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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...

Path: Blog
Starting offshore business in Vanuatu

... List of available banks include Westpac, Pacific Private Bank, ANZ and National Bank of Vanuatu. These facilities are considered very stable and reliable among offshore business founders. Next argument to form an offshore company in Vanuatu is tax regulations. It is important to mention that there is no capital gain tax, income tax and withholding tax. International companies are exempt from ...

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Switzerland Puts a Hand Over Supervising ICOs

...ze every case and apply appropriate and corresponding financial legislation for each case. A very important part of this announcement is that Europe began embracing cryptocurrencies and other new technologies. In the nearest future, we hope these regulations will become more detailed and profound, but for now, even this is a serious step for the conservative countries like Switzerland. Curre...

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Hedge fund billionaire joined crypto market

... *"It's still up in the air if people want to do a number of thing on the blockchain. We're still figuring out what needs one and what doesn't. But It's clear they want to trade, and they want to play games."* She also expressed concerns about regulations in crypto sphere, as she is convinced that this is the only fact that can significantly affect the subsequent development in this area. ...

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Switzerland is going to amend anti-money laundering law

...ney laundering and the financing of terrorism and its effectiveness. We truly believe in good quality of the Switzerland’s system for combating money laundering and terrorist financing and waiting for the full announcement and final version of the regulations.

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Outsourcing Accountants and Bookkeepers for Offshore Business

...ors and will avoid them. ** 3. Complying with industry requirements** Even if you have a professional domestic accountant, offshore accounting experts know their narrow scope of expertise like the back of their hand. Even the most complex tax regulations are easy for them and these skills will grant your business improved regulatory compliance. ** 4. Cheaper access to new technologies** ...

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Choosing Business Structure for a Singapore Company

...suitable for large business being that company’s shares are 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 an...

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New Beneficial Owner Policy in British Virgin Islands

... is a problem of particular interest due to growing number of Asian beneficial owners of BVI companies. **BVI House Asia**, financial services promotion agency, organized a seminar in Hong Kong to discuss and inform Asian entrepreneurs about newest regulations. Abovementioned regulations are mostly related to non-contentious probate and estate administration. In addition, **new register is ava...

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Post-Brexit UK Markets Access for Gibraltar

...This resolution was taken according to the countries mutual decision to work together during Brexit process. In addition, in the next two years, **Gibraltar and the UK pledged to work together on development and implementation of the newest legal regulations** of such business. This means that the mentioned above companies will have the most up-to-date legislation on information policy, transpa...

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

...ority reminded institutions, holding overdue reports not only for 2017 but also for 2016 about the consequences of being fined. Furthermore, the BVI financial regulator assures to be even more informative for institutions that are subjected to these regulations. Requirements for the CRS reports and more instructions for users of the British Virgin Islands Financial Account Reporting System will be...

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Virtual Currency Draft Bill in Gibraltar

...ably investment funds holding digital assets. Narrowing this information, legal regulation will consist of: 1. * -Information disclosure about purchasing tokens; 1. * -Measures of preventing money-laundering and financing of terrorism; 1. * -regulations for authorized sponsors who will bear the responsibility to assure compliance of token distribution with existing rules; 1. * -Rules for ...

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Bermuda Warns: Virtual Currency Shall Not Pass

...atch out from any reckless actions. It is reasonable that before spending money on unidentified tokens it is good to analyze reliability of investment. However, we are looking forward to the day when Bermuda governmental authorities will release new regulations on **virtual currencies**. If you plan on starting ICO or investing in one, **Offshorelicense Ltd** is ready to consult you on pros and co...

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Why should you invest in offshore business?

... absolutely legal. It is important to understand all pros and cons of investing offshore to form your company in the right way.* Main point of offshore investing is a favorable tax climate. Small countries are aware that low tax rates and favorable regulations for business will attract foreign capital. It is true and most offshore countries have significantly improved their economics after becomi...

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Virtual Currencies’ Control in Singapore

... transactions is not an easy task. The **Monetary Authority of Singapore** chose quite a challenge by stating their obligation to control as the transactions are anonymous and there is no central clearing house established. However, as soon as these regulations will become common and effective, business safety in Singapore will grow even more. If you are planning to establish a company in Singa...

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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 Brokers in China Feel After the Website Blocks

... that the regulator is taking measures to restrict the access to some platforms, many of them still work normally. Regarding the fact that the government and financial authorities of China are very strict, sometimes entrepreneurs suffer from the new regulations and restrictions. Nevertheless, they already have the experience and are prepared for the unforeseen circumstances. According to the la...

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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 ...

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Gibraltar Goes Fintech: Next Destination - Hong Kong

...ception to make some crucial agreements on the future deals. Gibraltar Fintech Offering is a plan that is to be implemented in the nearest future. On May 9, 2017, Gibraltar published a consultation paper, which consists of propositions about Fintech regulations. This is the first step to create special legal acts and start cooperation with other countries in this sector. Business in Gibraltar w...

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

...or crypto-enthusiasts. What is happening now and what are the perspectives? After the **Bitcoin exchanges ban**, the most valuable market players shut down and pushed China far back on the world’s Bitcoin community. Meanwhile, Japan implemented regulations that are much more favorable for traders and overtook the market with 44% part of the market share. Some analysts state that the Chinese b...

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

...ll 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 some do not. We are not aiming to explain how the **Blockchai...

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

...ty protection. This charge differs from jurisdiction to jurisdiction and if you need to pay more than company earns – it is not reasonable. Legal part also plays a big role in company formation. Comfortable offshore climate often depends on local regulations. Most considered branches are: asset protection legislation, confidentiality conditions, international business functioning rules, investm...

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Лицензия Поставщика Платежных Услуг (PSP) на Багамских Островах

...зирование организаций, предоставляющих платежные услуги в соответствии с законом О платежных системах 2012 года и the Payment Instruments (Oversight) regulations 2017, а также за регулирование и надзор за платежными инструментами, включая ...

Path: Licensing