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If a company provides services in financial field, it must obtain a MSO – Money Service Operator license, which is issued by the Department of Customs Duties and Excise (CCE). This license required in accordance with the provisions of the Anti-Money Laundering and Terrorist Financing Ordinance, Chapter 615 of the Hong Kong Code of Laws…

To enter the Forex market, a specialist necessarily needs a Forex broker license. It is impossible to work legally without this document. Our article is devoted to an overview of the demanded jurisdictions and the rules applied there. Our main question can be formulated as follows: where is it more profitable to get a Forex…

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,…

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 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…

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…

Antigua is an island nation in the Caribbean. Recently, this jurisdiction has become very attractive for foreign capital owners, since it offers a fairly simple procedure for registering companies, combined with the highest degree of protection of the funds of the founders and data on the owners. Antigua is an example of a classic offshore…

The Canadian jurisdiction is attractive to foreign investors in that it has created the most flexible conditions for registering companies and has not introduced prohibitions on cooperation with representatives of other countries. Today, a particularly popular commercial area in Canada is the online business. The country is completely open for creating and selling Internet startups,…