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On the basis on a current legal framework regulating financial sector, all money services businesses in the USA are obliged to get registered with the US treasury and finance department and obtain a US MSB license, unless the service provider acts solely as a middle person of a MSB. In this regard, governmental agencies and…

As the forecasts that experts made regarding how IT business transactions would be carried out, they became flexible and mobile tools for clients and investors. The IT business itself offers many opportunities for entrepreneurs. In particular, these are: the ability to serve customers completely remotely, that is, the location of the client does not matter;…

Slovakia has status of convenient and easiest EU jurisdiction to start and run commercial activities. Starting a business in Slovakia has become of interest to entrepreneurs relatively recently, and reason for this was the simplification of procedure for getting residence permission and visa. It’s a great platform to start your own organization. At the moment,…

Investing in Polish commercial projects is becoming more and more popular among foreign capital holders – this is one of suitable places for such deals to progress in Central Europe. When it comes to flexible immigration law and favorable tax breaks in European countries, Poland becomes an excellent jurisdiction where investors, entrepreneurs and firms’ owners…

Today, leading gamble operators consider Africa as a jurisdiction for expansion of their activities. With a booming economy and growing loyalty to betting, gambling licenses in Africa give many promising opportunities for investors. Below, we will consider key trends in gaming sphere and tax measures in the country. General description of I-Gaming market in Africa…

Recently, quite a lot of Fintech projects have appeared in Ukraine; they are working to assist in optimizing and simplifying procedures for financial services. Company with financial license in this state is a profitable option even for beginners. The activities of FinTech startups are aimed at discovering commerciality problem areas and creating their own developments…

The sector of DLT has been determined by the enthusiasm around smart contracts – programs that operate on the blοckchain. Primarily related to a decentralised, distributed ledger just like Eth, they allow to creation of decentralised apps that reshape all kinds of goods without applying for middlemen. The use cases for hybrid smart contracts (below…

E-money is a digital form of cash which within the European Union is deemed the value in currency, recorded and maintained on an e-medium. E-money is provided by an EMI upon receipt of funds from clients in the amount not less than the provided monetary value and is deemed as a form of payments by other…

Contrary to common ones, smart contracts operate on blockchain-based technologies, denoting that there is no demand for a middleman to execute programmed algorithms. Allowing to avoid expensive court systems, smart contracts are much more affordable, so more P2P operations can be administrated by contractual mechanisms rather than trust deals. This is one of the main…

It is expected that hybrid smart contracts will reshape the world by completely restructuring the legit and regulatory mechanisms that we are now utilizing. Smart contracts are self-executing programs, written in HTML and stored in shared, immutable ledgers. These programs that run if predetermined terms are satisfied are excellent at transferring funds, and doing simplified…

Recently,NTFs have got highly popular to become the latest digital cοllectibles in nowadays entertainment, sport, arts, and gambling sectors. NFTs are best explained as a type of virtual asset kept on a blοckchain presenting οwnership of a digitalized product. The main characteristic that differentiates NFTs from other tokens is that it denotes a unique, non-replaceable, and non-replicable…

The system of cash flow forms the framework of the reformed business income tax system in Latvia. When dividends, conditional dividends, or payments that are equal to dividend payments are made, a Latvian corporation must pay CIT. As a result, a Latvian business is exempt from deducting CIT from its yearly earnings until any of…