The developer of MetaTrader platforms has updated the list of documents required to access the White Label program. Many companies that do not have such a tool as their own software, turn to the platforms of leading technology providers in the Forex market, such as MetaQuotes Software, through White Label. Recently, MetaQuotes Software, the creator…
Switzerland is widely known for its stability, strong economy, making it a popular choice for businesses and international companies. However, setting up a business in Switzerland interests navigating a unique lawful framework. This article explores the peculiarities of the enterprise signup process in Switzerland, focusing on potential challenges and offering insights into overcoming them. 1….
Austria, a central European country known for its rich cultural heritage and economic stability, offers an attractive environment for enterprises. However, understanding the commercial tax system in Austria is crucial for any company looking to operate in the country. This article provides a comprehensive overview of commercial-taxes in Austria, detailing the tax rates, the tax…
In today’s world, where online gamble sphere is becoming more and more important, it is important to understand that the legality and security of your business directly depend on the license. One of these licenses is the gambling permit issued in Tobique – Malecete First Nation in New Brunswick, Canada. It’s a unique area bordering…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
This is a new investment opportunity – FSP license in New Zealand for sale. Please check out the main details regarding this proposal below. FSP license in New Zealand: key considerations Financial Services Provider (FSP) for sale in New Zealand; Registered with Financial Service Providers Register in 2024; Authorizations (changing foreign currency, issuing or managing…
Key Features of this Forex Broker Company: Company Structure: Composed of both Bulgarian and offshore entities. Established Brand: The company has been operating for 9 years with a solid reputation in the market. Complete Infrastructure: Ready Made Forex Broker Company includes a website, secure client area (SCA), trading platform, and mobile applications. Trading Options: Leverage…
South Africa FSP License Bank Account: Includes one local bank account. Personnel: Local director and Key Individual (KI) available to stay post-sale. Transfer Timeline: Quick transfer—1 week for CIPC, 3 weeks for FSCA. Mauritius Full Service Dealer License Bank Accounts: Corporate and client accounts at MauBank. Capital Requirement: €24,000 Total Investment: €227,800 (inclusive of setup…
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+1 (888) 647 05 40In 2014, when virtual currencies began to be used in Philippines, Bangko Sentral made a statement that these funds were not subject to any regulation by the authorities. At that time, crypto-currencies were defined type of money that had no guarantees and was not issued by the Central Bank, and which could be used to pay for real services and goods. Today, entrepreneurs can obtain such an official document as a crypto license in Philippines and develop their deals in this direction.
Any firm carrying out fiat-to-crypto exchange and vice versa can obtain cryptocurrency License in Philippines. On exchange, people can convert, cash out and perform some other operations with crypto assets.
Certification of such a company is performed in two stages.
In frame of first stage of getting VASP license in Philippines, applicant must submit the following:
If the applicant does not pass the verification at the first step, he/she receives a corresponding refusal notification from Bangko Sentral. If application for licenses for cryptocurrencies in Philippines is approved, next package of documentation will need to be sent to complete the certification process:
Holders of VASP licenses in the Philippines must have a minimum capital of fifty mln pounds. Registration fee is 100 thousand.
Philippines VASP license also claims organizations to commit to protecting consumer privacy and ensuring that the platforms and mechanisms implemented are safe to use. Fees and commissions for using these platforms should be made known to customers, as well as the risks that may arise when dealing with virtual assets.
Getting a cryptocurrency license and launching business in Philippines may be associated with a number of nuances regarding regulative framework of state. Results of ignorance regarding this or that aspect may be a refusal to issue a license. To avoid unpleasant consequences, contact our team. We’ll help you choose a ready-made licensed structure and give you full assistance at every stage of the transaction. Our experts have vast experience in this field and are ready to share it with you.
Please contact us to get more information.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.