In the world of virtual assets, the legislative sphere can often be complicated and ever-changing. For crypto financiers looking to expand their functions, apprehending local legislations is paramount. This region, with its strong monetary sector and business-friendly environment, has become a promising place for tokenized ventures, suggesting a strategic hub for commercials searching for a…
With the expanding popularity of e-cryptocurrencies, this direction has become one of the prime locations for establishing fund vehicles. Digital holdings are maturing into a crucial part of both conventional and specialised portfolios. In 2021, one-third of conventional fund vehicles ventured in digital holdings, and two-thirds planned to amplify their ventures in 2022. Notably, this…
This type of licence is increasingly relevant as this region becomes a hub for e-currency operations. To obtain VASP licence in Argentina is essential for operating legally within Argentina’s growing crypto market, offering multiple benefits from regulatory support to potential tax incentives. Advantages of VASP Licence Demands for receiving this type of licence The submission…
The Swiss Financial Market Supervisory Authority (FINMA) is the cornerstone of economic regulation in Switzerland, a country known globally for its robust economic services sector. As an independent establishment, FINMA plays a critical role in maintaining the integrity, stability, and reputation of Switzerland’s economic markets. This article delves into the history, structure, functions, and significance…
An established and fully operational group specializing in the forex brokerage industry is now available for acquisition. This group includes multiple entities with financial licenses, a comprehensive online presence, and a complete infrastructure supporting marketing, sales, and customer service. The structure offers investors a turnkey solution with an extensive global reach. Key Details of Forex…
The Ready-Made company with AISP License holds an EU AISP (Account Information Service Provider) license issued by the Danish Financial Supervisory Authority, enabling it to provide account information services across the EU. EU Passporting: The license allows for passporting to all EU member states, providing extensive opportunities for expansion across Europe. Bank Account: The Company…
Overview EMI License in Georgia This company, licensed by the National Bank of Georgia since 2015, is a well-established provider in Georgia’s financial services market, known for a broad range of innovative payment solutions and extensive reach across the country. Key Services E-Money Issuing: Reliable electronic money issuance services. Multi-Currency E-Wallet & Account: Efficient fund…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
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+1 (888) 647 05 40When planning to set up offshore banking establishments dealing with crypto-currencies, managing capital of investors or functioning as a simple transactional institution, it is necessary to carefully study list of offshore countries being profitable for launching such a firm. Offshore licenses for banks are official certificates allowing these institutions to offer various services to customers who are located abroad. Thus, the banks will be able to serve non-resident firms and individuals with a certain amount of funds. Below we’ll get closer to TOP 5 best offshore jurisdictions for banking licenses.
Institutions established and officially approved in Caymans may serve customers from all over the world, except for the Cayman Islands. It provides great privacy, which is strictly controlled by normative acts on Confidential Relations (CPLR), Banking and Trusts. It’s a serious offense to disclose personal data protected by professional secrecy. Access to data is granted only if a serious crime is being investigated, and only to the police.
It is worth noting that the Caymans signed the Treaty of Mutual Assistance with America in 1986, which implies exchange of data in crimes. However, data related to taxes is not distributed.
Local establishments functioning in this field are given quite simple licensing norms.
To get such permits, it’s mandatory to follow all norms and rules set by regulators in terms of internal structural organization and financial stability. Applicants need to provide a business-plan for several years ahead and a forecast showing establishment’s liquidity. This is necessary for carrying out all planned deals and ability to fulfill all the obligations of such establishment.
Banks need to possess at least two directors, one of whom is a resident. It’s mandatory to hire a local agent and rent premises for commercial needs. Firms need to form financial statements every year.
To get official permission for banking activities, next-mentioned norms are needed to be met:
In this country, Forex-licenses are also popular, there aren’t taxes on business-profits and capital gains.
Dominica is economically stable state meeting world standards. Building a business in this country is very promising and reliable. Here you can own official permits and create companies, open accounts and get second citizenship.
Dominica’s laws allow getting a banking license if firm meets normative points and rules set by regulator. This document makes it possible to offer accounts opening, placing deposits and card issuance. Moreover, the organization can run any international deals if there are competent relations with foreign banking establishments.
Banking permit in Comoros gives firms rights to hold deposits, issue loans and run other cash operations. Islands are controlled by regulatory body responsible for licensing: it’s Central Bank (Banque Centrale des Comores, BCC).
The Comoros license has many advantages over permits from other countries:
Even bearing in mind difficulties, becoming an owner of banking permit in offshores is available to every compliant businessman from the financial industry. Nevertheless, you need to carefully check all the nuances before choosing correct jurisdiction. Our specialists will help to optimize the entire process as much as possible, solving all potential difficulties and nuances upon themselves.
Our company provides extensive professional help in getting offshore permits for banking institutions. We’ve been present in this field for a long period and operate all over the world. Our experts can also offer you a wide list of ready-made banking licenses for sale. Contact us right now.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.