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switzerland Crypto License
In switzerland cryptocurrencies and exchanges are legal, and the country has adopted a remarkably progressive stance towards cryptocurrency regulations.Incorporation: around 3 months + delivery time for the courier Minimum paid up capital: 100,000 CHF Overview Clearly, switzerland is not the cheapest of jurisdictions in which to establish a new business, but it does have ma...
Path: Licensingswitzerland Portfolio Management (ARIF Registration)
switzerland is widely known as one of the most reputable and business-friendly jurisdictions. A company can be authorized to conduct portfolio management by a local non-governmental organization – “Association Romande des Intermédiaires Financiers” which acts on behalf of Financial Markets Authority.Overview “Association Romande des Intermédiaires Financiers” (ARIF) – a non-profi...
Path: Licensingswitzerland Limited Liability Company Formation
switzerland is one of the most attractive jurisdictions for holding companies, granting special tax status in stable and reliable political and legal environment.Incorporation: within 10 working days + delivery time for the courier Minimum paid up capital: CHF 20,000 Overview switzerland is a small mountainous country located in central Europe. This landl...
Path: Companiesswitzerland puts a hand over supervising ICOs
February 16th became an important day for **European crypto-community**. **switzerland** showed itself as a progressive jurisdiction and published guidelines regarding the **ICO regulation**. It was developed by The Swiss Financial Market Supervisory Authority (FINMA). Many Swiss startups has now decided to announce ICO as acceptable since it is easier than attracting investors as it was 5 - ...
Path: Blogswitzerland is going to amend anti-money laundering law
**switzerland plans to amend its anti-money laundering law** and, once these changes come into force, the financial intermediary will be required to verify information on beneficial owners. The national authorities of switzerland have been taking various measures in combating the illegitimate funds, amid intense global pressure from various countries and actively discussed the proposed amendment...
Path: BlogThe government of Zimbabwe is willing to treat bitcoin same way switzerland does
Recently **Mthuli Ncube, the new minister of Finance in the Republic of Zimbabwe has stated that it is in the country’s interest to enforce Bitcoin at a national level**,similar to the way switzerland does. Referring to the Swiss central bank’s “investment and understanding” in Bitcoin, the financial minister said he will communicate with the Reserve Bank of Zimbabwe (RBZ) to follow t...
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: BlogGovernment of India working on law to ban crypto trading
... Considering India’s government intentions to measure and ban cryptocurrency trading in India, our team would like to offer similar jurisdictions and set up a company focused on providing services of the exchange of virtual currency in Estonia or switzerland. Read our blog to keep abreast of all actual and interesting technology news.
Path: BlogEstablishing an Offshore Business: An Overview
... are facing more difficulties: Banking Difficulties: Due to tougher compliance standards, global banks are becoming increasingly unwilling to accept enterprises from these nations. For example, creating a business bank account in Singapore or switzerland for a BVI corporation has become almost impossible. Economic Substance Rules: Many tax havens must now demonstrate local economic act...
Path: BlogHungary is on its way to become an offshore heaven
... which makes it very beneficial for multinational companies, which can transfer their profit abroad without any reduction**. Also, Hungary has more than 80 double taxation treaties, including all of EU countries, Canada, China, Hong Kong, Singapore, switzerland and the US. After the government decreased corporate tax in the last few years, its current rate is only 9%, which make it the lowest ...
Path: BlogLawyers’ Lobbying Efforts result in lifting Crypto-Ban in Vanuatu
...laced Vanuatu in the major league, with other, more established, jurisdictions that Tal Ron, Drihem & Co. have already been using since 2017 to represent clients in issuing coins and engage with other blockchain crypto activities, such as Gibraltar, switzerland, Singapore, Malta, and Estonia. The amendment seeks to expand the possibilities for already-licensed companies in Vanuatu, as well as to a...
Path: BlogHong Kong Securities and Futures Commission changing its previous "opt-in" approach
...latform, but it would be much clearer once the first full license is issued. While the situation in Hong Kong is still not clear Offshorelicense team could offer alternative solutions and would gladly assist you with obtaining 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: BlogCan Bitcoin Replace Gold As the Safe-Haven Asset?
...Securities and Exchange Commission of Nigeria announced that it will be regulating the trade of digital currencies in the country and clearly defined crypto assets as securities. Such clarity leads to faster innovation and more investments. Also, switzerland, a known store of value for the world’s richest in its aged private banking network, recently amended legal code to set new standards fo...
Path: BlogLocal Swiss Authority Planning to Accept Taxes in Cryptocurrency
.... The combination of trading technology and payment transactions with crypto-currencies enables to provide a good user experience for the taxpayer and to offer a proven service to the Canton of Zug. Zug is one of the 26 cantons (member states) of switzerland. The state is located in central switzerland, and Zug is often referred to as Crypto Valley. The canton of Zug has become the home of seve...
Path: BlogMove business wisely. What to consider when choosing offshore jurisdiction?
...egulations. Most considered branches are: asset protection legislation, confidentiality conditions, international business functioning rules, investment laws and taxes. Due to this, many worldwide-known offshore jurisdictions became popular: Cyprus, switzerland, the UAE and other. Considering this point, it is useful to consult with international lawyer to choose the right jurisdiction for your bu...
Path: Blog6 ways to save your assets in case of business problems
... loans from non-banking financial companies, because it will be more complicated to work and discuss returning conditions. Having an insured deposit in a reliable bank is a really good alternative and will help your business in case of any problems. switzerland, Cyprus, United Kingdom or Singapore banks offer deposits that can play the role of your safety rope 3. There is different types of exp...
Path: BlogCrypto-Friendly bank ‘freeze’ bank account
... investing in cryptocurrencies as a trader, we advise to explore proposed jurisdiction. To avoid possible risks and to decrease negative effects of blocked bank account our specialists would advise to establish business activities in Malta, Estonia, switzerland and Singapore.** 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
... at least made applications. Regarding accessibly to SEPA, there are countries outside EU that are part of the SEPA that fulfil the eligibility criteria of the European Payments Council, such as Iceland, Liechtenstein, Norway, Monaco, San Marino, switzerland, and Andorra. While UK is maximising its prospect of the maintaining access to the SEPA, it is not clear whether the access will be grante...
Path: BlogFINMA provides guidelines on "stablecoin"
...mic role of the token. But the nature of the ‘stablecoin’ can diverge depending on the legal rights of the cryptocurrency’s holder and assets to which the ‘stablecoin’ is pegged. Here 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 Infras...
Path: BlogLuxembourg has just passed the law providing a legal framework for blockchain securities
... an effort to enhance the security of digital assets. The above-mentioned cooperation was aimed at creation of higher levels of network security for digital assets. The small European country is one of several nations, such as Malta, Bermuda, and switzerland, that are at the center of attention when it comes to blockchain adoption and regulation. Read our blog to keep abreast of all interest...
Path: BlogCyprus has transferred to Moscow Russian bank account holders data for 2017
... income from the sale of shares, and interest on deposits and bonds should be disclosed according to the agreements reached on October 29, 2014. Doubts that Cyprus was honest with Russia in the context of new relations arose three months ago when switzerland decided not to share tax information with Cyprus. The Swiss concluded that Cyprus does not meet international requirements for data securi...
Path: BlogSwiss regulator launches proceedings against ICO issuer
**The Swiss Financial Market Supervisory Authority FINMA has launched enforcement proceedings against envion AG.** After raising over $100 million from investors, envion AG’s ICO became the second major ICO that has sparked controversy in switzerland. FINMA stated that **envion AG may have violated financial market law in relation to Initial Coin Offering** (ICO). Therefore, FINMA launched ...
Path: Blog5 signs of booming blockchain innovation in Australia
...es to forge its path to regulating cryptocurrencies, smaller countries, it seems, are steaming ahead. Well, smaller population countries anyway. ***2. A Pioneering Stock Exchange*** Despite recent announcements from NYSE parent company ICE and switzerland’s SIX, Australia’s largest stock exchange is already light years ahead. Not only has The Australian Securities Exchange (ASX) already ...
Path: Blog6 things to consider when going offshore in 2017
...tion laws in domestic country sometimes are strict and oppressive for business. This means that there is a need for company founders to choose most advantageous places to do business. It seems everyone has heard about Cyprus, British Virgin Islands, switzerland its loyal legislation for internationally based companies. Offshorelicense Ltd recommends our customers to choose what is most important i...
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
... compliance solutions, or FinCEN realizing that an enforcement action too early would incentivize many U.S. entities to move their businesses offshore in order to avoid regulatory oversight. One of the latest countries to enforce FATF guidance is switzerland. The Swiss Financial Market Supervisory Authority pretty quickly implemented Travel Rule and lowered the transaction threshold for unident...
Path: BlogHong Kong Limited Company Formation
...g has comprehensive double tax agreements with Austria, Belgium, Brunei, Canada, Czech Republic, France, Hungary, Indonesia, Ireland, Japan, Jersey, Kuwait, Liechtenstein, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Portugal, switzerland, Spain, Thailand, United Kingdom, Vietnam, Qatar and the Mainland China respectively to relieve taxation on income, for instance, div...
Path: CompaniesCredit Suisse Bank Account Opening
...sse has been recognized as the world's best private bank by Euromoney's Global Private Banking Survey and as the best European Equity Manager by Global Investors. In polls by Euromoney, it has been ranked as the top private bank and the best bank in switzerland. As of 2004, Credit Suisse was first in volume of high-yield transactions, second for corporate high-yield bond insurance and third for IP...
Path: BanksCredit Suisse Bank Account Opening
...sse has been recognized as the world's best private bank by Euromoney's Global Private Banking Survey and as the best European Equity Manager by Global Investors. In polls by Euromoney, it has been ranked as the top private bank and the best bank in switzerland. As of 2004, Credit Suisse was first in volume of high-yield transactions, second for corporate high-yield bond insurance and third for IP...
Path: BanksHong Kong Type 9 (Asset Management) License
...g Kong has comprehensive double tax agreements with Austria, Belgium, Brunei, Canada, Czech Republic, France, Hungary, Indonesia, Ireland, Japan, Jersey, Kuwait, Liechtenstein, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Portugal, switzerland, Spain, Thailand, United Kingdom, Vietnam, Qatar and the Mainland China respectively to relieve taxation on income, for instance, dividend...
Path: Licensing