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Did Cayman Become a Top Choice for Blockchain business?

Last couple of years confirmed that the **Cayman Islands is one of the top jurisdictions for innovative fintech business**. Why is that so? In February 2018, Cayman Premier, Alden McLaughlin, confirmed that statistically, Cayman is now in top-three countries for blockchain entrepreneurs. Since 2012, the special tax-free economic zone, Cayman Enterprise City, functions in Cayman by attracting sta...

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Ten Cybersecurity Practices for businesses

News on data breaches, cybercrime, and invasion of privacy have saturated the headlines in the recent years; and this inevitably creates concern for companies, small businesses and large enterprises alike. Hackers continue to enhance their tools and scout for new cyberdefenses to penetrate, and any business remains vulnerable to a cyber attack. The question is: what can you do to protect your ...

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Outsourcing Accountants and Bookkeepers for Offshore business

Entrepreneurs are constantly busy finding new cost-effective ways of doing business. Accounting and bookkeeping are challenging for international business therefore more and more companies are choosing offshore outsourcing for these operations. Deloitte prognosed rapid growth of finance and accounting services outsourcing through next couple of years. That these actions are not core specializ...

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Novelties for the Blockchain business and ICOs in Gibraltar

The New Year has already brought the new regulations and rules in the international business world. We decided to start from the new rules in **Gibraltar**. The main financial regulator of this country, Gibraltar Financial Services Commission, announced new obligation for the companies using distributed ledger technology for storing or transferring values that belong to others. Currently, **...

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How to Relocate Your business Overseas: Expert Recommendations

Relocating your existing business overseas is a mutually beneficial idea for both, your newly created offshore company as well as for the jurisdiction itself. When there is a practical need of internationalizing your company, it is very reasonable to consider an expert advice on how to relocate your business overseas. **Benefits of relocating your business overseas** It is obvious - busine...

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Know-hows on Different Legislations and Blockchain Implementation Profitability in Your business

*Crypto technology boom is on its peak now and there are still numerous discussions whether it is profitable to use Blockchain in your business, or not. Financial companies, retail and even government authorities are using new instruments in their work.* At the same time, there are different approaches to regulations of **Blockchain companies** in the world. Some countries accept new ways and ...

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Financial business Innovations in The Cayman Islands

*October 2017 has been an innovative month for the Cayman Islands. Therefore, we are ready to reveal the governmental initiatives that will transform doing financial business in this country.* First of all, we should mention the new AML/CTF country whitelist. What is the main point of this **legal change**? business registered in the **Cayman Islands** will now be spared of the long and comp...

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Starting an international business. To offshore or not to offshore?

*When you decide for your business to become international, what to do and how to deal with legal matters? First of all, we should talk about why businesses are massively using international jurisdictions for functioning.* When you form or relocate your business to another country you can achieve a couple of very crucial goals. Sometimes legal or taxation climate in your country is not opportun...

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Setting up an Online Gaming business

It is hard to deny growth of the online gaming business industry. World’s largest gaming industry territories are North America and Asia-Pacific. Are you ready to be involved in more than 2 trillion U.S. Dollars industry, and start your own online gaming business? Below you will find a short checklist what you need to know as an entrepreneur when entering the online Gaming industry: **1...

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6 ways to save your assets in case of business problems

*business always associates with personal risk for entrepreneur. 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 ...

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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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Secrets of starting a business in the UAE

*The United Arab Emirates have developed a reputation of a jurisdiction, which is great for business through last years. Despite the fact that oil and gas are dominating business activities in the UAE, nowadays almost every type of activity can successfully operate inside the country. Tourism, healthcare, information technology, aviation, transport are also very successful fields of business. Th...

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How to choose a suitable company structure for your business?

*Important thing while starting a business, is to choose the right legal structure of the company. It affects many legal aspects of company`s procedures.* For example, who runs the company, how taxes are paid, which documents need to be prepared and many other. Entrepreneur needs to know the most common types of company structure and select the best one to run their business effectively. Here...

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

*It is not a secret that starting an offshore business or moving existing company offshore is a complex set of actions. An important part of selecting a jurisdiction is political and economic state of the country. It is not the crucial but overall state of the jurisdiction shows its perspectives. Unrest situation in the country, crises and rallies – these situations can scare investors away and...

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Why is Limited Liability Partnership a popular business structure?

It is obvious that this business structure gives certain advantages to business founders and allows them to set up most effective businesses. But why is Limited Liability Partnership (or LLP) so popular among non-resident entrepreneurs in the UK? Let us analyze most crucial advantages of choosing this business structure for the UK company formation. First of all, you will require more than...

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Mauritius Global business Category 1 (GBC1)

**Mauritius is one of the main International Financial Services Centre** which grants two most common forms of business to international clients, specifically the Category One Global business companies and the Category Two Global business companies. The choice among the above-mentioned companies will depend on a number of reasons, some of which being the planned activities and the location of op...

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business advantages of Belize offshore jurisdiction

...t is an offshore company? We have already analyzed reasons to go offshore in 2017, and now the time has come to analyze Belize company formation process.* **This Central America country is considered as one of the most favorable for international business.** Most common company structure in this jurisdiction is an IBC (international business company). It is regulated by 1990 and 2000 governm...

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

Any business is vulnerable to getting sued at any time – whether it is a small business, a startup, or a huge enterprise – which is why it is imperative that a business has sound legal defense. Litigation can cost a business money, time, and its good reputation. In the event that your business goes through a legal battle, what are the key actions that you may want to take? Let’s start...

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Why should you invest in offshore business?

...Offshore investing nowadays is a common solution for companies who want to function effectively. There are billions of stereotypes that mostly explain offshore as the universal evil. It is a narrow point of view because a properly organized offshore business is absolutely legal. It is important to understand all pros and cons of investing offshore to form your company in the right way.* Main poin...

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Why Moving Your business Offshore Sounds Reasonable

... you have heard about such offshore destinations like Panama, the British Virgin Islands, Belize or Anguilla. These countries are now gaining popularity and are known for relocation of existing companies to overseas jurisdictions. At the same time, businessmen often decide to start new companies in the offshore jurisdictions to work within the new markets, manage taxes and increase profits. Do no...

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Starting your own business in Saint Vincent and the Grenadines

Offshore jurisdiction of St. Vincent and the Grenadines (SVG) is a stable choice for different types of business. This state is a part of an archipelago near North America shores. Earlier, SVG used to be British colony but now it is an independent state. English is one of the main languages in this country and it is a great pro for business. Also, financial state of St. Vincent is pretty constan...

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Promoting business: an important step to success.

*When you are in need of growing and developing your business promotion questions undoubtedly arise. Staying on one place is not a proactive way of work so this question needs to have an answer.* Promotion strategy is a plan that is developed for your company and consists of all events and actions that are needed for telling the world who you are. Loyal customers are the ones who are always not...

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Starting offshore business in Vanuatu

...a. Why is this country considered as one of the friendliest locations for starting up the company? We will answer most popular questions about Vanuatu offshore company formation and give you a professional advice.* **What are the benefits of doing business in Vanuatu?** Banking system is one of the most important arguments in favor of doing business in Vanuatu There are two local owned and...

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How to set up a business on Bahamas?

*When you have already thought about moving your business and choosing jurisdiction you might have come to decision about the Bahamas. This country, officially known as the Commonwealth of the Bahamas, and has all the advantages of an offshore jurisdiction.* For example, tax climate for IBCs is close to perfect. International business is exempt of local taxes, including sales, dividends, corpora...

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Choosing business Structure for a Singapore Company

Singapore is an offshore jurisdiction that attracts entrepreneurs since the 2000’s. At present, there is a wide choice of corporate structures if you want to form a business in Singapore. Understanding which one is the best for you can mean a lot. We listed the most popular and suitable for business legal forms below to make the choice easier. **Limited liability company** A Limited liabi...

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Saint Vincent and the Grenadines’ Budget: Tax Relief and Amnesty

...udget with **good news for taxpayers**. It refers to both, private individuals and companies. Legal entities will have company **tax reduced by 2.5%**. Also, the hotel owners will have to pay **1% less income tax**. These are the main changes for businessmen. Regarding private individuals, it is important to mention **personal income tax reduction**. It will be **less by 2,5%** and the same ...

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How to Incorporate a Company and Why it is Beneficial

There are many reasons to incorporate a company when you start doing your own business. First of all, this process lets you act like a separate legal entity and use all privileges of a certain jurisdiction. What benefits can incorporation bring you as a businessman? The main advantages include asset protection, asset transfer, low tax rates and many others. Registration process tends to be easy ...

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Seychelles - Mauritius Potential Financial Services Partnership

Recently, the official delegation of **Seychelles** visited Mauritius to discuss matters of becoming partners. The current plans include working in financial sector to develop international business potential of both countries. Presently, **Mauritius is a popular African territory for starting international business**. It is a competitive economy according to different factors. One of them is...

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GST and Excise Tax Revision in Belize’s New Budget

...party, will be subjected to GST. It is considered that land clearing, crop dusting, and harvesting, are categories abusing tax exemption. Consequently, they will be subjected to GST from 2018. Furthermore, **GST will be modified for companies in business processing-outsourcing sector and operating expenses will become ineligible for classification as inputs.** Moving on to the Excise tax alte...

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New Tax Relief Measures in Hong Kong Budget

...hnologies and to individuals’ taxation**. The relevant changes are listed below in greater details. • The companies, that invest in green technologies, will get the tax relief. Costs, spent on environmental-friendly equipment or machinery for business and/or on implementing renewable energy, will have deduction period. It is proposed to have a 1-year assessment period for all categories, bu...

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Post-Brexit UK Markets Access for Gibraltar

...nounced Brexit**. Lately, Gibraltar faced problems due to the EU plans on its territory and is still negotiating best terms for staying on the market. Today we brought good news for the companies that provide financial services and online gaming businesses. These companies are guaranteed will have full access to the UK markets until 2020. This resolution was taken according to the countries mu...

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Will Bahamas be Removed from the EU Tax Blacklist?

...re **Bahamas are listed among other jurisdictions with non-cooperative taxation rules**. The mentioned above list is a non-obligatory document, but, at the same time, an important guide which makes a huge impact for choosing contractors while doing business. This year, the US Virgin Islands, **Saint Kitts and Nevis were also listed as territories with non-cooperative tax jurisdictions**. Europ...

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Gibraltar and Hong Kong Plan to Work Together on the Fintech Sectors Development

...orking together on implementing innovations in this sector. Both participants of the above mentioned agreement are excited to broaden their scope of work. The signing of this document is the next step in creating a working legal framework for the business. Last months were a breakthrough in financial technology sector for both Gibraltar and Hong Kong. This means that international companies wil...

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Gaming Bill in Malta. One Gaming Law for All

...h is anticipated for the industry. The Gaming Bill will increase flexibility and effectiveness of existing legislation and add more stability to it. Also, safety is one of the most important aspects of the new regulation. In gaming industry, keeping business transparent, legal and fair is a complicated task, but is beneficial for all participants of the industry. The Malta Gaming Authority will...

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Gibraltar Protects its Sovereignty During the Brexit Negotiations

...sh representatives released all claims considering territory’s independence. In addition, **Gibraltar citizens still mostly support staying in the EU**. 96 percent of voters think that staying in the Union will be more profitable for economics, business development and security of the country. Gibraltar’s Chief Minister, Fabian Picardo, confirmed that this territory is absolutely into conti...

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Chinese Financial Services Opening Up to Foreigners

... removed**. These changes will open the market to foreign investors and banks, giving the opportunities to set-up branches and subsidiaries. Changes will also affect securities companies, fund managers, futures companies, and life insurers. These businesses will have the foreign ownership cap set at 51% and after 3 years this limitation will be removed. Foreign agents will also be allowed to pr...

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Xi Jinping’s vision of “New Era” includes Forex Industry to focus on China

...g proudly Chinese.* Due to the enormous trading volumes, currently, China stands out as the forthcoming homeland for **retail Forex**. Introducing brokers operate the vast managed accounts, therefore, a very definitive format now is conduction of business between Western service and brokerage providers on one side and the key introducing partners and brokers in China on the other side. Furth...

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Cyber Risks Rules Compliance. New Rules in Hong Kong

...ord by means of a mobile app, a phone or e-mail and it is easy and secure at the same time. Online trading is becoming more secure and the Securities and Futures Commission continues its work to maintain this high level of security. What types of businesses are subjects of these changes and 2FA implementation requirements? Currently 4 types of trading activities are affected by these changes: d...

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Private beneficial ownership register in Barbados

**Barbados does not support opening to the public of its register of beneficial owners of enterprises**, Minister of Industry, International business, Commerce and Small business Development, Donville Inniss, stated at the opening of the **Society of Trust and Estate Practitioners (STEP) Caribbean Conference**. He mainly addressed his speech to his counterparts in the British government. As a...

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Peru has joined two major OECD Conventions

...x evasion. Peru has taken all of the necessary steps to become a member of the **OECD Multilateral Convention on Mutual Assistance in Tax Matters** and also the **OECD Convention on Combating Bribery of Foreign Public Officials in International business Transactions**. This is the most comprehensive multilateral instruments on cross-border tax co-operation. These implementations will allo...

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Two more opponents of the UK policy regarding public registers

...arbados does not support opening of its register of beneficial owners](https://www.offshorelicense.com/blog/detail/private-beneficial-ownership-register-barbados) of enterprises to the public, as was stated by the Minister of Industry, International business, Commerce and Small business Development, Donville Inniss, at the STEP Conference. Recently, it was announced that the **British Virgin I...

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A raising trend of investment scams in Australia

... to more than $21.8 million. Previously the highest loses were recorded in 2017. The governmental authorities stated that current level of fraud schemes, associated with cryptocurrencies, is alarming. Early this year, Consumer Affairs Victoria, a business unit of the Department of Justice & Regulation, within the Victorian government, announced its concerns about Bitcoin scams. The above-mentio...

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The new anti-money laundering law of the Island of Man

...is actually means that it is an official AML/CFT law from now on. This was an expected development in mind of the recent trend of updates in the field of Anti-Money Laundering Law. The Isle of Man is a well-regulated and developed international business center and the new law will help to preserve its respectful status. The IOM Government stated that the new law will enhance its anti-money la...

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Why cryptocurrency is the future of electronic cash systems

...p and other market factors present both challenges and opportunities. **Consumer Benefits of Cryptocurrency** Since the beginning of the 21st century, commerce has become increasingly digital. This has given new opportunities for consumers and businesses around the world to become more connected. A lot has changed since Satoshi Nakamoto’s original white paper in November 2008. We’ve s...

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Legal tech in 2018. New aspects

**Legal Tech, also known as Legal technology, refers to the use of technology and software to provide legal services.** Legal Tech companies are generally startups that perform their business activities in a way that is defying stereotypes of the conservative legal market. In this article we will discuss the last tendencies in the world of legal technologies. As you may know, a large number o...

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Compete or Not Compete

...ure of defense for a company to maintain its profitability. In case if you are entering into a non-compete agreement, it may be necessary to consider its provisions in order to avoid any potential disputes or obstacles to a successful and long-term business relationship. Simply put, a non-compete agreement or clause is a legal contract between an employee and an employer wherein the employee agr...

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All You Need To Know About Non-Solicitation Agreement

... its part) wherein an employee agrees not to solicit a company’s clients or customers, for his or her own benefit or for the benefit of a competitor, after leaving the company. Simply put, you can't use your old company contacts to help your new business. A non-solicitation agreement is one of numerous provisions that often appear in employment agreements. They can also show up as unique cont...

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Bitcoin and Cryptocurrency Litigation

Since its development in 2009, cryptocurrency has been in the financial space as both a threat and an innovation to the business and economic scene. Budget investors have been swayed by the virtual monetary device that offers anonymity, easy international transactions,and feasibility as an investment instrument. Its familiarity has bred numerous investors in the market. Their rising number has...

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Decentralized Internet – Affordable Resources And Privacy On The Web

... network of pipes and controls. If a new house desires running water, a protocol exists to bring that house water. Thus it is with the internet. Are users demanding new plumbing, though? When people turn their computers on, the internet connects, business transacts, everything functions normally, and that appears to be sufficient for most of the population. ***The World Wide Web*** When p...

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Swiss regulator launches proceedings against ICO issuer

...until the investigation is complete. In last year September the number of ICOs, that were tabled for investigation on whether certain regulatory provisions have been breached, doubled and continues to increase. FINMA consistently fights those ICO business models that break or circumvent supervisory law as well as drawn attention of the public to the risks that ICOs may pose for investors. Al...

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A Blockchain Education Network: the new era of scholastics

**Blockchain technology continues to see expansion into every business sector, including the education system.** The added efficiency and security of implementing of a blockchain protocol is undeniable. The paper-based system that dominates most of the educational networks of the world is grossly outdated, and there is no real global consensus on the overall status of education. These systems...

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Why NDA is such an important document and how it works

The most crucial asset for an entrepreneur and his business is certainly the information it holds. In business there are numerous reasons why you may want to share your confidential information with another party (i.e. your contractor, supplier and advisor). The one of the most practical way to protect your confidential information provided to another party is through the use of a Non-Disclos...

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Shanghai Free Trade Zone: The Updates

...the Shanghai Free Trade Zone. Moreover, the official Chinese information agencies stated, that this will become a unique experience for China. Foreigners have never been in equal status with citizens and this will change magnificently. International business will have a chance to enter markets - including stock - and be financed by Chinese investors. It is very important that such closed marke...

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Virtual Currency Draft Bill in Gibraltar

**Distributed ledger technology** (DLT), widely known as the **blockchain**, is a stumbling block for many jurisdictions. It is hard to ignore it now due to the fact that dozens of businesses in their activities use virtual technologies and, as a result, virtual currencies. **Gibraltar** is the jurisdiction that, along with the others, starts adding DLT to its scope of regulation. The Gibralt...

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The Offshorelicense website launch. What it brings to us?

*We have been reworking our website for a while and now the day has come. If you haven’t heard about Offshorelicense, here is a brief introduction.* We work as international company which deals with various business tasks. For example, we can assist with starting and setting up business in offshore zones, deal with licensing matters and opening bank accounts. Offshorelicense is a trustworthy t...

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Saint Vincent and the Grenadines Deals with the False Accusations

...ssional advice and analysis, not only an open-source information that might not correspond to the reality. This is why you can use services offered by **Offshorelicense Ltd** experts. We are ready to assist you in choosing the best location for your business.

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Switzerland Puts a Hand Over Supervising ICOs

...ese regulations will become more detailed and profound, but for now, even this is a serious step for the conservative countries like Switzerland. Current edition of the guidelines is mostly aimed at anti-money laundering politics. An every crypto-business looks very risky for the traditional economies and they want to protect what they have. Therefore, an approach to ICO regulation is still cau...

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Chinese 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...

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How to Offshore: Useful Tips and Tricks from Leaked Apple Inc. Papers

...the best is always a skillful strategy. **Apple** has always been the company to look up to and now we have a chance to sneak into their **offshore tax strategy**. The Paradise Papers, revealed on November 5, can become a guide for the newbies on a business field. Offshore matters are very sensitive and need to be individually selected. What can we learn from the Apple experience here? Corpora...

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God Save the Queen. Paradise Papers Revelation

Offshore leaks have always been incriminating for politicians, influential businessmen and other celebrities. November 2017 has become a month that revealed even more hidden information than we could have thought of. The Panama Papers, that became a leak in early 2016, blackened the reputation of many individuals and companies. Now is the time for the **Paradise Papers** and we are on it to anal...

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“To trade or not to trade?” or How Chinese Exchanges Overcome the Bitcoin Ban?

...nment’s statement that frauds and money laundering took place on the exchanges.* Before these bans, China had a trustworthy role as one of the biggest **cryptocurrency** trading markets. At the same time, this country is ahead with the mining business and became, actually, one of the centers for crypto-enthusiasts. What is happening now and what are the perspectives? After the **Bitcoin ...

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6 things to consider when going offshore in 2017

*When the day has come and you, as the owner of the business, decided to choose an offshore jurisdiction for your company – the journey has only just begun.* Sometimes starting a new business offshore or moving your existing business to another country can help you grow and develop. OffhoreLicense Ltd knows, that executives are sometimes struggling to choose an offshore jurisdiction because th...

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The Shanghai Free-Trade Zone: Development Plans

...ina, in 2013 was a result of the Chinese government plan. The main goal of this process was to implement **economic and social reforms** with the maximum efficiency. **The Shanghai FTZ has many advantages** for both - domestic companies and foreign businesses. In early November 2017, the FTZ released its development plan for the 2016-2020 period. For now, it is already an innovative base for b...

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Why do they always choose Cyprus?

*Many business founders who are thinking about starting their business offshore have been considering Cyprus. This country is a first thought for most people when hearing the word “offshore”.* Offshorelicense Ltd is ready to help you understand why this island is so popular amongst company founders and whether you should choose it too. There is a thought that business in Cyprus is popular b...

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How 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...

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Why do you need to protect your company's brand in modern world?

...on emotional level is much more important.* You may build a full system of company values, principles and mission; design a perfect logo, corporate style, products and create an image that strikes customer as a lightning. However, your incorporated business will still be in danger without a proper protection. Why is branding so important? How to protect your company’s reputation? Here are fiv...

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How to set up a Limited Partnership in Scotland?

When starting a business, you should consider Scotland as an interesting option. This is the part of United Kingdom and its business legislation and other conditions are favorable for starting up a company in Scotland. Main legal act that governs all Limited Partnerships in Scotland is a 1907 document that is still topical and useful for business. Setting up a company in Scotland is much cheape...

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Pros and cons of Labuan company formation

Talking about jurisdictions, offshore company in Malaysia is not a regular decision. This is why we decided to explain how to set up a company in Malaysia and figure out why is it rational to set up your business in Labuan. Registration and incorporation of offshore company in Labuan is requires standard actions like collecting and filing documents but still there are some interesting factors yo...

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China Amends the FIE Record-filing Laws Regulating Foreign Investments

...approval, the investor’s representative or agent should complete the online FIE Establishment Filing Application Form and file the relevant documents with the local MOFCOM’s FIE **General Management Data System (System)** for the issuance of the business license. For changing of FIE’s particulars, the representative or agent should complete the FIE’s **Change of Particulars Application For...

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Gibraltar Goes Fintech: Next Destination - Hong Kong

...all over the world gather to discuss their cooperation. Gibraltar is the member of this week for the first time. Delegation represented desire for this jurisdiction to move into the Fintech sector. The majority of the Albert Isola delegation were businessmen, executives, investors and even financial regulators. They performed a number of meetings and a reception to make some crucial agreements ...

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How did Brexit Affect Gibraltar Jurisdiction?

The official representatives of the UK marked Gibraltar Day in the early November by revealing British political plans for Gibraltar.Many businessmen began to reconsider their plans regarding Brexit. Stephen Barclay’s statement can put an end to all your doubts. According to the statement, **Gibraltar and the UK will not stop cooperation** in any matters and will continue the development of ...

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The New Labuan Tax Regime: Towards the Advancement

**Labuan**, the official federal territory of Malaysia, is considered as a reasonably good place for the international business. However, it still needs to improve action standards with the BEPS Action 5. It is the latest standard of the OECD that should be followed by members of the BEPS Inclusive Framework. Adapting tax legislation to the **new rules** is supposed to start at the earlier co...

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The Isle of Man Aircraft Registry Awards

... following traits: being innovative, informative, follow all requests and satisfy the interests of clients. This means that using the Isle of Man Aviation Registry is receiving the best service. **Offshorelicense Ltd** is always ready to assist your business by analyzing all choices and finding the best solution.

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International Monetary Fund Demands Tax Reform from Hong Kong

...ch. Nowadays, Hong Kong government receives the most revenue from real estate tax and corporate tax. These figures are 28 and 30 percent respectively, which is relatively high compared to other jurisdictions. These taxes are hard to bear for some businesses because they are highly dependent on current incomes and business cycle. Diversification of tax revenues is a very important part to kee...

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Repeal of the Bermuda Tax Reform as the General Service Tax got Denied

...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 general service tax, ...

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The Great Step Towards China

*Offshorelicense Ltd is an outward-looking international business company that has demonstrated tremendous growth in recent years by providing the first-class services on the global stage. The company is a trustworthy turnkey partner in setting up an offshore company alongside offering a wide range of business solutions.* Our worldwide team of experts has an extensive experience in the **inter...

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Go Tech! 15% Corporate Tax in China for Tech Companies

...ed activity. Basically, lowering corporate tax to 15% for such companies gives many benefits to the country itself. Before 2008, corporate tax used to be 33%, then it was lowered to 25% and now high-tech firms have even lower rate. Moreover, tech business will receive more benefits for educating staff. Deduction will be up to 8% of the total yearly wage bill and it can be distributed among a co...

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Bermuda Warns: Virtual Currency Shall Not Pass

Each jurisdiction makes and individual decisions on the matters of **cryptocurrency business**. We have already informed you about the countries whose reception of blockchain is mostly positive and the new legal initiatives are giving business space to work. However, it is not about **Bermuda**. Currently, this territory is not against cryptocurrencies, but the Bermuda Monetary Authority has ...

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Blockchain Regulations are on the Way to Malta

Many countries that support **international business** had started to implement **blockchain regulations** during the last months. **Malta** is next in the line according to the plans announced at the **Dubai Blockchain Conference**. Which industries will the new regulations cover? Not only blockchain but also **AI** (artificial intelligence) and **IoT** (internet of things). Technologies are...

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The New Transparent Taxes in Latin America and the Caribbean

The **newest tax transparency standards** are evolving all over the world. In the early 2018, the UN ECLAC (United Nations Economic Commission for Latin America and the Caribbean) celebrated its 70th anniversary. What happened and how business conditions will change in this region? We will analyze the newest tendencies and explain how business will develop in **LatAm** and the **Caribbean**. ...

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How RootAnt Makes Brokerage in China Easier

Doing **brokerage business in China** can be a serious challenge for international companies. Due to the fact that the market is closed, it is hard to follow all legal requirements and at the same time earn traders’ trust. Trading platform **RootAnt** is now one of the best services that allows international financial institutions localize in China. It is a combination of services for broke...

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Review of the Funds in Cayman Islands

Financial sector business in the **Cayman Islands** is regulated by the Cayman Islands Monetary Authority (CIMA). Also, after the Revision of the Mutual Funds Law in 2015, the regulator on a yearly basis releases digests on the funds industry. The latest one was issued on December 29 revealing the data for 2016. This year has mostly showed a decrease in number of registered funds except for M...

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Virtual Currencies’ Control in Singapore

Using **virtual currencies** is now a common practice between business representatives. Breadth of choice in the field of financial instruments makes regulators think of more and more universal types of acts and laws. Many international documents also have requirements for the counter-financing of terrorism and anti-money laundering policies. This puts financial regulators in the position where...

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One...Two...Three...Brexit! The UK Takes Gibraltar Along

Many business representatives that have legal entities in **Gibraltar** are concerned about the consequences of **Brexit** process. Gibraltar has been a British Overseas Territory since early 1700s and the United Kingdom still makes or influences a majority of important decisions in the territory. The Prime Minister of the UK, Theresa May, has previously assured that Gibraltar’s interests ...

Path: Blog
How Brokers in China Feel After the Website Blocks

...d creation of the National Internet Finance Association of China, many things have changed. Foreign exchanges became even more undesirable than earlier and it might cause problems for Chinese brokers as well. **Offshorelicense Ltd** is aware that businessmen who work with Chinese trading platforms can face many difficulties. This is why we are always supplying the latest news and are always rea...

Path: Blog
Is Accepting Bitcoin a Reasonable Choice for Banks?

...y at the same time. Even though many **banking facilities** are suspicious about Bitcoin, the others have a proactive position on adding cryptocurrency services to their scope. Moreover, the CEO of the Citigroup Bank, one of the most respectable businessmen in the world, claims that some governments are ready to create their own currencies to meet the demands of evolving innovations. Not only ...

Path: Blog
China Bans Popular FX Broker Services

We have already informed our audience regarding the newest **Chinese tax regulations**, legal limitations and other **business rules**. It is notably complicated to take into account every small detail while establishing company in China, therefore, we have prepared the latest news about **broker activities** in China. Chinese legal entities have rights to perform their activities on the web ...

Path: Blog
Регистрация МБК на Британских Виргинских Островах

... международного бизнеса). В соответствии с новым законом, в настоящее время существует только один, единый тип компании - БВО компания (BVI business Company), которая по-прежнему освобождается от налогов и пользуется всеми сущест...

Path: Companies
Международная бизнес компания на Сейшельских островах

...ые льготы и общая структура Сейшельских компаний регулируется Законом о международных коммерческих компаниях 1994 года (the Seychelles International business Companies Act 1994). Сейшельские острова не заключали и не подписывали соглашений с ...

Path: Companies
Авторизованная компания на Маврикии

...дной торговли, выставления счетов, маркетинга, консультационных услуг, логистики, ИТ-услуг и так далее. Преимущества лицензии Global business Company категории 2 (GBL 2) в Маврикий: - Маврикий предлагает высокий уровень ано...

Path: Companies
Лицензия Форекс - Британские Виргинские острова

...ешение о требуемом капитале, обычно он составляет от 100 000,00 до 250 000,00 долларов США. Non-refundable licence application fee payable to the FSC: USD$ 1,000 Initial Investment business Licence fee payable to the FSC: USD$ 1,500 (NB: если лицензия после 30 июня, то эта сумма сокращ...

Path: Licensing
Лицензия Форекс брокера в Южной Африке

...лагаемую деятельность компании-заявителя, личность и предысторию всех назначенных лиц / организаций. In order to maintain adequate management and control of the business it is required to appoint a Representative, at least one Key Individual and a compliance officer; all the persons must be registered with FSB...

Path: Licensing
Токен бизнес лицензия в Лабуане

...азличных финансовых компаний. Это, наряду с благоприятной налоговой системой, делает Лабуан престижным местом для начала Token Licensed business. Согласно местному законодательству, эмитент таких токенов обязан: при пр...

Path: Licensing
Аудиторские Услуги в Маврикии

...ости, стабильности и прозрачности финансовых учреждений в стране. Международный бизнес на Маврикии должен получить лицензию Global business Company (GBC). Все компании GBC категории 1 на Маврикии должны готовить финансовые от...

Path: Accounting
Бухгалтерские услуги в Маврикии

...дливости, стабильности и прозрачности финансовых учреждений в стране. Международный бизнес на Маврикии должен получить лицензию Global business Company (GBC). Корпорация, обладающая лицензией GBC категории 1, считается налоговым ...

Path: Accounting