Hong Kong Virtual Asset Service Providers (VASPs) are businesses that offer services related to virtual assets, such as buying, selling, storing, and transferring cryptocurrencies or digital tokens. According to a survey by the Hong Kong Blockchain Association, the number of Hong Kong residents owning cryptocurrencies increased by 75% in 2020, with Bitcoin being the most…

For the purposes of this Regulation, the following definitions apply:(1) ‘distributed ledger technology’ or ‘DLT’ means a technology that enables the operation and use of distributed ledgers;(2) ‘distributed ledger’ means an information repository that keeps records of transactions and that is shared across, and synchronised between, a set of DLT network nodes using a consensus…

The central goal of the MiCA Regulation is to create uniform rules for crypto assets and related services throughout the EU, which should help increase transparency, security, and reliability of financial transactions in this area. The regulation is focused on protecting investors and consumers, preventing money laundering and terrorist financing, and ensuring the stability and…

A small island state situated in the Caribbean, BVI has established a strong global reputation which employs internationally recognized and approved tax and transparency standards. BVI was added to the Organisation for Economic Co-operation and Development (OECD) “white list” of countries after complying with various OECD guidelines. BVI is a leading jurisdiction choice for doing…

Luxembourg City underwent a transformation that shifted its focus towards being a symbol of European unity and cooperation. After founding the European Union, several European institutions chose Luxembourg City as their base. The city became a hub for politics, diplomacy, and governance, emphasizing its role in promoting European unity. In recent decades, Luxembourg City has…

Setting up a Malta offshore company is rather easy due to the government incentives. However, there are tax and accounting obligations that have to be adhered to annually. Hence, in order to start a business in Malta, it is important to understand the account and tax obligations of a Malta offshore company. In this article,…

Imishore Consultants is a team of experienced lawyers, chartered accountants, and qualified financial experts who assist international clients with setting up investment funds and acquire fund management license in countries like Mauritius. We provide continuous support from the process to register company in Mauritius, and corporate bank account opening to the final step of securing…

Imishore Consultants understand that applying for an Australia AFS License (also referred to as Australia Financial Services Licence) with the Australian Securities & Investments Commission  (ASIC) can be a very daunting process. That is why we have a dedicated licensing team to support you right from the beginning of the application to the end.  Imishore‘s…

Operating within a legal framework as a forex licensee ensures that your business is conducting operations transparently and ethically, and reduces the risk of legal issues or regulatory penalties. Having a forex license also enhances the credibility and legitimacy of the business in the eyes of key stakeholders. This, in turn, helps build trust among…

Malta has been considered a highly attractive jurisdiction for foreign investors, with each of them aiming to relocate and set up a Malta offshore company. Malta always had a strong financial services sector among the service industry and is consistently growing in tandem with emerging innovations and financial developments. Despite the small land mass the…

Considering forming a corporation in Bermuda? When researching offshore incorporation jurisdictions, Bermuda is certainly one country to consider. Bermuda is a popular place to incorporate for many reasons. There several possible tax benefits for corporations one can form in Bermuda. Plus, there are also very business-friendly statues. Bermuda company registration is a fast and easy…

The popularity of virtual assets in Hong Kong has significantly increased over the past few years, with more and more people and businesses becoming interested in investing in cryptocurrencies and other digital tokens as well as securing Hong Kong cryptocurrency licenses. This boom is partly due to the rise in popularity of Bitcoin and other…

Hong Kong Virtual Asset Service Providers (VASPs) are businesses that offer services related to virtual assets, such as buying, selling, storing, and transferring cryptocurrencies or digital tokens. According to a survey by the Hong Kong Blockchain Association, the number of Hong Kong residents owning cryptocurrencies increased by 75% in 2020, with Bitcoin being the most…

In Hong Kong, under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“Anti-Money Laundering Ordinance”), a person who operates a money-changing service or a remittance service is a money service operator and must be licensed by the Hong Kong Customs and Excise Department.In this article, Imishore Consultants’ team of licensing experts has provided an overview of…

Imishore Consultants’ team of expert attorneys and chartered accountants has years of experience securing relevant payment license for our international clients intending to operate money service business in the jurisdiction of their choice. Our service package for securing an MSO license in Hong Kong includes everything you need to register company in Hong Kong and…