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The New Labuan Tax Regime: Towards the Advancement
...ysian territory? There is a need to rationalize your company’s activity now. In other words, your business will need the financial and service audit as well as the income from the financial property. **Offshorelicense Ltd** constantly controls international standards of doing business as well as implementation of all these standards by different jurisdictions. Prospectively, we see a new gro...
Path: BlogNew Legal Framework for Forex Brokers in Saint Vincent and the Grenadines
...l discourage scammers from using SVG as a base, as well as improve standards for the industry and perhaps, attract more legitimate companies. By introducing new regulatory framework, FSA ensures that SVG continues to be vigilant in providing that international standards and best practices govern its international financial services and is committed to promoting safe and sound practices, as far ...
Path: BlogKazakhstan Crypto License
...tion as a favorable destination for cryptocurrency businesses due to its proactive regulatory framework and supportive government stance. The Astana International Financial Centre (AIFC) oversees crypto activities, ensuring compliance with local and international standards. To operate legally, crypto exchanges and related businesses must obtain a license from the AIFC, which requires adherence to ...
Path: LicensingGeorgia Crypto License
...n attractive destination for cryptocurrency businesses due to its favorable regulatory environment and supportive government policies. The National Bank of Georgia oversees the regulation of crypto activities, ensuring compliance with local laws and international standards. To operate legally, crypto exchanges and related businesses must obtain a license, which involves meeting stringent requireme...
Path: LicensingHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...ligence, transaction monitoring, politically exposed person (PEP) screening, and reporting of suspicious activities. 9. How can a crypto license from SVG enhance my business’s credibility? A crypto license from SVG demonstrates compliance with international standards and regulatory requirements, enhancing the credibility and trustworthiness of your business among clients and investors. 10...
Path: BlogShanghai Free Trade Zone: the updates
...e pilot project of the **Free Trade Zone (FTZ)** in China. Its development plan was released in November 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 cli...
Path: BlogSeychelles FSA Introduces Updated Beneficial Ownership Guidelines
...ng the identity of beneficial owners, maintaining accurate records, and reporting suspicious activities. The FSA emphasizes the importance of these measures in promoting a secure and trustworthy business environment. By aligning its regulations with international standards, Seychelles aims to attract legitimate business and investment while deterring illicit activities. These guidelines also un...
Path: BlogSouth Korea enforcing crypto rules
...l Supervisory Service widened the scope of its accounting practices by including the virtual currency exchange platforms. As explained by the Korean top financial regulator, the present legal measures will lead to the transparency and fulfillment of international standards. Read our blog to keep abreast of all actual and interesting technology news.
Path: BlogFINMA provides guidelines on "stablecoin"
...assets must be borne by the project issuing ‘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 managem...
Path: BlogFrom now cryptocurrency will be under AML rules in Thailand
...al funds. In order to prepare for this, the secretary-general plans to amend local legislation and bring cryptos into the AML regime. The aforesaid process will start with the Anti-Money Laundering Act. **Changes shall be made in accordance with international standards on crypto exchange service providers, hence cryptocurrency exchange platforms will have to report their financial activities t...
Path: BlogOTC derivatives regime to be updated in Hong Kong
...ticular, the paper consists of various recommendations related to supervision and monitoring of marketing conduct. Recommendations, first of all, are aimed at management of specific risks related to OTC derivatives. The regulator referring to the international standards is planning to introduce mandatory reporting obligations in Hong Kong, whereby a specific type of OTC derivative transactions ...
Path: BlogBahamas issued guidance related to financial crimes prevention
...ervices institutions, corporations, governments, or individuals by internal or external agents to steal, defraud, manipulate or circumvent established rules. The second document also describes the governing framework in the Bahamas, combined with international standards and responsibilities that are relevant to combatting proliferation financing risks. [. All Cyprus registered companies are required to file an annual return accompanied with their annual audite...
Path: AccountingBulgaria Audit Services
...o of low costs of doing business and great access to different markets. The Bulgarian Accountancy Act requires that financial statements of those entities meeting certain criteria be audited by a registered auditor. It also requires that international standards of Auditing should be applied and the auditors would be regulated by the Bulgarian Institute of Certified Public Accountants. ...
Path: AccountingLabuan Audit Services
...to grow your business. Our services comprise the following: Statutory audit of annual or interim financial statements in accordance with local statutory requirements and International Financial Reporting Standards (IFRS) under ISA (international standards on Accounting); Audit of consolidated financial statements in accordance with applicable legislation and corporate reporting...
Path: Accounting