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In Cypriot jurisdiction, highly popular mechanisms for investors are firms dealing with finances. Here, a local financial institution principally engaged in holding, managing and investing securities (shortly, CIF) falls under mandatory supervision executed by CySΕC. This is enforceable in line with terms stipulated by Law 87(I)/2017 referring the delivery of services in terms of investing,…

New Zealand is a preferable business center for FSPs (financial services providers), since it features many benefits over other countries, ensuring low operational expenses and confidence to clients on board. To conduct its activity, New Zealand FSP is obliged to apply for official permission for operation. Main peculiarities of FSP Registration The status of New…

It is commonly considered that by buying an existing AFS license, a businessperson can pretty easily and quickly rush into the sector of finances. Whilst this concept does have some merit, there are many risks and obligations many prospective purchasers may not be aware of. As well, the legit and regulative obligations for applying for…

In 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…

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…