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Seychelles Securities Dealer License

Dealers in Securities license allows the company to trade in securities as a principal or as an agent. Seychelles Financial Services Authority is the body that regulates the licensing in Seychelles under the Securities Act 2007 and its Regulations. Therefore, the relevant Authority is able to issue the Dealers in Securities license either Unrestricted, Restricted and Exempt Overseas.Timeframe: wi...

Path: Licensing
Lithuania Payment Institutions License

...tion may perform services such as money remittances, payment transactions, cash deposit and cash withdrawal services, and other closely related to those services. However, a payment institution may not accept deposits from unprofessional market participants and issue electronic money.Timeframe: 6-9 months from the date when the application is lodged with the Bank of Lithuania Minimum paid capit...

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Bahamas Dealing in Securities License

Bahamas Dealing in security license authorizes a company to act as intermediary in the execution of securities transactions for clients, and trade in securities as principal with the intention of reselling these securities to the public.Timeframe: within 6 months Minimum capital requirement:  Investment Dealer and Agent – USD 300 000 Investment Agent –USD 120 000 ...

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The great step towards China

...ingly attractive to Western businesses across a variety of industries. In order to grasp this opportunity, the team of Offshorelicense Ltd gathered the knowledge, experience and resources marking 2017 as the beginning of establishment of long-term reciprocal cooperation based on transparency and win-win solutions. Fr om September 9th to 11th the Offshorelicense Ltd participated in the 19th Inte...

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The evolution of Forex in the 21st century

...sformed the FX market by bringing online banking, the Single European Act, the UK’s Big Bang Movement, and, person-to-person Forex trading. Owing to FinTech, Forex market became available not only to a few brokers but to everyone who wants to participate in trading. Policy change It is no surprise that policy change has always had a significant impact on the foreign exchange market. It’...

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Attempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule

...set service providers” (VASPs) — including crypto exchanges and custodial wallet providers — to disclose customer information when facilitating a trade of $1,000 or higher. This requirement requests information covers both the sender’s and recipient’s name, geographical address and account details. The United States is charged with the conception of the FATF guidance after basing the ...

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Negative effects for Payment Service and E-money Institutions in case of no-deal Brexit

...hich is responsible for upholding Single Euro Payments Area (SEPA), posits three possible outcomes: 1. The UK remains in the European Economic Area (EEA). This would keep the UK adapted with the EU legal framework, enabling it to uphold its participation in SEPA. 2. The UK leaves the EU and EEA but activates a free trade agreement. This would have the “functional equivalence” of the EU...

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What is the reason behind the suspension of ePayments operations?

...peculations about the actual reason behind the freeze. One assumption is that because the electronic money institution remains one of the largest processors for “high-risk” industries which traditional banks tend to avoid. Many industry participants view that ePayments’ connection to a crypto exchange called Digital Securities Exchange (DSX) could possibly lead to suspension of operation...

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Cambodia will launch a central bank digital currency

...any. The company Soramitsu has developed a system that supports any type and number of currencies, including crypto. As explained by the Central Bank’s director-general Chea Serey, **the central bank digital currency (CBDC) will bring all participants in Cambodia’s payment space under the same platform which allows end-users to settle the payments easily regardless of the institutions they...

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The UN warns on North Korean Crypto Conference

... as accused of sanctions law violation. The recent indictment demonstrates that attending the event can lead to serious consequences, especially for US citizens. The crypto conference will take place in North Korea on 22-29 of February. The participation fee is 3,300 euro per person according to the event’s website and includes sightseeing, entertainment, conferences, and business meetings. ...

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Local cryptocurrency could soon be used in Japanese regions

... token is temporary and was created just for the testing period, the railway company Kintetsu Shimakaze has ambitious plans for cryptocurrency. It wants to develop a permanent digital coin for use along its railways. If you want to become a participant of the trial – hurry up. The coin will be destroyed upon the completion of testing and no refund is entailed. Read our blog to keep abreas...

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The BRICS countries discuss the launch of the new cryptocurrency and unified payment system

...S countries are considering alternative technologies to minimize the power of the SWIFT system. It is quite likely that the Russian Financial Message Transfer System (SPFS) might be connected to the Chinese international system of interbank payments cipS. Read our blog to keep abreast of all actual and interesting technology news.

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New Legal Framework for Forex and CFD Brokers in Bahamas

...ions 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 with the law. A...

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Russia adopting three-tier cryptocurrency regulation

...-tier approach to regulate digital currencies proposed by Russia’s Finance Ministry will see the light as early as on November 1st. Russia’s customized approach will facilitate crypto handling for companies, traders, investors and other participants of the digital sphere. As the three-tier regulation provides separate rules for each type of crypto assets, it will be easier to clarify the r...

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Hong Kong introduced new rules for Virtual Asset Fund Managers

...alified and experienced persons. Also, under the de minimis requirement, virtual fund managers should only allow professional investors to invest in any virtual asset portfolios. The newly-introduced regulation also outlines the rules on participation in Initial Offerings (ICOs). It explains that virtual asset managers have to ensure the fair allocation of tokens purchased and provide recor...

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Crypto aspirations: North Korea is holding cryptocurrency conferences

...her top engineers, economic experts, and the highest government officials to discuss opportunities that the crypto world can bring to the regime**. Despite North Korea is always associated with strict confidentiality, all who are willing to participate in the conference can apply (upon pre-approval, of course). As the conference is international, restrictions have been softened: internet acces...

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SWIFT facilitates instant cross-border payments

...utions. During the trials and testings, the new service has shown the results that are more than satisfying. The best result was achieved by Singapore’s Fast And Secure Transfers (FAST) – the fastest payment was delivered in 13 seconds. Participants of this trial, including 17 banks located in seven different countries, were able to settle payments between all continents within 25 seconds....

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Possible Effects of Bitcoin Halving

...50%, rising from $0.38 to a $5.16. **One of the most popular beliefs in cryptocurrency circles about halving events is that they are great for the price of Bitcoin, in particular, the halving will cause the Bitcoin price to explode.** This principle arises from the fact that cutting the mining reward in half contributes to greater scarcity of BTC as the number of users on the networks contin...

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Forex Markets Related Regulations After Pandemic

... regulatory changes before the final quarter of this year, as MiFID II is currently in its third year of implementation. The European Commission published an impact assessment on MiFID II in February 2020 as well as invited feedback from market participants on various aspects. The feedback phase closed on the 18th of May 2020. However, the Commission does not expect to propose any new rules before...

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Covid-19 Effect on Growing Number of Crypto Related Scams

According to a report from blockchain forensics company cipherTrace losses from cryptocurrency crimes netted 1.4 billion USD in the first five months of 2020. This could be the second-highest value in losses linked to cryptocurrency crimes compering to 2019 when crypto crimes proceeds surged to 4.52 billion USD, up 160 percent from 2018’s total of 1.74 billion USD. As a result, 2019 and 2020 ar...

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UK FCA issued clarifications of cryptocurrency regulations

...cope of FCA, except in cases when they meet the definition of electronic money and fall within a new category of e-money tokens. The FCA stated: *"Any token that is not a security token, or an e-money token is unregulated. However, market participants should note certain activities that use tokens may nevertheless be regulated, for example, when used to facilitate regulated payments"* Mar...

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CySEC Requires to Follow Recently Introduced FATF’s Policies

...de and economic disruption. It has also led to an increase in pandemic-related crimes, including fraud, cybercrime, misdirection or exploitation of government funds or international financial assistance, which is creating number of bad industry participants. Using information provided to the members of the FATF Global Network, the FATF released a Paper, which identifies challenges, good practi...

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Why do you need to protect your company's brand in modern world?

... every entrepreneur knows that branding is more than a bright logo and a catchy name or slogan. Having company’s philosophy that connects with customer 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 incorpora...

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Germany Introduces Draft Bill on Blockchain-Based Digital Securities

...itionally, if the legal framework is established, the procedure would be eligible for digitizing stocks or investment funds. The intentions of institutions is clear - embrace and leverage blockchain technology. Germany is the major influential participant in the EU and naturally, it wants to take a significant role in the new paradigm of digital securities and the blooming decentralized finance s...

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First Digital Securities Exchange Approved by Financial Conduct Authority

...ology. This not only modernises and simplifies the capital raising process via disintermediation and removing frictions, but also helps facilitate liquidity in assets that are currently hard to trade. Digital securities also enable democratised participation through genuine fractional ownership and the creation of global secondary markets. The FCA’s authorisation covers three main areas: Mult...

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CFTC Warns More Than 20 Forex Brands

... not mean that the CFTC or a court has concluded that a violation of any provision of the Commodity Exchange Act or the Commission’s Regulations has occurred. However, investors should be cautious of unregistered firms or individuals when participating in products or markets that historically have seen a large number of fraud complaints. These include binary options, forex, digital currencie...

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Local Swiss Authority Planning to Accept Taxes in Cryptocurrency

...n offers low corporate taxes for all companies and has been accepting Bitcoin payments for certain government services since 2016, making it an attractive destination for crypto entrepreneurs. Zug even held Switzerland’s first blockchain-based municipal ballot in a test in 2018 and piloted a digital identity project using the technology in 2019. The ability of the canton to nurture small upco...

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New requirements for Lithuania and UK EMIs

..., will not be implemented in the UK. As the Financial Conduct Authority (FCA) will not be considered as a part of the European Securities and Market Authority (ESMA) post Brexit, there is not a mandatory obligation for the UK to introduce 6 AMLD principles. On the other side, Lithuania EMIs which are licensed and regulated under the Central Bank of Lithuanian and is a part of the EESMA and is o...

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Hong Kong Securities and Futures Commission changing its previous "opt-in" approach

...eate successful environment to enjoy the benefits of innovation, but at the same time tackle the risks to investors which some financial technologies give rise to. New framework is clearly in the public interest to enable investors to choose to participate in properly regulated virtual asset trading platforms. The approach by the regulator is also welcomed by market players in the region. Previ...

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Japan and South Africa are to set new crypto regulations

...ary regulators, the Bank of Japan is currently working on a central bank digital currency (CBDC), and the proposed regulations on the crypto industry will only complement those actions. The new unit of the FSA, which was launched on July 8, is anticipated to oversee the ‘decentralized finance’ platforms, which is the industry that is being seen as the real disruptor of the traditional financ...

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Five Fundamental Changes in FinTech from FCA

...ly Shepperd has been appointed as the new Executive Director for Authorization of the FCA. he was ordered to hire an additional 100 new employees to get more productive and better jobs. **More intervention and tougher supervision** The FCA anticipates intervening more often in real-time to prevent any harm to consumers and market integrity. You should expect more supervisory and enforcement ...

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

...ercise of control in crypto-assets; • Initial Coin Offerings (ICO), Security Token Offerings (STO), Initial Exchange Offerings (IEO), Initial Dex Offerings (IDO); • All initial offerings, offerings and/or sale of crypto assets; • Participation and/or provision of financial services related to the distribution, offering and/or sale of crypto assets. Such financial services cover: ...

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Vanuatu is Willing to Move Its Financial Dealers Onshore

...ublic’s ascendance as a top-tier financial industry. Since the 2010, Vanuatu has significantly upgraded its regulatory and monitoring systems, as well as its legal framework, arising them on par with global standards. The country is an active participant in all major global initiatives in the fight against tax evasion, money laundering and the financing of terrorism, and a willing adherent to th...

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FINMA provides guidelines on "stablecoin"

...stablecoins’, and not the holder of the ‘stable coin’. Without meeting such condition, the payment system license would not be granted to the applicant. Payment systems in Switzerland adhere to international standards prescribed in the Principles for Financial Market Infrastructures (PFMI) and, beyond that, PFMI also cover cyber risks management. As any other Swiss payment system, ...

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Legalization of Cryptocurrencies in Russia

...g 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 considered in the State Duma, which seeks to ban the use of bitcoin and o...

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FINRA grants extended deadlines for companies to report their crypto activities

...ommunication with members open on this important topic."* The list of crypto-related activities that FINRA outlined for its members to report include: • purchases and sales carried out with cryptocurrencies; • creation, management or participation of a crypto exchange, fund or derivatives product; • participation in an ICO or Pre-ICO; • facilitating the clearing or distribution of...

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Cayman acknowledged as a top offshore financial center

...their places and the Bahamas even moved 22 places up. **GFCI is a ranking that is very important** for offshore jurisdictions. It functions since 2007 and more than 15,000 professional respondents have taken part in the analysis. This is why participating in GFCI means a lot for financial services centers.

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Mauritius Global Business Category 1 (GBC1)

...s Double Taxation Avoidance Treaties** which Mauritius signed with other jurisdictions. Reason for this is that a GBC1 formation is developed, for tax purposes, to be resident in Mauritius. A business unit retaining a GBC1 license are able to participate any activity starting from simple investment holding, fund management, insurance to other non-banking financial services. Recently the legis...

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Dubai International Financial Center is planning to launch the world's first blockchain court

... – for instance, the settlement of financial transactions – to cross-border trades, public management, and even elections. Amna Al Owais, Chief Executive & Registrar, DIFC Courts, stated: *“This taskforce is in line with our guiding principle to deliver courts as a service, powered by technology and extended through cooperation agreements and alliances. By harnessing blockchain techno...

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Coinbase was approved by SEC to list security tokens

...eemed-securities){._blank}, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have officially authorized Coinbase to move forward with the purchase of Keystone Capital after over a month of anticipation. With the SEC supervision **Coinbase will be able to list blockchain-based securities**, a term which will likely include all initial coin...

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The grand taxpayer data swap is approaching

Considerable increase in number of states participating in the **Convention on Mutual Administrative Assistance in Tax Matters** caused a huge impact on the number of countries that will automatically conduct financial account information exchange in September 2018. The abovementioned **Convention is the main multinational instrument for the exchange of information related to tax matters**, ...

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Spanish internal collaboration on blockchain project

...it possible to improve efficiency and save resources for this type of processes**. Distributed ledged technology may also increase the security and traceability of routine processes. Based on the results of cooperation CNMV, along with other participants, have decided to continue exploring the possible applications of blockchain in its processes and to proceed further with the project. Give...

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Choosing Business Structure for a Singapore Company

...nd the misuse of public funds. • Public Company Limited by Guarantee: Contrary to a Public Limited Company and a Private Limited Company, this type of company is set up for non-profitable purposes. It is a public company formed based on the principle of limiting the liability to the amount that members contribute to the assets of the company. This formation is common with non-profit organizat...

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New beneficial owner policy in British Virgin Islands

... Eastern Caribbean Supreme Court is the initiator of these changes. Statistics shows that around 40 percent of companies registered in British Virgin Islands are owned by Asians, mostly Chinese and Hong Kong citizens. Information for seminar participants contained of the main point. After beneficial ownership information is changed, company must notify its registered agent within 15 days. If th...

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Cayman Investment Funds

...on the applicable taxes and legislation of the countries where they are tax residents. In this case Offshorelicense will become your reliable advisor and help to choose the most appropriate Cayman fund. What is an “Investment Fund”? **The principle legislation in the Cayman Islands concerning open-ended investment funds is the Mutual Funds Law (MFL).** A mutual fund is any company, trust or...

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Gibraltar protects its sovereignty during the Brexit negotiations

...UK and Gibraltar claim to support interstate relations between three of them. As we already mentioned in previous articles, Spain had its claims for the Gibraltar territory. Even though Spain still considers their right to veto Gibraltar’s participation in this deal, sovereignty claims should all be dropped. The decision is still not taken but Spanish representatives released all claims consi...

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Usage of artificial intelligence for financial institutions in Singapore

...ical use of technology itself. Right now, big corporations are not limited by legal requirements, but by the end of this year The Monetary Authority of Singapore promises to release the abovementioned guidelines. Guidelines will contain basic principles and practical recommendations for financial institutions that use AI solutions. Data collection, analytics and use guidance will be available t...

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How to store your crypto with the less tax consequences

...ct to the seven percent Goods and Services Tax. At the same time, in Hong Kong, cryptocurrencies are defined as virtual commodities that are not taxed as goods, but any profit made in trading shall be treated as income. According to the basic principle of decentralization, cryptocurrencies stand out for national legal frameworks. You can buy it whenever you want, they are listed on internationa...

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Gaming Bill in Malta. One gaming law for all.

Maltese Parliamentary Secretary for Financial Services, Digital Economy, and Innovation, Silvio Schembri made an announcement that was of utmost importance for companies and individuals who participate in the **gaming industry of Malta**. Nowadays the regulatory situation of this industry is as follows: different laws, contradictory documents, guidelines and directives. What will change? The Par...

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Gibraltar and Hong Kong plan to work together on the fintech sectors development

...legal regulation for the distributed ledger technology (DLT)**, which is the foundation of most Fintech projects. As of now authorities of both countries will be able to start working 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 worki...

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Post-Brexit UK markets access for Gibraltar

...ave been announced between the UK and Gibraltar? First, students obtaining higher education degrees will have some fee status for both countries. There should be mutual agreements concluded on such students rights. Second, according to the current reciprocal arrangement, sick people from Gibraltar can get elective treatment in the UK hospitals. These rules are valid and the citizens can use them f...

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How blockchain will combat bias in news reporting

...ve the goal of creating news outlets that are driven by journalistic integrity rather than revenues. With no central control over publication, members of the community manage promotion and censorship if something breaches guidelines. Network participants use their tokens to cast votes on content published on the networks. The news networks, therefore, self-govern in a similar way to Steemit. ...

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LEGALIZATION

...ion by the Ministry of Justice and Public Order, that all signatures on a local public document are valid, in countries outside the country of residence. All countries in The Hague Convention of 5th October 1961, accept Apostille. Countries not participating in The Hague Convention, need legalization of documents through the Embassy or the Consulate of the country of destination. Certification ...

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Lolli: how legit is the customer loyalty program that rewards users in bitcoin

... called Lolli thinks so and is paving the way for a new cryptocurrency cashback model. Or perhaps it should be coined the new bitcoinback model? Either way, users of the service will receive rewards in Bitcoin when shopping at one of Lolli’s participating online retailers. The founders are no strangers to the online retail world and previously established Cosmic Cart, a so-called “universa...

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Omega Dark, the first regulated dark pool in digital assets is launched

...on-Brander stated: *"Dark pools matter so much for crypto because they act as a central warehouse for liquidity, and connect the broad array of fragmented exchanges and OTC desks across the globe into a single hub. In turn, Omega Dark allows participants to cheaply and discreetly balance liquidity against each other and against market makers and hedge funds, creating a win-win for everyone."* ...

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Cyprus banks overdid it with risk prevention tactics

...sociation (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 the local economy, as anticipated by the president of CFA. The very foundation of International Business in Cyprus is now at risk. **Recent directives of the Central Bank o...

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New legislation of Jersey will allow to form Limited Liability Company

...of the benefits they can provide in terms of tax transparency. With that in mind, we are confident that the Jersey LLC can provide an attractive proposition for US-based hedge fund managers, particularly in operating master-feeder structures. We anticipate strong growth in this area, whilst we also believe the LLC can be a really positive addition to our suite of vehicles more widely to enable bet...

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Australia adopted a new product intervention law

...uct intervention powers will affect the financial products offered to the retail sector and are likely to be implemented at the beginning of 2021.** The ASIC is now empowered to contemplate what kind of restrictions it will impose on the market participants. The changes caused by the new regulatory framework are similar to those already adopted in the EU, Japan, and the US. Taking into account ...

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Cyprus passport - new regulations and more demanding requirements

...s to foreign citizens came into force on 15 of May 2019**. According to the Insider, for those candidates, who have already signed real estate purchase contracts but have yet to collect all of the required documents, the government did allow to participate in the program in accordance with old requirements. These investors may submit documents, compliant with old requirements, till July 15. **I...

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Russians Are Actively Buying Property In Cyprus

The recent changes into the Cyprus Investment Program (cip) rushed Russian citizens to buy immovables on the island. Demand analysis in the first quarter of the year shown 40.43% upsurge. Amendments to the cip were announced in February and entered into force on 15 May 2019. At the current time, in addition to a standard investment in the amount of € 2 million, the Cyprus authorities do ...

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UK government has stopped tax data exchange with Russian Federation

...ies or accounts of individuals who are not residents of the country. Tax authorities, in turn, transmit received information to a relevant authority of the country that is assigned for the exchange. According to the CRS standards, countries participating in the exchange have the right not to exchange data with a particular state if there is a reason to believe that confidentiality of informati...

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Financial conduct authority of the UK has banned binary options for private investors

...2018, the **FCA enforced a temporary ban on trading binary options for the retail segment. As was expected, this restriction will now remain permanent in force.** This decision, adopted by the regulator, did not come as a big surprise to market participants. The FCA’s rules, in general, are the same as the European Securities and Markets Authority’s (ESMA) temporary restrictions regarding b...

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Russian Tax Authority has received data on foreign accounts and assets of its citizens in 58 countries

...velopment (OECD) global plan to combat tax evasion and illegal profit withdrawal schemes. The FTS has been receiving data about foreign accounts of Russian taxpayers since September 2018. Currently there are 75 countries and 13 territories that participate in the automatic exchange. These reports disclose the name, account number, balance, annual turnover, investment income, earnings from sales of...

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SEC representative "hopes" Bitcoin ETF will be approved

... inability to prevent fraud and market manipulation. Analyzing this situation, Roll Call Jackson said that was an easy case but the risk of manipulation along with harm to investors was too high. He also added: *“I’m happy to say market participants have begun to come in with ideas. Whether or not we’re going to find one that really protects investors I don’t know, but I do know that t...

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Attention! As of January 2019, amendments to Vanuatu Financial Dealers Licensing Act came into force

...r 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 Principal’s License and Class C Principal’s License. A person intending to conduct business dealing with each type of s...

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Attention! New guidelines for crypto holders were announced by the UK Tax Agency

...e, than its definition. HMRC stated that the guideline takes into account the taxation of exchange tokens (like Ethereum or Bitcoin) and does not particularly treat utility or security tokens. For utility and security tokens it provides basic principles. The report goes into details, explaining to UK residents how and when their possessions or related transactions might be classified. It say...

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Offshore jurisdictions introduce strict requirements for tax residents

...e same acts should be adopted by governmental authorities of BVI and other Overseas territories. In December of last year, the Council of European Union published a “gray” list of more than 40 tax regimes that do not fully comply with the principles of fair and transparent taxation. Some of the countries were included as it was possible for offshore companies (structures) to generate a prof...

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Herding in the most volatile market in decades

In finance and economics, there is a branch called behavioural finance, which tries to theorize, research, and document the human emotional aspect and behaviour of financial participants. Behavioural finance suggests psychologically based theories to try to explain deviations in price. One of the most powerful techniques used in an economist’s arsenal in understanding the behaviour in market...

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What is coin selection and why does it matter?

...ence, they are potentially worth far more in years to come. At least, assuming the price of BTC goes up. As my grandmother used to say, take care of the pennies, and the pounds will take care of themselves. Pounds refers to sterling, but the principle also stands for dollars – and your Bitcoins. By Sarah Rothrie [Primary article source](https://coincentral.com/what-is-coin-selection-an...

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Estonian Cryptocurrency Exchange License

...y be used at the beginning or end of the company’s name N.B. Restricted connections for company name: name of state and local government bodies and agencies. The words “riigi” [state], “linna” [city] and “valla” [rural municipality], and other words which refer to the participation of a local government may be used in the business name of a company only if the state or l...

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Belize Money Transmission License

...Society Anonyme, Sociedad Anonima or Aktiengesellschaft. Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered. N.B. Restricted connections for company name: name of state, national or local government. Any name that implies illega...

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British Virgin Islands Forex License

...orated, Society Anonyme, Sociedad Anonima Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal N.B. Restricted connections for company name: name of state, national or local government. Any name that implies illegal activity o...

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Labuan Fund Management License

...ncorporated in Labuan must precede it.  Corporate names cannot include the following words without additional government permits or licenses: Bank, Building Society, Insurance, Assurance, Reinsurance, Chamber of Commerce, University, Municipal or their foreign language equivalents. In order to obtain Labuan Fund Management License, the following steps will be carried out Prepa...

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Hong Kong Type 9 (Asset Management) License

... to be licensed representative accredited to the licensed corporation (LRs). For the purpose of obtaining a license, an Applicant Company will need to appoint at least two such individuals as responsible officers (ROs). ROs are LRs who actively participate in or directly supervise the regulated activity to be conducted by the application corporation. At least one RO must be an executive director o...

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Gibraltar Distributed Ledger Technology Provider’s License

...nths Minimum paid up capital: is set on case-by-case basis Overview HM Government of Gibraltar in January 2018 introduces an appropriate legislation to provide an efficient and safe regulatory framework for companies that participate in business activities not otherwise subject to regulation and that use DLT for the transmission or storage of value belonging to others, such ...

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Labuan Token License

...L)" to denote that the company is incorporated in Labuan Names Requiring Consent or a Licence: Bank, buildings society, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents N.B. Restricted connections for company name: name of state, national or local government. An...

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Cayman Islands Securities Investment Fund License

...n, please provide us with the following documents. For each beneficial owner, shareholder, director, authorized signatory: Certified list of names, addresses and nationalities of company’s directors and corporate officers Details of principal office in Cayman Islands Bank reference letter 2 (two) character reference letters 1 (one) reference verifying good financial standing &...

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Vanuatu International Bank License

...individual directors (at least 1 director must be a resident of Vanuatu) At least 1 employee that will have a day-to-day knowledge of the international banking business conducted by the licensee and sufficient authority within the licensee to participate in the management of that day-today international banking business Taxation 0% income tax, or any other direct or indirect tax or im...

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Fiji Foreign Exchange Dealer License

...the company) Recent copy of proof of address in English (ex. utility bill of each Director and Shareholder) Bank reference Letter (of each Director and Shareholder) (Optional) CV (of each Director and Shareholder) Character references of Principal Officer from the previous employers Certified true likeness passport photos of the shareholders and directors (minimum 3 copies) Certified t...

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El Salvador Online Gambling Company Formation

...alvador is a Limited Liability Company (LLC). It is important to note, that corporate income tax rate in El Salvador is 30%, and applies to the total amount of the company’s revenues. However corporate income tax is based on the territorial principle, and, in general, is paid on goods located, activities realized, and capital invested in El Salvador as well as on services provided in the coun...

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Hong Kong Type 3 (Leveraged Foreign Exchange Trading) License

...es indicating that company in any way is related to Central People’s Government or any other department or agency will not normally be approved The following names require prior approval: Trust, Trustee, Savings, Building Society, Municipal, Chamber of Commerce, Cooperative, Tourist Association, Kaifong, Mass Transit, Underground Railway In order to obta...

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Labuan Investment Banking License

...tax info Access to more than 70 double tax agreements with Malaysia 100% ownership is permissible General information Company structure At lest 2 directors (with banking background) that meet the fit & proper person criteria; Principal Officer (can be one of the Director); Compliance Officer (independent from the Board of Director); At least 3 local employees Taxation ...

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Vanuatu Dealer's in Securities License

...overnment bond of approx. USD 50 000 is used. Overview 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 principals and many smaller islands. To obtain a license it is required to incorporate a company. This process is comparatively fast. Vanuatu offer...

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Switzerland Crypto License

...eral meeting within 6 months from its financial year-end. Meeting should take place in Switzerland, can only be held physically. Attendance by videoconference, teleconference, or circular letter is not permitted. Alternatively, shareholders can participate by proxy. Electronic signature - Permitted In order to obtain a license, the following steps will be carried out: ...

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Netherlands Audit Services

...ers meeting, or in case of default by the supervisory board or the managing board. The auditors’ report must include the following points: whether the financial statements provide information in accordance with the accounting principles generally accepted in the Netherlands and are an accurate representation of the financial position and result for the year. A proper judgement ...

Path: Accounting
Belize Forex License

... Society Anonyme, Sociedad Anonima or Aktiengesellschaft Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered N.B. Restricted connections for company name: name of state, national or local government. Any name that implies illegal...

Path: Licensing
Ireland Private Limited Company Formation

...sh speaking jurisdiction; Excellent international corporate image; EU and Eurozone member; Low corporate taxes with a universal rate of 12.5%; Extensive network of double taxation treaties; Ideal for international Joint Ventures where participants are willing to incorporate in a neutral state; Low banking fees and wide range of services including merchant accounts available. Repor...

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Mauritius Global Business License (GBL) & Investment Dealer License

...and Global Business License (GBL) under the Financial Services Act. A Full-Service Dealer (excluding underwriting) is authorized to: act as an intermediary in the execution of securities transactions for clients trade in securities as principal with the intention of reselling these securities to the public Main benefits Mauritius Company portrays a good image to your Clients ...

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Labuan International Business Company Formation

...addition, a foreign company incorporated under the laws of another country may also apply to be registered as being continued in Labuan. Every offshore company may be a company limited by shares or by guarantee. The abovementioned companies may participate in the offshore activities and enjoy the attractive tax treatment provided under the Labuan Offshore Business Activity Tax Act 1990. Amendments...

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Hong Kong Limited Company Formation

...ce: Asset management, Assurance, Authority, Bank, Building Society, Bureau Federation, Chamber of Commerce, Chartered, Commission, Co-operative, Council, Department, Fund Management, Government, Insurance, Investment Fund, Kaifong, Mass Transit, Municipal, Re-Insurance, Royal, Savings, Tourist Association, Trust, Trustee, Underground Railway N.B. Restricted connections for company name:...

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

...l end with suffixes or their abbreviations:r.o Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal N.B. Restricted connections for company name: name of state, national or local government. Any name that implies illegal activ...

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Vanuatu International Business Company Formation

...capital: No minimum capital requirement   Overview 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 feature...

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St. Vincent and the Grenadines LLC Company Formation

...LC” Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, royal, asset management, chartered, Chamber of Commerce, university, municipal or their foreign language equivalents. N.B. Restricted connections for company name: name of state, national or local government. A...

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Antigua and Barbuda International Business Company Formation

... Society Anonyme, Sociedad Anonima or Aktiengesellschaft Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered N.B. Restricted connections for company name: name of state, national or local government. Any name that implies illegal...

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Belize International Business Company Formation

...ated, Society Anonyme, Sociedad Anonima or Aktiengesellschaft Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered N.B. Restricted connections for company name: name of state, national or local government. Any name that implies il...

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St.Lucia International Business Company Formation

...oration, Incorporated, Societe Anonyme, Sociedad Anonima Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered N.B. Restricted connections for company name: name of state, national or local government. Any name that implies illegal...

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Seychelles International Business Company (IBC) Formation

... variety of other suffixes such as BV, GmbH, and SARL may also be used Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trusts, Trustee, Savings, Royal, Asset Management, Funds, Foundation, Building Society, Municipal, Chartered, Finance, Healthcare, Pharmaceutical, Leasing, Lease, Forex, Broker, Brokerage, Gaming N.B. Restricted connections for com...

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USA Delaware Limited Liability Company Formation

...ords: Bank, Trust, Insurance, Reinsurance Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal N.B. Restricted connections for company name: name of state, national or local government. Any name that implies illegal activ...

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Curacao Gambling License

...ea within Curaçao in which, amongst others, international trade and trade supportive services may be performed by, but not limited to, electronic communication and information equipment ("e-commerce"). The activities of these 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 service...

Path: Licensing
United Kingdom Limited Company Formation

..., Ireland or Irish – (if the words are used as a suffix, they are normally allowed) Names Requiring Consent or a Licence: assurance, bank, benevolent, building society, Chamber of Commerce, fund management, insurance, investment fund, loans, municipal, reinsurance, savings, trust, trustees, university N.B. The initials GB or UK do not require approval. ’European’ - will not be...

Path: Companies
United Kingdom Limited Liability Partnership Formation

..., Ireland or Irish – (if the words are used as a suffix, they are normally allowed) Names Requiring Consent or a Licence: assurance, bank, benevolent, building society, Chamber of Commerce, fund management, insurance, investment fund, loans, municipal, reinsurance, savings, trust, trustees, university N.B. The initials GB or UK do not require approval. ’European’ - will not be...

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Netherlands Limited Liability Company (LLC) Formation

...e rate on taxable profits derived from these intangible assets. The effective tax rate of the innovation box is 5%. The innovation box is applicable if at least 30% of the profits have been originated by the patent. There are no provincial or municipal corporate income taxes in the Netherlands. In the Netherlands, corporate residence is determined by each corporation’s facts and circumstances...

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Switzerland Limited Liability Company Formation

...iss 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 requirements. The GmbH is in principle subject to audit.General information Company structure IMPORTANT: At least one director must be a resident of Switzerland. Minimum nu...

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Saint Kitts and Nevis Limited Liability Company (LLC) Formation

...st end with such sufixes or their abbreviations: Limited Liability Company, LLC, L.L.C., LC, L.C. Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Savings, Fund Management, Investment Fund, Building Society, Municipal, Loans, Chamber of Commerce, University or their foreign equivalents. N.B. Any name that implies illegal activity or implies royal or...

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Limited Liability GmbH in Germany

... Commerce that the company is unique Draft the company agreement Notarization of all founding documents for banks, the internal revenue office, etc. Open a bank account for the business, remit the stock capital Register the GmbH with the municipal trade office Request a tax identification number from the tax office/authorities Have the notary register the company Please provide us wit...

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Authorised Company in Mauritius

... name Language: Any Letters: from Latin alphabet Names Requiring Consent or a Licence: Bank, buildings society, insurance, assurance, reinsurance, funds, trust, trustees, finance, savings, royal, asset management, foundation, municipal, chartered, healthcare, gaming, brokerage, broker, forex, lease, leasing, pharmaceutical N.B. Company name is restricted to be identi...

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Labuan Money Broking License

...L)" to denote that the company is incorporated in Labuan. Names Requiring Consent or a Licence: Bank, building society, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents. N.B. Restricted connections for company name: name of state, national or local government. A...

Path: Licensing
British Virgin Islands International Business Company Formation

...orated, Society Anonyme, Sociedad Anonima Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal N.B. Restricted connections for company name: name of state, national or local government. Any name that implies illegal activity o...

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