Call us Contact us now
+44 (2038) 07 15 07

Search


Cyprus investment Fund License

...dly, 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: Third-party Managed €200,000 or €300,000 if self-managed....

Path: Licensing
Luxembourg 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: Licensing
Mauritius Global Business License (GBL) & investment Dealer License

The proposed company will hold 2 types of licenses, namely an investment Dealer License under the Securities Act 2005, Securities (Licensing Rules 2007 & the Financial Services (Consolidated Licensing and Fees) Rules 2008 and Global Business License (GBL) under the Financial Services Act.Timeframe: within 6 months Minimum capital requirement:  investment Dealer (incl. underwrit...

Path: Licensing
China amends the FIE record-filing laws regulating foreign investments

In October 2016 came into effect revised Four Laws in China that were promulgated and amended by National People’s Congress (NPC)to attract and encourage inbound foreign investments. Year by year, China keeps opening-up to the outside world and OFFSHORELICENSE keeps track of global trends observing the substantial moves of this important player on the international stage. This time to attract...

Path: Blog
Australian securities and investments commission proposes CFD restrictions and binary options ban

...r'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 particular enforcing leverage limits, improving transparency of CFD pricing, exec...

Path: Blog
Dubai is set to regulate investment tokens

‘Good news for industry’ as stated by the Binance Middle East and North Africa chief. The DFSA has introduced new regulatory framework for investment tokens which regulate security and derivative tokens. According to the interview of Omar Rahim, Binance’s Middle East and North America director, held by the ‘Arabian Business’ media outlet, “There have been a number of ‘false star...

Path: Blog
A raising trend of investment scams in Australia

**Scamwatch**, an organization operated by the Australian Competition and Consumer Commission (ACCC), recently released a report stating that **investment scams in Australia are becoming ever more frequent**. In the mid of June, from 18/06/2018 to 24/06/2018, the **top scams that targeted Australians were investment schemes**. In the course of these fraudulent schemes, Australians reported lo...

Path: Blog
investments in cryptocurrency – is one of the main topics in the UK Financial Ombudsman Service’s Annual Review

... Financial Ombudsman Service (FOS) has expressed its opinion on cryptocurrency**, among the other topics raised by UK investors, in its Annual Review 2017/18. In the above-mentioned Review, the **Ombudsman classify cryptocurrency as other risky investments category** and noted the excessive volatility of cryptocurrency. Many activities relating to cryptocurrencies are not regulated. Investors...

Path: Blog
Cayman 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: Blog
Cayman Islands Securities investment Fund License

...ess than 100 000 USD (or its equivalent in another currency) per investor; or Equity interests must be listed on a stock exchange approved by CIMA Overview In Cayman Islands the Mutual Funds Law does not impose any restrictions on investment objectives, risks, target rates of return, leveraging or other commercial matters, given the institutional and sophisticated nature of the ...

Path: Licensing
Labuan investment Banking License

... available for both local and foreign investors who want to establish a bank in this location.Timeframe: around 6-12 months Minimum paid up capital: MYR 10 million or its equivalent in any other currency Overview A Labuan investment bank can be set up as a branch or subsidiary and registered or incorporated under the Labuan Companies Act 1990. The application may be acc...

Path: Licensing
Cayman Islands Securities investment Business License

...nimum paid up capital: KYD 100,000 (>USD 121,000) Overview The company incorporated in Cayman Islands that wishes to conduct brokerage business is required to hold a license granted by Cayman Islands Monetary Authority (CIMA). investment activities are regulated by the Securities investment Business Law (SIBL) (latest amendment of 2015). Cayman Islands Securities Investme...

Path: Licensing
Ireland Private Limited Company Formation

Starting your business in Ireland is a great choice for high-tech industries, trade, and investment companies.Incorporation: 2-4 weeks + delivery time for the courier Minimum paid up capital: No requirements, usually EUR 100 Overview Ireland is a well-reputed jurisdiction, attracting foreign investors with its stable and modern economy, good investment climate...

Path: Companies
Quebec Company Formation

Quebec Corporation is an attractive entity for business establishing and setting up regional headquarters in Canada with generous tax regime for new investments, tax holidays for foreign researchers and experts and access to the North American market.Incorporation: 1 month – month and a half + delivery time for the courier Minimum paid up capital: No minimum capital requirement...

Path: Companies
Barclays Bank Account Opening

Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers.Account opening: 7-14 working days Overview: ...

Path: Banks
CIMB Bank Account Opening

CIMB Group Holdings Berhad is a Malaysian universal bank, headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank, the largest Asia Pacific (ex-Japan) based investment bank and one of the world's largest Islamic banks. CIMB has a wide retail branch network with 1,080 branches across the region.Account opening: 7-14 working d...

Path: Banks
CIMB Bank Account Opening

CIMB Group Holdings Berhad is a Malaysian universal bank, headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank, the largest Asia Pacific (ex-Japan) based investment bank and one of the world's largest Islamic banks. CIMB has a wide retail branch network with 1,080 branches across the region.Account opening: 7-14 working d...

Path: Banks
Barclays Bank Account Opening

Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers.Account opening: 7-14 working days Overview: ...

Path: Banks
Hong Kong Limited Company Formation

No taxation on internationally sourced income and location in one of Asia’s most booming hubs make Hong Kong PLC a popular choice not only for investment.Incorporation: 3 working days+ delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Positioned at the mouth of the Pearl River Delta on the coast of southern China, Hong Kong...

Path: Companies
Estonia Private Limited Liability Company (Osaühing or OÜ) Formation

Starting your business in Estonia is a great choice for digital nomad entrepreneurs and investment 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, h...

Path: Companies
Labuan Fund Management License

... is a good base for starting Fund Management business. Licensed Labuan Fund Manager is authorized to provide management and administrative services (managing client’s discretionary accounts, acquire or dispose a portfolio of securities), advise on investments, deal in securities.Timeframe: within 8 months Minimum capital requirements – US $90,000 Overview Labuan Fund Man...

Path: Licensing
EU and US propose legislative changes regarding digital asset industries

...s to provide legal clarity around cryptocurrencies (including security tokens and stablecoins) that is in line with Europe’s Markets in Financial Instruments Directive (MiFID), which is a legal framework for securities markets, trading venues, and investment intermediaries. Approximately the very same time, US Conference of State Bank Supervisors (CSBS) announced the launch of MSB Networked S...

Path: Blog
Germany Introduces Draft Bill on Blockchain-Based Digital Securities

...otential for securities, according to German law, to be issued on Ethereum, currently the most popular platform to issue digital assets on. Aditionally, 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 ...

Path: Blog
Diversified reporting in no-deal Brexit scenario

...Despite the result of transaction period, companies are required to handle European Market Infrastructure Regulation (EMIR), Markets in Financial Instruments Regulation (MiFIR) and Securities Financing Transactions Regulation (SFTR) requirements. investment companies regulated in EU currently must submit their trades/transactions for EMIR, MiFIR and SFTR to an ARM and TR. TRs are authorised by ...

Path: Blog
Can Bitcoin Replace Gold As the Safe-Haven Asset?

...rice could be temporary and suggests that gold would hit $3,000 per ounce inside 18 months. This could be the sign that institutional investors moving away from simply buying gold as a safe haven, instead looking at the cryptocurrency as their first investment in unstable markets. Answer to these questions may find in some recent regulatory changes from the mayor economies. For example, Nigeria...

Path: Blog
Legalization of Cryptocurrencies in Russia

...ative branch in the third reading and the new law will come into effect on January 1, 2021. According to new legislation any digital currency will now be recognized as a set of electronic data which can be used for payments purpose or even as an investment tool. It has been determined by local lawmaker that digital currencies do not have any centrally responsible party and are managed by the o...

Path: Blog
ASIC’s strengthens consumer protections by reducing CFD leverage

Recently the Australian Securities and investments Commission (ASIC) announced a product intervention order which included 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 Ma...

Path: Blog
The great step towards China

...e, 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 International investment and Finance Expo, one of China's largest financial expos that took place in Guangzhou, Import and Export Fair Complex (第十九届广州...

Path: Blog
New Legal Framework for Forex and CFD Brokers in Bahamas

...t offshore jurisdictions which creates more friendly conditions for brokers and their clients. Such precautious changes have created to an environment, which balances safety and opportunity. Andrew Rolle, Executive Committee Member of the Bahamas investment & Securities Business Association (BISBA), commented these changes and said that the aim is to help shape a regulatory environment where in...

Path: Blog
Potential PayPal Entry into Cryptocurrency Market

...be important for cryptocurrencies to be clear about their ‘nature’; some cryptocurrencies are really created to have a constant value and are therefore great for payments – others are fluctuating and will be less used for payments but more for investment, saving and speculation. Company’s existing AML and KYC measures could be enough for crypto purchases, but there may be some addition...

Path: Blog
Forex Markets Related Regulations After Pandemic

..., Commission do not expect any additional regulation in the medium term but rather enhanced supervision and guidance in the form of Guidelines, Circulars within the existing regulatory framework. In August last year, the Australian Securities and investment s Commission (ASIC) revealed its consultation paper which introduced to ban binary options and place leverage restrictions on CFDs and rega...

Path: Blog
Covid-19 Effect on Growing Number of Crypto Related Scams

...y returns and some of investors iCenter’s Facebook posts promised returns over 2.5% according to invested amount. Ponzi schemes also play on peoples’ altruism. If somebody has found promising life-changing way that would quickly multiply your investment and savings – it would be just normal to share this amazing tool on social media with family and friends. Schemes like this also uses cel...

Path: Blog
Lawyers’ Lobbying Efforts result in lifting Crypto-Ban in Vanuatu

...ing effect in Vanuatu this week. According to Tal Itzhak Ron, on 22nd of July, the amendment to the Financial Dealers Licensing Act unexpectedly went into effect, allowing the “distribution, secondary trading, custodial storage and provision of investment advice or other services in relation to digital assets”. After years of strict restrictions on any engagement with cryptocurrencies, whic...

Path: Blog
CySEC Enhancement of Procedures Regarding Safeguarding of Client Funds

Local Cyprus regulator Cyprus Securities and Exchange Commission (CySEC) on Monday May 4th, published Consultation Paper on enhancement of procedures regarding safeguard of client funds held by Cyprus investment Firms (CIFs). The regulatory authority will accept responses to the consultation paper by May 18, 2020. CySEC intends to publish a circular that will further enhance the procedures tha...

Path: Blog
Outbreak of Crypto Frauds Amid Coronavirus Outbreak

...B) has tracked 21 coronavirus scams since February, with a small number asking victims for bitcoin. It reports that non-crypto schemes have managed to scam around £800,000 so far. Crypto currency related scams have forced many countries to issue investment scam warnings of their own. The UK’s Financial Conduct Authority (FCA) has warned investors to avoid coronavirus-related cryptocurrenc...

Path: Blog
Crypto-Friendly bank ‘freeze’ bank account

For those companies or people dealing with crypto transactions on a daily basis, or those buying cryptocurrencies as an investment, finding a suitable bank and open an account that will hold their funds is essential. Cryptocurrencies banking is viewed as high risk by many banks. This however does not mean there are not options for you or your company, with a regulated banking provider who have t...

Path: Blog
Turbo Certificates vs. CFDs

Although CFDs and Turbo Certificates have common characteristics, ESMA’s restrictions do not extend to such investment product as Turbo Certificate. So, let’s find out why? What is the difference between Turbo Certificates and CFDs? Both instruments trade with leverage and do not have expirations. However, Turbos offer a guaranteed return as these are structured products whose upside retur...

Path: Blog
How cryptocurrency will be taxed in the UK?

...o the cryptocurrency status – it is not considered as a currency in the UK. Moreover, the guidelines use the term “cryptoassets” instead of cryptocurrency. In relation to individuals, the policy paper reveals that crypto activity (personal investment) subject to capital gains tax. Capital gains tax should be paid when cryptoassets are sold for fiat or are used for goods and services purc...

Path: Blog
Economic Substance Regulations in UAE

...substance interest. **Scope** The provisions of the regulations apply to entities carrying out any “relevant activity” in the United Arab Emirates. “Relevant activities” include: • Banking Business • Insurance Business • investment Fund Management Business • Lease-Finance Business • Headquarters Business • Shipping Business • Holding Company Busines...

Path: Blog
Bermuda became the first government to accept digital currency payments

...ompass the whole world. Please follow the [LINK](https://www.offshorelicense.com/licensing/bermuda-digital-asset-license){._blank} to learn more about the crypto licensing in Bermuda offered by OFFSHORELICENSE. [![Cayman Islands Securities investment Fund License (1).png](https://www.offshorelicense.com/storage/app/uploads/public/5da/96a/2db/5da96a2db2f95431471596.png)](https://www.offsh...

Path: Blog
El Salvador: Bitcoin will become legal tender, alongside the US dollar

...pt bitcoin, despite concern about the potential impact on El Salvadors’s program with the International Monetary Fund. President Nayib Bukele’s is known for his love of technology is expecting that the new law will bring financial inclusion, investments, tourism, innovations and economic development to their country. Moreover, a former marketing executive, has suggested bitcoin could ma...

Path: Blog
Marshall Islands International Business Company Formation

The Marshall Islands with its jurisdiction offers a comprehensive administrative and fiscal environment, thus Marshall Islands IBC attracts such entrepreneurs who are interested in international trading, investment enterprises and holding structures.Incorporation: 48 working hours + delivery time for the courier Minimum paid up capital: No minimum capital requirement ...

Path: Companies
South Korea is planning to establish Crypto-Focused Bureau

...*However, not only South Korea is planning to expand cryptocurrency regulatory authorities – Nigeria is following almost the same path**. **Nigerian Securities and Exchange Commission (SEC) is setting up a new authority in order to study Crypto investments** **Main purpose of the freshly-formed division is crypto investments aspects assessment in order to develop new regulation.** SEC, Ni...

Path: Blog
Bank Account Opening in ING Bank

The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its 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 servi...

Path: Banks
El Salvador Online Gambling Company Formation

El Salvador is a country on the Pacific Coast of Central America. It’s development strategy is based on a policy of openness to international trade and investment, therefore this country has an open attitude towards foreign direct investments.Timeframe: within 7 weeks Minimum paid up capital requirement: USD $2,000* Overview The most common legal entity in El Salvador is a Lim...

Path: Licensing
Bulgaria Forex License

...he 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 Bulgaria.Incorporation & obtaining license: from 3 to 7 months ...

Path: Licensing
Bank RBK Account Opening

Bank RBK JSC is a universal Kazakhstani banking institute with balanced development indicators. The bank makes serious investments in development of human capital, infrastructure, information technology and own brand.Account opening: 2 months Overview: JSC Bank RBK has a history since the foundation in 1992 of Meken Bank, one of the first private banks in independent Kazak...

Path: Banks
Bank RBK Account Opening

Bank RBK JSC is a universal Kazakhstani banking institute with balanced development indicators. The bank makes serious investments in development of human capital, infrastructure, information technology and own brand.Account opening: 2 months Overview: JSC Bank RBK has a history since the foundation in 1992 of Meken Bank, one of the first private banks in independent Kazak...

Path: Banks
Account Opening in National Bank of Vanuatu

...uatu is the only commercial bank in Vanuatu that also operates outside of Port Vila and Luganville. Through its network of 27 branches and agencies, NBV offers a comprehensive range of services in Business, Retail, Rural, International, Treasury and investment Banking.Account opening: 7-14 working days Overview: National Bank of Vanuatu Limited provides various general bank...

Path: Banks
Bank Account Opening in ING Bank

The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its 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 servi...

Path: Banks
Credit Suisse Bank Account Opening

Bank’s strategy is to be a leading wealth manager, with strong investment banking capabilities. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets. Founded in 1856, Credit Suisse today has a global reach with operations in ab...

Path: Banks
Account Opening in National Bank of Vanuatu

...uatu is the only commercial bank in Vanuatu that also operates outside of Port Vila and Luganville. Through its network of 27 branches and agencies, NBV offers a comprehensive range of services in Business, Retail, Rural, International, Treasury and investment Banking.Account opening: 7-14 working days Overview: National Bank of Vanuatu Limited provides various general bank...

Path: Banks
Credit Suisse Bank Account Opening

Bank’s strategy is to be a leading wealth manager, with strong investment banking capabilities. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets. Founded in 1856, Credit Suisse today has a global reach with operations in ab...

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

...ns of exchange; • Can be transferred, stored and traded electronically; • Does not qualified either as fiat currency or as any of the instruments termed as Financial Instrument Tokens (FIT), which qualify as financial instruments under the investment Services and Activities and Regulated Markets aw, transposing MiFID II and E-Money Tokens (EMT), which qualify as Electronic Money under th...

Path: Blog
Canadian Limited Partnership Formation

Canada is an excellent jurisdiction for foreign investment and for doing business due to the strong and well regulated banking system, relatively low corporate tax rates.Incorporation: up to 3 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement   Overview Limited Partnerships is a simple form of business registration ...

Path: Companies
Authorised Company in Mauritius

Mauritius Authorised Companies are not tax resident and do not have access to the Mauritius Double Taxation Treaties and are generally used for trading and investment purposes.Incorporation: up to 4 weeks   + delivery time for the courier Minimum paid up capital: US$ 1   Overview As of 1st January 2019, the Mauritius Financial Services Commission (FSC) has intr...

Path: Companies
Seychelles International Business Company (IBC) Formation

...for confidential and fully tax-exempted international business: no requirements to file annual returns, no taxes or stamp duties, no US or IRS interference, no public records. The Seychelles IBC is commonly used for international trading operations, investments and holding purposes, leasing of vehicles or aircraft, marketing and financial activities.Incorporation: within 3 weeks + delivery time fo...

Path: Companies
A new license assessment procedure will be adopted for certain AFS applicants

The Australian Securities & investments Commission (ASIC) has recently adopted a new approach to its financial services licensing procedures (AFS) for certain applicants. ASIC has also released an actual guideline in this regard. Warren Day, ASIC Executive Director said the following: *"ASIC has reviewed the AFS license assessment processes and has streamlined its assessment processes in so...

Path: Blog
Controversy on 30% Crypto Tax in India

...d lottery earnings, where it levies a flat 30 percent tax rate. “The taxation of profit from crypto assets at 30% may not receive equal appreciation from all the stakeholders. The higher taxes may discourage investors from choosing crypto as an investment avenue and delay the mass adoption of crypto assets in India,” said Jay Hao, the CEO of OKX.com. Furthermore, new crypto taxation legi...

Path: Blog
Vanuatu is Willing to Move Its Financial Dealers Onshore

...e, chairman of VFMA, says. Times, when offshore companies were operating remotely under Vanuatu’s Financial Dealer License (FDL), are a-changing. By the end of 2022, all Vanuatu security broker will be obliged to move onshore and make tangible investment into the country. The Vanuatu Financial Services Commission (VFSC) has significantly beefed up the requirements for the holder of Financ...

Path: Blog
Indian Declaration on Cryptocurrencies Proposes Jail Term for Violation of Rules

...ket watchdog, will oversee all crypto-activities. Meanwhile, cryptocurrencies are widely spread among Indian citizens. According to data provided by the industry estimates, there are approximately 20 million crypto-investors in India, whose total investment portfolio is up as much as $6 billion. Local crypto exchanges are running marketing campaigns to lure more and more potential retail crypto...

Path: Blog
German Political Parties raise discussion on implementing Regulation for Crypto Blockchain Industry

...in a progressive European framework,” the document added in regards to the ‘digital awakening.’ **Optimism on Blockchain** However, the coalition still is positive about the current development of blockchain technology, pointing out that investments in artificial intelligence and other distributed ledger technology (DLT) could get incentivized in a forthcoming government. “Building o...

Path: Blog
Mauritius is set to rise as one of the best jurisdictions for global financial services once again

...cial services industry leading jurisdiction once over. Mauritius ranks 1st amongst the African countries, 13th globally in the World Bank's Ease of Doing Business 2020 report and this removal/de-listing reinforces Mauritius’s position as a leading investment destination and domicile of choice for structuring cross border investment into Africa and Asia. Our editorial office and the whole team...

Path: Blog
UK FCA issued clarifications of cryptocurrency regulations

...luding banks, trade associations, and crypto exchanges. Most of them supported the proposals, as noted by the FCA. What is important, the guidance now implements a definition for security tokens, which will fall under the category of “specified investments.” Furthermore, security tokens behave like shares or debt instruments and have ownership rights. Practically everyone who was surveyed ...

Path: Blog
CORPORATE FINANCE AND BUSINESS ADVISORY

...ing. 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. Feasibility studies for specific projects and potential investment opportunities.

Path: Additional
SFC Forewarns Retail FX Brokers To Stay Away From Doing Business In China

...ity of their activities under Mainland law and regulations. Any non-compliant activities should be discontinued immediately and be notified to the SFC. The SFC’s statement was remarkably similar to warnings issued by the Australian Securities and investments Commission during the past months. Read our blog to keep abreast of all **actual and interesting forex news**

Path: Blog
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 ...

Path: Blog
Pros and cons of Labuan company formation

... low taxes for international business. For example, company’s paid-up capital is limited to 1$ and you can also enjoy advantages of paying only 3% or fixed amount of profit tax per year. Setting up a business in Malaysia can also be profitable for investment companies as it can act without separate property, assets and wealth management. This means that doing business in Malaysia can grant your ...

Path: Blog
Mauritius Global Business Category 1 (GBC1)

...ich 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 legislation of Mauritius was amended. In accor...

Path: Blog
Starting your own business in Saint Vincent and the Grenadines

... country operates according to them. This law package is aimed at support of international business like in other popular offshore jurisdictions. Strong growth of international St. Vincent company numbers was observed in early 2000s, when a National investment Promotion Agency started. What business structures are allowed when registering a company in St. Vincent and the Grenadines? In additio...

Path: Blog
Why is Limited Liability Partnership a popular business structure?

...ness structure for the UK company formation. First of all, you will require more than one partner for registering a limited liability partnership. Non-residents mostly choose LLP when they need to limit their obligations and liability to personal investments. The classic image of this business structure combines features of the limited liability company and general partnership. What are the ...

Path: Blog
Cyprus Securities and Exchange Commission is planning to establish an Innovative Hub

...lot of benefits, but also brings forth a great number of risks and one of those being the money laundering risk, it is understandable why CySEC wants to get a better grasp of it. CySEC also noted that it wants to get a better understanding of new investment products and platforms that use blockchain. Specifically, the regulator wants to take count of the risks and benefits involved in using suc...

Path: Blog
Move business wisely. What to consider when choosing offshore jurisdiction?

...Legal part also plays a big role in company formation. Comfortable offshore climate often depends on local regulations. Most considered branches are: asset protection legislation, confidentiality conditions, international business functioning rules, investment laws and taxes. Due to this, many worldwide-known offshore jurisdictions became popular: Cyprus, Switzerland, the UAE and other. Considerin...

Path: Blog
Secrets of starting a business in the UAE

...es taxation policy of the UAE favorable for fresh business. There is a very important point to consider when forming your company in the United Arab Emirates. It consists of seven Emirates, which have different free trade areas, customs rules and investment climate. Different zones have different control authorities, trading requirements and documentation. You should perform a detailed study of...

Path: Blog
Bitcoin and cryptocurrency litigation

...ency has been in the financial space as both a threat and an innovation to the business and economic scene. Budget investors have been swayed by the virtual monetary device that offers anonymity, easy international transactions,and feasibility as an investment instrument. Its familiarity has bred numerous investors in the market. Their rising number has now been converted to the increased value...

Path: Blog
Coinbase was approved by SEC to list security tokens

One of the top U.S. cryptocurrency exchange, **Coinbase Inc., has been granted the regulatory’s approval to acquire securities of several firms** – it is a great progress in legitimizing crypto investments and provisions of related services to public in a trustworthy way. Last month, the exchange announced that it intends to purchase three companies: (I) Keystone Capital Corp., (II) Venov...

Path: Blog
Hedge fund billionaire joined crypto market

**Steven Cohen, better known as the “Hedge Fund King”, recently has enter the crypto market.** Cohen through his venture capital firm, Cohen Private Ventures, made a significant investment in cryptocurrency-focused hedge fund Autonomous Partners, as was stated in the Fortune [article](http://fortune.com/2018/07/12/steven-cohens-bitcoin-crypto-autonomous-partners/){._blank} published on the 1...

Path: Blog
6 ways to save your assets in case of business problems

...oid borrowing money from your company internal funds. Some owners think that they can cut insurance expenses or lend money from pension plan. Short-term planning will help you avoid spending your assets on projects that will not be profitable. Small investments to immediate-resulting projects may help you generate profits slowly but reliably and you won’t need to borrow and spend money you don...

Path: Blog
List of ICOs to watch in June

...dIn profiles; (II) learn every aspect of the project’s whitepaper such as monetization, marketing strategy, scaling, etc.; (III) analyze the legal nature of your potential token (IV); consult with legal and financial advisors regarding your future investment. Given the above, investing in the cryptocurrency and ICO is a very painstaking and risky step, which must be approached as meticulousl...

Path: Blog
Too old for trading

...d different prohibitions and restrictions regarding the minimum age requirement to open an account with any financial services company, including a Forex brokerage, hardly anyone dares to discuss the upper age restriction when it comes to trading or investment. The are a lot of factors which contributed to this silence: (i) desire to be politically correct, (ii) fear of being accused of discrimina...

Path: Blog
Polymath CEO Trevor Koverko on smart investing, secret societies, and security tokens

...hat’s got everyone talking about Trevor Koverko? Quite a few things actually. CoinCental’s Christina Comben squeezed a few minutes of Trevor’s time at the World Blockchain Forum in London, and here’s what we found out. **He Makes Smart investment Choices** Active in crypto since the early days and buying his first Bitcoin on eBay, Trevor is famous for investing in early ICOs, incl...

Path: Blog
New securities policies from Bahamas Regulator

...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 Capital Calculation for Firms Managing and Advising on Securities Policy**. The first o...

Path: Blog
Abu Dhabi Sovereign Wealth Fund entering ADGM

In 1976 the Abu Dhabi Government established an independent investment authority, which is called the **Abu Dhabi Sovereign Wealth Fund**. Main task of this authority is performing investments on behalf of the emirate. Lately, Sheikh 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 l...

Path: Blog
How to choose a suitable company structure for your business?

...unlike sole proprietorship, requires at least two partners to start a business. In most cases, both of the partners are equally reliable for financial obligations of the company. However, some of partnership`s liability can be limited due to capital investments they made in the company. Basically, partnership requires governmental registration and obtaining necessary licenses for functioning. 3...

Path: Blog
Chinese financial services opening up to foreigners

...reign ownership will be treated the same way as those with domestic capital**. Moving forward to stock markets - changes will apply as well. From the May 1st, 2018, daily stock quota between the Hong Kong and mainland will change. Hong Kong-bound investment will be increased to CNY42bn and Shanghai-bound and Shenzhen-bound to CNY52bn for investment. These **changes will open new ways for trader...

Path: Blog
Why do they always choose Cyprus?

...king about banking system, Cyprus jurisdiction also is on a high level. Offshorelicense Ltd specialists are ready to help you analyze banking facilities in Cyprus and select the one most suitable for your company. Depending on your needs you can use investment, financial, retail banking and choose between loan types, management variations and other services. This means that companies with differen...

Path: Blog
How to Relocate Your Business Overseas: Expert Recommendations

...ting assets, cutting taxes, optimizing expenses: these are only few financial reasons, but enough to start thinking of this. Also, you get anonymity while acting in foreign country, access to new undiscovered markets and incredible possibilities of investments. [![british_virgin_silands_bc_formation.png](https://www.offshorelicense.com/storage/app/uploads/public/5a9/ff5/524/5a9ff5524a2d572...

Path: Blog
Virtual currency draft bill in Gibraltar

... 2018. How will Gibraltar treat **virtual currencies**? First, sale, distribution and promotion of any kinds of tokens and coins which use blockchain technology will be subjected to the regulation. Consequently, new acts will contain rules about investments, secondary market activities and probably investment funds holding digital assets. Narrowing this information, legal regulation will co...

Path: Blog
Why Moving Your Business Offshore Sounds Reasonable

...n Easier.** No bureaucracy, no paperwork, no unbearable payments. This is how incorporating a company sounds in the offshore jurisdictions. Policies of the most offshore territories are simplifying this process to attract more businesses and more investments. If you are working on business effectiveness, moving your business to a suitable offshore territory is a reasonably good idea. It is und...

Path: Blog
Shanghai Free Trade Zone: the updates

...here 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 news is that tech companies will have more opportunities to grow. ...

Path: Blog
Bermuda warns: virtual currency shall not pass

... and the new legal initiatives are giving business space to work. However, it is not about **Bermuda**. Currently, this territory is not against cryptocurrencies, but the Bermuda Monetary Authority has already expressed its position about crypto-investments. According to the authority’s opinion, investing in new technologies, including cryptocurrencies, poses a serious risk. One of the sc...

Path: Blog
Review of the Funds in Cayman Islands

...funds is USD 2.526 trillion. The Cayman Islands Monetary Authority also foresees that evolution and development of the funds sector in the Cayman Islands will continue to progress. **Offshorelicense Ltd** is continuously observing the changes in investment climate all over the world. Do not miss the latest news on our blog!

Path: Blog
God Save the Queen. Paradise Papers Revelation

...ls and companies. Now is the time for the **Paradise Papers** and we are on it to analyze deeper. Leaked documents were published on November 5, and the International Consortium of Investigative Journalists reported its contents. **Offshore funds investment is not an illegal action** and it does not mean that the investor had done anything wrong. Unfortunately, some businessmen prefer law circu...

Path: Blog
The Shanghai Free-Trade Zone: Development Plans

... 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 standards. • Pudong Airpo...

Path: Blog
Bitcoin and its possible impact on insurance

...e that they would have to pay the bank. Online stores from across the world could also gain more profit by using bitcoin instead of other online payment methods like Paypal where there are charges for currency conversion and additional fees. 4. **investment** – People may also get enticed by the history of bitcoin price. Because of the recent rise in bitcoin prices, a lot of people have begun...

Path: Blog
Why should you invest in offshore business?

...eat positive moment for foreign investors? Offshore jurisdictions mostly support diversity. If you have made decision on investing, you are able to choose more than one country and more than one business. This possibility distinguishes international investments fr om domestic. When some countries restrict foreign investments for its citizens, offshore jurisdictions mostly support international acc...

Path: Blog
The government of Zimbabwe is willing to treat bitcoin same way Switzerland does

...ly **Mthuli Ncube, the new minister of Finance in the Republic of Zimbabwe has stated that it is in the country’s interest to enforce Bitcoin at a national level**,similar to the way Switzerland does. Referring to the Swiss central bank’s “investment and understanding” in Bitcoin, the financial minister said he will communicate with the Reserve Bank of Zimbabwe (RBZ) to follow the abov...

Path: Blog
Canada is Planning to Restrict Cryptocurrency Short Selling

Canadian financial regulatory authorities are currently developing **new rules for cryptocurrency exchanges** within the country. The Canadian Securities Administrators (CSA) and the investment Industry Regulatory Organization of Canada (IIROC) announced a new framework for cryptocurrencies exchanges that would terminate short selling and margin trading of digital assets The development of the...

Path: Blog
The main benefits of Cyprus formation

...ial and business centers. Its reliable legal system, actual tax legislation and signed double tax treaties, the affordable and qualified corporate services offered and the simple incorporation mechanism made Cyprus one of the most popular places for investment worldwide. Stay with Offshorelicense to keep abreast of all the important and actual facts in the field of offshores.

Path: Blog
Mauritius is willing to adapt distributed ledger technology and acknowledge the cryptocurrency as digital asset

...above-mentioned technologies and assets would only accelerate this process. Mauritius considers innovations, specifically in the field of artificial intelligence (AI) and FinTech, along with blockchain technologies, as a method of increasing private investment and employment. As you may know, Mauritius announced its “Three Year Strategic Plan 2018/2019 – 2020/2021” earlier this year. The ...

Path: Blog
iFX EXPO Asia, Hong Kong 2019

....offshorelicense.com/licensing/maurtius-global-business-licence){._blank} ☑ [Estonian Cryptocurrency Exchange License](http://www.offshorelicense.com/licensing/estonian-cryptocurrency-exchange-license){._blank} ☑ [Cayman Islands Securities investment Fund License](http://www.offshorelicense.com/licensing/cayman-islands-securities-investment-fund-license){._blank} Do not hesitate to co...

Path: Blog
Cyprus intends to tighten the rules for issue of "Golden passports"

... Parliament of Cyprus voted in favor of a bill tightening the issue of so-called “Golden passports” to investors, as reported by the Cyprus Times newspaper. “Golden passports” refer to passports and residence permits, granted in exchange for investments in the economy of the country. 29 deputies voted for the bill and 17 – against it. The above-mentioned law will come into force on 31...

Path: Blog
Good times are over. Russian owned Cyprus companies will have to prove their real economic activities within the country.

...n companies**. The aforesaid convention concerns bilateral agreements on the avoidance of double taxation which companies can use in tax avoidance schemes. We would like to point out that among other countries Cyprus ranks at the top regarding investments in the Russian Federation, and in accordance with expert estimates, about 40% of Russian non-resident companies registered solely for the ...

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

...ceiving 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 shares, interest on deposits, bonds, etc. Comparing this data with received declarations will allow to ident...

Path: Blog
EU Member States Granted Citizenship To Over 800 Thousand People In 2017

...inian**. In February 2019, Parliament of Cyprus voted for a bill that would introduce more strict requirements for the issue of so-called ‘gold passports’ to investors. Similar to a residence permit these passports are granted in exchange for investments in the economy of the republic. This bill will take effect as of January 31, 2020. Read our blog to keep abreast of all interesting and a...

Path: Blog
CySEC has introduced a new reporting form for CIFs

**The Cyprus Securities and Exchange Commission (CySEC) recently has announced that Cyprus investment Firms (CIFs) are required to fill in a new form detailing their trading volumes for 2018.** The aforementioned forms require retail brokers to indicate their trading volumes for the past year. CIFs are obliged to classify their volumes into asset sub-classes and include all undertaken trades. ...

Path: Blog
Herding in the most volatile market in decades

... or decrease. In this case the market is not psychologically based and does not care what the price is because there seems to a method to its madness, a trader would look to use more due diligent approaches such as fundamental analysis in his/her investment decisions, if this is the case. It should be noted that when finding herding in a financial market, this does not mean that fundamental ...

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

...ng products dressed up as financial instruments. By confirming our ban today, we are ensuring that investors don’t lose money from an inherently flawed product."* UK consumers should continue to be cautious and on the lookout for binary options investment scams, and should only deal with financial firms duly authorized by the FCA. Since the sale of binary options to retail consumers is now pr...

Path: Blog
Australia 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: Blog
Australian commision requires each and every piece of information about its brokers

**One week ago, Australian Securities and investments Commission (ASIC), in accordance with the new Product Intervention Law, was granted with a set of ‘tools’ that can be applied if brokers offer their products to wrong customers.** ASIC has already started to actively use its new powers. The regulator has issued a data collection notice to brokers, requiring a great deal of information...

Path: Blog
Mauritius has announced new regulatory framework for security token offering

...will be no STO in Mauritius without prior approval. It is worth to note that there are several exceptions for when a token issuer needs authorization. If the issue is targeting “sophisticated” or “expert” investors and funds, or professional investment schemes, prior approval is not necessary. Carrying out financial services without a license is a criminal offense. The FSC warns investo...

Path: Blog
OTC derivatives regime to be updated in Hong Kong

...il June 25, 2019. The Hong Kong regulators have also improved their compliance requirements in order to enforce money-laundering rules. Earlier last month, the Hong Kong Monetary Authority imposed a HK$12.5 million ($1.6 million) fine on a major investment company. Read our blog to keep abreast of all interesting and actual regulatory news.

Path: Blog
Cyprus passport - new regulations and more demanding requirements

Recent years have seen a growing interest in investor citizenship (“golden passport”) and investor residence (“golden visa”) programs, which aim to attract investment by granting investors citizenship or residence rights of the involved country. Cyprus, among other countries, has raised concerns about certain inherent risks of such programs, in particular as regarding security, money laun...

Path: Blog
Utility tokens to be! A new crypto legislation in Montana

...al earlier this month, the bill will take effect on July 1, 2019. In accordance with the new regulations, any project that is planning issue of token must file a request with the States securities commission and shall not indicate any token as an investment or speculative instrument. Another prescribed limitation is that the "consumptive purpose" of utility token is to remain available withi...

Path: Blog
CySEC proposes three levels of leverage for retail clients

...provide an opportunity for feedback on what we see as the fundamental new rules of engagement.”* Additionally, Kalogerou underlined that customer demand for high risk, speculative trading products continues to increase in Europe, wherein Cyprus investment firms must continue reforming their business models to ensure investors are adequately protected. Read our blog to keep abreast of all a...

Path: Blog
New crypto regulation from Switzerland

...the regulator stated that the new regulation will grant recognized “innovative financial companies” the ability to accept public deposits of up to 100 million Swiss francs (or just over $100 million), under the condition that these funds are not investments and the companies does not pay interest on them. This development is a consequence of a recent revision to the country’s Banking Act by ...

Path: Blog
Cyprus has transferred to Moscow Russian bank account holders data for 2017

...l", as of September 2018, 82 countries promised to transfer information to the Federal Tax Service of Russia (FTS). Full name of the client, account number, name and details of the foreign bank, account status, cash flow for the year, the client’s investment income from the sale of shares, and interest on deposits and bonds should be disclosed according to the agreements reached on October 29, 2...

Path: Blog
Black pearl of Caribbean. International business company at Saint Vincent and the Grenadines.

... an attractive jurisdiction that has consented to implement the OECD’s automatic exchange of information for tax purposes (AEoI) by 2018. Saint Vincent and The Grenadines formations are frequently used for Forex brokers, international trade and investment, banking, and e-commerce businesses. Read our blog to keep abreast of all interesting and actual offshore topics.

Path: Blog
South Korea is planning to amend current tax legislation in order to boost blockchain startups

...h Korea’s push for "innovation and growth". **The amendments will soften the requirements for companies to be eligible for tax benefits**. In the past, companies had to distribute 5% of their previous year’s gross sales to R&D and 10% of this investment was to be focused on new growth technologies. This requirement was amended so that companies would need to dedicate 5% of the current year...

Path: Blog
Cryptocurrency: what are your options?

...ncy has been in the financial space as both a threat and an innovation to the business and economic scene. Budget investors have been swayed by the virtual monetary device that offers anonymity, easy international transactions, and feasibility as an investment instrument. Its familiarity has bred numerous investors in the market. Their rising number has now been converted to the increased value...

Path: Blog
Bitmain's IPO: looming threats and insights from a Bear market

...new market, competitors start to rush in like sharks at the sniff of blood. Companies like Canaan, Inc, Ebang International Holdings, and even Samsung are likely going to encroach on Bitmain’s mining and mining equipment sale dominance. Prior investments in Bitmain included roughly $784 million across Series A and Series B rounds, including IDG, Sequoia China, and Kaifu Lee’s Sinovation f...

Path: Blog
The new identification system for Australian directors

...g directors will have 15 months to apply for the DIN as of the date the amendments come in force. Directors of all Australian companies are set to be subject to the new DIN conditions. This includes directors of companies that are liable for managed investment schemes and registered charities. The DIN will oblige all of the directors to verify their personality and there will be a special ident...

Path: Blog
Singapore clarified new requirements for digital advisors

Recently **the MAS (Monetary Authority of Singapore) has announced a lot of new rules and initiatives planned to develop the government fintech industry**, with its latest move purposed at making life easier for digital investment consultants that operate as financial advisers. The MAS has made great progress in facilitating the use of modern technologies in the financial services area. The a...

Path: Blog
New legislation of Jersey will allow to form Limited Liability Company

...le that can meet their cross-border requirements. We are focused on supporting their needs, having announced earlier this year our intention to open an office in the US in the near future. In the US, LLCs are a structure of choice for alternative investment funds, with US advisers and managers being familiar with LLC structures and aware of the benefits they can provide in terms of tax transpar...

Path: Blog
An upcoming new trade agreement between Australia and Indonesia

... The above-mentioned regulations were highly appreciated by the Australian Chamber of Commerce and Industry. CEO James Pearson said: *"We hope that the announcement, and the prospect of a formal signing in the near future, will boost trade and investment between our two nations, and build on the fact that Indonesia and Australia are already partners, along with the rest of ASEAN, in our long...

Path: Blog
ICO vs IPO. Main differences

...rences are: 1. I) **Scales**. IPO’s are generally performed by large companies that want to expand their market shares and develop even further their scope of business. In contrast, ICO’s are usually executed with the intention to raise first investments and enter the market. 2. II) **Documentation**. A legal document which is necessary for an IPO is called “prospectus”, it must follow...

Path: Blog
Cyprus Forex License

... member of the EU, Cyprus is in full compliance and duly harmonized with the EU Markets in Financial Instruments Directive(MiFID) There are two types of licenses in Cyprus applicable for forex and usually the companies are known as CIF – Cyprus investment Firm: Standard license –approx. EUR 125,000.00, broker can hold clients’ money but cannot trade on its own account; Full licens...

Path: Licensing
CIM Bank Account Opening

...or any other additional fees, charges or commissions that may be required by bank are not part of our professional fees for assistance of opening a bank account. The bank offers range of services and products Personal and commercial account investment execution: stock, bonds, funds, derivatives and forex Counselling on financial investment Asset Management Executing payment orders ...

Path: Banks
Seychelles Securities Dealer License

...e 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: within 3-5 months Minimum capital requirement:  investment Dealer License - USD 50 000 Overview Dealers in Securities license allows the company to trade in securities as a principal o...

Path: Licensing
Labuan Token License

...ma. If the Malaysian word Berhad is used then it must be preceded by "(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 connecti...

Path: Licensing
Deltec Bank Account Opening

...73 and is one of the oldest, most stable democracies in the Western Hemisphere, with more than 280 years of uninterrupted parliamentary democracy. Conveniently located in the same time zone as New York and Miami, The Bahamas is an ideal location for investment and business. Headquartered in The Bahamas, Deltec is an independent financial services group that delivers bespoke solutions to meet cl...

Path: Banks
Deltec Bank Account Opening

...73 and is one of the oldest, most stable democracies in the Western Hemisphere, with more than 280 years of uninterrupted parliamentary democracy. Conveniently located in the same time zone as New York and Miami, The Bahamas is an ideal location for investment and business. Headquartered in The Bahamas, Deltec is an independent financial services group that delivers bespoke solutions to meet cl...

Path: Banks
Czech Republic small PSP License

...he setting up of the applicant Copies of 3-5 years audited financial statements Detailed plan of activities, including: - Sales plan for the next 3-5 years; - Financial plan in conformity with the requirements of the Czech National Bank; - investment plan in conformity with the requirements of the Czech National Bank; - Marketing plan in conformity with the requirements of the Czech Na...

Path: Licensing
Bank One Bank Account Opening

...es for assistance of opening a bank account. The bank offers range of services and products Personalised account service Savings & term deposits Elite current account without ledger fees & best in market rates on saving products investment related information Multicurrency deposit accounts Specialized products and solutions Banking services for Trusts and Foundations Pl...

Path: Banks
Czech Republic small Electronic Money Institution License

...he setting up of the applicant Copies of 3-5 years audited financial statements Detailed plan of activities, including: - Sales plan for the next 3-5 years; - Financial plan in conformity with the requirements of the Czech National Bank; - investment plan in conformity with the requirements of the Czech National Bank; - Marketing plan in conformity with the requirements of the Czech Na...

Path: Licensing
Bank One Bank Account Opening

...es for assistance of opening a bank account. The bank offers range of services and products Personalised account service Savings & term deposits Elite current account without ledger fees & best in market rates on saving products investment related information Multicurrency deposit accounts Specialized products and solutions Banking services for Trusts and Foundations Pl...

Path: Banks
Czech Republic PSP License

...he setting up of the applicant Copies of 3-5 years audited financial statements Detailed plan of activities, including: - Sales plan for the next 3-5 years; - Financial plan in conformity with the requirements of the Czech National Bank; - investment plan in conformity with the requirements of the Czech National Bank; - Marketing plan in conformity with the requirements of the Czech Na...

Path: Licensing
Switzerland Crypto License

...es in the field of cryptobusiness fall under one of the following licenses (depending on the business model, one activity may fall under several licenses at the same time): Financial intermediary license (the most common); Banking license; investment fund license; Dealer in securities license. As for the ICO itself, FINMA regulates this activity, dividing produced tokens into thre...

Path: Licensing
Bulgaria Portfolio Management License

...ised by Financial Supervision Commission of Bulgaria (FSC) and governed by Financial Supervision Commission Act and the MiFID Directive.Overview The Financial Supervision Commission of Bulgaria allows a licensed entity to conduct various types of investment activities. Depending on the scope of business activity of a particular applicant, different licensing requirements may apply; in this resp...

Path: Licensing
Labuan Money Broking License

...ma. If the Malaysian word Berhad is used then it must be preceded by "(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 connect...

Path: Licensing
Belize Money Transmission License

...ilitate fast and simple incorporation, and its modern and computerized IBC Registry is capable to process a company registration quickly. To satisfy the expectations of sophisticated investors around the globe Belize now provides a full bundle of investment vehicles. Due to such expansion of services Belize has become a more attractive place for starting business. For aforementioned reasons thi...

Path: Licensing
Hong Kong Type 9 (Asset Management) License

...urities and Futures Ordinance (SFO), Type 9 “asset management”, means providing a service of managing a portfolio of securities or futures contracts for clients on discretionary basis. This category of regulated activity will cover discretionary investment managers, whether managing a hedge fund, account or related fund. It is relevant to note that the Type 9 license not only covers portfol...

Path: Licensing
UK Crypto Exchange Company Formation

...pto Exchange setups may fall within the FCA’s regulatory boundaries depending on how they are structured, and it can only be decided case by case. Still, most Crypto Exchanges will fall outside the regulated area and will not involve any regulated investments under the relevant law. In other words, promoters involved in Crypto Exchanges are recommended to carefully consider whether their activit...

Path: Licensing
Saint Vincent and the Grenadines Forex Company Formation

...th different rights, limitations and restrictions in one or more currencies Bearer shares are allowed (not recommended) Limited liability of shareholders There are no requirements for annual external audit or publish any financial records No investment restrictions, except for purchases of property in St. Vincent No limit on loans or paying dividends, except those mentioned in articles o...

Path: Licensing
British Virgin Islands Forex License

...the application is submitted to the Regulating authority, they will decide on the required capital, usually it is in the range of 100,000.00 – 250,000.00 USD. Non-refundable licence application fee payable to the FSC: USD$ 1,000 Initial investment Business Licence fee payable to the FSC: USD$ 1,500 (NB: if licensed after June 30th this is reduced to US$750) Overvie...

Path: Licensing
Vanuatu Dealer's in Securities License

...ers in Securities License under this act by a Vanuatu international company or by an individual, who is a Director / Officer of the company. Moreover, the clients can benefit from this license because it permits the holder to manage the portfolio of investments and to operate with securities (sell and buy) for the client or even on his behalf. The Company should have a responsible Anti-Money La...

Path: Licensing
AfrAsia Bank Account Opening

...igned as of 2016) and others in 2007, in Mauritius. Today the Bank has subsidiaries in Mauritius, with representative offices in Cape Town and Johannesburg. Besides providing Private Banking & Personal Banking the bank focuses on Corporate & investment Banking, Global Business Solutions and Treasury. The corporate philosophy is to be the reference point for Corporate and investment Banking...

Path: Banks
Japan Virtual Currency Exchange Provider’s License

... company plans to deal in. The following are some examples of businesses that do not fall under the Virtual Currency Exchange Business, as described by the Act: Natural or legal entity that engages in Virtual Currency trade only for its own investment purpose; Companies engaging in Cryptocurrency Mining; Software developers; Wallet service providers that do not engage in sale or pur...

Path: Licensing
Hong Kong Type 3 (Leveraged Foreign Exchange Trading) License

...ome Tax on foreign sourced income; No withholding tax on interest, dividends and royalty No requirement to maintain a local office No requirement to have Hong Kong residents in the structure Hong Kong imposes no restrictions on foreign investments and has no foreign exchange controls General information Company structure Minimum 1 director (can be only natural persons, a...

Path: Licensing
Bahamas Dealing in Securities License

...o 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 Overview No company may carry on or has purpose to carr...

Path: Licensing
Belize Forex License

...used on forex trading companies. Provision of such services is regulated by International Financial Services Commission of Belize (IFSC). To satisfy the expectations of sophisticated investors around the globe Belize now provides a full bundle of investment vehicles. Due to such expansion of services, Belize is now an attractive place for starting business. For aforementioned reasons this Centr...

Path: Licensing
Costa Rica Gambling License

... Company may utilise a broad range of internationally accepted abbreviated words as suffixes to denote their limited liability. Names Requiring Consent or a Licence: Bank, buildings society, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, finance N.B. Restricted connections for company name: name of state, national or local government. Any ...

Path: Licensing
Alderney Gambling License

...ional Company may utilise a broad range of internationally accepted abbreviated words as suffixes to denote their limited liability. Names Requiring Consent or a Licence: Bank, buildings society, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, finance N.B. Restricted connections for company name: name of state, national or local government. ...

Path: Licensing
CIM Bank Account Opening

...or any other additional fees, charges or commissions that may be required by bank are not part of our professional fees for assistance of opening a bank account. The bank offers range of services and products Personal and commercial account investment execution: stock, bonds, funds, derivatives and forex Counselling on financial investment Asset Management Executing payment orders ...

Path: Banks
Comert Bank Account Opening

...gers who are oriented towards a successful development, socially and financially responsible, who respect its obligations faultlessly legal requirements. Among the bank's clients are representatives of various fields, such as industrial enterprises, investment, pharmaceutical, agricultural and commercial enterprises. Permanent work is carried out with offers for individuals as well as ...

Path: Banks
AfrAsia Bank Account Opening

...igned as of 2016) and others in 2007, in Mauritius. Today the Bank has subsidiaries in Mauritius, with representative offices in Cape Town and Johannesburg. Besides providing Private Banking & Personal Banking the bank focuses on Corporate & investment Banking, Global Business Solutions and Treasury. The corporate philosophy is to be the reference point for Corporate and investment Banking...

Path: Banks
Scotland Limited Partnership Formation

...tnership or L.P. Restricted Words: Bank, Trustee Company, Assurance, Building Society, Trust Company, Royal etc. Names Requiring Consent or a Licence: Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision N.B. Restricted connections for company name: name of state, national or local governmen...

Path: Companies
Cyprus Limited Liability Company Formation

...tly 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 stable economy and a welcoming territory for any type of investments. The company registration procedure in Cyprus is basically the same for all business entities, having a simple and straightforward structu...

Path: Companies
Isle of Man Limited Liability Company Formation

...graphical 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 sectors, with a well-developed advisory and financial infrastructure and good transport links. Foreign Investors...

Path: Companies
Switzerland Limited Liability Company Formation

...The Swiss tax system grants holding companies privileged tax status at the cantonal level, when the following three conditions are met: The company articles must state that the main activity of the company is the long-term management of equity investments. The company must not have any operating business activity in Switzerland. Certain activities are accepted, such as managing the company...

Path: Companies
Netherlands Limited Liability Company (LLC) Formation

...Language: Any Letters: From Roman alphabet Company name must end with: Besloten Venootschaap or BV Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, co-operation, council, municipal N.B. Restricted connections for company name: name ...

Path: Companies
United Kingdom Limited Liability Partnership Formation

...land, Scottish, Wales, Welsh, 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. ...

Path: Companies
United Kingdom Limited Company Formation

...land, Scottish, Wales, Welsh, 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. ...

Path: Companies
Gibraltar Limited Liability Company Formation

... Company is, by far and away, their most popular offshore financial  product. Gibraltar’s “offshore” International Business Company (IBC)  equivalent, referred to as a Gibraltar Non-Resident Company, is an  international investment and tax-planning vehicle. These international  instruments are much the same as typical, local Gibraltar companies. As  such, the...

Path: Companies
USA Delaware Limited Liability Company Formation

...bbreviations: Limited Liability Company, Limited Company Restricted words: 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 sta...

Path: Companies
Andorra Limited Liability Company (SL) Formation

...efits include being treated as an EU member state for trade in manufactured goods and having a monetary agreement with the EU, which allows Andorra to issue euro coins and to make the euro its official currency. Since the major reform of the Foreign investment Law has been implemented in 2012, foreign investors are now allowed to fully own a local company. However, there is a requirement for a ...

Path: Companies
Labuan International Business Company Formation

.... If the Malaysian word Berhad is used then it must be preceded by "(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 connecti...

Path: Companies
St.Lucia International Business Company Formation

...s or their abbreviations: Limited, Corporation, 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 gove...

Path: Companies
British Virgin Islands International Business Company Formation

... with such sufixes or their abbreviations: Limited, Corporation, Incorporated, 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, n...

Path: Companies
Belize International Business Company Formation

...bean coast of Central America. An International Business Company (IBC) is arguably one of the most effective corporations it is a tax-exempt vehicle, very popular among advanced entrepreneurs around the world. It can be used for offshore banking, investment activities, asset protection and the operation of many types of business. The IBC has full tax exemption in Belize and is widely suitabl...

Path: Companies
Antigua and Barbuda International Business Company Formation

...ns: Limited, Corporation, Incorporated, 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 gove...

Path: Companies
St. Vincent and the Grenadines LLC Company Formation

...uia, Mustique, Canouan and Union Island. The legal system is based on British legal system including appeals to the Privy Council based in the United Kingdom. A St. Vincent IBC is a tax free vehicle for undertaking a wide range of business and investment opportunities under the jurisdiction of St. Vincent and the Grenadines, characterised by robust asset protection and some of the strongest ...

Path: Companies
Vanuatu International Business Company Formation

... complete privacy, for instance if the company shares are held by a trust, the ownership is legally vested in the trustee, thus gaining the potential for even greater tax planning. International companies are widely used vehicles for holding various investments such as property, shares, patents, etc. and can also be useful in operating trading businesses. Both their tax free status and the secrecy...

Path: Companies
Saint Kitts and Nevis Limited Liability Company (LLC) Formation

... Advantages of Saint Kitts and Nevis Limited Liability Company LLC: - Well-developed telecommunications infrastructure - Access to highly educated and skilled workforce - Economic, political, financial stability - For qualified investment projects, there are tax incentives known as – tax holidays - English is an official language - Legislation provides confidentiality f...

Path: Companies
Poland Limited Liability Company Formation

...s. Director of a Polish company may be a foreigner, and you may choose employees of business for yourself, according to your mentality and appropriate for your professional requirements. Your company in Poland will bring the real profit with minimal investment and a positive business climate.General information Company structure Minimum one shareholder (can be either natural persons or le...

Path: Companies
Alfa Bank Account Opening

...Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking and other ancillary services to corporate and retail customers. Alfa Bank is a subsidiary of the Russian Alfa Bank and ...

Path: Banks
Account Opening in Bank of Georgia

...ount opening: 7-14 working days Overview: JSC Bank of Georgia provides a range of banking products and services to corporate and individual customers in Georgia. The company operates through Retail Banking, Corporate Banking, investment Management, BNB, and Other segments. It offers retail banking services comprising accounts, cards, deposits, loans, money trans...

Path: Banks
Alfa Bank Account Opening

...Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking and other ancillary services to corporate and retail customers. Alfa Bank is a subsidiary of the Russian Alfa Bank and ...

Path: Banks
Euro Pacific Bank Account Opening

... Pacific Bank differentiates itself through a unique banking model. Many of the traditional banking services (mortgages, car loans, credit cards, trade finance etc.) are not offered and instead, the Bank focuses on offering transactional banking and investment services, which are superior to those of others in the industry. One of the key facets of the Bank’s business model is the no...

Path: Banks
Euro Pacific Bank Account Opening

... Pacific Bank differentiates itself through a unique banking model. Many of the traditional banking services (mortgages, car loans, credit cards, trade finance etc.) are not offered and instead, the Bank focuses on offering transactional banking and investment services, which are superior to those of others in the industry. One of the key facets of the Bank’s business model is the no...

Path: Banks
Fidelity Asia Bank Account Opening

...aysia.Account opening:  7-14 working days Overview: Fab Banking offers a lifelong partnership dedicated to giving banking solutions that will work in time to help your business succeed. FAB seeks to drive trade and investments between the thriving and resource-hungry Asian economies and the resource-rich African continent. They aim to do this by forging trade lin...

Path: Banks
Fidelity Asia Bank Account Opening

...aysia.Account opening:  7-14 working days Overview: Fab Banking offers a lifelong partnership dedicated to giving banking solutions that will work in time to help your business succeed. FAB seeks to drive trade and investments between the thriving and resource-hungry Asian economies and the resource-rich African continent. They aim to do this by forging trade lin...

Path: Banks
Public Bank Berhad Account Opening

...o provides Islamic banking, share broking, trustee services, nominee services, sales and management of unit trust funds, bancassurance, and general insurance products. In addition, it offers credit cards, remittance services, deposit collection, and investment products. Further, the company provides investment banking services, including structured financing, corporate advisory, merger and acquisi...

Path: Banks
Account Opening in Bank Alpinum

...th BA’s high quality banking services makes BA one of the solid and best financial institutes in the world for your purpose. BA is offering all kind of Private Banking Services such as Private, trust and Company accounts, Credit Cards, investment Advisory, Portfolio Management and it is also specialised in merchant account services for international commercial clients. The Bank’s s...

Path: Banks
Pacific Private Bank Account Opening

...ent is favourable for foreign investor capital protection. The Bank focuses in providing services to corporate and private customers from around the world. Specialized in wealth and asset management, the bank develops and offers tailored investment solutions. By providing personalized banking services the bank is able to accommodate the individual objectives of every custom...

Path: Banks
Limited Liability Company in Lithuania

...rporation: 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 financial market. Lithuania has benefited from EUR180 million per year of European Union (EU) assista...

Path: Companies
Public Bank Berhad Account Opening

...o provides Islamic banking, share broking, trustee services, nominee services, sales and management of unit trust funds, bancassurance, and general insurance products. In addition, it offers credit cards, remittance services, deposit collection, and investment products. Further, the company provides investment banking services, including structured financing, corporate advisory, merger and acquisi...

Path: Banks
Account Opening in Bank Alpinum

...th BA’s high quality banking services makes BA one of the solid and best financial institutes in the world for your purpose. BA is offering all kind of Private Banking Services such as private, trust and company accounts, credit cards, investment advisory, portfolio management and it is also specialised in merchant account services for international commercial clients.  ...

Path: Banks
Account Opening in Bank of Cyprus

...h significant market shares across all businesses.Account opening: 7-14 working days Overview: The Bank provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance. The Bank has 129 branches, of which 123 are i...

Path: Banks
Pacific Private Bank Account Opening

...ent is favourable for foreign investor capital protection. The Bank focuses in providing services to corporate and private customers from around the world. Specialized in wealth and asset management, the bank develops and offers tailored investment solutions. By providing personalized banking services the bank is able to accommodate the individual objectives of every custom...

Path: Banks
Comert Bank Account Opening

...gers who are oriented towards a successful development, socially and financially responsible, who respect its obligations faultlessly legal requirements. Among the bank's clients are representatives of various fields, such as industrial enterprises, investment, pharmaceutical, agricultural and commercial enterprises. Permanent work is carried out with offers for individuals as well as ...

Path: Banks
Account Opening in Bank of Georgia

...ount opening: 7-14 working days Overview: JSC Bank of Georgia provides a range of banking products and services to corporate and individual customers in Georgia. The company operates through Retail Banking, Corporate Banking, investment Management, BNB, and Other segments. It offers retail banking services comprising accounts, cards, deposits, loans, money trans...

Path: Banks
Account Opening in Bank of Cyprus

...h significant market shares across all businesses.Account opening: 7-14 working days Overview: The Bank provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance. The Bank has 129 branches, of which 123 are i...

Path: Banks
Macau Offshore Commercial Company (OCC) Formation

...e factors have been increasing in Macau, and economic environment has met sustained development, in particular, hospitality and tourism, which drove the rise of Macau's economy, and the international community showed increasing confidence concerning investment in Macau. At the same time, Macau is also one of the freest and most open regions for global trade and investment.General information Co...

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

...al gains. The tax base is calculated from the accounting profit/loss shown on the relevant financial statements, prepared according to the Czech accounting legislation. A corporate income tax rate is 19%. A corporate income tax rate of 5% applies to investment funds, unit funds and pension funds. Czech legislation allows taxpayers to change their accounting period from calendar year to fiscal year...

Path: Companies