As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
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1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
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This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
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An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
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+1 (888) 647 05 40Operators in Britain, whose purpose is to provide users with gambling services, must obtain a gambling license in the UK – permission to conduct such a business.
It is issued by the British Commission, which controls the sphere of gambling. The organization issues warnings to unlicensed operators who give access to games to UK citizens, as it is an offense by law.
To legalize the status, an application is submitted to the commission for consideration. An officially certified consent may apply not only to one game, but also to a complex of casinos, bets, lotteries.
If fewer than three people are involved in the gambling business, then they pass the Annex A form and enjoy the benefits of a small business team. Although most often they are not licensed by the commission as small-scale. A separate license is required for spending over EUR50 thousand per year for software development.
Payment for the service for granting an activity permit is carried out immediately after the application is filed. Further, every year within a month after the issuance of the license, another fee is paid. Primarily, the commission examines people who take part in business for a criminal record.
Applicant operators must provide a well-developed business plan, which will indicate the estimated turnover of money and ways of financing the operator. Everything is required in order for the commission to make sure that the applicant does not go broke and the users’ finances are not at risk. Also, the plan should indicate where the equipment will be located.
The license is issued on average after 4-8 weeks from the filing of the application. Although the preparation of a competent application itself also takes a lot of time. After receiving the application, the organization undertakes to follow all the conditions and warn about any facts that relate to changes in the composition of the company and information about the owners.
Safety checks are carried out annually.
Eternity Law International will provide the necessary legal support. The company has been working in the gambling market for a long time and has vast experience in this area. Free consultation of professionals, general recommendations for doing business, sale of gambling licenses are services that the company’s employees provide without problems.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.