...stance, the assistance in obtaining financial licenses such as but not limited to **Dealer in Securities License, Forex License, Banking License or Portfolio Management License**. Such solutions can be provided in various jurisdictions based on your requirements and a scheme of work that suits you the best. For those clients, who are aiming to **obtain gambling license**, we offer quite a few solu...
Path: Blog...fact whether you have your own development team or need to hire one. After researching the market, you ought to know which software provider will work for your business. What has to be considered about your future contractor? • Meeting all your requirements and knowing what you, as a customer, need is a must; • Software company should provide you with a built-in payment module; • In...
Path: Blog...ptions to add to your name. Important naming rule is also not to copy someone else’s name. Companies have to operate with a unique name, which is not used in the same jurisdiction. Business names also have to respond to all legal, moral and other requirements of a chosen jurisdiction. **Hiring personnel and directors** Depending on a company type, the creation of a governing body can diff...
Path: Blog...free zone, will apply for the goods imported to Belize's Philip S.W. Goldson International Airport. **For goods imported into Belize’s economic zones will raise from 2 to 3%.** The regime changes are implemented according to the OECD compliance requirements, and also to minimize abuse, tax evasion and any other negative factors for Belize’s Government.**International Business Companies will...
Path: Blog...e list too. The deadline for implementing all changes is set to December of 2018. Taking into consideration abovementioned, Bahamas will become highly competitive tax jurisdiction de jure only in case they manage to adapt local legislation to new requirements by the stipulated date. This jurisdiction will comply with minimum requirements of the OECD's Base Erosion and Profit Shifting (BEPS) ini...
Path: Blog...place every currently existing law related to the gaming industry. Malta offers a wide variety of services related to gaming industry and the main regulatory body is **the Malta Gaming Authority (MGA)**. This authority has developed key technical requirements and guidelines for those who work in gaming industry. This means that the MGA will be one of the authorities working on creation and adop...
Path: Blog...ion. What are the most common problems when using AI and what will be outlined in the MAS recommendations? First, there are problems with data transparency and ethical use of technology itself. Right now, big corporations are not limited by legal requirements, but by the end of this year The Monetary Authority of Singapore promises to release the abovementioned guidelines. Guidelines will co...
Path: Blog...t provides trading services in Hong Kong**. Such brokers as Monex Boom, Z.com, Phillip Securities (HK) Ltd and Guotai Junan International Hold. Limited have already informed their customers about these changes. In order to adhere to the newly set requirements, changes were made to the account access procedures and related mobile applications. New technologies allow receiving a one-time password...
Path: Blog...erything 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 will avoid them. ** 3. Complying with industry requirements** Even if you ha...
Path: BlogOFFSHORELICENSE has developed new and more attractive markets that may substitute Vanuatu in terms of entry and maintenance requirements Thus far, a considerable number of OFFSHORELICENSE 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 US...
Path: Blog...n of a consultation draft to deal with the recommendations, at the same time reinforcing the integrity of the Swiss Financial center. As a result of the above, the Swiss Government proposed the following changes: i. The **updated due diligence requirements** for certain services regarding the establishment, management, or administration of companies and trusts. Activities for operating local...
Path: Blog...stice & Regulation, within the Victorian government, announced its concerns about Bitcoin scams. The above-mentioned regulator received reports of people being deceived through fake cryptocurrency websites. Recently in Australia **new regulatory requirements entered into force** and the Australian authorities proceed to inform cryptocurrency exchange platforms, that they are now subject to thi...
Path: Blog...ested that there was enough progress made to change Vanuatu’s situation and all necessary steps were taken in order to ensure that its anti-money laundering 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 �...
Path: Blog...rts, generally known as **MONEYVAL**. With implementation of the new law, upgraded codes of conduct will be applicable to foreign trustees and unregulated trustees who are resident of the IOM. There were also introduced additional record-keeping requirements for foundations and changes that clarify the powers of the Companies Registrar to examine and investigate relevant documents filed with t...
Path: Blog...o be enforced as long as they don’t make it too difficult for an employee to earn a living or unfairly limit a competitor’s ability to hire workers or attract customers through legitimate means. To be enforceable, an agreement must meet these requirements: • The agreement shall not stop employees or customers from leaving the company. • If the agreement is about customers, the cus...
Path: Blog...any allow you to conduct Forex activities (money brokerage). As you may know, forex is tightly regulated by government authorities across the globe. It is getting more and more difficult for broking firms to enter in to new regions as the regulatory requirements have become more stringent. Choosing the right jurisdiction for setting up the Forex brokerage firm is very crucial as the success of the...
Path: Blog...n February 2018, the British Virgin Islands International Tax Authority issued a reminder for companies who are subject to this regulation that May 31st will be the deadline for all institutions to fill in the reports according to the abovementioned requirements. **The British Virgin Islands Financial Account Reporting System is an online service, which allows financial institutions to file all re...
Path: Blog...n between the startup and an investor. Finally, the utility tokens ensure providing a service or an access to the product for its purchaser. Considering this, FINMA, classifies both, utility and access tokens, as securities. This implies that the requirements for them are stricter than for payment tokens. However, the authority still controls all three types. The European financial regulator...
Path: Blog...ce) and **IoT** (internet of things). Technologies are developing rapidly and today more and more habitual things have tech features. As for Malta, during the conference it was declared that the government had performed rigorous work to meet all requirements of the newborn industry. New legal regulations will meet the needs of both, technological companies’ as well as anti-money laundering (...
Path: BlogDoing **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...
Path: Blog...ments. There are countries that blacklisted Belize as a tax haven and just file you with double taxation for every business including Belize offshore company that is not so offshore anymore. **How to open a bank account in Belize and what are the requirements?** Central Bank of Belize, which was established according to the Central Bank act is the main governmental bank in this jurisdiction....
Path: Blog...takes up to five working days but if you have inaccuracies in documentation, it might take a longer time. Most common fears of entrepreneurs while setting up a business in Malaysia are number and residency of shareholders and directors as well as requirements about starting capital and physical operating office. These factors are not deciding for Labuan offshore companies because minimal number...
Path: Blog...ed to develop and grow their company. In case you need any legal assistance or help with registration, OffshoreLicense Ltd is ready to help. Professional consultants are ready to explain you how to start business in Scotland. Analyze all details, requirements and perspectives – and this will help you not only to make money but also to become the most reliable company on the market. Effective ...
Path: Blog...d under the rules of the 200 Act. Let us describe how to incorporate LLP in legal way. First, you need to decide on main organizational matters. This includes company’s name, partners, operating premise and other. You should also check legal requirements if you want to set up a Limited Liability Partnership outside the UK. Main document that should be drafted before registering LLP is t...
Path: Blog...es who can work for your company. Moreover, if you are forming a Vanuatu offshore international company only for carrying out small a business or financial management, you can confine yourself to being a single shareholder and director: there are no requirements for residence or number of founders and CEOs. Forex trading regulations as another common reason to enter Vanuatu offshore jurisdiction....
Path: Blog...tment and this point cannot be left behind. When you require setting up an offshore investment corporation, it might bring you to unexpected expenses. There is a need to establish a corporation, pay registration and other legal fees. If there are no requirements for an offshore corporation it means investor should open a special account. Offshore investment accounts require a minimum investment am...
Path: Blog...ess and raise its own economics. Harmonization of tax regulations and loyal conditions of cross-border trading might be a good reason for entrepreneur to choose this specific jurisdiction. In the UAE overview we have mentioned $135,000 compliance requirements for starting a company. Does it sound unbearable? Small and mid-sized companies are not able to handle this amount of money and need to t...
Path: Blog...mportant point to consider when forming your company in the United Arab Emirates. It consists of seven Emirates, which have different free trade areas, customs rules and investment climate. Different zones have different control authorities, trading requirements and documentation. You should perform a detailed study of these aspects to choose the best Emirate for your company and decide which type...
Path: Blog...ble time zone: to control and maintain your offshore company at any time and to avoid any urgent problems you cannot solve. 6. Avoiding double taxation for your company. Contract work is a significant part of any company’s work. Analyzing your requirements, you can choose treaty or non-treaty jurisdictions. Basically, if OffhoreLicense Ltd customers mostly work with contractors fr om differe...
Path: Blog...here? Corporations whose incomes are measured in billions dollars are obliged to keep their fingers on the pulse in the offshore field. Before the law amendments, Apple used Ireland as a tax shelter. The changes were due to the European Union’s requirements to Ireland to update tax legislation. The EU considered that drawing corporations to your country is an improper action for the Union mem...
Path: BlogWhen **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...
Path: Blog...me was created in 1990, things have changed 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 ...
Path: Blog...perate, the financial services firm owners will have to be connected to Chinese market directly. For example, you will need a connection to the Chinese payment facilities, a physical office and a website hosted on Chinese servers and to follow other requirements, which are not yet officially indicated. An important part of doing business in China, is to always remember specific rules of this m...
Path: Blog...irtual 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 they shou...
Path: Blog...инансовую отчетность, которая должна храниться по юридическому адресу или в любом другом месте, определенном решением директоров. Audit requirements - Каждая компания обязана назначить аудитора, который является членом Г�...
Path: Licensing...�точников. Назначение директора или PO инвестиционного банка Лабуана должно получить предварительное одобрение от Labuan FSA Comply with the statutory requirements under the Labuan Financial Services and Securities Act 2010 Соблюдение законодательных требований в...
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