To qualify for preferential tax treatment, Seychelles licensees (under the Securities Act or Mutual Fund and Hedge Fund Act) must meet substantial activity requirements. Here’s what’s required: 1. Core Income Generating Activities must be performed in Seychelles These activities must be carried out at the business premises or office of the licensee in Seychelles. They…
For forex brokers, securing a PSP or EMI account often feels like the biggest hurdle. With regulatory scrutiny, risk profiling, and tightening onboarding criteria, getting approved is no small win. But the real challenge starts after that. ✅ Approval isn’t the finish line—it’s just the beginning. Going Live? Getting Approved Is Just the Beginning: Here’s…
As a purchaser of payment solutions, you are likely familiar with the drawbacks of conventional online payment methods, such as card payments and manual bank transfers, issues like high costs, elevated failure rates, and subpar user experiences, to name a few. What is it?Open banking represents a banking approach wherein third-party financial service providers are…