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Restrictions, 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
By european Securities and Markets Authority (ESMA) [decision](https://www.esma.europa.eu/press-news/esma-news/esma-ceases-renewal-product-intervention-measures-relating-contracts){._blank} as of 31 July 2019, continuous temporary restrictions, imposed on the marketing, distribution or sale of contracts for differences to retail clients, affecting the market from 22 May 2018, will apply as perman...
Path: BlogLaunch of a new EU trade body - The european Digital Payments Industry Alliance
On 7 May 2020 Ingenico Group, Nets, Nexi, and Worldline announced the launch of an EU advocacy alliance bringing together europe’s leading independent payment services providers. New advocacy 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 fri...
Path: BlogLimited Liability Company in Latvia
A company in Latvia is well positioned to be an effective european tool for trade between Western and Eastern european countries.Incorporation: approx.2-3 working days + delivery tome for the courier Minimum capital requirements: EUR 2800 (where only 50% must be paid before registering) Overview A Latvian SIA (limited liability company) is a privately owned ...
Path: CompaniesBulgaria Accounting Services
Bulgaria is 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, Midd...
Path: AccountingLuxembourg Investment Fund License
Luxembourg is one of the most experienced and dynamic global investment fund centers in europe. The success of the country can be attributed to political stability, the encouragement to foreign capital and investment, favorable and well-defined legislation, availability of multilingual staff and professional expertise.Timeframe: up to 4 months Minimum capital requirements: Management comp...
Path: LicensingBulgaria Forex License
Bulgaria has a strategic location, allowing investors to access the entire EU and the markets of central and Eastern europe. Bulgaria has a predictable and stable economy and government, and boasts the lowest corporation tax in the EU at only 10%. In order to provide brokerage services it is required to become an Investment Intermediary regulated by the Financial Supervision Commission of Bulgari...
Path: LicensingLimited Liability Company in Lithuania
Lithuania is located between northern and eastern europe, and is the largest of the 3 Baltic States.Incorporation: 3 working days + delivery time for the courier Minimum shared capital: EUR 2500 Overview Modern financial infrastructure and favorable legislation makes Lithuania one of the most attractive places to investment managers targeting single european...
Path: CompaniesThe great step towards China
...bserving the substantial moves of this important player on the international stage. The challenge of China market entry has become an increasingly important one for Western companies of all shapes and sizes. Despite a complicated economic climate in europe and the United States, China’s economy has continued to grow by double-digit rates over the last couple of years deepening curiosity towards ...
Path: BlogBitcoin fortifying its positions: El Salvador, Paraguay and Beyond
...affect the future of Bitcoin usage is idea of nationally-issued cryptocurrencies, as China has been working on issuing a nationally-issued digital currency for several years; the United States is considering launching a ‘digital dollar’, and the european Union has been exploring a ‘digital euro’. Therefore, one could imagine the formation of an international digital currency exchange sy...
Path: BlogASIC’s strengthens consumer protections by reducing CFD leverage
...restrictions on selling contracts for difference (CFDs) to retail clients, saying it was still concerned about investor protection. This came after the Australian parliament granted ASIC product intervention powers, similar to those exercised by the european Securities and Markets Authority (ESMA) in 2018. The new regulations also stipulate negative account protection by ensuring that clients a...
Path: BlogDiversified reporting in no-deal Brexit scenario
The United Kingdom (UK) left the european Union (EU) on 31 January 2020. A transition period is now in place until 31 December 2020. If UK leaves the EU without an agreement (no-deal Brexit), it is important to ensure transaction reports are submitted to the correct Trade Repository (TR) and/or Approved Reporting Mechanism (ARM). At the moment there are no indications that Brexit deal will be...
Path: BlogNew requirements for Lithuania and UK EMIs
Electronic Money Institutions (EMIs) will be facing uncertainty over regulations due to post-Brexit and Sixth Anti Money Laundering Directive (6 AMLD) which provides obligations that need to be transposed by european Union Member States by the December 20th, 2020. Due to the worldwide covid-19 pandemic Brexit was postponed for few months, however currently Brexit has been brought back and is ...
Path: BlogEU and US propose legislative changes regarding digital asset industries
Recently european Union (EU) and United States (US) brought legislative changes regarding cryptocurrency industry. New set of rules for crypto industry in EU known as the Markets in Crypto-Assets (MiCA) was introduced online. The draft was introduced by european Commission and the draft legislation purpose is to provide legal clarity around cryptocurrencies (including security tokens and stabl...
Path: BlogNew 6 AMLD Compliance Conditions for EMIs
In May 2020 the european Commission put forward a series of measures designed to further strengthen the EU's framework to fight against money laundering and terrorist financing. The european Commission has introduced an action plan for a Comprehensive EU policy on Preventing Money Laundering and Terrorist Financing, a refined and more transparent methodology to identify high-risk third countries...
Path: BlogFirst Digital Securities Exchange Approved by Financial Conduct Authority
...g. Following these new conditions and right after Archax, crypto exchange Gemini, a UK based subsidiary of the New York-headquartered exchange, also received permision from the FCA to start its operations in the UK. The UK regulator added Gemini europe Limited, to its register on the same day it approved Archax. While Gemini is already operational in the UK, Archax is yet to launch its service...
Path: BlogBrand-new product - Crypto Exchange & Wallet License in Lithuania
...ions. This has become available in Lithuania in year 2020. It is important to note that the company and license setup can be both made remotely, with no requirements to travel to the country. The capital of Lithuania, Vilnius, is a well-known in europe for its developed fintech services and now received much more attention because of its crypto exchange services licensing regulations. In compa...
Path: BlogForex Markets Related Regulations After Pandemic
... collected and how they decide which firms and individuals are allowed to operate and how these firms are supervised. FCA ensure that unacceptable firms and individuals are stopped and removed from the regulated sector as quickly as possible. The european Securities and Markets Authority (ESMA) and other regulators have decided to extend a few upcoming reporting obligations or proposed amendmen...
Path: BlogNew Legal Framework for Forex and CFD Brokers in Bahamas
...sure the company remains in compliance with the law. Additional reporting requirements will be implemented specifically regarding CFD transactions, as well as standardized risk warnings and formats, which is similar to requirements introduced by the european Securities and Markets Authority (ESMA). Taking example from ESMA, and from other european regulators who have largely followed its lead, th...
Path: BlogAlbania is preparing a legal framework for virtual assets
...at such assets carried high levels of risk. **Currently in Albania are no law providing for the regulation, prohibition or penalty in connection with virtual assets and related services.** But to change that Albania is seeking to become the next european blockchain hub with a new set of laws that legalize the use of digital currencies. On May 21st, the Albanian parliament signed a new bill int...
Path: BlogFATF votes to greylist Malta. Global anti-financial crime watchdog advises enhanced monitoring for Malta
...ally, that confirmation is considered to be a rubber-stamping process. It is pretty clear, that the United States did not pick Malta’s side during session on 23rd of June. After approval of the vote results, Malta will be the first member of european Union to be “greylisted”. Malta’s opposition leader Bernard Grech described the decision as a "punishment for the entire nation" and...
Path: BlogMauritius is set to rise as one of the best jurisdictions for global financial services once again
...list of jurisdictions with strategic deficiencies in their approach to Anti-Money Laundering/Counter-terrorism financing policies and which are closely monitored by the international financial watchdog. This resulted in inclusion of Mauritius on the european Union Anti-Money Laundering list of high-risk third countries, the so-called “Black List”, performed by european Commission. In order ...
Path: BlogHungary is on its way to become an offshore heaven
... there. Hungary was put on the map of ‘international tax planning’ by the government’s tax modifications made in 2010. Due to experts, **the low corporate tax and the lack of several types of business taxes that companies must pay in other european state are enough to make Hungary a perfect target country for tax optimization.** Furthermore, if a company registered in the Seychelles-isla...
Path: BlogMove business wisely. What to consider when choosing offshore jurisdiction?
...ular: Cyprus, Switzerland, the UAE and other. Considering this point, it is useful to consult with international lawyer to choose the right jurisdiction for your business. Taxation is one of the main reasons why business moves offshore. Nowadays, european Union is on the way to remove obstacles for small and mid-sized business, especially in taxation sphere. Local jurisdictions all over the Eur...
Path: BlogOutbreak of Crypto Frauds Amid Coronavirus Outbreak
...ing companies that claim to focus on coronavirus-related products and services, carefully research the investment and keep in mind that investment scam artists often exploit the latest crisis to line their own pockets,” the SEC wrote. Also, the european Central Bank (ECB) sent a letter to significant institutions on the beginning of March to warn them to prepare contingency plans against thes...
Path: BlogFrom now on, Cryptocurrency Transactions are under strict AML regulation in Israel
...et saw substantial growth in 2021 as the overall market capitalization jumped by more than 250% within the first 10 months. With rising popularity, the use of digital assets in illegal financial transactions has also increased. To counter that, many european and Asian countries have introduced strict KYC and AML rules for the detection and prevention of cryptocurrencies in illegal activities. I...
Path: BlogGerman Political Parties raise discussion on implementing Regulation for Crypto Blockchain Industry
...arties in Germany made a proposal of issuing a regulatory framework for cryptocurrencies and the blockchain industry. The Social Democratic Party (SPD) published a statement on their website, which suggests strict overseeing of crypto assets by the european Union institutions. SDP’s position of Germany’s need of ‘comprehensive digital awakening’ is shared by such political parties as t...
Path: BlogEstablishing an Offshore Business: An Overview
... impossible. Economic Substance Rules: Many tax havens must now demonstrate local economic activity, or risk being blacklisted or sanctioned internationally. Blacklisting Consequences: For example, the Cayman Islands have been added to the european Union's list of non-cooperative jurisdictions, limiting access to EU funds. Hence, companies might gain more from investigating other choi...
Path: BlogMalta Private Limited Company Formation
Malta offers one of the easiest and fastest company formation procedures in europe.Incorporation: within 2 weeks Minimum paid up capital: EUR 1,165 (at least 20% must be paid-up) Advantages of Malta Private Limited Company - fast and straightforward process - non-residents can hold the shares of Malta company - Malta is the member of the EU and Eurozone -...
Path: CompaniesComert Bank Account Opening
At the moment Comertbank is a modern european bank, with management and high quality service that provides customers a secure financial support and complex. Comertbank offers a wide range of banking and financial services in Moldova, paying particular attention to advanced banking services.Account opening: 7-14 working days Overview: Special attention Comertbank dedicated ...
Path: BanksComert Bank Account Opening
At the moment Comertbank is a modern european bank, with management and high quality service that provides customers a secure financial support and complex. Comertbank offers a wide range of banking and financial services in Moldova, paying particular attention to advanced banking services.Account opening: 7-14 working days Overview: Special attention Comertbank dedicated ...
Path: BanksHSBC Hong Kong Bank Account Opening
The Hong Kong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. Established in 1865 to finance the growing trade between Asia and europe, it has become the biggest bank incorporated in Hong Kong.Account opening: 7-14 working days Overview: From the late 1950s the bank began to grow and diversify by acquiring other banks, including Hong Kong...
Path: BanksHSBC Hong Kong Bank Account Opening
The Hong Kong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. Established in 1865 to finance the growing trade between Asia and europe, it has become the biggest bank incorporated in Hong Kong.Account opening: 7-14 working days Overview: From the late 1950s the bank began to grow and diversify by acquiring other banks, including Hong Kong...
Path: BanksBulgaria 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: LicensingMalta Gambling License
Malta is part of the european Union which makes it a very attractive jurisdiction to obtain a gambling license in. It comes with tax incentives and an expert work force.Incorporation & obtaining license: 4-6 months Minimum paid up capital: Type 1 – Minimum €100,000 Type 2 – Minimum €100,000 Type 3 – Minimum €40,000 Type 4 – Minimum €40,000 Over...
Path: LicensingBulgaria Audit Services
Bulgaria is 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 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 th...
Path: AccountingImpact of New Legal Framework on Estonian Crypto Market
...tonia has become most affected country by these changes. The EU's 5th anti-money laundering directive (5AMLD) that was supposed to be fully implemented by January 2020 in all EU Member States have taken a very heavy toll on the regulators around the europe. The discussion over whether regulation is with positive impact or bad impact for the cryptocurrency industry has evolved over the past two yea...
Path: BlogHead of the Estonian Financial Watchdog Endangers Crypto License Holders
...ame under the spotlight of money laundering accusations after Danske Bank, the Denmark’s biggest lender, was charged of watching $230 billion through a tiny Estonian branch. Furthermore, northern Baltic country was among the first jurisdictions in europe to set up crypto-related licenses back in 2017. In the light of news from Estonian crypto-regulator, who has significantly increased control...
Path: BlogWill 2020 bring the volatility back to the Forex market?
...ndemic combined with the ongoing oil war between Russia and Saudi Arabia. **This Thursday US stocks saw their worst day since 1987 after falling almost 10 percent.** That was the market’s response to the US president’s ban on travelling from european countries and growing anxiety over the pandemic. **Black Monday and Thursday brought back volatility into the forex markets that remained...
Path: BlogWill Bahamas be removed from the EU tax blacklist?
On 13th of March the european Council released a decision where **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 ...
Path: BlogTop 5 crypto-friendly jurisdictions
...encies, moved to Malta. Jointly with the exchange and some other big players, the first decentralized bank is now opened in Malta. **ESTONIA** Estonia takes the top position of our list, which may seem surprising at first. Actually, Estonia is european pioneer when it comes to digitization. Needless to say, the DLT technology will not be undetected by the Estonian authorities. Estonia was...
Path: BlogPolymath CEO Trevor Koverko on smart investing, secret societies, and security tokens
...ging times, he believes that changing regulation will come. “There’s already a move to this with the Jobs Act and different exemptions that are coming out, which is encouraging. We have a global mindset too, so we don’t just look at the US and europe. It’s an open canvas and anyone can customize it for their particular situation. Not unlike Ethereum itself.” **What Other Challenges Li...
Path: BlogThe new anti-money laundering law of the Island of Man
...nt stated that the new law will enhance its anti-money laundering and countering the financing of terrorism (AML/CTF) regime. It is also worth noting, that the new legislation is prepared in accordance with recommendations made by the Council of europe's Committee of AML/CTF experts, generally known as **MONEYVAL**. With implementation of the new law, upgraded codes of conduct will be applicab...
Path: BlogNorwegian airline’s customers may be able to purchase flight tickets with bitcoin
The third largest low-cost airline in europe and the largest airline in Scandinavia will start accepting payments for flight tickets in crypto as soon as this spring. **Norwegian Air, one of the biggest airlines in europe is about to transform the aviation industry in 2020 by allowing its customers to purchase flight tickets with digital currency.** Founded in 1993, Norwegian Air is the large...
Path: BlogCayman acknowledged as a top offshore financial center
...n see Hong Kong, San Francisco and Shenzhen. However, Beijing and Zurich dropped out of the 10 best financial centers in the world. What about the drops in the ratings? Latin America and the Caribbean have lost points. The same pattern worked for european island centers too. These jurisdictions mostly fell in the rating and now are not among the most popular offshore destinations. At the same t...
Path: BlogGibraltar protects its sovereignty during the Brexit negotiations
**The UK transitional draft agreement with the EU** was published on March 19th. We have analyzed the current state of Gibraltar and prepared a short digest on the latest news. The UK Secretary of State for Exiting the european Union, David Davis, officially announced that **Gibraltar** is included in the transitional agreement. At the same time, up till 2020 EU, UK and Gibraltar claim to supp...
Path: BlogGibraltar criticizes Brexit Agreement Draft
**The european Commission** released the first **post-Brexit agreement draft** and Gibraltar’s government had great expectations of this withdrawal agreement due to its position towards the Brexit. We have already informed you on this territory’s position, where 96 percent voted against leaving the european Union. At the same time, the United Kingdom promised its overseas territory any po...
Path: BlogThe main benefits of Cyprus formation
**Cyprus is one of the top-rated countries in europe for registering companies including registration for offshore purposes. A compound of reasons, such as the advantageous tax legislation, 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...
Path: BlogSwitzerland puts a hand over supervising ICOs
February 16th became an important day for **european crypto-community**. **Switzerland** showed itself as a progressive jurisdiction and published guidelines regarding the **ICO regulation**. It was developed by The Swiss Financial Market Supervisory Authority (FINMA). Many Swiss startups has now decided to announce ICO as acceptable since it is easier than attracting investors as it was 5 - ...
Path: BlogShanghai Free Trade Zone: the updates
...er 2017. The main idea is to create a unique space in Shanghai where international and Chinese companies will be able to function according to the international standards. The Chinese government claims that the FTZ will be mostly governed by the european standards and rules. Therefore, the climate for foreign investments and innovational companies will become more attractive. Also, the great n...
Path: BlogThe Shanghai Free-Trade Zone: Development Plans
...degree of openness will only grow. Investors, traders, businessmen will all have more possibilities to operate. Also, the more innovative your activity is, the more favorable climate you will have. • The Chinese government promises to implement european legal standards of investments and management. This is made inter alia for promoting other Chinese regions to implement the same norms and st...
Path: BlogHow to Offshore: Useful Tips and Tricks from Leaked Apple Inc. Papers
...e Apple experience here? Corporations whose incomes are measured in billions dollars are obliged to keep their fingers on the pulse in the offshore field. Before the law amendments, Apple used Ireland as a tax shelter. The changes were due to the european Union’s requirements to Ireland to update tax legislation. The EU considered that drawing corporations to your country is an improper actio...
Path: Blog6 things to consider when going offshore in 2017
...s can lose their chance for success. There comes a day when you need to choose the best taxation jurisdiction or country where manufacturing expenses are the lowest. Delaware state, for example, is known as the best location for IT-business, Eastern europe - for agricultural and so on. Depending on business perspectives and goals, necessary payments can be reduced in chosen country and, as a resul...
Path: BlogWhy do they always choose Cyprus?
... offshore country. Basically, the biggest advantage of Cyprus is exactly its tax policy. It has become most popular after 2004th, when it joined the EU. After changing tax legislation, Cyprus became a country which is located the nearest from the europe and, at the same time, has the lowest tax rates, especially for corporate incoming tax. Businesses connected with royalties, finance or trading...
Path: BlogOffshore jurisdictions introduce strict requirements for tax residents
...urrently considering the respective bill in its second reading on December 17. Before the end of December, the 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. ...
Path: BlogToo old for trading
We all know that approaches to investors protection in Japan and europe are absolutely different. european brokers pay a lot of attention to the professional skills of their clients, the other aspects like age, gender remains untouched. While european Securities and Markets Authority (ESMA) banned certain products and imposed restriction on leverage, the **Japanese government has focused on the ...
Path: BlogTax storm. British Virgin Islands ceased to be a "haven" for shall companies
...ce 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, enacted the Law on Economic Presence, which entered into force on January 1, 2019.** In 2017, the Code of conduct group on the obse...
Path: BlogEU Has Amended The List Of Non-Cooperative Tax Jurisdictions
... with the said commitments: Barbados, United Arab Emirates and Marshall Islands. Another 7 countries today were moved from the ‘grey’ list to the ‘black’ list for the same reason: Aruba, Belize, Bermuda, Fiji, Oman, Vanuatu and Dominica. The european Commission will continue to monitor 34 countries remaining in the ‘grey’ list, while 25 countries from the original screening process hav...
Path: BlogNegative effects for Payment Service and E-money Institutions in case of no-deal Brexit
After more than three years since the vote took place in 2016, on January 31, 2020, **United Kingdom officially has left the european Union**. Since the official withdrawal from the bloc, the region is now in a 11 – month transition period (beginning on February 1st and ending at the end of this year on December 31st) during which the european Union and the United Kingdom will negotiate an...
Path: BlogThe evolution of Forex in the 21st century
... been accounted for the 20th century, the figure of more than 5 trillion USD seemed inconceivable. Why such figure has been reached? The answer is – FinTech. Financial technology transformed 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 bro...
Path: BlogEconomic Substance Regulations in UAE
... the states where ultimate beneficial owners or parent companies reside. Ultimately, it is up to the Regulatory Authority to decide on penalties imposed on a company. **Why regulations?** In 2019, the United Arab Emirates were removed from the european Union blacklist of non-cooperative jurisdictions. The Economic Substance Regulations have been passed to implement the commitments to improve...
Path: BlogCySEC introduces restrictions for CFD offering to retail investors
**The Cyprus Securities and Exchange Commission (CySEC) has announced new national measures that restrict the distribution, sale, and marketing of contracts for difference (CFD).** New CySEC measures are largely aligned with the ESMA (european Securities and Markets Authority) restrictions for offering CFDs to retail clients. ESMA, for its part, published an opinion concluding that measures adopt...
Path: BlogAustralian securities and investments commission proposes CFD restrictions and binary options ban
...ncy fluctuations.** The imposed restrictions are a result of the regulator's concerns about the loses that Australian retail investors have received and will continue to receive from binary options and CFDs. In the sense of CFDs, much like the european Securities and Markets Authority (ESMA), Australian Securities and Investments Commission (ASIC) has suggested several restrictions, in parti...
Path: BlogFCA will offer 30:1 margin leverage in government bonds
...ied and proportionate for CFDs referencing certain government bonds. ESMA, in turn, said that*"The proposed leverage limit would result in divergence from the leverage limits applied by product providers subject to other national measures"*. The european regulator, in this particular case, took a classic governmental position: *"The other regulators should adopt measures that are as least as s...
Path: BlogGerman regulator is planning to implement ban on binary options
**German Federal Financial Supervisory Authority (BaFin) has restated that sale, distribution and marketing of binary options to retail customers will remain prohibited in the country.** BaFin, in response to the expiry of ESMA's (european Securities and Markets Authority) temporary measure, has announced its own prohibition measures. German regulator stated that permanent ban would be in forc...
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: BlogCySEC proposes three levels of leverage for retail clients
...ENT PROTECTION According to the Head of CySEC, Demetra Kalogerou, the standards in the sphere of marketing, selling and distributing retail contracts for difference has tightened greatly. *“Temporary product intervention measures set across europe have supported CySEC’s own efforts to enhance investor protection. As this guidance is introduced into legislation alongside additional natio...
Path: BlogAustralian commision requires each and every piece of information about its brokers
... period of time since December 2017 till March 2019. Among other things, the report also needs to divide clients by type, place of residence, as well as indication of amount of client’s funds held in each jurisdiction. **Additional attention to european clients** According to the data which the ASIC has requested from brokers and the reporting period, it seems that the regulator is seeking...
Path: BlogAustralia adopted a new product intervention law
Under the new law, the Australian Securities and Investments Commission (ASIC) is gaining the same powers ESMA has in europe, but it might be limited in using those for the next two years. The Design and Distribution Obligations and Product Intervention Powers Bill or simply Treasury Laws Amendment has recently passed both houses of Australian Parliament. **A new bill is going to essential...
Path: BlogFinancial conduct authority of the UK has banned binary options for private investors
...ons 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 binary options. At the same time, the FCA is also applying its r...
Path: BlogRESIDENTSHIPS AND CITIZENSHIPS
...stment opportunities, personal security and tax advantages. We provide assistance with obtaining residentship and citizenship in various regions worldwide: Asia Pacific residentship and citizenship Caribbean residentship and citizenship european residentship and citizenship CIS residentship and citizenship Do not hesitate to contact our team of professionals to let us provide y...
Path: AdditionalCyprus intends to tighten the rules for issue of "Golden passports"
... despite that, the authorities are mostly fixated on the construction of luxury housing in the country, such as towers in the city of Limassol. Supporters of the bill stated that its purpose is “to protect the integrity of Cyprus”. Within the european Union three countries – Bulgaria, Cyprus and Malta – issue “Golden passport” to foreigners. In order to obtain such a document in Mal...
Path: BlogLuxembourg has just passed the law providing a legal framework for blockchain securities
...rg collaborated with Luxembourg-based trading platform, VNX Exchange, in an effort to enhance the security of digital assets. The above-mentioned cooperation was aimed at creation of higher levels of network security for digital assets. The small european country is one of several nations, such as Malta, Bermuda, and Switzerland, that are at the center of attention when it comes to blockchain a...
Path: BlogEU Member States Granted Citizenship To Over 800 Thousand People In 2017
european Statistical Office (Eurostat), a Directorate-General Office of the european Commission located in Luxembourg, has published information on the number of foreigners who were granted european citizenship in 2017. Approximately 825 000 people were granted citizenship by Member State of EU in 2017. In 2016 this number of people was approximately 995 000 and in 2015 – 841 000. Out of the o...
Path: BlogLimited Liability GmbH in Germany
...ir initial contribution of at least € 25,000.00 - A managing director serves as the company’s representative - Equally suited to small enterprises, medium-sized family companies, or even large enterprises - Benefits of a company in Central europe General information Company structure At least one or more Managing Director who may also be shareholders Maximum of three sharehol...
Path: CompaniesCzech Republic small PSP License
... provided Minimum paid capital: EUR 50 000 (it is advised to have 2-10% above the minimum; additional requirements may be set by the regulator) License application fee: EUR 40 000 Czech Republic Benefits Convenient access to european market; Time of completion – 6-9 months; May employ personnel from outside Czech Republic (must not outnumber Czech personnel). No...
Path: LicensingIsle of Man Gambling License
...th top personal tax rate of 20% Other benefits High credibility One license for different kinds of gambling A chance to get the Sublicense – small casinos can work under famous gambling brands and obtain the full license in future european guaranties and security, firm economic and political environment British whitelist Registered Agent - Required Registered offi...
Path: LicensingGibraltar Gambling License
... gambling services.Incorporation & 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 Licens...
Path: LicensingSwitzerland Crypto License
...he holding company owns 20% of the share capital of another legal entity, it can also benefit from the reduction of the corporate tax rate at the federal level; Exemptions from the dividends - The double tax treaties signed by Switzerland with the european Union and several other jurisdictions, can provide tax exemptions for the dividends received by subsidiaries of the Swiss holding companies. ...
Path: LicensingCzech Republic PSP License
...provided Minimum paid capital: EUR 125 000 (it is advised to have 2-10% above the minimum; additional requirements may be set by the regulator) License application fee: EUR 50 000 Czech Republic Benefits Convenient access to european market; Time of completion – 6-9 months; May employ personnel from outside Czech Republic (must not outnumber Czech personnel); May b...
Path: LicensingCzech Republic small Electronic Money Institution License
...ince the company’s establishment, depending on the documents provided Minimum paid capital: EUR 80,000.00 (it is advised to have 2-10% above the minimum) License application fee: EUR 40,000.00 Benefits Convenient access to european market Time of completion – 6-9 months May employ personnel from outside Czech Republic (must not outnumber Czech personnel) Notab...
Path: LicensingLocal Trademark registration
...the registration of the mark is to own the rights to the intellectual property, we usually suggest to incorporate in low maintenance fee jurisdictions. For a list of potential options, please contact our team members.There is an option to register a european Union trademark (EUTM) separately, or complementary to national trademark in a member state. EUTM secures exclusive right for a trademark in ...
Path: LicensingLithuania Payment Institutions License
...date when the application is lodged with the Bank of Lithuania Minimum paid capital: 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. ...
Path: LicensingBulgaria Crypto License
...holders' details – part of public record Directors' details – part of public record Taxation Cryptocurrency businesses in Bulgaria are subject to a corporate tax rate of 10%. This is one of the lowest corporate tax rates in the european Union, making Bulgaria an attractive destination for cryptocurrency companies. Additionally, there may be a 5% tax on dividends distributed t...
Path: LicensingWorldwide Trademark registration
... and effective industrial or commercial establishment in, or be domiciled in, or be a national of a country which is a party to the Agreement and/or the Protocol. Applicants who have such an establishment or are domiciled in the territory of the european Union, or are nationals of a member State of the european Union, are also entitled to file an international application. Renewa...
Path: LicensingWorldwide Design registration
... have a real and effective industrial or commercial establishment in, or be domiciled in, or be a national of a treaty which is a party to the WIPO Convention. Applicants who have such an establishment or are domiciled in the territory of the european Union, or are nationals of a member State of the european Union, are also entitled to file an international application. Renewa...
Path: LicensingLocal Patent registration
...ution: African Regional Industrial Property Organization (ARIPO), OAPI Bangui Agreement, host institution: African Intellectual Property Organization (OAPI), Eurasian Patent Convention, host institution: Eurasian Patent Organization (EAPO), european Patent Convention, host institution: european Patent Office (EPO), There is an option to file a patent application to a local patent Offic...
Path: LicensingLocal Design registration
...llectual Property Organization (OAPI), Lusaka Agreement, host institution: African Regional Intellectual Property Organization (ARIPO), The three “Benelux” countries, host institution: Benelux Office for Intellectual Property (BOP), The european Union, host institution: european Union Intellectual Property Office (EUIPO), There is an option to file an industrial design application ...
Path: LicensingWorldwide Patent registration
...a real and effective industrial or commercial establishment in, or be domiciled in, or be a national of a country which is a party to the Paris Convention or PCT. Applicants who have such an establishment or are domiciled in the territory of the european Union, or are nationals of a member State of the european Union, are also entitled to file an international application. Renewa...
Path: LicensingCzech Republic Limited Liability Company Formation (s.r.o)
... Minimum paid up capital: The minimum contribution of each shareholder to the registered capital is CZK 1, however it is recommended 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 activi...
Path: CompaniesGibraltar Limited Liability Company Formation
... 7 working days + delivery time for the courier Minimum paid up capital: 1 GBP Overview Gibraltar is an overseas territory and dependence of the United Kingdom located on the southern coast of Spain in Western europe. Gibraltar has a long-standing international offshore financial history that goes back to the passing of Gibraltar’s Companies Ordin...
Path: CompaniesGeorgia Payment Service Provider Authorization (PSP)
...ation 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 and Asia 52 concluded double taxation treaties Georgia is not on the high-risk or other monitored jurisdiction list General informat...
Path: LicensingIsle of Man Limited Liability Company Formation
... Overview The Isle of Man is a self-governing British crown dependency, located in the Irish Sea at the geographical center of the British Isles. The Isle of Man legal system is based on the English common-law model. It is a full member of the european Union but it does have associate status which is very attractive. The Isle of Man has strong banking, investment fund and captive insurance...
Path: CompaniesAndorra Limited Liability Company (SL) Formation
...up capital: EUR 3,000 Accounting and audit: starting from 5,500 EUR + 4,5% VAT * *Depending on the number of transactions the company executes each month/year. Overview Andorra is a microstate located in europe and bordered by Spain and France, which jointly protect the state, allowing it to enjoy many privileges available exclusively to the member sta...
Path: CompaniesEstonia Private Limited Liability Company (Osaühing or OÜ) Formation
...t 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, having a well-developed connection links with Russia, Nordic markets such as Finland and Sweden as ...
Path: CompaniesCyprus Limited Liability Company Formation
...ays + delivery time for the courier Minimum paid 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 st...
Path: CompaniesBarclays Bank Account Opening
... over 50 countries and territories and has around 48 million customers.Account opening: 7-14 working days Overview: Barclays Bank PLC, together with its subsidiaries, provides financial services in the United Kingdom, rest of europe, the Americas, Africa, the Middle East, and the Asia Pacific. It offers retail banking, credit cards, wholesale banking, investment banking, we...
Path: BanksCredit Suisse Bank Account Opening
...international financial stability depends. The bank is also one of Fortune Magazine's most admired companies. Credit Suisse has been recognized as the world's best private bank by Euromoney's Global Private Banking Survey and as the best european Equity Manager by Global Investors. In polls by Euromoney, it has been ranked as the top private bank and the best bank in Switzerland. As of...
Path: BanksBank Account Opening in ING Bank
...s 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 services. The Bank draws on experience and expertise, commitment to excellent service and global scale to meet the nee...
Path: BanksBarclays Bank Account Opening
... over 50 countries and territories and has around 48 million customers.Account opening: 7-14 working days Overview: Barclays Bank PLC, together with its subsidiaries, provides financial services in the United Kingdom, rest of europe, the Americas, Africa, the Middle East, and the Asia Pacific. It offers retail banking, credit cards, wholesale banking, investment banking, we...
Path: BanksCzech Republic Electronic Money License
...l deposit and operational needs in Czech National Bank. CNB acts as a supervisor of payment institutions and electronic money institutions, deciding on registration and license applications’ admissibility. Benefits Convenient access to european market Opportunity to employ personnel from outside Czech Republic (the number of foreign employees should not exceed number of local (Czec...
Path: LicensingCredit Suisse Bank Account Opening
...international financial stability depends. The bank is also one of Fortune Magazine's most admired companies. Credit Suisse has been recognized as the world's best private bank by Euromoney's Global Private Banking Survey and as the best european Equity Manager by Global Investors. In polls by Euromoney, it has been ranked as the top private bank and the best bank in Switzerland. As of...
Path: BanksSwitzerland Limited Liability Company Formation
...olitical and legal environment.Incorporation: within 10 working days + delivery time for the courier Minimum paid up capital: CHF 20,000 Overview Switzerland is a small mountainous country located in central europe. This landlocked country is about the size of New Jersey and is between France and Italy. It is also bordered by Austria, Germany, and Liechten...
Path: CompaniesNetherlands Limited Liability Company (LLC) Formation
...ry time for the courier Minimum paid up capital: No minimum capital requirement Overview The Kingdom of Netherlands, commonly called as the Netherlands but generally known as Holland is located in the western part of europe. It is bordered by the North Sea in the north and west and its land boundary is shared with Belgium and Germany in the south and to the east re...
Path: CompaniesUnited Kingdom Limited Liability Partnership Formation
...artners, 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 by the North Sea and English Channel, the United Kingdom (informally referred to as Britain) includes England, Scotland, Wales, and...
Path: CompaniesCuracao Gambling License
...sary documents for Sending all documents for signature of the client and for them to be notarized and legalized in country wh ere client is residing Opening offshore bank account Drafting of Business Plan for the Company Account opening in a european Bank for operational purposes In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire ap...
Path: LicensingAlderney Gambling License
... Alderney company registration Preparation of all necessary documents for Corporate Service Provider (CSP) and submission of the documents Drafting of Anti-money laundering procedures and Business Plan for the Company Account opening in a european Bank for operational purposes Obtaining eGaming licences Preparation of all necessary documents submitting license application to ...
Path: LicensingUnited Kingdom Limited Company Formation
... is a simple and fast way to set up your company for assets protection.Incorporation: 2 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Separated from the european continent by the North Sea and English Channel, the United Kingdom (informally referred to as Britain) includes England, Scotland, Wales, and...
Path: CompaniesBank Account Opening in ING Bank
...s 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 services. The Bank draws on experience and expertise, commitment to excellent service and global scale to meet the nee...
Path: Banks