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Lithuania 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: 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: LicensingGeorgia payment Service Provider Authorization (PSP)
payment Service Provider authorization issued by the National Bank of Georgia allows a legal entity to manage payment systems within the territory of Georgia and to provide 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 Pa...
Path: LicensingNegative effects for payment Service and E-money Institutions in case of no-deal Brexit
...ns that investors are going to have wait almost another year until they get clear answers. The main aim here is a smooth transition which depends on the complexion of the final Brexit deal. Perfect transition cannot be guaranteed, so the European payments Council, which is responsible for upholding Single Euro payments Area (SEPA), posits three possible outcomes: 1. The UK remains in the Eu...
Path: BlogLaunch of a new EU trade body - The European Digital payments Industry Alliance
On 7 May 2020 Ingenico Group, Nets, Nexi, and Worldline announced the launch of an EU advocacy alliance bringing together Europe’s leading independent payment services providers. New advocacy alliance is called the European Digital payments Industry Alliance (EDPIA). The organization will engage in policy debates improving the EU and world-wide payment sector by pushing instant, secure and fri...
Path: BlogSWIFT facilitates instant cross-border payments
**SWIFT has launched a new service which enables the delivery of instant international payments by integrating the SWIFT’s gpi into domestic real-time payments system.** Owing to SWIFT’s gpi, instant cross-border payments with up-front fee and foreign exchange transparency for senders will be available globally. **Global payments initiative or gpi is a common standard designed to improve...
Path: BlogBermuda became the first government to accept digital currency payments
**This week the Bermuda Government announced that the country is ready to accept digital currency for government taxes, services, and fees payments.** Bermuda thereby became the first government providing 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 U...
Path: BlogWhat is the reason behind the suspension of epayments operations?
Last week brought a surprise for the payment space. **An electronic money institution epayments Systems has suspended all activity on its customer accounts following the UK’s financial watchdog order.** As a result, one million user accounts cannot be accessed and users are unable to transfer, deal, withdraw, deposit their funds, or use their epayments cards. According to epayments Systems,...
Path: BlogChinese Giants: Which payment System to Choose?
When **moving your business overseas**, it is very important to consider local rules, technical requirements and work facilities. For business in China, these features also include choosing a **payment system** suitable exactly for you. AliPay, WeChatPay and UnionPay are the biggest and the most popular payment solutions for the Chinese companies. Their technical features and scope of work a...
Path: BlogBrief description of the first day of Bitcoin usage in daily payment: technical problems and protests
...lvador are very poorly informed about the cryptocurrencies, but what we know is that it is an extremely vulnerable and fragile market, which has been proved today.” said opposition politician Johnny Wright Sol. “The state supports these types of payments and is aware of the risks, but it must be taken into account that the state – it is not just the President and the governments – the stat...
Path: BlogThe BRICS countries discuss the launch of the new cryptocurrency and unified payment system
...Brazil this November was strengthening economic growth. As reported by Russian news outlet RBC, five growing economies including Brazil, Russia, India, China, and South Africa, were discussing the launch of the “BRICS cryptocurrency” and unified payment system. The idea of creating a new cryptocurrency and a single payment transaction system between the five countries was supported by the B...
Path: BlogCzech Republic Electronic Money License
Electronic Money Institution (EMI) is a legal entity which can issue and distribute 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 (is...
Path: LicensingJapan Virtual Currency Exchange Provider’s License
As of April 1, 2017, the 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) + Registrat...
Path: LicensingAlpha Bank Account Opening
Alpha Bank Romania provides your company all types of financial operations and services through the entire branches network covering the most important localities in Romania - cash deposits directly at our counters or cash payments, cash pick-up, incomings with payment orders, checks and promissory notes collection etc.Account opening: 7-14 working days Overview: Earl...
Path: BanksAlpha Bank Account Opening
Alpha Bank Romania provides you all types of financial operations and services through the entire branches network covering the most important localities in Romania - cash deposits directly at our counters or cash payments, cash pick-up, incomings with payment orders, checks and promissory notes collection etc.Account opening: 7-14 working days Overview: Early in 2000...
Path: BanksSingapore 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: LicensingFirst central bank issued digital coin in the euro zone
...tocurrency has led central banks to examine how they can issue their own forms of digital currency. CBDCs could change the role of commercial banks – which currently host all electronic accounts for the customers funds- when it comes to processing payments. It was announced by the Central Bank of Lithuania that at the moment, the only way to hold central bank-issued money is to hold the physi...
Path: BlogLegalization of Cryptocurrencies in Russia
...raft law was approved by legislative branch in the third reading and the new law will come into effect on January 1, 2021. According to new legislation any digital currency will now be recognized as a set of electronic data which can be used for payments purpose or even as an investment tool. It has been determined by local lawmaker that digital currencies do not have any centrally responsible...
Path: BlogPotential PayPal Entry into Cryptocurrency Market
...ng with crypto since 2014 when they started accepting Bitcoin, and over the years, company have gained experience with crypto and blockchain technology. Furthermore, PayPal is hiring crypto and blockchain experts and it has been said that the global payment platform will enable direct cryptocurrency purchases for its users. The role includes designing, developing and maintaining key crypto product...
Path: BlogGovernment of India working on law to ban crypto trading
Despite India’s 1.3-billion population, digital asset businesses are a $80 billion remittance industry, and the fact that India has been identified as the land of opportunity for cryptocurrency and the global payments industry, the country has largely been a minor player on the cryptocurrency industry’s global stage. While neighbor countries to the east and west have made themselves internati...
Path: BlogOutbreak of Crypto Frauds Amid Coronavirus Outbreak
...y by posing as the World Health Organization (WHO) as well as the U.S. Centers for Disease Control and Prevention (CDC). There's also been a flurry of text messages posing as "UKGOV" – an apparent mimic of the official Gov.uk domain – offering a payment of £458 ($558) to all residents as part of its promise to battle COVID-19 and directing them to a malicious website via a text message link. ...
Path: BlogCySEC Enhancement of Procedures Regarding Safeguarding of Client Funds
...third country, where the funds are placed and the arrangements for the holding of those funds and take into consideration the need for diversification of these funds as part of the required due diligence. CIFs can maintain merchant accounts with payment service providers (PSPs) and electronic funds institutions (EMIs) for clearing and settling their customer’s payment transactions, between o...
Path: BlogSouth Africa’s Introduction to Crypto Regulation
... and how cryptocurrency users could use their funds. For example, the policy paper calls for a prohibition against using crypto as a settlement tool within South Africa’s financial infrastructure, but asks that crypto be recognized “for domestic payment purposes,” and be regulated accordingly. IFWG informed that payments using crypto assets will, in the interim period, be subjected to a regu...
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
...e sender as well as liaising with other VASPs, while the 5AMLD merely entails recordkeeping and the submission of data to financial intelligence organizations upon request. Singapore have been particularly receptive to FATF directives guidelines. payment Services Act 2019 requires “digital payment token” services — which includes both crypto businesses and exchanges — to comply with FAT...
Path: BlogJapanese Officials Introduce New Amendments in Japan’s Crypto Laws
Last year two of legislation were passed by the Japanese House of Representatives - The payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA), as a result Japan will be enforcing new cryptocurrency- related regulation. Originally new legislations were scheduled to come into effect in April, but due to a COVID-19 pandemic delay the final enforcement date has been offi...
Path: BlogLocal Swiss Authority Planning to Accept Taxes in Cryptocurrency
...) or Ether (ETH), as the two are the biggest cryptocurrencies in the market. Starting from next year this will be applicable for local citizens and companies as they will be able to tax up to CHF 100,000 (approximately USD 109,000). However, partial payments in crypto will not be accepted. Currently Zug authorities accept tax payments in fiat currencies, but they intend to add an additional paymen...
Path: BlogPros and cons of Central Bank Digital Currency in the view of the IMF
...f them. Among the advantages of adoption of Central Bank Digital Currency is the enhancement of financial inclusion because there’re is no need for consumers to have a bank account to hold CBDC. This digital solution presents a potential for a payment system because it could run more efficient since the cost of managing would be lower than the cost of managing cash. A Central Bank Digita...
Path: BlogNorwegian airline’s customers may be able to purchase flight tickets with bitcoin
The third largest low-cost airline in Europe and the largest airline in Scandinavia will start accepting payments for flight tickets in crypto as soon as this spring. **Norwegian Air, one of the biggest airlines in Europe is about to transform the aviation industry in 2020 by allowing its customers to purchase flight tickets with digital currency.** Founded in 1993, Norwegian Air is the large...
Path: BlogCFTC Warns More Than 20 Forex Brands
...failed to meet minimum capital requirements. The charges were that OANDA failed to meet the minimum financial requirements for Retail Foreign Exchange Dealers and FCMs and violated the equity withdrawal restriction that resulted from making dividend payments on three occasions. Further, in the beginning of June, Gain Capital UK was ordered to pay a civil penalty of $250,000 over allegations it ...
Path: BlogThe great step towards China
...n major jurisdictions and legal assistance during all stages of your business. Our goal is to make any business as sustainable and manageable as possible, hence, our establishment services, followed by professional assistance with **bank account and payment Service Provider (PSP) account opening**, are set-up upon your request. What is more, Offshorelicense Ltd supremacy is positioned on **Busi...
Path: BlogNigeria’s Crypto regulation as a solution for financial services
... securities and will fall under the jurisdiction of the SEC. In 2018 Central Bank of Nigeria did declare that crypto-currencies such as Bitcoin, Ripple, Monero, Litecoin, Dogecoin and others, were not considered as the money or any other means of payment. Although new regulation has not introduced yet, such actions from Nigeria’s SEC indicates shift in the Nigeria’s attitude toward cryptocu...
Path: BlogHow to Start Your Own Forex Brokerage Business
...-leading solutions CRM system: To manage client data and interactions Liquidity provider: To offer competitive spreads and fast execution Invest in stable and secure solutions to provide clients with a seamless trading experience. 5. Configure payment Systems Clients expect convenient and secure ways to deposit and withdraw funds. To meet these expectations, you’ll need: A corporate ba...
Path: BlogCzech 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: LicensingCzech Republic small Electronic Money Institution License
Electronic 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 t...
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: LicensingPros and cons of Labuan company formation
...gistration but also it requires full operation process from entrepreneur. Malaysia offshore company and its managers are allowed to employ not only foreigners but also Malaysia residents. Moreover, you have privileges to lower your social package payments and deal directly with employees unlike native employers. Domestic business company in Malaysia is required to follow a lot of unnecessary ru...
Path: BlogThe Online Gambling Sector: A Booming Business
...acing any legal issues. 2. Tax Advantages In some offshore licensing countries, take advantage of advantageous tax rates or even tax exemptions. 3. Increased Business Opportunities Establish solid connections with top merchants and payment processors. Establish settlement accounts across many jurisdictions. Open doors to sponsorship opportunities and profitable ad...
Path: BlogEstablishing an Offshore Business: An Overview
...n markets. Offshore Businesses for Various Commercial Pursuits It is possible to modify offshore company structures to accommodate a variety of commercial requirements: Import and Export: Offshore businesses can generate invoices and manage payments for worldwide trade, lowering tax liabilities and streamlining operations. Investment: Investors can take advantage of free money transf...
Path: BlogHow to Get a Crypto License in 2024
...is type of license ensures compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Crypto Banking License A crypto banking license enables a financial institution to offer banking services such as deposits, loans, and payment services in cryptocurrencies. This license is typically harder to obtain due to the stringent regulatory requirements that come with banking o...
Path: BlogCan Bitcoin Replace Gold As the Safe-Haven Asset?
...ablecoins. This is remarkable increase comparing to 0.5% or less for long-term US Treasury bonds and 0% return from gold. At the moment decentralized finances as a sector is attractive - the total value in these contracts enacting these kinds of payment systems and loans now exceeds $11bn, up from $691m just nine months ago. Considering that money is invested in decentralized finances, it is u...
Path: BlogJapan to Tighten Crypto Rules for Preventing Sanctions Evasion
...n and flag them in applicable cases, only when an order is suspected of being related to sanctioned 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...
Path: BlogIndian Declaration on Cryptocurrencies Proposes Jail Term for Violation of Rules
...ile Indian government is still working on development of cryptocurrency legislation, which is expected to be set on vote in the ongoing session of the Indian parliament, this legislation included a proposal of complete ban on cryptocurrency use as a payment method and violation of such law may lead to criminal charges. According to anonymous sources, the draft bill is recommending strict jail t...
Path: BlogGerman Political Parties raise discussion on implementing Regulation for Crypto Blockchain Industry
...cent proposal made by Mark Branson, the new Head of Federal Financial Supervisory Authority (BaFin), who said he would pursue an agenda to bolster supervision amid criticisms. BaFin’s reputation came under the spotlight after Wirecard, a major payments company, collapsed last year. Such controversy significantly affected the election campaign of Olaf Scholz, the German Finance Minister. On ...
Path: BlogCuba is up to define Crypto Regulation Guidelines
... 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 national territory, in the terms established in Decree-Law No. 362 ‘Of the Institutions of the Banking and Finan...
Path: BlogLawyers’ Lobbying Efforts result in lifting Crypto-Ban in Vanuatu
... 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 fact, that Vanua...
Path: BlogBitcoin fortifying its positions: El Salvador, Paraguay and Beyond
...ome the trendsetter of BTC implementation – last week, a bill proposed in Paraguay would make Paraguay the second country to accept Bitcoin as a legal tender. Shortly after, the American University of Paraguay announced that it will accept tuition payments in Bitcoin. Carlitos Rejala, a member of Paraguay’s parliament, wrote about the bill on Twitter: “[…] Our country needs to advance h...
Path: BlogEl Salvador: Bitcoin will become legal tender, alongside the US dollar
... to users, Bukele said, with the government guaranteeing convertibility to dollars at the time of transaction through a trust created at the country's development bank BANDESAL. Under the law, bitcoin must be accepted by companies when offered as payment for goods and services. Tax contributions can also be paid in the cryptocurrency. The bitcoin-dollar exchange will be rated set by the market....
Path: BlogFive Fundamental Changes in FinTech from FCA
Many payments industry professionals have recently started complaining about the FCA becoming stricter. The FCA, the UK financial services watchdog, was established in 2013 and assumed the responsibility for the conduct and relevant prudential regulation from the Financial Services Authority, in his best interest to discover in time anyone who poses a financial threat to Great Britain. Because ...
Path: BlogTECHNICAL SOLUTIONS
... product with the connection of one or more liquidity providers. Our offer includes: Variety of leading liquidity providers Easy and fast setup procedure Excellent liquidity connection Fast complience verification Reasonable monthly payments and commissions White Label Technical Solution for Broker Companies OffshoreLicense LTD offers an excellent solution for those ...
Path: AdditionalCambodia will launch a central bank digital currency
**“Project Bakong” first trialed last summer is a specially designed digital currency that will serve as the national payment gateway for Cambodia.** Based on the blockchain technology, a peer-to-peer platform with its own digital currency will be launched in the coming months. Bakong central digital currency was designed by the Japanese blockchain company. The company Soramitsu has devel...
Path: BlogMove business wisely. What to consider when choosing offshore jurisdiction?
...ss in the EU, you should be acquainted with “Transfer Pricing Guidelines for Multinational Enterprises and Tax Administration”. Legal asset protection is important but it is not panacea. Reliable banking facility without hidden obligations or payments is a big part of successful business. There are internationally reputed banks, like Bank of Cyprus, Piraeus Bank, America Bank, Pacific Priva...
Path: BlogBitcoin and cryptocurrency litigation
...ns,and feasibility as an investment instrument. Its familiarity has bred numerous investors in the market. Their rising number has now been converted to the increased value of crypto coins and the addition of shops that credit virtual currency as payment. ***Top Cryptocurrencies*** Websites such as CoinMarketCap track cryptocurrencies that are hitting the market and show their current val...
Path: BlogWhy cryptocurrency is the future of electronic cash systems
In this article, we’ll look at why cryptocurrency is the future of electronic cash systems. Why it should become the most widely-used type of payment–and how this could impact the future of the global economy. We’ll also discuss why the Bitcoin dip and other market factors present both challenges and opportunities. **Consumer Benefits of Cryptocurrency** Since the beginning of the 21...
Path: BlogSetting up an Online Gaming Business
...ftware provider will work for your business. What has to be considered about your future contractor? • Meeting all your requirements and knowing what you, as a customer, need is a must; • Software company should provide you with a built-in payment module; • Insurance and service support for post-purchase administration of the game process; • Withdrawal of funds. Also, do not...
Path: BlogHow to Incorporate a Company and Why it is Beneficial
...ocuments have to be reviewed? Most often they include licenses, permits and intellectual property documents. Moreover, paying taxes is also a periodic process you need to control. Having a real physical office is useful for controlling all periodic payments and document renewals. Nevertheless, it is crucial to constantly monitor business state. To finalize, a proper incorporation of the company ...
Path: BlogSaint Vincent and the Grenadines’ budget: tax relief and amnesty
...entioned changes, a three-month tax amnesty has already started. What is this and what is it for? The main idea is to let taxpayers, having any debt, to repay it within the three months. Before 15th May 2018, there is a possibility to negotiate your payment debts with tax authorities and to take-off your hand from the urge to pay penalties. After the three-month term ends, the Inland Revenue De...
Path: BlogWhy Moving Your Business Offshore Sounds Reasonable
....com/storage/app/uploads/public/5ab/8cf/811/5ab8cf8110ed8117708820.png)](http://www.offshorelicense.com/licensing/labuan-money-broking-license){._blank.w575} **Setting Up Has Never Been Easier.** No bureaucracy, no paperwork, no unbearable payments. This is how incorporating a company sounds in the offshore jurisdictions. Policies of the most offshore territories are simplifying this pro...
Path: BlogRepeal of the Bermuda tax reform as the general service tax got denied
...med our readers about the implementation of a general service tax, however, it is dismissed from now on. The 2018\19 pre-budget report declares **tax amnesty** in controversy to the old plans. This amnesty will consist of a cancellation of late-payment penalties for business. Companies, whose business is regular, will be able to avoid such penalties. In reference to the previously promised...
Path: BlogStarting your own business in Saint Vincent and the Grenadines
...ails you will be able to open the account. In addition to opening a business account in SVG you will be able to use another services as well. Investment trading is available for offshore companies as well as transfer services, setting up a corporate payment system, using trust solutions and other possibilities. Our next step is tax policy of SVG jurisdiction. Basically, this country supports t...
Path: Blog6 ways to save your assets in case of business problems
...sonable to move to a cheaper office or partially switching to remote work. Loyal employees will also help you handle this difficult times. 4. Cutting expenses is a good idea but you should always remember to pay your debts and avoid preferential payments. Even if you are ready to initiate the bankruptcy process, it is better to pay off all the debts before submitting the papers. Redistributing...
Path: BlogBahamas issued guidance related to financial crimes prevention
...y and decrease the probability that they will be involved in economic crimes. [](http://www.offshorelicense.com/licensing/bahamas-payment-services-provider-license){._blank} The second one – **“Guidance Note on Proliferation Financing”** – is proposed at supervised finan...
Path: BlogHow to report foreign income on US tax return?
*Most of today's employees or businesses are looking forward to work internationally. When a person receives an international payment a question on how to pay income taxes will arise.* Earnings shall be displayed in the US tax return, and we would like to draw your attention to some points of income reporting. We will focus on two most common situations: when you earn money abroad while being...
Path: BlogHow to choose a suitable company structure for your business?
...ions and his personal assets will be used to cover required debts. • Capital investments Limited financing is a common thing for startup businesses. Least expensive company structure is sole proprietorship. It does not require additional tax payments, lawyer fees to draft formation documents and, at the same time, is easy to establish. Sometimes it is a reasonable decision: to start from s...
Path: BlogWhy do they always choose Cyprus?
...l taxation advantages for their business. For example, except for corporate income tax of 12,5% you will be able to avoid capital gains taxes on the disposal of securities, use double tax treaties for your company and also reduce to 0% (zero) tax on payments to international shareholders. These tax benefits are one more good reason to locate your investment company in Cyprus. There are more rea...
Path: Blog6 things to consider when going offshore in 2017
...ion jurisdiction or country where manufacturing expenses are the lowest. Delaware state, for example, is known as the best location for IT-business, Eastern Europe - for agricultural and so on. Depending on business perspectives and goals, necessary payments can be reduced in chosen country and, as a result, business will bear only necessary expenses. 3. Banking facilities and reliability. Whe...
Path: BlogThe Offshorelicense website launch. What it brings to us?
...l for our clients and partners. On the new website you will be able to choose from all banking and company services we provide and instantly make an order. We are changing and adjusting to make the order process easier. For example, the ordering and payment procedure on the Offshorelicense website is safe and secure. At the same time, our specialists are always ready to explain any matters and hel...
Path: BlogHow to Offshore: Useful Tips and Tricks from Leaked Apple Inc. Papers
...the company. They indicate that moving subsidiaries did not affect their tax burden in any way and Apple remains one of the world’s largest taxpayers. Corporate income tax, property tax, payroll tax, sales tax and other types of fees – all these payments are still processed by the company and they support every country where affiliated companies are established. They declare that moving to Jer...
Path: Blog“Sand Dollar” pilot testing in the Bahamas
...ct, this is simply a digital version “in every way equivalent to paper money”. The “Sand Dollar” is pegged 1:1 to the Bahamian Dollar (BSD), which is, in turn, pegged 1:1 with the United States dollar. Users will be able to use it to make payments and transfer funds using their smartphones. It will be possible to pay in retail outlets using QR code tied to the virtual wallet. It is ...
Path: BlogChina Bans Popular FX Broker Services
...or operating such services in the future. This spring, the government indicated that in order to operate, the financial services firm owners will have to be connected to Chinese market directly. For example, you will need a connection to the Chinese payment facilities, a physical office and a website hosted on Chinese servers and to follow other requirements, which are not yet officially indicated...
Path: Blog5 signs of booming blockchain innovation in Australia
...D ($500,000 US) to “blockchain research,” and how to use it to deliver more reliable and secure government services. Part of the money will also go towards funding a Digital Transformation Agency (DTA) to evaluate using blockchain for government payments. The goal is to understand how blockchain innovation in Australia can help improve efficiencies and modernize the country’s economy. The...
Path: BlogSwitzerland puts a hand over supervising ICOs
...and financing of terrorism. Many questions aroused while deciding on **token regulations**. For example, currently there are different types of tokens and approach to them is measured by their purpose. They are distinguished into the three types: payment, asset and utility. payment tokens are the simplest and, even though they are under FINMA control too, they are mostly connected to a single ...
Path: BlogBitcoin and its possible impact on insurance
...n you’re connected to the Internet, being able to transact anonymously presents a very inviting option for many people. 2. **Easy international transactions** – Because bitcoin is not tied to any country or is subjected to regulations, global payments and other financial transactions are easier, and a lot more affordable than traditional international banking systems where fees still need t...
Path: BlogCyprus passport - new regulations and more demanding requirements
...ng requirements: • Schengen visa issued by EEU Country; • Temporary residence permit in the Republic of Cyprus; • Due diligence of candidates and the origin of their funds, which they intend to invest in the Republic of Cyprus; • payment of mandatory contributions in amount of 150,000 euros to the funds of research and development and the land development organization. On Ma...
Path: BlogTurbo Certificates vs. CFDs
...lve extra transparency obligations; - Turbos are not margined products; - Investors can’t change the leverage of the certificates; - Turbo Certificates do not impose a liability on retail clients meaning that they will not be liable for further payment once the position is closed or the transaction is completed. Although the Turbo Contracts are outside the scope of EU leverage restriction...
Path: BlogHow cryptocurrency will be taxed in the UK?
The United Kingdom’s tax, payments and customs authority has clarified its view on how cryptocurrency will be taxed. New guidelines published by Her Majesty’s Revenue and Customs (HMRC) explain the approach to crypto taxation for businesses and individuals. It must be noted that the authority has a clear position in relation to the cryptocurrency status – it is not considered as a curr...
Path: BlogIn 2020 Starbucks will allow you to buy coffee using Bitcoin
...safe to say that Bakkt’s cooperation with Starbucks is a smart move. The coffeehouse chain has about 30,000 stores globally and people nowadays are really into the coffee culture. Prior to this, Starbucks has already brought up plans on crypto payments, however, the process was halted. Also, Bakkt has faced various challenges including a slow setup and delays in project launches. Although th...
Path: BlogThe Central Bank of the Bahamas expressed digital currency plans
...ncy is the best solution that will facilitate disaster recovery. Officials believe that switching to digital money will consolidate the resilience of the financial system in emergency situations. “Sand Dollar” will permit wireless restoration of payments, allow electronic dispersing of aid and avoid complications associated with cash shipments. Moreover, crypto transactions are more efficient ...
Path: BlogLocal cryptocurrency could soon be used in Japanese regions
...ticket counters in the Ise-Shima area and settle at facilities such as Shima Village or Shima Kanko Hotel in Shima City. Two entities conducting an experiment have been working on joint crypto projects for two years. In 2017, they were testing a payment system based on blockchain technology. In 2018, the companies were trying out the QR code technology and person-to-person transfers. This year...
Path: BlogFINMA provides guidelines on "stablecoin"
...e below are the 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...
Path: BlogMarshall islands introduces its own cryptocurrency
**The Marshall Islands is on the move with plans to issue its own cryptocurrency that will be distributed as a means of payment together with the US dollar.** **The country has recently announced the official release of the Sovereign (SOV).** SOV will have an established money supply with settled growth along with closing the secrecy and anonymity loopholes utilized by criminals and terrorist...
Path: BlogLegal salary in crypto. New Zealand experience
... with regard to section RD 3. The Inland Revenue Department (IRD) states that released rules applies to salaries and wages paid up in cryptocurrencies such as Bitcoin, Ethereum or other. An employee can receive salary in crypto assets as long as payments are made regularly, the amount is fixed and employment agreement is in place. As you may know, cryptocurrencies are mostly unregulated, a...
Path: BlogUK FCA issued clarifications of cryptocurrency regulations
...he FCA stated: *"Any token that is not a security token, or an e-money token is unregulated. However, market participants should note certain activities that use tokens may nevertheless be regulated, for example, when used to facilitate regulated payments"* Market players should take advantage of the Guidance and use it as the first step to understand how they should treat certain crypto ass...
Path: BlogLolli: how legit is the customer loyalty program that rewards users in bitcoin
...eam. **The Benefits of Crypto Rewards** By now the benefits of a cryptocurrency online shopping and reward programs should be obvious. But to clarify, let’s take a look at a few notable reasons. 1. Lolli is handling all the cryptocurrency payments from their end. This way retailers can offer crypto rewards without having to deal with the technical details themselves. Users also get to e...
Path: BlogRussia is planning to create asset-backed cryptocurrency
...r house of the Federal Assembly of Russia, is scheduling to adopt in the course of the year. The Central Bank and counterparts around the globe are evaluating possible solutions for this case within the framework of the international committee on payment and market systems. Elvira Nabiullina stated: *"As for mutual settlements, we will consider, of course, your proposal on what cryptocurr...
Path: BlogRussia is considering to allow crypto trading
...xpected when the legislation is finally passed: *"There is a range of possibilities from prohibition to the possibility of purchase. Like with foreign currency, it would be possible to buy and sell cryptocurrencies, but impossible to use them for payments. After a political decision is made on this issue, we will have the responsibility."* Russian Ministry of Finance has recently met with th...
Path: BlogGo Tech! 15% Corporate Tax in China for Tech Companies
... idea of Chinese tax exemption is the **reduction of the corporate tax** to 15%. It works in 21 different cities and, as was mentioned above, is preferential only for high-tech firms. The news is that this regime will work for all 2017 corporate tax payments for Mainland companies whose income from the technological services contains more than a half. It is also required to have degree-educated pe...
Path: BlogAttention! New guidelines for crypto holders were announced by the UK Tax Agency
...ets may be taxed, but does not draw attention to the tax model for tokens held by companies or for business means. The aforesaid document follows on previous reports from the UK authority, defining crypto assets more as property than as a mean of payment. HMRC does not regard crypto assets to be currency or money. This considers the point of view earlier stated in the report from the CATF (C...
Path: BlogCryptocurrency: what are your options?
...s, and feasibility as an investment instrument. Its familiarity has bred numerous investors in the market. Their rising number has now been converted to the increased value of crypto coins and the addition of shops that credit virtual currency as payment. **Top Cryptocurrencies** Websites such as CoinMarketCap track cryptocurrencies that are hitting the market and show their current value...
Path: BlogWhat is coin selection and why does it matter?
...s protocol approves the transaction. Bitcoin opted for the UTXO mechanism because it keeps the proof of work algorithm simple. It also permits parallel processing across multiple accounts, which enhances scalability. Finally, it allows for Simple payment Verifications (SPV), lightweight clients that can verify a payment’s inclusion in the blockchain without downloading the full database. H...
Path: BlogTop 5 crypto-friendly jurisdictions
...ll not be undetected by the Estonian authorities. Estonia was one of the first countries that committed to issue its own cryptocurrency. Together with the earlier created e-Residency program, they wanted to develop an Estcoin in order to expedite payment processing. Read our blog to keep abreast of all interesting and actual crypto news.
Path: BlogPakistan is planning to regulate crypto business
... in an attempt to regulate previously uncontrolled sector and to combat illicit uses of modern technologies. The State Bank of Pakistan in its statement pointed out that the regulations were developed with an intention to support innovation among payment service firms, and in an effort to promote wider financial inclusion within the country. **Companies registering as EMIs will be required t...
Path: BlogCrypto exchange industry is not as compliant as it appears to us
...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 exchanges own separate legal entities that deal with deposits, money transmission or payment processing in separate jurisdictions where the applicable regulations are weak or still inapplicable for crypto. The experts said the follo...
Path: BlogAfrAsia Bank Account Opening
...nvestment Banking, Global Business Solutions and Treasury. The corporate philosophy is to be the reference point for Corporate and Investment Banking, Private Banking and Global Business Solutions linking Mauritius and the Africa-Asia trade corridor.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksAfrAsia Bank Account Opening
...nvestment Banking, Global Business Solutions and Treasury. The corporate philosophy is to be the reference point for Corporate and Investment Banking, Private Banking and Global Business Solutions linking Mauritius and the Africa-Asia trade corridor.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksAlfa Bank Account Opening
...ccessful footprint of mass corporate segment and solid positions in retail banking. Alfa Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking and other ancillary services t...
Path: BanksAlfa Bank Account Opening
...ccessful footprint of mass corporate segment and solid positions in retail banking. Alfa Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking and other ancillary services t...
Path: BanksBoslil Bank Account Opening
...fessional advisors, intermediaries and clients - a stable social, economic and political system, strong regulatory environment, a diverse range of financial services including the registration of international business companies (IBCs) and much more.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksFidelity Asia Bank Account Opening
...g and investment funds to targeted sectors of Africa, Asia and the Middle East. The bank offers Syndicated Loans, Term Debt, Working Capital Support, Multi-Currency Accounts, Online Banking Services, Escrow Services and Advisory Services.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksBoslil Bank Account Opening
...fessional advisors, intermediaries and clients - a stable social, economic and political system, strong regulatory environment, a diverse range of financial services including the registration of international business companies (IBCs) and much more.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksLPB Bank Account Opening
...revent money-laundering and terrorism financing in order to ensure that Customer account operations are in compliance with the requirements of Latvian legislation and the international standards in this area. LPB Bank was founded in 2008.payment processing options MasterCard Restrictions: N.B. Bank may change its tariffs at any time thus please visit bank’s website or ...
Path: BanksCIM Bank Account Opening
...wiss Financial Market Supervisory Authority, and is a member of the Swiss Exchange and of the Swiss Bankers Association (SBA). CIM Bank is well known and has been proudly rewarded for the excellent quality of its traffic of international payments in all major currencies. Confidentiality and respect of individual’s privacy is a fundamental Swiss value shared by CIM Bank. ...
Path: BanksEuro Pacific Bank Account Opening
...es a unique approach to banking by maintaining a 100% ratio of reserves to deposits. This full-reserve structure has become a driving force behind the Bank’s growth and client retention as global financial markets have become increasingly unstable.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksPublic Bank Berhad Account Opening
...s. It operates through a network of 259 branches and 2,000 self-service terminals in Malaysia, 83 branches in Hong Kong, 3 branches in China, 28 branches in Cambodia, 7 branches in Vietnam, 4 branches in Laos, and 3 branches in Sri Lanka.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksHSBC Hong Kong Bank Account Opening
...C continued to invest and grow in Hong Kong and the surrounding region into the 21st century. Hong Kong remains the headquarters of The Hong Kong and Shanghai Banking Corporation, and the bank is committed to the future of its birthplace.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksAccount Opening in National Bank of Vanuatu
...er personal loans. It also provides business banking services, including business banking centers, business loans, business overdrafts, business cheque accounts, bank guarantees, import/export letters of credit, immigration bonds, inward and outward payments of salaries, and term deposits. In addition, the company offers international banking products and services comprising foreign cu...
Path: BanksFidelity Asia Bank Account Opening
...g and investment funds to targeted sectors of Africa, Asia and the Middle East. The bank offers Syndicated Loans, Term Debt, Working Capital Support, Multi-Currency Accounts, Online Banking Services, Escrow Services and Advisory Services.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksLPB Bank Account Opening
...revent money-laundering and terrorism financing in order to ensure that Customer account operations are in compliance with the requirements of Latvian legislation and the international standards in this area. LPB Bank was founded in 2008.payment processing options MasterCard N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us in ord...
Path: BanksEuro Pacific Bank Account Opening
...es a unique approach to banking by maintaining a 100% ratio of reserves to deposits. This full-reserve structure has become a driving force behind the Bank’s growth and client retention as global financial markets have become increasingly unstable.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksMauritius Global Business License (GBL), PIS
...uld 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) This type of company has to mandatorily be a...
Path: LicensingCIM Bank Account Opening
...wiss Financial Market Supervisory Authority, and is a member of the Swiss Exchange and of the Swiss Bankers Association (SBA). CIM Bank is well known and has been proudly rewarded for the excellent quality of its traffic of international payments in all major currencies. Confidentiality and respect of individual’s privacy is a fundamental Swiss value shared by CIM Bank. ...
Path: BanksCIMB Bank Account Opening
... top banks in ASEAN, garnering numerous awards across the years such as the 2016 Islamic Bank of the Year – Global award by The Banker magazine, Best Bank 2016 and Best Investment Bank in Malaysia 2016 by FinanceAsia Country Awards and many others.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksUnited Arab Emirates Accounting Services
... The residents of the United Arab Emirates had long enjoyed a tax-free and heavily subsidized existence. However, recently the country imposed a new tax legislation. Now the companies in the UAE and all its 7 emirates have to consider VAT payments in their daily operations. Moreover, the companies need to deal with quarterly VAT submissions as well. Also, as there is a need ...
Path: AccountingMauritius Accounting Services
...ents in accordance with International Financial Reporting Standards to be compliant with the local financial authorities. Also, some companies in this jurisdiction are obligated to submit quarterly returns of income as quarterly Advanced payment System statements every 3 months as well as to fill in the tax returns with the FSC. Services Offshorelicense provides...
Path: AccountingKazakhstan Crypto License
...ed rules, including customer identification and anti-money laundering measures. Licensed companies in Kazakhstan can legally offer services for buying, selling, and exchanging cryptocurrencies, as well as accepting and transferring cryptocurrency payments. General information Company structure At least one shareholder is required to establish a crypto business...
Path: LicensingSlovakia Crypto License
...oll., amending Act No. 297/2008, mandating that crypto service providers register with the Trade Licensing Office. To establish a crypto business in Slovakia, a local company with a minimum share capital of €5,000 is necessary, though immediate payment is not required. A director with EU or Slovak citizenship must be appointed, and a business plan must be developed and submitted. Anti-mone...
Path: LicensingAustralia Crypto License
...isk Management Framework: Detailed risk management strategy, including processes for identifying and mitigating risks. Customer Due Diligence Procedures: Documentation of procedures for customer verification and ongoing monitoring. Licensing Fee payment Proof: Receipt or proof of payment for the licensing application fee.
Path: LicensingBermuda Digital Asset license
... Overview DABA regulates the following “digital asset business” activities where they are conducted by any entity in or from within Bermuda: issuing selling or redeeming virtual coins, tokens or any other form of digital asset; payment service provider business utilising digital assets; operating an electronic exchange whereby digital assets of any type are exchanged for ca...
Path: LicensingSwitzerland Crypto License
...): Financial intermediary license (the most common); Banking license; Investment fund license; Dealer in securities license. As for the ICO itself, FINMA regulates this activity, dividing produced tokens into three categories: payment tokens: a synonym for cryptocurrency (as a rule, fall under the license of a financial intermediary); utility tokens: a token designed, for ...
Path: LicensingBank One Bank Account Opening
...gible presence in Africa and is strategically positioned to benefit from the local market insight and the vast market potential of the continent. It aims to offer the Mauritius advantage to clients looking to invest or establish a foothold in Africa.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksEl Salvador Online Gambling Company Formation
...nship or residence) Minimum 2 Shareholders (natural person or legal entity, no restrictions with regards to citizenship or residence) Taxation Corporate Income Tax – 30%; “Pago a Cuenta” tax – 1.75% (paid monthly as an advance payment of the Corporate Income Tax); Value added tax – 13%; Withholding tax: 1. Non-resident: 5% on Dividends, 20% on Interest, 20%...
Path: LicensingUK Crypto License
...– part of public record Taxation Crypto businesses in the UK are subject to standard corporate tax rates. Capital gains tax applies to the disposal of cryptocurrencies, and income tax is applicable if cryptocurrency is received as payment for goods or services. Mining activities are also considered taxable. Accounting requirements Filing annual report is obliga...
Path: LicensingLabuan Crypto License
...ction of the token to a third party, whether or not any other action is also required, the third party supplies cash, goods or services, the issuer will pay the third party for them, whether or not deducting any discount or commission, in return for payment to be made thereafter to the issuer by the customer. Currently, there is no minimum paid-up capital for credit token business prescribed ...
Path: LicensingGibraltar Crypto License
...r their business operations and potential risks Overview Gibraltar offers an attractive environment for cryptocurrency companies, featuring low tax rates and favorable regulations. Cryptocurrencies are legally recognized as a means of payment, and activities such as exchanges, token issuance, and ICOs are permitted and regulated. This makes Gibraltar a prime location for fintech and...
Path: LicensingBelize Money Transmission License
...ces Belize has become a more attractive place for starting business. For aforementioned reasons this Central American country has become a “one stop shop” jurisdiction. Money Transmission License enables IBC to offer money transfer service or payment instruments on international level by any means, including, but not limited to, an order, electronic, wire, facsimile transfer and currency co...
Path: LicensingBelize Forex License
...rica and it borders with Mexico, and Guatemala. In terms of time, Belize Forex License can be obtained comparatively quick. Moreover, Belize enjoys good reputation in the sphere of financial services and is widely known to international banks and payment providers. Belize has even implemented licensing legislation that is particularly focused on forex trading companies. Provision of such ser...
Path: LicensingBank One Bank Account Opening
...gible presence in Africa and is strategically positioned to benefit from the local market insight and the vast market potential of the continent. It aims to offer the Mauritius advantage to clients looking to invest or establish a foothold in Africa.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksMaybank Account Opening
...ybank Philippines Incorporated, has 79 branches in the Philippines. Maybank also has a banking presence in all of the other Southeast Asian markets. It also operates branches major global financial centres like New York, London, Hong Kong and Bahrainpayment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksBarclays Bank Account Opening
...ment management services. The company was formerly known as Barclays Bank International Limited and changed its name to Barclays Bank PLC in January 1985. The company was founded in 1925 and is headquartered in London, the United Kingdom.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksAccount Opening in Bank Alpinum
...y, Portfolio Management and it is also specialised in merchant account services for international commercial clients. The Bank’s service comprises the opening and maintaining of corporate accounts of any jurisdiction and BA is able to execute your payments in all common currencies and to all common destinations in fast and efficient manner and without any limitation whatsoever. Moreover, as a pr...
Path: BanksUSA Delaware Limited Liability Company Formation
...for company name the translation must be provided to Registrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Filling the incorporation documents with the Delaware Division of Corporations payment of the government fees (renewed by May 31, irrespective of the date of incorporation) A standard set of original corporate documents Provi...
Path: CompaniesCyprus Limited Liability Company Formation
...ed by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies Registration Forms A standard set of original corporate documents payment of government subscription tax on the authorized capital Provision of registered office and registered address for one year Provision of c...
Path: CompaniesIsle of Man Limited Liability Company Formation
... must be provided to Registrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Drafting and filing of Memorandum and Articles of Association A standard set of original corporate documents payment of the government fee Provision of local officers per annum (includes directors, registered agent or secretary) Provision of registered ad...
Path: CompaniesSwitzerland Limited Liability Company Formation
...corporation Name check and approval Provision of business address including mail forwarding for one year Opening of account for depositing of share capital Drafting Notarial Deed Registering Notarial Deed with the Commercial Register payment of the Commercial Register fees A standard set of original corporate documents in German language Please provide us with the following docu...
Path: CompaniesUnited Kingdom Limited Liability Partnership Formation
...nglish may be asked by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling the incorporation documents with the Registrar of Companies A standard set of original corporate documents payment of the Government Fee Provision of registered office and registered address for one year Please provide us with the following documents and...
Path: CompaniesUnited Kingdom Limited Company Formation
...lation to English may be asked by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling the incorporation documents with Companies House A standard set of original corporate documents payment of the Government Fee Provision of registered office and registered address for one year Please provide us with the following documents and...
Path: CompaniesGibraltar Limited Liability Company Formation
...he translation must be provided to Registrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies Registration Forms payment of the Government fees Provision of registered office and registered address for one year Provision of company secretary for one year Ple...
Path: CompaniesScotland Limited Partnership Formation
...ed by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies Registration Forms A standard set of original corporate documents payment of government subscription tax on the authorized capital Provision of registered office and registered address for one year Scan and forwa...
Path: CompaniesQuebec Company Formation
... that of an existing company. In case when foreign language is used for company name the translation must be provided to Registrar Incorporation Name check and approval Filling the incorporation documents with the Registrar of Companies payment of the government filing fee A standard set of original corporate documents payment of the Government Fee Provision of registered agent ...
Path: CompaniesLabuan International Business Company Formation
...ranslation may be asked by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies A standard set of original corporate documents payment of the Government Fee Provision of registered office and registered agent for one year Provision of company secretary for one year Please...
Path: CompaniesPanama Offshore IBC Formation
...A. N.B. Company name is restricted to be identical or similar that of an existing company. Incorporation Collection of necessary information for company registration Preparing foundation documents for company registration payment of state fees for company formation Company registration in the Register of Enterprises Please provide us with the following documents and ...
Path: CompaniesSingapore Private Company Formation
...be provided to Registrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Filling the incorporation documents with the Registrar of Companies A standard set of original corporate documents payment of the Government fee Provision of registered office and company secretary for one year Please provide us with the following documents and ...
Path: CompaniesSeychelles International Business Company (IBC) Formation
...be provided to Registrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Filling the incorporation documents with the Registrar of Companies A standard set of original corporate documents payment of the Government fee Provision of registered agent and registered address for one year Provision of company secretary for one year Pleas...
Path: CompaniesSt.Lucia International Business Company Formation
...ust be provided to Registrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies A standard set of original corporate documents payment of the Government fee Provision of registered agent and registered address for one year Provision of company secretary for one year Pleas...
Path: CompaniesBelize International Business Company Formation
...ed by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies Registration Forms A standard set of original corporate documents payment of the Government fees Provision of registered office and registered address for one year Provision of company secretary for one year Ple...
Path: CompaniesAntigua and Barbuda International Business Company Formation
...ed by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies Registration Forms A standard set of original corporate documents payment of the Government fees Provision of registered office and registered address for one year Provision of company secretary for one year Ple...
Path: CompaniesSt. Vincent and the Grenadines LLC Company Formation
...ranslation may be asked by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies A standard set of original corporate documents payment of the Government fee Provision of registered agent and registered address for one year (renewed by June 30, irrespective of incorporation d...
Path: CompaniesVanuatu International Business Company Formation
...ust be provided to Registrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies A standard set of original corporate documents payment of the government fee Provision of registered agent and registered address for one year Please provide us with the following documents and ...
Path: CompaniesCzech Republic Limited Liability Company Formation (s.r.o)
...to Registrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Drafting of Articles of Association Notary Public and stamp duties fee Submission of company documents to the Trade Register payment of Share capital (EUR 200) Provision of a standard set of original corporate documents Provision of registered office for one year Please...
Path: CompaniesHong Kong Limited Company Formation
...ed by Registrar to ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies Registration Forms A standard set of original corporate documents payment of the Government fees Provision of registered office and registered address for one year Provision of company secretary for one year Ple...
Path: CompaniesUSA Nevada Limited Liability Company Formation
...anguage: English Company name is restricted to be identical or similar that of an existing company. Incorporation Collection of necessary information for company registration Preparing foundation documents for company registration payment of state fees for company formation Company registration in the Register of Enterprises Please provide us with the following documents and ...
Path: CompaniesLimited Liability Company in Latvia
...oration Collection of necessary information for company registration Preparing foundation documents for company registration Signing of foundation documents, also at notary Opening temporary bank account, where to deposit share capital payment of state fees for company formation and for publication official newspaper Foundation document submitting to the Register of Enterprises of ...
Path: CompaniesRaiffeisenbank Bank Account Opening
... 2010. The RBI Group´s consistent commitment to quality is regularly reflected by a broad range of local and international awards, including by such leading finance industry publications as "The Banker", "Euromoney" and "Global Finance".payment processing options MasterCard, Visa, AMEX Restrictions: N.B. Bank may change its tariffs at any time thus please visit bank’s...
Path: BanksCIMB Bank Account Opening
... top banks in ASEAN, garnering numerous awards across the years such as the 2016 Islamic Bank of the Year – Global award by The Banker magazine, Best Bank 2016 and Best Investment Bank in Malaysia 2016 by FinanceAsia Country Awards and many others.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksBank Account Opening in ING Bank
... positive recognition from customers in many countries, strong financial position, omnichannel distribution strategy and international network. Moreover, ING is currently among leaders in the Dow Jones Sustainability Index ‘Banks industry’ group.payment processing options MasterCard, Visa Restrictions: N.B. Bank may change its tariffs at any time thus please visit bank’s websi...
Path: BanksCredit Suisse Bank Account Opening
...al advice for mergers and acquisitions in the US in 1995 and sixth for domestic equity issues. Credit Suisse has been recognized by the Asset Triple A Awards. In 2005 Credit Suisse was ranked as the second best prime broker by Institutional Investor.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksBarclays Bank Account Opening
...ment management services. The company was formerly known as Barclays Bank International Limited and changed its name to Barclays Bank PLC in January 1985. The company was founded in 1925 and is headquartered in London, the United Kingdom.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksPacific Private Bank Account Opening
...und the world. Specialized in wealth and asset management, the bank develops and offers tailored investment solutions. By providing personalized banking services the bank is able to accommodate the individual objectives of every customer.payment processing options MasterCard Network Restrictions Due to bank regulations, acceptance and issue of USD payments is prohibited. ...
Path: BanksAccount Opening in National Bank of Vanuatu
...er personal loans. It also provides business banking services, including business banking centers, business loans, business overdrafts, business cheque accounts, bank guarantees, import/export letters of credit, immigration bonds, inward and outward payments of salaries, and term deposits. In addition, the company offers international banking products and services comprising foreign cu...
Path: BanksHSBC Hong Kong Bank Account Opening
...C continued to invest and grow in Hong Kong and the surrounding region into the 21st century. Hong Kong remains the headquarters of The Hong Kong and Shanghai Banking Corporation, and the bank is committed to the future of its birthplace.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksPublic Bank Berhad Account Opening
...s. It operates through a network of 259 branches and 2,000 self-service terminals in Malaysia, 83 branches in Hong Kong, 3 branches in China, 28 branches in Cambodia, 7 branches in Vietnam, 4 branches in Laos, and 3 branches in Sri Lanka.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksMaybank Account Opening
...bank Philippines Incorporated, has 79 branches in the Philippines. Maybank also has a banking presence in all of the other Southeast Asian markets. It also operates branches major global financial centres like New York, London, Hong Kong and Bahrain.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksAccount Opening in Bank Alpinum
...ement and it is also specialised in merchant account services for international commercial clients. The Bank’s service comprises the opening and maintaining of corporate accounts of any jurisdiction and BA is able to execute your payments in all common currencies and to all common destinations in fast and efficient manner and without any limitation whatsoever. Moreover, as a pr...
Path: BanksMacau Offshore Commercial Company (OCC) Formation
...ferent from another legal entity in Macau The company name must include the words “Macao Offshore Commercial” or use its abbreviation of “OCC" Incorporation Request in Business Registry a firm name availability certificate payment of Government Fees Preparation of corporate documents Application for registration Apostiliation of documents Please provide us with th...
Path: CompaniesAccount Opening in Bank of Cyprus
...Best Bank in Cyprus 2015, by the global prestigious magazine Euromoney which named the Bank of Cyprus as the Best Bank of Cyprus. Important fact is also the title of Best Banker of the Year which was awarded to the CEO of the Group, John P. Hourican.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksRaiffeisenbank Bank Account Opening
... 2010. The RBI Group´s consistent commitment to quality is regularly reflected by a broad range of local and international awards, including by such leading finance industry publications as "The Banker", "Euromoney" and "Global Finance".payment processing options MasterCard, Visa, AMEX N.B. Bank may change its tariffs at any time thus please visit bank’s website or conta...
Path: BanksBank Account Opening in ING Bank
... positive recognition from customers in many countries, strong financial position, omnichannel distribution strategy and international network. Moreover, ING is currently among leaders in the Dow Jones Sustainability Index ‘Banks industry’ group.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksCredit Suisse Bank Account Opening
...al advice for mergers and acquisitions in the US in 1995 and sixth for domestic equity issues. Credit Suisse has been recognized by the Asset Triple A Awards. In 2005 Credit Suisse was ranked as the second best prime broker by Institutional Investor.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksComert Bank Account Opening
...rmaceutical affairs, the bank offers clear prospects for development and success. 25 years of experience enable the bank to look with confidence to the future. However, Comertbank priority is to ensure financial well-being of each client.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksPacific Private Bank Account Opening
...und the world. Specialized in wealth and asset management, the bank develops and offers tailored investment solutions. By providing personalized banking services the bank is able to accommodate the individual objectives of every customer.payment processing options MasterCard Network Restrictions Due to bank regulations, acceptance and issue of USD payments is prohibit...
Path: BanksComert Bank Account Opening
...al affairs, the bank offers clear prospects for development and success. 25 years of experience enable the bank to look with confidence to the future. However, Comertbank priority is to ensure financial well-being of each client.payment PROCESSING OPTIONS MasterCard, Visa Restrictions: N.B. Bank may change its tariffs at any time thus please visit bank’s websi...
Path: BanksAccount Opening in Bank of Cyprus
...Best Bank in Cyprus 2015, by the global prestigious magazine Euromoney which named the Bank of Cyprus as the Best Bank of Cyprus. Important fact is also the title of Best Banker of the Year which was awarded to the CEO of the Group, John P. Hourican.payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us ...
Path: BanksUruguay Limited Liability Company Formation
... before registration. Incorporation Collection of necessary information for company registration Preparing foundation documents for company registration Notarization of all founding documents for banks, the internal revenue office, etc. payment of state fees for company formation Request a tax identification number from the tax office/authorities Company registration in the Regist...
Path: CompaniesBritish Virgin Islands International Business Company Formation
...gistrar which will ensure conformity to above listed restrictions. Incorporation Name check and approval Filling incorporation documents with the Registrar of Companies Registration Forms A standard set of original corporate documents payment of the Government Provision of registered office one year Provision of company secretary and registered agent for one year Metal embossi...
Path: Companies