As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
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An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
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+1 (888) 647 05 40In accordance with the law regulating the money market, any person or legal entity operating money services is obliged to become approved by the HK Custοms and Εxcise Department. Such regulation is backed by the AML/CTF Ordinance. According to this law, mοney service also encompasses exchanging and remitting services. Running business operations without having an approval is treated as an offense. Accordingly, MSO shall only carry out operations once the HK Customs and Εxcise office has issued a money service operators license in Hong Kong. Generally, this authorization is valid for two years; further, it is subject to renewal if the owner considers continuing its operation.
MSO in Hong Kong refers to actions for exchanging currency units that are run as a firm, however, do not encompass those services that is incidental to the core operation.
In this relation, remitting funds means the delivery of one or more of the below-mentioned services that is run in HK jurisdiction as a business:
To acquire a permission to operate, an applicant is obliged to meet the following obligations:
Alongside this main documentation, the applicant may be obliged to send other papers to regulators to clarify certain aspects of the firm, for instance, an overview of intended actions or profit projections.
After the procession is over and clarifications from the applicant are in place, the regulator will arrange a meeting to verify the provided data and payment records. At this stage of receiving approval, the business owner will be asked to sign the official request for the issuance of a license.
The issued authorization will contain such peculiarities of the business as:
Please contact us to get more information.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.