Search
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: Bloginvestments 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: BlogAustralian 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: BlogQuebec 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: CompaniesSFC 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: BlogA 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: BlogWhy 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: BlogOutbreak of Crypto Frauds Amid Coronavirus Outbreak
...) has warned investors to avoid coronavirus-related cryptocurrency schemes that may seem too good to be true. “These scams take many forms and could be about insurance policies, pensions transfers or high-return investment opportunities, including investments in cryptoassets,” the FCA writes. People are advised to immediately reject any offers coming out of the blue, beware of adverts on socia...
Path: BlogPotential PayPal Entry into Cryptocurrency Market
...wers. Such a step could also give a contribution to internal market competition. This way other exchanges could start to re-evaluate their products and costs to be able to stand up against big companies like PayPal. This will promote blockchain investments and the payments industry will open secure ways for consumers to get more certainty when they are buying, selling, and spending crypto. ...
Path: BlogCan Bitcoin Replace Gold As the Safe-Haven Asset?
...0bn. In September the Securities and Exchange Commission of Nigeria announced that it will be regulating the trade of digital currencies in the country and clearly defined crypto assets as securities. Such clarity leads to faster innovation and more investments. Also, Switzerland, a known store of value for the world’s richest in its aged private banking network, recently amended legal code t...
Path: BlogASIC’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: BlogSouth 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: BlogEl 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: BlogAustralian 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: BlogGerman 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: BlogComprehensive Guide to Opening an Offshore Company in Seychelles
...on the company's account is $50,000. Contact us for more details. Is Binance crypto company registered in Seychelles? As of now, Binance, a leading global crypto exchange, is registered in different jurisdictions. One of its companies, Binance investments Co., Ltd, is registered in Seychelles. What crypto exchanges are registered in Seychelles? Several notable crypto exchanges are regi...
Path: BlogEstablishing an Offshore Business: An Overview
...ke advantage of free money transfers and capital gains tax breaks in some countries. Holding corporations: Offshore holding corporations assist in managing subsidiaries on a global scale while minimizing taxes on dividends, capital gains, and reinvestments. Personal Holding Companies: High-net-worth individuals can utilize these to preserve assets and maintain anonymity while lowering ad...
Path: BlogSeychelles 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: CompaniesBank 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: BanksBank 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: BanksLabuan 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: LicensingEl 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: LicensingCyprus passport - new regulations and more demanding requirements
...it documents, compliant with old requirements, till July 15. **It is worth noting that in February 2019, the Council of Ministers of Cyprus approved the terms for the new procedure of granting citizenship of the Republic of Cyprus in exchange for investments.** The new rules that came into force as of May 15, among others, include the following requirements: • Schengen visa issued by EE...
Path: BlogUK 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: BlogAustralia adopted a new product intervention law
Under the new law, the Australian Securities and investments Commission (ASIC) is gaining the same powers ESMA has in Europe, but it might be limited in using those for the next two years. The Design and Distribution Obligations and Product Intervention Powers Bill or simply Treasury Laws Amendment has recently passed both houses of Australian Parliament. **A new bill is going to essential...
Path: BlogVirtual 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: BlogWhy 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: Blog6 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: BlogHow 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: BlogGod Save the Queen. Paradise Papers Revelation
...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 circumvention to avoid taxes. This makes everyone think that the offshore investments are something to judge for. It is not a big secret that the UK admires its Queen - a lot. Considering this, **Paradise Papers** become...
Path: BlogThe 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: BlogEU 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: BlogShanghai 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: BlogWhy 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: BlogBermuda 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: BlogHow 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. [. **The ADGM is the l...
Path: BlogGood 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: BlogCyprus 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: BlogNew 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: BlogICO 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: BlogBitmain'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: BlogCayman Investment Funds
**The Cayman Islands is an enormous international financial center and a leading hub for international investments.** This status of the Cayman Islands is due to its compliant and effective laws, easily accessible professional service providers, and high reputation amid stakeholders. Besides all this the Cayman Islands has no capital gains, income, profits, corporation or withholding taxes ne...
Path: BlogCoinbase 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: BlogHedge fund billionaire joined crypto market
...ublished on the 12th July. The amount of the investment is not revealed yet. Arianna Simpson, a venture investor with a considerable crypto background, is the founder of the Autonomous Partners. The mentioned above crypto fund has already secured investments from some of the major players, including Coinbase CEO Brian Armstrong, Union Square Ventures and Craft Ventures. This is not the first...
Path: BlogSwitzerland 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: CompaniesCyprus 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: CompaniesFidelity 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: BanksFidelity 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: BanksVanuatu 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: CompaniesDeltec Bank Account Opening
...approximately one third of the world’s top 100 banks – and easily accessible to international financing and global capital markets Account relationship requirements Clients are expected to maintain a minimum of USD 300,000 (or equivalent) in investments and/or cash with Deltec. Minimum fees apply for all accounts (exceptions could apply for clients with more than one account) N.B. ...
Path: BanksDeltec Bank Account Opening
...approximately one third of the world’s top 100 banks – and easily accessible to international financing and global capital markets Account relationship requirements Clients are expected to maintain a minimum of USD 300,000 (or equivalent) in investments and/or cash with Deltec. Minimum fees apply for all accounts (exceptions could apply for clients with more than one account) N.B. ...
Path: BanksVanuatu 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: LicensingHong Kong Type 9 (Asset Management) License
...zerland, Spain, Thailand, United Kingdom, Vietnam, Qatar and the Mainland China respectively to relieve taxation on income, for instance, dividends, interest income and royalties Other benefits Hong Kong imposes no restrictions on foreign investments and has no foreign exchange controls Ease of business establishment and licensing Favourable tax regime Conducive regulatory e...
Path: LicensingBahamas Dealing in Securities License
... An applicant for a Forex License is required to submit the appropriate application to the Commission. Benefits of Bahamas Forex company: Complete Anonymity No Corporate Income Tax No Personal Income Tax Dividend income from foreign investments is not taxable in the Bahamas Royalty income is not taxable in the Bahamas There are no tax returns required No Information Sharing ...
Path: LicensingHong 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: LicensingAustralia Crypto License
...ing to engage in cryptocurrency activities in Australia. However, businesses must ensure they have adequate financial resources to meet the compliance and operational standards set by the regulatory authorities, such as the Australian Securities and investments Commission (ASIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC). Overview As of March 2024, Australia does no...
Path: Licensing