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Labuan International business Company Formation
...avourable tax regime (including absence of indirect taxes) supported by a network of treaties on avoidance of double taxation make Labuan company a popular choice for incorporation of regional headquarters, e-commerce enterprises and Islamic Finance businesses.Incorporation: 7 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement ...
Path: CompaniesSeychelles International business Company (IBC) Formation
International business Company in Seychelles is an ideal solution for confidential and fully tax-exempted international business: no requirements to file annual returns, no taxes or stamp duties, no US or IRS interference, no public records. The Seychelles IBC is commonly used for international trading operations, investments and holding purposes, leasing of vehicles or aircraft, marketing and fi...
Path: CompaniesBelize International business Company Formation
Belize International business Company offers an incorporation option in a lucrative tax environment with minimal administrative burdens.Incorporation: 48 working hours + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Belize is an independent country, beautiful by nature, located on the Caribbean coast of Cen...
Path: CompaniesMauritius Global business License (GBL), PIS
For the eighth consecutive year, the World Bank's 2016 Ease of Doing business report ranks Mauritius 1st among African economies and 32nd worldwide out of 189 economies in terms of ease of doing business, making Mauritius the leader in economic freedom for the region of Sub-Saharan Africa.Timeframe: 4-6 months from the date application is lodged with the Financial Service Commission of Mauri...
Path: LicensingSt.Lucia International business Company Formation
Establishing of St.Lucia IBC for conducting your international business with anonymity, flexible company structure, privacy protection, no audit or reporting.Incorporation: within 2 weeks + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Saint Lucia is an island jurisdiction in the Caribbean region off the South Ameri...
Path: CompaniesKnow-hows on Different Legislations and Blockchain Implementation Profitability in Your business
*Crypto technology boom is on its peak now and there are still numerous discussions whether it is profitable to use Blockchain in your business, or not. Financial companies, retail and even government authorities are using new instruments in their work.* At the same time, there are different approaches to regulations of **Blockchain companies** in the world. Some countries accept new ways and ...
Path: BlogDid Cayman become a top choice for blockchain business?
Last couple of years confirmed that the **Cayman Islands is one of the top jurisdictions for innovative fintech business**. Why is that so? In February 2018, Cayman Premier, Alden McLaughlin, confirmed that statistically, Cayman is now in top-three countries for blockchain entrepreneurs. Since 2012, the special tax-free economic zone, Cayman Enterprise City, functions in Cayman by attracting sta...
Path: BlogIs your business being sued? Here's what you can do
Any business is vulnerable to getting sued at any time – whether it is a small business, a startup, or a huge enterprise – which is why it is imperative that a business has sound legal defense. Litigation can cost a business money, time, and its good reputation. In the event that your business goes through a legal battle, what are the key actions that you may want to take? Let’s start...
Path: BlogTen cybersecurity practices for businesses
News on data breaches, cybercrime, and invasion of privacy have saturated the headlines in the recent years; and this inevitably creates concern for companies, small businesses and large enterprises alike. Hackers continue to enhance their tools and scout for new cyberdefenses to penetrate, and any business remains vulnerable to a cyber attack. The question is: what can you do to protect your ...
Path: BlogCORPORATE FINANCE AND business ADVISORY
...f information they will require and to assist you with presenting your case during the negotiation process. Our services include: Management consultancy. Advice on mergers, acquisitions and management buyouts. Equity and Debt raising. business and project valuation services. Due diligence reports. Advice on capital restructuring and fund raising. Advice with respect to change ...
Path: AdditionalStarting an international business. To offshore or not to offshore?
*When you decide for your business to become international, what to do and how to deal with legal matters? First of all, we should talk about why businesses are massively using international jurisdictions for functioning.* When you form or relocate your business to another country you can achieve a couple of very crucial goals. Sometimes legal or taxation climate in your country is not opportun...
Path: BlogNovelties for the Blockchain business and ICOs in Gibraltar
The New Year has already brought the new regulations and rules in the international business world. We decided to start from the new rules in **Gibraltar**. The main financial regulator of this country, Gibraltar Financial Services Commission, announced new obligation for the companies using distributed ledger technology for storing or transferring values that belong to others. Currently, **...
Path: BlogOutsourcing accountants and bookkeepers for offshore business
Entrepreneurs are constantly busy finding new cost-effective ways of doing business. Accounting and bookkeeping are challenging for international business therefore more and more companies are choosing offshore outsourcing for these operations. Deloitte prognosed rapid growth of finance and accounting services outsourcing through next couple of years. That these actions are not core specializ...
Path: BlogChoosing business Structure for a Singapore Company
Singapore is an offshore jurisdiction that attracts entrepreneurs since the 2000’s. At present, there is a wide choice of corporate structures if you want to form a business in Singapore. Understanding which one is the best for you can mean a lot. We listed the most popular and suitable for business legal forms below to make the choice easier. **Limited liability company** A Limited liabi...
Path: BlogSetting up an Online Gaming business
It is hard to deny growth of the online gaming business industry. World’s largest gaming industry territories are North America and Asia-Pacific. Are you ready to be involved in more than 2 trillion U.S. Dollars industry, and start your own online gaming business? Below you will find a short checklist what you need to know as an entrepreneur when entering the online Gaming industry: **1...
Path: BlogWhy Moving Your business Offshore Sounds Reasonable
... you have heard about such offshore destinations like Panama, the British Virgin Islands, Belize or Anguilla. These countries are now gaining popularity and are known for relocation of existing companies to overseas jurisdictions. At the same time, businessmen often decide to start new companies in the offshore jurisdictions to work within the new markets, manage taxes and increase profits. Do no...
Path: BlogFinancial business Innovations in The Cayman Islands
*October 2017 has been an innovative month for the Cayman Islands. Therefore, we are ready to reveal the governmental initiatives that will transform doing financial business in this country.* First of all, we should mention the new AML/CTF country whitelist. What is the main point of this **legal change**? business registered in the **Cayman Islands** will now be spared of the long and comp...
Path: BlogMauritius Global business Category 1 (GBC1)
**Mauritius is one of the main International Financial Services Centre** which grants two most common forms of business to international clients, specifically the Category One Global business companies and the Category Two Global business companies. The choice among the above-mentioned companies will depend on a number of reasons, some of which being the planned activities and the location of op...
Path: BlogHow to choose a suitable company structure for your business?
*Important thing while starting a business, is to choose the right legal structure of the company. It affects many legal aspects of company`s procedures.* For example, who runs the company, how taxes are paid, which documents need to be prepared and many other. Entrepreneur needs to know the most common types of company structure and select the best one to run their business effectively. Here...
Path: BlogHow to set up a business on Bahamas?
*When you have already thought about moving your business and choosing jurisdiction you might have come to decision about the Bahamas. This country, officially known as the Commonwealth of the Bahamas, and has all the advantages of an offshore jurisdiction.* For example, tax climate for IBCs is close to perfect. International business is exempt of local taxes, including sales, dividends, corpora...
Path: BlogSFC Forewarns Retail FX Brokers To Stay Away From Doing business In China
Hong Kong brokers may target Mainland customers unlawfully. The Securities and Futures Commission (SFC) has recently published a statement warning brokers in relation to conducting business in mainland China. The SFC pointed out that the Chinese State Administration of Foreign Exchange (SAFE) not long ago has prohibited a Mainland's China entities to get traders to deposit funds with brokers ...
Path: Blogbusiness advantages of Belize offshore jurisdiction
...t is an offshore company? We have already analyzed reasons to go offshore in 2017, and now the time has come to analyze Belize company formation process.* **This Central America country is considered as one of the most favorable for international business.** Most common company structure in this jurisdiction is an IBC (international business company). It is regulated by 1990 and 2000 governm...
Path: BlogPakistan is planning to regulate crypto business
**The government of Pakistan has recently created regulations for crypto business.** The federal government has settled on the new Electronic Money Institutions (EMIs) regulations to follow recommendations of the Financial Action Task Force, in an attempt to regulate previously uncontrolled sector and to combat illicit uses of modern technologies. The State Bank of Pakistan in its statement po...
Path: BlogStarting your own business in Saint Vincent and the Grenadines
Offshore jurisdiction of St. Vincent and the Grenadines (SVG) is a stable choice for different types of business. This state is a part of an archipelago near North America shores. Earlier, SVG used to be British colony but now it is an independent state. English is one of the main languages in this country and it is a great pro for business. Also, financial state of St. Vincent is pretty constan...
Path: BlogThe government of Delaware has recently adopted enhanced business screening procedure
...ary of State has recently announced new rules that take effect on January 1 and will require that **new companies incorporated in Delaware should undergo a screening process and examined in relation to the list of persons that were banned from doing business in the USA**. The new KYC ("Know your customer") procedures were developed to ensure that a person applying registration with Delaware’s...
Path: BlogWhy is Limited Liability Partnership a popular business structure?
It is obvious that this business structure gives certain advantages to business founders and allows them to set up most effective businesses. But why is Limited Liability Partnership (or LLP) so popular among non-resident entrepreneurs in the UK? Let us analyze most crucial advantages of choosing this business structure for the UK company formation. First of all, you will require more than...
Path: BlogStarting offshore business in Vanuatu
...a. Why is this country considered as one of the friendliest locations for starting up the company? We will answer most popular questions about Vanuatu offshore company formation and give you a professional advice.* **What are the benefits of doing business in Vanuatu?** Banking system is one of the most important arguments in favor of doing business in Vanuatu There are two local owned and...
Path: BlogPromoting business: an important step to success.
*When you are in need of growing and developing your business promotion questions undoubtedly arise. Staying on one place is not a proactive way of work so this question needs to have an answer.* Promotion strategy is a plan that is developed for your company and consists of all events and actions that are needed for telling the world who you are. Loyal customers are the ones who are always not...
Path: BlogHow to Relocate Your business Overseas: Expert Recommendations
Relocating your existing business overseas is a mutually beneficial idea for both, your newly created offshore company as well as for the jurisdiction itself. When there is a practical need of internationalizing your company, it is very reasonable to consider an expert advice on how to relocate your business overseas. **Benefits of relocating your business overseas** It is obvious - busine...
Path: BlogWhy should you invest in offshore business?
...Offshore investing nowadays is a common solution for companies who want to function effectively. There are billions of stereotypes that mostly explain offshore as the universal evil. It is a narrow point of view because a properly organized offshore business is absolutely legal. It is important to understand all pros and cons of investing offshore to form your company in the right way.* Main poin...
Path: BlogSecrets of starting a business in the UAE
*The United Arab Emirates have developed a reputation of a jurisdiction, which is great for business through last years. Despite the fact that oil and gas are dominating business activities in the UAE, nowadays almost every type of activity can successfully operate inside the country. Tourism, healthcare, information technology, aviation, transport are also very successful fields of business. Th...
Path: BlogBlack pearl of Caribbean. International business company at Saint Vincent and the Grenadines.
...adines, one of the most underrated offshore jurisdictions. Saint Vincent and the Grenadines is a sovereign and politically consistent territory, being referred to as a solid offshore jurisdiction with a strong confidentiality law. **International business companies in Saint Vincent and The Grenadines take advantages of an exemption from all taxes on income and assets for 25 years as of the mome...
Path: BlogMove business wisely. What to consider when choosing offshore jurisdiction?
*It is not a secret that starting an offshore business or moving existing company offshore is a complex set of actions. An important part of selecting a jurisdiction is political and economic state of the country. It is not the crucial but overall state of the jurisdiction shows its perspectives. Unrest situation in the country, crises and rallies – these situations can scare investors away and...
Path: BlogWhat needs to be included in your offshore business plan
*There is a strong motivation for business to keep money offshore. Proper planning and analyzing will help company to store their assets in a safe and reliable jurisdictions. Many companies from the Forbes TOP-100 list are using offshore plans to maximize their profit and legally keep their money.* However, it is not right to look only to big enterprises because the law is the same for smaller c...
Path: Blog6 ways to save your assets in case of business problems
*business always associates with personal risk for entrepreneur. When you start doing something yourself, you need to keep in mind that responsibility will always follow. * We have already point out several types of company structures before. And now we would like to highlight 6 possible ways to save your assets in case of business problems. 1. Payroll taxes should be paid on time. It is ...
Path: Blogbusinesses will be required to meet criteria of physical presence in Belize
**The House of Representatives of Belize has recently passed three bills to organize offshore regulations in order to be compliant with European Standards.** The bills scheduled at the session included amendments to the International business Companies Amendment Act, the Income and business tax Amendment Act, and the Stamp Duties Amendment Act. During the last few years Belize had tense relati...
Path: BlogCayman Islands Securities Investment business License
...s having very positive reputation among investors.Timeframe: around 6 months Minimum paid up capital: KYD 100,000 (>USD 121,000) Overview The company incorporated in Cayman Islands that wishes to conduct brokerage business is required to hold a license granted by Cayman Islands Monetary Authority (CIMA). Investment activities are regulated by the Securities Inve...
Path: LicensingMarshall Islands International business Company Formation
...aid up capital: No minimum capital requirement Overview The Republic of Marshall Islands (RMI) is an island country located approximately midway between Hawaii and Australia in North Pacific Ocean. The state has modern and stable business environment with flexible jurisdiction and is politically stable. The currency is US dollar and preferred language of corporate documents and...
Path: CompaniesBritish Virgin Islands International business Company Formation
...t. Thomas, U.S. Virgin Islands and constitute one of the world’s most reputable international financial centres wh ere approximately 41% of the world's offshore companies have been formed in the BVI. On January 1, 2005, a new version of the BVI business Companies Act was adopted, implementing further improvements in the BVI offshore corporate legislation which is already considered to be favo...
Path: CompaniesAntigua and Barbuda International business Company Formation
...rbuda’s judicial system is based on the English Legal System. The governmental system is a unitary parliamentary representative democratic monarchy. The country also has had a Free Trade and Processing Zone established in 1994 for International business Corporations and for attractions of investors who can enjoy a full tax holiday to Antigua.General information Company structure Only...
Path: CompaniesVanuatu International business Company Formation
... Vanuatu, officially the Republic of Vanuatu, is an archipelago in the South Pacific Ocean, east of Australia west of Fiji and North of New Zealand, consisting of a chain of 13 principal and many smaller islands. When it comes to offshore businesses and tax havens, Vanuatu ranks among the most popular. In fact, it features amongst the most sought out locations such as the BVI, Bermuda, ...
Path: CompaniesQuebec Company Formation
Quebec Corporation is an attractive entity for business establishing and setting up regional headquarters in Canada with generous tax regime for new investments, tax holidays for foreign researchers and experts and access to the North American market.Incorporation: 1 month – month and a half + delivery time for the courier Minimum paid up capital: No minimum capital requirement...
Path: CompaniesSouth Africa Forex License
The Financial Services Board of South Africa (FSB) is a supervisory body of financial services industry in South Africa under the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act). The company that intends to conduct Forex business on a discretionary basis must obtain a Category II Discretionary FSP license with FSB.Overview Annual levy paid by a licensed FSP is calculated...
Path: LicensingAlderney Gambling License
Alderney has well developed jurisdiction and infrastructure for providing online gambling services and products with different licenses and certificates that provide with various business operating opportunities.Incorporation & obtaining license: within 2 months (from the moment of submission of documents to the Regulator) Minimum paid up capital: License fee: GBG 47 500.00 (+manda...
Path: LicensingCook Islands Money Changing-Remittance License
Cook Islands offers three types of licenses for international companies with different business activities. Combined license is the one to be chosen if you wish to conduct Forex brokerage business.Timeframe: IBC incorporation – within 4 weeks License application and approval from the Financial Supervisory Authority – 5-6 months Minimum capital requirement: The Act does...
Path: LicensingAccount Opening in National Bank of Vanuatu
National Bank of Vanuatu is the only commercial bank in Vanuatu that also operates outside of Port Vila and Luganville. Through its network of 27 branches and agencies, NBV offers a comprehensive range of services in business, Retail, Rural, International, Treasury and Investment Banking.Account opening: 7-14 working days Overview: National Bank of Vanuatu Limited provides...
Path: BanksBank Account Opening in ING Bank
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance.Account opening: 7-14 working days Overview: ING is a global financial institution with a strong European base, offering banking servi...
Path: BanksBank Account Opening in ING Bank
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance.Account opening: 7-14 working days Overview: ING is a global financial institution with a strong European base, offering banking servi...
Path: BanksAccount Opening in National Bank of Vanuatu
National Bank of Vanuatu is the only commercial bank in Vanuatu that also operates outside of Port Vila and Luganville. Through its network of 27 branches and agencies, NBV offers a comprehensive range of services in business, Retail, Rural, International, Treasury and Investment Banking.Account opening: 7-14 working days Overview: National Bank of Vanuatu Limited provides...
Path: BanksSingapore Private Company Formation
Singapore Limited Liability Company is an effective business tool for starting an offshore business due to minimal business restrictions, tax exempted non-local business operations.Incorporation: within 9 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview The Republic of Singapore (SG) is an islan...
Path: CompaniesIreland Private Limited Company Formation
Starting your business in Ireland is a great choice for high-tech industries, trade, and investment companies.Incorporation: 2-4 weeks + delivery time for the courier Minimum paid up capital: No requirements, usually EUR 100 Overview Ireland is a well-reputed jurisdiction, attracting foreign investors with its stable and modern economy, good investment climate...
Path: CompaniesUSA Delaware Limited Liability Company Formation
Formation of Delaware Limited Liability Company is the best solution for start-up your business due to low formation and maintenance cost.Incorporation: 48 hours + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Delaware State (USA) is one of the 50 states of the USA and known by its advanced company registration faci...
Path: CompaniesEstonia Private Limited Liability Company (Osaühing or OÜ) Formation
Starting your business in Estonia is a great choice for digital nomad entrepreneurs and investment projects due to the local remote maintenance administrative tools.Estonian company incorporation: 2-4 weeks + delivery time for the courier Minimum share capital: EUR 2500 Overview Estonia is is a small Eastern European country located in the Baltic Sea Region, h...
Path: CompaniesUnited Kingdom Limited Liability Partnership Formation
UK Limited Liability Partnership is a flexible business tool for international companies with advantageous taxation for foreign partners, limited liability for members and no company structure requirements.Incorporation: 48 hours + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Separated from the European continent b...
Path: CompaniesGibraltar Limited Liability Company Formation
Limited Liability Company in Gibraltar for international business purposes. Gibraltar is a stable EU jurisdiction that offers legitimate tax advantages and exempted from VAT. Gibraltar non-resident company is commonly used for international trading and holding business, as well as e-commerce.Incorporation: 7 working days + delivery time for the courier Minimum paid up capital: 1 GBP ...
Path: CompaniesCanadian Limited Partnership Formation
Canada is an excellent jurisdiction for foreign investment and for doing business due to the strong and well regulated banking system, relatively low corporate tax rates.Incorporation: up to 3 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Limited Partnerships is a simple form of business registration ...
Path: CompaniesLabuan Fund Management License
Labuan offshore company is a good base for starting Fund Management business. Licensed Labuan Fund Manager is authorized to provide management and administrative services (managing client’s discretionary accounts, acquire or dispose a portfolio of securities), advise on investments, deal in securities.Timeframe: within 8 months Minimum capital requirements – US $90,000 Ove...
Path: LicensingCyprus Audit Services
Cyprus is considered to be a haven for modern business. Their main advantages are their Strategic Location, the Sophisticated Infrastructure, the Highly-Educated Workforce and the Favorable Tax System.Description As Cyprus has joined the EU, it has brought the country economic and political stability which transformed the island into an international business hub and a corporate servi...
Path: AccountingSouth Africa Crypto License
In South Africa, obtaining a crypto license involves adhering to the regulations set by the Financial Sector Conduct Authority (FSCA). Prospective crypto service providers must register their businesses and comply with the Financial Intelligence Centre Act (FICA), which mandates strong AML/KYC policies. The application process includes submitting a detailed business plan, risk management strategi...
Path: LicensingCyprus Crypto License
In Cyprus, obtaining a crypto license involves registering a company and adhering to the regulations set by the Cyprus Securities and Exchange Commission (CySEC). The application process requires submitting a detailed business plan, AML/KYC policies, risk management procedures, and information about the company's directors and shareholders. CySEC evaluates the application to ensure that the busin...
Path: LicensingNew Zealand Crypto License
New Zealand is a prime destination for cryptocurrency businesses due to its robust regulatory framework and supportive environment. The Financial Markets Authority (FMA) regulates crypto activities, ensuring compliance with the Financial Markets Conduct Act 2013. Crypto exchanges must obtain an FMA license, meeting strict requirements for investor protection and market integrity, including AML, C...
Path: LicensingGeorgia Crypto License
Georgia has become an attractive destination for cryptocurrency businesses due to its favorable regulatory environment and supportive government policies. The National Bank of Georgia oversees the regulation of crypto activities, ensuring compliance with local laws and international standards. To operate legally, crypto exchanges and related businesses must obtain a license, which involves meetin...
Path: LicensingKazakhstan Crypto License
Kazakhstan is gaining recognition as a favorable destination for cryptocurrency businesses due to its proactive regulatory framework and supportive government stance. The Astana International Financial Centre (AIFC) oversees crypto activities, ensuring compliance with local and international standards. To operate legally, crypto exchanges and related businesses must obtain a license from the AIFC...
Path: LicensingLabuan Money Broking License
Labuan serves as an attractive place for setting up forex brokerage business in the Malaysia region and provides relatively favourable corporate taxes.Incorporation & obtaining license: from 4 months Minimum paid up capital: RM500,000 (unimpaired by losses) or its equivalent in any foreign currency (we recommend to have approx. USD 130 000, 00 as a paid-up capital) ...
Path: LicensingCyprus Accounting Services
Cyprus is considered a haven for modern business. Their main advantages are their Strategic Location, the Sophisticated Infrastructure, the Highly-Educated Workforce and the Favorable Tax System.Description As Cyprus has joined the EU, it has brought the country economic and political stability which transformed the island into an international business hub and a corporate service cen...
Path: AccountingNetherlands Accounting Services
Netherlands is a world-class business country. The main advantages of the country are supportive corporate tax structure, highly educated, multilingual workforce, and superior logistics and technology infrastructure.Description A company is required to maintain accounting records to determine the financial position of the company at any time. As regards the location of the accounting,...
Path: AccountingBulgaria Crypto License
...ense involves registering a company with the Bulgarian Commercial Register, typically as an LLC, and complying with the regulatory requirements set by the Financial Supervision Commission (FSC). The application process includes submitting a detailed business plan, AML/KYC policies, risk management procedures, and information about key personnel. The FSC reviews the application to ensure the busine...
Path: LicensingVanuatu Audit Services
The Republic of Vanuatu is seeking a reputation of financial business hub. Therefore, the government is supporting the development of financial institutions in the country.Description In the Republic of Vanuatu, a company has the obligation to submit quarterly and annual reports to Vanuatu Financial Services Commission (VFSC), as well as audited financial statements by the end of rele...
Path: AccountingSwitzerland Portfolio Management (ARIF Registration)
Switzerland is widely known as one of the most reputable and business-friendly jurisdictions. A company can be authorized to conduct portfolio management by a local non-governmental organization – “Association Romande des Intermédiaires Financiers” which acts on behalf of Financial Markets Authority.Overview “Association Romande des Intermédiaires Financiers” (ARIF) – a non-profi...
Path: LicensingMauritius Accounting Services
...eading economic reformers in Africa and evolved to be an Upper Middle-Income country and turned economic growth into the development of the country. With its attractive taxation system it has become one of the chosen destinations of an international business opportunities.Description Global business entities in Mauritius are regulated by the Financial Services Commission of Mauritius (...
Path: AccountingVanuatu Accounting Services
Vanuatu tax haven has the advantage of directing the finances they would have spent on taxes on other productive functions that can facilitate the growth and expansion of a business.Description Vanuatu is considered one of the tax heavens. And most of the reasons that support this claim are encouraging business development in the region. For example: Vanuatu In...
Path: AccountingMauritius Audit Services
...eading economic reformers in Africa and evolved to be an Upper Middle-Income country and turned economic growth into the development of the country. With its attractive taxation system it has become one of the chosen destinations of an international business opportunities.Description Global business entities in Mauritius are regulated by the Financial Services Commission of Mauritius (...
Path: AccountingNetherlands Audit Services
Netherlands is a world-class business country. The main advantages of the country are supportive corporate tax structure, highly educated, multilingual workforce, and superior logistics and technology infrastructure.Description Only medium and large companies are required by law to have their annual report audited by independent, qualified and registered Dutch auditors. The auditor is...
Path: AccountingUnited Kingdom Accounting Services
The United Kingdom is one of the leading financial and business centres in the world. It is a significant jurisdiction for international tax planning. This country is known worldwide as a jurisdiction with a standard level of taxation.Description The country is thriving towards efficient and effective capital markets; therefore, it is important to them to have greater transparency in ...
Path: AccountingSlovakia Crypto License
In Slovakia, obtaining a crypto license requires registering a business with the Slovak Commercial Register and complying with the regulatory standards set by the Financial Market Authority. The process involves submitting a comprehensive application, which includes a business plan, AML/KYC policies, and detailed information about the company's key personnel and their qualifications. The authorit...
Path: LicensingNorway Crypto License
Norway presents an evolving landscape for cryptocurrency businesses, characterized by a regulatory framework aimed at balancing innovation with investor protection. The Financial Supervisory Authority of Norway (Finanstilsynet) oversees crypto-related activities, emphasizing compliance with stringent anti-money laundering (AML) and consumer protection regulations. To operate legally, crypto excha...
Path: LicensingAustralia Crypto License
...ms handling, and superannuation trustee services ASIC evaluates AFS licence applications by assessing the applicant's competence, financial resources, and ability to meet regulatory obligations. Note that licensing is a one-time assessment of the business, not its owners or employees. Holding an AFS licence ensures adherence to basic standards like training, compliance, insurance, and dispute r...
Path: LicensingSingapore Crypto License
...o offer cryptocurrency services must register and apply for either a standard payment institution license or a major payment institution license, depending on the scale of their operations. The application process involves submitting a comprehensive business plan, robust AML/CFT (Anti-Money Laundering and Countering the Financing of Terrorism) policies, risk management strategies, and detailed inf...
Path: LicensingSt.Lucia Company Formation
St. Lucia Company Formation: Your Strategic Gateway to Global Success In an ever-evolving global market, the choice of jurisdiction for your company formation is pivotal. St. Lucia stands out as a beacon of opportunity for businesses aiming to tap into international markets with ease and efficiency. Offshorelicense, with its proven expertise and commitment to excellence, offers a bespoke St. L...
Path: LicensingLabuan Crypto License
A credit token business under Labuan Law is defined as any business where a token, being a cheque, card, voucher, stamp, booklet, coupon, form or other document or thing is given or issued to a person by the person carrying on the business.Timeframe: around 6 months Minimum paid up capital: Not prescribed Overview Labuan is an island and a Federal territory of Malaysia, whi...
Path: LicensingVanuatu International Bank License
Issue of the International Bank license and regulation of the business activities undertaken by the licensees fall under the International Banking Act of 2002 and are controlled by the Reserve Bank of Vanuatu.Timeframe: from 4 months Net assets: must be positive of at least USD 500,000.00 Overview Vanuatu is an established offshore finance center in the Pacific region ...
Path: LicensingSt. Vincent and Grenadines International Banking License
Saint Vincent and the Grenadines grants fair opportunities for setting up an International Bank as well as provides great business advantages – Banks are exempt from any taxes. Registration of International banks is governed by the International Banks Act of 2004 and Regulations. Supervision body for International banks is the Financial Services Authority.Timeframe: between 4 and 8 month...
Path: LicensingEstonia Crypto License
Estonia is a key hub for crypto businesses due to its progressive regulatory framework. The Estonian Financial Intelligence Unit (FIU) requires crypto exchanges and wallet providers to obtain a Virtual Currency Service Provider license, ensuring compliance with KYC, AML, and cybersecurity standards. This structure provides stability and confidence for investors and businesses. Estonia’s effi...
Path: LicensingJapan Virtual Currency Exchange Provider’s License
As of April 1, 2017, the amended Payment Services Act came into effect and as of that moment operators of Virtual Currency exchange business are required to be registered with the Japanese Financial Services Agency.Timeframe: Company formation - within 8 weeks License application - within 6 months Minimum capital requirement: 10 000 000 JPY (approx. EUR 75 000) + Registrat...
Path: LicensingCyprus Investment Fund License
Cyprus is a resilient and dynamic business center, offering a business-friendly, international and cost-effective environment for the operating companies in this jurisdiction. Also, it is a well-regulated EU member state, combines tax efficient features of a modern financial center with the necessary infrastructure for the investment fund industry.Timeframe: up to 4 months Minimum capital req...
Path: LicensingBulgaria Portfolio Management License
Bulgaria is the best solution for applicant who prefer to direct their business to the European Union market, as well as the markets of central and Eastern Europe. The activities of Bulgarian licensed entities are supervised by Financial Supervision Commission of Bulgaria (FSC) and governed by Financial Supervision Commission Act and the MiFID Directive.Overview The Financial Supervision Commi...
Path: LicensingIsle of Man Gambling License
...Man is under British dependency, it is self-governing and not bound by the laws of the UK. The Island is famous as a low tax economy with zero capital gains tax, wealth tax, stamp duty, or inheritance tax. Also, the island is extremely favorable for business as it has 0% Corporate Income Tax. It is considered as a banking and financial services hub with tourism also making a significant contributi...
Path: LicensingBermuda Digital Asset license
The Digital Asset business Act 2018 (the "DABA") in Bermuda became operative with effect from 10 September 2018, creating a legislative framework for digital asset business and services to be operated within a regulated environment in or from within Bermuda.Timeframe: : contingent upon the complexity of the applicant's business and the collation of the documents needed for the license applicati...
Path: LicensingComoros International Brokerage and Clearing House License
In order to apply for a license the applicant must first establish an International business Company (IBC) in Comoros. This process takes approximately 48 hours from receipt of the relevant documentation.Timeframe: 10 business days Minimum paid up capital: no capital requirements Overview In order to apply for a license the applicant must first establish an International business ...
Path: LicensingNew requirements for Lithuania and UK EMIs
...k. It is recommended that financial entities which are licensed in both jurisdictions, particularly EMIs, will retain the lowest level of their risk standard, while enabling a strong and stable risk management policy, specifically if company’s business activities are related to crypto currencies. Such precaution is required until the final agreement is reached between the EU and the UK. E...
Path: BlogThe great step towards China
*Offshorelicense Ltd is an outward-looking international business company that has demonstrated tremendous growth in recent years by providing the first-class services on the global stage. The company is a trustworthy turnkey partner in setting up an offshore company alongside offering a wide range of business solutions.* Our worldwide team of experts has an extensive experience in the **inter...
Path: BlogNigeria’s Crypto regulation as a solution for financial services
...ave been promoted because more and more regulations have been applied to the cryptocurrency industry in other countries and changes has attracted more investors to other jurisdiction. It is believed that investors are more assured to establish their business in jurisdiction where regulations have been introduced to avoid bad consequences of fraud and other manipulations. Currently Nigeria is th...
Path: BlogLocal Swiss Authority Planning to Accept Taxes in Cryptocurrency
...of Switzerland. The state is located in central Switzerland, and Zug is often referred to as Crypto Valley. The canton of Zug has become the home of several crypto companies and fintech startups. The location is one of the top spots for such kind of businesses dealing with global blockchain and digital currency because if its tax-friendly system, favorable political, economic, and technological en...
Path: BlogData protection during the health crisis: is GDPR confronted with Covid-19?
...ead of the virus. However, it would not be legal since the use of location information does always require consent without an exception. What happens over the next few months is still unclear but when the health crisis will begin to resolve, the businesses will have to consider what to do with the collected data and especially if the data was collected without consent. If the company is keepin...
Path: BlogCFTC Warns More Than 20 Forex Brands
...ures Trading Commission (CFTC) updated its latest caution list or the Registration Deficient List-the ‘RED List,’.** **In this list CFTC warns the public against unauthorized Forex and binary options companies that are illegally conducting Forex business activities and targeting the US residents.** Total number of listed companies is 146 but now the CFTC added 22 new names to the list, bringin...
Path: BlogFirst Digital Securities Exchange Approved by Financial Conduct Authority
...ll have access to a credible regulated trading venue on which to engage with the digital securities space. Non-Executive Director at Archax said: “In the current global economic climate, providing new, efficient ways for small and medium sized businesses to access capital is key. Blockchain and tokenisation are innovations that can empower more frictionless and transparent markets which, com...
Path: BlogASIC’s strengthens consumer protections by reducing CFD leverage
...nion. Product intervention order will remain in force for 18 months, after which it may be extended or made permanent. Civil and criminal penalties apply to contraventions of the product intervention order. If you are interested in moving your business offshore or obtain forex license in jurisdiction without leverage restriction, Offshorelicense team would gladly help you to obtain a forex l...
Path: BlogNew Legal Framework for Forex Brokers in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines is not major country that comes to mind when somebody talks about foreign exchanges, but there appears to be a growing trend where a number of companies are being established for the purpose of carrying out the business of forex Trading and Brokerage and other related activities in SVG, therefore, in SVG might be some big changes coming in terms of regulation. ...
Path: BlogGermany Introduces Draft Bill on Blockchain-Based Digital Securities
...ework for digital securities, including the issuance of tokenized assets. **It was decleared by official draft bill that main objective for these changes and adaption of legal framework to new blockchain technologies is to strengthen Germany as a business location and to increase transparency, market integrity and investor protection.** At the moment laws in Germany states that financial instr...
Path: BlogGovernment of India working on law to ban crypto trading
Despite India’s 1.3-billion population, digital asset businesses are a $80 billion remittance industry, and the fact that India has been identified as the land of opportunity for cryptocurrency and the global payments industry, the country has largely been a minor player on the cryptocurrency industry’s global stage. While neighbor countries to the east and west have made themselves internati...
Path: BlogNew 6 AMLD Compliance Conditions for EMIs
...eventing Money Laundering and Terrorist Financing, a refined and more transparent methodology to identify high-risk third countries and an updated list of high-risk third countries. Money laundering has become a huge problem worldwide. Money service businesses have become the new vehicle for criminal groups to laundry cash and move it across the borders and inside countries. Thus, AML regulations ...
Path: BlogLegalization of Cryptocurrencies in Russia
...ial system. This came when major cryptocurrency exchanges including Binance were entering the Russian market, calling a progressive stance of the country’s leaders towards crypto. These suggestions were not supported by already operating crypto businesses and proposed law faced backlash from the industry participants. Therefore, Russia’s ministry of economy criticized the bill being conside...
Path: BlogForex Markets Related Regulations After Pandemic
The COVID-19 has had large impact on our daily lives and it has changed the way we do business. Of course, there are many aspects of life that pandemic hasn’t changed, but the effects can be clearly found in the Forex and trading markets. In particular, **coronavirus pandemic brought a surge of volatility back into the markets in February and March**. This volatility, which has been widely repo...
Path: BlogNew Legal Framework for Forex and CFD Brokers in Bahamas
... in binary options will be prohibited for retail clients. Also, the SC will put limits on retail incentives, where enticements and bonuses will be prohibited, and negative account balance security will be required. In relation to these changes forex business participants will be required to assign responsible person who will supervise the company and will ensure the company remains in compliance w...
Path: BlogLaunch of a new EU trade body - The European Digital Payments Industry Alliance
...cacy alliance is called the European Digital Payments Industry Alliance (EDPIA). The organization will engage in policy debates improving the EU and world-wide payment sector by pushing instant, secure and frictionless payments closer to customers, business and public bodies. The primary goal of the organization is to make Europe a global leader in digital payments, thus completing the Digit...
Path: BlogCySEC Enhancement of Procedures Regarding Safeguarding of Client Funds
...om their own funds. This communication should be kept in the CIFs’ records and be available for review by CySEC. In such a situation CIFs are obligated to justify to the local regulator that they had no other option or solution but to conduct such business, considering as the risk to client’s funds in the case of the company’s insolvency is higher. If a CIF cannot assert to CySEC that it...
Path: BlogCrisis Impact on Crypto Lending Sector
...bility in internal operations as well as strengthening communications across the sector is essential. Companies that are faring best in response to COVID-19 are those that have been able to mobilize quickly to effectively adapt the way they operate. businesses that have been able to leverage an almost fully remote workforce to maintain day-to-day operations with minimal impact on the business have...
Path: BlogJapanese Officials Introduce New Amendments in Japan’s Crypto Laws
...hough there are no laws to regulate crypto in Japan, amending existing regulations is the only way at this time for digital assets to have any kind of legal status in the Asian nation.**These will bring significant changes in the operation of crypto businesses in the country. The new crypto exchange-specific amendments add clarity to the market and introduce a number of important customer protecti...
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
...unished. Reasons for this could be FinCEN understanding attitude towards the crypto industry, giving them time to build compliance solutions, or FinCEN realizing that an enforcement action too early would incentivize many U.S. entities to move their businesses offshore in order to avoid regulatory oversight. One of the latest countries to enforce FATF guidance is Switzerland. The Swiss Financia...
Path: BlogSouth Africa’s Introduction to Crypto Regulation
...tions. Even payment and utility tokens would also have to submit their white papers to the regulators. Also, one of the issues raised in IFWG’s policy is about clarification on legal status of crypto assets - thus not illegal to conduct crypto business activities. According to policy it is recommended that crypto assets remain without legal tender status and not be recognized as electronic m...
Path: BlogFATF votes to greylist Malta. Global anti-financial crime watchdog advises enhanced monitoring for Malta
... Yemen and Myanmar as well as tax havens such as Panama and the Cayman Islands. Due to results of various studies, after ending up on the “grey list” major repercussions to the country’s economy take place, including banking, ease of doing business and as a result – Republic of Malta’s attractiveness to foreign investors. Vote held on Wednesday, June 23rd, was held among 37 jurisdi...
Path: BlogImpact of New Legal Framework on Estonian Crypto Market
Since the establishment of fintech as an independent banking field, crypto exchanges have tried to find the right license that will enable them to conduct business with a possibly lowest limit of regulation, at the same time still trying to comply with local framework. Estonia is one of the most advanced digital nations and also the first country, which has implemented e-residency for global ...
Path: BlogTanzania takes steps to cryptocurrency implementation
...for example, countries like Nigeria, are undergoing mass cryptocurrency adoption process due to country’s failing economy. Recently, Nigerian central bank barred lenders fromworking with crypto-exchanges, which forced crypto users to conduct their business on peer-to-peer platforms. Also, a few island nations, such as the Republic of the Marshall Islands, are pressing forward with a plan to i...
Path: BlogIndian Declaration on Cryptocurrencies Proposes Jail Term for Violation of Rules
...are utterly unsure about proposed measures and concerned about possibility to negatively affect the whole crypto-industry. However, not all countries share the same politics on the cryptocurrencies, and for those interested in running crypto-related business we have a wide range of proposals and decisions. Currently, the most attractive option is Lithuanian Crypto License, which can be obtain ...
Path: BlogJapan and South Africa are to set new crypto regulations
...ncies move from the periphery of the finance world to the mainstream and face deeper scrutiny worldwide. In one of the most significant moves to date by a regulator amid a global crackdown, Binance Markets Ltd. was banned from doing any regulated business in the UK by governmental financial watchdog. Also, Huobi, one the most popular cryptocurrency platforms in China, prohibited users from the ...
Path: BlogJapan to Tighten Crypto Rules for Preventing Sanctions Evasion
...s and/or individuals. Due to the latter changes in legislation Japanese crypto exchanges will be required to conduct any verification on transaction and flag them in applicable cases, only when an order is suspected of being related to sanctioned businesses or private persons. Due to the financial sanctions that were taken against Russia, the country is now forced to search for alternative ...
Path: BlogAccount Opening in Bank Alpinum
Bank Alpinum is one of Liechtenstein’s few independent private banks. Founded by a group of experienced bankers, legal experts and businesspeople, the Bank is dedicated to helping private and corporate clients, entrepreneurs and their families attain their personal goals in terms of safeguarding and growing their wealth.Account opening: 7-14 working days Overview: Bank A...
Path: BanksAccount Opening in Bank Alpinum
Bank Alpinum is one of Liechtenstein’s few independent private banks. Founded by a group of experienced bankers, legal experts and businesspeople, the Bank is dedicated to helping private and corporate clients, entrepreneurs and their families attain their personal goals in terms of safeguarding and growing their wealth.Account opening: 7-14 working days Overview: B...
Path: BanksAccount Opening in Bank of Cyprus
Bank of Cyprus is the leading banking and financial services group in Cyprus, with significant market shares across all businesses.Account opening: 7-14 working days Overview: The Bank provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, lif...
Path: BanksFiji Foreign Exchange Dealer License
The Fiji Islands are located in region of Oceania. Company in Fiji is an excellent way for international entrepreneurs to conduct business in one of the world's most rapidly growing economies. In contradistinction to classic offshore jurisdiction, Fiji Islands are having very positive reputation among investors.Timeframe: approximately 3 months Minimum paid up capital:: $50,000 USD Ov...
Path: LicensingAccount Opening in Bank of Cyprus
Bank of Cyprus is the leading banking and financial services group in Cyprus, with significant market shares across all businesses.Account opening: 7-14 working days Overview: The Bank provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, lif...
Path: BanksNorwegian airline’s customers may be able to purchase flight tickets with bitcoin
...till unclear which digital currencies apart from Bitcoin will be accepted. Although Bitcoin is the best-known digital currency, there is a possibility that the list of supported cryptocurrencies will be broader. We are happy that following such a business giant as Starbucks that is planning to allow its customers to settle payments in cryptocurrency, such a well-known company as Norwegian Air w...
Path: BlogDubai’s VARA Fines 7 Crypto Companies and Issues Cease-and-Desist Orders
...is enforcement action is one of the rare, high-profile crackdowns in Dubai’s rapidly evolving cryptocurrency industry, as the region generally adopts a pro-innovation stance toward virtual assets. Dubai has become a major hub for cryptocurrency businesses thanks to its favorable regulatory environment, particularly after the introduction of the Dubai Virtual Asset Regulation Law in 2022. VARA...
Path: BlogLabuan FSA Tightens Money Broking Rules Amid Growing Industry
As the money broking business continues to grow in Labuan IBFC, the Labuan Financial Services Authority (Labuan FSA) has stepped up with a revised set of guidelines to ensure the industry keeps pace with modern financial challenges. The new guidelines are designed to tighten regulations, promote better governance, and protect investors, especially with the increasing digitalisation of financial s...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
 Saint Vincent and the Grenadines (SVG) is emerging as a favorable jurisdiction for cryptocurrency businesses due to its evolving regulatory framework and attractive economic conditions. The country is part of the Eastern Caribbean Currency Union (ECCU) ...
Path: BlogComprehensive Guide to Opening an Offshore Company in Seychelles
 Seychelles has become a prominent destination for entrepreneurs and businesses looking to establish offshore companies. Its favorable business environment, tax advantages, and streamlined registration process make it an attractive option for international ...
Path: BlogHow to Get a Crypto License in 2024
.../0f6/8a1/66a0f68a1e326442909934.png) Cryptocurrencies have become an integral part of the financial landscape, and with their growing adoption, the need for regulatory compliance has also increased. Obtaining a crypto license is essential for businesses that wish to operate legally within this space. Whether you are planning to launch a crypto exchange, offer crypto custody services, or run...
Path: BlogSeychelles FSA Introduces Updated Beneficial Ownership Guidelines
...ew guidelines on beneficial ownership to enhance transparency and compliance in its financial sector. These guidelines are designed to help financial institutions and other entities identify and report the individuals who ultimately own or control a business. This move is part of Seychelles' ongoing efforts to combat money laundering and terrorist financing by ensuring that accurate and up-to-date...
Path: BlogControversy on 30% Crypto Tax in India
...INR 250,000 (around $3,345). Another rule that is being criticized by many is that the crypto traders will be not allowed to offset their losses from the market. It means crypto traders cannot offset losses from crypto trading against their other business profits. As a result of those amendments to Indian tax legislation, many crypto exchange executives expect much lower trading volumes on t...
Path: BlogLawyers’ Lobbying Efforts result in lifting Crypto-Ban in Vanuatu
...n, Drihem & Co., Law Firm lobbied massively for that change to happen, prepared for the announcement, and built the payments infrastructure 1.5 years in advance to facilitate the needs of those wishing to enrich their services offered and give their business a competitive edge,” - Genia continues. “This amendment placed Vanuatu in the major league, with other, more established, jurisdictions t...
Path: BlogVanuatu is Willing to Move Its Financial Dealers Onshore
- The Vanuatu Financial Services Commission has beefed up the requirements for FDL holders. - “Vanuatu wants to bring about a sea change in the way it does business," St-Hilaire, chairman of VFMA, says. Times, when offshore companies were operating remotely under Vanuatu’s Financial Dealer License (FDL), are a-changing. By the end of 2022, all Vanuatu security broker will be obliged to m...
Path: BlogGerman Political Parties raise discussion on implementing Regulation for Crypto Blockchain Industry
...Olaf Scholz, the German Finance Minister. On our humble, yet professional, opinion, such regulations will only benefit the European crypto-market, as the more secure they become - the more developed they may be, which will have positive effect on a business atmosphere and make the cryptocurrencies more attracting for the citizens of European Union. For those interested in starting a business r...
Path: BlogIndia is up to Classifying Crypto-Exchanges as e-Commerce Platforms
The exchanges will probably comply to the Indian Goods & Services Tax (GST) regime. Country’s government is about to implement regulatory clarity on the Indian booming crypto-industry. According to local media “business Standard” report released last Wednesday the plan is to label crypto-exchanges as e-commerce platforms. This governmental initiative will result in Indian crypto-exch...
Path: BlogDubai is set to regulate investment tokens
...ica chief. The DFSA has introduced new regulatory framework for investment tokens which regulate security and derivative tokens. According to the interview of Omar Rahim, Binance’s Middle East and North America director, held by the ‘Arabian business’ media outlet, “There have been a number of ‘false starts’ in the security token field over the last four years, so this kind of prog...
Path: BlogMauritius is set to rise as one of the best jurisdictions for global financial services once again
...is clearly a great outcome for the small country, as they will be able to rise as a global financial services industry leading jurisdiction once over. Mauritius ranks 1st amongst the African countries, 13th globally in the World Bank's Ease of Doing business 2020 report and this removal/de-listing reinforces Mauritius’s position as a leading investment destination and domicile of choice for stru...
Path: BlogHead of the Estonian Financial Watchdog Endangers Crypto License Holders
Head of the Estonian Financial Intelligence Unit (FIU), who has been appointed to his role in May, 2021, Matis Maeker, has recently made a statement that the country should re-start the licensing process of all crypto-related businesses in the country, which implies that all of crypto exchanges will be revoked their licenses. According to Estonian media outlet, Eesti Ekspress, the financial watc...
Path: BlogHungary is on its way to become an offshore heaven
...t for such schemes. That resulted in Hungary receiving criticism for helping international companies avoid and minimalize their taxes. Although, since Hungary has a clean reputation in those questions, more and more companies choose her to run their business on paper there. Hungary was put on the map of ‘international tax planning’ by the government’s tax modifications made in 2010. Due ...
Path: BlogCyprus Securities and Exchange Commission (CySEC) accepts new policy for Crypto-Asset providers
...ruments under the Investment Services and Activities and Regulated Markets aw, transposing MiFID II and E-Money Tokens (EMT), which qualify as Electronic Money under the Electronic Money Law, transposing EMD. **Below you can find a list of crypto-business models, which are affected by CASP legislation:** • Cryptocurrency exchanges: the digital marketplaces where you can buy and trade crypt...
Path: BlogBrand-new product - Crypto Exchange & Wallet License in Lithuania
...ge and/or wallet services a limited liability company (UAB) has to first be set up in Lithuania. The minimum share capital requirement is 2500 EUR. The company setup can be carried out fully remotely with no visit required, it usually takes about 10 business days from the point we receive all required original documentation. The minimum company structure requirement is currently 1 person who ca...
Path: BlogBrief description of the first day of Bitcoin usage in daily payment: technical problems and protests
...al citizen who owns a small shop in the San Salvador, country’s capital, selling rice, beans and cleaning products, spoke in favor of cryptocurrency implementation: “It is good not to use physical money during a pandemic. Also, this protects business owners from counterfeit money used by the customers.” However, not everyone is excited about the innovations, as the Bitcoin has experie...
Path: BlogNew Gambling regulator in Curacao is coming?
...he legislation of such a country, but also the legislation of Curacao.** It is now **crucial for Curacao gambling license holders** to at least check whether it is legal to offer gambling products & service in countries where they carry out their business. The establishment of a new gambling authority in Curaçao is certainly **a big moment for anybody with an interest in esports betting.**...
Path: BlogFive Fundamental Changes in FinTech from FCA
...interviews on a case-by-case basis to assess the key personnel more accurately. The standards to which the FCA benchmarks the applicant will become higher because of a more intensive assessment and greater scrutiny of the applicant’s financial and business models, but at the same time they declare that the application process will become easier and more convenient to use. FCA plainly declares...
Path: BlogCrypto-Friendly bank ‘freeze’ bank account
...r company, with a regulated banking provider who have the features we expect from a bank. Complaints from customers being locked out of their bank accounts are very common. If you are looking to engage in cryptocurrency trading or crypto-related business, you seem to be at greater risk of having your account blocked or frozen. It can happen to any of us, and it can even happen with supposedl...
Path: BlogXi Jinping’s vision of “New Era” includes Forex Industry to focus on China
...g proudly Chinese.* Due to the enormous trading volumes, currently, China stands out as the forthcoming homeland for **retail Forex**. Introducing brokers operate the vast managed accounts, therefore, a very definitive format now is conduction of business between Western service and brokerage providers on one side and the key introducing partners and brokers in China on the other side. Furth...
Path: BlogNegative effects for Payment Service and E-money Institutions in case of no-deal Brexit
...Hence, generally, they will not be able to provide services and establish branches in the EU Member States. It is a huge problem for all service providers operating at the EU market that consists of approximately 500 million consumers and 22 million business. Also, in no-deal Brexit, unless there are some agreements, UK Payment Service Providers (PSPs) will immediately lose direct access to EU...
Path: BlogCambodia will launch a central bank digital currency
...onventional transfer and payment methods such as credit and debit cards. Moreover, he added that there is no opportunity for speculation as the digital currency is highly centralized. Despite some may consider that this project could hit the banking business, Chang Moo clarified that CBDC would not jeopardize the traditional banking business. The digital currency project has already received t...
Path: BlogThe new transparent taxes in Latin America and the Caribbean
The **newest tax transparency standards** are evolving all over the world. In the early 2018, the UN ECLAC (United Nations Economic Commission for Latin America and the Caribbean) celebrated its 70th anniversary. What happened and how business conditions will change in this region? We will analyze the newest tendencies and explain how business will develop in **LatAm** and the **Caribbean**. ...
Path: BlogShanghai Free Trade Zone: the updates
...the Shanghai Free Trade Zone. Moreover, the official Chinese information agencies stated, that this will become a unique experience for China. Foreigners have never been in equal status with citizens and this will change magnificently. International business will have a chance to enter markets - including stock - and be financed by Chinese investors. It is very important that such closed marke...
Path: BlogRepeal of the Bermuda tax reform as the general service tax got denied
...the implementation of a general service tax, however, it is dismissed from now on. The 2018\19 pre-budget report declares **tax amnesty** in controversy to the old plans. This amnesty will consist of a cancellation of late-payment penalties for business. Companies, whose business is regular, will be able to avoid such penalties. In reference to the previously promised general service tax, ...
Path: BlogInternational Monetary Fund demands tax reform from Hong Kong
...ch. Nowadays, Hong Kong government receives the most revenue from real estate tax and corporate tax. These figures are 28 and 30 percent respectively, which is relatively high compared to other jurisdictions. These taxes are hard to bear for some businesses because they are highly dependent on current incomes and business cycle. Diversification of tax revenues is a very important part to kee...
Path: BlogSwitzerland puts a hand over supervising ICOs
...ese regulations will become more detailed and profound, but for now, even this is a serious step for the conservative countries like Switzerland. Current edition of the guidelines is mostly aimed at anti-money laundering politics. An every crypto-business looks very risky for the traditional economies and they want to protect what they have. Therefore, an approach to ICO regulation is still cau...
Path: BlogVirtual currency draft bill in Gibraltar
**Distributed ledger technology** (DLT), widely known as the **blockchain**, is a stumbling block for many jurisdictions. It is hard to ignore it now due to the fact that dozens of businesses in their activities use virtual technologies and, as a result, virtual currencies. **Gibraltar** is the jurisdiction that, along with the others, starts adding DLT to its scope of regulation. The Gibralt...
Path: BlogNew tax relief measures in Hong Kong budget
...hnologies and to individuals’ taxation**. The relevant changes are listed below in greater details. • The companies, that invest in green technologies, will get the tax relief. Costs, spent on environmental-friendly equipment or machinery for business and/or on implementing renewable energy, will have deduction period. It is proposed to have a 1-year assessment period for all categories, bu...
Path: BlogSeychelles - Mauritius potential financial services partnership
Recently, the official delegation of **Seychelles** visited Mauritius to discuss matters of becoming partners. The current plans include working in financial sector to develop international business potential of both countries. Presently, **Mauritius is a popular African territory for starting international business**. It is a competitive economy according to different factors. One of them is...
Path: BlogSaint Vincent and the Grenadines’ budget: tax relief and amnesty
...udget with **good news for taxpayers**. It refers to both, private individuals and companies. Legal entities will have company **tax reduced by 2.5%**. Also, the hotel owners will have to pay **1% less income tax**. These are the main changes for businessmen. Regarding private individuals, it is important to mention **personal income tax reduction**. It will be **less by 2,5%** and the same ...
Path: BlogHow to Incorporate a Company and Why it is Beneficial
There are many reasons to incorporate a company when you start doing your own business. First of all, this process lets you act like a separate legal entity and use all privileges of a certain jurisdiction. What benefits can incorporation bring you as a businessman? The main advantages include asset protection, asset transfer, low tax rates and many others. Registration process tends to be easy ...
Path: BlogGST and Excise Tax Revision in Belize’s New Budget
...party, will be subjected to GST. It is considered that land clearing, crop dusting, and harvesting, are categories abusing tax exemption. Consequently, they will be subjected to GST from 2018. Furthermore, **GST will be modified for companies in business processing-outsourcing sector and operating expenses will become ineligible for classification as inputs.** Moving on to the Excise tax alte...
Path: BlogWill Bahamas be removed from the EU tax blacklist?
...re **Bahamas are listed among other jurisdictions with non-cooperative taxation rules**. The mentioned above list is a non-obligatory document, but, at the same time, an important guide which makes a huge impact for choosing contractors while doing business. This year, the US Virgin Islands, **Saint Kitts and Nevis were also listed as territories with non-cooperative tax jurisdictions**. Europ...
Path: BlogBlockchain regulations are on the way to Malta
Many countries that support **international business** had started to implement **blockchain regulations** during the last months. **Malta** is next in the line according to the plans announced at the **Dubai Blockchain Conference**. Which industries will the new regulations cover? Not only blockchain but also **AI** (artificial intelligence) and **IoT** (internet of things). Technologies are...
Path: BlogGibraltar and Hong Kong plan to work together on the fintech sectors development
...orking together on implementing innovations in this sector. Both participants of the above mentioned agreement are excited to broaden their scope of work. The signing of this document is the next step in creating a working legal framework for the business. Last months were a breakthrough in financial technology sector for both Gibraltar and Hong Kong. This means that international companies wil...
Path: BlogGaming Bill in Malta. One gaming law for all.
...h is anticipated for the industry. The Gaming Bill will increase flexibility and effectiveness of existing legislation and add more stability to it. Also, safety is one of the most important aspects of the new regulation. In gaming industry, keeping business transparent, legal and fair is a complicated task, but is beneficial for all participants of the industry. The Malta Gaming Authority will...
Path: BlogGibraltar protects its sovereignty during the Brexit negotiations
...sh representatives released all claims considering territory’s independence. In addition, **Gibraltar citizens still mostly support staying in the EU**. 96 percent of voters think that staying in the Union will be more profitable for economics, business development and security of the country. Gibraltar’s Chief Minister, Fabian Picardo, confirmed that this territory is absolutely into conti...
Path: BlogChinese financial services opening up to foreigners
... removed**. These changes will open the market to foreign investors and banks, giving the opportunities to set-up branches and subsidiaries. Changes will also affect securities companies, fund managers, futures companies, and life insurers. These businesses will have the foreign ownership cap set at 51% and after 3 years this limitation will be removed. Foreign agents will also be allowed to pr...
Path: BlogCyber risks rules compliance. New rules in Hong Kong
...ord by means of a mobile app, a phone or e-mail and it is easy and secure at the same time. Online trading is becoming more secure and the Securities and Futures Commission continues its work to maintain this high level of security. What types of businesses are subjects of these changes and 2FA implementation requirements? Currently 4 types of trading activities are affected by these changes: d...
Path: BlogPrivate 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: BlogPeru has joined two major OECD Conventions
...x evasion. Peru has taken all of the necessary steps to become a member of the **OECD Multilateral Convention on Mutual Assistance in Tax Matters** and also the **OECD Convention on Combating Bribery of Foreign Public Officials in International business Transactions**. This is the most comprehensive multilateral instruments on cross-border tax co-operation. These implementations will allo...
Path: BlogTwo more opponents of the UK policy regarding public registers
...arbados 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. Recently, it was announced that the **British Virgin I...
Path: BlogA raising trend of investment scams in Australia
... to more than $21.8 million. Previously the highest loses were recorded in 2017. The governmental authorities stated that current level of fraud schemes, associated with cryptocurrencies, is alarming. Early this year, Consumer Affairs Victoria, a business unit of the Department of Justice & Regulation, within the Victorian government, announced its concerns about Bitcoin scams. The above-mentio...
Path: BlogThe new anti-money laundering law of the Island of Man
...is actually means that it is an official AML/CFT law from now on. This was an expected development in mind of the recent trend of updates in the field of Anti-Money Laundering Law. The Isle of Man is a well-regulated and developed international business center and the new law will help to preserve its respectful status. The IOM Government stated that the new law will enhance its anti-money la...
Path: BlogWhy cryptocurrency is the future of electronic cash systems
...p and other market factors present both challenges and opportunities. **Consumer Benefits of Cryptocurrency** Since the beginning of the 21st century, commerce has become increasingly digital. This has given new opportunities for consumers and businesses around the world to become more connected. A lot has changed since Satoshi Nakamoto’s original white paper in November 2008. We’ve s...
Path: BlogLegal tech in 2018. New aspects
**Legal Tech, also known as Legal technology, refers to the use of technology and software to provide legal services.** Legal Tech companies are generally startups that perform their business activities in a way that is defying stereotypes of the conservative legal market. In this article we will discuss the last tendencies in the world of legal technologies. As you may know, a large number o...
Path: BlogBermuda warns: virtual currency shall not pass
Each jurisdiction makes and individual decisions on the matters of **cryptocurrency business**. We have already informed you about the countries whose reception of blockchain is mostly positive and the new legal initiatives are giving business space to work. However, it is not about **Bermuda**. Currently, this territory is not against cryptocurrencies, but the Bermuda Monetary Authority has ...
Path: BlogThe Isle of Man Aircraft Registry Awards
... following traits: being innovative, informative, follow all requests and satisfy the interests of clients. This means that using the Isle of Man Aviation Registry is receiving the best service. **Offshorelicense Ltd** is always ready to assist your business by analyzing all choices and finding the best solution.
Path: BlogDecentralized Internet – affordable resources and privacy on the web
... network of pipes and controls. If a new house desires running water, a protocol exists to bring that house water. Thus it is with the internet. Are users demanding new plumbing, though? When people turn their computers on, the internet connects, business transacts, everything functions normally, and that appears to be sufficient for most of the population. ***The World Wide Web*** When p...
Path: BlogChinese Giants: Which Payment System to Choose?
When **moving your business overseas**, it is very important to consider local rules, technical requirements and work facilities. For business in China, these features also include choosing a **payment system** suitable exactly for you. AliPay, WeChatPay and UnionPay are the biggest and the most popular payment solutions for the Chinese companies. Their technical features and scope of work a...
Path: BlogChina amends the FIE record-filing laws regulating foreign investments
...approval, the investor’s representative or agent should complete the online FIE Establishment Filing Application Form and file the relevant documents with the local MOFCOM’s FIE **General Management Data System (System)** for the issuance of the business license. For changing of FIE’s particulars, the representative or agent should complete the FIE’s **Change of Particulars Application For...
Path: BlogPros and cons of Labuan company formation
Talking about jurisdictions, offshore company in Malaysia is not a regular decision. This is why we decided to explain how to set up a company in Malaysia and figure out why is it rational to set up your business in Labuan. Registration and incorporation of offshore company in Labuan is requires standard actions like collecting and filing documents but still there are some interesting factors yo...
Path: BlogHow to set up a Limited Partnership in Scotland?
When starting a business, you should consider Scotland as an interesting option. This is the part of United Kingdom and its business legislation and other conditions are favorable for starting up a company in Scotland. Main legal act that governs all Limited Partnerships in Scotland is a 1907 document that is still topical and useful for business. Setting up a company in Scotland is much cheape...
Path: BlogWhy do you need to protect your company's brand in modern world?
...on emotional level is much more important.* You may build a full system of company values, principles and mission; design a perfect logo, corporate style, products and create an image that strikes customer as a lightning. However, your incorporated business will still be in danger without a proper protection. Why is branding so important? How to protect your company’s reputation? Here are fiv...
Path: BlogHow to report foreign income on US tax return?
*Most of today's employees or businesses are looking forward to work internationally. When a person receives an international payment a question on how to pay income taxes will arise.* Earnings shall be displayed in the US tax return, and we would like to draw your attention to some points of income reporting. We will focus on two most common situations: when you earn money abroad while being...
Path: BlogWhy do they always choose Cyprus?
*Many business founders who are thinking about starting their business offshore have been considering Cyprus. This country is a first thought for most people when hearing the word “offshore”.* Offshorelicense Ltd is ready to help you understand why this island is so popular amongst company founders and whether you should choose it too. There is a thought that business in Cyprus is popular b...
Path: Blog6 things to consider when going offshore in 2017
*When the day has come and you, as the owner of the business, decided to choose an offshore jurisdiction for your company – the journey has only just begun.* Sometimes starting a new business offshore or moving your existing business to another country can help you grow and develop. OffhoreLicense Ltd knows, that executives are sometimes struggling to choose an offshore jurisdiction because th...
Path: BlogThe Offshorelicense website launch. What it brings to us?
*We have been reworking our website for a while and now the day has come. If you haven’t heard about Offshorelicense, here is a brief introduction.* We work as international company which deals with various business tasks. For example, we can assist with starting and setting up business in offshore zones, deal with licensing matters and opening bank accounts. Offshorelicense is a trustworthy t...
Path: Blog“To trade or not to trade?” or How Chinese Exchanges Overcome the Bitcoin Ban?
...nment’s statement that frauds and money laundering took place on the exchanges.* Before these bans, China had a trustworthy role as one of the biggest **cryptocurrency** trading markets. At the same time, this country is ahead with the mining business and became, actually, one of the centers for crypto-enthusiasts. What is happening now and what are the perspectives? After the **Bitcoin ...
Path: BlogGod Save the Queen. Paradise Papers Revelation
Offshore leaks have always been incriminating for politicians, influential businessmen and other celebrities. November 2017 has become a month that revealed even more hidden information than we could have thought of. The Panama Papers, that became a leak in early 2016, blackened the reputation of many individuals and companies. Now is the time for the **Paradise Papers** and we are on it to anal...
Path: BlogHow to Offshore: Useful Tips and Tricks from Leaked Apple Inc. Papers
...the best is always a skillful strategy. **Apple** has always been the company to look up to and now we have a chance to sneak into their **offshore tax strategy**. The Paradise Papers, revealed on November 5, can become a guide for the newbies on a business field. Offshore matters are very sensitive and need to be individually selected. What can we learn from the Apple experience here? Corpora...
Path: BlogHow did Brexit Affect Gibraltar Jurisdiction?
The official representatives of the UK marked Gibraltar Day in the early November by revealing British political plans for Gibraltar.Many businessmen began to reconsider their plans regarding Brexit. Stephen Barclay’s statement can put an end to all your doubts. According to the statement, **Gibraltar and the UK will not stop cooperation** in any matters and will continue the development of ...
Path: BlogHow RootAnt Makes Brokerage in China Easier
Doing **brokerage business in China** can be a serious challenge for international companies. Due to the fact that the market is closed, it is hard to follow all legal requirements and at the same time earn traders’ trust. Trading platform **RootAnt** is now one of the best services that allows international financial institutions localize in China. It is a combination of services for broke...
Path: BlogSaint Vincent and the Grenadines Deals with the False Accusations
...ssional advice and analysis, not only an open-source information that might not correspond to the reality. This is why you can use services offered by **Offshorelicense Ltd** experts. We are ready to assist you in choosing the best location for your business.
Path: BlogGibraltar Goes Fintech: Next Destination - Hong Kong
...all over the world gather to discuss their cooperation. Gibraltar is the member of this week for the first time. Delegation represented desire for this jurisdiction to move into the Fintech sector. The majority of the Albert Isola delegation were businessmen, executives, investors and even financial regulators. They performed a number of meetings and a reception to make some crucial agreements ...
Path: BlogThe Shanghai Free-Trade Zone: Development Plans
...ina, in 2013 was a result of the Chinese government plan. The main goal of this process was to implement **economic and social reforms** with the maximum efficiency. **The Shanghai FTZ has many advantages** for both - domestic companies and foreign businesses. In early November 2017, the FTZ released its development plan for the 2016-2020 period. For now, it is already an innovative base for b...
Path: BlogThe New Labuan Tax Regime: Towards the Advancement
**Labuan**, the official federal territory of Malaysia, is considered as a reasonably good place for the international business. However, it still needs to improve action standards with the BEPS Action 5. It is the latest standard of the OECD that should be followed by members of the BEPS Inclusive Framework. Adapting tax legislation to the **new rules** is supposed to start at the earlier co...
Path: BlogGo Tech! 15% Corporate Tax in China for Tech Companies
...ed activity. Basically, lowering corporate tax to 15% for such companies gives many benefits to the country itself. Before 2008, corporate tax used to be 33%, then it was lowered to 25% and now high-tech firms have even lower rate. Moreover, tech business will receive more benefits for educating staff. Deduction will be up to 8% of the total yearly wage bill and it can be distributed among a co...
Path: BlogBitcoin Mining Faces Rumors in China
...y exchanges** and **ICO** are illegal in China. Considering the fact, that the government has already restricted the access of Chinese citizens to many internet resources like Facebook, Google and Twitter, it is not a surprise that cryptocurrency business is in danger. Ownership, mining and usage of Bitcoins is not yet illegal but tendencies are disappointing. Investing in cryptocurrencies b...
Path: BlogChina Bans Popular FX Broker Services
We have already informed our audience regarding the newest **Chinese tax regulations**, legal limitations and other **business rules**. It is notably complicated to take into account every small detail while establishing company in China, therefore, we have prepared the latest news about **broker activities** in China. Chinese legal entities have rights to perform their activities on the web ...
Path: BlogIs Accepting Bitcoin a Reasonable Choice for Banks?
...y at the same time. Even though many **banking facilities** are suspicious about Bitcoin, the others have a proactive position on adding cryptocurrency services to their scope. Moreover, the CEO of the Citigroup Bank, one of the most respectable businessmen in the world, claims that some governments are ready to create their own currencies to meet the demands of evolving innovations. Not only ...
Path: BlogHow Brokers in China Feel After the Website Blocks
...d creation of the National Internet Finance Association of China, many things have changed. Foreign exchanges became even more undesirable than earlier and it might cause problems for Chinese brokers as well. **Offshorelicense Ltd** is aware that businessmen who work with Chinese trading platforms can face many difficulties. This is why we are always supplying the latest news and are always rea...
Path: BlogOne...Two...Three...Brexit! The UK Takes Gibraltar Along
Many business representatives that have legal entities in **Gibraltar** are concerned about the consequences of **Brexit** process. Gibraltar has been a British Overseas Territory since early 1700s and the United Kingdom still makes or influences a majority of important decisions in the territory. The Prime Minister of the UK, Theresa May, has previously assured that Gibraltar’s interests ...
Path: BlogVirtual Currencies’ Control in Singapore
Using **virtual currencies** is now a common practice between business representatives. Breadth of choice in the field of financial instruments makes regulators think of more and more universal types of acts and laws. Many international documents also have requirements for the counter-financing of terrorism and anti-money laundering policies. This puts financial regulators in the position where...
Path: BlogReview of the Funds in Cayman Islands
Financial sector business in the **Cayman Islands** is regulated by the Cayman Islands Monetary Authority (CIMA). Also, after the Revision of the Mutual Funds Law in 2015, the regulator on a yearly basis releases digests on the funds industry. The latest one was issued on December 29 revealing the data for 2016. This year has mostly showed a decrease in number of registered funds except for M...
Path: BlogBitcoin and cryptocurrency litigation
Since its development in 2009, cryptocurrency has been in the financial space as both a threat and an innovation to the business and economic scene. Budget investors have been swayed by the virtual monetary device that offers anonymity, easy international transactions,and feasibility as an investment instrument. Its familiarity has bred numerous investors in the market. Their rising number has...
Path: BlogPost-Brexit UK markets access for Gibraltar
...nounced Brexit**. Lately, Gibraltar faced problems due to the EU plans on its territory and is still negotiating best terms for staying on the market. Today we brought good news for the companies that provide financial services and online gaming businesses. These companies are guaranteed will have full access to the UK markets until 2020. This resolution was taken according to the countries mu...
Path: BlogSwiss regulator launches proceedings against ICO issuer
...until the investigation is complete. In last year September the number of ICOs, that were tabled for investigation on whether certain regulatory provisions have been breached, doubled and continues to increase. FINMA consistently fights those ICO business models that break or circumvent supervisory law as well as drawn attention of the public to the risks that ICOs may pose for investors. Al...
Path: BlogAttention! New guidelines for crypto holders were announced by the UK Tax Agency
...nd overseeing other aspects of the nation’s treasuries, stated that one of latest reports particularly aims to describe how persons owing digital assets may be taxed, but does not draw attention to the tax model for tokens held by companies or for business means. The aforesaid document follows on previous reports from the UK authority, defining crypto assets more as property than as a mean of...
Path: BlogOmega Dark, the first regulated dark pool in digital assets is launched
...dark pool in the digital asset marketplace.** As reported in a recent press release, Omega Dark is the first company to be approved for a provisional Digital Asset Exchange License in Bermuda in accordance with the country’s new Digital Asset business Act. CEO Gordon-Brander stated: *"Dark pools matter so much for crypto because they act as a central warehouse for liquidity, and connect...
Path: BlogCrutial amendments to the Polish tax legislation in 2019
The CIT (Corporate Income Tax) in Poland is a tax collected from legal entities and the PIT (Personal Income Tax) is collected from physical persons. The amount of CIT is based on the net income companies obtain exercising their business activity, and the PIT must be paid by every individual who obtains income, e.g. receives remuneration (under employment contracts or civil law agreements) often ...
Path: BlogiFX EXPO Asia, Hong Kong 2019
...ty to meet us in person to discuss your busniess - Nowadays we are developing a new product line that is even more efficient, covers greater amount of clients requests and serves the top of their interests. Discovering the right products for your business we would pay your attention to our proven products: ☑ [Labuan Money Broking License](http://www.offshorelicense.com/licensing/labuan-mon...
Path: BlogAttention! As of January 2019, amendments to Vanuatu Financial Dealers Licensing Act came into force
...s, the minimum insurance cover for a licensee has been raised to VT 5.000.000 for each claim with an aggregate cover of not less than VT50.000.000 and a maximum deductible amount of VT500.000 As a way of assisting and monitoring financial dealing businesses, the proposed amendments now divided dealer’s licenses into 3 different categories namely Class A Principal’s License, Class B Principa...
Path: BlogTax storm. British Virgin Islands ceased to be a "haven" for shall companies
Another convenient tax haven is lost for business - the British Virgin Islands (BVI). Since January 1, 2019 criteria of economic presence for foreign companies has entered into force in BVI, which will become a powerful barrier for the registration of shell business. **British Virgin Islands, beloved all over the world for zero taxation of legal entities, in agreement with the European Union...
Path: BlogShanghai International Money Fair Expo
...k you all for taking your time to visit our stand during Shanghai International Money Fair Expo, December 14-16, 2018. It was our great pleasure to meeting you and we feel deeply honoured to receiving a chance to discuss your potential projects and business in general. During the exhibition **Offshorelicense** have been interviewed by Chinese finance news portal where our head of Legal and Cor...
Path: BlogThe main benefits of Cyprus formation
...gislation, classic corporate law and the country’s consistent tax policies make Cyprus a very attractive jurisdiction.** Cyprus has a powerful and advanced legal regulatory system and, as a former British colony, it is a common law country with business legislation comparable to those in the UK. Every Cyprus company enjoys all the benefits of functioning in an EU country, since Cyprus is a m...
Path: BlogFATF is planning to release International Crypto Regulation by next summer
...euters report Friday, **the FATF said it will publish international rules for cryptocurrency regulation by next summer**. The possible regulations will put into effect licensing schemes for crypto exchanges and probably for digital wallet providers. businesses offering financial services for initial coin offerings will also be involved, the report stated. The news was revealed after the FATF pl...
Path: BlogAustralian commision requires each and every piece of information about its brokers
...ested, including 2017 and 2018 turnovers, revenues by asset class, position details, swap rates, and many more are turning this report into a nightmare of every local broker. ASIC has also requested information in regards to the manner of how the business is conducted – A-book and B-book division, usage of a hybrid model and what are the criteria for assignment of clients to one of the models...
Path: BlogFive reasons why you should incorporate Delaware LLC
...ere are the most notable ones: 1. INTERNATIONAL REGULATIONS The Delaware General Corporation Law, even on international scale, is thought to be one of the most progressive corporate legislation document. Along with being corporate-friendly and business-accustomed, it continues to be relevant thanks to regular law updates. Stability is the main feature, regardless of the political party in po...
Path: BlogNew crypto regulation from Switzerland
...regulation must meet specific conditions. First of all, the legal entity must be a company limited by shares, a corporation with unlimited partners or a limited liability company. Additionally, it must also have its registered office and operate its business in Switzerland. **FINMA has also prepared a guide that will ease the application process for possible licensees**, setting forth a detaile...
Path: BlogTop 5 crypto-friendly jurisdictions
...tral bank of the country are chasing a clear blockchain plan with the objective to connect central banks worldwide through DLT (distributed ledger technology). With regards to cryptoregulation, they had long adopted a free-hand policy for crypto business which significantly increased the level of attractiveness of this jurisdiction among other related projects. **HONG KONG** Hong Kong, e...
Path: BlogCoinbase starting over-the-counter crypto trading for institutional investors
... a result of an increasing demand for OTC crypto trading from institutional traders, that view the possibility to offer both mentioned methods, OTC and exchange, as a “huge benefit” for their customers. Sandler noted: *“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading.”* Coinb...
Path: BlogA Blockchain Education Network: the new era of scholastics
**Blockchain technology continues to see expansion into every business sector, including the education system.** The added efficiency and security of implementing of a blockchain protocol is undeniable. The paper-based system that dominates most of the educational networks of the world is grossly outdated, and there is no real global consensus on the overall status of education. These systems...
Path: BlogShenzhen International Finance Expo 2018
**Offshorelicense Team** would like to thank everyone for visiting our booth and sharing their business inquiries at **Shenzhen International Finance Expo 2018**. It was a great pleasure to meet you and introduce our products and services in person, as well as provide some of you with initial consultations on Licensing, Incorporation and Banking services. For those of you who did not have the ...
Path: BlogICO vs IPO. Main differences
...ompany in order to become public and offer its shares publicly.** Some of the differences are: 1. I) **Scales**. IPO’s are generally performed by large companies that want to expand their market shares and develop even further their scope of business. In contrast, ICO’s are usually executed with the intention to raise first investments and enter the market. 2. II) **Documentation**. A l...
Path: BlogCrypto exchange industry is not as compliant as it appears to us
...ransaction monitoring and internal compliance staff with sufficient experience in AML. Whereas certain people may consider unidentified trading as a special feature of the cryptocurrency market, in particular cases it may also enable questionable business practices and criminal or terrorist activity. A lot of such platforms require just a crypto wallet address in order to start using it. Gen...
Path: BlogBlockchain technology to be used for cross-border forex transfer in China
... platform has been completed, SAFE most probably wants to pilot the project for six months in the three main trading provinces - Jiangsu, Zhejiang and Fujian – and two cities, Shanghai and Chongqing. The project will be useful not only for business, but also help financial institutions better regulate the industry, as transactions would be processed quicker with fewer mistakes and as a r...
Path: BlogSingapore authorities are planning to support crypto startups with receiving banking services
...bring the banks and cryptocurrency fintech companies together”**. The institution’s director mentioned that this approach does not mean that the MAS will reduce regulatory requirements in order to attract crypto startups. The nature of crypto business is slightly different from the classic types of businesses, so many banks might need to apply new methods, so they would be able to determine...
Path: BlogEconomic Substance Regulations in UAE
... (explained further) will be obliged to meet certain legal requirements. These are “economic substance regulations” requiring the UAE companies to demonstrate actual economic activities** - the type and level of activity they undertake. Further, businesses carrying out “relevant activities” will have to produce the reports to the Regulatory Authority annually to demonstrate that the compan...
Path: BlogThe UN warns on North Korean Crypto Conference
As has been previously reported, North Korea will host its second blockchain conference that will take place in February. The event is being arranged by Alejandro Cao de Benos, a president of the Korean Friendship and Chris Emms, a business developer at Bitcoin.com. This January, the United Nations warned people not to attend the upcoming North Korean Crypto Conference and openly stated that a...
Path: BlogASIC implements new rules for issuers of CFDs
...clients and find out which classification test was used. If it was the ‘price and value test’, then another test should be applied. The client has to meet any of the other requirements. Other Wholesale Investor Tests include: - The large business test; - The net assets and gross income test; - The professional investor test; - The Sophisticated investor test. If upon the test com...
Path: BlogSouth Korea enforcing crypto rules
...ency exchanges were classified as information providers so they didn’t fall under the jurisdiction of the financial regulator. The new bill categorizes cryptocurrency as digital assets which makes crypto exchanges recognized as regulated financial business. The legal framework will require exchanges to enhance their security systems. Crypto exchanges and service providers to report and regis...
Path: BlogThe BRICS countries discuss the launch of the new cryptocurrency and unified payment system
...na, and South Africa, were discussing the launch of the “BRICS cryptocurrency” and unified payment system. The idea of creating a new cryptocurrency and a single payment transaction system between the five countries was supported by the BRICS business Council. As reported earlier, the unified payment system will allow to pay for purchases in any BRICS country, regardless of the currency o...
Path: Blog6 reasons why best Forex brokers are regulated
...ed by potential customer as reliable and decent. **Transparency** In order not to fall into the trap of unscrupulous broker, fraud or scam it is important to understand that the broker does conceal something. Potential customers choose those businesses which are transparent and do not hinder the access to information that the client needs. **Controlling** Regulations for controlling ...
Path: BlogHow cryptocurrency will be taxed in the UK?
The United Kingdom’s tax, payments and customs authority has clarified its view on how cryptocurrency will be taxed. New guidelines published by Her Majesty’s Revenue and Customs (HMRC) explain the approach to crypto taxation for businesses and individuals. It must be noted that the authority has a clear position in relation to the cryptocurrency status – it is not considered as a curr...
Path: BlogThe Central Bank of the Bahamas expressed digital currency plans
... avoid complications associated with cash shipments. Moreover, crypto transactions are more efficient and less costly comparing to a hard currency. The authorities of the Bahamas are aimed to develop a reliable payment system so the citizens and businesses wouldn’t have issues even in the event of a natural disaster. Indeed, when the difficulties with a hard currency arise, the digital curre...
Path: BlogBermuda became the first government to accept digital currency payments
... technology can increase the accessibility and lower the cost of financial services. By building the technically advanced financial system, Bermuda attracts more and more financial services providers interested in licensing under the Bermuda Digital business Act. The Prime Minister welcomes all enthusiasts who are eager to contribute to the future of open financing and development of innovativ...
Path: BlogCyprus banks overdid it with risk prevention tactics
...g an uncontrolled mass termination of registered companies and certain reduction of applications for new registration.** According to the president of the Cyprus Fiduciary Association (CFA), Michael Christos, this presents a great concern for local business sectors. The mass outflow of companies operating in Cyprus and their establishment in other jurisdictions will have a domino effect for th...
Path: BlogRestrictions, imposed by European Securities and Markets Authority (ESMA) on the marketing, distribution or sale of CFDs and binary options to retail clients, will stay permanent
...strictions will automatically cease from July 31, 2019 with ESMA to keep on observing the market sectors to evaluate whether any other EU-wide measures need to be implemented. Read our blog to keep abreast of all actual and applicable news in the business.
Path: BlogGerman crypto companies will require BaFin license as of next year
... crypto assets will be classified as "financial instruments". This wide-range definition of financial instruments covers not just cryptocurrencies but many related-assets as well, particularly security tokens. In addition, cryptocurrency-related businesses, such as exchanges and wallet providers, also to be licensed by BaFin and comply with AML regulation, since these are also related to busin...
Path: BlogNew financial crime combating plan was released in UK
... has recently released a new action plan to combat financial crimes that among other things will include actions on cryptoassets.** Criminal elements will have nowhere left to hide their illegal gains due to a joint action made by government and businesses. The Economic Crime Plan drawn up by H.M. Treasury and the Home Office is aimed to improve the way economic crime is handled, creating bett...
Path: BlogHow to store your crypto with the less tax consequences
...red into actionable guidelines. This is confusing for individuals, who know they are liable to pay something but considering the amount and where to lodge it creates a question. With the question amongst property and security, or personal gain or business income, remaining undefined, individuals are exposed: liable without being fully aware of the repercussions of their digital assets. SOLUT...
Path: BlogIsraeli court determined bitcoin as an asset
...the sale of cryptocurrency should be exempted from taxes. The claimant stated that Bitcoin should be considered as a foreign currency, and that the profit of NIS 8.27 million (appx. $2.30 million) occurred from an exchange between individuals, not a business transaction that is legally taxable under Israeli law. At the same time, the Israeli district court ruled that all earnings made through b...
Path: BlogThe Hong Kong Monetary Authority Has Issued New Online Banking Licenses
...60. **Norman Chan, the HKMA’s chief executive officer stated:** **“**We are pleased to grant four more virtual banking licenses today. The HKMA is now working closely with the eight virtual bank licensees to prepare for the launch of their business operations in accordance with their plans. The launch of virtual banks in Hong Kong, which is a key component of the Smart Banking Initiative...
Path: BlogCySEC proposes three levels of leverage for retail clients
...see as the fundamental new rules of engagement.”* Additionally, Kalogerou underlined that customer demand for high risk, speculative trading products continues to increase in Europe, wherein Cyprus investment firms must continue reforming their business models to ensure investors are adequately protected. Read our blog to keep abreast of all actual forex news.
Path: BlogEstonian government tightens up licensing requirements for cryptocurrency companies
...any’s responsible person for an interview to evaluate the applicant's knowledge of AML requirements. New rules will apply to both new applicants and those who applied earlier. Those companies that already have a license will have to bring their business processes in line with the new requirements by the end of this year. Otherwise, their license will be revoked by the regulator. Read our b...
Path: BlogChinese court: bitcoin is a property with "economic value" and must be protected by law
...er digital assets. As it was reported by a local newspaper, the Shenzhen Court of International Arbitration decreed that cryptocurrencies supposed to be legally treated as a property with “economic values”. This decision came after the latest business clash over the ownership and transfer of crypto-actives. A case review was published on Oct. 26 by way of WeChat. As it turned out, the un...
Path: Blog5 reasons why you should form your own LTD in UK
...atively low compared to corporation taxes. The latest Companies Act, made a lot of changes making it easier to create a limited company. The UK government always searches and examines ways to provide well run companies the freedom to succeed with business rather than get bogged down with administrative formalities. **2. Legal identity** Every company has its own legal identity, hence thir...
Path: BlogEU and US propose legislative changes regarding digital asset industries
...ies markets, trading venues, and investment intermediaries. Approximately the very same time, US Conference of State Bank Supervisors (CSBS) announced the launch of MSB Networked Supervision, a set of compliance guidelines for large Money Service businesses (MSBs) in the US. These guidelines will standardize compliance procedures across states, which allows for state-licensed money transmitters...
Path: BlogNew legislation of Jersey will allow to form Limited Liability Company
Jersey Finance recently announced new legislation that will enable the establishment of Limited Liability Companies (LLCs) and will have a serious impact on business relations with the US. Draft of the Limited Liability Companies Law was approved by Jersey’s government on 11 September, breaking the ground for LLCs to be established in Jersey. Combining the flexibility and privacy of a p...
Path: BlogBahamas issued guidance related to financial crimes prevention
...* The first of them – **“Guidance Note on Financial Crime Risk Management”** – is proposed at licensees in the banking and non-banking financial sectors and is aimed to deliver instruction on financial crime-related risk management at the business and client levels. The aforesaid document also helps in implementing of anti-money laundering measures and countering the financing of ter...
Path: BlogCayman Investment Funds
... high reputation amid stakeholders. Besides all this the Cayman Islands has no capital gains, income, profits, corporation or withholding taxes neither on the investment fund nor its investors. It is essential for investors in the Cayman Islands business, prior to making an investment, to seek advice on the applicable taxes and legislation of the countries where they are tax residents. In this...
Path: BlogBitcoin and its possible impact on insurance
...ulations, global payments and other financial transactions are easier, and a lot more affordable than traditional international banking systems where fees still need to be paid and transactions may take time to be completed. 3. **Cost** – Small businesses may prefer bitcoins since there is no credit card fee that they would have to pay the bank. Online stores from across the world could also ...
Path: BlogPolymath CEO Trevor Koverko on smart investing, secret societies, and security tokens
... compliantly and correctly.” In the US at least, STOs will in the most part be open to accredited investors what are his thoughts on this? He doesn’t like it very much. “Is it fair that only rich people are allowed to invest in exciting new businesses? I personally don’t think that’s fair. I think that these rules need to be updated. Just because you have money doesn’t mean you’re...
Path: BlogThe government of Zimbabwe is willing to treat bitcoin same way Switzerland does
...k they are investing in and understanding Bitcoin.”* At the same time the RBZ has taken an increasingly cautious position regarding the cryptocurrency, in May of 2018 it prohibited all internal banking institutions from servicing cryptocurrency businesses in a way similar to India and Iran. Zimbabwe is still facing cash difficulties following political commotion for many years of economic ...
Path: BlogLolli: how legit is the customer loyalty program that rewards users in bitcoin
...a huge success. So much so that they were eventually bought out by another competitor. Creators Alex Adelman and Matt Senter decided that that wasn’t going to be the end of the road for them, however. Only this time, they would need to build a business with the latest tech in mind. And that, as you may suspect, falls firmly in the lap of blockchain. **Where Did the Name Come From?** Al...
Path: BlogFresh breath of air for innovative financial services in Labuan
... supports innovative financial services (IFS)** such as fintech and assists Labuan entities in case of providing related to fintech activities. LFSA expressed its interest in attracting “Innovative Financial Services” to the region including businesses involved in distributed ledger technology and cryptocurrencies as it stated in “Circular on Innovative Financial Services in the Labuan...
Path: BlogThe Cook Islands first licensed online foreign exchange money changer
... (FSC) is a local financial regulator which, as of July 2003, replaced the former Off-shore Financial Services Commission. It is worth pointing out that all money changer’s and remittance licenses are issued under the Money-changing and Remittance business Act 2009. The money changer’s and remittance license allows a company to conduct **money changing business**. However, it is highly impo...
Path: BlogThe new identification system for Australian directors
The Government of Australia is moving towards improving the efficiency of Australian business and the accountability of directors running businesses by implementing special identification numbers for directors. Proposed law amends the Corporations Act and the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI) to initiate a **director identification number (DIN) requirement*...
Path: BlogNew anti-money laundering rules for crypto exchanges in Norway
**Norway Financial Supervision Authority (FSA) recently announced new requirements for virtual currency exchange providers and businesses that create, store and maintain cryptographic keys.** New money laundering rules shall come into force as of October 15, 2018, and will focus on reporting companies established in Norway, including branches of foreign companies. Also, the new requirements wi...
Path: BlogTierion: utilizing the bitcoin blockchain to verify documents
... led by Wayne Vaughan and Jason Bukowski. Its exceptional growth was largely due to following a different strategy than its competition as well as a few key platform features. Tierion’s developers didn’t enter the market attempting to convert businesses over to new blockchain-based systems. Instead, developers focused on enhancing the systems currently in place and making it as easy as poss...
Path: BlogCryptocurrency: what are your options?
Since its development in 2009, cryptocurrency has been in the financial space as both a threat and an innovation to the business and economic scene. Budget investors have been swayed by the virtual monetary device that offers anonymity, easy international transactions, and feasibility as an investment instrument. Its familiarity has bred numerous investors in the market. Their rising number ha...
Path: BlogVanuatu Dealer's in Securities License
... As of 8 January 2019, Amendments of Financial Dealers Licensing Act came in force, dividing Principal’s license into Class A, Class B or Class C Principal’s License. Class A Principal’s License: means to carry on or purport to carry on the business of dealing in any of the following securities: debenture stocks; or loan stock, bonds; or certificate of deposit; or proceeds of ...
Path: LicensingAndorra Limited Liability Company (SL) Formation
...al holding regime, and double tax agreements with most reputable European jurisdictions. The most common forms of legal entities are a Limited Liability Company or “Societat Limitada” (SL), which is usually preferred by small and medium-sized businesses, and Anonymous Limited Liability Company or “Societat Anonima” (SA), which is meant for large businesses with multiple shareholders and...
Path: CompaniesWorldwide Trademark registration
... trademark registration and to apply for protection in up to 114 countries.Timeframe 6-9 months (if no one claims rights to the same or similar trademark) Overview In order to use the Madrid System, the person must have personal or business connection to one of the System’s members. In other words, person must be domiciled in, have industrial or commercial establishment in, or ...
Path: LicensingCyprus Limited Liability Company Formation
... up capital: No minimum capital requirement Overview Located in the Eastern Mediterranean, the island of Cyprus is conveniently situated at the hub of three continents; Europe, Asia and Africa. Cyprus is an important European business hub providing major advantages to foreign investors such as a low tax haven, a stable economy and a welcoming territory for any type of inves...
Path: CompaniesRAK ICC or Ajman Offshore Company Incorporation
... United Arab Emirates (UAE) is located in the Western Asia and has ranked as 9th in the top of the World’s richest countries. At the same time, UAE is included in the top that lists the most convenient countries where to establish and maintain the business. Being in such an enviable position, UAE has introduced the 0-corporate income tax zone, which makes it even more attractive place for both n...
Path: CompaniesAlfa Bank Account Opening
...other ancillary services to corporate and retail customers. Alfa Bank is a subsidiary of the Russian Alfa Bank and is a member of ABH Holdings S.A., represented in Russia, Ukraine, Belarus and the Netherlands. Alfa Bank has an impeccable business reputation and has been operating since 1994, being the first Russian bank in Kazakhstan.Payment processing options MasterCard, Visa ...
Path: BanksCzech Republic Limited Liability Company Formation (s.r.o)
...nded to set-up an s.r.o with a minimum of CZK 1,000 Overview Czech Republic is a member country of European Union located in its center with developed infrastructure and services. Czech Republic has stable political system supporting business activities and potentially low employees’ salary. It is one of the top locations in Europe to open up a business. Czech Republic attract...
Path: CompaniesSaint Kitts and Nevis Limited Liability Company (LLC) Formation
...y structure At least one shareholder (can be legal person, no nationality restrictions) At least one director (can be legal person, no nationality restrictions) Taxation Corporate tax –0% * * In case if transactions or business operations are not carried out in Saint Kitts and Nevis. Other benefits No annual reporting, financial or accounting requirements, b...
Path: CompaniesMalta Private Limited Company Formation
...ts Submission of the application and documents to the Registry Bank account opening for deposit of capital* Incorporation of the company *The speed of bank account opening process 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 pa...
Path: CompaniesWorldwide Patent registration
... which is considered valid in all contracting states of the PCT, and therefore is easier and more cost-efficient than both Direct and Paris Route filings. In order to use the benefits of Paris Convention and PCT, the inventor must have personal or business connection to one of the member states. In other words, person must be domiciled in, have industrial or commercial establishment in, or be ci...
Path: LicensingLimited Liability GmbH in Germany
...weeks + delivery time for the courier Minimum capital requirement: €25,000 (50% minimum to be paid up) Overview Germany is the biggest economy in the EU and one of the biggest economy in the world, it has excellent business advantages including its economic performance, government efficiency, business efficiency and infrastructure. Advantages of ...
Path: CompaniesPoland Limited Liability Company Formation
... around 2-3 weeks Minimum capital requirement: PLN 5,000 (approx. 1,200 EUR) Overview Polish Limited Liability Company — Sp. z o.o. (spółka z ograniczona odpowiedzialnością) is a very popular form of doing business in Poland or investing in Poland by foreigners. Director of a Polish company may be a foreigner, and you may choose employees of business for...
Path: CompaniesPanama Offshore IBC Formation
...n Company structure Minimum one shareholder Minimum three directors A Panama Corporation needs to also appoint three officers, a President, a Secretary and a Treasurer Taxation If a Panama Corporation conducts its business outside of Panama, it is exempt from all local taxes including income tax, capital gain tax, dividend tax, and stamp duty on transfer of corp...
Path: CompaniesAuthorised Company in Mauritius
...the courier Minimum paid up capital: US$ 1 Overview As of 1st January 2019, the Mauritius Financial Services Commission (FSC) has introduced a new “Authorised Company Regime”, which replaced the Category 2 Global business (GBC2) regime. An “Authorised Company” is a company conducting its business activities, as well as holding its effective management, outs...
Path: CompaniesCryptocurrency Exchange License in El Salvador
...s and ordinary income. However, any other taxes and government fees can be paid with cryptocurrency. In addition, the process of obtaining a crypto license in El Salvador is not too difficult, and the government supports investors by providing loyal business regulations. El Salvador Cryptocurrency Exchange License is authorized to: trade or exchange digital assets for...
Path: LicensingMacau Offshore Commercial Company (OCC) Formation
...y one director (no restrictions on the nationality and residency, natural persons or corporate entities may be appointed as directors) Taxation OCC is completely tax exempt on all profits as long as they do not use MOP currency, do not do business with local residents or other local companies No capital gains tax, sales tax, stamp duty, inheritance tax, or gift tax Other benefits...
Path: CompaniesWorldwide Design registration
...p the international legal framework for industrial designs, managed by WIPO: Hague Agreement; Locarno Agreement; Paris Convention; WIPO Convention. In order to use the benefits of WIPO Convention, the applicant must have personal or business connection to a treaty which is a party to the WIPO Convention. In other words, person must be domiciled in, have industrial or commercial es...
Path: LicensingBulgaria Accounting Services
...s considered to have a favourable tax regime as it has one of the lowest Corporate Income Tax rates in the European Union.Description Bulgaria is favorable to companies not only of the favorable tax regime, but also of low costs of doing business and great access to different markets. Due to its locations Bulgaria provides a direct access to European Union, Turkey, CIS, Middle East and...
Path: AccountingLithuania Payment Institutions License
...bsp;EUR 125,000.00 Three major advantages for the payment processing companies to be licensed in Lithuania in order to provide financial services in Europe (EU/EEA area are): Lithuanian regulatory approach is much more flexible and business-oriented comparing to other European jurisdictions. Lithuanian financial license is fully passportable to all other EU member-states accor...
Path: LicensingScotland Limited Partnership Formation
...corporation: 3 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Scotland is the northern section of the United Kingdom that is leading global financial and business centre and an important jurisdiction for international tax planning. The UK is known internationally as a jurisdiction with a standard level ...
Path: CompaniesUnited Arab Emirates Accounting Services
...a new tax legislation. Now the companies in the UAE and all its 7 emirates have to consider VAT payments in their daily operations. Moreover, the companies need to deal with quarterly VAT submissions as well. Also, as there is a need for businesses in The United Arab Emirates to submit audited statements, the company needs to prepare their Financial accounts according the upheld report...
Path: AccountingEuro Pacific Bank Account Opening
...oans, credit cards, trade finance etc.) are not offered and instead, the Bank focuses on offering transactional banking and investment services, which are superior to those of others in the industry. One of the key facets of the Bank’s business model is the notion of full-reserve banking. Euro Pacific takes a unique approach to banking by maintaining a 100% ratio of reserves to depos...
Path: BanksEuro Pacific Bank Account Opening
...oans, credit cards, trade finance etc.) are not offered and instead, the Bank focuses on offering transactional banking and investment services, which are superior to those of others in the industry. One of the key facets of the Bank’s business model is the notion of full-reserve banking. Euro Pacific takes a unique approach to banking by maintaining a 100% ratio of reserves to depos...
Path: BanksLabuan Audit Services
...t report should be submitted not later than 3 months after the financial year or a penalty will be imposed. Services We provide audit assistance services. Trusting us with the numbers will give you more free time to grow your business. Our services comprise the following: Statutory audit of annual or interim financial statements in accordance with local st...
Path: AccountingBoslil Bank Account Opening
...isfies the requirements of reputable professional advisors, intermediaries and clients - a stable social, economic and political system, strong regulatory environment, a diverse range of financial services including the registration of international business companies (IBCs) and much more.Payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus plea...
Path: BanksBulgaria Audit Services
...red to have a favourable tax regime as it has one of the lowest Corporate Income Tax rates in the European Union.Description Bulgaria is favorable to companies not only because of the convenient tax regime, but also of low costs of doing business and great access to different markets. The Bulgarian Accountancy Act requires that financial statements of those entities meeting...
Path: AccountingHong Kong Accounting Services
...sion in Hong Kong) to carry out an audit of the financial statements of the company. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense Accounting team would ensure both that you meet your reporting requirements and that you are compliant with the local legisl...
Path: AccountingIsle of Man Limited Liability Company Formation
... Directors' details – are part of the public record, if you wish to avoid it then please request a nominee service Taxation Corporate income tax rate of 10% applies to the following sources of income only: income arising from banking business carried on by banks. Income arising from sources which do not constitute banking business is chargeable at the general 0% rate; and income ...
Path: CompaniesHong Kong Audit Services
...s, the auditors are required to comply with the code of ethics, particularly the independence requirements. Services We provide audit assistance services. Trusting us with the numbers will give you more free time to grow your business. Our services comprise the following: Statutory audit of annual or interim financial statements in accordance with local st...
Path: AccountingLabuan Accounting Services
...s are allowed to adopt any accepted international accounting standards including issued Financial Reporting Standards (FRS) issued by Malaysian Accounting Standard Board (MASB). In the Federal Territory of Labuan need to report to Labuan FSA of your business activities. The IRB deadline to submit your corporate tax is 31st of May, of which you should send your accounts for audit by March, this wou...
Path: AccountingSt. Vincent and the Grenadines LLC Company Formation
...lands are Bequia, Mustique, Canouan and Union Island. The legal system is based on British legal system including appeals to the Privy Council based in the United Kingdom. A St. Vincent IBC is a tax free vehicle for undertaking a wide range of business and investment opportunities under the jurisdiction of St. Vincent and the Grenadines, characterised by robust asset protection and some of t...
Path: CompaniesUnited Kingdom Limited Company Formation
...a high rating and a standard level of taxation. It is a member of the EU, UN, NATO and other international organisations. The economy of the UK is amongst the five largest in Europe. The capital is London which is one of the leading financial and business centres of the world. Whilst the UK is a country with a standard level of taxation, British companies are widely used in practice as a veh...
Path: CompaniesBoslil Bank Account Opening
...isfies the requirements of reputable professional advisors, intermediaries and clients - a stable social, economic and political system, strong regulatory environment, a diverse range of financial services including the registration of international business companies (IBCs) and much more.Payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus plea...
Path: BanksGibraltar Accounting Services
... factors of economic growth in Gibraltar can be attributed to general trade, the provision of financial services and communications (including e-gaming), tourism and maritime activities.The companies of Gibraltar can also be thankful for the ease of business account opening. Some other convenient features that allows the country to stand out on international market are: The...
Path: AccountingSwitzerland Limited Liability Company Formation
...are Swiss forms of corporation with limited liability. A careful design of corporate structure using a Swiss company can achieve substantial tax savings. Swiss GmbH is exempt from all taxation if structured as Holding company. If regular business activities are conducted the Federal taxes apply with 7,83%. In any case Swiss companies underline accounting and auditing requir...
Path: CompaniesUruguay Limited Liability Company Formation
...s + delivery time for the courier Minimum share capital requirement: $1.00 USD Overview Uruguay is an independent republic in South America. Limited Liability Company in Uruguay is better suited for conducting global business outside of Uruguay’s borders to avoid all taxation which is the main advantage for non-resident entrepreneurs.General information Compan...
Path: CompaniesHong Kong Limited Company Formation
... Hong Kong together with London, New York and Tokyo is acknowledged to be one of the highest respected financial centres in the world. It is one of the world's busiest cities and its efficiency as a financial centre and as a hub for transacting business in Asia is world-renowned. Hong Kong is the leading Asian centre for both finance and commerce and ranks as the world's thi...
Path: CompaniesNew Zealand Forex License
...Foreign currency exchange Recently, the Financial Markets Authority or FMA and the Registrar of Companies have implemented New significant requirements for a licensee to have a mandatory local office and to be actually physically present at the business address. In other words, physical office with an employee is required and it must be the place of carrying out commercial activity. In order ...
Path: LicensingHong Kong Type 9 (Asset Management) License
...the Type 9 regulated activity for which they are licensed. Every executive director who is an individual must be approved by the SFC as a RO. There must in all cases be at least one RO resident in Hong Kong available at all times to supervise the business. The same individual may be appointed to be a responsible officer for more than one regulated activity provided that he is fit and proper to ...
Path: LicensingPublic Bank Berhad Account Opening
...a offering financial services in Malaysia as well as the Asia-Pacific region.Account opening: 7-14 working days Overview: Public Bank Berhad provides various commercial banking and related financial services to individual and business customers in Malaysia and internationally. It offers savings, current, fixed deposit, and foreign currency accounts; and financing for workin...
Path: BanksDeltec Bank Account Opening
...f the oldest, most stable democracies in the Western Hemisphere, with more than 280 years of uninterrupted parliamentary democracy. Conveniently located in the same time zone as New York and Miami, The Bahamas is an ideal location for investment and business. Headquartered in The Bahamas, Deltec is an independent financial services group that delivers bespoke solutions to meet clients’ unique...
Path: BanksDeltec Bank Account Opening
...f the oldest, most stable democracies in the Western Hemisphere, with more than 280 years of uninterrupted parliamentary democracy. Conveniently located in the same time zone as New York and Miami, The Bahamas is an ideal location for investment and business. Headquartered in The Bahamas, Deltec is an independent financial services group that delivers bespoke solutions to meet clients’ unique...
Path: BanksGibraltar Crypto License
... requirement is mandated for obtaining a Distributed Ledger Technology (DLT) license in Gibraltar. However, the Gibraltar Financial Services Commission (GFSC) expects companies to demonstrate financial stability and sufficient capital to cover their business operations and potential risks Overview Gibraltar offers an attractive environment for cryptocurrency companies, featuring low...
Path: LicensingRaiffeisenbank Bank Account Opening
...ng savings, insurance and leasing.Account opening: 7-14 working days Overview: According to total assets over CZK 300 billion, the bank is 5th largest in the market. Raiffeisenbank serves clients at more than 120 branches and business client centres throughout Czech Republic. The bank also provides services of specialized mortgage centres, personal, corporate and business a...
Path: BanksCuracao Gambling License
...e companies must, in principle, be focused on trading with or providing services to non-residents of Curaçao. The turnover generated through trading with or providing services to residents of Curaçao may not exceed 25% of the turnover per item. If business is conducted with residents of Curaçao, the company generally has to file a request with the competent authorities. If permission is granted...
Path: LicensingMaybank Account Opening
...ion for 2015.Account opening: 7-14 working days Overview: Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 45,000 employees In Malaysia, Maybank operates consumer, business and corporate banking as well as private banking services, through a network of 393 branch offices and more than 2,500 automated teller machi...
Path: BanksUK Crypto License
..., fostering a supportive environment for service providers while protecting consumers and ensuring financial stability.General information Company structure A minimum of one shareholder is required to establish a crypto business in the UK. The shareholder can be an individual or a corporate entity. At least one director is necessary, and this director must be a resi...
Path: LicensingPublic Bank Berhad Account Opening
...a offering financial services in Malaysia as well as the Asia-Pacific region.Account opening: 7-14 working days Overview: Public Bank Berhad provides various commercial banking and related financial services to individual and business customers in Malaysia and internationally. It offers savings, current, fixed deposit, and foreign currency accounts; and financing for workin...
Path: BanksLPB Bank Account Opening
...ces for private and corporate customers in Latvia, EU member states, and internationally.Account opening: 7-14 working days Overview: One of LPB bank's priorities is the safekeeping and protection of its own and its Customers business reputation, by eliminating the involvement of the Bank in money-laundering and terrorism financing. That is why the Bank, on a re...
Path: BanksBritish Virgin Islands Forex License
...tion is submitted to the Regulating authority, they will decide on the required capital, usually it is in the range of 100,000.00 – 250,000.00 USD. Non-refundable licence application fee payable to the FSC: USD$ 1,000 Initial Investment business Licence fee payable to the FSC: USD$ 1,500 (NB: if licensed after June 30th this is reduced to US$750) Overview The Br...
Path: LicensingBelize Money Transmission License
...mpany registration quickly. To satisfy the expectations of sophisticated investors around the globe Belize now provides a full bundle of investment vehicles. Due to such expansion of services Belize has become a more attractive place for starting business. For aforementioned reasons this Central American country has become a “one stop shop” jurisdiction. Money Transmission License enable...
Path: LicensingLPB Bank Account Opening
...ces for private and corporate customers in Latvia, EU member states, and internationally.Account opening: 7-14 working days Overview: One of LPB bank's priorities is the safekeeping and protection of its own and its Customers business reputation, by eliminating the involvement of the Bank in money-laundering and terrorism financing. That is why the Bank, on a re...
Path: BanksCosta Rica Gambling License
...undering policy. Some benefits of Online Gambling Company: No public records (anonymity); Highest level of privacy protection; Legal tax exemption; No accounting requirements; No requirements on professional or financial standing; business can be conducted internationally General information Company structure Minimum one shareholder (can be a legal entity or natural pe...
Path: LicensingBelize Forex License
...vices Commission of Belize (IFSC). To satisfy the expectations of sophisticated investors around the globe Belize now provides a full bundle of investment vehicles. Due to such expansion of services, Belize is now an attractive place for starting business. For aforementioned reasons this Central American country has become a “one stop shop” jurisdiction. However, recent changes (in 2016)...
Path: LicensingMaybank Account Opening
...on for 2015.Account opening: 7-14 working days Overview: Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 45,000 employees. In Malaysia, Maybank operates consumer, business and corporate banking as well as private banking services, through a network of 393 branch offices and more than 2,500 automated teller machi...
Path: BanksAfrAsia Bank Account Opening
...s in 2007, in Mauritius. Today the Bank has subsidiaries in Mauritius, with representative offices in Cape Town and Johannesburg. Besides providing Private Banking & Personal Banking the bank focuses on Corporate & Investment Banking, Global business Solutions and Treasury. The corporate philosophy is to be the reference point for Corporate and Investment Banking, Private Banking and Globa...
Path: BanksCzech Republic small PSP License
...lder) Notarized Criminal Records (of each Director and Shareholder) Tax declaration (if the shareholder is a natural person) Audited financial statements for 3-5 years (if the shareholder is a corporate entity) Anti-Money laundering Policy business Plan In case If a corporate entity is used as a Shareholder: Passport of an Authorized Person for the body Corporate Utility Bil...
Path: LicensingLuxembourg Investment Fund License
...sport - CV - Declaration of honor - Extract from criminal records Duly completed questionnaire form Other documents requested by the Authority, such as the following: - Prospectus - The Risk Management Process - The business Plan
Path: LicensingCzech Republic small Electronic Money Institution License
...lder) Notarized Criminal Records (of each Director and Shareholder) Tax declaration (if the shareholder is a natural person) Audited financial statements for 3-5 years (if the shareholder is a corporate entity) Anti-Money laundering Policy business Plan In case If a corporate entity is used as a Shareholder: Passport of an Authorized Person for the body Corporate Utility Bil...
Path: LicensingCzech Republic PSP License
...lder) Notarized Criminal Records (of each Director and Shareholder) Tax declaration (if the shareholder is a natural person) Audited financial statements for 3-5 years (if the shareholder is a corporate entity) Anti-Money laundering Policy business Plan In case If a corporate entity is used as a Shareholder: Passport of an Authorized Person for the body Corporate Utility Bil...
Path: LicensingSwitzerland Crypto License
...ards cryptocurrency regulations.Incorporation: around 3 months + delivery time for the courier Minimum paid up capital: 100,000 CHF Overview Clearly, Switzerland is not the cheapest of jurisdictions in which to establish a new business, but it does have many substantial advantages which make it more attractive than other countries for family-owned companies and cross-border ...
Path: LicensingGibraltar Gambling License
...ation & obtaining license: within 6 months Minimum paid up capital: is set on case-by-case basis Overview The Gibraltar online gambling license enables any company to freely enter the European market with their business, to develop it, and also to forge partnerships with new major partners. Some benefits of Online Gambling License in Gibraltar: Compa...
Path: LicensingAlfa Bank Account Opening
...other ancillary services to corporate and retail customers. Alfa Bank is a subsidiary of the Russian Alfa Bank and is a member of ABH Holdings S.A., represented in Russia, Ukraine, Belarus and the Netherlands. Alfa Bank has an impeccable business reputation and has been operating since 1994, being the first Russian bank in Kazakhstan.Payment processing options MasterCard, Visa ...
Path: BanksFidelity Asia Bank Account Opening
... by the Labuan Offshore Financial Services Authority of Malaysia.Account opening: 7-14 working days Overview: Fab Banking offers a lifelong partnership dedicated to giving banking solutions that will work in time to help your business succeed. FAB seeks to drive trade and investments between the thriving and resource-hungry Asian economies and the resource-rich ...
Path: BanksLabuan Investment Banking License
...t least three years of good track record and regulated by an authority in their home country Labuan investment banks are not allowed to accept deposits. Benefits Strategic location of Labuan to capture the Asia Pacific especially Asian businesses Excellent infrastructure, regulation and amenities of the Labuan IBFC Labuan is a “white” listed jurisdiction, endorses the bilater...
Path: LicensingAfrAsia Bank Account Opening
...s in 2007, in Mauritius. Today the Bank has subsidiaries in Mauritius, with representative offices in Cape Town and Johannesburg. Besides providing Private Banking & Personal Banking the bank focuses on Corporate & Investment Banking, Global business Solutions and Treasury. The corporate philosophy is to be the reference point for Corporate and Investment Banking, Private Banking and Globa...
Path: BanksRaiffeisenbank Bank Account Opening
...ng savings, insurance and leasing.Account opening: 7-14 working days Overview: According to total assets over CZK 300 billion, the bank is 5th largest in the market. Raiffeisenbank serves clients at more than 120 branches and business client centres throughout Czech Republic. The bank also provides services of specialized mortgage centres, personal, corporate and business a...
Path: BanksBahamas Payment Services Provider License
...an application for the Central Bank’s formal approval, all applicants must contact the Payments Unit of the Research Department to discuss their applications. ** Outsourcing Agreements may provide the necessary additional people to run a proper business.In order to obtain a license, the following steps will be carried out: Application for reservation of company name Preparation and su...
Path: LicensingHong Kong Type 3 (Leveraged Foreign Exchange Trading) License
...contracts. An applicant for a Type 3 license is required to submit the appropriate application to the Commission. Benefits of Hong Kong licensed corporation: Stability and reputation English is an official language, as well as the main business language No Corporate Income Tax on foreign sourced income; No withholding tax on interest, dividends and royalty No requirement to mai...
Path: LicensingBahamas Dealing in Securities License
...o the public.Timeframe: within 6 months Minimum capital requirement: Investment Dealer and Agent – USD 300 000 Investment Agent –USD 120 000 Overview No company may carry on or has purpose to carry on securities business in or from the Bahamas unless that company is duly registered with the Securities Commission of the Bahamas (hereinafter Commission). The abo...
Path: LicensingGeorgia Payment Service Provider Authorization (PSP)
...nstruments remittances issuing electronic money executing payment transactions Benefits of Georgia PSP authorization: Incorporation of a company can be done within a week Company is exempt from corporate tax if at least 90% of its business activities are held outside of Georgia Company is exempt from capital duty Beneficial location of the country itself – connects Europe ...
Path: LicensingNew Zealand Asset Management License
... New Zealand Financial Service Provider’s license is required to file respective application to the Financial Markets Authority or FMA. Under current regulations, representatives of the FMA shall conduct an inspection of the registered place of business in order to determine if these are genuine working premises. This means that local office with at least one employee are required and this mu...
Path: LicensingCzech Republic Electronic Money License
...ocedures may be prescribed by the FMS: Original documents that proof of source of capital Shareholder – physical person – tax declarations Corporate entity – audited financial statements for 3-5 years Anti-Money laundering Policy business Plan In case If a corporate entity is used as a Shareholder: Passport of an Authorized Person of the legal entity (to be certified...
Path: LicensingFidelity Asia Bank Account Opening
... by the Labuan Offshore Financial Services Authority of Malaysia.Account opening: 7-14 working days Overview: Fab Banking offers a lifelong partnership dedicated to giving banking solutions that will work in time to help your business succeed. FAB seeks to drive trade and investments between the thriving and resource-hungry Asian economies and the resource-rich ...
Path: Banks