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Cayman acknowledged as a top offshore financial center
Twice a year the **Global Financial Centres Index** is published to analyze and rate financial centers worldwide. Up to 2,500 professional financial analysts were questioned about the current state of different jurisdictions. As a result, **the Cayman Islands is now recognized as the best offshore financial center in the world**. **GFCI** is a significant mark for offshore countries to maint...
Path: BlogDubai International financial center is planning to launch the world's first blockchain court
**The Dubai International Financial Centre (DIFC) has partnered with Smart Dubai to establish the world’s first “Court of the Blockchain”.** The abovementioned organizations recently announced that they are conducting researches regarding the blockchain technology and how it can be implemented, and used to enforce court rulings and separately on the resolution and mitigation of disputes rel...
Path: BlogPacific Private Bank Account Opening
Pacific Private Bank is a full-service bank founded in 1997 and registered in Vanuatu, an international financial center in the Pacific. Its geographical, economic, tax and legal environment is favorable for foreign investor capital protection.Account opening: 7-14 working days Overview: Pacific Private Bank is a full-service bank founded in 1997 and registered in Vanuatu,...
Path: BanksPacific Private Bank Account Opening
Pacific Private Bank is a full-service bank founded in 1997 and registered in Vanuatu, an international financial center in the Pacific. Its geographical, economic, tax and legal environment is favorable for foreign investor capital protection.Account opening: 7-14 working days Overview: Pacific Private Bank is a full-service bank founded in 1997 and registered in Vanuatu,...
Path: BanksSecrets of starting a business in the UAE
... company, depending on the type of the business you choose. For example, gamble companies are restricted in the UAE, and in case if you would like to provide any insurance services, you will face a wide range of restrictions from Dubai International financial center Free Zone.
Path: BlogLabuan FSA Tightens Money Broking Rules Amid Growing Industry
...: Brokers must now have robust risk management systems to prevent misconduct and fraud, ensuring greater accountability. This move comes as Labuan IBFC continues to adapt to the complexities of digital financial services. Like other international financial centers, Labuan FSA is aligning its regulations with global standards set by bodies such as the Financial Action Task Force (FATF), the Inte...
Path: BlogCyprus Investment Fund License
...ient and dynamic business center, offering a business-friendly, international and cost-effective environment for the operating companies in this jurisdiction. Also, it is a well-regulated EU member state, combines tax efficient features of a modern financial center with the necessary infrastructure for the investment fund industry.Timeframe: up to 4 months Minimum capital requirements: Th...
Path: LicensingCayman Islands Securities Investment Fund License
The Cayman Islands are located in western Caribbean, and are known as one of the major financial centers in the world. In contrast to classic offshore jurisdiction, Cayman financial services industry is well-regulated thus having very positive reputation among investors.Timeframe: Up to 4 months Minimum paid up capital: No minimum or maximum amount prescribed for authorised, issued o...
Path: LicensingCayman Islands Securities Investment Business License
The Cayman Islands are located in western Caribbean, and are known as one of the major financial centers in the world. In contrast to classic offshore jurisdiction, Cayman financial services industry is well-regulated thus having very positive reputation among investors.Timeframe: around 6 months Minimum paid up capital: KYD 100,000 (>USD 121,000) Overview The ...
Path: LicensingSeychelles FSA Introduces Updated Beneficial Ownership Guidelines
... while deterring illicit activities. These guidelines also underscore the FSA's commitment to international cooperation in financial regulation. By adopting robust beneficial ownership rules, Seychelles strengthens its reputation as a responsible financial center. The new regulations are expected to enhance the integrity of the financial system, providing greater confidence to international inv...
Path: BlogSeychelles - Mauritius potential financial services partnership
...rent factors. One of them is Mauritius double tax treaties with developed countries like Germany, United Arab Emirates, the UK, India and many others. This makes Mauritius a prospective partner for other offshore jurisdictions. Both international financial centers of Seychelles and Mauritius will benefit from their collaboration. Moreover, this will ease doing business for international entrepr...
Path: BlogVanuatu is Willing to Move Its Financial Dealers Onshore
..., the government wants these clients to transition from 'offshore activities' to 'onshore export of services'. St-Hilaire says: “Vanuatu wants to bring about a sea change in the way it does business, by transitioning from an offshore, protected financial center to an onshore transparent Fintech center.” We understand, that such amendments in legislation may scare many of our customers fr...
Path: BlogIs Macao prepping to become an alternative to Hong Kong?
...o this week is largely interpreted as a signal to Hong Kong. Although there might be an attempt to put pressure on Hong Kong by promoting new financial incentives for Macao, it is not likely that there are plans to replace Hong Kong with another financial center. Macao may serve as a “backup plan” in the event that the situation in Hong Kong gets worse. Read our blog to keep abreast of...
Path: BlogMauritius is willing to adapt distributed ledger technology and acknowledge the cryptocurrency as digital asset
Mauritius is one of the well-known financial centers. Being focused on a lasting economic growth, Mauritius is willing to advance traditional industrial development with an innovative approach. The Republic has admitted that the current digital revolution grants opportunities for smaller economies (for instance Mauritius) to open new and innovative growth perspectives. For this reason, **Mauritiu...
Path: BlogCayman Investment Funds
**The Cayman Islands is an enormous international financial center and a leading hub for international investments.** This status of the Cayman Islands is due to its compliant and effective laws, easily accessible professional service providers, and high reputation amid stakeholders. Besides all this the Cayman Islands has no capital gains, income, profits, corporation or withholding taxes ne...
Path: BlogSwitzerland is going to amend anti-money laundering law
...review conducted in 2016. As previously known, in response to the FATF's report, in June 2017 the Federal Council commenced 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** f...
Path: BlogAbu Dhabi Sovereign Wealth Fund entering ADGM
...eikh Hamed bin Zayed Al Nahyan, the Fund’s Managing Director, announced that the authority is going to enter the Abu Dhabi Global Market (ADGM). **The ADGM is the low-tax financial services hub in Abu Dhabi**. In the UAE this hub is the leading financial center and it creates and implements major financial trends for the whole region. Moreover, the Managing Director of the Abu Dhabi Investmen...
Path: BlogCIM Bank Account Opening
...ividual’s privacy is a fundamental Swiss value shared by CIM Bank. CIM Banque is a member of SWIFT (Society for Worldwide Interbank Financial Telecommunication) and has set up an important network of partner banks who work with all the financial centers of the world.Payment processing options MasterCard, Visa, American Express N.B. Bank may change its tariffs at any time ...
Path: BanksCIM Bank Account Opening
...ividual’s privacy is a fundamental Swiss value shared by CIM Bank. CIM Banque is a member of SWIFT (Society for Worldwide Interbank Financial Telecommunication) and has set up an important network of partner banks who work with all the financial centers of the world.Payment processing options MasterCard, Visa, American Express N.B. Bank may change its tariffs at any time ...
Path: BanksJapan Virtual Currency Exchange Provider’s License
...irtual Currency Exchange provider’s license: Japan Company portrays a good image to your Clients; Great reputation worldwide; One of the few jurisdictions providing licensing for virtual currency exchanges; Japan is major international financial center; 96 double taxation avoidance treaties; Not blacklisted. General information Company structure At least 1 shareholder (...
Path: LicensingKazakhstan Crypto License
...As of April 1, 2023, the Law on Digital Assets in Kazakhstan regulates the issuance and circulation of digital assets, providing a legal framework for these activities. Despite the general ban on unsecured digital assets, the Astana International financial center (AIFC) allows their issuance and circulation under the “Operating a Digital Asset Trading Facility” license. This license enables...
Path: Licensing