Best Licensing Experts 2023

Best Licensing Experts 2023

BEST LICENSING EXPERTS 2023 – GFSC Global

🎉 We are incredibly grateful to the Crypto Expo for recognizing our company, GFSC Global, as the Best Licensing Experts of 2023!
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It is an honor to receive this award and we would like to extend our sincere thanks to the Crypto Expo for acknowledging our expertise in the field of licensing. 
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This award serves as a testament to our team’s hard work and dedication, and we look forward to continuing to provide exceptional service to our clients in the years to come! 🤩
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GFSC Global – Official Agents with Offices in Ras Al Khaimah, UAE

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GFSC Global – Official Agents with Offices in Ras Al Khaimah, UAE


GFSC Global proudly offer full range of corporate/personal services in Dubai/UAE locally, through our local company: GFSC Global FZ LLC 

We can assist you with the following services:
– Corporate and Legal (Company formation in Mainland and Free zones, RAK Free Zone, Ajman, License acquiring/obtainment, Bank accounts, Audit, Accounting, Immigration services)
– Personal (Visas, Residence permits, Investments, Housing and Vehicle rental)
– Real estate (Renting, Purchase, Investments)

What are the benefits from forming a company in UAE Free Zones:
– All entities have full government support;
– No personal or corporate tax;
– 100% foreign ownership possible;
– Attractive investment schemes;
– Developed infrastructure; 
– Multiple free zones to choose from based on your business needs;

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CySEC – Circular 462

CySEC – Circular 462 

 

The Cyprus Securities and Exchange Commission has issued a Circular 462 on 3rd of August 2021, with subject of (Prudential treatment of crypto assets and enhancement of risk management procedures associated with crypto assets), would like to inform the CIFs that is amending CySEC’s Circular C417 ‘Prudential treatment of crypto assets and enhancement of risk management procedures associated with crypto assets’ by amending paragraph A2.

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CySEC – Circular 445

CySEC – Circular 445

 

The Cyprus Securities and Exchange Commission has issued a Circular 445 on the 26th of April 2021, with subject of (Extension of reporting/notification deadlines), informing the Cyprus Investment Firms (CIFs), that due to COVID-19 and in an effort to ensure operational continuity, the deadlines for a submission to CySEC of the following reports/notification are extended.

   Annual reports/notifications

  1. Annual Compliance Function Report
  2. Annual Risk Management Report
  3. Annual Internal Audit Report 
  4. Annual Audited Financial Statements 
  5. Annual Auditors’ Suitability Report
 

Due to the aforementioned and in order to help with any uncertainty and disruption to the CIFs’ business operations, CySEC will comprehend a delay of two (2) months to submit the above listed reports/notifications that would otherwise have been due April 30, 2021. 

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CySEC – Circular 437

CySEC – Circular 437

The Cyprus Securities and Exchange Commission has issued a Circular 437 on the 21st of April 2021, with subject of (Common weaknesses/deficiencies and good practices identified during the onsite inspections performed in relation to the prevention of money laundering and terrorist financing), which relates to the following Regulated Entities:

  1. CIFs 
  2. ASPs 
  3. UCITS Management Companies 
  4. Internally managed UCITS 
  5. AIFMs 
  6. Internally managed AIFs 
  7. Internally managed AIFLNPs 
  8. Companies with sole purpose the management of AIFLNPs

More specifically: Read more

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CySEC – Circular 433

CySEC – Circular 433 


The Cyprus Securities and Exchange Commission
has issued a Circular 433 on the 16th of March 2021, with subject of (Requirements of the Portuguese Securities and Exchange Commission (the ‘CMVM’) regarding the appointment of tied agents in the territory of Portugal), which hereby draws the attention of the Cyprus Investment Firms (the ‘CIFs’), which intend to appoint Tied Agents to offer their services in the territory of Portugal, to CMVM’s regulatory rules regarding the persons that are allowed to provide such services.

More specifically: 
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FSA Seychelles – Circular No 3 of 2021

FSA Seychelles – Circular No 3 of 2021  

 

The Financial Services Authority (FSA) of Seychelles has issued the Circular No. 3 on the 5th of March 2021, with subject of (Acceptance of digitally signed documents) and the aim of notifying all stakeholders of the Financial Services Authority’s (the Authority) acceptance of electronic documents that have been digitally signed and should be read in conjunction with the previously issued Circular No.13 of 2020 which outlines the current framework for authentication and acceptance of digital signatures.

In line with the Electronic Transactions Act, 2001 and the Electronic Transactions (Affixing of Digital Signature) Regulations, 2018, the Authority has taken a policy decision to accept only documents which are digitally signed using digital certificates issued by certifying authorities from DocuSign. The principal reason for such stems from an assured validation process which provides additional security to the Authority. 

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CySEC – Circular 432

CySEC – Circular 432

The Cyprus Securities and Exchange Commission has issued a Circular 432 on the 16th of March 2021, with subject of (Opinion of the European Banking Authority on the risks of money laundering and terrorist financing affecting the European Union’s financial sector), which relates to the following Regulated Entities:

  1. CIFs
  2. ASPs
  3. UCITS Management Companies
  4. Internally managed UCITS
  5. AIFMs
  6. Internally managed AIFs
  7. Internally managed AIFLNPs
  8. Companies with sole purpose the management of AIFLNPs

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FCA UK – Brexit Countdown

FCA UK – Brexit Countdown for UK financial services sector
 

Issued on 24 December 2020 

With one week to go until the end of the Brexit transition period, the FCA is urging financial services companies to ensure they are ready. Customers should also be aware of any changes that may apply to them. Irrespective of the outcome of the negotiations between the UK and the EU on a free trade agreement, firms will need to be prepared for the end of the transition period.

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