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6 ways to save your assets in case of business problems

...r. When you start doing something yourself, you need to keep in mind that responsibility will always follow. * We have already point out several types of company structures before. And now we would like to highlight 6 possible ways to save your assets in case of business problems. 1. Payroll taxes should be paid on time. It is an important government tax and it is strictly controlled by st...

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The Great Step Towards China

...ling license**, we offer quite a few solutions for setting up such businesses in order to enable you to **legally perform lottery, online gaming** etc. The aim of the license is for company to legally perform **high-risk business activities, protect assets, open new markets and improve business credibility**. Highly professional assistance is provided until the license is granted and after, in ...

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New securities policies from Bahamas Regulator

...ment that addresses important issues related to the government regulation of mandatory capital. The government’s position is that companies registered to advise on securities or to manage those without holding clients’ cash and/or other possible assets, may use receivables for fees, retrocessions and commissions when calculating net regulatory capital. These changes were made due to the fact ...

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5 Signs of Booming Blockchain Innovation in Australia

... Exchange (ASX) already been listing cryptocurrency exchanges and blockchain companies since 2014, but they’re actually migrating their entire infrastructure to blockchain by 2020. We’re not just talking about listing Bitcoin or other digital assets here. The country’s main stock exchange will embrace blockchain technology entirely. The plan is to implement a post-trade system that is blo...

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Bitcoin and Cryptocurrency Litigation

...erference from another party. The ETC is also popular among initial coin offerings (ICOs), an aid for startup crypto junkies. * ***Litecoin (LTC).*** Often considered as Bitcoin’s clone, Litecoin is at $98.07 per coin. Familiarity is one of the assets that Litecoin has to offer to its investors since it is one of the oldest cryptocurrencies in the market. Since 2011, its fast transaction spee...

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New hype or a real irreplaceable instrument. Contracts of digital age.

...t between parties that is stored on and executed by a blockchain (this is the most common conception). A blockchain is essentially a decentralized accounting ledger that uses a network of computers and cryptographical algorithms to track transfer of assets and secure the ledger from tampering. For usual cryptocurrency, that gives two parties, who don’t know each other, an ironclad guarantee that...

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Coinbase was approved by SEC to list security tokens

...purchase three companies: (I) Keystone Capital Corp., (II) Venovate Marketplace and (III) Digital Wealth LLC – as means of becoming a regulated platform for offering trading services in security tokens, as well as to tokenize traditional financial assets. Coinbase COO Assiff Hiriji commented: *“Ultimately, we can envision a world where we may even work with regulators to tokenize existing t...

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Investments in cryptocurrency – is one of the main topics in the UK Financial Ombudsman Service’s Annual Review

...currency as other risky investments category** and noted the excessive volatility of cryptocurrency. Many activities relating to cryptocurrencies are not regulated. Investors in “Initial coin offerings” run the risk of losing all their financial assets without any recourse to the **Financial Services Compensation Scheme** (FSCS), warned Financial Conduct Authority (FCA) in September 2017. ...

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Choosing Business Structure for a Singapore Company

...ntrary to a Public Limited Company and a Private Limited Company, this type of company is set up for non-profitable purposes. It is a public company formed based on the principle of limiting the liability to the amount that members contribute to the assets of the company. This formation is common with non-profit organizations. [![singapure-private-limited-liability-company-ltd.PNG](https://...

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Governmental digitalization in Malta

... In the meantime, the Innovative Technology Arrangements and Services Bill would establish the regulatory regime that the MDIA would enforce in the nearest future. The Virtual Financial Asset Bill will create a legal frame for the virtual financial assets market and the Malta Financial Services Authority will be the responsible government body for the oversight. **Malta is creating an absolute...

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The British Virgin Island Authority Declared a Warning for CRS and FATCA

...em is an online service, which allows financial institutions to file all required reports**. The US Financial Account Tax Compliance Act is a document, requiring financial institutions to provide information about the US account holders and their assets, meanwhile being important for the following internal US taxation legislation. On the contrary, the OECD's Common Reporting Standard is an inte...

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How to Relocate Your Business Overseas: Expert Recommendations

...s obvious - business owners are looking for as many pros as possible while going offshore. Legitimate restructuring of your company overseas is beneficial even in short extent of time. What are the main criteria that make owners relocate? Protecting assets, cutting taxes, optimizing expenses: these are only few financial reasons, but enough to start thinking of this. Also, you get anonymity while...

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Pros and cons of Labuan company formation

...s paid-up capital is limited to 1$ and you can also enjoy advantages of paying only 3% or fixed amount of profit tax per year. Setting up a business in Malaysia can also be profitable for investment companies as it can act without separate property, assets and wealth management. This means that doing business in Malaysia can grant your company favorable conditions for growth and development. Fi...

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Virtual Currency Draft Bill in Gibraltar

...nd promotion of any kinds of tokens and coins which use blockchain technology will be subjected to the regulation. Consequently, new acts will contain rules about investments, secondary market activities and probably investment funds holding digital assets. Narrowing this information, legal regulation will consist of: 1. * -Information disclosure about purchasing tokens; 1. * -Measures of p...

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Review of the Funds in Cayman Islands

...d 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 decrease is insignificant. However, there is an important increase in assets that are managed by funds. Its net has increased by more than USD 450 billion. For both, **registered funds** and **master funds**, increase re...

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How to choose a suitable company structure for your business?

...es LLC popular between entrepreneurs. Many different things need to be considered while choosing the best company structure for your business. OffshoreLicense Ltd helps you deal with a list of most important ones. • Personal liability and assets protection Entrepreneurs should divide personal costs from enterprise finances while starting a business. This means that the safest company...

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What needs to be included in your offshore business plan

*There is a strong motivation for business to keep money offshore. Proper planning and analyzing will help company to store their assets in a safe and reliable jurisdictions. Many companies from the Forbes TOP-100 list are using offshore plans to maximize their profit and legally keep their money.* However, it is not right to look only to big enterprises because the law is the same for smaller c...

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Move business wisely. What to consider when choosing offshore jurisdiction?

...ks, like Bank of Cyprus, Piraeus Bank, America Bank, Pacific Private Bank and others, that are considered best for offshore companies. These banks offer high-quality customer service, technological solutions for privacy and safety, security for your assets and other advantages. Some jurisdictions also have requirements for founders or executives of the company. For example, age restrictions or ...

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Why should you invest in offshore business?

...ty of the country. Most popular jurisdictions have high level of asset protection and strong confidentiality legislation. Individuals who are afraid of lawsuits or other financial troubles can easily invest in company offshore. This can keep your assets safe and also help increase your income. Confidentiality and secrecy laws are also crucial when investing offshore. Corporate and banking rules...

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How to set up a Limited Partnership in Scotland?

...dence or nationality of partners but according to Scottish company formation rules. there should be at least one limited and one general partner. Limited partners are more like “passive” investors who have limited liability depending on their assets. On the other hand, general partners bear most responsibility for all company’s debts. According to these differences, it is logical to condu...

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Is your business being sued? Here's what you can do

...siness lawyer.** As a business owner, you must prioritize having a lawyer as a stand-by contact. You should do this as early as you start your business. * 2) **Get insurance.** A business must have liability insurance. * 3) **Protect your personal assets.** You can do this by having a trust own the business. A trust is a legal entity that can own a business, property, cash, and other assets. If ...

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