...asons 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 government acts that one by one have created a friendly envi...
Path: Blog*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...
Path: BlogThe 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 ...
Path: Blog...ored for each client. Close communication, the commitment to provide quality services across an array of industries and personal approach to each client are few of our keys to success. The core services include offshore company formation in major jurisdictions and legal assistance during all stages of your business. Our goal is to make any business as sustainable and manageable as possible, hen...
Path: Blog...pioneers, **Gibraltar** and **Hong Kong** were the first ones to enter into an official agreement regarding the development of this sector, thus making this day especially remarkable for the whole Fintech community. Responsible regulators of both jurisdictions, The Gibraltar Financial Services Commission and the Hong Kong Insurance Authority, officially pledged to cooperate and share informatio...
Path: BlogThere is no doubt that 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 ...
Path: BlogFebruary 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: Blog**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...
Path: BlogRelocating 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...
Path: BlogLast 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...
Path: Blog...ompetitive economy according to different factors. One of them is Mauritius double tax treaties with developed countries like Germany, United Arab Emirates, the UK, India and many others. This makes Mauritius a prospective partner for other offshore jurisdictions. Both international financial centers of Seychelles and Mauritius will benefit from their collaboration. Moreover, this will ease doi...
Path: Blog...procedures are stabilized, the system will show itself as a very effective one. As a result, there will be less loopholes, tax evasion will go down, rules for taxes and debts will be clearer. Currently, **Saint Vincent is already a business-friendly jurisdiction** and, after the Tax Administration Procedures Bill and Amending the Income Tax Act adoption, it will become even more effective and clea...
Path: BlogThere 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 ...
Path: BlogOn 13th of March the European Council released a decision where **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 ...
Path: Blog...oints of view on regulating AI in legal scope, users of the financial services need to know more about their privacy. This is why we will stay on top of the situation as it unfolds to let you know about the **latest updates of legislation of popular jurisdictions**.
Path: Blog...se. Analysis of the collected data will be conducted on the second phase of the review. Jersey will do everything necessary to comply with international standards of counter-terrorism financing and anti-money laundering. It is required from every jurisdiction to understand the risks, evaluate them and to effectively prevent or minimize the possible negative consequences.
Path: Blog...tive Bermuda is currently working on. Changing legislation for the matters of anti-money laundering and counter the financing of terrorism is crucial for the reputation worldwide. Moreover, the EU now considers Bermuda as a “non-cooperative” tax jurisdiction. This means that **2018\19 plans are very challenging for the Bermuda government**. They will have to deal with potential economical thre...
Path: BlogTwice a year the **Global Financial Centres Index** is published to analyze and rate financial centers worldwide. Up to 2,500 professional financial analysts were questioned about the current state of different jurisdictions. As a result, **the Cayman Islands is now recognized as the best offshore financial center in the world**. **GFCI** is a significant mark for offshore countries to maint...
Path: Blog...ones because such destinations pursue a goal of attracting as many investors and entrepreneurs as they can. However, obtaining a gaming license might be more complicated but it has to be done for your company to function in legal scope of the chosen jurisdiction. [...
Path: BlogSingapore 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...
Path: Blog...vising what to do but handling responsibility too. Reliable partner means having everything done on time and with the highest quality of services. ** 2. Minimum number of errors** Outsourced accounting specialist knows everything about chosen jurisdiction, company type and legal procedures. This means that on every level of requirements professional accountant will see potential errors and ...
Path: Blog...he OECD describes the **Convention as the key instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information** regarding Tax Matters. OECD and G20 countries developed the Standard that will allow over 100 jurisdictions to perform an automatic exchange of information in relation to offshore financial accounts.
Path: Blog...Islands**, two of the British Overseas Territories, are making preparations regarding the **launch of legal challenges to the UK government’s plans to enforce public registers listing details of beneficial ownerships of companies registered in the jurisdictions**. Both, the BVI and the Cayman Islands, have announced their intention to oppose the Westminster’s planned changes to the legislat...
Path: Blog...ndering and counter terrorism financing framework is strong enough and relevant to current AML/CFT requirements. In relation to these developments, Vanuatu was mentioned in a public statement, published on FATF official website under the title “jurisdictions no longer subject to monitoring”. The above-mentioned statement can be found by following the [link](http://www.fatf-gafi.org/publicat...
Path: Blog...*, including exchanges upon request, as well as the automatic exchange of Country-by-Country Reports. As of the 5th July, **international legal network for the automatic exchange of offshore financial information under the CRS covers more than 90 jurisdictions**. And during this summer, approximately ten more countries plan to follow. The mentioned above network creates an opportunity to co...
Path: Blog... 25 percent**. He intends to close tax loopholes in more redistributive policies and crack down on tax avoidance and evasion by legislating to prevent the further use of tax amnesties. Also **Mr. Sánchez is planning to put together a new list of jurisdictions that will be classified by the Government as "tax havens."** Mr. Sánchez has proven himself as a person who has a very radical visi...
Path: Blog**Hong Kong economy is one of the most attractive among the international entrepreneurs**. This is why the International Monetary Fund issued tax reform recommendations for this jurisdiction lately. For Hong Kong economy to stay competitive and flexible at the same time, it is vital to **rework tax structure** and change the approach. Nowadays, Hong Kong government receives the most revenue ...
Path: Blog...alta is ready to work together with Dubai while implementing new regulations and creating new regulation experience for blockchain users. We, in **Offshorelicense Ltd**, are ready to consult you on starting **blockchain business** and offer the best jurisdictions for this matter. In addition, we work on creating business itself or consulting you as a customer in tech field.
Path: Blog... 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**. The reputation is a crucial factor for **international business jurisdictions**, therefore implementing legislation that prevents money laundering and tax evasion, is a paramount for the governments. During the sem...
Path: Blog*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...
Path: BlogTalking 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...
Path: BlogOffshore 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...
Path: Blog...formed in the UK per year so this procedure is fast and transparent. Afterwards, you need to obtain necessary licenses or permits to perform your business activities. Employer Identification Number, State ID Number and Insurance are required in some jurisdictions so you should think about obtaining it in advance. Basically, starting business in form of LLP in the UK is a reasonable decision for...
Path: Blog*Vanuatu is a popular offshore jurisdiction situated near Australia. 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 ...
Path: Blog*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...
Path: Blog...or offshore business and native companies. International income tax and individual taxes are balanced specially for this reason. Another point to consider when moving a business offshore, is safety and confidentiality 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 tr...
Path: Blog...h you customer if business is properly branded. Now, let’s move to the ways of protecting your brand. Obviously, registering all existing trademarks is a first step to take in protecting your brand. Registration process differs depending on the jurisdiction, but usually international documents are accepted. You can protect everything that distinguishes you from competitors. Some companies eve...
Path: Blog*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...
Path: Blog*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...
Path: Blog...islation, Cyprus became a country which is located the nearest from the Europe and, at the same time, has the lowest tax rates, especially for corporate incoming tax. Businesses connected with royalties, finance or trading are choosing this offshore jurisdiction more and more often. Main advantage of such taxation is business having opportunity to reduce operating costs. Lowering taxation, especia...
Path: Blog*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...
Path: BlogEach 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 ...
Path: Blog...unts. Offshorelicense is a trustworthy turnkey company which has worked already with more than 350 clients. Of course, our services are not limited to those listed above. We are aware that nowadays for optimization companies need to use different jurisdictions and to choose how to establish their business legally. This means sometimes that they need specialists who are proficient, experienced a...
Path: Blog...yptocurrency. **Offshorelicense Ltd** continuously keeps track on the news of Bitcoin exchanges all over the world, not only in China. If your business requires working with cryptocurrency, we are ready to **analyze the market and offer the best jurisdiction** to make your entrepreneurship successful.
Path: Blog...10 million, which is equal to $13.1 million. It is important to understand that this investment means no accusation. On the contrary, this means that the **Queen knows how to manage business processes** inside the country and outside the domestic jurisdiction as well. Such revelation may become potentially dangerous for the reputation but the main question is whether all legal matters are consi...
Path: Blog... declare that moving to Jersey did not cause any benefits for Apple and their liability stays the same. Reliable and serious companies use offshore opportunities wisely and **Offshorelicense Ltd is always here to assist you with choosing the best jurisdiction** to base your business entity. Political matters can be adverse sometimes but your professional consultant is the one who will help you ...
Path: BlogOffshore jurisdictions may be sensitive in the cases of **accusation**. **“Money laundering”** indicating statements often cause reputation loss. Even if the country can manage unfair allegations and protect itself, it can still work out as a critical reception for the prospective investors. In this situation, we can give an indicative example: case of **Saint Vincent and the Grenadines**...
Path: Blog...ons. **Hong Kong Fintech Week** is an event where major financial service representatives from 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 financia...
Path: Blog...and the Governor of the Central Bank of Malaysia mentioned this at the Labuan Industry Annual Dinner. He is aware that now international taxation practices have to grow gradually to correlate with the OECD requirements. Nowadays, respectful offshore jurisdictions are not outlaw or above the law and never try to avoid taxation, do not exploit gaps in the legislation, don’t focus only on gaining p...
Path: Blog...the newest regulations in Gibraltar? This British overseas territory added one more innovative process to the scope of its regulation. From the 1st of January 2018 ICOs (Initial Coin Offerings) are legitimate too. **Gibraltar has become the first jurisdiction where ICO is officially in compliance with the law**. Initial coin offering is a funding process based on the Blockchain. It has become u...
Path: Blog... the matters of money-laundering and terrorism financing, virtual currencies are not distinguished separately. All rules of the AML/CFT policy apply the same way as for money and virtual currencies. Singapore took up an interesting position: this jurisdiction accepts innovations and helps them to develop, and at the same time makes sure that illegal actions using these innovations are limited a...
Path: Blog...CENSE clients have chosen **Vanuatu** in order to obtain Forex license (Dealer’s in Securities license), however, due to the changes occurred in mid-June 2017, the bond deposit requirements increased from $2.000 USD to $50.000 USD, thus making the jurisdiction not as attractive anymore. Also, Vanuatu Financial Services Commission (VFSC) has requested all companies to pay renewal fees irrespectiv...
Path: Blog...s our attention on GBC 1 as the one of the most commonly used type of companies. **GBC1 formation is most efficient to those entrepreneurs willing to gain profit from the various Double Taxation Avoidance Treaties** which Mauritius signed with other jurisdictions. Reason for this is that a GBC1 formation is developed, for tax purposes, to be resident in Mauritius. A business unit retaining a GBC...
Path: Blog