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EU Has Amended The List Of Non-Cooperative Tax jurisdictions
The Council of the EU, based on an intense process of analysis and dialogue steered by the Commission, has amended the EU list of non-cooperative tax jurisdictions by adding to it ten jurisdictions. Up until today, there were five territories blacklisted by the EU: American Samoa, Guam, Samoa, Trinidad and Tobago, as well as the US Virgin Islands. **The updated list contains the following co...
Path: BlogBusiness advantages of Belize offshore jurisdiction
...asons to go offshore in 2017, and now the time has come to analyze Belize company formation process.* **This Central America country is considered as one of the most favorable for international business.** Most common company structure in this jurisdiction is an IBC (international business company). It is regulated by 1990 and 2000 government acts that one by one have created a friendly envi...
Path: BlogMauritius is set to rise as one of the best jurisdictions for global financial services once again
...n Task Force) Plenary, Marcus Pleyer, the President of an intergovernmental policy body that sets global Anti-money laundering and combatting terrorism financing (AML/CFT) standards and ensures the effective implementation of such standards in all jurisdictions stated the following: “after completing its action plan and a successful onsite visit by FATF team, Mauritius has been removed from th...
Path: BlogTop 5 crypto-friendly jurisdictions
...tive to connect central banks worldwide through DLT (distributed ledger technology). With regards to cryptoregulation, they had long adopted a free-hand policy for crypto business which significantly increased the level of attractiveness of this jurisdiction among other related projects. **HONG KONG** Hong Kong, even though it is not a separate state, but a region that has the status of ...
Path: BlogMove business wisely. What to consider when choosing offshore jurisdiction?
*It is not a secret that starting an offshore business or moving existing company offshore is a complex set of actions. An important part of selecting a jurisdiction is political and economic state of the country. It is not the crucial but overall state of the jurisdiction shows its perspectives. Unrest situation in the country, crises and rallies – these situations can scare investors away and...
Path: BlogOffshore jurisdictions introduce strict requirements for tax residents
Due to pressing demands from the EU, **well-known offshore jurisdictions will legally require tax residents to open physical offices and hire employees within their territories**. Tax residents of popular offshore jurisdictions such as the Cayman Islands, Bermuda, the Isle of Man, Guernsey and Jersey will be required to open "real" offices and hire employees starting from 2019. Earlier this year,...
Path: BlogIsle of Man Limited Liability Company Formation
Straightforward company formation in prestigious jurisdictions for global tax planning and holding purposes.Incorporation: 5 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview The Isle of Man is a self-governing British crown dependency, located in the Irish Sea at the geographical center of the British Is...
Path: CompaniesBelize Forex License
Belize is an economically and financially stable country and is a great place for forex broker companies since it is one of the most known offshore jurisdictions with a well-developed legal framework.Incorporation & obtaining license: 4 months Minimum paid up capital: $500 000 License fee: USD 25 000.00 License renewal government fee: USD 25 000.00 plus comp...
Path: LicensingAlderney Gambling License
Alderney has well developed jurisdiction and infrastructure for providing online gambling services and products with different licenses and certificates that provide with various business operating opportunities.Incorporation & obtaining license: within 2 months (from the moment of submission of documents to the Regulator) Minimum paid up capital: License fee: GBG 47 500.00 (+manda...
Path: LicensingAndorra Limited Liability Company (SL) Formation
Andorra has gone through numerous changes for the last few years in order to abandon the status of “tax heaven” and to become a transparent and modern economy and a well-reputed low tax jurisdiction.Timeframe: up to 3 months Minimum paid up capital: EUR 3,000 Accounting and audit: starting from 5,500 EUR + 4,5% VAT * *Depending on the number of transa...
Path: CompaniesSwitzerland Portfolio Management (ARIF Registration)
Switzerland is widely known as one of the most reputable and business-friendly jurisdictions. A company can be authorized to conduct portfolio management by a local non-governmental organization – “Association Romande des Intermédiaires Financiers” which acts on behalf of Financial Markets Authority.Overview “Association Romande des Intermédiaires Financiers” (ARIF) – a non-profi...
Path: LicensingCyprus Limited Liability Company Formation
...ber-state, a great solution for regional headquarters or a holding company as well as intermediary operations. Speedy and comprehensive registration process and a lucrative tax regime, combined with double taxation treaties with more than 40 foreign jurisdictions.Incorporation: 5 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement ...
Path: CompaniesMarshall 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: CompaniesNew Zealand Asset Management License
New Zealand has become a preferred destination for foreign investors searching for a well-reputed onshore jurisdiction with a favorable environment for establishing an entity allowed to provide a wide range of financial services.Timeframe: within 3 months Minimum capital requirements: is set on case-by-case basis Overview A company applying for a New Zealand Financial Service Pr...
Path: LicensingCayman Islands Securities Investment Fund License
The Cayman Islands are located in western Caribbean, and are known as one of the major financial centers in the world. In contrast to classic offshore jurisdiction, Cayman financial services industry is well-regulated thus having very positive reputation among investors.Timeframe: Up to 4 months Minimum paid up capital: No minimum or maximum amount prescribed for authorised, issued o...
Path: LicensingSwitzerland Limited Liability Company Formation
Switzerland is one of the most attractive jurisdictions for holding companies, granting special tax status in stable and reliable political and legal environment.Incorporation: within 10 working days + delivery time for the courier Minimum paid up capital: CHF 20,000 Overview Switzerland is a small mountainous country located in central Europe. This landl...
Path: CompaniesSt.Lucia Company Formation
St. Lucia Company Formation: Your Strategic Gateway to Global Success In an ever-evolving global market, the choice of jurisdiction for your company formation is pivotal. St. Lucia stands out as a beacon of opportunity for businesses aiming to tap into international markets with ease and efficiency. Offshorelicense, with its proven expertise and commitment to excellence, offers a bespoke St. L...
Path: LicensingGibraltar Limited Liability Company Formation
Limited Liability Company in Gibraltar for international business purposes. Gibraltar is a stable EU jurisdiction that offers legitimate tax advantages and exempted from VAT. Gibraltar non-resident company is commonly used for international trading and holding business, as well as e-commerce.Incorporation: 7 working days + delivery time for the courier Minimum paid up capital: 1 GBP ...
Path: CompaniesLabuan Audit Services
Labuan is a federal territory within Malaysia. It has its own jurisdiction and offers several advantages comparing to opening a company on the main land of MalaysiaDescription Audit of financial statements is required to companies in this jurisdiction. The reporting deadline for the financial statements of companies registered in Labuan is 31st of December annually and aud...
Path: AccountingHow did Brexit Affect Gibraltar jurisdiction?
The official representatives of the UK marked Gibraltar Day in the early November by revealing British political plans for Gibraltar.Many businessmen began to reconsider their plans regarding Brexit. Stephen Barclay’s statement can put an end to all your doubts. According to the statement, **Gibraltar and the UK will not stop cooperation** in any matters and will continue the development of ...
Path: BlogGovernment of India working on law to ban crypto trading
...w technology, there is good reason to believe that India has huge potential as a hotspot for the crypto industry. Considering India’s government intentions to measure and ban cryptocurrency trading in India, our team would like to offer similar jurisdictions and set up a company focused on providing services of the exchange of virtual currency in Estonia or Switzerland. Read our blog to ke...
Path: BlogThe great step towards China
...ored for each client. Close communication, the commitment to provide quality services across an array of industries and personal approach to each client are few of our keys to success. The core services include offshore company formation in major jurisdictions and legal assistance during all stages of your business. Our goal is to make any business as sustainable and manageable as possible, hen...
Path: BlogOld ways won’t open the new doors
...CENSE clients have chosen **Vanuatu** in order to obtain Forex license (Dealer’s in Securities license), however, due to the changes occurred in mid-June 2017, the bond deposit requirements increased from $2.000 USD to $50.000 USD, thus making the jurisdiction not as attractive anymore. Also, Vanuatu Financial Services Commission (VFSC) has requested all companies to pay renewal fees irrespectiv...
Path: BlogEU and US propose legislative changes regarding digital asset industries
... seemingly they look similar, but there are important differences which can lead to which can be distinguished US and EU point of view on cryptocurrencies. The MiCA and the CSBS’ program goal is to provide base for regulatory consistency across jurisdictions and both regulation purposes are to provide standardization, but the most important part of the rules is the European Commission’s obj...
Path: BlogCySEC Requires to Follow Recently Introduced FATF’s Policies
...ay, mentioning several recommendations for maintaining AML and CFT standards. Paper is based on papers shared on 7 and 23 April with the FATF Global Network of FATF Members and FATF-Style Regional Bodies (FSRBs), together making up more than 200 jurisdictions. Regulators all around the world were reporting an increase in financial crimes by manipulating people with fears of the COVID-19 outbre...
Path: BlogDiversified reporting in no-deal Brexit scenario
..., are obligated to report dually. The FCA announced that the branch will no longer be able to discharge the reporting obligations by transmitting orders to the other entities. In no-deal Brexit scenario, the EMIR reports will need to be split by the jurisdiction of the investment firms rather than the location of its branches. Read our blog to keep abreast of all actual and interesting technolo...
Path: BlogCan Bitcoin Replace Gold As the Safe-Haven Asset?
...al code to set new standards for crypto trading. Further, EU and US recently brought legislative changes regarding cryptocurrency industry by providing standardization, legal clarity around cryptocurrencies and base for regulatory consistency across jurisdictions. Following world-wide trends, more activities are expected, therefore our team would gladly help you to obtain a Crypto License in S...
Path: BlogASIC’s strengthens consumer protections by reducing CFD leverage
...in in force for 18 months, after which it may be extended or made permanent. Civil and criminal penalties apply to contraventions of the product intervention order. If you are interested in moving your business offshore or obtain forex license in jurisdiction without leverage restriction, Offshorelicense team would gladly help you to obtain a forex license in countries like Mauritius or Seychel...
Path: BlogHong Kong Securities and Futures Commission changing its previous "opt-in" approach
Hong Kong’s Securities and Futures Commission (SFC) will stipulate the regulations of all cryptocurrency trading companies operating in Hong Kong’s jurisdiction. The following activities is an extension of the crypto regulations introduced by the SFC in November last year. Hong Kong is considered as the base of many major cryptocurrency exchanges, but until November 2019, they were not reg...
Path: BlogFATF votes to greylist Malta. Global anti-financial crime watchdog advises enhanced monitoring for Malta
...grey list” major repercussions to the country’s economy take place, including banking, ease of doing business and as a result – Republic of Malta’s attractiveness to foreign investors. Vote held on Wednesday, June 23rd, was held among 37 jurisdiction and two regional organizations – the EU Commission and the Gulf Co-operation Council – that are recognized as members of the Financia...
Path: BlogNew requirements for Lithuania and UK EMIs
...st Brexit, there is not a mandatory obligation for the UK to introduce 6 AMLD principles. On the other side, Lithuania EMIs which are licensed and regulated under the Central Bank of Lithuanian and is a part of the EESMA and is one of the leading jurisdictions in transposition and implementation is expected to fully transpose the Directive, which entails enhanced criminal enforcement on directo...
Path: BlogCySEC Enhancement of Procedures Regarding Safeguarding of Client Funds
...the case of the company’s insolvency is higher. If a CIF cannot assert to CySEC that it has fully applied requirements, CySEC may request from the CIF to segregate an equivalent amount of its own funds in a separately titled account in another jurisdiction where the CIF can comply with the requirement of paragraph 4(1)(e) of Directive DI87-01 for the Safeguarding of Financial Instruments and...
Path: BlogNew Legal Framework for Forex Brokers in Saint Vincent and the Grenadines
... and Brokerage and other related activities in SVG, therefore, in SVG might be some big changes coming in terms of regulation. In recent months, rumors have been growing that the FSA will be implementing new set of regulations. At this point SVG jurisdiction is similar to the situation in the Marshall Islands, and brokers are not regulated in these countries. Lack of regulation has seen a numb...
Path: BlogNew Legal Framework for Forex and CFD Brokers in Bahamas
...unt the progress of these events, the online trading has flourished over the past few years in the Bahamas and this has been only beneficial for the country. New rules are considered as more sensible than in Europe, but not as loose as most offshore jurisdictions which creates more friendly conditions for brokers and their clients. Such precautious changes have created to an environment, which bal...
Path: BlogJapanese Financial Services Agency is discussing to impose stricter Crypto Laws
...currency restriction. Furthermore, it is clear that a world-wide trend is settling, since many other countries from all over the globe, for example Estonia and South Africa, are moving in the very same direction and pay attention to digital currency jurisdiction. Our editorial office evaluates those changes positively, as it not only prevents crypto-fraud acts, but also shows that cryptocurren...
Path: BlogImpact of New Legal Framework on Estonian Crypto Market
... digital nations and also the first country, which has implemented e-residency for global citizens, empowering them to easily set up and run a location-independent business in a trusted EU environment. Therefore, Estonia is being regarded a suitable jurisdiction for setting up a company focused on providing services of the exchange of virtual currency. Licenses that were issued up until the beginn...
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
...requirements, and in January 2020, it went further, asserting that virtual currency service providers will be treated the same as financial institutions under the Estonian Money Laundering and Terrorist Financing Prevention Act. Regardless of the jurisdictional implementation, only few crypto firms have actually complied with FATF guidance. Not a single major crypto business has actually been c...
Path: BlogJapanese Officials Introduce New Amendments in Japan’s Crypto Laws
...users’ funds and their funds together. Importantly, this regulation extends across both crypto and fiat reserves. As part of the of the enforced policies, the new regulations place cryptocurrency asset derivatives transactions under the FSA’s jurisdiction. Additionally, the updated regulations have refined terminologies, calling them “crypto assets” instead of “virtual currencies” o...
Path: BlogPandemic effect on Cryptocurrency markets
... implementing more robust security measures that could detect “fraudulent trading or withdrawal behavior.” Such requirements from NYDFS could be just an example how to proceed in current situation, so requirements may also be applicable in other jurisdictions. In conclusion, despite the fact that industry physically appears to be remotely organized and controlled, effects of Coronavirus eme...
Path: BlogCrypto-Friendly bank ‘freeze’ bank account
...ked bank account depends on where the bank and customer are based. Most countries have not clearly determined the legality of cryptocurrency, preferring instead to take a wait-and-see approach. **Therefore, if you are willing to enter an unregulated jurisdiction, either way – by running a business related to cryptocurrency or investing in cryptocurrencies as a trader, we advise to explore propos...
Path: BlogBelarus exempts Forex trading from taxes
... expanding trading operations volume (gone up by more than 10 in three years) – all of this comes to show the OTC forex market growth. The **income tax cancellation will undoubtedly affect all market players** as well as have positive effects on jurisdiction. Belarus is becoming more and more attractive for brokers and new regulation will only boost its attractiveness. The figures confirm ...
Path: BlogSouth Korea enforcing crypto rules
... bill establishing a legal foundation for virtual currencies.** This is a big step toward the legitimacy of cryptocurrency in South Korea. So far virtual currency exchanges were classified as information providers so they didn’t fall under the jurisdiction of the financial regulator. The new bill categorizes cryptocurrency as digital assets which makes crypto exchanges recognized as regulate...
Path: BlogThe UK provides legal certainty for crypto assets and smart contracts
... as to their legal status and characterization. **The UK takes a significant step to reduce the barriers to the adoption of crypto assets and smart contracts by determining their legal status.** The legal Statement published by the United Kingdom jurisdiction Taskforce tackles the legal uncertainties concerning the cryptocurrencies, smart contracts and DLT (distributed ledger technology). T...
Path: BlogLawyers’ Lobbying Efforts result in lifting Crypto-Ban in Vanuatu
One of the most popular offshore licensing jurisdictions faces changes. Dealing with Cryptocurrencies was banned by Vanuatu authorities for a long time. If the VSFC license holder had a small reference to crypto on his website, regardless whether as a means for payment, a traded commodity or a CFD, VSFC license could have been revoked and the USD 50,000.00 bond forfeited – never-minding the ...
Path: BlogComprehensive Guide to Opening an Offshore Company in Seychelles
...mation Is the Seychelles a tax haven? Yes, Seychelles is considered a tax haven due to its favorable tax regime for offshore companies. IBCs in Seychelles are not subject to income tax, capital gains tax, or stamp duty, making it an attractive jurisdiction for tax planning and optimization. How to register a company in Seychelles? Registering a company in Seychelles involves several st...
Path: BlogBrief description of the first day of Bitcoin usage in daily payment: technical problems and protests
... great step towards further implementation of cryptocurrencies into the everyday routine – Per aspera ad astra! Also, for those interested in cryptocurrency business affairs we propose Estonian Cryptocurrency Exchange License and Lithuania as a jurisdiction for your crypto business. In case of interest, we may provide you all information and soon we will publish the special article about the ...
Path: BlogRAK ICC or Ajman Offshore Company Incorporation
United Arab Emirates Emirates is a prestigious jurisdiction for the incorporation of the company, where a 0% corporate tax regime exists.Incorporation: up to 10 working days +delivery time for the courier Minimum paid up capital: no minimum capital requirement Overview: United Arab Emirates (UAE) is located in the Western Asia and has ranked as 9th in...
Path: CompaniesUnited Kingdom Accounting Services
The United Kingdom is one of the leading financial and business centres in the world. It is a significant jurisdiction for international tax planning. This country is known worldwide as a jurisdiction with a standard level of taxation.Description The country is thriving towards efficient and effective capital markets; therefore, it is important to them to have greater transparency in ...
Path: AccountingLabuan Accounting Services
Labuan is a federal territory within Malaysia. It has its own jurisdiction and offers several advantages comparing to opening a company on the main land of Malaysia.Description Malaysia has an extensive network of tax treaties with more than 72 counties. It eases the international cooperation between companies. This network can be also used by the companies in Federal Territory of Lab...
Path: AccountingNorway Crypto License
...arding financial integrity. The country's commitment to transparency and regulatory clarity enhances trust among investors and businesses alike, positioning Norway as a potential destination for cryptocurrency ventures seeking a stable and compliant jurisdiction.Timeframe: 5 - 7 months Minimum paid up capital: There is no specific minimum share capital requirement for obtaining a cryp...
Path: LicensingMalta Gambling License
Malta is part of the European Union which makes it a very attractive jurisdiction to obtain a gambling license in. It comes with tax incentives and an expert work force.Incorporation & obtaining license: 4-6 months Minimum paid up capital: Type 1 – Minimum €100,000 Type 2 – Minimum €100,000 Type 3 – Minimum €40,000 Type 4 – Minimum €40,000 Over...
Path: LicensingCyprus Investment Fund License
Cyprus is a resilient and dynamic business center, offering a business-friendly, international and cost-effective environment for the operating companies in this jurisdiction. Also, it is a well-regulated EU member state, combines tax efficient features of a modern financial center with the necessary infrastructure for the investment fund industry.Timeframe: up to 4 months Minimum capital req...
Path: LicensingFiji Foreign Exchange Dealer License
The Fiji Islands are located in region of Oceania. Company in Fiji is an excellent way for international entrepreneurs to conduct business in one of the world's most rapidly growing economies. In contradistinction to classic offshore jurisdiction, Fiji Islands are having very positive reputation among investors.Timeframe: approximately 3 months Minimum paid up capital:: $50,000 USD Ov...
Path: LicensingCayman Islands Securities Investment Business License
The Cayman Islands are located in western Caribbean, and are known as one of the major financial centers in the world. In contrast to classic offshore jurisdiction, Cayman financial services industry is well-regulated thus having very positive reputation among investors.Timeframe: around 6 months Minimum paid up capital: KYD 100,000 (>USD 121,000) Overview The ...
Path: LicensingEstonia Crypto License
...ss and digital infrastructure attract crypto enterprises. The e-residency program allows global entrepreneurs to manage EU-based companies online. Clear and adaptable regulations keep pace with market changes, enhancing Estonia's appeal as a leading jurisdiction for crypto operations.Timeframe: 6 - 8 months Minimum paid up capital: The minimum share capital required for a Virtual Asse...
Path: LicensingBritish Virgin Islands Forex License
British Virgin Islands (BVI) often referred to as “offshore tax heaven” is one of the most popular forex jurisdictions due to absence of profit, corporation and capital gains tax.Incorporation & obtaining license: depending on the Regulator. In general, can take from 4 weeks to 4 months Minimum paid up capital: is set on case-by-case basis. Once the application is submitted t...
Path: LicensingNew Zealand Forex License
There is a unique type of license called Financial Service Provider or FSP in New Zealand, which is considered a well-reputed onshore jurisdiction, therefore, it is not blacklisted by any country around the world or any foreign financial institution. Moreover, it is a member state of the OECD and WTO.Timeframe: within 3 months Minimum paid up capital: is set on case-by-case basis ...
Path: LicensingCanadian 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: CompaniesBritish Virgin Islands International Business Company Formation
Full tax exemption, flexibility, as well as solid reputation and high privacy standards of the jurisdiction make BVI BC a great option for virtually any corporate structure.Incorporation: 5 working days + delivery time for the courier (3-5 days) + 3 working days for the apostilled documents Minimum paid up capital: No minimum capital requirement Overview The Bri...
Path: CompaniesHungary is on its way to become an offshore heaven
...e it the lowest one in the EU. For example, corporate tax in Germany is set to be 15% and in Austria it is up to 27.5%. We are more than happy to introduce that **OFFSHORELICENSE LTD. is offering our services in opening a company under Hungarian jurisdiction.** Our team of professionals does not only see Hungary as a beneficial decision, but also a stable jurisdiction, and we strongly recommen...
Path: BlogThe Online Gambling Sector: A Booming Business
... qualified service provider, as we are, will guarantee that every stage is completed effectively and assist you in making well-informed judgements. Attention to Detail Is Essential Every online gaming platform needs to have a minimum of one jurisdiction's registration and compliance. In addition to putting your company at danger, operating without the appropriate licence also puts the int...
Path: BlogEstablishing an Offshore Business: An Overview
...ities, assistance in choosing the best offshore structure, and assurance of adherence to global tax regulations. What is the definition of an offshore company? An offshore company is a legitimate business organization that is registered in a jurisdiction other than the one in which its main commercial activities take place. For instance, if you live in the United States and incorporate...
Path: BlogHow to Start Your Own Forex Brokerage Business
...etailed list of services you will offer Financial projections, including revenue and expense forecasts A well-thought-out business plan will help you clearly understand your goals and attract potential investors or partners. 2. Choose the Right jurisdiction Registering your company in the right jurisdiction is a critical aspect of starting a brokerage. Your choice depends on your goals, budg...
Path: BlogLabuan FSA Tightens Money Broking Rules Amid Growing Industry
...with the increasing digitalisation of financial services. The update focuses on six key areas aimed at tackling emerging risks: * **Tougher Licensing Rules**: Clearer criteria have been set to ensure only qualified companies can operate in the jurisdiction. * **Defining What Money Brokers Can Do**: Labuan FSA has clarified what activities fall under the money broking license, reducing con...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
 Saint Vincent and the Grenadines (SVG) is emerging as a favorable jurisdiction for cryptocurrency businesses due to its evolving regulatory framework and attractive economic conditions. The country is part of the Eastern Caribbean Currency Union (ECCU) ...
Path: BlogEconomic Substance Regulations in UAE
...undertaking relevant activities are required to notify the Regulatory Authority of: • Whether the company is carrying out the relevant activity or not • All or any party of gross income from the relevant activity is subject to tax in other jurisdiction • The date of financial year ending. Moreover, entities must submit annual reports to the Regulatory Authority. These reports mus...
Path: BlogHow to Get a Crypto License in 2024
...define your business model and the type of services you intend to offer. Whether it’s a crypto exchange, trading platform, or custody service, understanding your business scope will help determine the specific license you need. Step 2: Choose the jurisdiction The jurisdiction where you apply for a license plays a significant role in the process. Different countries have varying regulatory requ...
Path: BlogVanuatu is Willing to Move Its Financial Dealers Onshore
...be physically present. Those dealing in digital assets, trading which was legalized just this July, must have three employees onshore, including the CTO. Also, minimum capital of US $500,000 is required, as well as custodianship license from another jurisdiction and an established track record. “In other words, a single P.O. Box and some accounting entries won’t cut it anymore to operate in...
Path: BlogFrom now on, Cryptocurrency Transactions are under strict AML regulation in Israel
...test Israeli media reports it is stated that cryptocurrency assets will now fail under strict anti-money laundering rules of Israel, which is another country’s step in their policy of tightening the grip around unlawful crypto activities under its jurisdiction. According to the article by The Jerusalem Post, Israeli Authority for Combating Terror Financing and Money Laundering has significan...
Path: BlogDubai is set to regulate investment tokens
...ep an eye on the cryptocurrency regulations all across the globe and welcomes any new regulations implied by the governments. Furthermore, our team of professionals has started working on creating proposal for those interested in working under Dubai jurisdiction under the above-mentioned freshly-made regulatory framework. Moreover, we have a variety of decisions for those willing to try themselves...
Path: BlogHead of the Estonian Financial Watchdog Endangers Crypto License Holders
... country itself came under the spotlight of money laundering accusations after Danske Bank, the Denmark’s biggest lender, was charged of watching $230 billion through a tiny Estonian branch. Furthermore, northern Baltic country was among the first jurisdictions in Europe to set up crypto-related licenses back in 2017. In the light of news from Estonian crypto-regulator, who has significantly ...
Path: Blog6 reasons why best Forex brokers are regulated
...ing. Potential customers choose those businesses which are transparent and do not hinder the access to information that the client needs. **Controlling** Regulations for controlling the financial tools provided by brokers may vary depending on jurisdiction and the financial authority. Some regulators allow brokers to transact only specific financial instruments. Therefore, it is crucial to u...
Path: BlogNigeria’s Crypto regulation as a solution for financial services
...at strengthen fair practices. There is no specific clarification what legal framework will look like, but it is said that if the virtual digital assets can be classified as securities and they will be treated as securities and will fall under the jurisdiction of the SEC. In 2018 Central Bank of Nigeria did declare that crypto-currencies such as Bitcoin, Ripple, Monero, Litecoin, Dogecoin and...
Path: BlogCompliance deadline of January 2020: Crypto exchanges implement FATF anti-money laundering standards
...ludes 36 economies – among them are the largest ones which have a significant impact on the global finance operations. This basically means that implementation of the FATF’s norms can change the game. Moreover, non-compliance can put disobedient jurisdictions to the FATF’s grey list and even become a subject to economic sanctions. Applying the “travel rule” can be quite challenging: ...
Path: BlogHow to Offshore: Useful Tips and Tricks from Leaked Apple Inc. Papers
... declare that moving to Jersey did not cause any benefits for Apple and their liability stays the same. Reliable and serious companies use offshore opportunities wisely and **Offshorelicense Ltd is always here to assist you with choosing the best jurisdiction** to base your business entity. Political matters can be adverse sometimes but your professional consultant is the one who will help you ...
Path: BlogVirtual currency draft bill in Gibraltar
**Distributed ledger technology** (DLT), widely known as the **blockchain**, is a stumbling block for many jurisdictions. It is hard to ignore it now due to the fact that dozens of businesses in their activities use virtual technologies and, as a result, virtual currencies. **Gibraltar** is the jurisdiction that, along with the others, starts adding DLT to its scope of regulation. The Gibralt...
Path: BlogSwitzerland puts a hand over supervising ICOs
February 16th became an important day for **European crypto-community**. **Switzerland** showed itself as a progressive jurisdiction and published guidelines regarding the **ICO regulation**. It was developed by The Swiss Financial Market Supervisory Authority (FINMA). Many Swiss startups has now decided to announce ICO as acceptable since it is easier than attracting investors as it was 5 - ...
Path: BlogWhy Moving Your Business Offshore Sounds Reasonable
There is no doubt that you have heard about such offshore destinations like Panama, the British Virgin Islands, Belize or Anguilla. These countries are now gaining popularity and are known for relocation of existing companies to overseas jurisdictions. At the same time, businessmen often decide to start new companies in the offshore jurisdictions to work within the new markets, manage taxes and ...
Path: BlogInternational Monetary Fund demands tax reform from Hong Kong
**Hong Kong economy is one of the most attractive among the international entrepreneurs**. This is why the International Monetary Fund issued tax reform recommendations for this jurisdiction lately. For Hong Kong economy to stay competitive and flexible at the same time, it is vital to **rework tax structure** and change the approach. Nowadays, Hong Kong government receives the most revenue ...
Path: BlogRepeal of the Bermuda tax reform as the general service tax got denied
...tive Bermuda is currently working on. Changing legislation for the matters of anti-money laundering and counter the financing of terrorism is crucial for the reputation worldwide. Moreover, the EU now considers Bermuda as a “non-cooperative” tax jurisdiction. This means that **2018\19 plans are very challenging for the Bermuda government**. They will have to deal with potential economical thre...
Path: BlogThe new transparent taxes in Latin America and the Caribbean
... What happened and how business conditions will change in this region? We will analyze the newest tendencies and explain how business will develop in **LatAm** and the **Caribbean**. The reputation is a crucial factor for **international business jurisdictions**, therefore implementing legislation that prevents money laundering and tax evasion, is a paramount for the governments. During the sem...
Path: BlogBermuda warns: virtual currency shall not pass
Each jurisdiction makes and individual decisions on the matters of **cryptocurrency business**. We have already informed you about the countries whose reception of blockchain is mostly positive 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 ...
Path: BlogBlockchain regulations are on the way to Malta
...alta is ready to work together with Dubai while implementing new regulations and creating new regulation experience for blockchain users. We, in **Offshorelicense Ltd**, are ready to consult you on starting **blockchain business** and offer the best jurisdictions for this matter. In addition, we work on creating business itself or consulting you as a customer in tech field.
Path: BlogVirtual Currencies’ Control in Singapore
... the matters of money-laundering and terrorism financing, virtual currencies are not distinguished separately. All rules of the AML/CFT policy apply the same way as for money and virtual currencies. Singapore took up an interesting position: this jurisdiction accepts innovations and helps them to develop, and at the same time makes sure that illegal actions using these innovations are limited a...
Path: BlogHow to store your crypto with the less tax consequences
...ding shall be treated as income. According to the basic principle of decentralization, cryptocurrencies stand out for national legal frameworks. You can buy it whenever you want, they are listed on international exchange platforms across multiple jurisdictions. That is why it can be challenging to decide where tax is liable to be paid and in what amount. As long as the outcomes of cryptocurr...
Path: BlogBitcoin Mining Faces Rumors in China
... tendencies are disappointing. Investing in cryptocurrencies became a very popular trend now and even the governmental bans cannot stop businessmen from this. **Offshorelicense Ltd** warns you not to invest recklessly, especially when your chosen jurisdiction restricts more and more actions with the cryptocurrency. We are ready to consult you on prospective territories where Bitcoin is accepted...
Path: BlogThe New Labuan Tax Regime: Towards the Advancement
...and the Governor of the Central Bank of Malaysia mentioned this at the Labuan Industry Annual Dinner. He is aware that now international taxation practices have to grow gradually to correlate with the OECD requirements. Nowadays, respectful offshore jurisdictions are not outlaw or above the law and never try to avoid taxation, do not exploit gaps in the legislation, don’t focus only on gaining p...
Path: BlogGibraltar Goes Fintech: Next Destination - Hong Kong
...ons. **Hong Kong Fintech Week** is an event where major financial service representatives from all over the world gather to discuss their cooperation. Gibraltar is the member of this week for the first time. Delegation represented desire for this jurisdiction to move into the Fintech sector. The majority of the Albert Isola delegation were businessmen, executives, investors and even financia...
Path: BlogSaint Vincent and the Grenadines Deals with the False Accusations
Offshore jurisdictions may be sensitive in the cases of **accusation**. **“Money laundering”** indicating statements often cause reputation loss. Even if the country can manage unfair allegations and protect itself, it can still work out as a critical reception for the prospective investors. In this situation, we can give an indicative example: case of **Saint Vincent and the Grenadines**...
Path: BlogGod Save the Queen. Paradise Papers Revelation
...10 million, which is equal to $13.1 million. It is important to understand that this investment means no accusation. On the contrary, this means that the **Queen knows how to manage business processes** inside the country and outside the domestic jurisdiction as well. Such revelation may become potentially dangerous for the reputation but the main question is whether all legal matters are consi...
Path: BlogDid Cayman become a top choice for blockchain business?
Last couple of years confirmed that the **Cayman Islands is one of the top jurisdictions for innovative fintech business**. Why is that so? In February 2018, Cayman Premier, Alden McLaughlin, confirmed that statistically, Cayman is now in top-three countries for blockchain entrepreneurs. Since 2012, the special tax-free economic zone, Cayman Enterprise City, functions in Cayman by attracting sta...
Path: Blog“To trade or not to trade?” or How Chinese Exchanges Overcome the Bitcoin Ban?
...yptocurrency. **Offshorelicense Ltd** continuously keeps track on the news of Bitcoin exchanges all over the world, not only in China. If your business requires working with cryptocurrency, we are ready to **analyze the market and offer the best jurisdiction** to make your entrepreneurship successful.
Path: BlogThe Offshorelicense website launch. What it brings to us?
...unts. Offshorelicense is a trustworthy turnkey company which has worked already with more than 350 clients. Of course, our services are not limited to those listed above. We are aware that nowadays for optimization companies need to use different jurisdictions and to choose how to establish their business legally. This means sometimes that they need specialists who are proficient, experienced a...
Path: BlogStarting an international business. To offshore or not to offshore?
*When you decide for your business to become international, what to do and how to deal with legal matters? First of all, we should talk about why businesses are massively using international jurisdictions for functioning.* When you form or relocate your business to another country you can achieve a couple of very crucial goals. Sometimes legal or taxation climate in your country is not opportun...
Path: Blog6 things to consider when going offshore in 2017
*When the day has come and you, as the owner of the business, decided to choose an offshore jurisdiction for your company – the journey has only just begun.* Sometimes starting a new business offshore or moving your existing business to another country can help you grow and develop. OffhoreLicense Ltd knows, that executives are sometimes struggling to choose an offshore jurisdiction because th...
Path: BlogWhy do they always choose Cyprus?
...islation, Cyprus became a country which is located the nearest from the Europe and, at the same time, has the lowest tax rates, especially for corporate incoming tax. Businesses connected with royalties, finance or trading are choosing this offshore jurisdiction more and more often. Main advantage of such taxation is business having opportunity to reduce operating costs. Lowering taxation, especia...
Path: BlogWhat needs to be included in your offshore business plan
*There is a strong motivation for business to keep money offshore. Proper planning and analyzing will help company to store their assets in a safe and reliable jurisdictions. Many companies from the Forbes TOP-100 list are using offshore plans to maximize their profit and legally keep their money.* However, it is not right to look only to big enterprises because the law is the same for smaller c...
Path: BlogSecrets of starting a business in the UAE
*The United Arab Emirates have developed a reputation of a jurisdiction, which is great for business through last years. Despite the fact that oil and gas are dominating business activities in the UAE, nowadays almost every type of activity can successfully operate inside the country. Tourism, healthcare, information technology, aviation, transport are also very successful fields of business. Th...
Path: BlogWhy do you need to protect your company's brand in modern world?
...h you customer if business is properly branded. Now, let’s move to the ways of protecting your brand. Obviously, registering all existing trademarks is a first step to take in protecting your brand. Registration process differs depending on the jurisdiction, but usually international documents are accepted. You can protect everything that distinguishes you from competitors. Some companies eve...
Path: BlogWhy should you invest in offshore business?
...or offshore business and native companies. International income tax and individual taxes are balanced specially for this reason. Another point to consider when moving a business offshore, is safety and confidentiality of the country. Most popular jurisdictions have high level of asset protection and strong confidentiality legislation. Individuals who are afraid of lawsuits or other financial tr...
Path: BlogHow to set up a business on Bahamas?
*When you have already thought about moving your business and choosing jurisdiction you might have come to decision about the Bahamas. This country, officially known as the Commonwealth of the Bahamas, and has all the advantages of an offshore jurisdiction.* For example, tax climate for IBCs is close to perfect. International business is exempt of local taxes, including sales, dividends, corpora...
Path: BlogStarting offshore business in Vanuatu
*Vanuatu is a popular offshore jurisdiction situated near Australia. Why is this country considered as one of the friendliest locations for starting up the company? We will answer most popular questions about Vanuatu offshore company formation and give you a professional advice.* **What are the benefits of doing business in Vanuatu?** Banking system is one of the most important arguments in ...
Path: BlogWhy is Limited Liability Partnership a popular business structure?
...formed in the UK per year so this procedure is fast and transparent. Afterwards, you need to obtain necessary licenses or permits to perform your business activities. Employer Identification Number, State ID Number and Insurance are required in some jurisdictions so you should think about obtaining it in advance. Basically, starting business in form of LLP in the UK is a reasonable decision for...
Path: BlogStarting your own business in Saint Vincent and the Grenadines
Offshore jurisdiction of St. Vincent and the Grenadines (SVG) is a stable choice for different types of business. This state is a part of an archipelago near North America shores. Earlier, SVG used to be British colony but now it is an independent state. English is one of the main languages in this country and it is a great pro for business. Also, financial state of St. Vincent is pretty constan...
Path: BlogPros and cons of Labuan company formation
Talking about jurisdictions, offshore company in Malaysia is not a regular decision. This is why we decided to explain how to set up a company in Malaysia and figure out why is it rational to set up your business in Labuan. Registration and incorporation of offshore company in Labuan is requires standard actions like collecting and filing documents but still there are some interesting factors yo...
Path: BlogHow to Relocate Your Business Overseas: Expert Recommendations
Relocating your existing business overseas is a mutually beneficial idea for both, your newly created offshore company as well as for the jurisdiction itself. When there is a practical need of internationalizing your company, it is very reasonable to consider an expert advice on how to relocate your business overseas. **Benefits of relocating your business overseas** It is obvious - busine...
Path: BlogNovelties for the Blockchain Business and ICOs in Gibraltar
...the newest regulations in Gibraltar? This British overseas territory added one more innovative process to the scope of its regulation. From the 1st of January 2018 ICOs (Initial Coin Offerings) are legitimate too. **Gibraltar has become the first jurisdiction where ICO is officially in compliance with the law**. Initial coin offering is a funding process based on the Blockchain. It has become u...
Path: BlogSeychelles - Mauritius potential financial services partnership
...ompetitive economy according to different factors. One of them is Mauritius double tax treaties with developed countries like Germany, United Arab Emirates, the UK, India and many others. This makes Mauritius a prospective partner for other offshore jurisdictions. Both international financial centers of Seychelles and Mauritius will benefit from their collaboration. Moreover, this will ease doi...
Path: BlogFive reasons why you should incorporate Delaware LLC
...riendly and business-accustomed, it continues to be relevant thanks to regular law updates. Stability is the main feature, regardless of the political party in power. For these purposes, Delaware’s regulations are watched, copied, and respected by jurisdictions around the globe. 2. EXCEPTIONAL COURT SYSTEM Delaware’s Court of Chancery is ideal for companies looking to settle legal dispu...
Path: BlogSpain's Prime Minister is planning to reform corporate tax and related taxes
... 25 percent**. He intends to close tax loopholes in more redistributive policies and crack down on tax avoidance and evasion by legislating to prevent the further use of tax amnesties. Also **Mr. Sánchez is planning to put together a new list of jurisdictions that will be classified by the Government as "tax havens."** Mr. Sánchez has proven himself as a person who has a very radical visi...
Path: BlogSaint Vincent and the Grenadines’ budget: tax relief and amnesty
...procedures are stabilized, the system will show itself as a very effective one. As a result, there will be less loopholes, tax evasion will go down, rules for taxes and debts will be clearer. Currently, **Saint Vincent is already a business-friendly jurisdiction** and, after the Tax Administration Procedures Bill and Amending the Income Tax Act adoption, it will become even more effective and clea...
Path: BlogPolymath CEO Trevor Koverko on smart investing, secret societies, and security tokens
...ymath Attracting?** “We’re open source distributed,” he explains, “and it’s very important for me having it where we don’t make decisions for people. We’re not an issuer, we just give them tools to help them be compliant in whatever jurisdiction they’re in, whatever class their investors are, and what type of exemption they’re doing, like how they’re raising the money. Is it...
Path: BlogNew legislation of Jersey will allow to form Limited Liability Company
...s. The Jersey government said it expects that the announcement of the Jersey LLC Law will grant US units a common option for cross-border structuring. **Geoff Cook, chief executive officer of Jersey Finance explains:** “As a forward-thinking jurisdiction, Jersey is keen to support the growth the US is currently experiencing and has recognized the demand amongst US institutions and fund man...
Path: BlogSaint Vincent and the Grenadines requested FATCA and CRS reporting deadline extension
...line**, related to the Foreign Account Tax Compliance Act (FATCA) and common reporting standard (CRS). Under the FATCA and the CRS financial organizations are obliged to report on the assets held by their foreign account owners to their home tax jurisdictions. Like other respective subjects, Saint Vincent & the Grenadines is obligated to exchange and report FATCA and CRS data on behalf of the ...
Path: BlogMalta as the new crypto bay
**Malta is swiftly becoming one of the popular destinations for crypto and ICO** whereas other jurisdictions around the world restricting cryptocurrencies and ICOs or adopting a neutral approach. Even though Malta is the smallest EU member, its government is developing reliable laws for the newly created industry that will probably become the next big thing following the Internet, as well as ...
Path: BlogBlack pearl of Caribbean. International business company at Saint Vincent and the Grenadines.
Today we would like to draw attention to Saint Vincent and the Grenadines, one of the most underrated offshore jurisdictions. Saint Vincent and the Grenadines is a sovereign and politically consistent territory, being referred to as a solid offshore jurisdiction with a strong confidentiality law. **International business companies in Saint Vincent and The Grenadines take advantages of an exemp...
Path: BlogThe main benefits of Cyprus formation
...ntries in Europe for registering companies including registration for offshore purposes. A compound of reasons, such as the advantageous tax legislation, classic corporate law and the country’s consistent tax policies make Cyprus a very attractive jurisdiction.** Cyprus has a powerful and advanced legal regulatory system and, as a former British colony, it is a common law country with busines...
Path: BlogA unanimous decision regarding Vanuatu delisting from FATF Grey List
...ndering and counter terrorism financing framework is strong enough and relevant to current AML/CFT requirements. In relation to these developments, Vanuatu was mentioned in a public statement, published on FATF official website under the title “jurisdictions no longer subject to monitoring”. The above-mentioned statement can be found by following the [link](http://www.fatf-gafi.org/publicat...
Path: BlogTax storm. British Virgin Islands ceased to be a "haven" for shall companies
...nt with the European Union, enacted the Law on Economic Presence, which entered into force on January 1, 2019.** In 2017, the Code of conduct group on the observance of the Code on business taxation conducted an analysis of the requirements of 92 jurisdictions, the results of which revealed a list of countries that heavily abuse their exclusive position in the field of tax and corporate prefere...
Path: BlogBusinesses will be required to meet criteria of physical presence in Belize
...end of December 2018 to make the necessary law amendments. Prime Minister Dean Barrow in his address at the House Sitting stated: *“The reason for the rush is that this is a consequence of the pressures that have been brought to bear on our jurisdiction by the industrialized countries, and in this case, by the EU, and by OECD. In its analysis of information on areas of tax transparency, f...
Path: BlogRussian Tax Authority has received data on foreign accounts and assets of its citizens in 58 countries
**Russian Federal Tax Service (FTS) received data about foreign assets of Russian citizens in 58 jurisdictions, including the Cayman and British Virgin Islands, Mauritius and other offshore tax jurisdictions or jurisdictions with low taxation.** The number of citizens with accounts abroad and the number of companies controlled by them is yet to be disclosed by the FTS. Deputy Head of the FTS Ale...
Path: BlogCrypto exchange industry is not as compliant as it appears to us
...rict KYC/AML policies, among them are Coinsquare, Coinbase, Gemini and the Circle-owned Poloniex. It is worth noting that numerous exchanges own separate legal entities that deal with deposits, money transmission or payment processing in separate jurisdictions where the applicable regulations are weak or still inapplicable for crypto. The experts said the following: *“The parent compan...
Path: BlogAustralian commision requires each and every piece of information about its brokers
...ormation, including client numbers, for the period of time since December 2017 till March 2019. Among other things, the report also needs to divide clients by type, place of residence, as well as indication of amount of client’s funds held in each jurisdiction. **Additional attention to European clients** According to the data which the ASIC has requested from brokers and the reporting per...
Path: BlogSaudi Arabia issued its first license for Forex trading
Saudi Arabia is the newest regulatory destination in the Middle East region. The fast-growing and fast-evolving marketplace in the Middle East region is getting even more attractive with emergence of new regulatory jurisdictions. Saudi Arabia is one of the most populous countries in the area, with the population reaching 32 million as of 2017, the country is a lucrative destination for forex...
Path: BlogOTC derivatives regime to be updated in Hong Kong
...in retail banking products will be excluded. According to the latest guideline, every transaction should be assigned with a unique identifier that would enable to fulfill reporting obligations. The regulatory authorities also propose to delist 17 jurisdictions from the list of assigned domains for the masking relief of the reporting responsibility. REGULATORS ARE CURRENTLY INTENSIFING THEIR...
Path: BlogCyprus banks overdid it with risk prevention tactics
... registration.** According to the president of the Cyprus Fiduciary Association (CFA), Michael Christos, this presents a great concern for local business sectors. The mass outflow of companies operating in Cyprus and their establishment in other jurisdictions will have a domino effect for the local economy, as anticipated by the president of CFA. The very foundation of International Business ...
Path: BlogThe grand taxpayer data swap is approaching
...*, including exchanges upon request, as well as the automatic exchange of Country-by-Country Reports. As of the 5th July, **international legal network for the automatic exchange of offshore financial information under the CRS covers more than 90 jurisdictions**. And during this summer, approximately ten more countries plan to follow. The mentioned above network creates an opportunity to co...
Path: BlogMauritius Global Business Category 1 (GBC1)
...s our attention on GBC 1 as the one of the most commonly used type of companies. **GBC1 formation is most efficient to those entrepreneurs willing to gain profit from the various Double Taxation Avoidance Treaties** which 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 GBC...
Path: BlogPeru has joined two major OECD Conventions
...he OECD describes the **Convention as the key instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information** regarding Tax Matters. OECD and G20 countries developed the Standard that will allow over 100 jurisdictions to perform an automatic exchange of information in relation to offshore financial accounts.
Path: BlogChoosing Business Structure for a Singapore Company
Singapore is an offshore jurisdiction that attracts entrepreneurs since the 2000’s. At present, there is a wide choice of corporate structures if you want to form a business in Singapore. Understanding which one is the best for you can mean a lot. We listed the most popular and suitable for business legal forms below to make the choice easier. **Limited liability company** A Limited liabi...
Path: BlogHow to Incorporate a Company and Why it is Beneficial
There are many reasons to incorporate a company when you start doing your own business. First of all, this process lets you act like a separate legal entity and use all privileges of a certain jurisdiction. What benefits can incorporation bring you as a businessman? The main advantages include asset protection, asset transfer, low tax rates and many others. Registration process tends to be easy ...
Path: BlogWill Bahamas be removed from the EU tax blacklist?
On 13th of March the European Council released a decision where **Bahamas are listed among other jurisdictions with non-cooperative taxation rules**. The mentioned above list is a non-obligatory document, but, at the same time, an important guide which makes a huge impact for choosing contractors while doing business. This year, the US Virgin Islands, **Saint Kitts and Nevis were also listed ...
Path: BlogGibraltar and Hong Kong plan to work together on the fintech sectors development
...pioneers, **Gibraltar** and **Hong Kong** were the first ones to enter into an official agreement regarding the development of this sector, thus making this day especially remarkable for the whole Fintech community. Responsible regulators of both jurisdictions, The Gibraltar Financial Services Commission and the Hong Kong Insurance Authority, officially pledged to cooperate and share informatio...
Path: BlogCayman acknowledged as a top offshore financial center
Twice a year the **Global Financial Centres Index** is published to analyze and rate financial centers worldwide. Up to 2,500 professional financial analysts were questioned about the current state of different jurisdictions. As a result, **the Cayman Islands is now recognized as the best offshore financial center in the world**. **GFCI** is a significant mark for offshore countries to maint...
Path: BlogTwo more opponents of the UK policy regarding public registers
...Islands**, two of the British Overseas Territories, are making preparations regarding the **launch of legal challenges to the UK government’s plans to enforce public registers listing details of beneficial ownerships of companies registered in the jurisdictions**. Both, the BVI and the Cayman Islands, have announced their intention to oppose the Westminster’s planned changes to the legislat...
Path: BlogSetting up an Online Gaming Business
...ones because such destinations pursue a goal of attracting as many investors and entrepreneurs as they can. However, obtaining a gaming license might be more complicated but it has to be done for your company to function in legal scope of the chosen jurisdiction. [...
Path: BlogUsage of artificial intelligence for financial institutions in Singapore
...oints of view on regulating AI in legal scope, users of the financial services need to know more about their privacy. This is why we will stay on top of the situation as it unfolds to let you know about the **latest updates of legislation of popular jurisdictions**.
Path: BlogOutsourcing accountants and bookkeepers for offshore business
...vising what to do but handling responsibility too. Reliable partner means having everything done on time and with the highest quality of services. ** 2. Minimum number of errors** Outsourced accounting specialist knows everything about chosen jurisdiction, company type and legal procedures. This means that on every level of requirements professional accountant will see potential errors and ...
Path: BlogJersey initiates anti-money laundering review
...se. Analysis of the collected data will be conducted on the second phase of the review. Jersey will do everything necessary to comply with international standards of counter-terrorism financing and anti-money laundering. It is required from every jurisdiction to understand the risks, evaluate them and to effectively prevent or minimize the possible negative consequences.
Path: BlogSt. Vincent and the Grenadines LLC Company Formation
...land. 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 global confidentiality laws. St....
Path: CompaniesSwitzerland Crypto License
...dopted a remarkably progressive stance towards cryptocurrency regulations.Incorporation: around 3 months + delivery time for the courier Minimum paid up capital: 100,000 CHF Overview Clearly, Switzerland is not the cheapest of jurisdictions in which to establish a new business, but it does have many substantial advantages which make it more attractive than other countries fo...
Path: LicensingLithuania Payment Institutions License
...antages for the payment processing companies to be licensed in Lithuania in order to provide financial services in Europe (EU/EEA area are): Lithuanian regulatory approach is much more flexible and business-oriented comparing to other European jurisdictions. Lithuanian financial license is fully passportable to all other EU member-states according to the EU directives. You will be allowed...
Path: LicensingSeychelles Securities Dealer License
...ting and Audit A Securities Dealer is required to have its accounts audited annually by an auditor. The applicant must put forward at the time of application, the designate auditor for approval by the authority. The auditor can be from any jurisdiction as long as they meet the criteria as per the Act. Registered Agent - Required Registered office - Required Secretary...
Path: LicensingComoros International Brokerage and Clearing House License
...onfidentiality • Beneficial owners' details – not disclosed to the Authorities • Shareholders' details – not part of public record • Directors' details – not part of public record Taxation Comoros is a 0% taxation jurisdiction Accounting requirements • No requirement of filing annual report Secretary - Required Registered...
Path: LicensingIreland Private Limited Company Formation
...oice 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, and the access to both EU and global markets. ...
Path: CompaniesBulgaria Crypto License
...k provides an advantageous environment for crypto enterprises. Bulgaria offers a stable business climate, access to the EU market, and no currency controls, with company profits taxed at a favorable 10% rate. These conditions make it an appealing jurisdiction for starting or expanding cryptocurrency projects. Company structure To register a cryptocurrency company in Bulgaria...
Path: LicensingLabuan Investment Banking License
...banks are not allowed to accept deposits. Benefits Strategic location of Labuan to capture the Asia Pacific especially Asian businesses Excellent infrastructure, regulation and amenities of the Labuan IBFC Labuan is a “white” listed jurisdiction, endorses the bilateral exchange of tax info Access to more than 70 double tax agreements with Malaysia 100% ownership is permissible...
Path: LicensingLocal Trademark registration
...you can file separate trademark applications in countries you prefer to be registered in. If the sole reason for the registration of the mark is to own the rights to the intellectual property, we usually suggest to incorporate in low maintenance fee jurisdictions. For a list of potential options, please contact our team members.There is an option to register a European Union trademark (EUTM) separ...
Path: LicensingWorldwide Trademark registration
.... It must be mentioned that trademark can be registered by both natural and legal person. If the sole reason for the registration of the mark is to own the rights to the intellectual property, we usually suggest to incorporate in low maintenance fee jurisdictions. For a list of potential options, please contact our team members. Moreover, before starting the process of trademark registration, i...
Path: LicensingWorldwide Design registration
...strial design can be obtained by both natural person and legal entity. If the sole reason for obtaining a patent for your invention is to own the rights to the intellectual property, we usually suggest to incorporate a company in low maintenance fee jurisdictions, and then to file an application as a legal entity. For a list of potential options, please contact our team members. Before applying...
Path: LicensingLocal Patent registration
...patent Offices of the countries in which you prefer to obtain patents. If the sole reason for obtaining a patent for your invention is to own the rights to the intellectual property, we usually suggest to incorporate a company in low maintenance fee jurisdictions, and then to file an application as a legal entity. For a list of potential options, please contact our team members. If you are a na...
Path: LicensingLocal Design registration
... countries in which you prefer to protect your design. If the sole reason for registration of an industrial design for your product is to own the rights to the intellectual property, we usually suggest to incorporate a company in low maintenance fee jurisdictions, and then to file an application as a legal entity. For a list of potential options, please contact our team members. In certain regions...
Path: LicensingWorldwide Patent registration
...d that patent can be obtained by both natural person and legal entity. If the sole reason for obtaining a patent for your invention is to own the rights to the intellectual property, we usually suggest to incorporate a company in low maintenance fee jurisdictions, and then to file an application as a legal entity. For a list of potential options, please contact our team members. Before applying...
Path: LicensingVanuatu Accounting Services
...encouraging business development in the region. For example: Vanuatu International Business Companies (IBCs) are exempt from paying any tax for the first twenty years. Light administrative regulations as compared to onshore jurisdictions. Offshore companies are permitted to keep their accounts, minutes and records in any location in the world. Vanuatu permits an offsh...
Path: AccountingSt.Lucia International Business Company Formation
...ble company structure, privacy protection, no audit or reporting.Incorporation: within 2 weeks + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Saint Lucia is an island jurisdiction in the Caribbean region off the South American shores and is one has one of the most prominent financial services centres in the world. I...
Path: CompaniesGeorgia Payment Service Provider Authorization (PSP)
... activities are held outside of Georgia Company is exempt from capital duty Beneficial location of the country itself – connects Europe and Asia 52 concluded double taxation treaties Georgia is not on the high-risk or other monitored jurisdiction list General information Company structure Minimum 1 resident Director (must have detailed information related to all transacti...
Path: LicensingJapan Virtual Currency Exchange Provider’s License
...ce providers that do not engage in sale or purchase of Virtual Currency. Benefits of Japan Virtual Currency Exchange provider’s license: Japan Company portrays a good image to your Clients; Great reputation worldwide; One of the few jurisdictions providing licensing for virtual currency exchanges; Japan is major international financial center; 96 double taxation avoidance trea...
Path: LicensingBoslil Bank Account Opening
...al products and services. Among the products clients can access are multicurrency accounts, demand deposits, money market accounts, sweep accounts, term deposit accounts and credit cards. As one of the Caribbean's pristine offshore jurisdictions, Saint Lucia satisfies the requirements of reputable professional advisors, intermediaries and clients - a stable social, economic and p...
Path: BanksEstonia Private Limited Liability Company (Osaühing or OÜ) Formation
...ing it to the client for approval and signing; Filing the documents to the Commercial Register on client’s behalf; Covering state fees. Opening the bank account Estonian legislation allows to open account in any foreign jurisdiction. We can assist you with the opening of bank account in any chosen jurisdiction among those we offer. Please note that bank requirements a...
Path: CompaniesUSA Nevada Limited Liability Company Formation
...ts General information Company structure Only one single shareholder is required (no nationality restrictions) One director (no nationality or residency restrictions, can also be a shareholder) Taxation Nevada is an attractive jurisdiction in which to incorporate as sales tax applies only to products sold within Nevada and, unlike many other US states, there is no Corporate ...
Path: CompaniesPanama Offshore IBC Formation
...um of one share of US$100.00 must be issued to the shareholder Overview The Republic of Panama is a Central American country – one of the most popular Offshore destinations with little reporting necessary. The main advantage of the jurisdiction includes almost no tax liability for the companies incorporated in the country. Advantages of Panama Offshore IBC: ...
Path: CompaniesAuthorised Company in Mauritius
...ompany Category 2 (GBL 2) in Mauritius: - Mauritius offers a high level of anonymity and privacy - A dedicated manager available throughout the year - The most competitive price, in complete transparency - No taxes of any sort - Stable jurisdiction with a very good reputation - Efficient communication means - Convenient world time zone: GMT+4 General information Company struc...
Path: CompaniesLimited Liability Company in Latvia
... only 50% must be paid before registering) Overview A Latvian SIA (limited liability company) is a privately owned Limited Company with one or more persons or corporate bodies being the Members of the SIA, which can be from any legal jurisdiction worldwide. Positioned at the crossroads of northern and eastern Europe, the Baltic state of Latvia is rapidly making the most of its E...
Path: CompaniesAccount Opening in Bank Alpinum
... cards, investment advisory, portfolio management and it is also specialised in merchant account services for international commercial clients. The Bank’s service comprises the opening and maintaining of corporate accounts of any jurisdiction and BA is able to execute your payments in all common currencies and to all common destinations in fast and efficient manner and without ...
Path: BanksAccount Opening in Bank Alpinum
...y accounts, Credit Cards, Investment Advisory, Portfolio Management and it is also specialised in merchant account services for international commercial clients. The Bank’s service comprises the opening and maintaining of corporate accounts of any jurisdiction and BA is able to execute your payments in all common currencies and to all common destinations in fast and efficient manner and without ...
Path: BanksBoslil Bank Account Opening
...al products and services. Among the products clients can access are multicurrency accounts, demand deposits, money market accounts, sweep accounts, term deposit accounts and credit cards. As one of the Caribbean's pristine offshore jurisdictions, Saint Lucia satisfies the requirements of reputable professional advisors, intermediaries and clients - a stable social, economic and p...
Path: BanksVanuatu Dealer's in Securities License
...Commissioner a quarterly and annual reports outlining updated details which must include: Number of investors and amount of funds invested Number of products offered to investors detailing the number of each product offered Details on what jurisdiction the product was offered Details of vetting process of investors and criteria used Number of refusals and reasons for refusal Update...
Path: LicensingBahamas Payment Services Provider License
... You will benefit from following when incorporate in the Bahamas: No corporate tax Payment institutions enjoy less stringent regulatory Advantageous tax treatment for shareholders of PSPs A stable political environment A cost-effective jurisdiction General information Company structure Minimum 1 director (can be only natural persons, no nationality or residency restrictions...
Path: LicensingCosta Rica Gambling License
...ompany setup expenses and absence of online gambling regulation and licenses.Timeframe: within 3 months Minimum paid up capital: No minimum capital requirement Overview Incorporation of Costa Rica company, if compared to other jurisdictions, is rather cost and time effective. The company structure is simple and allows the shareholders to be also legal persons. The companies ...
Path: LicensingBelize Money Transmission License
...be 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 this Central American country has become a “one stop shop” jurisdiction. Money Transmission License enables IBC to offer money transfer service or payment instruments on international level by any means, in...
Path: LicensingUnited Kingdom Limited Liability Partnership Formation
...axed quite differently from the companies in that the profits are treated as the personal income of the members as if they had run their business as a partnership. LLP’s will be tax transparent for UK purposes. However, it is unclear whether other jurisdictions will treat LLP’s in this way. It is possible that some jurisdictions will ignore the situation in the UK and treat them as corporation...
Path: CompaniesGibraltar Crypto License
...x Accounting requirements Filing annual report is obligatory Secretary - Required Registered office - A physical office in Gibraltar is required to ensure that the business is managed and controlled from within the jurisdiction. This is crucial for complying with local regulations and for effective communication with the GFSC The application proc...
Path: LicensingScotland Limited Partnership Formation
...ivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Scotland is the northern section of the United Kingdom that is leading global financial and business centre and an important jurisdiction for international tax planning. The UK is known internationally as a jurisdiction with a standard level of taxation; hence it has no imag...
Path: CompaniesQuebec Company Formation
...um capital requirement Overview Covering most of the northern part of the North American continent and with an area larger than that of the United States, Canada is the second largest country in the world. Canada is not an offshore jurisdiction. All companies registered in Canada are considered resident, and their income, received anywhere in the world, is taxable. A Quebec Co...
Path: CompaniesUSA Delaware Limited Liability Company Formation
...incorporation and formation of international companies as a Delaware LLC or Delaware Corporation. Many American & International Companies as wells as banks, financial institutions and world-wide corporation have made Delaware their registered jurisdiction. The enactment of the law to establish a Limited Liability Company (LLC) in October of 1992, which combines the best aspects of the Corpo...
Path: CompaniesSeychelles International Business Company (IBC) Formation
...the courier Minimum paid up capital: No minimum capital requirement Overview Located in the western Indian Ocean northeast of Madagascar the Republic of Seychelles comprises 115 islands and is a popular offshore jurisdiction best known for inexpensive incorporation fees and speed of service. Seychelles IBC,an International Business Company, is the most popu...
Path: CompaniesSaint Kitts and Nevis Limited Liability Company (LLC) Formation
...le to create and register offshore entities and companies. The St.Kitts and Nevis legislative framework enables efficient tax system, better estate planning, well developed wealth management and asset protection on a top level in comparison to other jurisdictions. Advantages of Saint Kitts and Nevis Limited Liability Company LLC: - Well-developed telecommunications infrastructure...
Path: CompaniesMauritius Accounting Services
... All companies in Mauritius (with exceptions) must prepare financial statements in accordance with International Financial Reporting Standards to be compliant with the local financial authorities. Also, some companies in this jurisdiction are obligated to submit quarterly returns of income as quarterly Advanced Payment System statements every 3 months as well as to fill in ...
Path: Accounting