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Old ways won’t open the new doors
...lle. The government bond is $10.000 USD and set-up fees match those of the Vanuatu. The only and major difference is that there is a requirement to have a local office. However, this can be outsourced and used wisely. **Mauritius** enjoys proper due diligence and reputation of a compliant offshore, at the same time offers great banking facilities in the jurisdiction itself. The company apart f...
Path: BlogCyprus passport - new regulations and more demanding requirements
...prus in exchange for investments.** The new rules that came into force as of May 15, among others, include the following requirements: • Schengen visa issued by EEU Country; • Temporary residence permit in the Republic of Cyprus; • due diligence of candidates and the origin of their funds, which they intend to invest in the Republic of Cyprus; • Payment of mandatory contribu...
Path: BlogStarting an international business. To offshore or not to offshore?
...ope of business to be moved abroad. You can choose the offshore country to be the most reliable, safe and to defer your taxes and incomes legally and profitably. The very important preparation part of setting up an offshore business is to perform due diligence. Offshorelicense can help you not only with legal research, but also with technical and financial parts of preparation, which makes us a...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...hin the jurisdiction, although there is no requirement for directors or shareholders to be residents. 8. What are the AML/CFT requirements for crypto businesses in SVG? Crypto businesses must implement robust AML/CFT policies, including customer due diligence, transaction monitoring, politically exposed person (PEP) screening, and reporting of suspicious activities. 9. How can a crypto lice...
Path: BlogComprehensive Guide to Opening an Offshore Company in Seychelles
...ion documents for directors and shareholders. Some banks may also require a business plan and proof of address. 4. Application Process The application process for opening a bank account involves submitting the required documents and undergoing due diligence checks. The bank will review the application and, upon approval, open the account. 5. Benefits of a Seychelles Bank Account Having...
Path: BlogCySEC Requires to Follow Recently Introduced FATF’s Policies
...aragraph 17 of the CySEC’s Directive for the prevention and suppression of money laundering and terrorist financing when implementing appropriate measures and procedures on a risk-based approach, and on implementing the customer identification and due diligence procedures. Offshorelicenese team are ready to assist our clients to acquire ready-made CySEC licensed company or apply for the Cypru...
Path: BlogCySEC Enhancement of Procedures Regarding Safeguarding of Client Funds
...review of the credit institutions and banks authorised in a third country, where the funds are placed and the arrangements for the holding of those funds and take into consideration the need for diversification of these funds as part of the required due diligence. CIFs can maintain merchant accounts with payment service providers (PSPs) and electronic funds institutions (EMIs) for clearing and...
Path: BlogHow political unrest affects cryptocurrency?
...the price to plummet. Analysts assert that when political drama is taking place in states with relatively stable economies and currencies, the effects of political events are not greatly impacting the crypto markets. International investigator and due diligence expert L. Burke Files expressed the opinion that events in countries with troubled economies could have a remarkable impact on the price...
Path: BlogHong Kong introduced new rules for Virtual Asset Fund Managers
...censed Hong Kong’s financial institutions. The document also emphasizes the importance of sufficient human and technical resources, as well as the experience of the virtual asset manager. Such duties as fund management, operations, compliance, due diligence, risk management, audit should be performed by qualified and experienced persons. Also, under the de minimis requirement, virtual fu...
Path: BlogCORPORATE FINANCE AND BUSINESS ADVISORY
...st 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 of ownership and sale of business. Feasib...
Path: AdditionalPakistan is planning to regulate crypto business
...istering as EMIs will be required to follow a range of compliance measures.** Among other things, they will have to comply with capital requirements, endure the examination of executives, undertake protection of users’ funds and implement customer due diligence, including storing personal details in particular name, ID card number, address and phone number. The Financial Action Task Force, a ...
Path: BlogHerding in the most volatile market in decades
...ransactions and thus volume or is an increase in transactions causing movement in price. If one is to find herding in a financial market that would mean that price causes the movement in volume and thus market participants are not doing their own due diligence and are favouring to make trades based upon the movement in price. This would suggest that market participants are not doing their ho...
Path: BlogIs your business being sued? Here's what you can do
... **Check your insurance coverage.** A lawsuit entails court fees, legal fees, and costs for investigation; and this can be financially draining for a business. Your insurance company may pay or at least assist you in paying for your defense. Take due diligence in checking your old and new policies, and discuss the matter with your lawyer and insurance agent in order for them to help you find ou...
Path: BlogList of ICOs to watch in June
...jects to get 100% of their ICO goals. ANT, the global artificial project has not specified any goals for its ICO. We have analyzed the legal side of the above-mentioned projects. Below you can find a short description regarding the **preliminary due diligence of an ICO project**, i.e. aspects that, among other things, should be inspected. First of all, you should (I) check the team, their ...
Path: BlogSwitzerland is going to amend anti-money laundering law
...ced preparation of a consultation draft to deal with the recommendations, at the same time reinforcing the integrity of the Swiss Financial center. As a result of the above, the Swiss Government proposed the following changes: i. The **updated due diligence requirements** for certain services regarding the establishment, management, or administration of companies and trusts. Activities for o...
Path: BlogNew securities policies from Bahamas Regulator
Recently, **three new securities policies were announced** by the Securities Commission of Bahamas (SCB) which will affect different aspects of securities laws. The following documents were published on the Commission official website: (i) **due diligence Refresher Policy**; (ii) **Reclassification and Downgrade of an Unrestricted Investment Fund Administrator License**; (iii) **Regulatory C...
Path: BlogFinancial Business Innovations in The Cayman Islands
...inancial 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 complicated due diligence while working with chosen countries. Government considers ones in the whitelist as territories that have anti-money laundering policies ...
Path: BlogMauritius has announced new regulatory framework for security token offering
...ature of STOs. Also, every STO project is obliged to inform its clients of the risks they would face and the fact that they are not protected by any statutory compensation arrangements. Every issuer raising funds through STO's shall conduct suitable due diligence of its project, team and the rights and obligations regarding the assets backing the tokens. As you may see, the Mauritius regulator ...
Path: BlogGeorgia Payment Service Provider Authorization (PSP)
... In case the shareholder is a company, it is required to provide: Certified true copy certificate of incorporation Register of shareholders Copy of the last annual/financial return Apostilled Certificate of Good Standing Additional due diligence may be prescribed by Financial Services Commission*: Original documents that prove the source of capital *All docu...
Path: LicensingAustralia Crypto License
... Operational Policies: Documents outlining internal policies and procedures for business operations and compliance. Risk Management Framework: Detailed risk management strategy, including processes for identifying and mitigating risks. Customer due diligence Procedures: Documentation of procedures for customer verification and ongoing monitoring. Licensing Fee Payment Proof: Receipt or proo...
Path: LicensingSeychelles Securities Dealer License
...) In case the shareholder is a company, it is required to provide: Certified true copy certificate of registration List of shareholders Copy of the last annual/financial return Apostilled Certificate of Good Standing Additional due diligence may be prescribed by Financial Services Commission*: Original documents that proof of source of capital All documentation sha...
Path: LicensingCzech Republic small PSP License
...onal Bank License application In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents. For that reason, please provide us with the following documents. due diligence on all directors/shareholders (holding 10% of shares and more): Notarized copy of valid passport of each Director (2 sets) Notar...
Path: LicensingCzech Republic small Electronic Money Institution License
...onal Bank License application In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents. For that reason, please provide us with the following documents. due diligence on all directors/shareholders (holding 10% of shares and more): Notarized copy of valid passport of each Director (2 sets) Notar...
Path: LicensingCzech Republic PSP License
...onal Bank License application In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents. For that reason, please provide us with the following documents. due diligence on all directors/shareholders (holding 10% of shares and more): Notarized copy of valid passport of each Director (2 sets) Notar...
Path: LicensingJapan Virtual Currency Exchange Provider’s License
...regated management of money, Virtual currency deposited by users; Information technology system risk management List and description of virtual currencies offered Contract forms for execution of virtual currency exchange business Additional due diligence may be prescribed by Financial Services Commission: Original documents that prove source of capital N.B. If documents a...
Path: LicensingBahamas Dealing in Securities License
...y to appoint the Authorized Person to act on behalf of the Company (to be certified true copy by the Company Secretary) Resolution of the Company to invest in the Bahamas Company (to be certified true copy by the Company Secretary) Additional due diligence may be prescribed by the Commission*: Original documents that prove source of capital Business plan AML manual and policy ...
Path: LicensingBritish Virgin Islands Forex License
...en foreign language is used for company name the translation must be provided to Registrar which will ensure conformity to above listed restrictions. In order to obtain a license, the following steps will be carried out: Gathering of personal due diligence documents Preparation of statutory declarations and application forms Submission of the application to the BVI FSC Custom-drafting...
Path: LicensingEl Salvador Online Gambling Company Formation
...d In case the shareholder is a company, it is required to provide: Certified true copy certificate of registration List of shareholders Copy of the last annual/financial return Apostilled Certificate of Good Standing Additional due diligence may be prescribed by Government Authorities*: Original documents that prove source of capital All documentation shall be prov...
Path: LicensingCzech Republic Electronic Money License
...onal Bank License application In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents. For that reason, please provide us with the following documents. due diligence on all directors/shareholders (holding 10% of shares and more): Notarized copy of valid passport Notarized copy of proof of addr...
Path: LicensingUK Crypto License
...an: Strategies for customer acquisition and retention. Company Structure: Information on corporate structure and outsourcing arrangements. IT Systems: Details of IT security policies and procedures. Customer Onboarding: Procedures for customer due diligence and enhanced due diligence. Transaction Monitoring: Processes for monitoring and reporting transactions. Record Keeping: Documentati...
Path: LicensingBelize Money Transmission License
...any name the translation may be asked by Registrar to ensure conformity to above listed restrictions. In order to obtain a license, the following steps will be carried out: Gathering and preparation of all of the documents, including those of due diligence. Belize company registration with paid up capital of $75.000. This requires a specific company with over 50 000 shares. Preparation ...
Path: LicensingBelize Forex License
...any name the translation may be asked by Registrar to ensure conformity to above listed restrictions. In order to obtain a license, the following steps will be carried out: Gathering and preparation of all of the documents, including those of due diligence. Belize company registration with paid up capital of $500.000. This requires a specific company with over 100 000 shares. This is not ...
Path: LicensingMalta Private Limited Company Formation
...zation of application and documents 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 ...
Path: CompaniesAndorra Limited Liability Company (SL) Formation
...uest to the government for the foreign investment authorization Approval of foreign investment by the Authority Public deed. To incorporate the company, the public deed of incorporation is made before an Andorran notary Preparation of required due diligence Initiation of incorporation process after the preferred company name is approved to be available Preparation of application for bank...
Path: CompaniesEstonia Private Limited Liability Company (Osaühing or OÜ) Formation
...tor can perform his duties without receiving actual salary. Initial steps Requesting preferable company names from the side of client; Checking the availability of selected Company names using Estonian and EU databases; Gathering required due diligence from the client; Issuing the invoice for our services after the preferred Company name is approved to be available. ...
Path: CompaniesIreland Private Limited Company Formation
...ection to local, state or national government are generally prohibited Initial steps Requesting preferable company names from the side of client; Checking the availability of selected Company names; Gathering required due diligence from the client; Issuing the invoice for our services after the preferred Company name is approved to be available. ...
Path: Companies