Advice pleae, I'm from Philippines, need offshore company?

[bitotan]

Hi,


Sorry for bad English!


I need to get offshore company for my business e-currency exchange, what is best offshore country to open offshore company?

 

[JohnLocke]

So you will need a financial license in order to conduct such business at least if you require a bank account or processing services!


The Seychelles CSL or Mutual fund or Cyprus CySec licensed company would be an option.


May I ask what your budget is to accomplish this and do you have any background knowledge in the Industry?

 

[bitotan]

What is best CSL company or Mutual Fund in Seychelles or FIC license in Cyprus?

 

[JohnLocke]

It depends actually on your budget, please note that it is very expansive to setup a Mutual Fund in the Seychelles it is less expansive with an CSL company, but both are different things.


Also the Cyprus CIF license is costly and requires a lot of capital ranging from EUR 200.000 to 1 million!


You can learn more about the Seychelles Mutual Fund here: Seychelles Mutual Funds | Forex Trading | Investment & Financial Companies


and


Seychelles CSL Comapny: Seychelles CSL Company | offshore-company-formation


and finally the Forex Trading / Financial License here: Forex Trading Company in Cyprus | Offshore Company Formation

 

[wosniak]

a Seychelles CSL for financial services sounds to be a cheap and smooth step to take to become licensed. Can you tell if there are any limitations?

 

[JohnLocke]

The limitations come to the number of investors which is limited to 50 in certain setups. For more details please submit a ticket.

 

[bitotan]

Only 50 Investors for a Seychelles CSL is no problem. Are there any other limitations?