The worldwide registration of Trademarks is protected and regulated by Madrid System (International Trademark System). Through Madrid System it is possible to file an application for trademark registration and to apply for protection in up to 114 countries.Timeframe 6-9 months (if no one claims rights to the same or similar trademark) Overview In order to use the Madrid System, ...
Path: LicensingProtection of the trademark locally is the first step to international protection of the trademark.Timeframe 6-9 months (if no one claims rights to the same or similar trademark) Overview Local registration of the trademark is a mandatory step in protection of your trademark. In order to register an international trademark, local registration must be obtained at first instance. ...
Path: Licensing...up a company focused on providing services of the exchange of virtual currency. Licenses that were issued up until the beginning of 2019 have founded to be the simplest license to comply with, and have operated many licenses in Estonia. Recently market has been changed, and, considering favorable conditions for crypto exchange, Estonia has become most affected country by these changes. The EU's...
Path: Blog**Omega One announced the proper launch of Omega Dark, the first regulated, fully autonomous dark pool in the digital asset marketplace.** As reported in a recent press release, Omega Dark is the first company to be approved for a provisional Digital Asset Exchange License in Bermuda in accordance with the country’s new Digital Asset Business Act. CEO Gordon-Brander stated: *"Dark pool...
Path: BlogThere were dozens of articles about further plans of both the UK and Gibraltar after the **UK announced 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 ...
Path: Blog...y affected and cases being reported in New York City and many other key cities around the world. The disease has also been seen affecting the world economy along with global health. **The traders are facing Coronavirus induced volatility in the market.** Many are stunned by the fear of the world economy to slow down, which is, therefore, affecting the stock prices to dip down. Reports suggest ...
Path: Blog**This week started off with a global stock market fall that became the steepest since the 2008 financial crisis.** On the so-called Black Monday stocks entered a ‘’bear market’’ when fallen more than 20% from the recent peak. The crash was largely caused by the coronavirus outbreak that was declared a pandemic combined with the ongoing oil war between Russia and Saudi Arabia. **This ...
Path: Blog...er-producing juggernaut **Bitmain** released its IPO prospectus to the Stock Exchange of Hong Kong in September 2018, the world got to take a peek at some wild growth rates in the cryptocurrency industry not purely linked to astronomical gains from market speculation. The most impressive component is the leap from Bitmain’s 2016 revenue ($278M) and profit ($111M) to $2.518B and $701M in 2017 ...
Path: Blog**Steven Cohen, better known as the “Hedge Fund King”, recently has enter the crypto market.** Cohen through his venture capital firm, Cohen Private Ventures, made a significant investment in cryptocurrency-focused hedge fund Autonomous Partners, as was stated in the Fortune [article](http://fortune.com/2018/07/12/steven-cohens-bitcoin-crypto-autonomous-partners/){._blank} published on the 1...
Path: BlogThe COVID-19 has had large impact on our daily lives and it has changed the way we do business. Of course, there are many aspects of life that pandemic hasn’t changed, but the effects can be clearly found in the Forex and trading markets. In particular, **coronavirus pandemic brought a surge of volatility back into the markets in February and March**. This volatility, which has been widely repo...
Path: Blog...ct and behaviour of financial participants. Behavioural finance suggests psychologically based theories to try to explain deviations in price. One of the most powerful techniques used in an economist’s arsenal in understanding the behaviour in markets is trying to find herding behaviour in a certain type of financial market or market index. Usually using mathematical models such as CSSD (cros...
Path: Blog**Fintech giant PayPal could potentially be making an entrance into the cryptocurrency market by offering its clients the ability to buy and sell cryptocurrencies.** PayPal plans to carry out direct sales of cryptocurrency to its 325 million users. At the moment, PayPal can be used as an alternative way for withdrawing funds from exchanges such as Coinbase, but this would be a first method of ...
Path: BlogBy European Securities and Markets Authority (ESMA) [decision](https://www.esma.europa.eu/press-news/esma-news/esma-ceases-renewal-product-intervention-measures-relating-contracts){._blank} as of 31 July 2019, continuous temporary restrictions, imposed on the marketing, distribution or sale of contracts for differences to retail clients, affecting the market from 22 May 2018, will apply as perman...
Path: BlogSt. Lucia Company Formation: Your Strategic Gateway to Global Success In an ever-evolving global market, the choice of jurisdiction for your company formation is pivotal. St. Lucia stands out as a beacon of opportunity for businesses aiming to tap into international markets with ease and efficiency. Offshorelicense, with its proven expertise and commitment to excellence, offers a bespoke St. L...
Path: LicensingMaybank is Malaysia's largest bank by market capitalisation and total assets and one of the largest banks in Southeast Asia, with total assets exceeding US$165 billion and having a net profit of US$1.75 billion for 2015.Account opening: 7-14 working days Overview: Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 45,000 empl...
Path: BanksMaybank is Malaysia's largest bank by market capitalisation and total assets and one of the largest banks in Southeast Asia, with total assets exceeding US$165 billion and having a net profit of US$1.75 billion for 2015.Account opening: 7-14 working days Overview: Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 45,000 empl...
Path: BanksBulgaria has a strategic location, allowing investors to access the entire EU and the markets of central and Eastern Europe. Bulgaria has a predictable and stable economy and government, and boasts the lowest corporation tax in the EU at only 10%. In order to provide brokerage services it is required to become an Investment Intermediary regulated by the Financial Supervision Commission of Bulgari...
Path: Licensing... most reputable and business-friendly jurisdictions. A company can be authorized to conduct portfolio management by a local non-governmental organization – “Association Romande des Intermédiaires Financiers” which acts on behalf of Financial Markets Authority.Overview “Association Romande des Intermédiaires Financiers” (ARIF) – a non-profit organization of a public utility who was...
Path: LicensingFor individuals and corporations seeking to enter the securities and futures markets of Hong Kong, the Securities and Futures Commission (SFC) is the gatekeeper of standards, administrating the SFO (Securities & Futures Ordinance). SFO stipulates regulated activity and provides detailed definition for each of them, Type 9 license covers the provision of a service to manage a portfolio of securiti...
Path: LicensingQuebec Corporation is an attractive entity for business establishing and setting up regional headquarters in Canada with generous tax regime for new investments, tax holidays for foreign researchers and experts and access to the North American market.Incorporation: 1 month – month and a half + delivery time for the courier Minimum paid up capital: No minimum capital requirement...
Path: Companies...equirements to file annual returns, no taxes or stamp duties, no US or IRS interference, no public records. The Seychelles IBC is commonly used for international trading operations, investments and holding purposes, leasing of vehicles or aircraft, marketing and financial activities.Incorporation: within 3 weeks + delivery time for the courier Minimum paid up capital: No minimum c...
Path: CompaniesIn Switzerland cryptocurrencies and exchanges are legal, and the country has adopted a remarkably progressive stance towards cryptocurrency regulations.Incorporation: around 3 months + delivery time for the courier Minimum paid up capital: 100,000 CHF Overview Clearly, Switzerland is not the cheapest of jurisdictions in which to establish a new business, but it does have ma...
Path: Licensing...er State Regulator and FIU. Despite of recently introduced measures on EU institutional level, our Offshorelicense team is ready to ensure that regulatory landscape is in the line with technological progress and correspond to the needs of the EU market and help our clients to obtain EMI license in such states like Lithuania and Czech Republic, or find alternative solution outside EU in Mauritiu...
Path: Blog... their client funds. The regulator indicates when the CIFs receive funds from clients, they must quickly place these funds in one or more accounts either a central bank, credit institution or Bank authorised in a third country or a qualifying money market fund. If CIFs excludes from complying with this requirement, CIFs must notify the entity, with whom the client’s account is opened, that t...
Path: Blog...edge a successful collaboration and operative final result. Expertise runs through the whole company and its representative offices fr om all around the world. Currently, more than 25 highly qualified, multilingual professionals offer international market coverage and services tailored for each client. Close communication, the commitment to provide quality services across an array of industries an...
Path: Blog...ing it a fully compliant Virtual Asset Service Provider (VASP). This is major step for the emerging global digital securities field. For the first time, digital issuances from across the world will be able to trade on an FCA authorised secondary market and institutions will have access to a credible regulated trading venue on which to engage with the digital securities space. Non-Executive ...
Path: Blog...ng up their machines full-blast ahead of the halving. However, regardless of any possible effects that the halving could have on the price of BTC, halving does present another important opportunity for BTC. T**he halving does create a phenomenal marketing opportunity and everyone already now and more people going to be hearing about BTC** even in a greater extent and this process is all over th...
Path: Blog...mes for the session, we are hoping to get it ratified," said government official. Previously RBI hostility forced many well-established local crypto exchanges to either shutter their services or move their base overseas. In the middle of the landmark court judgment, the trading volume of the Indian crypto skyrocketed. Many oversee crypto companies are also entering the Indian market lately. ...
Path: Blog...nce of tokenized assets. **It was decleared by official draft bill that main objective for these changes and adaption of legal framework to new blockchain technologies is to strengthen Germany as a business location and to increase transparency, market integrity and investor protection.** At the moment laws in Germany states that financial instruments that are classified as securities must be ...
Path: Blog...to establish a legislation in crypto industry. Crypto regulation was approved last week with a majority of 88 votes against 16 with only 3 in absentia. The country’s parliament approved the new laws recently, leading the way for the virtual asset market to be legally recognized and regulated. Minister of Finance and Economy Anila Denaj presented the draft law “On financial markets based on...
Path: Blog...olved parties under imprisonment for up to 7 years, depending on the amount of involved digital currencies and the damage to the country’s financial system. This came when major cryptocurrency exchanges including Binance were entering the Russian market, calling a progressive stance of the country’s leaders towards crypto. These suggestions were not supported by already operating crypto bus...
Path: Blog...in compliance with the law. Additional reporting requirements will be implemented specifically regarding CFD transactions, as well as standardized risk warnings and formats, which is similar to requirements introduced by the European Securities and Markets Authority (ESMA). Taking example from ESMA, and from other European regulators who have largely followed its lead, the SC has cracked down pro...
Path: Blog...on with Chinese partners to bring the inclusive answer to the public globally. Additionally, China’s president admits that RMB cannot become a reserve currency due to the communist rule in China. Flow of RMB is restricted and the Party infuses market activities. Nevertheless, RMB will probably become pre-requisite as the enterprises conducting business will be expected to pay RMB for services...
Path: Blog...will provide new opportunities for crypto-lovers in aviation industry. Hopefully, the crypto-airline collab has a strong risk management system and will handle all challenges that may arise taking into account the volatility in the digital currency market. Read our blog to keep abreast of all actual and interesting technology news.
Path: BlogCryptocurrencies have been shown to be mainstream in South Africa, with 10.7% of the country’s residents owning crypto, which is one of the highest of any country at the moment. South Africa’s cryptocurrency market has reached a point where it can no longer be ignored. At the end of the last year the South African Reserve Bank (SARB) reported that they are going to impose new regulations...
Path: Blog**Although South Korea is one of the main crypto exchange markets with exchanges holding about $1.9 billion worth of virtual currencies, there were no relevant regulations to this day.** After years of deliberations, the country has finally specified the legal framework for cryptocurrency. **The National Assembly of South Korea has passed a bill establishing a legal foundation for virtual cur...
Path: Blog**The Cyprus Securities and Exchange Commission (CySEC) has announced new national measures that restrict the distribution, sale, and marketing of contracts for difference (CFD).** New CySEC measures are largely aligned with the ESMA (European Securities and Markets Authority) restrictions for offering CFDs to retail clients. ESMA, for its part, published an opinion concluding that measures adopt...
Path: Blog.... The most recent one, Hurricane Dorian did over $7 billion in damage to the Bahamas. Such natural disasters particularly affect the financial industry which is not free from cash dependency. The cash dependency impedes the recovery process and markedly troubles the banking industry operations which leads to cash losses and bank closures. The Central Bank announced that the cryptocurrency ...
Path: Blog...d complemented from time to time. The regulator conducts surveys of brokers to gather more relevant information, therefore, changes to the compensation regime are based on the survey data. The SFC admitted that over the past 10 years, Hong Kong markets have undergone significant changes which require alterations in Investor Compensation Regime. Hong Kong markets have grown significantly. Also,...
Path: Blog...blockchain technology and development of the first state-owned cryptocurrency. He revealed that the government is ready to invest in the advancement of blockchain technology and called for the acceleration of technology development. The President remarked that digital finance, Internet of Things, intelligent manufacturing, supply chain management, digital asset trading should be the target fields ...
Path: BlogWith a huge trading volume which is about $5 trillion a day, the Foreign exchange market is still the largest financial market in the world.The uniqueness of this market is undeniable due to its geographical dispersion, accessibility, and flexibility. Traders can access the Forex market 24 hours a day, except for weekends, use different leverages to increase profit and benefit from a variety of ...
Path: Blog...r protecting the rights of the cryptocurrency traders. The smart contracts technology ensures a more secure and efficient performance of a contract and allows to execute the transaction without an intermediary. The revolutionary concept wins the market – it is envisaged that the smart contract market could reach $300 million by 2023. Moreover, the World Economic Forum forecasts that one-tenth...
Path: BlogThe foreign exchange market has existed since ancient times. Exchange systems have occurred around 8 thousand years ago and have undergone significant changes and developments before such a niche as Forex market emerged. Financial technology Forex markets were able to attain trillions in trading per day in the 21st century. Although the rapid development has been accounted for the 20th cen...
Path: Blog...ealizing that an enforcement action too early would incentivize many U.S. entities to move their businesses offshore in order to avoid regulatory oversight. One of the latest countries to enforce FATF guidance is Switzerland. The Swiss Financial Market Supervisory Authority pretty quickly implemented Travel Rule and lowered the transaction threshold for unidentified crypto exchanges from $5,000...
Path: Blog...e structured products whose upside return is a derivation of the underlying security. Certificates have a built-in stop loss, and positions are automatically closed once a predefined price level is achieved. This allows investors to get profit from market fluctuations with leverage. For instance, Turbo Short Certificates benefit from dropping prices and Turbo Long Certificates allow you to benefit...
Path: Blog...ally do is fear and panic. This causes the price to plummet. Analysts assert that when political drama is taking place in states with relatively stable economies and currencies, the effects of political events are not greatly impacting the crypto markets. International investigator and due diligence expert L. Burke Files expressed the opinion that events in countries with troubled economies coul...
Path: Blog...speed increase of client base (more than 300% annually), the growth of clients deposits (by 20 times over the three years), the expanding trading operations volume (gone up by more than 10 in three years) – all of this comes to show the OTC forex market growth. The **income tax cancellation will undoubtedly affect all market players** as well as have positive effects on jurisdiction. Belarus i...
Path: Blog...E-money Institutions authorized in the UK will lose EU Passport rights.** Hence, generally, they will not be able to provide services and establish branches in the EU Member States. It is a huge problem for all service providers operating at the EU market that consists of approximately 500 million consumers and 22 million business. Also, in no-deal Brexit, unless there are some agreements, UK ...
Path: Blog... coronavirus has been a shock to the entirety of the global economy. Every industry in the world is fighting to find ways to adapt to the new way that was thrust into reality few weeks ago. One of the most affected sectors has been global financial markets. This has also been true in the cryptocurrency industry. Everyone is aware that the crypto lending sector has gained a reputation for resil...
Path: Blog...nly way at this time for digital assets to have any kind of legal status in the Asian nation.**These will bring significant changes in the operation of crypto businesses in the country. The new crypto exchange-specific amendments add clarity to the market and introduce a number of important customer protections. According to new changes in regulation all exchanges must now keep in cold storage ...
Path: Blog...ny futures breaches. Recent warning is another reaction towards Forex broker within the CFTC’s crackdown on binary options operatives after a series of cases uncovered massive fraud in the dubious industry. This time companies like Allegra Markets, IDB Traders/Baltic Concert LLP, Capital 245, MM Financial Experts, Coinexx, Omega Crypto, Crown Finance, Omega Capitals, EagleFX, Platin CFD, ...
Path: Blog...ontracts for difference (CFDs) to retail clients, saying it was still concerned about investor protection. This came after the Australian parliament granted ASIC product intervention powers, similar to those exercised by the European Securities and Markets Authority (ESMA) in 2018. The new regulations also stipulate negative account protection by ensuring that clients are not able to lose more ...
Path: Blog...ccepting taxes in cryptocurrency from the start of next year.** From February 2021, citizens and companies based in Zug will be able to pay of their taxes in either Bitcoin (BTC) or Ether (ETH), as the two are the biggest cryptocurrencies in the market. Starting from next year this will be applicable for local citizens and companies as they will be able to tax up to CHF 100,000 (approximately U...
Path: BlogBank of Georgia is the leading bank in Georgia, with more than a third of the market share in Georgia based on total assets, total loans, total deposits and total shareholder's equity.Account opening: 7-14 working days Overview: JSC Bank of Georgia provides a range of banking products and services to corporate and individual customers in Georgia. The company operates throu...
Path: Banks... [system] is fraud-proof, we want new technical options, e.g., blockchain, to be used even more,” the three political parties commented in the document. Moreover, the suggestion made by the parties can be aligned with a recent proposal made by Mark Branson, the new Head of Federal Financial Supervisory Authority (BaFin), who said he would pursue an agenda to bolster supervision amid criticism...
Path: Blog...ies outside crypto exchanges. However, it is still unclear how the government is planning to impose such ban on a technology which is decentralized. Moreover, it is stated that the Securities and Exchange Board of India (SEBI), Indian securities market watchdog, will oversee all crypto-activities. Meanwhile, cryptocurrencies are widely spread among Indian citizens. According to data provided...
Path: Blog...in Vanuatu. Our government wants to bring the offshore industry back onshore to spur investment in the country, create jobs, stimulate further development, and support education and training,” says Martin St-Hilaire, the Chairman of the Financial Markets Association of Vanuatu (FMA Vanuatu) representing FDL holders. “We look forward to seeing financial brokers open up offices in Vanuatu and hi...
Path: Blog...e as little as a cent from crypto profits: the usual minimum income tax to file a return is INR 250,000 (around $3,345). Another rule that is being criticized by many is that the crypto traders will be not allowed to offset their losses from the market. It means crypto traders cannot offset losses from crypto trading against their other business profits. As a result of those amendments to In...
Path: Blog...being related to sanctioned businesses or private persons. Due to the financial sanctions that were taken against Russia, the country is now forced to search for alternative payment systems and methods in regard of accessing international trade market. We at Offshorelicense Ltd are closely looking out for the changes in legislation all over the globe that are taking place due to the current...
Path: BlogBank of Cyprus is the leading banking and financial services group in Cyprus, with significant market shares across all businesses.Account opening: 7-14 working days Overview: The Bank provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, lif...
Path: BanksBank’s strategy is to be a leading wealth manager, with strong investment banking capabilities. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets. Founded in 1856, Credit Suisse today has a global reach with operations in ab...
Path: Banks... The regulations are based on the standards established by the Financial Action Task Force (FATF). Most of the countries around the world have started applying the new FATF rules for digital transactions in their respective regions. The crypto market saw substantial growth in 2021 as the overall market capitalization jumped by more than 250% within the first 10 months. With rising popularity,...
Path: BlogBank of Cyprus is the leading banking and financial services group in Cyprus, with significant market shares across all businesses.Account opening: 7-14 working days Overview: The Bank provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, lif...
Path: BanksBank of Georgia is the leading bank in Georgia, with more than a third of the market share in Georgia based on total assets, total loans, total deposits and total shareholder's equity.Account opening: 7-14 working days Overview: JSC Bank of Georgia provides a range of banking products and services to corporate and individual customers in Georgia. The company operates throu...
Path: BanksBank’s strategy is to be a leading wealth manager, with strong investment banking capabilities. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets. Founded in 1856, Credit Suisse today has a global reach with operations in ab...
Path: BanksBulgaria is the best solution for applicant who prefer to direct their business to the European Union market, as well as the markets of central and Eastern Europe. The activities of Bulgarian licensed entities are supervised by Financial Supervision Commission of Bulgaria (FSC) and governed by Financial Supervision Commission Act and the MiFID Directive.Overview The Financial Supervision Commi...
Path: Licensing...ent institution may perform services such as money remittances, payment transactions, cash deposit and cash withdrawal services, and other closely related to those services. However, a payment institution may not accept deposits from unprofessional market participants and issue electronic money.Timeframe: 6-9 months from the date when the application is lodged with the Bank of Lithuania Minimum...
Path: LicensingA patent for invention is the grant of an exclusive property right to the inventor, preventing others from copying the patented product and making it enforceable against infringers. Protection of the product or process within the local market by applying for a patent is the initial first step to international protection of the invention.Timeframe 2,5-3 years (if no objections or rejections ari...
Path: Licensing...rypto-industry regulations in India. The country has a wide spread of crypto-related services & activities among its citizens, which has thinkably resulted in the spawning of several crypto exchanges, while regulatory scenario is still remaining dark. During the last few weeks, the Indian government has held a number of high-level meetings focused on cryptocurrency and its regulation. In spite...
Path: Blog...f continued. “This is good news for the industry. The UAE seems to be taking a lead in regulating this fast-moving space.” To be more precise, the regulatory framework issued by the DFSA applies to persons and/or legal entities interested in marketing, issuing, trading or holding investment tokens in and/or from the Dubai International Financial Centre (DIFC). It applies as well to authoriz...
Path: Blog...r jurisdiction. It is believed that investors are more assured to establish their business in jurisdiction where regulations have been introduced to avoid bad consequences of fraud and other manipulations. Currently Nigeria is the biggest crypto market in Africa and is considered as a crypto-hotspot. According to Google Trends, Nigeria is ranked first worldwide in Google searches for terms like...
Path: Blog...ld be ready for the changes and not be caught unprepared.” The effects of Bitcoin implementation by developing countries may positively result not only in BTC price, but also cause growth of Bitcoin users count. For example, Cryptocurrency market analyst Willy Woo wrote on Twitter that even El Salvador’s $30 BTC airdrop could bump up BTC: “Assuming all 4.5m adults in El Salvador take ...
Path: BlogRecently European Union (EU) and United States (US) brought legislative changes regarding cryptocurrency industry. New set of rules for crypto industry in EU known as the Markets in Crypto-Assets (MiCA) was introduced online. The draft was introduced by European Commission and the draft legislation purpose is to provide legal clarity around cryptocurrencies (including security tokens and stabl...
Path: Blog...ared and caused many EMIs in regulatory uncertainty. 6 AMLD, which should come into practice in December, will not be implemented in the UK. As the Financial Conduct Authority (FCA) will not be considered as a part of the European Securities and Market Authority (ESMA) post Brexit, there is not a mandatory obligation for the UK to introduce 6 AMLD principles. On the other side, Lithuania EMI...
Path: Blog...itted to the correct Trade Repository (TR) and/or Approved Reporting Mechanism (ARM). At the moment there are no indications that Brexit deal will be concluded. Despite the result of transaction period, companies are required to handle European Market Infrastructure Regulation (EMIR), Markets in Financial Instruments Regulation (MiFIR) and Securities Financing Transactions Regulation (SFTR) re...
Path: Blog...ose a correlation between Bitcoin and gold as safe asset to invest. Both assets are suitable as the crypto asset and the gold are used as a macro guarantee against inflation, and the devaluation of fiat currency and traditional equities in unstable markets. As the Bitcoin boom continues, it could overtake gold as a safe-haven asset. Nevertheless, evidence could be vague and show shifting standa...
Path: Blog...hould regulate the cryptocurrency industry, and the investor protection and preventing money laundering are particular concerns. The proposed legislation covers aspects like custody, know-your-customer requirements, anti-money laundering rules, and market manipulation, some of the key concerns for the crypto industry. Main objective with new regulatory framework is to create successful environ...
Path: Blog...ional Monetary Fund. President Nayib Bukele’s is known for his love of technology is expecting that the new law will bring financial inclusion, investments, tourism, innovations and economic development to their country. Moreover, a former marketing executive, has suggested bitcoin could make it easier for Salvadorans living abroad to send home the remittances which amounted to $6bn in 20...
Path: Blog**Two of worlds global economic giants, Japan and South Africa, are to set new crypto regulations in the scope of recent activities and scandals within the cryptocurrency market.** **Japan works on both regulatory and diplomatic levels to introduce Crypto Regulations.** In terms of introducing crypto regulations, Financial Services Agency (FSA), Japan’s financial watchdog, has recently e...
Path: Blog...ns that Mauritius has returned as one of the most attractive jurisdictions for those who wish to try themselves in financial services business, and we are delighted to offer our professional services for those seeking entry to the Mauritius company market. You shall feel free to contact us to find out more on services that we are offering.
Path: Blog...stead of a simple exchange of the written communication between the case officer and the applicant firm, very often the FCA conducts interviews on a case-by-case basis to assess the key personnel more accurately. The standards to which the FCA benchmarks the applicant will become higher because of a more intensive assessment and greater scrutiny of the applicant’s financial and business models, ...
Path: Blog...ing the Curacao online gambling sector clearly reflects the global trend towards tightening the regulations of the gambling industry in general and the online sector in particular. Given the general trend towards a safer and more regulated gambling market, a full-scale reform of the island's gambling regulations was only a matter of time. It remains an open question as for what these reforms may ...
Path: Blog...ll be considered as FSA’s efforts to track cryptocurrency developments. Japan has always been considered as a pioneer in cryptocurrency adoption and legislation development, as some of the first crypto-exchanges were established here and led the market in Bitcoin trading for some years already. **Hacks Led to Strict Rules** After the massive attack on the Japanese leading crypto exchange,...
Path: Blog... Exchange Commission (SEC) is setting up a new authority in order to study Crypto Investments** **Main purpose of the freshly-formed division is crypto investments aspects assessment in order to develop new regulation.** SEC, Nigerian financial market regulator, has set up a fintech division to study all crypto-related investments and products to assess the feasibility of establishing a regula...
Path: Blog**Due to BBC reports, the first week that Bitcoin has been a legal tender in El Salvador resulted in technical problems, protest and cryptocurrency’s sharp fall in market value.** On Tuesday, September the 7th, the price of Bitcoin fell from USD 52,000 per coin to USD 43,000, reaching its lowest mark in almost a month. As a result of a cryptocurrency daily usage blurry start one of the poore...
Path: Blog...and traded electronically; • Does not qualified either as fiat currency or as any of the instruments termed as Financial Instrument Tokens (FIT), which qualify as financial instruments under the Investment Services and Activities and Regulated Markets aw, transposing MiFID II and E-Money Tokens (EMT), which qualify as Electronic Money under the Electronic Money Law, transposing EMD. **Belo...
Path: Blog...ing issues in Estonia. Since last year, Estonia has been tightening its checks on crypto companies by launching licenses cancelation campaigns. The country itself came under the spotlight of money laundering accusations after Danske Bank, the Denmark’s biggest lender, was charged of watching $230 billion through a tiny Estonian branch. Furthermore, northern Baltic country was among the first ...
Path: BlogThe number of ‘stablecoin’ projects has increased markedly since the last year. The idea behind the ‘stablecoin’ projects is to minimize the volatility in cryptocurrency’s valuation by fixing the ‘stablecoin’ to currencies, commodities, securities or, real estate. In this connection, the Swiss Financial Market Supervisory Authority (FINMA) has provided the guidelines bringing to lig...
Path: Blog...payment sector by pushing instant, secure and frictionless payments closer to customers, business and public bodies. The primary goal of the organization is to make Europe a global leader in digital payments, thus completing the Digital Single Market. The EDPIA emphasis role through constructive dialogue with policymakers and other stakeholders that determine Europe's payments landscape. It b...
Path: Blog...hat actually people are wanting to be paid in crypto. Such demand represented a cultural change. Some people would rather deal with their wealth in that medium."* Crypto enthusiasts around the world welcomed this announcement on social media and marked it as another crucial step toward a globally crypto integration. Read our blog to keep abreast of all actual and interesting crypto news.
Path: Blog...dly gaining popularity all over the world, therefore, aiming to be Fintech 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 Kon...
Path: Blog...new rules and bringing jurisdiction’s economy to a higher grade. Wondering where to relocate your business or how to start a new one? **Offsorelicense Ltd** consultants are ready to help you not only with current situation on the international market, but also supply you with valid forecasts of tendencies and changes in various jurisdictions.
Path: Blog...guilla. 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 not think that offshoring is illegal: professional approach allows you to make everything in a legal sco...
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...ltar treat **virtual currencies**? First, 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. * -Infor...
Path: Blog...teria that make owners relocate? Protecting assets, cutting taxes, optimizing expenses: these are only few financial reasons, but enough to start thinking of this. Also, you get anonymity while acting in foreign country, access to new undiscovered markets and incredible possibilities of investments. [![british_virgin_silands_bc_formation.png](https://www.offshorelicense.com/storage/app/upl...
Path: Blog...exemption relates to debt instruments and for any other instruments having the original maturity not less than 7 years. Moreover, the debt instrument scheme might be expanded shortly. For now, only instruments lodged and cleared by the Central Moneymarkets Unit of the Hong Kong Monetary Authority are eligible. The new Budget states that the list will be extended with the debt securities listed on ...
Path: BlogUsing **artificial intelligence** is gaining popularity in developed economies as a tool to **prevent market abuse.** Last week, global market players - **Japan Exchange Regulation (JPX-R)** and **Tokyo Stock Exchange, Inc. (TSE)**, went public about adding **AI Solutions** to market supervision tools. In this case, usage of AI implies creating and developing surveillance systems for the trad...
Path: BlogThe President of the People’s Republic of China and the People's Bank of China announced their intentions to open up China’s financial markets to promote foreign competition. For now, foreign ownership is limited for banks and asset management companies. Within a few months **the foreign ownership cap will be removed**. These changes will open the market to foreign investors and banks, givin...
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... Sovereign Wealth Fund**. Main task of this authority is performing investments on behalf of the emirate. Lately, Sheikh Hamed bin Zayed Al Nahyan, the Fund’s Managing Director, announced that the authority is going to enter the Abu Dhabi Global Market (ADGM). **The ADGM is the low-tax financial services hub in Abu Dhabi**. In the UAE this hub is the leading financial center and it creates a...
Path: Blog...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 maintain their position between other jurisdictions. This index is updated according to every change in economic or poli...
Path: Blog... 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. Analyze the market and its tendencies.** Due to the increased interest in online gambling games, every online Gaming category has now the biggest players. Dunde...
Path: Blog... meantime, the Innovative Technology Arrangements and Services Bill would establish the regulatory regime that the MDIA would enforce in the nearest future. The Virtual Financial Asset Bill will create a legal frame for the virtual financial assets market and the Malta Financial Services Authority will be the responsible government body for the oversight. **Malta is creating an absolutely new l...
Path: Blog...proaches to investors protection in Japan and Europe are absolutely different. European brokers pay a lot of attention to the professional skills of their clients, the other aspects like age, gender remains untouched. While European Securities and Markets Authority (ESMA) banned certain products and imposed restriction on leverage, the **Japanese government has focused on the needs and profiles o...
Path: Blog...n ICO project**, i.e. aspects that, among other things, should be inspected. First of all, you should (I) check the team, their previous projects and LinkedIn profiles; (II) learn every aspect of the project’s whitepaper such as monetization, marketing strategy, scaling, etc.; (III) analyze the legal nature of your potential token (IV); consult with legal and financial advisors regarding you...
Path: BlogRecently it was announced that **Spanish National Security Market Commission (CNMV)** and several financial institutions, including BNP Paribas, Commerzbank, Banco Santander, Caixa Bank, during the entire previous year have been collaborating on a **blockchain project called Fast Track Listing (FLT)**, which is based on distributed ledger technology. The main purpose of the collaboration is to...
Path: Blog... is a great progress in legitimizing crypto investments and provisions of related services to public in a trustworthy way. Last month, the exchange announced that it intends to purchase three companies: (I) Keystone Capital Corp., (II) Venovate Marketplace and (III) Digital Wealth LLC – as means of becoming a regulated platform for offering trading services in security tokens, as well as to ...
Path: Blog..., 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 market will give opportunities to foreigner...
Path: Blog...s to store news item’s “contextual metadata” on a blockchain, including when and where a photo or video was shot, who took it and information regarding how it was edited and published. The primary idea of the project is to develop a set of markings which can remain with published media anywhere the material is displayed, including in social media, group chats, and search results. The N...
Path: Blog...o 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 of lawyers were rel...
Path: Blog...age restrictions or quantity of directors. Some company structures require minimum number of shareholders too. It is important to know the details because they are different depending on the country. You, as an entrepreneur should understand the market you are working with. Choosing jurisdiction depends on language requirements of your clients and time zone of your target audience. Offshore jur...
Path: Blog...*record-filing system** replaces the former examination and approval procedures by the **Ministry of Commerce (MOFCOM)**. The new system will be used for the establishment of **Foreign-Invested Enterprises (FIE)** which does not involve the special market entry management measures prescribed by the State. On October 8, 2016, to implement the amendments in the above legislations the MOFCOM issu...
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 also list legal entity as director or shareholder. After you register company in Malaysia there are other things to be considered before starting business completely. Directors and shareholders’ meetings can be held all over the world but marketing office is limited to allowed cities. It is important to check the list before renting a suitable office. Good news is that when establishing ...
Path: Blog...y 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 business always leads to success!
Path: Blog...axes already over two decades. This applies on international operations only and you will need to obtain the license and pay domestic taxes to use internal business opportunities in Vanuatu. However, for companies that operate only on international market, this offshore jurisdiction is a reasonable decision. For some business founders, it is a surprising fact that setting up company in Vanuatu wi...
Path: Blog...sional service for assistance. 2. Product promotion. After positive image of your company has been created, it is time to start promoting your products individually. Customer shall be aware of everything you offer and products specifications. Market research is the most important stage of promoting your products. Sometimes you need to change a single detail and it will lead to a significant ...
Path: Blog...is possibility distinguishes international investments fr om domestic. When some countries restrict foreign investments for its citizens, offshore jurisdictions mostly support international accounts. You, as an investor, receive access to different markets, businesses and exchanges. Considering offshore gives you an access to rapidly growing markets which are not targeted by investors yet. Talk...
Path: Blog*It is not a secret that nowadays brands, trademarks and other visual attributes are very important for a successful company. It is hard to imagine world’s top companies without its special branding. However, not every entrepreneur knows that branding is more than a bright logo and a catchy name or slogan. Having company’s philosophy that connects with customer on emotional level is much more...
Path: Blog...has increased by more than USD 450 billion. For both, **registered funds** and **master funds**, increase reached 67%. Within two years, Monetary Authority observed a net capital outflow. At the same time, it stabilized in 2016 because of the labor market strengthening and increase of interest rates. It is important to mention that people who really invest in funds have now more experience and ...
Path: Blog...owever, these entities have issues with trading outside free zones and need to establish a local agent company. On the contrary, offshore entities are allowed to trade outside the UAE and need to obtain special licenses and permissions to go on the market. To decide which zone to choose it is better to consult with an analyst or offshore specialist. Different Emirates’ free zones will suit fo...
Path: Blog...es have nearly opposite approaches to the new technologies. Before starting your own business, it is important to analyze every aspect of the legal regulations in a chosen country. **Offshorelicense Ltd** is the company, which will lead you through dark and obscure labyrinths of strange legislation and **explain how to start the company within the most efficient zone.**
Path: Blog...d banned Bitcoin exchanges. The reason for this ban is the government’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 happ...
Path: Blog...sactions regularly, it is not a good idea. It supports 18 currencies at the moment and also all internal transactions are free: you pay if you withdraw the money or if you are a merchant. The last hero in the list of QR code-based mobile payment markets is China **UnionPay** (CUP). This payment service was established after the previously mentioned ones and they decided to pursue all customer n...
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...ased in the Shanghai Free-Trade Zone. During the five years outlined in the development plan, the goal is to increase the number by promoting and attracting the new international companies. • The government also plans to create an innovative park for e-commerce, shopping and mailing services. The main idea is to develop the trading industry that is already one of the strongest in China. ...
Path: Blog...rage services**? In China, there is a special profession as introducing brokers. They are a formal bridge between Chinese closed economy and international investors and entrepreneurs. This might become an only way to work with the Chinese financial market if the service bans will not stop. Western brokerage services will be able to work further inside the Chinese borders but businessmen should ...
Path: Blog...ans. Unfortunately, it is not a panacea and most **FX services are in danger** now. If the financial regulator goes on with the new URL bans, this means full shut down and an official rejection of the international trading platforms. The Chinese market has never been easy to access due to the Great Firewall of China. However, many residents were eager to use offshore services as well as FX and ...
Path: Blog...we’ll look at why cryptocurrency is the future of electronic cash systems. Why it should become the most widely-used type of payment–and how this could impact the future of the global economy. We’ll also discuss why the Bitcoin dip and other market factors present both challenges and opportunities. **Consumer Benefits of Cryptocurrency** Since the beginning of the 21st century, commer...
Path: Blog...ts. Space services Professional address – A prestigious building to be used as the business address. A professional address alleviates the privacy and personal security concerns of running a home-based business. You can expand into new markets by utilizing a provider with multiple locations to establish a professional presence in the desired growth markets. Mailing address – The p...
Path: Additional... 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 now been converted to the increased value of crypto coins and the addition of shops that credit virtual currency as pay...
Path: BlogThe Financial Conduct Authority (FCA) has recently published concluding statement with regards to caps on leverage, marketing restrictions, and mandatory risk warnings of contracts for difference (CFDs) and CFD-like options sold to retail clients. The British regulator announced that its rules will be permanent. It is worth noting, that aforesaid regulations, that will be introduced next month...
Path: Blog...ped a platform with a wide-range of data insight, that covers trading trends for derivatives.** According to their press release, presumably this platform will allow OKEx users to see real-time data on the exchange’s futures and perpetual swap markets for nine major tokens, including the top cryptocurrencies BTC, ETH and XRP. In addition to the above, the platform offers to its users six ...
Path: Blog...e imposed restrictions are a result of the regulator's concerns about the loses that Australian retail investors have received and will continue to receive from binary options and CFDs. In the sense of CFDs, much like the European Securities and Markets Authority (ESMA), Australian Securities and Investments Commission (ASIC) has suggested several restrictions, in particular enforcing leverage ...
Path: Blog...at machine learning techniques are very effective at finding transactions that are illicit. Sometimes, the software was able to find patterns that would be difficult to describe yet still matched with known entities, based on pre-existing data from darknet markets, ransomware attacks and other criminal investigations."* The above-mentioned company made the same dataset public with the purpose o...
Path: Blog...ect company traded $100 with 100:1 leverage, the reported amount would be $10,000. Brokers will also have to diversify between trades that were concluded on behalf of their clients and any trading they did on their own account. At the same time, market makers must report their activity within the client trading section and leave the other section blank in order to avoid double registration. ...
Path: BlogThe UK's Financial Conduct Authority (FCA) is putting forward restrictions on the sale, marketing and distribution of derivatives such as CFDs, options and futures, as well as exchange-traded notes (ETNs) linked to "unregulated transferable cryptoassets".The aforesaid restrictions shall apply to all retail consumers and firms operating or based within the country. The regulator describes these a...
Path: Blog... In July 2018, the **FCA enforced a temporary ban on trading binary options for the retail segment. As was expected, this restriction will now remain permanent in force.** This decision, adopted by the regulator, did not come as a big surprise to market participants. The FCA’s rules, in general, are the same as the European Securities and Markets Authority’s (ESMA) temporary restrictions ...
Path: Blog.... **Product intervention powers will affect the financial products offered to the retail sector and are likely to be implemented at the beginning of 2021.** The ASIC is now empowered to contemplate what kind of restrictions it will impose on the market participants. The changes caused by the new regulatory framework are similar to those already adopted in the EU, Japan, and the US. Taking in...
Path: Blog...ticular, experienced in AML staff members responsible for transaction monitoring and internal compliance staff with sufficient experience in AML. Whereas certain people may consider unidentified trading as a special feature of the cryptocurrency market, in particular cases it may also enable questionable business practices and criminal or terrorist activity. A lot of such platforms require just...
Path: Blog...risdiction. **Additional attention to European clients** According to the data which the ASIC has requested from brokers and the reporting period, it seems that the regulator is seeking to understand how ESMA’s regulation affected the local market. The brokers are also required to disclose to the regulator how many clients were transferred from overseas entities between January 2018 and Ma...
Path: BlogWe hasten to inform that **Malaysia’s SC (Securities Commission) recently has commenced regulation of ICOs and crypto exchanges**. New legislation (Capital Markets and Services Order) entered into force on Tuesday, January 15. The new prescription order means that ICOs and exchanges would require additional confirmation from the SC prior to commencement of operations and would have to compl...
Path: BlogSaudi Arabia is the newest regulatory destination in the Middle East region. The fast-growing and fast-evolving marketplace in the Middle East region is getting even more attractive with emergence of new regulatory jurisdictions. Saudi Arabia is one of the most populous countries in the area, with the population reaching 32 million as of 2017, the country is a lucrative destination for forex...
Path: Blog**The Securities and Futures Commission (SFC) in collaboration with the Hong Kong Monetary Authority (HMA) have issued a joint consultation proposal in regards to regulations of over-the-counter (OTC) derivatives market in Hong Kong.** The consultation paper is purposed to strengthen the regulation of the OTC market. In particular, the paper consists of various recommendations related to sup...
Path: Blog...me year, three of the world’s most disruptive startups on the Disrupt 100 list (curated by the likes of Microsoft Ventures, IBM curate, and Sky News) came from Australia, recognized as having the power to “influence, change or create new global markets.” There are also plenty of international companies with a foothold down-under. The likes of HP and Microsoft both with innovation centers ...
Path: Blog...e Federal Assembly of Russia, is scheduling to adopt in the course of the year. The Central Bank and counterparts around the globe are evaluating possible solutions for this case within the framework of the international committee on payment and market systems. Elvira Nabiullina stated: *"As for mutual settlements, we will consider, of course, your proposal on what cryptocurrency is tied ...
Path: Blog**German Federal Financial Supervisory Authority (BaFin) has restated that sale, distribution and marketing of binary options to retail customers will remain prohibited in the country.** BaFin, in response to the expiry of ESMA's (European Securities and Markets Authority) temporary measure, has announced its own prohibition measures. German regulator stated that permanent ban would be in forc...
Path: Blog... of April, one more license was issued. And as you may already understand, the HKMA granted another four licenses this Thursday. Of course we would require some time to realize what exact products those licensees are planning to introduce to the HK market. A statement issued by the HKMA points out that it takes from half a year to nine months for digital banking companies to establish and maint...
Path: Blog...rthermore, some Hong Kong brokers are also allowing affiliates in Mainland China to promote their services. In some cases that has led these affiliates to attach an SFC logo to their websites and promo materials. The companies are maintaining or marketing forex margin trading or similar services to Mainland clients or assisting other persons to provide or market them to Mainland customers shoul...
Path: Blog... to be entirely prohibited. RISK-BASED APPROACH Proposed by CySEC approach will be directly related to the level of knowledge and risk awareness of retail clients. Each retail clients must be classified by the brokers within a specific target market – either ‘positive’ or ‘negative.’ Retail clients who won’t be classified as any of the above categories shall remain in the ‘g...
Path: Blog...t the proposals. In July last year, the SEC for the second time has rejected brothers Winklevoss’ proposal to list a bitcoin ETF on the Bats BZX Exchange. The SEC’s decision, at the time, was based on the funds inability to prevent fraud and market manipulation. Analyzing this situation, Roll Call Jackson said that was an easy case but the risk of manipulation along with harm to investors w...
Path: Blog...tside the scope of FCA, except in cases when they meet the definition of electronic money and fall within a new category of e-money tokens. The FCA stated: *"Any token that is not a security token, or an e-money token is unregulated. However, market participants should note certain activities that use tokens may nevertheless be regulated, for example, when used to facilitate regulated paymen...
Path: Blog...only encourage speculation. Recent increase of interest in and analysis of Japan crypto space is also tied to a hack of the Coincheck exchange in January, which resulted in around $533 million in cryptocurrencies equivalent being stolen. Many market observers are considering crypto ETFs as a means to bring institutional capital into crypto segment, nevertheless, not all agree with this idea....
Path: Blog...base initiated the application process to become a fully regulated broker dealer in accordance with U.S. legislation. They have taken these measures in order to able to offer more crypto-related services such as OTC, margin, crypto trading, and new market data products. Read our blog to keep abreast of all interesting and actual crypto news.
Path: Blog... this, the regulator, presumably, means these entities will have a clearer understanding of how they should go about adhering to the regulator’s rules. Demetra Kalogerou, Chair of the CySEC, said: *“The establishment of the Innovation Hub marks an important and exciting step for CySEC’s supervision of new and innovative Fintech companies in Cyprus. In promoting closer ties with these f...
Path: Blog**The Swiss Financial Market Supervisory Authority FINMA has launched enforcement proceedings against envion AG.** After raising over $100 million from investors, envion AG’s ICO became the second major ICO that has sparked controversy in Switzerland. FINMA stated that **envion AG may have violated financial market law in relation to Initial Coin Offering** (ICO). Therefore, FINMA launched ...
Path: Blog... created bond-i** (blockchain operated new debt instrument), the world’s first bond to be created, assigned, transferred and administered through its life cycle using distributed ledger technology (blockchain). The bond raised AU$110 million, marking the first time that investors have supported the World Bank’s development activities in a transaction that is fully managed using the blockch...
Path: Blog...ge of digital assets and accredit the exchange of digital assets, the Mauritius’ Financial Services Commission (MFSC) will announce two new licensable activities, specifically: 1. **Custodian of Digital Assets License**; 2. **Digital Asset Marketplace License**. The MFSC will adopt the guidelines for investment in cryptocurrencies as digital assets. Appropriate cyber security measures,...
Path: Blog... around for years. Who doesn’t like a gift for doing a little online shopping? And while the model hasn’t changed that much, the founders are hoping that the increasing popularity of cryptocurrencies will continue to attract new customers. **Market > sell > earn commission**. The formula is the same, except that each time you shop at one of Lolli’s partner sites, they take a cut from the ...
Path: Blog...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 now been converted to the increased value of crypto coins and the addition of shops that credit virtual currency as pay...
Path: Blog... tools which assist financial professionals in servicing their customers, or client-oriented tools, which are also known as robo-advisers. **Digital consultants based in Singapore will have to be certified for fund management, dealing in capital markets products and/or providing financial advisory services under the respective Acts.**The type of license directly depends on the operating model o...
Path: Blog...ocuments are then verifiable at any time without the need of a trusted third-party. Let’s take a moment to examine this unique platform and how it came to dominate the blockchain data verification sector. Connecticut-based Tierion entered the market in 2015 and is led by Wayne Vaughan and Jason Bukowski. Its exceptional growth was largely due to following a different strategy than its compet...
Path: BlogThe cryptocurrency market has caught attention of many, from brokers wishing to make some quick earnings, to high skilled professionals who have extended experience in the classical capital market. Therefore, it was rather expected when initial coin offerings (ICO’s) accumulated more funds in the first three months of 2018 than during the entire 2017. Nowadays we hear a lot of different inf...
Path: Blog... PBoC, some of the companies are not issuing tokens in public to raise funds instantly, but are giving away free tokens while at the same time reserving a part of the total supply, with a goal to rise prices by means of speculation in the secondary markets, so they can get profit. According to the bank report, 65 ICOs were completed up until July 18, 2017, while only five were launched before 2...
Path: Blog...l of low-value trinkets, and one-third full of high-value items. Eventually, fees for moving the trinkets out of the vault could end up being more than the value of the trinkets themselves. **A Possible Solution?** It was blockchain developer Mark Erhardt who first proposed how to optimize the Bitcoin coin selection algorithm. Although, it was Andrew Chow who implemented the update. Erhardt ...
Path: Blog...for the crown in the Mediterranean — and currently is in the lead. Just like Gibraltar, Malta is creating a framework for crypto companies with modern legislation. This year the former Chinese crypto exchange Binance, the world’s largest market for cryptocurrencies, moved to Malta. Jointly with the exchange and some other big players, the first decentralized bank is now opened in Malta....
Path: Blog**FINMA (Switzerland’s Financial Market Supervisory Authority) has recently announced a new fintech license**, with moderate conditions, that is appropriate to blockchain and cryptocurrency-based companies. On 3rd December, 2018 the regulator stated that the new regulation will grant recognized “innovative financial companies” the ability to accept public deposits of up to 100 million Sw...
Path: Blog... is monumental and most complete in the world. It is internationally accepted and respected amongst lawyers, judges, and corporations who use these court judgments for both guidance and predictability. 4. ADVANCED LEGISLATION Delaware has a remarkably complex legislative structure. It unites those who have a strong theoretical base and understands corporate law best with those who work with ...
Path: Blog...livery. The press release states the CFTC expects that the information received will benefit its FinTech initiative (LabCFTC), and assist to shape the Commission’s knowledge of these crypto-technology. The CFT will start to monitor Ethereum market along with any derivatives markets related to cryptocurrency. The CFT said: *“The input from this request will advance the CFTC’s miss...
Path: Blog...nt. The last year also gave us a chance to analyze and develop an optimal work scheme that allows us to bring business processes to the brand new level. For the past few years we have been working diligently on expanding our services to different markets and Asia is on the list.
Path: Blog...s (FSP) license must be registered within New Zealand as this option is not available for foreign legal entities. An applicant for the New Zealand Financial Service Provider’s license is required to file respective application to the Financial Markets Authority or FMA. Under current regulations, representatives of the FMA shall conduct an inspection of the registered place of business in o...
Path: Licensing...s (including e-gaming), tourism and maritime activities.The companies of Gibraltar can also be thankful for the ease of business account opening. Some other convenient features that allows the country to stand out on international market are: The exempt certificate that gives 25 years guarantee of exemption from taxes in Gibraltar; The only EU finance centre exempt from v...
Path: Accounting...olders. FSP license allows a licensee to perform the following key financial activities: Portfolio Management on behalf of third parties Provision of credit under a credit contract Foreign currency exchange Recently, the Financial Markets Authority or FMA and the Registrar of Companies have implemented New significant requirements for a licensee to have a mandatory local office a...
Path: Licensing...ent changes (in 2016) in the legislation resulted in increase of entry requirements for newcomers. For example, license fees were increased and new reporting requirements introduced. Thus, this allows to highlight companies intending to stay on the market and provide high quality services. This will further increase the reputation of the country. Additional Government Fees upon Receipt of the L...
Path: Licensing... the world. It is a significant jurisdiction for international tax planning. This country is known worldwide as a jurisdiction with a standard level of taxation.Description The country is thriving towards efficient and effective capital markets; therefore, it is important to them to have greater transparency in corporate framework which includes reliable and informative reporting. Ther...
Path: Accounting...ocal applications; Assistance with drafting any other related materials, e.g. descriptions, claims, abstracts; Translations of the documents into local languages; Carrying out a patent search; Preparation of documents for international trademark registration; Filing application for obtaining an international patent on the basis of POA. *Fee corresponds only to 1 application...
Path: Licensing...Comparative examination; Successful registration. Benefits Industrial design rights are territorial, so they are limited to the country or region where protection has been granted. It is advised to obtain a protection within each market you are interested in as there may not be such an opportunity later on due to the design being already disclosed to the public. We advise to sta...
Path: Licensing... remains unclear for most potential investors. Although, there is no specific regulation on ICOs, the Estonian Financial Supervisory Authority (EFSA) is of opinion that tokens may be considered as securities in the context of the current Securities Market Act (SMA) as well as in the Law of Obligations Act (LOA). The EFSA explains that tokens, which grant certain rights in the issuer’s company or...
Path: Licensing...and operational needs in Czech National Bank. CNB acts as a supervisor of payment institutions and electronic money institutions, deciding on registration and license applications’ admissibility. Benefits Convenient access to European market Opportunity to employ personnel from outside Czech Republic (the number of foreign employees should not exceed number of local (Czech) employe...
Path: Licensing...t has one of the lowest Corporate Income Tax rates in the European Union.Description Bulgaria is favorable to companies not only because of the convenient tax regime, but also of low costs of doing business and great access to different markets. The Bulgarian Accountancy Act requires that financial statements of those entities meeting certain criteria be audited by a regist...
Path: Accounting...tage of the assets under management. Self-management companies have a minimum capital requirement of EUR 300,000.00. Overview UCITS are designed for retail investors, and benefit from the European Passport, enabling them to be freely marketable throughout the EU countries with a minimum of formalities. The European passport allows a UCITS to be sold to all types of investor...
Path: Licensing... tools available. There is no minimum subscription amount by investors. A Cyprus UCITS can be set-up either as a Common Fund (CF) or as a Variable Capital Investment Company (VCIC). The Key benefits of a Cyprus UCITS fund are: can be marketed to any type of investor, including retail investors full EU Passporting rights, allowing UCITS to be marketed and sold in other EU member st...
Path: Licensing... Minimum paid capital: EUR 50 000 (it is advised to have 2-10% above the minimum; additional requirements may be set by the regulator) License application fee: EUR 40 000 Czech Republic Benefits Convenient access to European market; Time of completion – 6-9 months; May employ personnel from outside Czech Republic (must not outnumber Czech personnel). Notable diff...
Path: Licensing... proof of residential address (ex. utility bill that is not older than 3 months) Detailed description of the games offered Detailed business plan Details about the software utilized and TST (or similar) report if available Geographic/target market Declaration of owners that they have blocked access to the services for minors and information of problem gambling in the website Servers ne...
Path: Licensing...services.Incorporation & obtaining license: within 6 months Minimum paid up capital: is set on case-by-case basis Overview The Gibraltar online gambling license enables any company to freely enter the European market with their business, to develop it, and also to forge partnerships with new major partners. Some benefits of Online Gambling License in Gibra...
Path: Licensing...PLC with both entities owning sizeable banking operations in Madagascar, Kenya, Tanzania and Rwanda. Undeniably, it is one of the few banks in Mauritius to have a tangible presence in Africa and is strategically positioned to benefit from the local market insight and the vast market potential of the continent. It aims to offer the Mauritius advantage to clients looking to invest or establish a foo...
Path: Banks...gime as it has one of the lowest Corporate Income Tax rates in the European Union.Description Bulgaria is favorable to companies not only of the favorable tax regime, but also of low costs of doing business and great access to different markets. Due to its locations Bulgaria provides a direct access to European Union, Turkey, CIS, Middle East and North African markets. Bulgarian acco...
Path: Accounting... Minimum paid capital: EUR 125 000 (it is advised to have 2-10% above the minimum; additional requirements may be set by the regulator) License application fee: EUR 50 000 Czech Republic Benefits Convenient access to European market; Time of completion – 6-9 months; May employ personnel from outside Czech Republic (must not outnumber Czech personnel); May benefit fro...
Path: Licensing...ompany’s establishment, depending on the documents provided Minimum paid capital: EUR 80,000.00 (it is advised to have 2-10% above the minimum) License application fee: EUR 40,000.00 Benefits Convenient access to European market Time of completion – 6-9 months May employ personnel from outside Czech Republic (must not outnumber Czech personnel) Notable differe...
Path: Licensing...: EUR 4,000.00 + 19% VAT Overview The financial services regulatory body in Cyprus is the 'Cyprus Securities and Exchange Commission' (CySEC).Being a member of the EU, Cyprus is in full compliance and duly harmonized with the EU Markets in Financial Instruments Directive(MiFID) There are two types of licenses in Cyprus applicable for forex and usually the companies are known...
Path: Licensing...nches across the region.Account opening: 7-14 working days Overview: As the fifth largest banking group in ASEAN, CIMB Bank has around 39,000 staff in 15 countries across ASEAN, Asia and beyond. CIMB Investment Bank provides market-leading conventional and Islamic financial advice for a tailored delivery of banking solutions to our clients. The company has a structured and ...
Path: Banks...PLC with both entities owning sizeable banking operations in Madagascar, Kenya, Tanzania and Rwanda. Undeniably, it is one of the few banks in Mauritius to have a tangible presence in Africa and is strategically positioned to benefit from the local market insight and the vast market potential of the continent. It aims to offer the Mauritius advantage to clients looking to invest or establish a foo...
Path: Banks... Overview: Bank Alpinum (BA) is independent private bank with AAA- rating from Standard&Poors for its debt-free national budget. The country’s economy is well diversified and Liechtenstein has been one of the best and most secure marketplaces of the world for many decades. Its stability and unique confidentiality combined with BA’s high quality banking services makes BA one of...
Path: Banks...ortunities under the jurisdiction of St. Vincent and the Grenadines, characterised by robust asset protection and some of the strongest global confidentiality laws. St. Vincent and the Grenadines holds an international reputation in the offshore market, built on the back of its introduction of the Preservation of Confidential Relationships (International Finance) Act 1996. It is widely consider...
Path: Companies...rce and high average life expectancy of 71 years. Antigua and Barbuda is a beneficiary of the U.S. Caribbean Basin Initiative that grants duty-free entry into the United States for many goods. It is a member of the Caribbean Community and Common Market (CARICOM) and the CARICOM Single Market and Economy (CSME). Antigua is also a member of World Trade Organization (WTO), WIPO, UNCTAD and m...
Path: Companies...s Act was adopted, implementing further improvements in the BVI offshore corporate legislation which is already considered to be favourable. The new BVI Business Companies Act removes any distinctions between the companies operating in the domestic market and companies restricted only to international business, and joins them into one unified type of company – a BVI Business Company (BVI BC). Th...
Path: Companies...s advanced company registration facilities for non us residents (offshore LLC). It is located on the East Coast of the United States between New York City and Washington D.C.. The geographical position represents a real advantage in terms of export markets due to its close location to the sea and main highways. Delaware's fastest growth sector in recent years has been in the financial sector an...
Path: Companies... be considered in good standing and for their name to be retained on the register maintained by the Companies registry. Double taxation agreements concluded with: Austria, Armenia, Bulgaria, Belarus, Belgium, Canada, China, the Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Kyrgyzstan, Lebanon, Malta, Mauritius, Moldova, Montenegro, Norway, Qatar...
Path: Companies...s + delivery time for the courier Minimum share capital: EUR 2500 Overview Estonia is is a small Eastern European country located in the Baltic Sea Region, having a well-developed connection links with Russia, Nordic markets such as Finland and Sweden as well as with its Baltic neighbours Latvia and Lithuania. Being the European Union member state, Estonia enjoys hi...
Path: Companies...um paid up capital: No requirements, usually EUR 100 Overview Ireland is a well-reputed jurisdiction, attracting foreign investors with its stable and modern economy, good investment climate, and the access to both EU and global markets. The local business and legal environment provides the ease of doing business, focusing on high-tech industries, trade, and investment. Irish c...
Path: Companies...onths) in English Original or notarized copy of Bank reference (of each Shareholder, Director, Beneficial Owner, Authorized Signatory) Signed CV (of each Director and Shareholder) Business information (products/ services to be offered, target markets, planned turnover, etc.) N.B. If Shareholders and/or directors are legal persons, then it is required to submit full set of apostill...
Path: Companies...C2) regime. An “Authorised Company” is a company conducting its business activities, as well as holding its effective management, outside of Mauritius. This type of company would be a great solution to carry on international trading, invoicing, marketing, Consultancy services, logistics, IT Services and so on. Advantages of Global Business License Company Category 2 (GBL 2) in...
Path: Companies... Minimum shared capital: EUR 2500 Overview Modern financial infrastructure and favorable legislation makes Lithuania one of the most attractive places to investment managers targeting single European financial market. Lithuania has benefited from EUR180 million per year of European Union (EU) assistance and development funds since joining the EU in 2004. T...
Path: Companies...innovative way to the development of the banking and financial sector through bold initiatives, such as the launching of the first mortgage loan with a 10 year period, in the early 2000s, an initiative that led to the creation of the local mortgage market.Payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or conta...
Path: Banks...innovative way to the development of the banking and financial sector through bold initiatives, such as the launching of the first mortgage loan with a 10 year period, in the early 2000s, an initiative that led to the creation of the local mortgage market.Payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus please visit bank’s website or...
Path: Banks...s products and services in the Czech Republic in the area of building savings, insurance and leasing.Account opening: 7-14 working days Overview: According to total assets over CZK 300 billion, the bank is 5th largest in the market. Raiffeisenbank serves clients at more than 120 branches and business client centres throughout Czech Republic. The bank also provides services ...
Path: Banks...nches across the region.Account opening: 7-14 working days Overview: As the fifth largest banking group in ASEAN, CIMB Bank has around 39,000 staff in 15 countries across ASEAN, Asia and beyond. CIMB Investment Bank provides market-leading conventional and Islamic financial advice for a tailored delivery of banking solutions to our clients. The company has a structured and ...
Path: Banks...p laws for domiciled assets Highest ranking nation for civil liberties and political rights by the World Bank Home to approximately one third of the world’s top 100 banks – and easily accessible to international financing and global capital markets Account relationship requirements Clients are expected to maintain a minimum of USD 300,000 (or equivalent) in investments and/or cash with...
Path: Banks...s products and services in the Czech Republic in the area of building savings, insurance and leasing.Account opening: 7-14 working days Overview: According to total assets over CZK 300 billion, the bank is 5th largest in the market. Raiffeisenbank serves clients at more than 120 branches and business client centres throughout Czech Republic. The bank also provides services ...
Path: Banks... Overview: Bank Alpinum (BA) is independent private bank with AAA- rating from Standard&Poors for its debt-free national budget. The country’s economy is well diversified and Liechtenstein has been one of the best and most secure marketplaces of the world for many decades. Its stability and unique confidentiality combined with BA’s high quality banking services makes BA one of...
Path: Banks... work in time to help your business succeed. FAB seeks to drive trade and investments between the thriving and resource-hungry Asian economies and the resource-rich African continent. They aim to do this by forging trade links, building market liquidity, establishing banking services and providing financing and investment funds to targeted sectors of Africa, Asia and the Middle East. ...
Path: Banks... work in time to help your business succeed. FAB seeks to drive trade and investments between the thriving and resource-hungry Asian economies and the resource-rich African continent. They aim to do this by forging trade links, building market liquidity, establishing banking services and providing financing and investment funds to targeted sectors of Africa, Asia and the Middle East. ...
Path: Banks...of full-reserve banking. Euro Pacific takes a unique approach to banking by maintaining a 100% ratio of reserves to deposits. This full-reserve structure has become a driving force behind the Bank’s growth and client retention as global financial markets have become increasingly unstable.Payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus ple...
Path: Banks...of full-reserve banking. Euro Pacific takes a unique approach to banking by maintaining a 100% ratio of reserves to deposits. This full-reserve structure has become a driving force behind the Bank’s growth and client retention as global financial markets have become increasingly unstable.Payment processing options MasterCard, Visa N.B. Bank may change its tariffs at any time thus ple...
Path: Banks... Overview: Boslil Bank Limited (Boslil) is an international bank dedicated to providing some of the world's best financial products and services. Among the products clients can access are multicurrency accounts, demand deposits, money market accounts, sweep accounts, term deposit accounts and credit cards. As one of the Caribbean's pristine offshore jurisdictions, Saint L...
Path: Banks... Overview: Boslil Bank Limited (Boslil) is an international bank dedicated to providing some of the world's best financial products and services. Among the products clients can access are multicurrency accounts, demand deposits, money market accounts, sweep accounts, term deposit accounts and credit cards. As one of the Caribbean's pristine offshore jurisdictions, Saint L...
Path: Banks...wned bank with well-established diversified franchise, successful footprint of mass corporate segment and solid positions in retail banking. Alfa Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody se...
Path: Banks...wned bank with well-established diversified franchise, successful footprint of mass corporate segment and solid positions in retail banking. Alfa Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody se...
Path: BanksCIM Bank is a leading Swiss Private Bank based in Geneva, Lugano and Wollerau.Account opening: 14-18 working days Overview: CIM Bank works under the authorisation of FINMA, the Swiss Financial Market Supervisory Authority, and is a member of the Swiss Exchange and of the Swiss Bankers Association (SBA). CIM Bank is well known and has been proudly rewarded for t...
Path: BanksCIM Bank is a leading Swiss Private Bank based in Geneva, Lugano and Wollerau.Account opening: 14-18 working days Overview: CIM Bank works under the authorisation of FINMA, the Swiss Financial Market Supervisory Authority, and is a member of the Swiss Exchange and of the Swiss Bankers Association (SBA). CIM Bank is well known and has been proudly rewarded for t...
Path: Banks...p laws for domiciled assets Highest ranking nation for civil liberties and political rights by the World Bank Home to approximately one third of the world’s top 100 banks – and easily accessible to international financing and global capital markets Account relationship requirements Clients are expected to maintain a minimum of USD 300,000 (or equivalent) in investments and/or cash with...
Path: Banks...rally known as Holland is located in the western part of Europe. It is bordered by the North Sea in the north and west and its land boundary is shared with Belgium and Germany in the south and to the east respectively. The Netherlands has a free-market economy and is one of the richest nations in the world. Dutch prosperity has always been based on international trade and industry. The country ...
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