FAQ

A neobank is an internet bank (payment system, virtual bank) that does not have physically located branches, operates on the basis of the usual bank, has powers, permits and licences to provide financial services. 

In most cases, once a company is registered, it is necessary to pay an annual renewal fee. If the company is not renewed, it will be struck off the Register. 
The cost of renewing a legal entity depends on the jurisdiction where it is registered. 
If your registrar has ceased operations, or for some other reason you decide to stop cooperating, you can transfer your business to our service. 

To open a bank account for a company, it is necessary to examine:

• the activities of the legal entity;
• the main contracts;
• region of operation;
• suppliers;
• turnovers;
• information about the beneficiaries.
• Then select the right bank based on the above parameters.

The most popular banks, according to our observations: Switzerland, Liechtenstein, Turkey, UAE.

Legislation of Kyrgyzstan allows registration of companies, the beneficiary of which is a non-resident of the country. Contact our manager, a specialist will tell you what list of documents you need to prepare.

Under Cypriot law, all companies registered in the jurisdiction are required to prepare and file the following reports annually:

• Financial Statements (Financial Statements, Auditor's Report) certified by the local accredited auditor are filed with the Registrar of Companies;
• Annual Tax Return - filed with the Cyprus Revenue Authority (Inland Revenue Department).

Audited Financial Statements are filed to the Registrar of Companies as part of the annual report of the company. A state duty of 450 EUR must also be paid each year.

Да, конечно. Мы предоставляем полный комплекс услуг для юридических лиц. Услуга номинального сервиса, директор и/или акционер, доступна для наших клиентов. Если реестр бенефициаров открыт в юрисдикции, то конечный бенефициар будет в нем обозначен.

A non-resident company is a company that is registered outside the country in which the owner resides.

• Corporate income tax - 19%.
• Capital gains tax - 19%.
• Withholding tax on dividend payments - 0%.

There is no need to panic. The bank requests a compliance check for security reasons. It has to be sure that the client is trustworthy. 
Our specialists offer you legal assistance in handling the bank's compliance enquiries, correctly preparing documents for verification.

Requirements and required documents:

• A copy of a valid international UBO passport;
• Reference from the bank;
• Proof of address (utility bill);
• Proof of source of funds + enclosed*** completed SOW/ SOF form;
• Certificate of absence of criminal record;
• Biographical information;
• Business plan (BP);
• Company name (3 possible names in order of priority);
• Nominal capital;
• Draft AML policy.

Our company provides assistance in obtaining cryptolicences in the following countries:

• Lithuania
• Poland
• Slovakia
• Czech Republic
• UNITED ARAB EMIRATES

Our specialists help with obtaining licences from non-banking companies: Canadian MSB, British EMI.

FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada) issues licences and conducts inspections. Only a Canadian company can obtain a Canada Money Service Business licence for a payment system.

MSB-licensed businesses in Canada are entitled to carry out the following activities 

• development of their own payment system;
• currency exchange and international transfers;
• money transfers for both individuals and legal entities within a holding company with a complex corporate structure;
• trading in virtual currencies;
• E-commerce, Merchant;
• cryptocurrency exchange services.

The price of a cryptolicence in Lithuania includes:

• Establishment of a company;
• Opening a temporary account for payment of share capital;
• Drafting and submitting an application as a cryptocurrency company to the local FIU/FCIS;
• Obtaining cryptocurrency company status;
• Working with FIU/FCIS during application assessment;
• Developing an AML manual.