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Labuan Investment banking license
Labuan, a special region of Malaysia which addresses mainly to offshore companies and which provides an attractive taxation system, offers several types of banking licenses available for both local and foreign investors who want to establish a bank in this location.Timeframe: around 6-12 months Minimum paid up capital: MYR 10 million or its equivalent in any other currency ...
Path: LicensingThe Hong Kong Monetary Authority Has Issued New Online banking licenses
The Hong Kong Monetary Authority (HKMA) has recently stated that it is issuing four more virtual banking licenses, bringing the total number of virtual banking license owners to eight. This means that the overall number of banking licenses of various types operating in Hong Kong is equal to 160. **Norman Chan, the HKMA’s chief executive officer stated:** **“**We are pleased to grant f...
Path: BlogSt. Vincent and Grenadines International banking license
...banks is the Financial Services Authority.Timeframe: between 4 and 8 months Minimum paid up capital: - Class A: 1,000,000 USD - Class B: 500,000 USD Overview There are two (2) types of international banking licenses issued by the Authority in Saint Vincent and the Grenadines: Class A - for the purpose of carrying on international banking bus...
Path: LicensingThe great step towards China
...pon your request. What is more, Offshorelicense Ltd supremacy is positioned on **Business License attainment**, for instance, the assistance in obtaining financial licenses such as but not limited to **Dealer in Securities License, Forex License, banking license or Portfolio Management License**. Such solutions can be provided in various jurisdictions based on your requirements and a scheme of ...
Path: BlogHow to Get a Crypto License in 2024
... is similar to an exchange license but specifically targets entities engaged in trading cryptocurrencies on behalf of clients. This type of license ensures compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Crypto banking license A crypto banking license enables a financial institution to offer banking services such as deposits, loans, and payment services in c...
Path: BlogVanuatu International Bank License
...c region with a great variety of tax benefits. International Banking is regulated by the International Banking Act [CAP. 280]. The Reserve Bank of Vanuatu is the authority responsible for receiving and evaluating of applications for International banking license and all supporting documents, as well as assessing whether a person/body corporate is “fit & proper". Key aspects for obtaini...
Path: LicensingSwitzerland Crypto License
...almost all activities in the field of cryptobusiness fall under one of the following licenses (depending on the business model, one activity may fall under several licenses at the same time): Financial intermediary license (the most common); banking license; Investment fund license; Dealer in securities license. As for the ICO itself, FINMA regulates this activity, dividing produc...
Path: Licensing