model and regulatory objectives.
01 · One selected jurisdiction
Licensing Feasibility Review
from €900 Starting fee
A focused preliminary assessment of whether one defined business model appears compatible with the principal licensing or registration requirements of one selected jurisdiction.
Best suited for a founder or business testing a selected regulatory route before company formation or the start of a licensing process.
What is included
Preliminary information review
Structured consultation of up to 60 minutes
Regulated activity and pathway assessment
Material eligibility concerns and potential blockers
High-level capital, substance, ownership and management considerations
Concise written conclusion and recommended next step
The starting fee applies to one clearly defined business model, one selected jurisdiction and one proposed licensing or registration pathway, based on a limited preliminary information set. More complex activity combinations, group structures, cross-border questions or multiple possible pathways are scoped separately. Does not include a detailed AML/CFT document review, application-document audit, formal local-law opinion or comprehensive applicant-readiness assessment.
Regulatory pathway and permitted activities in each jurisdiction
Capital, substance and local-presence requirements
Ownership, management and key-function expectations
High-level AML/CFT and governance requirements
Availability of banking and payment infrastructure
Indicative costs of establishing the applicant structure, obtaining the authorisation and maintaining regulatory status
Comparative matrix and written recommendation
The starting fee covers a comparison of two jurisdictions. Additional jurisdictions and unusually complex regulatory regimes are scoped separately. Cost indications are not binding quotations from authorities or local providers. Formal legal and tax opinions are not included.
A detailed pre-application diagnostic of the proposed applicant, business model, governance, financial resources, compliance framework, operating arrangements and available evidence against an already selected licensing, registration or affiliation pathway.
Best suited for businesses that have selected a regulatory pathway and want to know whether the applicant is ready before beginning, continuing or restructuring an application.
Regulatory perimeter, proposed activities and target markets
Applicant, ownership, group structure and qualifying-holder readiness
Capital, financial resources, substance and local-presence requirements
Management body, fit-and-proper and key-function readiness
AML/CFT readiness where required by the selected regime
Safeguarding, custody, outsourcing, technology and operational dependencies
Business plan, financial model and application-document inventory
Critical-blocker register, prioritised gap matrix and remediation roadmap
The starting fee covers one applicant, one defined business model and one selected licensing pathway. Additional entities, parallel licence classes, extensive document sets, formal local-law opinions and implementation work are scoped separately.
LEX ARTA does not add VAT. Government and authority fees, local counsel, tax advice, company formation, external audits, local personnel, technology testing and other third-party costs are not included unless expressly stated in the agreed scope.
Decision guide
Which Assessment Do You Need?
01
You have selected a jurisdiction but have not committed to the project.
Choose the Licensing Feasibility Review to test whether one defined business model appears compatible with the principal requirements of that regulatory route.
02
You are still choosing between regulatory markets.
Choose the Jurisdiction Selection Report to compare the agreed jurisdictions before incorporation, local appointments or significant licensing expenditure.
03
You have selected the pathway and need to assess applicant readiness.
Choose the Comprehensive Licensing Readiness Assessment where a structure, operating model, compliance framework or application documentation already exists or is being developed.
Comprehensive review
What a Licensing Readiness Assessment May Cover.
The comprehensive assessment is tailored to the selected licensing pathway. Open the detailed scope if you want to see the areas that may be reviewed.
Explore the full readiness scope
Regulatory Perimeter
Proposed regulated activities and service categories
Applicable licence, registration or affiliation pathway
Territorial scope and target markets
Material restrictions, exemptions and dependencies
Consistency between the business model and intended authorisation
Applicant Structure
Applicant entity, shareholders and beneficial owners
Group structure and control arrangements
Capital and financial-resource requirements
Substance and local-presence requirements
Intra-group and outsourcing dependencies
Governance, Prudential and AML/CFT Readiness
Management-body composition, responsibilities and reporting lines
Fit-and-proper, key-function and local-management readiness
Capital, own-funds, financial projections and prudential assumptions
Compliance, risk, internal-control and board-oversight arrangements
AML/CFT risk assessment, CDD/EDD, sanctions, monitoring and reporting readiness where required
Operations, Technology and Application Evidence
Business plan, programme of operations and customer journey
Customer, transaction, payment and other asset flows
Safeguarding, custody, reconciliation or client-asset arrangements where applicable
Outsourcing, technology, cybersecurity and business-continuity dependencies
Application-document inventory, evidence mapping and material inconsistencies
Written outcome
What You Receive
A concise feasibility conclusion, comparative report or detailed readiness assessment, depending on the selected service
Material regulatory concerns, blockers and dependencies
Identified structural, governance, compliance or documentation gaps
Reasoned recommendations and prioritised next steps
A gap matrix and remediation roadmap for a comprehensive assessment
Identification of matters requiring qualified local professional input
Scope boundaries
What Is Not Included by Default
Implementation of identified remediation measures
Drafting of the complete licensing application package
Application submission or representation before a regulator
Formal jurisdiction-specific legal or tax opinions
Company incorporation or appointment of local personnel
Technology testing, cybersecurity audit or financial audit
Any additional work is included only where expressly set out in a separate agreed scope.
Why LEX ARTA
A Decision-Ready Licensing Assessment — Not a Generic Regulatory Memo.
Each assessment is designed to answer a defined business question: whether a proposed licensing route appears viable, which jurisdiction is more appropriate, or whether an applicant is sufficiently prepared to move into the licensing process.
Evidence-Based Analysis
The assessment is based on the proposed activities, ownership, target markets, transaction and asset flows, operational model and available project documentation.
Clear Written Outcome
Every engagement ends with a defined written deliverable — from a concise feasibility conclusion to a jurisdiction comparison or detailed readiness and remediation report.
Material Issues Prioritised
The focus is on issues that may materially affect licensing feasibility, applicant readiness, regulatory credibility, cost or implementation.
Independent Route Selection
Jurisdictions and licensing pathways are assessed against the client’s actual business model and operational capacity rather than selected because a particular market is easier to promote.
The information request, fee, deliverable and timing are confirmed before substantive work begins.
01
Scope the Question
Confirm the proposed activities, selected or alternative jurisdictions, project stage and the decision the assessment needs to support.
02
Review the Model and Evidence
Review the relevant ownership, flows, operating model, financial assumptions and available documentation within the agreed scope.
03
Regulatory Analysis
Assess the project against the selected regime or compare jurisdictions using consistent regulatory, operational and commercial criteria.
04
Written Findings and Next Steps
Receive the applicable written conclusion, comparison or readiness report with material blockers, priorities and recommended next actions.
Frequently asked
Questions About Licensing Assessments.
Choose the Licensing Feasibility Review if one jurisdiction has already been selected and you need a preliminary viability check. Choose the Jurisdiction Selection Report if you are comparing regulatory markets. Choose the Comprehensive Licensing Readiness Assessment if a pathway has been selected and you need a detailed pre-application review of the applicant, operating model, controls and available evidence.
The Feasibility Review tests whether one defined model appears viable in one selected jurisdiction. The Readiness Assessment is a deeper diagnostic of an already selected pathway and reviews the proposed applicant, governance, financial resources, compliance arrangements, operations, technology dependencies and application evidence.
It is appropriate where the business has not yet selected the regulatory market and needs a structured comparison before incorporation, appointment of local providers or significant licensing expenditure.
Yes. The Feasibility Review includes a concise written conclusion. The Jurisdiction Selection Report includes a comparative matrix and reasoned recommendation. The Comprehensive Licensing Readiness Assessment includes a detailed readiness report, critical-blocker register, prioritised gap matrix and remediation roadmap.
It identifies high-level AML/CFT requirements where they materially affect the viability of the selected route. It does not include a policy-by-policy AML review, operational-control testing or a full AML/CFT framework audit.
Yes, where the selected regime imposes AML/CFT obligations. The assessment reviews the readiness of the risk assessment, governance, customer due diligence, sanctions, transaction monitoring, reporting and related evidence at a pre-application level. It is not a substitute for a full independent AML audit unless separately agreed.
Not by default. The assessments provide regulatory and compliance analysis within the agreed scope. Formal jurisdiction-specific legal or tax opinions may be coordinated separately with appropriately qualified local professionals where required.
The Licensing Feasibility Review starts from €900 for one clearly defined business model, one selected jurisdiction and one proposed licensing or registration pathway based on a limited preliminary information set. More complex activity combinations, group structures, cross-border questions or multiple possible pathways require an adjusted scope. The Jurisdiction Selection Report starts from €2,500 for two jurisdictions. The Comprehensive Licensing Readiness Assessment starts from €4,900 for one applicant and one selected licensing pathway. The final scope, fee, information request and delivery timeline are confirmed before work begins.
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Start with the Right Regulatory Question.
Tell us about your business model, proposed activities, target markets and current project stage. We will confirm whether you need a feasibility review, a jurisdiction comparison or a comprehensive licensing readiness assessment before the engagement begins.
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