Offshore Company Formation & Incorporation Service - BRIS Group

If you're looking to operate a cryptocurrency exchange, trading platform, or provide certain crypto-related financial services, you'll likely need a license. The exact requirements vary significantly depending on the jurisdiction. These licenses are designed to regulate the industry, protect consumers, and prevent money laundering. Where to Register: The Offshore Angle Many crypto businesses are drawn  to offshore jurisdictions for licensing  due to perceived advantages like: Lower Costs:  Application fees, ongoing compliance costs, and taxes can be lower than in more established financial centers. Faster Processing:  The licensing process might be quicker and less bureaucratic. Less Stringent Regulations:  While regulations are still present, they might be less restrictive than in places like the US or Europe. Tax Benefits:  Some offshore jurisdictions offer favorable tax regimes. Important Considerations Before Going Offshore: Reputation:  Be aware t...

Offshore Companies in a Changing World: Still Relevant? The world of  offshore companies  has long been shrouded in mystery and often associated with tax evasion and illicit activities. However, the reality is far more nuanced. While some use offshore structures for nefarious purposes, many others utilize them for legitimate reasons, such as international business expansion, asset protection, and estate planning. But in an increasingly transparent and interconnected world, the question remains: are offshore companies still relevant? The landscape has undoubtedly shifted. Increased global scrutiny, driven by initiatives like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA), has made it significantly harder to hide assets and income offshore. Tax authorities worldwide are collaborating more effectively, sharing information and cracking down on tax avoidance. This has led to a decline in the number of jurisdictions offering complete secrecy a...