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Please carefully study the tax aspects in your jurisdiction before buying an offshore company in one of the island jurisdictions. Let’s take a closer look at the tax aspects associated with owning and operating an offshore company. Offshore companies are usually incorporated in two forms: International Business Company (IBC) and Limited Liability Company (“LLC”). In…

What do you know about merchant accounts? We all know that a merchant account is a legal agreement between a merchant – a merchant and a processor. It exists in the form of a dedicated bank account that allows you to accept and process financial transactions made by your customers using debit or credit cards….

In connection with the changes made to licensing in Vanuatu. The following changes must be implemented to obtain a forex broker license / renew a forex broker license in Vanuatu: APPLICATIONS FOR FINANCIAL LICENSES FOR VANUATU All applications for a Principal License must be submitted with an application for a Representative License. It is no…

For the latest information on this topic, we invite you to familiarize yourself with our new research on Brexit, business and law. First, a disclaimer: there is a wealth of information on the possible effects of Brexit – too extensive to be comprehensively covered in this article. So instead, we’ve outlined common concerns in several…

To date, at our request to the FKTK – Financial and Capital Market Commission, we have received the official opinion of the Latvian regulator on the activities of cryptocurrencies in Latvia: The emission and use of this type of financial instruments such as cryptocurrencies, in particular bitcoin, is not regulated in any way. Therefore neither…

Many developed countries are taking a confident course towards deoffshorization, because of the fight against tax evasion by large companies It is impossible to completely ban offshore companies. Therefore governments are actively working to identify the real owners of offshore companies. They also tighten control over financial transactions. For the implementation of the Fourth Anti-Money Laundering…

Golden Visa Spain with an investment of € 500,000 Spain launched its Golden Visa program in 2013. An investment of € 500,000 in real estate is a requirement for obtaining a residence in Spain for the whole family. The Spanish investor visa can be renewed every two years. After five years you have the right…

Most recently, Companies House, the register of companies in the UK, published its business plan for 2017-18, as well as a strategic development plan for the period 2017-2020 and a press release outlining additional anti-money laundering measures. The article also identified some changes to the Persons in Significant Control (PSC) regime, which will take effect…

Acquiring is the reception funds by the bank. The mechanism is the same for both debit and credit cards. Responsible for the procedure is the so-called processing company or the payment is done through a merchant account. Processing company is a collection of servers owned by the organization and conducting transactions. Please note that the…

A merchant account is a needed option for many entrepreneurs, but not everyone is aware of what it represents. This account enables customers to pay for goods and services directly on the website of the company. To transfer funds using banking cards. Particularly relevant the opening of accounts will be for organizations, leading their activities…

A merchant account is a specific account that allows you to make payments for goods and services directly on the website of the company. The organization that has registered the merchant receives its own identification code, which helps to allocate it among a huge number of enterprises on the entire planet. This code is present…