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Payment service providers or PSPs are one of the most important elements of the virtual payment transaction mechanism in general. Thanks to the existence of such companies, users can pay for goods on the Internet, accept money transfers and send funds, pay for various services, and so on. This is already firmly entrenched in our…

In this article, we are going to look into the Monetary Authority of Singapore’s regulation of the Digital Payment Token Service Providers activities. Key provisions: Legislative Basis: Payment Services Act (PSA) 2019, MAS Notice PSN02, Consultation Paper on a New Omnibus Act for the Financial Sector. Financial regulator: Monetary Authority of the Singapore (MAS). FIU:…

Nauru is the smallest autonomous republic in the world. It is an insular country outside Europe. For entrepreneurs, Nauru is of particular interest, since in this jurisdiction it is possible to register an offshore company, which means a complete absence of tax charges. Organizational forms for companies in Nauru An offshore company in Nauru is…

South Africa is a jurisdiction that contributes to bringing business to the international level in the shortest possible time and offers favorable conditions for optimizing the tax burden. In this country, it is profitable to conduct a business related to the export and import of goods, since there is no tax duty on capital increases,…

Namibia is considered one of the richest and most influential countries in the African continent. That is why many foreign entrepreneurs strive to set up businesses there. Organizational forms for businesses in Namibia You can register a commercial structure in Namibia in one of the following forms: a company with limited liability of its participants…

Liberia is located in Western Africa. Recently, this jurisdiction has become more popular among foreign entrepreneurs. Liberia is a member of all international organizations, in particular the UN, WHO and IMF. Foreign investors see the country as a place to build a successful company respected in international markets. Among the benefits of incorporating a business…

Ecuador is often used by foreign investors to optimize the tax system. In this country, the rates for tax duties are quite low: VAT is 12%, and income tax is maximum 30% – which is the lower threshold in Sweden. However, Ecuador is not offshore. The fiscal field of this jurisdiction is maximally favorable for…

The Chilean Republic is one of the richest, most developed and promising countries in South America. Moreover, it is a stable state with a low level of corruption. Organizational forms for business in Chile For commercial foreign enterprises, the following legal forms are most convenient: LTD. The society includes 2-50 members. Partners are responsible, which…

The Uruguayan authorities are trying in every possible way to help attract foreign investment and interest foreign partners. For this, very convenient conditions have been created in the jurisdiction. The key benefits of incorporating a firm in Uruguay are as follows: liberal tax system; the country’s government is extremely welcoming; the principle of maintaining bank…

Caicos and Turks are islands located in the Atlantic Ocean. This territory attracts foreign investors as it is an offshore zone. Benefits and advantages of registering a company in Turks and Caicos A firm on the islands is completely tax exempt. High level of confidentiality of information about shareholders and directors. Possibility to use the…

Peru is a fairly popular area for foreign investors, since it is distinguished by a special loyalty to capital owners who want to invest in commercial structures on the territory of the state. For non-residents, Peru offers several of the following forms of business. Commercial firm with limited liability of its members. This is a…

Recently, Curacao deserves more and more attention as a country where it is profitable to start doing business and create a promising company there. Among the main advantages of this jurisdiction are the following: the country is trying to attract foreign investors to its pennies by modernizing the legal framework and introducing new benefits; stability…