Until recently, any crypto-currencies were not listed on these islands, but in light of the rapid development of the crypto-industry around the world, now this jurisdiction has become one of the most promising and popular places for obtaining a crypto-license. Below we will look at the main aspects of crypto-regulation and the procedure for obtaining…
In the dynamic monetary field of Singapore, achieving an Electronic Money Institution (EMI) permission is a pivotal step for enterprises aiming to operate in the digital payments sector. This comprehensive article explores the intricacies of acquiring an EMI permission in Singapore, including the adjustment substructure, application process, operational conditions, and strategic considerations for accordance and…
Malaysia is one of the first countries to introduce cryptographic regulation policies. Under such policy, crypto-currencies are classified as securities, and according to Minister of Finance, the Malaysian governmental authorities believe that crypto-currencies and blockchain-technologies have tremendous potential to stimulate economic progress. It is believed that digital assets and their underlying blockchain technology can help…
The Dubai Worldwide Financial Centre (DIFC) is a pivotal hub for global finance in the Middle East, providing a sophisticated and business-friendly circumstances designed to facilitate growth and invention in the economic sector. As one of the world’s premier monetary free zones, DIFC supplies a unique adjustment and legal substructure, attracting a broad array of…
Overview An Australian Financial Services License (AFSL) licensed company for sale, established in 2004 and holding a credit license, is available for sale. This company is authorized to conduct comprehensive financial services and is perfectly suited for immediate operational commencement. Company Details Registration Year: 2004 Bank Account: Maintained with St. George Bank Support: Assistance with…
Overview This Securities Dealer licensed company for sale in Seychelles and registered in 2023, is currently available for sale. It operates under full compliance with local regulations, presenting a clean and streamlined opportunity for immediate operational takeover. Company Details Location: Seychelles Registration Year: 2023 License Type: Securities Dealer License Staffing and Infrastructure Staff Composition: The…
This is a new investment opportunity – AFSL license in Australia for sale. Please check out the main details regarding this proposal below. AFSL license in Australia for sale: key considerations Active company licensed by Australian Securities & Investments Commission (ASIC) in 2023; Allowed activities (financial product advice, deal in a financial product, custodial or…
Corporate Overview Establishment Year: 2018 Capital Structure: CHF 100,000 Licensing: Licensed as a Portfolio management company in Geneva for sale by FINMA in 2022; previously operated under SRO status. Business Operations of Portfolio management company in Switzerland for sale Core Activities: Specializes in providing financial advice and asset management services. Additional Capabilities: Authorized to establish…
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The Lesser Antilles includes many small land areas surrounded by the waters of the Atlantic Ocean and the Caribbean Sea.
One of these many islets is Barbados, located in the eastern part of the archipelago. I’m joining the island’s neighbors in the Grenadines, Saint Lucia, Tobago, Martinique and others.
The political status of the island is a constitutional monarchy. Barbados is ruled by the Queen of Great Britain. That is why the official language of this region is English.
But local residents resist the language approved at the legislative level, therefore, a dialect called “bhajan” is very often found on the island.
The founding law that governs the activities and the creation of new organizations in Barbados is the Companies Act, signed in 1982.
On the island, investors have the opportunity to open firms of the following legal forms:
The most popular option for doing business is considered the first. In the case of international trade or production, the enterprise is automatically awarded the status of an International Business Company.
The conditions for obtaining this form of activity are activities on the island to provide services or transport products to countries that are not members of the Caribbean Community.
Mandatory entrepreneurs must pay income tax, which depends on capital: up to 10 thousand local currency – 2.5%, from 10 to 20 thousand – 2%, from 20 to 30 thousand – 1.5%, more than 30 thousand – 1%.
If a company of this form is registered on the island, it has the right to pay tax fees only from local profits.
Stamp duty, payments that are transferred to non-residents of the state or other interbank lending companies, customs duty on import of goods for their development are not subject to taxation.
The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.