News | Page 138

The possibility of getting a license allowing working in the field of rendering payment services in a particular jurisdiction has recently attracted more and more interest. In particular, this also applies to Singapore. However, as a rule, there is no available and clearly marked information regarding the licensing procedure in the Singapore jurisdiction. Below are…

Namibia is a financial center of Africa, which has stable and democratic governance, loyal administration and great foundation on which the organizations can be further established. The Namibian government provides good conditions for domestic and foreign investments to encourage monetary development, prevent joblessness, and develop the economy. Namibia invites foreign investors foreign investors to its…

Regardless of involvement, you’d be unable to have not known about MetaTrader, or MetaQuotes Software. Set up in 2000, MetaQuotes Software Corp. is one of the main designers of programming applications for businesses, banks and trades. Most of representatives across the globe utilize this product, giving customers the chance to exchange on honor winning stages,…

An Initial Coin Offering (ICO), also called an Initial Token Offering (ITO), is a common crowdsale mechanism (collectively collaborating to pool financial resources to invest in a project) by selling crypto coins or tokens in exchange for virtual money (usually bitcoin or ether) or fiat currency. Early investors usually buy coins or tokens in the…

AG company (public limited company), registered in Zurich, Switzerland; Year of company incorporation: 2018; Company has bank account in Switzerland in Credit Suisse Bank; Declared company activity: provision of services in the field of information technology, in particular the development and sale of software. Providing consulting services in the field of finance, management, blockchain and…

In a time to come for most jurisdictions the term of filing the tax return for 2020 year is very close. If one of the parties of the business chain is a representative of the Czech jurisdiction, then it may be necessary to provide a document that would confirm the tax residence of the legal…

Luxembourg is the main funding investment place on the planet after the United States with solid standing as a global asset community, and takes into account a wide range of aggregate investment vehicles, covering the entirety of the essential asset systems on the planet after the United States. The Reserved Alternative Investment Fund (RAIF) is…

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…