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Digital banks: source of profit or cause of loss? In the era of innovative technologies, the so-called “digital banks” have become very widespread in the world. These are platforms that do not have their own branches in the traditional sense – offices with employees, cash desks, ATMs and terminals. The emergence and development of such…

The British Virgin Islands (hereinafter “BVI”) ranks second in the world in terms of the number of active investment funds. It is rapidly gaining popularity as a jurisdiction for the creation of offshore investment funds. Benefits of investment funds in the BVI 1.No taxation. There is no taxation in the BVI, that is paid by…

TYPES OF PUBLIC FUNDS According to SIBA, there are four categories of Open Funds: Professional foundation; Private foundation; Public fund; Recognized foreign foundation. Professional foundation Their statutory documents state: the fund’s main interest goes only to “professional investors”; the initial investment of each investor in the fund (other than “exempt investors”) must be at least…

WHAT IS A BLIND TRUST AND HOW DOES IT WORK? A “blind trust” is a fiduciary agreement in which the beneficiary of the trust is not allowed to control, manage, or even know about the assets within the trust. In such cases, the designated trustee has complete freedom to manage the blind trust. It is…

In this article, we will look at the main differences between high and low risk merchant accounts, as well as determine what role chargebacks play in determining risk. KEY FEATURES OF LOW RISK MERCHANT: Your average monthly sales are less than $ 20,000. Your average credit card transaction is less than $ 500. You only…

In order to protect financial assets from risks of various natures, including political and commercial, as well as to eliminate claims for capital by family members, offshore trusts and funds are organized. With the help of them, you can ensure that business transactions are protected from infringement of profits by your family. Features of the…

Many entrepreneurs who have their own business find it convenient to use trusts (a prime example is trusts in Belize). And, of course, I would like to have as little cost as possible for their design and maintenance. There is a way out – it is enough to establish a trust in Belize, because it…

Cryptocurrency in Australia is developing every year. There are more and more miners, so the government has come to grips with the issue of regulating this currency. The act that regulates cryptocurrency-related activities throughout Australia is called the Corporations Act. It was created back in 2001 and is known in the world as the ASIC-based…

Obtaining a gambling license in Austria In order for a business (regardless of type) to be considered legitimate, a permit must be obtained in the form of a license when registering it. Obtaining a gambling license in Austria is a prerequisite for conducting activities related to gambling. This is a basic requirement for all types…

The governments of many states are quite controversial about cryptocurrencies, so the control of cryptocurrencies in Europe is quite strict. This is primarily due to the unstable political and economic situation, as well as attempts to operate with cryptocurrency in illegal transactions with funds, financing terrorism. How to find out about all the changes in…

The ban on gambling on the territory of the CIS countries forced to look for options for operating online casino activities outside the CIS countries. Belgium became one of the most attractive countries in the gaming industry. In order to operate a casino you need  registration of a legal entity and also a license. A…

On April 3 of this year, on the official website of AUSTRAC (Australian Transaction Reporting and Analytical Center), information appeared about amending the Anti-Money Laundering (AML) and Counter-Terrorism Financing Act (CTFA) rules.  It changes the functioning of cryptocurrency exchanges in the country. According to the innovations, the exchange must comply with the requirements, including: obligatory…