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Singapore Crypto license
In Singapore, obtaining a crypto license requires compliance with the regulations set by the Monetary Authority of Singapore (MAS) under the Payment Services Act. Companies intending to offer cryptocurrency services must register and apply for either a standard payment institution license or a major payment institution license, depending on the scale of their operations. The application process i...
Path: LicensingBahamas Dealing in Securities license
Bahamas Dealing in security license authorizes a company to act as intermediary in the execution of securities transactions for clients, and trade in securities as principal with the intention of reselling these securities to the public.Timeframe: within 6 months Minimum capital requirement: Investment Dealer and Agent – USD 300 000 Investment Agent –USD 120 000 ...
Path: LicensingHong Kong Type 9 (Asset Management) license
...es markets of Hong Kong, the Securities and Futures Commission (SFC) is the gatekeeper of standards, administrating the SFO (Securities & Futures Ordinance). SFO stipulates regulated activity and provides detailed definition for each of them, Type 9 license covers the provision of a service to manage a portfolio of securities or futures contracts for another person.Incorporation & obtaining li...
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 Forex license
Cyprus offers a very well established environment for a Forex broker firm. It is a well-known and is one of the top choices in the EU for acquiring of a financial license. It follows very strict rules and regulations as implemented by the financial services authority of Cyprus (CySEC – The Cyprus Securities and Exchange Commission).Incorporation & obtaining license: from 5 to 9 months ...
Path: LicensingCook Islands Money Changing-Remittance license
Cook Islands offers three types of licenses for international companies with different business activities. Combined license is the one to be chosen if you wish to conduct Forex brokerage business.Timeframe: IBC incorporation – within 4 weeks license application and approval from the Financial Supervisory Authority – 5-6 months Minimum capital requirement: The Act does...
Path: LicensingLabuan Investment Banking license
Labuan, a special region of Malaysia which addresses mainly to offshore companies and which provides an attractive taxation system, offers several types of banking licenses available for both local and foreign investors who want to establish a bank in this location.Timeframe: around 6-12 months Minimum paid up capital: MYR 10 million or its equivalent in any other currency ...
Path: LicensingBahamas Payment Services Provider license
The Bahamas is an attractive location for Payment Service Providers’ (PSP) institutions for a number of reasons. Due to the great number of advantages, the amount of licensed Payment Service Providers (PSP) in Bahamas has significantly grown over the past few years.Timeframe: within 6 months Minimum paid up capital: $100 000 USD Overview Bahamas PSPs may engage in va...
Path: LicensingHong Kong Type 3 (Leveraged Foreign Exchange Trading) license
Securities & Futures Ordinance defines 10 different types of regulated activities. Type 3 license for Leveraged Foreign Exchange trading allows a licensed Corporation to buy or sell foreign exchange for clients on a margin basis.Timeframe: within 6 months Minimum paid up capital: HKD 5 million ( > EUR 500 000) – if approved as an introducing agent* HKD 30 million ( > EUR 3...
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: LicensingCzech Republic small Electronic Money Institution license
...Money Institution (EMI) is a legal entity which can issue and distribute electronic money and provide payment services. To be able to issue electronic money and provide services associated with it, a legal entity must obtain a small Electronic Money license (the license), supervised by Czech National Bank (CNB). An authorized EMI exchanges virtual electronic money (issued by EMI) for the funds of ...
Path: LicensingCosta Rica Gambling license
...ed in Central America and is bordered by Nicaragua to the north, Caribbean Sea to the east, Panama to the southeast and Pacific Ocean to the west. Costa Rica is popular for the low company 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 Ric...
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: LicensingBelize Money Transmission license
Belize provides possibility for financial service providers to obtain different financial licenses with local Regulator - IFSC. Belize licensed entities enjoy high level of confidentiality, tax exemption and other benefits of modern and user-friendly offshore legislation.Incorporation & obtaining license: 3-4 months Minimum paid up capital: USD 75,000.00 * license fee: US...
Path: LicensingVanuatu International Bank license
Issue of the International Bank license and regulation of the business activities undertaken by the licensees fall under the International Banking Act of 2002 and are controlled by the Reserve Bank of Vanuatu.Timeframe: from 4 months Net assets: must be positive of at least USD 500,000.00 Overview Vanuatu is an established offshore finance center in the Pacific region ...
Path: LicensingEstonia Crypto license
Estonia is a key hub for crypto businesses due to its progressive regulatory framework. The Estonian Financial Intelligence Unit (FIU) requires crypto exchanges and wallet providers to obtain a Virtual Currency Service Provider license, ensuring compliance with KYC, AML, and cybersecurity standards. This structure provides stability and confidence for investors and businesses. Estonia’s effi...
Path: LicensingSouth Africa Forex license
... of financial services industry in South Africa under the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act). The company that intends to conduct Forex business on a discretionary basis must obtain a Category II Discretionary FSP license with FSB.Overview Annual levy paid by a licensed FSP is calculated by FSB depending on the total gross premiums (as reported by an auditor/...
Path: LicensingGibraltar Crypto license
As of January 2018, a new regulatory framework for Distributed Ledger Technology (DLT) is becoming operational. Companies, that operate in or from Gibraltar within the field of virtual currency exchange are required to apply for DLT license under HM Government of Gibraltar.Timeframe: around 6 months Minimum paid up capital: No specific minimum share capital requirement is mandated fo...
Path: LicensingLabuan Fund Management license
Labuan offshore company 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 Ove...
Path: LicensingCzech Republic PSP license
PSP is a legal entity which can provide merchant accounts to merchants who want to accept payments and process them. To be able to work as a PSP, a legal entity must obtain a PSP (the license), supervised by Czech National Bank (CNB).Timeframe: 6-9 months since the company’s establishment, depending on the documents provided Minimum paid capital: EUR 125 000 (it is advised to have 2-10%...
Path: LicensingBulgaria Portfolio Management license
Bulgaria is the best solution for applicant who prefer to direct their business to the European Union market, as well as the markets of central and Eastern Europe. The activities of Bulgarian licensed entities are supervised by Financial Supervision Commission of Bulgaria (FSC) and governed by Financial Supervision Commission Act and the MiFID Directive.Overview The Financial Supervision Commi...
Path: LicensingCzech Republic small PSP license
PSP is a legal entity which can provide merchant accounts to merchants who want to accept payments and process them. To be able to work as a PSP, a legal entity must obtain a small PSP (the license), supervised by Czech National Bank (CNB).Timeframe: 6-9 months since the company’s establishment, depending on the documents provided Minimum paid capital: EUR 50 000 (it is advised to have ...
Path: LicensingBulgaria Crypto license
In Bulgaria, obtaining a crypto license involves registering a company with the Bulgarian Commercial Register, typically as an LLC, and complying with the regulatory requirements set by the Financial Supervision Commission (FSC). The application process includes submitting a detailed business plan, AML/KYC policies, risk management procedures, and information about key personnel. The FSC reviews ...
Path: LicensingKazakhstan Crypto license
...work and supportive government stance. The Astana International Financial Centre (AIFC) oversees crypto activities, ensuring compliance with local and international standards. To operate legally, crypto exchanges and related businesses must obtain a license from the AIFC, which requires adherence to strict anti-money laundering (AML) measures and know-your-customer (KYC) procedures. Furthermore...
Path: LicensingLithuania Payment Institutions license
In order to provide payment services a payment institution is to be licensed by the Bank of Lithuania. A Lithuanian licensed payment institution may perform services such as money remittances, payment transactions, cash deposit and cash withdrawal services, and other closely related to those services. However, a payment institution may not accept deposits from unprofessional market participants a...
Path: LicensingGeorgia Crypto license
...and supportive government policies. The National Bank of Georgia oversees the regulation of crypto activities, ensuring compliance with local laws and international standards. To operate legally, crypto exchanges and related businesses must obtain a license, which involves meeting stringent requirements such as robust anti-money laundering (AML) measures and thorough know-your-customer (KYC) proce...
Path: LicensingNew Zealand Crypto license
...ncy businesses due to its robust regulatory framework and supportive environment. The Financial Markets Authority (FMA) regulates crypto activities, ensuring compliance with the Financial Markets Conduct Act 2013. Crypto exchanges must obtain an FMA license, meeting strict requirements for investor protection and market integrity, including AML, CTF, and KYC regulations. New Zealand's proactive...
Path: LicensingSeychelles Securities Dealer license
Dealers in Securities license allows the company to trade in securities as a principal or as an agent. Seychelles Financial Services Authority is the body that regulates the licensing in Seychelles under the Securities Act 2007 and its Regulations. Therefore, the relevant Authority is able to issue the Dealers in Securities license either Unrestricted, Restricted and Exempt Overseas.Timeframe: wi...
Path: LicensingComoros International Brokerage and Clearing House license
In order to apply for a license the applicant must first establish an International Business Company (IBC) in Comoros. This process takes approximately 48 hours from receipt of the relevant documentation.Timeframe: 10 business days Minimum paid up capital: no capital requirements Overview In order to apply for a license the applicant must first establish an International Business ...
Path: LicensingCyprus Crypto license
In Cyprus, obtaining a crypto license involves registering a company and adhering to the regulations set by the Cyprus Securities and Exchange Commission (CySEC). The application process requires submitting a detailed business plan, AML/KYC policies, risk management procedures, and information about the company's directors and shareholders. CySEC evaluates the application to ensure that the busin...
Path: LicensingCryptocurrency Exchange license in El Salvador
...e 2021 and became the first country to officially recognize the digital currency at the national level. The government's rapid development of the cryptocurrency sector is supported by tax incentives and exemptions for companies with a cryptocurrency license in El Salvador. Timeframe: within 3 – 4 months Minimum capital requirement: Share capital of 2000 USD (the Law allows the granting of ...
Path: LicensingSouth Africa Crypto license
In South Africa, obtaining a crypto license involves adhering to the regulations set by the Financial Sector Conduct Authority (FSCA). Prospective crypto service providers must register their businesses and comply with the Financial Intelligence Centre Act (FICA), which mandates strong AML/KYC policies. The application process includes submitting a detailed business plan, risk management strategi...
Path: LicensingSlovakia Crypto license
In Slovakia, obtaining a crypto license requires registering a business with the Slovak Commercial Register and complying with the regulatory standards set by the Financial Market Authority. The process involves submitting a comprehensive application, which includes a business plan, AML/KYC policies, and detailed information about the company's key personnel and their qualifications. The authorit...
Path: LicensingBrand-new product - Crypto Exchange & Wallet license in Lithuania
**OFFSHORElicense LTD is proud to offer brand-new product - Crypto Exchange & Wallet license in Lithuania** [**Crypto Exchange & Wallet license in Lithuania**- click here](http://www.offshorelicense.com/licensing/crypto-exchange-and-wallet-license-lithuania) Recently, Lithuania started offering a friendly and well-regulated legal environment for crypto exchange and crypto wallet services pr...
Path: BlogHead of the Estonian Financial Watchdog Endangers Crypto license Holders
... appointed to his role in May, 2021, Matis Maeker, has recently made a statement that the country should re-start the licensing process of all crypto-related businesses in the country, which implies that all of crypto exchanges will be revoked their licenses. According to Estonian media outlet, Eesti Ekspress, the financial watchdog’s chief wants to ‘turn the regulation to zero’. “Thes...
Path: BlogThe Cook Islands first licensed online foreign exchange money changer
**Offshorelicense LTD** is happy to announce that recently **one of our clients became the first licensed online exchange money changer in the Cook Islands**. We are **very grateful to our client** for such a high level of trust and considerable patience shown during the process of obtaining this license. Rest assured, we will assist and guide you through the entire process of incorporation, l...
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: BlogSaudi Arabia issued its first license for Forex trading
...e most populous countries in the area, with the population reaching 32 million as of 2017, the country is a lucrative destination for forex brokers. On April 25, the Capital Market Authority (CMA) of Saudi Arabia has issued its first forex broker license and, therefore, made the country even more attractive for brokers. The newly licensed broker for forex trading is a Closed Joint Stock Company...
Path: BlogHow to Get a Crypto license in 2024
 Cryptocurrencies have become an integral part of the financial landscape, and with their growing adoption, the need for regulatory compliance has also increased. Obtaining a crypto license is essential for businesses that wish to operate legally within this space. Whether ...
Path: BlogGerman crypto companies will require BaFin license as of next year
Starting from next year, **new regulation in Germany will require cryptocurrency companies to obtain a license issued by the Federal Financial Supervisory Authority (BaFin)**. Crypto derivatives will not fall under these regulations, but remain subject to the ESMA’s current restriction and any future proposals by the BaFin regarding the sale of these instruments to retail investors. Based on...
Path: BlogA new license assessment procedure will be adopted for certain AFS applicants
... 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 some limited respects. This is designed to avoid unnecessary delays that ...
Path: BlogThe Offshorelicense website launch. What it brings to us?
*We have been reworking our website for a while and now the day has come. If you haven’t heard about Offshorelicense, here is a brief introduction.* We work as international company which deals with various business tasks. For example, we can assist with starting and setting up business in offshore zones, deal with licensing matters and opening bank accounts. Offshorelicense is a trustworthy t...
Path: BlogThe Hong Kong Monetary Authority Has Issued New Online Banking licenses
The Hong Kong Monetary Authority (HKMA) has recently stated that it is issuing four more virtual banking licenses, bringing the total number of virtual banking license owners to eight. This means that the overall number of banking licenses of various types operating in Hong Kong is equal to 160. **Norman Chan, the HKMA’s chief executive officer stated:** **“**We are pleased to grant f...
Path: BlogBelize 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: LicensingVanuatu Dealer's in Securities license
Vanuatu is a great place for launching forex brokerage company due to its low capital requirements and variety of tax benefits.Incorporation & obtaining license: 4-6 months Minimum paid up capital: No minimum capital requirement. Instead, government bond of approx. USD 50 000 is used. Overview Vanuatu, officially the Republic of Vanuatu, is an archipelago in the S...
Path: LicensingCuracao Gambling license
Curaçao is one of the oldest and most politically stable providers of regulated eGaming services.Incorporation & obtaining license: 2-4 weeks Minimum paid up capital: No minimum capital requirement license fee: USD 1,000.00 Overview An E-zone is an area within Curaçao in which, amongst others, international trade and trade suppor...
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: LicensingBulgaria Forex license
...ment, and boasts the lowest corporation tax in the EU at only 10%. In order to provide brokerage services it is required to become an Investment Intermediary regulated by the Financial Supervision Commission of Bulgaria.Incorporation & obtaining license: from 3 to 7 months Minimum paid up capital: EUR ~ 125,000.00 or EUR 730,000.00 depending on the licence type (STP or MM) Lice...
Path: LicensingBermuda Digital Asset license
...ive framework for digital asset business and services to be operated within a regulated environment in or from within Bermuda.Timeframe: : contingent upon the complexity of the applicant's business and the collation of the documents needed for the license application Company incorporation – approx. 5 business days from the lodgment of the application Initial BMA decision in respect of th...
Path: LicensingCyprus Investment Fund license
...etters: From Roman alphabet Restricted any name that is identical or similar to an existing company Names that are misleading or deceptive are prohibited Offensive names are prohibited Must contain the word "Fund" In order to obtain a license, the following steps will be carried out: Gathering necessary documents in agreed form Preparing Application for Regulatory Approval ...
Path: LicensingLabuan Money Broking license
Labuan serves as an attractive place for setting up forex brokerage business in the Malaysia region and provides relatively favourable corporate taxes.Incorporation & obtaining license: from 4 months Minimum paid up capital: RM500,000 (unimpaired by losses) or its equivalent in any foreign currency (we recommend to have approx. USD 130 000, 00 as a paid-up capital) ...
Path: LicensingLabuan Crypto license
...uan is an island and a Federal territory of Malaysia, which offers one of the strongest regulatory frameworks for various financial service companies. This, along with the favorable tax system, makes Labuan a prestigious place where to start a Token licensed Business. According to local laws issuer of such tokens undertakes that: on the production of the token, whether or not some other acti...
Path: LicensingMauritius Global Business license (GBL), PIS
...here are no regulations set, the authorities would provide conditions / requirements in the post licensing letter). This means that the capital amount is decided in case-by-case basis depending on the scale of business Overview The license which is issued in Mauritius regarding payment intermediaries is PIS or Payment Intermediary Services (also known as Payment Service Provider)...
Path: LicensingSwitzerland Crypto license
...ts Supervisory Authority (FINMA) through regular publication of guidelines in one or another area of cryptobusiness. Thus, based on the recommendations of FINMA, almost all activities in the field of cryptobusiness fall under one of the following licenses (depending on the business model, one activity may fall under several licenses at the same time): Financial intermediary license (the m...
Path: LicensingGibraltar Gambling license
...ant role of Tourism in its economy prompted the Government to look into gambling as a new source of revenue. Gibraltar has been one of the pioneers in relation to the licensing and regulation of online gambling services.Incorporation & obtaining license: within 6 months Minimum paid up capital: is set on case-by-case basis Overview The Gibraltar online gambli...
Path: LicensingNorway Crypto license
...ing 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 crypto license in Norway. Companies must demonstrate financial stability. Overview Norway offers a favorable environment for cryptocurrency bu...
Path: LicensingIsle of Man Gambling license
...ce tax. Also, the island is extremely favorable for business as it has 0% Corporate Income Tax. It is considered as a banking and financial services hub with tourism also making a significant contribution to the economy.Incorporation & obtaining license: 3 months after application submission Overview OGRA license covers all games where: they use telecommunications (phones,...
Path: LicensingAustralia Crypto license
... Currently, digital currency exchanges must register with AUSTRAC as service providers. Companies offering financial services related to digital currencies, such as trading or investment advice, need to obtain an Australian Financial Services (AFS) license from ASIC. This license permits the provision of various financial services within Australia. Company structure In Austral...
Path: LicensingLuxembourg Investment Fund license
...me Language: Any Letters: From Roman alphabet Restricted any name that is identical or similar to an existing company Names that are misleading or deceptive are prohibited Offensive names are prohibited In order to obtain a license, the following steps will be carried out: Gathering necessary documents in agreed form Preparing Application for Regulatory Approval ...
Path: LicensingUK Crypto license
...fy whether the particular Crypto Exchange project complies with the legislation of the United Kingdom.Timeframe: 9 - 12 months Minimum paid up capital: There is no specific minimum share capital requirement for obtaining a crypto license in the UK. However, companies must demonstrate sufficient financial stability to meet operational and regulatory demands. Ov...
Path: LicensingCayman Islands Securities Investment Fund license
...me: Language: Any Letters: From Roman alphabet Names that are misleading or deceptive are prohibited Company name is restricted to be identical or similar that of an existing company Offensive names are prohibited In order to obtain a license, the following steps will be carried out: Gathering documents in agreed form Drafting of the fund’s offering memorandum Preparatio...
Path: LicensingJapan Virtual Currency Exchange Provider’s license
...amended Payment Services Act came into effect and as of that moment operators of Virtual Currency exchange business are required to be registered with the Japanese Financial Services Agency.Timeframe: Company formation - within 8 weeks license application - within 6 months Minimum capital requirement: 10 000 000 JPY (approx. EUR 75 000) + Registration tax minimum of 150 000...
Path: LicensingCayman Islands Securities Investment Business license
...on among investors.Timeframe: around 6 months Minimum paid up capital: KYD 100,000 (>USD 121,000) Overview The company incorporated in Cayman Islands that wishes to conduct brokerage business is required to hold a license granted by Cayman Islands Monetary Authority (CIMA). Investment activities are regulated by the Securities Investment Business Law (SIBL) (lat...
Path: LicensingNew Zealand Asset Management license
...n 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 Provider’s (FSP) license must be registered within New Zealand as this option is not available for foreign legal entities. An applicant for the New Zealand Financia...
Path: LicensingCzech Republic Electronic Money license
...electronic money and provide payment services.Timeframe: approximately 3-6 months Initial capital: EUR 125,000.00 To be able to issue electronic money and provide services associated with it, a legal entity must obtain an Electronic Money license. An authorized EMI exchanges virtual electronic money (issued by EMI) for the funds of customers in form of cash. For the purpose of obtain...
Path: LicensingSt. Vincent and Grenadines International Banking license
... the Financial Services Authority.Timeframe: between 4 and 8 months Minimum paid up capital: - Class A: 1,000,000 USD - Class B: 500,000 USD Overview There are two (2) types of international banking licenses issued by the Authority in Saint Vincent and the Grenadines: Class A - for the purpose of carrying on international banking business ge...
Path: LicensingFiji Foreign Exchange Dealer license
...eputation among investors.Timeframe: approximately 3 months Minimum paid up capital:: $50,000 USD Overview Legality and Licensing: Forex trading in Fiji is legal. However, individuals and companies must obtain a Foreign Exchange Dealer license from the Reserve Bank of Fiji (RBF). This license ensures compliance with Fiji’s regulatory framework and helps maintain financial stability...
Path: LicensingSt.Lucia Company Formation
...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. Lucia Company Formation service designed for entrepreneurs who d...
Path: LicensingFidelity Asia Bank Account Opening
Fidelity Asia Bank (FAB) is a wholly owned offshore banking subsidiary of the Fidelity Bank Group and is licensed by the Labuan Offshore Financial Services Authority of Malaysia.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 se...
Path: BanksAfrAsia Bank Account Opening
AfrAsia Bank is a Private and Corporate Bank in Mauritius. It is one of the commercial banks licensed by the Bank of Mauritius, the country's central bank and the nation's banking regulator.Account opening: 7-14 working days Overview: AfrAsia Bank is a large financial services provider in Mauritius and in the adjacent continental sub-regions of Southern, Central and Easter...
Path: BanksChina amends the FIE record-filing laws regulating foreign investments
...ber 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 and enc...
Path: BlogNew 6 AMLD Compliance Conditions for EMIs
...en more regulatory requirements by the FIUs. With new measures directors and owners of EMIs will be personally criminally liable for AML breaches. In the high-risk industry, EMIs may be permanently shut down and can be blacklisted. Additionally, the license of the EMI may be terminated indefinitely effective the first notification from the local Member State Regulator. EMIs that are currently u...
Path: BlogFirst Digital Securities Exchange Approved by Financial Conduct Authority
...itutions. It received the UK approval when it is aggressively expanding overseas operations. In consideration of growing activitiy and posibilities conducting bussiness as regulated digital securities exchange and custodian in the UK, our Offshorelicense team are ready to establish your crypto exchange company in the UK. Read our blog to keep abreast of all actual and interesting technology...
Path: BlogCySEC Requires to Follow Recently Introduced FATF’s Policies
...ancing when implementing appropriate measures and procedures on a risk-based approach, and on implementing the customer identification and due diligence procedures. Offshorelicenese team are ready to assist our clients to acquire ready-made CySEC licensed company or apply for the Cyprus Forex license taking into account new policies requirements from the regulator. Read our blog to keep abre...
Path: BlogNew Legal Framework for Forex Brokers in Saint Vincent and the Grenadines
...blic that any forex business undertaken by SVG company is unregulated by the FSA and that clients should be aware of this and exercise caution when doing such business. Recently, FSA announced that it is planning on establishing its own financial license, which companies wanting to offer financial services from SVG will need to secure before starting their operations in the country. Therefore, ...
Path: BlogForex Markets Related Regulations After Pandemic
...trols for a variety of risks are difficult to turn your mind when trying to run a small business and therefore have been largely ignored by many providers. This also applies to conflicts of interest and business continuity requirements that apply to licensees. Read our blog to keep abreast of all actual and interesting technology news.
Path: BlogNew Legal Framework for Forex and CFD Brokers in Bahamas
...o significantly reduce leverage. In order to find better trading conditions, lot of forex traders began to leave Europe due to ESMA implementations which restricted leverage and marketing activities. As the result, many traders ended up obtaining license from the SC of the Bahamas. Taking into account the progress of these events, the online trading has flourished over the past few years in the...
Path: BlogAlbania is preparing a legal framework for virtual assets
...izes the risk of money laundering through the use of digital currencies. According to new regulation it is required that any virtual asset service provider put in place a risk-protected system to monitor transactions for suspicious transactions. The licensees will also have to adhere to the existing guidelines on the prevention of money laundering, including employing staff member with the necessa...
Path: BlogGermany Introduces Draft Bill on Blockchain-Based Digital Securities
... digital securities and the blooming decentralized finance sector. At the beginning of 2020, Germany had allowed local banks to sell cryptocurrencies to their customers. After approving the sale, 40 banks had reportedly applied for crypto custody licenses by February 2020. Earlier this year, BaFin also officially classified cryptocurrencies as financial instruments, following regulatory recomme...
Path: BlogNew requirements for Lithuania and UK EMIs
...onduct Authority (FCA) will not be considered as a part of the European Securities and Market Authority (ESMA) post 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 im...
Path: BlogLaunch of a new EU trade body - The European Digital Payments Industry Alliance
...ment industry. Also, the EDPIA is looking forward to inviting relevant stakeholders to a physical launch event in Brussels once the COVID-19 crisis is over. In order to support and give a contribution to payment ecosystem and industry, Offshorelicense team would gladly assist our clients to establish their own payment institutions throughout Europe and find best possible solution according t...
Path: BlogCySEC Enhancement of Procedures Regarding Safeguarding of Client Funds
... of delays, compensate client funds with PSP/EMI, manage the exchange risk linked to the maintenance of client’s funds in another currency and cover any deficits. Offshorelicenese team are ready to assist our clients to acquire ready-made CySec licensed company, apply for the Cyprus Forex license, or, considering Cyprus regulatory authority intentions, apply for EMI and PSP license, or assist...
Path: BlogImpact of New Legal Framework on Estonian Crypto Market
Since the establishment of fintech as an independent banking field, crypto exchanges have tried to find the right license that will enable them to conduct business with a possibly lowest limit of regulation, at the same time still trying to comply with local framework. Estonia is one of the most advanced digital nations and also the first country, which has implemented e-residency for global ...
Path: BlogSouth Africa’s Introduction to Crypto Regulation
...s newest recommendations are open for comment through May 15. Considering South Africa’s official’s intentions to introduce new crypto legislation, Offshorelicenese team are ready to assist our clients to apply for the South Africa’s FSCA license according to legislation requirements. Read our blog to keep abreast of all actual and interesting technology news.
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
...cal crypto business to comply with AML regulations and register with a competent local finance entity. Although Estonia is not a member of FATF, updated guidance is considered as a foundation for new legislative changes in Estonian cryptocurrency licensed businesses. In May 2019, the Estonian officials passed legislation tightening licensing requirements, and in January 2020, it went further, a...
Path: BlogJapanese Officials Introduce New Amendments in Japan’s Crypto Laws
... of electronically recorded transferable rights (ERTRs) under the FIEA. Despite the fact that Japanese officials have introduced amendments into local crypto legislation, Offshorelicenese team are ready to assist to our clients with Japan Crypto license obtaining according to new legislation requirements. Read our blog to keep abreast of all actual and interesting technology news.
Path: BlogNegative effects for Payment Service and E-money Institutions in case of no-deal Brexit
...banks for euro correspondent services, including non-bank PSPs, such as PIs and EMIs, which will have to open accounts with EU-based PSPs. Many Authorised Payment Service Institutions and Authorised E-money Institutions based in the UK also acquired licenses in the EU Member States and established subsidiaries or at least made applications. Regarding accessibly to SEPA, there are countries outs...
Path: BlogBelarus exempts Forex trading from taxes
.... The tax exemption was initially proposed in March of 2016, however, since then it was only a temporary measure and had to be extended every year. Apparently, the regulator is keen to contribute and develop the sector. The increasing number of licensed companies, the enormous speed increase of client base (more than 300% annually), the growth of clients deposits (by 20 times over the three y...
Path: BlogASIC implements new rules for issuers of CFDs
...uld be achieved with a modest initial margin. Wholesale clients in Australia may have access to a broader set of instruments, however, less protection measures which apply to retail clients. As a result, **all issuers of CFDs holding an ASIC license have to review the customer onboarding process and cease the use of the ‘price and value test’**. Moreover, CFDs issuers have to review th...
Path: Blog6 reasons why best Forex brokers are regulated
...trading. The absence of a regulatory status imposes a huge risk to investors’ assets. **Credibility** A regulatory status adds credibility to a forex broker. If the broker was able to stand the test, meet all necessary criteria and obtain a license from the authority, it means that such broker adheres to guidelines and guarantees implementation of the requirements. Hence, a regulated deal...
Path: BlogEU and US propose legislative changes regarding digital asset industries
...k Supervisors (CSBS) announced the launch of MSB Networked Supervision, a set of compliance guidelines for large Money Service Businesses (MSBs) in the US. These guidelines will standardize compliance procedures across states, which allows for state-licensed money transmitters to achieve compliance in multiple states at a time. No doubt that these legal frameworks could have big impact for global ...
Path: BlogThe great step towards China
*Offshorelicense Ltd is an outward-looking international business company that has demonstrated tremendous growth in recent years by providing the first-class services on the global stage. The company is a trustworthy turnkey partner in setting up an offshore company alongside offering a wide range of business solutions.* Our worldwide team of experts has an extensive experience in the **inter...
Path: BlogCan Bitcoin Replace Gold As the Safe-Haven Asset?
... 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 Switzerland or Virtual Currency Provider license in Estonia. Read our blog to keep abreast of all actual and interesting technology news...
Path: BlogIndia is up to Classifying Crypto-Exchanges as e-Commerce Platforms
...e, who are interested in crypto-related business affairs, we are offering a wide-range of solutions and our team of professionals is always there to advise those seeking for information. One of the top-notch up-to-date decisions is Lithuanian Crypto license, which can be obtained through us.
Path: BlogBermuda became the first government to accept digital currency payments
...iding such an opportunity. This means that around 60,000 residents of the island will be able to pay their taxes using the cryptocurrency. **For government services payments, Bermuda will accept USD-dollar backed stablecoins (USD Coins) that are licensed by the Bermuda Monetary Authority.**This cryptocurrency is the second most popular and the fastest-growing stablecoin in the world. USD Coins...
Path: BlogAfrAsia Bank Account Opening
AfrAsia Bank is a Private and Corporate Bank in Mauritius. It is one of the commercial banks licensed by the Bank of Mauritius, the country's central bank and the nation's banking regulator.Account opening: 7-14 working days Overview: AfrAsia Bank is a large financial services provider in Mauritius and in the adjacent continental sub-regions of Southern, Central and Easter...
Path: BanksFidelity Asia Bank Account Opening
Fidelity Asia Bank (FAB) is a wholly owned offshore banking subsidiary of the Fidelity Bank Group and is licensed by the Labuan Offshore Financial Services Authority of Malaysia.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 se...
Path: BanksDubai’s VARA Fines 7 Crypto Companies and Issues Cease-and-Desist Orders
 Authorities in Dubai, represented by the Virtual Assets Regulatory Authority (VARA), have fined seven cryptocurrency companies for operating without proper licenses and violating local marketing regulations. The fines range from 50,000 to 100,000 dirhams ($13,600 ...
Path: BlogLabuan FSA Tightens Money Broking Rules Amid Growing Industry
...: * **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 confusion and paving the way for the use of digital technology in fintech innovation. * **Boosting Compliance**: Enhanced anti-mo...
Path: BlogComprehensive Guide to Opening an Offshore Company in Seychelles
 Seychelles has become a prominent destination for entrepreneurs and businesses looking to establish offshore companies. Its favorable business environment, tax advantages, and streamlined registration process make it an attractive option for international ...
Path: BlogJapan to Tighten Crypto Rules for Preventing Sanctions Evasion
...ned businesses or private persons. Due to the financial sanctions that were taken against Russia, the country is now forced to search for alternative payment systems and methods in regard of accessing international trade market. We at Offshorelicense Ltd are closely looking out for the changes in legislation all over the globe that are taking place due to the current unstable situation in t...
Path: BlogControversy on 30% Crypto Tax in India
...dern and promising industry. For those interested in starting a business related to cryptocurrencies we have a wide-range of top-notch solutions and we are able to find a suitable one for anyone interested. For example, as of today Lithuanian Crypto license is a hot-potato solutions – it is popular, convenient and business friendly. Please feel free to get in touch with our team of professionals...
Path: BlogVanuatu is Willing to Move Its Financial Dealers Onshore
...eefed up the requirements for FDL holders. - “Vanuatu wants to bring about a sea change in the way it does business," St-Hilaire, chairman of VFMA, says. Times, when offshore companies were operating remotely under Vanuatu’s Financial Dealer license (FDL), are a-changing. By the end of 2022, all Vanuatu security broker will be obliged to move onshore and make tangible investment into the ...
Path: BlogIndian Declaration on Cryptocurrencies Proposes Jail Term for Violation of Rules
.... However, not all countries share the same politics on the cryptocurrencies, and for those interested in running crypto-related business we have a wide range of proposals and decisions. Currently, the most attractive option is Lithuanian Crypto license, which can be obtain through our professional services. Feel free to find out more in case of interest and contact our team of professionals.
Path: BlogGerman Political Parties raise discussion on implementing Regulation for Crypto Blockchain Industry
...the citizens of European Union. For those interested in starting a business related to crypto-activities, our team of professionals can offer a variety of working decisions. For example, the current hot-potato for those seeking to obtain a crypto-license, is Lithuanian Crypto license, which we may assist with. In case of interest, feel free to contact out staff.
Path: BlogFrom now on, Cryptocurrency Transactions are under strict AML regulation in Israel
...rrency market all over the globe. We will review Israeli market for possible decisions which may be useful to our client, however, at the moment we recommend all entrepreneurs interested in crypto-asset activities to take a look at Lithuanian Crypto license – in case of interest feel free to contact us to find out more.
Path: BlogASIC’s strengthens consumer protections by reducing CFD leverage
...r will remain 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...
Path: BlogDubai is set to regulate investment tokens
... we have a variety of decisions for those willing to try themselves in cryptocurrency business affairs and we will be delighted to offer our services to every person interested. For now, the so-called ‘hot-potato’ appears to by Lithuanian Crypto license, which is offered by Offshorelicense – feel free to contact us in case of interest!
Path: BlogHungary is on its way to become an offshore heaven
...corporate tax in the last few years, its current rate is only 9%, which make 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 be...
Path: BlogCyprus Securities and Exchange Commission (CySEC) accepts new policy for Crypto-Asset providers
...d by the CySEC are pretty strict and tightening the governmental control over Crypto market, which is inevitable due to mushroom growth of Crypto-industry.** **For those who are interested in running business related to crypto-activities, OFFSHORElicense LTD offers a wide-range of services and decisions.** For example, one of the best offers on the market is [**Lithuanian Crypto license**](http...
Path: BlogBrief description of the first day of Bitcoin usage in daily payment: technical problems and protests
...office still sees that as a 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...
Path: BlogSouth Korea is planning to establish Crypto-Focused Bureau
...urrencies as financial assets such as fiat currencies. Instead, the newly-organized regulator will be named ‘Crypto-Asset Monitoring Bureau’ and its main goal is to track any suspicious crypto-related transactions and to decide whether to extend licenses for crypto operations in South Korea. “The FSC’s decision for the creation of an independent bureau inside KFIU with increased personn...
Path: BlogCuba is up to define Crypto Regulation Guidelines
...rnment of Cuba is seeking to establish guidelines for crypto-related providers licensing. “The Central Bank of Cuba, for reasons of socio-economic interest, may authorize the use of certain virtual assets in commercial transactions, and grant a license to virtual asset service providers for operations related to financial, exchange and collection or payment activities, in and from the nationa...
Path: BlogNew Gambling regulator in Curacao is coming?
...g regulator, which was expected to start operating in March, 2021, however, as of August, 2021, the changes still did not take effect. Gaming Control Board **will take over the operations of the Government of Curacao**, that had previously issued licenses to a variety of sports and e-sports betting sites & brands from all over the world. In a bid to fight illegal activity (such as **money laund...
Path: BlogFive Fundamental Changes in FinTech from FCA
...(the maximum tolerable amount of disruption to an important business service) to understand how effective the FCA’s work to improve the operational resilience of the financial sector has been. Companies need to provide a business plan to obtain a license, FCA wants to make sure that companies keep up with their original plans, and if the FCA changes, it is duly notified and can assess the possi...
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: BlogEl Salvador: Bitcoin will become legal tender, alongside the US dollar
... economic development to take a closer look at their currently used settlement currencies. In any case and scenario, the described situation can affect the crypto currency market. Therefore, our team would be happy to help you to obtain a Crypto license, with the most cost-efeсtive solution available in Estonia.
Path: BlogHong Kong Securities and Futures Commission changing its previous "opt-in" approach
...y. The Hong Kong governmental institutions will introduce new licensing measures under its anti-money laundering legislation and all crypto trading platforms operating in Hong Kong or offering services in the region will be required to obtain the license. At the moment many major cryptocurrency exchanges are based and operating from Hong Kong, but are licensed by other crypto-friendly jurisd...
Path: BlogEconomic Substance Regulations in UAE
...uent time) – AED 50,000 to AED 300,000 • Failure to provide information or providing inaccurate information – AED 10,000 to AED 50,000 Non-compliance may also result in other penalties such as revocation, suspension or non-renewal of a license. Besides, the UAE authorities may exchange information about non-compliant companies. Such information may be shared with the tax authorities ...
Path: BlogLocal Swiss Authority Planning to Accept Taxes in Cryptocurrency
...g advantage of business-friendly and low-taxation regulations in the country. If you have planned to provide various operations with cryptocurrency including offering customers a virtual currency, our team would gladly help you to obtain a Crypto license in Switzerland or Virtual Currency Provider license in Estonia. Read our blog to keep abreast of all actual and interesting technology news...
Path: BlogHong Kong introduced new rules for Virtual Asset Fund Managers
...g with crypto assets when choosing a custodian. Besides, fiat currency must also be kept separate. Where a virtual asset fund manager receives the fiat currency on behalf of the client, a segregated bank account must be established at one of the licensed Hong Kong’s financial institutions. The document also emphasizes the importance of sufficient human and technical resources, as well as...
Path: BlogHow to Relocate Your Business Overseas: Expert Recommendations
...s, 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. [](http://offshorelicense.com/companies/british-virgin-islands-internatio...
Path: BlogNovelties for the Blockchain Business and ICOs in Gibraltar
...ferring values that belong to others. Currently, **DLT** is widely known as Blockchain and businessmen with an innovative vision started establishing the firms that use this technology. From now on, **Blockchain services** need to obtain special licenses from the Commission and become official providers. The main idea of the novelty is to support companies working with the distributed ledger t...
Path: BlogOne...Two...Three...Brexit! The UK Takes Gibraltar Along
...rve all relations with the EU along by taking part in the negotiations. All future business agreements of the UK will make sure that Gibraltar’s economy, business sector and also society will not suffer from the inadequate conditions. **Offshorelicense Ltd** is certain that your Gibraltar business can be developed under these circumstances. However, if there is a need to move or reorganize yo...
Path: BlogVirtual Currencies’ Control in Singapore
...usiness might arise. In addition, initial coin offerings or **ICOs** also will have to comply with new regulations. Investors will be more protected than any time before. Registration of your ICO and obtaining an intermediary or exchange operator license is now also a must. You are still looking for a secure jurisdiction for a company that deals with virtual currency? Consider Singapore as a...
Path: BlogReview of the Funds in Cayman Islands
...s releases digests on the funds industry. The latest one was issued on December 29 revealing the data for 2016. This year has mostly showed a decrease in number of registered funds except for Master funds that reported growth in 2016. In general, licenses and/or registrations were issued for more than 10 and a half thousands of funds. It is less than in 2015, but only by 354. Therefore, the dec...
Path: BlogHow RootAnt Makes Brokerage in China Easier
...t traders, brokers and other users are there to do business, they are not ready to tolerate inconveniences and lags in their tech tools. Choosing a proper product to use while entering China as an international broker is very important. **Offshorelicense Ltd** is always ready to assist your business by analyzing all choices and finding the best solution. Do not hesitate to move onto new markets...
Path: BlogThe Isle of Man Aircraft Registry Awards
...ward. For example, the winner should have the following traits: being innovative, informative, follow all requests and satisfy the interests of clients. This means that using the Isle of Man Aviation Registry is receiving the best service. **Offshorelicense Ltd** is always ready to assist your business by analyzing all choices and finding the best solution.
Path: BlogBlockchain regulations are on the way to Malta
...ring their visit to Dubai, Maltese representatives announced plans regarding the cooperation. Malta 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 ...
Path: BlogBermuda warns: virtual currency shall not pass
...kens it is good to analyze reliability of investment. However, we are looking forward to the day when Bermuda governmental authorities will release new regulations on **virtual currencies**. If you plan on starting ICO or investing in one, **Offshorelicense Ltd** is ready to consult you on pros and cons of working with the cryptocurrencies.
Path: BlogThe new transparent taxes in Latin America and the Caribbean
...d start changing economy according to the demand of the new world. Accommodation and adaptation can lead Latin America and the Caribbean to become very prospective business jurisdictions. We, professional analysts and consultants of the **Offshorelicense Ltd**, hold our hands on the pulse of every change. Are you thinking of starting business in Caribbean or in any of the LatAm countries? Our e...
Path: BlogRepeal of the Bermuda tax reform as the general service tax got denied
...deal with potential economical threats, like the US lowering corporate taxes, as well as implementing new rules and bringing jurisdiction’s economy to a higher grade. Wondering where to relocate your business or how to start a new one? **Offsorelicense Ltd** consultants are ready to help you not only with current situation on the international market, but also supply you with valid forecasts ...
Path: BlogWhy Moving Your Business Offshore Sounds Reasonable
...r to improve too thanks to the low tax rates in offshore jurisdictions. Unquestionably, you still have to legalize your business, act under specific legislation and in accordance to the local law. [](http://offshorelicense.com/companies/belize-international-business-com...
Path: BlogSwitzerland puts a hand over supervising ICOs
...nified position about cryptocurrencies, blockchain and ICO. For the time being, Switzerland is a pioneer in this case and these regulations might become a runway for the EU and the UK. **Potential of crypto technologies is incredible** and **Offshorelicense Ltd** is a reliable escort for business wanting to enter crypto-world. European countries are just starting to adopt the new technologies and ...
Path: BlogVirtual currency draft bill in Gibraltar
...l bear the responsibility to assure compliance of token distribution with existing rules; 1. * -Rules for companies and individuals who provide advice regarding token business. Full text of future legislation is not yet available but **Offshorelicense Ltd** specialists know all up-to-date information about existing token and DLT regulations in Gibraltar and follow the updates from the Gibral...
Path: BlogNew tax relief measures in Hong Kong budget
The new **Hong Kong** budget was released recently, and **Offshorelicense Ltd** analysts have prepared the information on **2018 tax novelties** for you. The most important changes apply to the **taxation of environmental-friendly technologies and to individuals’ taxation**. The relevant changes are listed below in greater details. • The companies, that invest in green technologies, will ...
Path: BlogIs Accepting Bitcoin a Reasonable Choice for Banks?
...e cryptocurrency technology but development and growth of the Bitcoin cannot be denied. This is why professional traders, brokers, investors and entrepreneurs have to keep their hand on a pulse. Do not miss out the latest news updated from **Offshorelicense Ltd** experts. Keep your Bitcoins safe and do not hesitate to use our services when thinking of creating a new crypto-exchange or a Bitcoin ba...
Path: BlogGibraltar criticizes Brexit Agreement Draft
...ost-Brexit transition agreements. Considering the fact that the UK Parliament promised Gibraltar that they will not leave behind their overseas territory while dealing with the European Commission and drafting all withdrawal agreements. **Offshorelicense Ltd** consultants are keeping our hand on the pulse of this situation. Currently, Gibraltar will take all possible measures to protect the ter...
Path: BlogSeychelles - Mauritius potential financial services partnership
...f Seychelles and Mauritius will benefit from their collaboration. Moreover, this will ease doing business for international entrepreneurs in both jurisdictions. Exchanging knowledge and planning future cooperation is now in progress and **Offshorelicense Ltd** will keep in touch with the most recent news from these territories.
Path: BlogHow to Incorporate a Company and Why it is Beneficial
...ypes of activity. However, consider your plans and think about physical office need, taxation matters, hiring personnel and obtaining necessary permissions. This might affect your company type as well. [](http://www.offshorelicense.com/companies/belize-international-business...
Path: BlogGST and Excise Tax Revision in Belize’s New Budget
...s Companies will enjoy preferential low-tax regime until October 2018.** The other transitions will be implemented soon, as Belize will amend its tax regime according to the international compliance requirements and other government plans. **Offshorelicense Ltd** will keep you informed on any alterations relevant to offshore businessmen.
Path: BlogWill Bahamas be removed from the EU tax blacklist?
...t is important to check if its provisions correspond with the BEPS minimum standards. This compliance means absence of harmful tax provisions, tax treaties, work on cross-border dispute resolution and prevention of tax abuse. In this case, **Offshorelicense Ltd** is aware of all tax regimes in offshore territories and is ready to assist with choosing the right one for you.
Path: BlogGibraltar and Hong Kong plan to work together on the fintech sectors development
...t months were a breakthrough in financial technology sector for both Gibraltar and Hong Kong. This means that international companies willing to work with DLT should thoroughly consider territories where they wish to work. That being said, **Offshorelicense Ltd** consultants encourage you to pay attention to these offshore areas.
Path: BlogJersey initiates anti-money laundering review
... and counter-financing of the terrorism standards**. Due to this, the **Jersey Financial Services Commission** initiated the first stage of the review and assessment process. Risk assessment will be based on collection and analysis of data from the licensees. How are the collection and analysis conducted? First of all, the Jersey Financial Services Commission notified all relevant entities ...
Path: BlogNew securities policies from Bahamas Regulator
...fect different aspects of securities laws. The following documents were published on the Commission official website: (i) **Due Diligence Refresher Policy**; (ii) **Reclassification and Downgrade of an Unrestricted Investment Fund Administrator license**; (iii) **Regulatory Capital Calculation for Firms Managing and Advising on Securities Policy**. The first of the mentioned above policies...
Path: BlogSetting up an Online Gaming Business
..., you should better use the services of professional contractors. Forming a company is mostly easy in offshore zones 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. [](http://offshorelicense.com/companies/singapore-private-company-formati...
Path: BlogFINMA provides guidelines on "stablecoin"
... guidelines determined by FINMA: In Switzerland, a ‘stablecoin’ project would come within the financial market infrastructure regulation and, drawing upon the Financial Market Infrastructure Act (FMIA), would have to obtain the payment system license issued by FINMA. It is noteworthy that opportunities and risks from the management of the underlying assets must be borne by the project is...
Path: BlogTwo more opponents of the UK policy regarding public registers
Previously in our blog we have discussed that [Barbados does not support opening of its register of beneficial owners](https://www.offshorelicense.com/blog/detail/private-beneficial-ownership-register-barbados) of enterprises to the public, as was stated by the Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, at the STEP Conference. Recen...
Path: BlogList of ICOs to watch in June
...oken (IV); consult with legal and financial advisors regarding your future investment. Given the above, investing in the cryptocurrency and ICO is a very painstaking and risky step, which must be approached as meticulously as possible. **Offshorelicense LTD** will be a reliable partner in all your endeavors.
Path: BlogHow Brokers in China Feel After the Website Blocks
...e’s Bank of China initiated creation of the National Internet Finance Association of China, many things have changed. Foreign exchanges became even more undesirable than earlier and it might cause problems for Chinese brokers as well. **Offshorelicense Ltd** is aware that businessmen who work with Chinese trading platforms can face many difficulties. This is why we are always supplying the la...
Path: BlogChina Bans Popular FX Broker Services
...every small detail while establishing company in China, therefore, we have prepared the latest news about **broker activities** in China. Chinese legal entities have rights to perform their activities on the web within mainland, only if they are licensed by the government. All website traffic is thoroughly monitored and the commercial activities are controlled by the governmental authorities. ...
Path: BlogA raising trend of investment scams in Australia
... regulation, with **one of the requirements being – registration with AUSTRAC**. As we already stated earlier, investing in cryptocurrency and ICO is a very painstaking and risky step, and it must be approached with extremely caution. **Offshorelicense LTD** will be reliable contractor in all your business activities.
Path: BlogWhy do they always choose Cyprus?
*Many business founders who are thinking about starting their business offshore have been considering Cyprus. This country is a first thought for most people when hearing the word “offshore”.* Offshorelicense Ltd is ready to help you understand why this island is so popular amongst company founders and whether you should choose it too. There is a thought that business in Cyprus is popular b...
Path: BlogOld ways won’t open the new doors
OFFSHORElicense has developed new and more attractive markets that may substitute Vanuatu in terms of entry and maintenance requirements Thus far, a considerable number of OFFSHORElicense 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 US...
Path: BlogBusiness advantages of Belize offshore jurisdiction
... for this jurisdiction. Company formation process in Belize requires statutory documents to be submitted while opening bank account. These include memorandums, registration certificate, directors and shareholders list and other applicable documents, licenses and certifications. **Belize offshore company formation is close to standard but there are moments you should consider.** Do not forget...
Path: BlogPros and cons of Labuan company formation
...native employers. Domestic business company in Malaysia is required to follow a lot of unnecessary rules and you, using Malaysia offshore company advantages, can plan your expenses, develop business and function in the most effective way. Offshorelicense Ltd. is ready to assist you with any stages of company set-up in Malaysia. When you are done with all formalities it is easy and tempting, to ...
Path: BlogHow to set up a Limited Partnership in Scotland?
... reports. This means starting your own business in Scotland in form of limited partnership is a reasonable idea for entrepreneurs who need to develop and grow their company. In case you need any legal assistance or help with registration, Offshorelicense Ltd is ready to help. Professional consultants are ready to explain you how to start business in Scotland. Analyze all details, requirements a...
Path: BlogWhy is Limited Liability Partnership a popular business structure?
... Certificate of LLP. This document should be submitted to state service. Hundreds of the UK Limited Liability Partnership formations are performed 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 jurisdicti...
Path: BlogStarting offshore business in Vanuatu
...s. It is important to mention that there is no capital gain tax, income tax and withholding tax. International companies are exempt from taxes already over two decades. This applies on international operations only and you will need to obtain the license and pay domestic taxes to use internal business opportunities in Vanuatu. However, for companies that operate only on international market, th...
Path: BlogHow to set up a business on Bahamas?
...d talk about registration process. How to set up a company and start your business as soon as possible? 1. First step of setting up on the Bahamas is finding a reliable service provider. There are corporate and financial service providers who are licensed to manage offshore companies and assist them with all arising questions. Most common services from the providers are financial and legal reco...
Path: BlogWhy should you invest in offshore business?
...requires a large amount of money to be consumed. Most important idea of this article is that you as investor should analyze all pitfalls of this idea and decide which investment decision to make. Assistance of professional consultant from Offshorelicense Ltd can help you sort out this specific situation and make the right decision. Proper analysis can make your investment process easier and tur...
Path: BlogMove business wisely. What to consider when choosing offshore jurisdiction?
...e is always a positive line in every company’s summary. It is not easy to come up with final decision on your perfect offshore jurisdiction. We have shared the most essential moments that should be considered before starting a business. Offshorelicense Ltd recommends you to choose a professional consultant who will take care of all nuances and make your formation process much easier. It is re...
Path: BlogSecrets of starting a business in the UAE
... on business activity of the company. However, these entities have issues with trading outside free zones and need to establish a local agent company. On the contrary, offshore entities are allowed to trade outside the UAE and need to obtain special licenses and permissions to go on the market. To decide which zone to choose it is better to consult with an analyst or offshore specialist. Differ...
Path: Blog6 ways to save your assets in case of business problems
...nsultant, financial analyst or in some cases turn the page and look for a more profitable way to sell your company. Selling your business means you can start over and do something that will be more profitable, productive and efficient. We in Offshorelicense Ltd are always here to assist you with [your new company incorporation](https://offshorelicense.com/companies/).
Path: BlogHow to report foreign income on US tax return?
... let you defer your earnings and reduce income tax as well. Your earnings can be reported in amount of $100,000 and there will be no need to pay income tax in the US. Basically, any job abroad can be organized to avoid unnecessary payments. Offshorelicense Ltd will be glad to assist you with any taxation advice or help you form a personal plan for working abroad and lowering tax payments.
Path: BlogHow to choose a suitable company structure for your business?
...run their business effectively. Here are 4 types of offshore company structure that are most often used: 1. Sole proprietorship is a structure where the founder is the only owner of the company and runs it all by himself. It is easy to obtain licenses or permits for this type of business structure, and some countries does not require registration. On the other hand, entrepreneur is fully re...
Path: Blog6 things to consider when going offshore in 2017
... 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 they do not know what to consider first when mo...
Path: BlogBitcoin Mining Faces Rumors in China
...s is in danger. Ownership, mining and usage of Bitcoins is not yet illegal but 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...
Path: BlogStarting an international business. To offshore or not to offshore?
...oved abroad. You can choose the offshore country to be the most reliable, safe and to defer your taxes and incomes legally and profitably. The very important preparation part of setting up an offshore business is to perform due diligence. Offshorelicense can help you not only with legal research, but also with technical and financial parts of preparation, which makes us a full support for your ...
Path: BlogFinancial Business Innovations in The Cayman Islands
...existing ones. Generally, new legislative initiatives in the Cayman Islands are **the first steps to making this country a business heaven**. Financial companies will **receive access to modern, effective and safe trading ecosystem**. **Offhorelicense Ltd is always ready to consult you on doing business as well as to help with the establishment.**
Path: BlogKnow-hows on Different Legislations and Blockchain Implementation Profitability in Your Business
.... To summarize, various countries with different economies have nearly opposite approaches to the new technologies. Before starting your own business, it is important to analyze every aspect of the legal regulations in a chosen country. **Offshorelicense Ltd** is the company, which will lead you through dark and obscure labyrinths of strange legislation and **explain how to start the company wi...
Path: Blog“To trade or not to trade?” or How Chinese Exchanges Overcome the Bitcoin Ban?
...n cryptocurrency regulations. He is a recognized advocate for innovations on financial market and it is possible that under his supervision government will re-enable **Bitcoin exchanges** and other banned activities with cryptocurrency. **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...
Path: BlogGod Save the Queen. Paradise Papers Revelation
...refully to know where the investment goes. We have to remind once more, that having an offshore investment is not a misuse of funds or improper action or the law breach. The main idea is to follow government’s rules and invest wisely. **Offshorelicense Ltd can easily help you with investment consultations on reliable jurisdictions, companies and other matters**. There are many variations of l...
Path: BlogHow to Offshore: Useful Tips and Tricks from Leaked Apple Inc. Papers
... that belong to Apple. The first step was to recruit a Bermudian company that consulted Apple on this matter. This company is a specialist on consulting about the best tax rates and creating the most efficient subsidiary companies, like **Offshorelicense Ltd**. The decision was taken in the early 2015 and Apple Operations International (AOI) and Apple Sales International (ASI), Irish subsidi...
Path: BlogChinese Giants: Which Payment System to Choose?
... clients travel all over the world and need to use payment services. While establishing the business or moving your company to China, you should carefully analyze the payment systems offered and choose the best and the most suiable one. **Offshorelicense Ltd** consultants are ready to inform you on the best opportunities and at the same time we will be ready to accompany the establishment of yo...
Path: BlogHow did Brexit Affect Gibraltar Jurisdiction?
...ged according to the new rules. Formalization of Brexit will not affect Gibraltar’s access to the UK market and the only issue to decide will be the legislation and contracts between the two counterparties. Considering this statement, **Offshorelicense Ltd** can confirm that your business in both, the UK and Gibraltar, is safe: it is only important to wait until situation will be solved fully...
Path: BlogSaint Vincent and the Grenadines Deals with the False Accusations
...for some time now. When choosing an offshore jurisdiction, it is crucial to use the professional advice and analysis, not only an open-source information that might not correspond to the reality. This is why you can use services offered by **Offshorelicense Ltd** experts. We are ready to assist you in choosing the best location for your business.
Path: BlogGibraltar Goes Fintech: Next Destination - Hong Kong
...ed a number of meetings in other Asian countries regarding this matter. After implementing the new plans and regulations, Gibraltar will become an even stronger offshore jurisdiction. If you are thinking of creating an offshore company, **Offshorelicense Ltd** is ready to help you with choosing the best time and organize all formal matters of this process.
Path: BlogThe Shanghai Free-Trade Zone: Development Plans
... bridgehead in trade innovations, bilateral investments and new businesses promotion. The income increase forecast is very positive, therefore, if you plan to open a brand-new company or move your business, it might be an excellent choice. **Offshorelicense Ltd** has all necessary resources and the competence to consult you on establishing business in the Shanghai Free-Trade Zone.
Path: BlogThe New Labuan Tax Regime: Towards the Advancement
...ing on moving company to this Malaysian territory? There is a need to rationalize your company’s activity now. In other words, your business will need the financial and service audit as well as the income from the financial property. **Offshorelicense Ltd** constantly controls international standards of doing business as well as implementation of all these standards by different jurisdiction...
Path: BlogGo Tech! 15% Corporate Tax in China for Tech Companies
... staff. Deduction will be up to 8% of the total yearly wage bill and it can be distributed among a couple of years. **Chinese high-tech business policy** tempts to encourage more and more international companies to relocate to mainland. **Offshorelicense Ltd** is ready to help you with the relocation or even set-up a company in China from the very beginning.
Path: BlogSpanish internal collaboration on blockchain project
...hain in its processes and to proceed further with the project. Given the above, in order to be informed of the latest technology trends it is worth to analyze all the main topics such as cryptocurrencies, blockchain or legal tech. Read **Offshorelicense** blog to keep up-to-date on the latest technological and legal news.
Path: BlogOutsourcing accountants and bookkeepers for offshore business
...ye on such tasks. However, outsourced accounting and bookkeeping services improves efficiency of every action inside the company and helps as well pay most attention to its core operations. [](http://offshorelicense.com/accounting/accounting/united-kingdom-accoun...
Path: BlogREGISTERED ADDRESS AND VIRTUAL OFFICE
...rated. A registered physical office address is required for incorporated organizations to receive official correspondence and formal notices from government departments, investors, banks, shareholders and the general public. At the same time Offshorelicense LLP offers you Communication Services and Space services in order to create a Virtual Office for your business. Communication Services ...
Path: AdditionalNew solution for suspicious transactions report in Hong Kong
... the **e-STR provides extra supporting functions such as search of previous STRs as well as an instant check of the feedback given by the JFIU.** In order to boost the process of submitting STRs, the Securities and Futures Commission promotes the licensed corporations and associated entities to use e-STR for future STRs. Read our blog to keep abreast of the latest legal news in the sphere of...
Path: BlogHerding in the most volatile market in decades
...n impulse in volume affects the closing price. As can be seen, the volume of bitcoin will not significantly affect its closing price, because the graph remains relatively stable.  From this analysis we can conclude that in the bitcoin market, onl...
Path: BlogTop 5 crypto-friendly jurisdictions
...nomic and political freedoms. Gibraltar is actively using its status in order to become the greatest blockchain hub in the Mediterranean. The main purpose here is to help with crypto-friendly legislation. During the past year, Gibraltar created a license for FinTech companies to attract blockchain start-ups. But it didn’t stop there, and this year, the Gibraltar government succeeded in drafti...
Path: BlogBlack pearl of Caribbean. International business company at Saint Vincent and the Grenadines.
... no minimum paid-up capital, the company may be incorporated with one shareholder and one director that can be the same person, in addition annual meetings are not obligatory. Engagement of the secretary is optional but highly recommended by Offshorelicense. The company can be controlled from St. Vincent or from any other part of the world, and its books, registers, seal may be kept outside of the...
Path: Blog5 reasons why you should form your own LTD in UK
...y information to make your business grow. Our solutions are bespoke according to each client’s specific needs. If you would prefer one of our specialists to call you back to discuss your requirements, please [**CLICK HERE**](https://www.offshorelicense.com/companies/united_kingdom_limited_liability_company_formation){._blank} to complete the form.
Path: BlogShenzhen International Finance Expo 2018
**Offshorelicense Team** would like to thank everyone for visiting our booth and sharing their business inquiries at **Shenzhen International Finance Expo 2018**. It was a great pleasure to meet you and introduce our products and services in person, as well as provide some of you with initial consultations on Licensing, Incorporation and Banking services. For those of you who did not have the ...
Path: BlogTwo of Malta's blockchain acts came into force
...assets, as well as establishes provisions for the obligatory matters related to the licensing application and white paper conditions. Since the Acts are already in force you might see a lot of public statements regarding the successfully obtained licenses. Dear readers, we hasten to inform you that they might be misleading. **Offshorelicense** as a reliable corporate service provider has obtain...
Path: BlogICO vs IPO. Main differences
...te paper document to back them up. Even though not being fully regulated by the most governments, ICO’s are gaining global popularity. For now, it’s safe to say that an ICO is a new mechanism for funding of companies. Stay with **Offshorelicense** to be informed on all of the latest LegalTech and crypto news.
Path: BlogFive reasons why you should incorporate Delaware LLC
...rvice possible with a 30-minute option (for an additional charge). Click on the banner below to find other useful information regarding the process of USA Delaware Limited Liability Company Formation. [](https://www.offshorelicense.com/companies/usa_delaware_limited_liabili...
Path: BlogChinese court: bitcoin is a property with "economic value" and must be protected by law
...estricts ownership of bitcoin or other cryptocurrency and linked transaction between two parties. The Shenzhen court is well known and has a solid reputation regarding contract issues in business, real estate, and finance. Stay with **Offshorelicense** to be informed on all of the latest legal news in the sphere of crypto, LegalTech and other related topics. If you have some doubts concerni...
Path: BlogSingapore authorities are planning to support crypto startups with receiving banking services
...g minds together on this so that we can get over this hurdle."* As was stated in MAS report the central bank, at this moment has no object to employ a licensing mechanism for crypto exchanges, unlike its Japanese counterpart has done – granting licenses to 16 Japanese exchanges in order to help them obtain banking services. Stay tuned with **Offshorelicense** to be informed of all latest l...
Path: BlogAn upcoming new trade agreement between Australia and Indonesia
...near future, will boost trade and investment between our two nations, and build on the fact that Indonesia and Australia are already partners, along with the rest of ASEAN, in our long-standing trade agreement AANZFTA."* Stay tuned with **Offshorelicense** to be informed of all latest legal news in the sphere of international relations.
Path: BlogNew legislation of Jersey will allow to form Limited Liability Company
... partnerships legislation coming into force in Jersey in August. The overall situation is that Jersey is well placed to provide better finance planning solutions so that investors might look to the future with confidence. Stay tuned with Offshorelicense to be informed of all legal news in relation to business formation and finance license obtaining.
Path: BlogTierion: utilizing the bitcoin blockchain to verify documents
... and auditing procedures more secure. Companies can create immutable histories of their business processes for later review. Tierion’s platform also allows users to issue blockchain verifiable credentials. These credentials include professional licenses, educational credits, and even awards. The data helps to reduce fraudulent activity in the sector by providing businesses with an easy and af...
Path: BlogSingapore clarified new requirements for digital advisors
...hich are also known as robo-advisers. **Digital consultants based in Singapore will have to be certified for fund management, dealing in capital markets products and/or providing financial advisory services under the respective Acts.**The type of license directly depends on the operating model of the digital advisor. Usually digital consultants help clients to pass their buy or sell orders (...
Path: BlogThe new identification system for Australian directors
...lead to a penalty in amount of USD $200,000 for an individual; or 1 million of USD for a legal entity. If you are unsure about the new regulations and what effect they will have, it might be the right time to seek a professional advice. **Offshorelicense** has an outstanding expertise and are able to provide relevant legal assistance. Bear in mind, the earlier that professional advice is sought...
Path: BlogNew crypto regulation from Switzerland
**FINMA (Switzerland’s Financial Market Supervisory Authority) has recently announced a new fintech license**, with moderate conditions, that is appropriate to blockchain and cryptocurrency-based companies. On 3rd December, 2018 the regulator stated that the new regulation will grant recognized “innovative financial companies” the ability to accept public deposits of up to 100 million Sw...
Path: BlogFATF is planning to release International Crypto Regulation by next summer
...the U.S. Department of Treasury. He also advised that any country that will not comply with the above-mentioned regulation will face restrictions, and be added to a FATF blacklist. FATF shall require relevant firms across the globe to become duly licensed and regulated in attempts to prevent money launder by the way of cryptocurrencies like Bitcoin and Monero. Initial coin offerings will be sub...
Path: BlogLeading Russian banks intend to work with crypto
...f the leading financial hubs. Worth to note that this was not the first meeting of the Russian crypto lobby group. The first one, also focused on Russia’s digital assets regulations, took place in June of this year. Stay tuned with **Offshorelicense** to be informed of all legal news in relation to legal tech and digital industries.
Path: BlogOmega Dark, the first regulated dark pool in digital assets is launched
...d the proper launch of Omega Dark, the first regulated, fully autonomous dark pool in the digital asset marketplace.** As reported in a recent press release, Omega Dark is the first company to be approved for a provisional Digital Asset Exchange license in Bermuda in accordance with the country’s new Digital Asset Business Act. CEO Gordon-Brander stated: *"Dark pools matter so much for ...
Path: BlogMarshall islands introduces its own cryptocurrency
...ttled growth along with closing the secrecy and anonymity loopholes utilized by criminals and terrorists. With a view to avoid inflation the Marshall Islands has covered the SOV supply at 24 million tokens. [Earlier this year](https://www.offshorelicense.com/blog/detail/marshall-islands-announces-fund-development-its-local-cryptocurrency){._blank} a government of the country disclosed that SOV ...
Path: BlogHow to store your crypto with the less tax consequences
...ndividuals are exposed: liable without being fully aware of the repercussions of their digital assets. SOLUTION TO THE PROBLEM Even though the uncertainty, individuals can store cryptocurrency obediently by entrusting their digital assets to a licensed custodian or trust. Storing their holdings with a licensed trustee in Hong Kong, as an instance, frees the person from obligations to pay Hon...
Path: BlogAttention! False information about updated Estonian legislation for cryptocurrency companies flooded the internet
...ed the bar for new potential crypto-companies. The report also states that the application processing term will be extended to 90 days and that the governmental fee shall be increased almost 10 times, to 3,330 euros. As it was revealed by OFFSHORElicense experts, at the time of publication of this article, EMF has yet to introduce any updates related to potential licensees. At present the appli...
Path: BlogEstonian government tightens up licensing requirements for cryptocurrency companies
...y Estonian Ministry of Finance.** According to the updated rules the processing time of applications changed from 30 to 90 days along with a mandatory registration of a company or its branch in Estonia. Among other crucial changes the cost of the license was increased almost 10 times, to 3,330 euros. Due to new regulations introduced by the government, **it has become much more difficult to ...
Path: BlogMauritius has announced new regulatory framework for security token offering
...exceptions for when a token issuer needs authorization. If the issue is targeting “sophisticated” or “expert” investors and funds, or professional investment schemes, prior approval is not necessary. Carrying out financial services without a license is a criminal offense. The FSC warns investors of the "high-risk" nature of STOs. Also, every STO project is obliged to inform its clients ...
Path: BlogCrypto exchange industry is not as compliant as it appears to us
...able questionable business practices and criminal or terrorist activity. A lot of such platforms require just a crypto wallet address in order to start using it. Generally, there were several exchanges identified as “low risk” due to official licenses and strict KYC/AML policies, among them are Coinsquare, Coinbase, Gemini and the Circle-owned Poloniex. It is worth noting that numerous e...
Path: BlogBusinesses will be required to meet criteria of physical presence in Belize
...o purchase and own land within the country; * Belizean companies will be subject to Income tax if income will be sourced from Belize; * local companies will face new filling requirements; * physical presence will be a mandatory requirement for licensees, hence any formation having any license will be obliged to maintain an office and other required items within the country; * optional audi...
Path: BlogThe main benefits of Cyprus formation
...l system, actual tax legislation and signed double tax treaties, the affordable and qualified corporate services offered and the simple incorporation mechanism made Cyprus one of the most popular places for investment worldwide. Stay with Offshorelicense to keep abreast of all the important and actual facts in the field of offshores.
Path: BlogCrutial amendments to the Polish tax legislation in 2019
... costs of receivables gained with an objective of collection; creation of exemption from Withholding Tax with related to interest coupons payable on Eurobonds, adjustment of rules of recognition of costs upon debt-to-equity swap etc.). **Offshorelicense LTD** is an established corporate service provider and will be happy to offer its services for company formation in Poland. If you are interes...
Path: BlogiFX EXPO Asia, Hong Kong 2019
...t line that is even more efficient, covers greater amount of clients requests and serves the top of their interests. Discovering the right products for your business we would pay your attention to our proven products: ☑ [Labuan Money Broking license](http://www.offshorelicense.com/licensing/labuan-money-broking-license){._blank} ☑ [Hong Kong Limited Company Formation](http:www.offshor...
Path: BlogAttention! As of January 2019, amendments to Vanuatu Financial Dealers Licensing Act came into force
...quirement by 7 July 2019. According to VFSC it is important to increase fees so that the VFSC only deals with entities who are willing to meet in full their obligations under the Act. Along with increase of fees, the minimum insurance cover for a licensee has been raised to VT 5.000.000 for each claim with an aggregate cover of not less than VT50.000.000 and a maximum deductible amount of VT500...
Path: BlogMandate registration is coming! South Africa wants to regulate crypto
...nts for all cryptocurrency exchanges and wallet platforms operation within the country. The SARB also clarified that a step-by-step approach, starting with the registration phase, would lead to formal authorization and designation as a registered/licensed provider for crypto asset services operating in South Africa at a later stage. But even despite that, the bank clarified that it does not reg...
Path: BlogJapan's Financial Services Agency is ready to approve crypto exchange-traded funds (ETFs)
...crypto products, although the SEC (Securities and Exchange Commission) has not yet allowed any of it. In August 2018, SEC has dropped 9 bitcoin ETF applications in order to prevent fraudulent and manipulative acts and practices. Stay with Offshorelicense in order to be updated with the latest crypto news.
Path: BlogCyprus has transferred to Moscow Russian bank account holders data for 2017
...oubtedly a new reality, given the fact that Swiss authorities started to act in a way that seemed impossible almost for three centuries ago – disclose client’s bank accounts information to tax authorities of other countries. Stay with Offshorelicense in order to stay updated with the hottest financial and legal news.
Path: BlogShanghai International Money Fair Expo
**Offshorelicense** would like to thank you all for taking your time to visit our stand during Shanghai International Money Fair Expo, December 14-16, 2018. It was our great pleasure to meeting you and we feel deeply honoured to receiving a chance to discuss your potential projects and business in general. During the exhibition **Offshorelicense** have been interviewed by Chinese finance new...
Path: BlogFresh breath of air for innovative financial services in Labuan
...s fiat currencies in an advantageous fiscal environment. Moreover, banks are quite selective, it is possible to open bank accounts for exchanges in both Malaysia and Labuan for formations incorporated and regulated in the free zone. **Offshorelicense LTD** will be extremely happy take a hand and guide you in your needs for incorporating a company and obtaining the relevant license in Labuan...
Path: BlogMalta as the new crypto bay
...ioned summit has been in the planning since last December and there will be a lot of banks and big names in venture capital units attending. It is set to take place at the InterContinental Hotel at St Julian’s on the island. Stay with **Offshorelicense** to be informed on all of the latest LegalTech and crypto news.
Path: BlogMauritius is willing to adapt distributed ledger technology and acknowledge the cryptocurrency as digital asset
...le environment for the secure storage of digital assets and accredit the exchange of digital assets, the Mauritius’ Financial Services Commission (MFSC) will announce two new licensable activities, specifically: 1. **Custodian of Digital Assets license**; 2. **Digital Asset Marketplace license**. The MFSC will adopt the guidelines for investment in cryptocurrencies as digital assets. A...
Path: BlogWorld Bank launches first global blockchain bond-i and raises AU$110 million
...echnology. For instance, in June 2018, the Netherlands central bank (DNB) announced the results of a number of researches, concluding that blockchain is unable to meet the needs of financial markets infrastructure (FMI). Stay tuned with **Offshorelicense** to be informed of all legal news in relation to blockchain, legaltech and other digital industries.
Path: BlogHedge fund billionaire joined crypto market
...ulations in crypto sphere, as she is convinced that this is the only fact that can significantly affect the subsequent development in this area. A big investment such as Cohen’s will positively affect crypto industry, hence stay with **Offshorelicense** to be up-to-date on the latest news in this sphere.
Path: BlogNew hype or a real irreplaceable instrument. Contracts of digital age.
...Ethereum. Summing up the above we should say that there is no need to rush into and invest huge sums in unverified technological startups. Check the history, consult with tech-experts and only after that decide whether to invest or not. **Offshorelicense** is experienced corporate service provider that will help you in all your endeavors.
Path: BlogLegal tech in 2018. New aspects
...ncy and certainty, offered by predictive coding, indicate that its usage in international litigation is likely to increase and this is only one aspect of the application of this technology in provision of legal services. Stay tuned with **Offshorelicense** to be informed of all legal news in relation to legal tech and digital industries.
Path: BlogSwiss regulator launches proceedings against ICO issuer
...lso, the regulator once again confirmed that it is committed to ensure that innovators can launch their ICO projects lawfully. As you may know **FINMA has already published guidelines for ICO projects in February 2018**. Stay tuned with **Offshorelicense** to be informed of all legal news in relation to fintech, legaltech and other digital industries.
Path: BlogThe government of Zimbabwe is willing to treat bitcoin same way Switzerland does
...nce, earlier this year the Netherlands central bank published results of a number of researches, concluding that blockchain still needs to be sufficiently studied in before launching government blockchain based projects. Stay tuned with **Offshorelicense** to be informed of all legal news in relation to blockchain, LegalTech and other digital industries.
Path: BlogDubai International Financial Center is planning to launch the world's first blockchain court
...the DIFC, its Courts are now collaborating with Smart Dubai on a numerous of blockchain-oriented projects in the legal area. They are collectively work on managing disputes arising out of private and public blockchains. Stay tuned with **Offshorelicense** to be informed of all legal news in relation to blockchain, LegalTech and other digital industries.
Path: BlogMauritius Global Business Category 1 (GBC1)
...in 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 GBC1 license are able to participate any activity starting from simple investment holding, fund management, insurance to other non-banking financial servic...
Path: BlogBahamas issued guidance related to financial crimes prevention
**The Bahamas has announced two newly drafted guidance documents for financial services companies regarding prevention of financial crimes.** The first of them – **“Guidance Note on Financial Crime Risk Management”** – is proposed at licensees in the banking and non-banking financial sectors and is aimed to deliver instruction on financial crime-related risk management at the business ...
Path: BlogCayman Investment Funds
...nvestment fund nor its investors. It is essential for investors in the Cayman Islands business, prior to making an investment, to seek advice on the applicable taxes and legislation of the countries where they are tax residents. In this case Offshorelicense will become your reliable advisor and help to choose the most appropriate Cayman fund. What is an “Investment Fund”? **The principle le...
Path: BlogMaybank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksLocal Trademark registration
... the exclusive right to use the trademark in the territory of registration to promote the goods/services that it covers; the legal protection of registered trademark; the ability to sell or assign to another person the registered trademark, or license its use. To be entitled for trademark registration, the applicant must: have a real and effective industrial or commercial...
Path: LicensingCyprus Accounting Services
...tive corporate tax regimes and has entered double tax treaties with over 47 countries. Which allows for companies not to encounter taxation in two different countries when proceeding with international trade. Services Offshorelicense team provides both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your busines...
Path: AccountingWorldwide Trademark registration
... the exclusive right to use the trademark in the territory of registration to promote the goods/services that it covers; the legal protection of registered trademark; the ability to sell or assign to another person the registered trademark, or license its use. Registration of trademark if a new corporate body will hold the rights to the trademark: Registration of the company;...
Path: LicensingWorldwide Design registration
... the exclusive right to create the articles of a unique design within the particular territory/-ies; the legal protection against infringes and dishonest competitors; the ability to sell or assign to another person the industrial design or license its use. Renewal The international industrial design is usually valid for up to 25 years; It can be renewed at the end o...
Path: LicensingLocal Patent registration
... the exclusive right to create the product or to provide a unique service within the particular territory/-ies; the legal protection against infringers and dishonest competitors; the ability to sell or assign to another person the patent or license its use. Our services Registration of a local company (if required); Preparation of a local patent application Assista...
Path: LicensingLocal Design registration
... the exclusive right to create the articles of a unique design within the particular territory/-ies; the legal protection against infringers and dishonest competitors; the ability to sell or assign to another person the industrial design or license its use. Our services Registration of a local company (if required); Preparation of an application for a regional regist...
Path: LicensingWorldwide Patent registration
... the exclusive right to create the product or to provide a unique service within the particular territory/-ies; the legal protection against infringers and dishonest competitors; the ability to sell or assign to another person the patent or license its use. Our services Registration of a local company (if required); Preparation of an international patent application/...
Path: LicensingBulgaria Accounting Services
...ns may apply for the preparation of annual financial statements. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense Accounting team would ensure both that you meet your reporting requirements and that you are compliant with the local legislation. As a compan...
Path: AccountingHong Kong Accounting Services
... to carry out an audit of the financial statements of the company. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense Accounting team would ensure both that you meet your reporting requirements and that you are compliant with the local legislation. ...
Path: AccountingGibraltar Accounting Services
...d submit Annual Return statement, Annual Accounts and Tax returns. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense Accounting team would ensure both that you meet your reporting requirements and that you are compliant with the local legislation. ...
Path: AccountingNetherlands Accounting Services
... Penalties for noncompliance that may be imposed on a director. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense Accounting team would ensure both that you meet your reporting requirements and that you are compliant with the local legislation. ...
Path: AccountingVanuatu Audit Services
...mit quarterly and annual reports to Vanuatu Financial Services Commission (VFSC), as well as audited financial statements by the end of relevant period. The deadline for all submission depends on the date of company incorporation and granting of the license. Services We provide audit assistance services. Trusting us with the numbers will give you more free time to grow your...
Path: AccountingVanuatu Accounting Services
...ve business environment for International Business Companies. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense Accounting team would ensure both that you meet your reporting requirements and that you are compliant with the local legislation. ...
Path: AccountingLabuan Accounting Services
...e for the auditor to complete their task and to meet the deadline. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense Accounting team would ensure both that you meet your reporting requirements and that you are compliant with the local legislation. ...
Path: AccountingHSBC Hong Kong Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksUnited Kingdom Accounting Services
...apply for late or incorrect submission of the necessary documents. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense Accounting team would ensue both that you meet your reporting requirements and that you are compliant with the local legislation. ...
Path: AccountingBulgaria Audit Services
...ould be regulated by the Bulgarian Institute of Certified Public Accountants. Services We provide audit assistance services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense services include preparation of financial statements that is subject to an independent financial audit. The annual auditors report...
Path: AccountingMauritius Audit Services
...se of the FSC is to foster the economic development and to ensure fairness, stability and transparency of financial institutions in the country. Internationally operating business in Mauritius must acquire a Global Business Company (GBC) license. All Category 1 GBC in Mauritius must prepare financial statements that are subject to annual audit, therefore, providing internal and externa...
Path: AccountingMauritius Accounting Services
...se of the FSC is to foster the economic development and to ensure fairness, stability and transparency of financial institutions in the country. Internationally operating business in Mauritius must acquire a Global Business Company (GBC) license. A corporation holding Category 1 GBC license is considered to be a tax resident in Mauritius. Foreign income from international business acti...
Path: AccountingUnited Arab Emirates Accounting Services
...Also, as there is a need for businesses in The United Arab Emirates to submit audited statements, the company needs to prepare their Financial accounts according the upheld reporting standards of the country. Services Offshorelicense provides both full and partial online accounting services. Trusting the team of Offshorelicense with the numbers will give you more free time ...
Path: AccountingPublic Bank Berhad Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksEuro Pacific Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months old Optional: Certificate of Incumbency ...
Path: BanksAccount Opening in National Bank of Vanuatu
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksAlpha Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksGeorgia Payment Service Provider Authorization (PSP)
... services stipulated in the Law of Georgia on payment systems and payment services.Timeframe: Within 3-5 months Minimum paid up capital: Case-by-case Overview In order for a company to apply for a Payment Service Provider license with the National Bank of Georgia, among other requirements, it is obligatory that the company provides payment services not only to foreign c...
Path: LicensingSwitzerland Portfolio Management (ARIF Registration)
...de Switzerland. To become a member of ARIF, a limited company with initial capital not less than CHF 20,000 is to be registered under the laws of Switzerland. A company must have at least one director of Swiss nationality, in this respect OFFSHORElicense does provide nominee services. All members who will conduct portfolio management must have an adequate level of knowledge and experience pr...
Path: LicensingCIMB Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksHong Kong Limited Company Formation
... as a hub for transacting business in Asia is world-renowned. Hong Kong is the leading Asian centre for both finance and commerce and ranks as the world's third largest financial centre after New York and London. There are over 135 licensed banks with over 120 foreign banks having representative offices in Hong Kong and a further 39 licensed deposit taking Finance Companies, all ...
Path: CompaniesBritish Virgin Islands International Business Company Formation
...xempt status and the fact that they are widely accepted and understood by the international financial community. BVI BC's may not own real property in the BVI, other than the lease of an office, and may not carry on banking or trust business (unless licensed under the Banks and Trust Companies Act, 1990) or insurance or re-insurance business (unless licensed in the BVI to carry on that business). ...
Path: CompaniesLabuan International Business Company Formation
...business in, from or through Labuan. An Offshore Company may not: carry on business with a resident of Malaysia except as permitted by the Offshore Banking Act 1990; carry on the business of Banking or Insurance or such similar business unless it is licensed so to do under the Offshore Banking Act 1990 or the Offshore Insurance Act 1990; carry on business in the Malaysian currency except for defra...
Path: CompaniesEstonia Private Limited Liability Company (Osaühing or OÜ) Formation
... Letters: Roman alphabet Must be distinguishable from other already registered business names and trademarks Cannot contain such words as Assurance, Insurance, Bank, University, etc. without obtaining a respective license Name denoting any connection to local, state or national government are generally prohibited, e.g. Eesti Repor...
Path: CompaniesAndorra Limited Liability Company (SL) Formation
...rs of the general assembly are taken on by the single partner. Taxation 10% maximum corporate tax rate 2% corporate tax on profits for companies involved in activities such as international management and licensing of patents and software licenses. These 2% reduced corporate tax models are subject to some minimum requirements Standard VAT rate is 4.5% Social security con...
Path: CompaniesAuthorised Company in Mauritius
...ffective management, outside of Mauritius. This type of company would be a great solution to carry on international trading, invoicing, marketing, Consultancy services, logistics, IT Services and so on. Advantages of Global Business license Company Category 2 (GBL 2) in Mauritius: - Mauritius offers a high level of anonymity and privacy - A dedicated manager available thro...
Path: CompaniesAccount Opening in Bank of Georgia
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months old Optional: Certificate of Incumbency ...
Path: BanksPacific Private Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksComert Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksBarclays Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksCIM Bank Account Opening
...ciations Documents that approves the designation of company’s directors and secretary (if applicable) Declaration of Trust Agreement for Nominee Provision Services (if applicable) Document address of the registered office Optional: Valid license (if applicable) If director or shareholder is a legal person (corporate officer) A Bundle of certified and apostilled documents: ...
Path: BanksCredit Suisse Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksBank Account Opening in ING Bank
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksAlfa Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months’ old Optional: Certificate of Incumbency ...
Path: BanksBoslil Bank Account Opening
...ciations Documents that approves the designation of company’s directors and secretary (if applicable) Declaration of Trust Agreement for Nominee Provision Services (if applicable) Document address of the registered office Optional: Valid license (if applicable) If director or shareholder is a legal person (corporate officer) A Bundle of certified and apostilled documents: ...
Path: BanksRaiffeisenbank Bank Account Opening
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months old Optional: Certificate of Incumbency ...
Path: BanksAccount Opening in Bank of Cyprus
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months old Optional: Certificate of Incumbency ...
Path: BanksLPB Bank Account Opening
...ciations Documents that approves the designation of company’s directors and secretary (if applicable) Declaration of Trust Agreement for Nominee Provision Services (if applicable) Document address of the registered office Optional: Valid license (if applicable) If director or shareholder is a legal person (corporate officer) A Bundle of certified and apostilled documents: ...
Path: BanksAccount Opening in Bank Alpinum
...ertificate of Incorporation Share Certificates Memorandum and Articles of Associations Documents that approves the designation of company’s directors and secretary (if applicable) Document address of the registered office Optional: Valid license (if applicable) Optional: Certificate of Good Standing if the company is more than 12 months old Optional: Certificate of Incumbency ...
Path: Banks