Fintech
Gibraltar is one of the world’s leading jurisdictions in welcoming, regulating and fostering fintech businesses. Benefit Business Solutions Ltd specialises in fintech regulatory advisory, assisting Fintech companies in obtaining the regulatory approvals from the initial setup and introductory meeting with the financial regulator, to assistance with ongoing regulatory reporting and compliance.
We also help innovative Fintech companies, with their business development, introducing them to potential clients, investors and business partners both locally and internationally.
We specialise in the following types of Fintech companies:
E-Money businesses
E-Banks
Payment Service Providers
Forex platforms
RegTech & InsureTech companies
Our services include, amongst others:
- Licensing advisory – covering all the business and financial aspects of the license application, from introduction to the financial regulator to preparation and submission of application documents.
- Ongoing Regulatory reporting – assistance with completion of periodic financial supervisory returns, preparation of Internal Capital Adequacy Assessment Process (ICAAP) report, preparation of financial forecast, and more.
- Preparation of Business Continuity & Disaster Recovery reports
- Director services
Smart City Solutions
Given its small size of only 7 square kilometres, Gibraltar makes it easier to administer and run pilot testing of smart city solutions whilst being in close geographical proximity to all test sites. While its resident population is only 33,000, Gibraltar receives over 10 million visitors a year, making it an ideal place to test trial innovative smart-city solutions prior to deployment in the bigger markets.
Whether it is smart Transport solutions, infrastructure management solutions, waste management technologies, homeland security solutions, tourism related solutions and more, we have the experience in helping you to test-trial it in Gibraltar and grow it from here to the bigger countries in Europe and beyond.
Check out our Innovation Pilot Testing services
Green Energy / Cleantech
Gibraltar’s desire to be self-sufficient in its energy production whilst adhering to EU regulations on carbon emissions means it is constantly looking for Green energy sources. Moreover, its geographical position makes it an ideal place for innovative wind, sea, and solar related cleantech solutions. We have already assisted clients in pilot testing wave power and wind power energy solutions and can help assess the suitability of Gibraltar for other innovative sources of energy, and energy saving solutions.
Check out our Innovation Pilot Testing services
Telecommunication
Gibraltar has 2 local telecom providers offering both telephony and ISP services. Moreover, Gibraltar is a hub on the Europe-India Gateway, enjoying direct access to a 3.4 Terabit bandwidth connection thus able to cater for global connectivity requirements between Europe, Asia, Africa and the Middle East. Companies operating in the telecom sector can test-trial various products here, from mobile apps to data storage, telecom hardware and more. Benefit Business Solutions has good relations with local integrators, telecom providers and regulatory authorities to facilitate pilot testing and provide business development services by acting as Local Representatives.
Online Gaming
Gibraltar is the “Las Vegas” of the Online Gambling industry; home to 35 of the biggest operators in the world. We work closely with the Gibraltar Gambling Commission and can assist new applicants with their license application.
Being close to these top operators, acts a magnate to related support services, innovative media companies, CyberSec, AdTech and software development companies who wish to enter this lucrative market.
Being close to these top operators, acts as a magnate to related support service companies such as innovative media, CyberSec, AdTech and software development companies who wish to enter this lucrative market. Looking to penetrate the online gaming market? Learn how you can do it at minimal cost utilising our Local Representatives services.
Software & CyberSecurity
For both startups and mature software development companies, Gibraltar offers a great opportunity particularly in the online gambling, Fintech, tourism and shipping sectors. With the absence of a domestic, home-grown tech companies, local businesses are increasingly looking overseas to find suitable software solutions.
We can help opening the doors for you with potential clients in Gibraltar through our Local Representatives Services and if you wish to pilot test your software solutions here, check out our Innovation Pilot Testing services.