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...
Path: Blog...s two founders are equally able to perform management actions, and are responsible for decisions. At the same time their liability is limited to their personal investments in business and they are not responsible for company’s debts with their own funds. This feature is alike with limited company structure which is an excellent choice for international business. Considering tax matters, limit...
Path: Blog...uirements 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 forget to check whether software development company knows the field you want to work with. Understanding client’s needs shou...
Path: Blog...ose that must shop across borders, having to exchange various national currencies leads to higher fees on payment processing. In contrast, **cryptocurrencies can be used globally by online retailers without having to pay fees on sending/receiving funds** simply because the other person lives in another country. The future of electronic cash will almost certainly be borderless. **Fewer Pendin...
Path: Blog...etwork 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 an agreed upon transfer of funds will happen as expected and nobody will be able to cheat. Smart contracts - that's interesting. **With the help of a smart contract, two peop...
Path: Blog...ent projects, which had received investments from the above-mentioned firm, it can be determined that **the main focus of this firm are next generation startups, including crypto branch projects**. **During this year cryptocurrency-focused hedge funds have rapidly grown in numbers**, as entrepreneurs are trying their best to satisfy the increasing demand from traditional investors. Simpson sug...
Path: Blog...aundering 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 amendments to the **Anti-Money Laundering Act**. The...
Path: Blog...e usual available to the general public and the number of shareholders is at a minimum of 50 people. Given that these types of companies involve the general public, there are more rules and regulations that prevent operation and the misuse of public funds. • Public Company Limited by Guarantee: Contrary to a Public Limited Company and a Private Limited Company, this type of company is set up ...
Path: Blog...ation with the ADGM, the Abu Dhabi Sovereign Wealth Fund will invest in building and development of the platform. Also, Ahmed Al Sayegh, Chairman of the ADGM confirmed that the hub looks forward to collaborating with both local and global investment funds, companies and authorities.
Path: Blog...d above policies establishes a new approach of the Commission to the due diligence procedures. This policy is applicable to persons licensed or registered pursuant to any of the Bahamas administered Acts (Securities Industry Act 2011, the Investment funds Act 2003, and the Financial and Corporate Service Providers Act 2000). The policy states that those registered entities and licensees that were ...
Path: Blog...nfidentiality and support of international business initiatives. They make Vanuatu one of the most favorable offshore jurisdiction nowadays. Reporting requirements are really low, directors have a choice to hold meetings in any country, transferring funds is simple and you can exchange currencies on your account easily. If you are thinking to register a company in Vanuatu it is important to decid...
Path: Blog...um HKD30,000 (USD3,830) tax for 2017-2018. This will work for salaries tax, profit tax and tax under the personal assessment. More than 2 million taxpayers might have their tax reduced by 75 percent for the year of assessment 2017-2018. • Tax refunds will also take place this year. If you overpaid taxes due to the legislation delay, you can expect a refund. This will not concern the property ...
Path: Blog..., sale, distribution and 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...
Path: Blog...drawing corporations to your country is an improper action for the Union member. Apple, as the company with the far-reaching plans, chose to move subsidiary companies away to Jersey, exactly right after Ireland became not a reliable place to keep funds. The leaked documents revealed the process of moving offshore companies that belong to Apple. The first step was to recruit a Bermudian compa...
Path: Blog...ividuals and companies. Now is the time for the **Paradise Papers** and we are on it to analyze deeper. Leaked documents were published on November 5, and the International Consortium of Investigative Journalists reported its contents. **Offshore funds investment is not an illegal action** and it does not mean that the investor had done anything wrong. Unfortunately, some businessmen prefer law...
Path: Blog...buting of your assets after entering the liquidation procedure will be more complicated and will result in more expensive way that paying straight to creditors. 5. Plan your short-term expenses and avoid borrowing money from your company internal funds. Some owners think that they can cut insurance expenses or lend money from pension plan. Short-term planning will help you avoid spending your a...
Path: Blog...s focus in particular on possible breaches of banking law, as a result of the potentially unauthorized acceptance of public deposits in connection with the ICO. Investigations executed by FINMA state that, in terms of the ICO, envion AG received funds amounting to approximately one hundred million francs from more than 30,000 investors in return for issuing EVN tokens in a bond-like form. FINM...
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