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New beneficial owner policy in British Virgin Islands

**The British Virgin Islands are now discussing implementation of new rules for beneficial owners**. It is a problem of particular interest due to growing number of Asian beneficial owners of BVI companies. **BVI House Asia**, financial services promotion agency, organized a seminar in Hong Kong to discuss and inform Asian entrepreneurs about newest regulations. Above mentioned regulations ar...

Path: Blog
The BVI announced the main condition for the disclosure of beneficial owners information

**London requires the British Virgin Islands (BVI), to create an open database of offshore owners.** Local authorities already have a system for registering company owners, beneficial ownership Secure Search System (BOSS) with a limited access. In fact, full access to this system is granted to only two people, employees of the BVI’s Financial Investigation Agency. BVI authorities use BOSS to...

Path: Blog
Private beneficial ownership register in Barbados

**Barbados does not support opening to the public of its register of beneficial owners of enterprises**, Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, stated at the opening of the **Society of Trust and Estate Practitioners (STEP) Caribbean Conference**. He mainly addressed his speech to his counterparts in the British government. As a...

Path: Blog
Economic Substance Regulations in UAE

...in other penalties such as revocation, suspension or non-renewal of a license. Besides, the UAE authorities may exchange information about non-compliant companies. Such information may be shared with the tax authorities and the states where ultimate beneficial owners or parent companies reside. Ultimately, it is up to the Regulatory Authority to decide on penalties imposed on a company. **Why r...

Path: Blog
Cyprus Securities and Exchange Commission (CySEC) accepts new policy for Crypto-Asset providers

...ce the necessity to comply with the following requirements for company registration and operation:** • Initial capital adequacy and own funds, which range from EUR 50,000 to EUR 150,000; • Competency of directors and shareholders: Ultimate beneficial owners, directors and persons holding managerial positions are required to be of good repute and competency. Additionally, the financial so...

Path: Blog
Tax storm. British Virgin Islands ceased to be a "haven" for shall companies

...anagement, the necessary equipment must be located in BVI. In this regard, the existing legal entities are obliged to fulfill their obligations in terms of economic presence by June 30, 2019, and by June 30, 2020, to report in accordance with the beneficial ownership Secure Search System Act, 2017. Incorporation of new companies in BVI without meeting the above-mentioned criteria starting from ...

Path: Blog
The main benefits of Cyprus formation

... process. **International trusts** One more benefit of forming a company in Cyprus is that **the law of Cyprus permits investors to save their anonymity and keep their property under an international trust**. Therefore, an investor can be the beneficial owner of a Cyprus company, but it is not obliged to be the registered shareholder of the business as well. In this manner, a local individu...

Path: Blog
Two more opponents of the UK policy regarding public registers

Previously in our blog we have discussed that [Barbados does not support opening of its register of beneficial owners](https://www.offshorelicense.com/blog/detail/private-beneficial-ownership-register-barbados) of enterprises to the public, as was stated by the Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, at the STEP Conference. Recen...

Path: Blog
Switzerland is going to amend anti-money laundering law

**Switzerland plans to amend its anti-money laundering law** and, once these changes come into force, the financial intermediary will be required to verify information on beneficial owners. The national authorities of Switzerland have been taking various measures in combating the illegitimate funds, amid intense global pressure from various countries and actively discussed the proposed amendment...

Path: Blog
AfrAsia Bank Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Bulgaria Forex License

...tent Bulgarian director may be found at 1,000 Euro per month.General information Company structure Only one shareholder (can also be a legal person, no nationality restriction) Only one local director. Recommended to apply with at least beneficial owners' details – disclosed to the authorities Shareholders' details – part of public record Directors' details – Part of public ...

Path: Licensing
Labuan Money Broking License

...rmation Company structure Only one shareholder (can also be a legal person, no nationality or residency restrictions) At least two directors (can only be natural person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details – Partly availab...

Path: Licensing
Cyprus Forex License

... to obtain a local license.General information Company structure Only one shareholder (can also be a legal person, no nationality restriction) 2 executive and 2 non-executive directors. There are requirements in terms of their residency beneficial owners' details – disclosed to the authorities Shareholders' details –part of public record Directors' details – Part of public r...

Path: Licensing
Tengri Bank Account Opening

...lly and abroad Issuance of bank guarantees  for contracts and its performance Opening of accounts Financial leasing Exchange transactions Internet banking for physical entities Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: 2 sets of apostilled corporate documents (1 for obtain...

Path: Banks
Tengri Bank Account Opening

...ocally and abroad Issuance of bank guarantees  for contracts and its performance Opening of accounts Financial leasing Exchange transactions Internet banking for legal entities Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: 2 sets of apostilled corporate documents (1 for obtain...

Path: Banks
Bank RBK Account Opening

...rt of our professional fees for assistance of opening a bank account. The bank offers range of services and products Deposits Fund transfer Opening of accounts Internet banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: 2 sets of apostilled corporate documents (1 for obtain...

Path: Banks
CIM Bank Account Opening

...ing on financial investment Asset Management Executing payment orders Multi-currency current accounts and deposit accounts Debit and credit cards services Structuring Lombard Credit Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
LPB Bank Account Opening

... Personalised account service Savings & term deposits International payroll services Card services Online Banking Multicurrency Deposit Accounts Financial Escrow services Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Alfa Bank Account Opening

...products Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Credits Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Boslil Bank Account Opening

... International payroll services  Card services Multicurrency deposit accounts Financial escrow services Mutual fund banking services Banking services for Trusts and Foundations Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Euro Pacific Bank Account Opening

...ces and products Personalised account service Savings & term deposits International payroll services Card services Multicurrency Deposit Accounts Financial Escrow services Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Fidelity Asia Bank Account Opening

...s Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Cook Islands Money Changing-Remittance License

... shareholder (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions) Registered Secretary is required. Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of pub...

Path: Licensing
Pacific Private Bank Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B...

Path: Banks
Account Opening in National Bank of Vanuatu

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
HSBC Hong Kong Bank Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B...

Path: Banks
Public Bank Berhad Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Curacao Gambling License

...ng to the OECD permanent establishment is established provided that the server is located in Curaçao. Local Data Center can assist in the purchase of a server. The most important requirements which need to be complied with are: Ultimate beneficial ownership of the legal entity should be disclosed (upon request) to the tax authorities; Only legal entities with a capital divided into ...

Path: Licensing
Alderney Gambling License

...n Company structure At one shareholders (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of pub...

Path: Licensing
Vanuatu Dealer's in Securities License

... natural person/-s Shall normally reside for 6 months within each year in Vanuatu Must have at least 5 years’ experience dealing in securities and is competent to meet the obligation of a licensee as required by VFSC Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of pub...

Path: Licensing
Labuan Token License

...her requests In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.  For that reason, please provide us with the following documents. For bank: (Each beneficial owner, shareholder, director, authorised signatory must provide) A notarized copy of valid passport A copy of proof of residential ...

Path: Licensing
Bermuda Digital Asset license

...t audited financial statements; Copies of any regulatory filings; and Background information. - Individual shareholders/owners, including: Personal declaration forms; Bank references of ultimate beneficial owners; and Net worth statements (for individual owners). A copy of the applicant's proposed cybersecurity program, i...

Path: Licensing
Switzerland Crypto License

...al information Company structure At least one shareholder (no nationality restriction or residency restrictions) At least one director (cannot be legal persons and need not to be shareholders of the corporation) Confidentiality beneficial owners' details – Not part of public record  Shareholders' details – Details of shareholders are not available to the public D...

Path: Licensing
Cayman Islands Securities Investment Fund License

...but preferred for CIMA In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.  For that reason, please provide us with the following documents. For each beneficial owner, shareholder, director, authorized signatory: Certified list of names, addresses and nationalities of company’s directors and...

Path: Licensing
Labuan Investment Banking License

...e prudential and reporting requirements issued by Labuan FSA Adhere to any other requirements issued by Labuan FSA from time to time Meet certain pre-determined criteria, should it prefer to co-locate to any other parts of Malaysia For each beneficial owner, shareholder, director, authorised signatory and officer: A notarized copy of valid passport Detailed CV dated and signed N...

Path: Licensing
New Zealand Asset Management License

...Application is being processed and conditional approval is granted by the FMA Provision of proof of local presence In order to obtain New Zealand Financial Service Provider’s License, please provide the following documents: For each beneficial owner, shareholder, director, authorized signatory and secretary: Notarized passport copy Notarized proof of residential address (u...

Path: Licensing
Vanuatu International Bank License

...issue of license In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.  For that reason, please provide us with the following documents.  For each beneficial owner, shareholder, director, authorised signatory and secretary: A notarized copy of valid passport CV dated and signed 2nd ID f...

Path: Licensing
Cayman Islands Securities Investment Business License

...of local presence In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.  For that reason, please provide us with the following documents. For each beneficial owner, shareholder, director, authorised signatory: A notarized copy of valid passport A copy of proof of residential address (ex. ...

Path: Licensing
Estonian Cryptocurrency Exchange License

...d terrorist financing information on the person who is in charge of the imposition of the international financial sanction and who has been appointed by the undertaking in accordance with Estonian legislation certificate of criminal records of a beneficial owner General information Company structure At least one shareholder (natural person or legal entity, no restrictions with regard...

Path: Licensing
Gibraltar Distributed Ledger Technology Provider’s License

...least 2 directors (at least 1 director with full voting rights has to be local) A minimum of 1 additional Key-role employee in Gibraltar. This individual can live in Spain providing that it is between Marbella and Tarifa Confidentiality beneficial owners' details – Not part of public record (a new regulation requiring to disclose BO's is expected) Shareholders' details – Part of...

Path: Licensing
New Zealand Forex License

...roof of local presence In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.  For that reason, please provide us with the following documents. For each beneficial owner, shareholder, director, authorized signatory and secretary: A notarized copy of valid passport Notarized proof...

Path: Licensing
Singapore Crypto License

... least one shareholder (can also be a legal person, no nationality restriction or residency restrictions) At least one director (only natural person, at least one must be Singapore resident/holder of Singapore work pass) Confidentiality beneficial owners' details – Not part of public record (a new regulation requiring to disclose BO's is expected) Shareholders' details – Part of...

Path: Licensing
ICO company in Estonia

...estrictions with regards to citizenship or residence) At least 1 Director (foreign residents are allowed) Confidentiality Director’s details – part of the public record Shareholder’s details –  part of the public record beneficial owner’s details – disclosed to the Authorities Registered Agent - Local Representative is required if there are no EU residen...

Path: Licensing
Hong Kong Type 9 (Asset Management) License

... to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.  For that reason, please provide us with the following documents. For local regulatory authority: (Each beneficial owner, shareholder, director, Responsible Officer and secretary must provide) CV A notarized copy of valid passport Notarized 2nd...

Path: Licensing
Labuan Fund Management License

...One of such requirements is to appoint a Compliance officer or provide these services or from the head quarter with a service level agreement that need to be approved by the Authority Supervision department. Benefits Low level of taxation beneficial owner’s details are not part of public record Shareholder’s details are not part of public record Director’s details are not part...

Path: Licensing
British Virgin Islands Forex License

...y.General information Company structure Only one shareholder (can also be a legal person, no nationality restriction) At least two directors (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of pub...

Path: Licensing
Belize Money Transmission License

...on, no nationality or residency restrictions) At least one director (can also be a legal person, no nationality or residency restrictions) N.B. It is highly preferable to have one director who is a resident of Belize. Confidentiality beneficial owners' details – Disclosed only with court decision Shareholders' details – Not part of public record Directors' details – Not p...

Path: Licensing
CIMB Bank Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Belize Forex License

...ed from 100,000.00 USD to 500,000.00 USD in 2018 .General information Company structure One shareholder (can also be a legal person, no nationality restriction) One resident director (can also be a legal person) Confidentiality beneficial owners' details – Disclosed with court decision Shareholders' details – Not part of public record Directors' details – Not part o...

Path: Licensing
Maybank Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Credit Suisse Bank Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Account Opening in Bank Alpinum

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Seychelles International Business Company (IBC) Formation

... Company structure Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of pub...

Path: Companies
United Kingdom Limited Company Formation

... Act every company must have at least one Director physical person of any nationality N.B. It is now possible to set up a company with only one member and for that member to have only one share, but this is exceptional. Confidentiality beneficial owners' details – disclosed to the authorities Shareholders' details – are part of the public record, if you wish to avoid it then pl...

Path: Companies
Gibraltar Limited Liability Company Formation

... Company structure Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – are part of the public record, if you wish to avoid it then pleas...

Path: Companies
Scotland Limited Partnership Formation

...eneral information Company structure Only one general partner (can also be a legal person, no nationality restriction) Only one limited partner (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – disclosed to the Registered Agent of the company and is held by the agent on a confidential basis. Taxation LP co...

Path: Companies
Quebec Company Formation

... Company structure Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can only be a natural person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – are part of the public record, if you wish to avoid it then pleas...

Path: Companies
USA Delaware Limited Liability Company Formation

...LLC statute. For example, unlike a corporation, an LLC can distribute profits in any manner described in the LLC agreement, regardless of ownership share. The structure of the LLC does not provide for a Board of Directors. Confidentiality beneficial owners' details – Disclosed to the authorities Shareholders' details – Not part of public record Directors' details - Not part of p...

Path: Companies
Labuan International Business Company Formation

...ermit foreign-owned offshore companies to invest in Malaysia subject to certain conditions.General information Company structure A minimum of one shareholder is required which may be an individual or a corporate body. The details of company beneficial owners and shareholders are not part of the public records Only one director (can also be a legal person, no nationality or residency res...

Path: Companies
Singapore Private Company Formation

...must be a resident of Singapore. Corporate directors are not allowed. Minimum number of directors – one. Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions)  Confidentiality beneficial owners' details – Not part of public record Shareholders' details – are part of the public record, if you wish to avoid it then pleas...

Path: Companies
St.Lucia International Business Company Formation

... Company structure Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of pub...

Path: Companies
Netherlands Limited Liability Company (LLC) Formation

...der (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions). Physical person as a director recommendable Confidentiality beneficial owners' details – are part of the public record, if you wish to avoid it then please request a nominee service Shareholders' details ...

Path: Companies
British Virgin Islands International Business Company Formation

...iation.General information Company structure Only one shareholder (can also be a legal person, no nationality restriction) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of pub...

Path: Companies
Belize International Business Company Formation

...uickly.General information Company structure Only one shareholder (can also be a legal person, no nationality restriction) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details – Not part of pu...

Path: Companies
Antigua and Barbuda International Business Company Formation

...ntigua.General information Company structure Only one shareholder (can also be a legal person, no nationality restriction) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details – part of public...

Path: Companies
St. Vincent and the Grenadines LLC Company Formation

... information Company structure Only one shareholder (can also be a legal person, no nationality or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details – Not part of pu...

Path: Companies
Marshall Islands International Business Company Formation

...n) Only one director (can also be a legal person, no nationality or residency restrictions) A Secretary (can also be a legal person, no nationality or residency restrictions) N.B. A Secretary can be same as director Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details – Not part of pu...

Path: Companies
Vanuatu International Business Company Formation

... Company structure Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of pub...

Path: Companies
Czech Republic Limited Liability Company Formation (s.r.o)

...on Company structure Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions) Only one executive director (natural person, no nationality or residency restrictions) Confidentiality beneficial owners' details – disclosed to the authorities Shareholders' details – part of the public record Directors' details – part of the...

Path: Companies
Hong Kong Limited Company Formation

...the territory.General information Company structure Only one shareholder (can also be a legal person, no nationality restriction) Only one director (only natural person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – are part of the public record, if you wish to avoid it then pleas...

Path: Companies
United Kingdom Limited Liability Partnership Formation

...s, in much the same way as shareholders in a limited company are able to.General information Company structure Two or more designated members (can also be a legal persons, no nationality or residency restrictions) Confidentiality beneficial owners' details – disclosed to the Registered Agent of the company and is held by the agent on a confidential basis. Information on mem...

Path: Companies
Switzerland Limited Liability Company Formation

...Minimum number of directors – one. Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions) Take note that one resident of Switzerland is required to be the director Confidentiality beneficial owners' details – Not part of public record Shareholders' details – are part of the public record, if you wish to avoid it then pleas...

Path: Companies
Account Opening in Bank of Cyprus

...s Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide Notarized copy of valid passport. (Please see N.B. belo...

Path: Banks
Limited Liability Company in Latvia

...a Company registration in the Register  of Enterprises of Latvia and receiving documents Please provide us with the following documents and data:  Incorporation A notarized copy of valid passport (of each Shareholder, Director, beneficial owner, Authorized Signatory) A copy of proof of residential address (ex. utility bill of each  Shareholder, Director, Beneficial Own...

Path: Companies
Raiffeisenbank Bank Account Opening

...s Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Bank Account Opening in ING Bank

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Barclays Bank Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B...

Path: Banks
Comert Bank Account Opening

...CTS Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking PLEASE PROVIDE US WITH THE FOLLOWING DOCUMENTS Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B...

Path: Banks
Account Opening in Bank of Georgia

... Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Alpha Bank Account Opening

...cts Personalised account service Savings & term deposits International wire transfers Treasury& Foreign Exchange services Card services Trading services Online Banking Please provide us with the following documents Each beneficial owner, shareholder, director, authorised signatory and secretary must provide: Notarized copy of valid passport. (Please see N.B. bel...

Path: Banks
Uruguay Limited Liability Company Formation

...rprises Publishing a notice in the Official Gazette announcing the formation of a new company Please provide us with the following documents and data:  Incorporation A notarized copy of valid passport (of each Shareholder, Director, beneficial owner, Authorized Signatory) Name of company Data on the establisher of the company (in the case of the establisher being the legal per...

Path: Companies
Limited Liability Company in Lithuania

...ith the Trade Register Tax and VAT registration Employment and social security registration Please provide us with the following documents and data:  Incorporation A notarized copy of valid passport (of each Shareholder, Director, beneficial owner, Authorized Signatory) A copy of proof of residential address (ex. utility bill of each  Shareholder, Director, Beneficial Own...

Path: Companies
Panama Offshore IBC Formation

...ges of Panama Offshore IBC: - Exemption from all local taxes, when income received outside of Panama - Inexpensive annual support  - No requirements requirements of a minimum paid up capital - Information about shareholders and beneficial owners is not filed with the Public Registry Office and not available to the public - Any individual and legal entity may become a shareh...

Path: Companies
Isle of Man Limited Liability Company Formation

... Company structure Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions) Confidentiality beneficial owners' details – Not part of public record Shareholders' details – are part of the public record, if you wish to avoid it then pleas...

Path: Companies
USA Nevada Limited Liability Company Formation

...yment of state fees for company formation Company registration in the Register of Enterprises Please provide us with the following documents and data:  Incorporation A notarized copy of valid passport (of each Shareholder, Director, beneficial owner, Authorized Signatory) A copy of proof of residential address (ex. utility bill of each Shareholder, Director, beneficial owner, Au...

Path: Companies
Limited Liability GmbH in Germany

...es and passports copies) Data on the establisher of the company (in the case of the establisher being the legal person (company) - extract from Center of Registers on the company A notarized copy of valid passport (of each Shareholder, Director, beneficial owner, Authorized Signatory) A copy of proof of residential address (ex. utility bill of each  Shareholder, Director, Beneficial Own...

Path: Companies
Malta Private Limited Company Formation

...s may vary depending on the due diligence of the client, and business information provided.Please provide us with the following documents and data:   Incorporation A notarized copy of valid passport (of each Shareholder, Director, beneficial owner, Authorized Signatory) A copy of proof of residential address (ex. utility bill of each Shareholder, Director, beneficial owner, Au...

Path: Companies
Andorra Limited Liability Company (SL) Formation

...nsing of patents and software licenses. These 2% reduced corporate tax models are subject to some minimum requirements Standard VAT rate is 4.5%  Social security contributions for companies are around 15% Confidentiality beneficial owners' details – Disclosed to the Authorities Shareholders' details – Not part of public record Directors' details –Not part of ...

Path: Companies
Saint Kitts and Nevis Limited Liability Company (LLC) Formation

...ly educated and skilled workforce - Economic, political, financial stability - For qualified investment projects, there are tax incentives known as – tax holidays - English is an official language - Legislation provides confidentiality for beneficial owners, shareholders and directors - Incentives for foreign and domestic private investment - Permits person to become a citizen if con...

Path: Companies
Ireland Private Limited Company Formation

... at least 1 Director and 1 Secretary (foreign residents are allowed), for other forms: at least 2 Directors Confidentiality Director’s details – part of the public record Shareholder’s details –  part of the public record beneficial owner’s details – disclosed to the Authorities Taxation 12.5% corporate tax rate on trading income is one of the lowest “o...

Path: Companies
Estonia Private Limited Liability Company (Osaühing or OÜ) Formation

...trictions with regards to citizenship or residence) At least 1 Director (foreign residents are allowed) Confidentiality Director’s details – part of the public record; Shareholder’s details –  part of the public record; beneficial owner’s details – disclosed to the Authorities.  Taxation Estonian companies and branches of foreign entities are subje...

Path: Companies
Cyprus Limited Liability Company Formation

...also be a legal person, no nationality or residency restrictions) Only one director (can also be a legal person, no nationality or residency restrictions but advisable to have locally based for purposes of tax residency) Confidentiality beneficial owners' details – are part of the public record, if you wish to avoid it then please request a nominee service Shareholders' details ...

Path: Companies
Crypto Exchange and Wallet License in Lithuania

...ncorporate (register) separate Lithuanian entity (company) and prepare the necessary policies necessary for the provision of virtual currency related activities, implement AML/KYC control measures. Members of the Management Board as well as Ultimate beneficial owners (UBO’s) of the company need to meet the requirements of impeccable reputation – they cannot be sentenced for infringements relat...

Path: Licensing