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Malta is at the forefront of e-commerce regulation being one of the first of the EU countries that allowed standalone e-money institutions. This business model is considered to be very efficient since certain amendments to the regulatory regime have been made (for example, decrease of start-up capital to establish an EMI). An E-Money Institution (“EMI”)…

Electronic money institution gives ability to proffer numerous types of financial range services in a wider manner compared to payment establishments operating with paying processing. If EMI got license in one of the EU states, that has a membership in the Union, it opens the way to offer services in rest of the European Union…

This Policy sets forth certain rules regarding the use of blockchain in government transactions that apply to Dubai government authorities, blockchain networks and the private sector. Scope of application This Policy applies to those government authorities in Dubai that want to form a new blockchain network, actively use the blockchain, or become part of an…

IFD and IFR introduced a new system designed to classify investment firms. This system is based on the activities of such companies, on their size, systemic importance in the overall structure and group partnerships. Therefore, the capital adequacy requirements of CIF will be based on the class of the investment company. The following four categories…

The videochat industry is growing rapidly. For many entrepreneurs wishing to open a business in this industry, the actual question is how and where to register such a company. Romania is the world leader in the videochat market, with a regulated videochat activity. In this article, we will analyze the main aspects of a webcam…

PSD2 directive. What is it? PSD2 – Payment Services Directive 2015/2366 is the second payment services directive to replace the first 2007/64 / EC. The Directive on payment services in the internal market was adopted on 25 November 2015 by the European Parliament and the Council. Its provisions are aimed at harmonizing relations in the…

There are many problems that can arise for accountants in practice, and for which accounting standards have not been adopted today. Cryptocurrencies are one example of such difficulties. Due to the fact that at the moment there has not been developed and adopted a common standard according to which accountants could know how to account…

On Tuesday 11 May 2021, the Cyprus National Competent Authority (NCA) CySEC, after conducting a series of advisory events and under the direction of the European Banking Authority (EBA), published Law 98 (I)/2021 regarding the capital adequacy of investment firms and new capital requirements for Cyprus Investment Firms. This law transposes the provisions of Directive…

Rare and unique opportunity! Since 2014 (7 years). Two bank accounts in: (1) Commerzbank AG, (2) Deutsche Bank. Company type: GmbH (LLC). Available for fast purchase. The company has been previously operating its activities but nowadays stays dormant with active accounts kept and maintained. Buying this EU company with history gives you the following benefits:…

The re-domiciliation of companies in the Marshall Islands is a pressing issue. You should not close your offshore company if it no longer brings you income, but, on the contrary, has become a source of additional problems. You will be able to use the company for many more years and make a profit. All you…

Family lawyer. Considering such a topic as family law, we can say that this is a rather complex branch in jurisprudence. For almost every person, the family and its traditions occupy the main place in life. True, there are often situations when good relations break down, and family members have to solve such problems as,…

If you have ever faced with question “What is CIF structure?”  you know that they have special organizational structure and features that make them different from another companies and individually described. In this article, we would like to get you acquainted with Cyprus distinctive traits. What is CIF (Cyprus Investment Firms) structure? First of all…