Private Financial Services

🇨🇷 Costa Rica Ranks Among the World’s Top 10 for Foreign Direct Investment

It is time to rethink the stereotype of a “small country in Central America.” According to the 2026 Greenfield FDI Performance Index by a Financial Times division, Costa Rica ranked 8th globally.

❗️ What is behind this result:
🔵the only Latin American country in the global top 20
🔵 the only OECD country in the top 15
🔵 attracts 6.5 times more investment projects than the size of its economy would suggest

Simply put, Costa Rica performs well above its “weight class.” The reason is a rare combination of political stability, a qualified English-speaking workforce, OECD membership and a territorial tax system.

A Costa Rican company is not an “exotic offshore.” It is a structure in a jurisdiction taken seriously by investors and banks. At the same time, the territorial principle remains in place: foreign-sourced income is not subject to corporate tax in Costa Rica.

💡 A few important nuances: some incentives are available through the Free Trade Zone regime and come with specific conditions. Crypto regulation is also gradually becoming stricter: mandatory VASP registration is being introduced for AML supervision (important: a crypto license is still not required).

That is why the structure should be selected carefully for each specific business model. For crypto projects, entering the market now may be more advantageous while the regulatory framework is still being finalized.

✉️ Private Financial Services experts can help register a company in Costa Rica and structure it around your business model: https://t.me/PfserBot

🇪🇺 €10 trillion in Brussels' sights. Where should capital live now?

A remark that made many Europeans stop and think. On 27 August, Ursula von der Leyen said that around €10 trillion of Europeans' savings sit in bank accounts, and "a large share is invested outside our continent." Brussels' conclusion: it's time to direct that money into European companies through the "Savings and Investment Union."

Formally, this is "incentives" and capital-market reform to unlock up to €470 billion in investment.

History already knows such turns. Cyprus, 2013: limits on withdrawals and deposit "haircuts." All of it began with talk of "stability" and "the common good."

👥What smart people do: stay ahead of the curve. Capital shouldn't be locked in one jurisdiction and one currency.

💡 Interest is now growing in offshore jurisdictions: Seychelles, the UAE, Hong Kong, Singapore, the Caribbean, Costa Rica, Panama.

A company and an account in a neutral, stable jurisdiction are your insurance. A way to keep your business where the rules are predictable and your money stays yours.

✉️ For questions and consultations: https://t.me/PfserBot

🇦🇪 The UAE gives small business three more years without corporate tax
Small Business Relief due to expire in 2026 has been extended through the end of 2029. It's formalised in UAE Ministerial Decision No. 131, announced on 7 August.

How it works:
If a company is a UAE tax resident, its revenue doesn't exceed AED 3 million (about $817K) per period, and the other conditions are met, it can elect the relief. For corporate tax purposes it's treated as having no taxable income: nothing to pay, and simplified reporting.

💡Three key nuances:
1️⃣First, the AED 3M threshold is tested not only for the current period, but for all previous periods under the regime. Exceed it once, and you can't return to "small" status.
2️⃣Second, the relief isn't automatic. You must elect it in the tax return for each period. Registration, filing and keeping revenue records are still required.
3️⃣Third, if you don't elect it, tax is calculated under the standard rules: 0% on the first AED 375K of income, 9% above that.

✉️ https://t.me/PfserBot

🇵🇦 Panama Lowers Beneficial Ownership Disclosure Threshold to 10%

Another sign of the global shift toward greater transparency. Since June 29, 2026, Panama has been applying Executive Decree No. 25, which amended the automatic exchange rules under FATCA and CRS. No transition period was provided — the decree took effect immediately.

What exactly changed:
Previously, for automatic exchange purposes, a person was treated as a controlling person of a company if they directly or indirectly owned at least 25% of its capital. The threshold has now been reduced to 10%. This means a much broader group of shareholders may now fall within reporting requirements.

What banks, brokers and trust companies in Panama are now required to determine:
🔵 who ultimately owns the structure
🔵 where that person is tax resident
🔵 which accounts and assets are linked to the company
🔵 to which country the information will be reported under CRS or FATCA

If the ownership interest cannot be determined, actual control is assessed instead: who appoints directors, controls bank accounts or influences key decisions.

Important context: for many financial institutions, the practical impact may be limited, as some were already applying lower thresholds. The information also does not become public: it is submitted to the Panamanian tax authorities and then exchanged with the owner’s country of tax residence.

Against this background, the United States stands out sharply, having moved in the opposite direction by exempting U.S. companies from centralized beneficial ownership reporting.
The world is moving in different directions, which makes the choice of jurisdiction a strategic decision. The key conclusion remains the same: the era of “quiet” ownership through stakes below the reporting threshold is coming to an end. Today, a structure needs to be transparent and properly designed from the outset.

✉️ Private Financial Services experts can help structure your business in the right jurisdiction: https://t.me/PfserBot

🇭🇰 Hong Kong Is Attracting Family Offices with Crypto Tax Incentives

Hong Kong has taken a step the market has been waiting for. In its 2026–27 Budget, the government proposed officially recognizing digital assets, alongside gold and certain commodities, as “qualifying investments” for family office tax concessions.

What does this mean in practice?
For qualifying family-owned investment structures, profits from these assets may be taxed at a preferential 0% rate, subject to the applicable conditions. Previously, the tax treatment of crypto assets for family offices was less clear; this proposal brings greater certainty.

Why does this matter now?
🔵 Hong Kong already has more than 3,300 family offices, making it one of Asia’s key wealth management hubs
🔵 the city classifies crypto as a commodity, distinguishing its approach from Singapore and Dubai
🔵 demand is real: more than half of asset managers plan to increase exposure to digital assets in the coming years
As always, the details matter. The tax concession is not automatic: the structure must meet the qualifying criteria, maintain genuine economic substance in Hong Kong and ensure proper transaction documentation.

⭐️ Important: the relevant bill was introduced to the legislature on June 24, 2026 and is still under consideration. The proposed concessions are intended to apply from the 2025/26 year of assessment, but the final conditions will depend on the legislation being enacted.

💡 For wealthy families, the key takeaway is clear: Hong Kong is deliberately building a crypto-friendly wealth management regime in Asia. Those who structure early and correctly could gain a significant advantage.

✉️ Private Financial Services experts can help establish and structure a family office in Hong Kong: https://t.me/PfserBot

🇭🇰🇰🇿 Kazakhstan and Hong Kong Are Preparing a Tax Treaty

From August 24 to 28, 2026, Kazakhstan and Hong Kong are holding the first round of negotiations on a double taxation agreement.
The most interesting part is not the future withholding tax rates on dividends or interest.

Hong Kong is currently included in Kazakhstan’s list of jurisdictions with preferential taxation. If the agreement is signed and Kazakhstan subsequently revises Hong Kong’s status, this could significantly increase the attractiveness of Hong Kong companies for structures involving Kazakhstan.

Why this matters:
🔵 Hong Kong applies a territorial tax system;
🔵 Foreign-sourced profits may be taxed at 0% when the structure is set up correctly;
🔵 A full tax treaty could reduce barriers to cross-border payments between Kazakhstan and Hong Kong;
🔵 Hong Kong could become significantly more attractive for trading, holding and international structures.
If the agreement ultimately enters into force, the Kazakhstan + Hong Kong combination could become a very interesting structuring option.

✉️ https://t.me/PfserBot

❗️ The first MiCA penalty: a signal for the entire EU crypto market

Austria's regulator (FMA) has fined crypto platform Bitpanda €70,000. It's the country's first published final penalty under MiCA — and a key precedent for the whole European Union.
What's telling: the target wasn't an obscure offshore newcomer, but one of Europe's largest and fully licensed players, headquartered in Vienna.

The specifics:
🔵 the white paper was filed late (MiCA requires it at least 20 working days before publication)
🔵 marketing went out before the white paper was published, and without mandatory disclosures and contact details

⭐️ It's important to note: this isn't fraud, and no client funds were lost. Bitpanda's license is unaffected, and so are customer assets. The breaches were purely procedural — "timing and formalities."

Regulation in the EU has shifted from "getting a license" to continuous compliance supervision. It's no longer just market entry under scrutiny, but every white paper, every marketing communication, every filing deadline.
For a crypto business, that means one thing: a license isn't the finish line — it's the start. What follows is a working compliance framework that keeps you from tripping on the "small things" that cost tens of thousands of euros.

📩 We'll build and review your MiCA compliance https://t.me/PfserBot

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🇹🇷 Turkey: two headlines, one lesson
Two seemingly opposite stories about Turkey landed this week.

The first. Turkey revoked citizenship-by-investment for 6,134 people. The reason: fraudulent property valuation reports and procedural breaches. Investors and their family members alike were caught in the cancellation.

The second. At the same time, Ankara is rolling out a major tax package for wealthy foreigners: exemption of foreign income for up to 20 years, minimal inheritance tax, and an amnesty for repatriating assets. Citizenship via real-estate investment still starts at $400,000.

So what's the takeaway?
Citizenship by investment is a real, working tool. But it's unforgiving of mistakes. An understated valuation, a shady middleman, sloppy paperwork — and you risk not just a rejection, but the cancellation of a passport you already hold. Together with your family.
That's exactly why these programs can't be done "on luck" or through random agents. They need a clean structure, correct valuation, and legal support at every step.

✉️ Let's discuss your case https://t.me/PfserBot.

🇭🇰 Hong Kong: why "foreign dividends are tax-free" isn't always true anymore

There's a popular myth: in Hong Kong, foreign dividends are never taxed. That used to be true. But since 2023, the FSIE regime changed the picture.

❗️ How it works now:
Hong Kong is still territorial — only Hong Kong-sourced income is taxed. But FSIE introduced an important exception for passive income (interest, dividends, IP income, disposal gains) at companies that are part of multinational groups.
If such income is "received in Hong Kong," it's treated as local and taxed — unless one of the exemption conditions is met.

To keep foreign dividends tax-free, you need one of two things:
Either economic substance in Hong Kong — real staff, premises, and expenses matching the company's functions. Or the participation requirement — holding at least 5% for at least 12 months, provided the income is taxed abroad at a rate of no less than 15%.

⭐️Key nuances:
The regime only applies to members of multinational groups — standalone local companies fall outside it. If neither condition is met, dividends are taxed, but foreign tax paid can be credited. And for a "pure holding" company that only holds shares, the substance requirements are notably lighter.

✉️ We'll plan your Hong Kong holding so FSIE works in your favour. https://t.me/PfserBot

🇦🇪 Business activity is recovering in Dubai
At the beginning of 2026, business activity across the region declined. The reason was the conflict with Iran: the closure of the Strait of Hormuz disrupted logistics, aviation and tourism, while the UAE business activity index fell to a five-year low in June.
What happened next? Dubai’s economy quickly recovered from the downturn. According to S&P Global, the UAE Purchasing Managers’ Index (PMI) rose to 52.7 in July, its highest level in four months, while Dubai’s PMI increased to 51.7, supported by growth in new orders. The IMF expects a solid recovery in the second half of the year and has highlighted the “significant resilience” of the UAE economy.

Summer is traditionally the low season in the UAE, and it is coming to an end. For businesses, this is an important signal: a UAE company offers clear tax rules, a strong business reputation, and access to capital across the Middle East, Asia and Africa.

Why it makes sense. The standard corporate tax rate in the UAE is 9%. However, Free Zone companies may qualify for the Qualifying Free Zone Person regime: 0% on qualifying income and 9% on other taxable income. In addition, there is 0% personal income tax and profits can be freely repatriated.

Which company structure to choose. For international business, a Free Zone Company is often the most practical option: 100% foreign ownership, no local partner required, and a relatively fast setup process. For companies planning to operate directly in the UAE domestic market, a Mainland Company may be more suitable.

⚠️ Important: a Free Zone license does not automatically guarantee a 0% tax rate. The structure must be set up correctly and the qualifying conditions must be met and substantiated. This is where an experienced partner matters.

✉️ Discuss your Dubai structure with Private Financial Services: https://t.me/PfserBot

🇪🇸 The Ceuta crisis. Damage to one jurisdiction highlighted the strengths of another
The fallout is still to be seen. One thing is clear: episodes like this hit the business climate too — pressure on the regions rises, security and insurance grow more expensive, investors price in a higher risk premium, and planning horizons shorten. Conditions for opening a business in Spain aren't at their best right now.

Against that backdrop, Hungary looks like one of the most practical entry points into the EU.
🔵 9% tax — the lowest corporate tax in the European Union since 2017.
🔵 0% withholding tax on dividends, interest, and royalties paid to foreign recipients.
🔵 Fast start — a company (Kft) is registered in 5–10 business days, remotely.
🔵 A moderately neutral stance. Even after April's change of government, the country moved neither into confrontation nor into sharp reversals — a pragmatic line and conditions that stay predictable for business.
Honestly, on the nuances: VAT is 27%, and the 9% rate only works in full with the right structure and clear tax residency.

And if you don't need the EU market, it makes more sense to look at a neutral jurisdiction. The BVI is one of the strongest options here:
🔵 0% corporate, capital gains, and withholding tax at the jurisdictional level.
🔵 A flexible Business Companies Act: holding, IP, investment, and joint-venture structures.
🔵 English common law with appeals to the Privy Council — a predictable legal environment for investors.
🔵 100% foreign ownership, remote registration, no ties to EU borders.

The logic is simple: if you need Europe, Hungary gives you the market and the reputation at the EU's lowest rate. If you don't, the BVI gives you a neutral, resilient holding. Which one fits you depends on your model.

✉️ for a consultation https://t.me/PfserBot

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🇪🇺 The EU and “Golden Passports”: What Is Happening Between Europe and the Caribbean

At the end of June 2026, the European Commission sent formal notices to five Caribbean states: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, and Saint Lucia. The demand is strict: phase out their citizenship-by-investment (CBI) programs by June 1, 2028. Otherwise, they risk losing visa-free access to the Schengen Area.

❓ Why has the EU taken this step?

Brussels’ logic is straightforward: a Caribbean passport can be obtained by an investor in exchange for money, often without sufficient due diligence or any physical presence in the country. The holder can then enter the Schengen Area without a visa. The EU considers this a security loophole that may allow individuals to bypass visa controls and, in some cases, sanctions lists. This is precisely what Brussels intends to close.

The EU now has the necessary instrument. Since December 30, 2025, the updated visa-suspension mechanism has been in force: the mere existence of a CBI program, “regardless of how well it is administered,” is now sufficient grounds for withdrawing visa-free access. Previously, the EU had to prove abuse. That is no longer required.

What does this mean for investors? A passport obtained for visa-free access to the Schengen Area may lose that benefit because of a political decision, rather than any fault on the part of its holder.

🇻🇺 This is not hypothetical. Vanuatu has already gone through this process: the suspension of visa-free access to the Schengen Area has been in effect since February 2023. Vanuatu passport holders no longer qualify even for ETIAS and must obtain a full Schengen visa.

Second citizenship remains a viable tool. However, a program should be selected based on its resilience to such regulatory decisions, not solely on today’s list of visa-free destinations.

✉️ We will help assess which citizenship programs and ownership structures can withstand regulatory pressure and which cannot.

Submit your request https://t.me/PfserBot

🇦🇪 Nikolay Storonsky’s Revolut Secured VARA Approval in Dubai. But for Most Crypto Businesses, It Is Still Too Early

On July 15, 2026, Revolut received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to conduct crypto broker-dealer and exchange activities. This is its second regulatory pillar in the UAE within two months. The message is clear: Dubai has become a market where major fintech companies are entering on a serious, institutional level.

However, there is an important reality that is rarely discussed. VARA is the premier league: substantial capital, real substance, and a dedicated compliance team are required. Even Revolut currently holds only in-principle approval, not a final license. For a business that is still building its transaction volumes, this route may be expensive and premature.

It is often more practical to start in a jurisdiction with a more accessible entry framework.
🇵🇦 Panama uses the US dollar as legal tender, applies a territorial tax system, and currently has no separate VASP license requirement. Only AML registration with the UAF is mandatory. Panama has also been removed from the EU’s list of high-risk jurisdictions.
🇨🇷 Costa Rica also applies territorial taxation, with 0% tax on foreign-sourced income. Since May 2026, VASPs have been required to register for AML supervision with SUGEF. This is regulatory oversight, not a license. The jurisdiction is particularly suitable for GameFi, crypto casinos, and OTC operations.

🔵 Both jurisdictions can serve as practical platforms for a fast market entry. The right route for a growing project is often multi-stage: launch quickly and cost-effectively in Panama or Costa Rica, then transition to VARA or another strong licensing framework once the business has sufficient transaction volumes and operational capacity. This prevents the company from overpaying for regulation it does not yet need.

Choosing between Panama and Costa Rica is not about finding the jurisdiction with fewer requirements. It is about identifying where your specific business model can open an account and successfully pass compliance checks. This should be assessed before the structure is launched.

✉️ We will help you select the right starting point and build a scalable regulatory roadmap. https://t.me/PfserBot

🇵🇦 Panama is bringing structure to its crypto market. Let's unpack what that means

Panama remains a convenient entry point for crypto structures: an S.A. incorporated in 5-7 days, a territorial tax system, and — for now no dedicated VASP license.

The country is gradually formalising the rules of the market. On 13 January 2026, Anteproyecto Ley N° 314 — Panama's first comprehensive crypto framework — was presented to the National Assembly. It provides for:

→ formal VASP and CASP definitions aligned with FATF and MiCA
→ licensing
→ capital and governance standards
→ joint oversight by the SBP and UAF

🔵 Useful context: the law is not yet enacted, and there is no need to rush. UAF (AML) registration is already required — this is not a license, just a standard AML step.
The good news is that clear rules are a positive for the market. They make banking and partner relationships more predictable. Panama already exited the EU high-risk list in July 2025 — banking access is gradually improving.
For anyone incorporating now, it is enough to build the structure with the future regime in mind — then the transition happens smoothly, with nothing to redo.

✉️ We help assess whether Panama fits a specific model and get everything in place calmly and in advance. Assess the route: https://t.me/PfserBot

🇨🇷 Costa Rica: VASPs now under AML supervision.
On 25 May 2026, Costa Rica's Legislative Assembly unanimously approved an amendment to Law No. 7786 (AML/CFT): virtual asset service providers become obligated subjects, and SUGEF registration is introduced.
This was read as "Costa Rica introduced crypto licensing." In reality the change is gentler than it sounds.

🔵SUGEF registration is AML supervision, not an operating license. The reform states this explicitly.
🔵A company can still carry out crypto activities under its bylaws through general commercial law.
🔵Token issuance rules, custody and exchange licensing are not yet regulated.

In essence this brings the AML framework up to an international standard — something banks and payment processors already asked for. Now it has a clear statutory basis, which makes operating more transparent.
Costa Rica remains a practical option for launch, GameFi and OTC. If a project will later need major payment providers or EU market access, that is calmly planned as a separate, stronger route.

✉️ For consultation https://t.me/PfserBot

🇬🇪 Durov called Georgia an underrated place to do business. Here's what stands behind it — and how a company is actually registered there

On 23 July 2026, Pavel Durov wrote on X that Georgia is becoming a major business hub: its economy doubled in five years and grows around 8% a year, while international tech companies pay 0% corporate tax and just 5% on dividends and salaries.

The numbers are not marketing. They rest on specific tax regimes:
🔵 Virtual Zone Person (VZP) — a status for IT companies: 0% corporate tax and 0% VAT on IT services to non-residents. Profit is untaxed at company level until distributed; on distribution, 5% on dividends.
🔵 International Company — a reduced rate (around 5%) subject to conditions.
🔵 Company registration in 1–2 days, no minimum capital, remote setup possible via power of attorney.

📄A couple of practical points to keep things smooth:
1️⃣ Registering a company and tax residency are two different things. Residency requires 183+ days per year or other grounds.
2️⃣ For crypto activity (exchange, custody for clients), VASP registration with the National Bank of Georgia and AML/KYC compliance may be required.
Georgia is genuinely convenient for a fast start and IT structures. The tax advantage comes through in full with the right structure and confirmed owner residency — and that is easy to set up in advance.
We help assess whether a Georgian structure fits your model, and get it right the first time.
✉️ https://t.me/PfserBot

What is CARF? Crypto assets are entering the automatic tax information exchange system

Bank accounts have long ceased to be invisible to tax authorities due to CRS. Now crypto assets are next. CARF, CRS, and the Travel Rule are not the same thing.

CARF, the Crypto-Asset Reporting Framework, is an international standard developed by the OECD for the automatic exchange of tax information on crypto-asset transactions. The first exchanges between tax authorities are expected to begin in 2027.
How CARF works

Crypto exchanges, brokers, exchange operators, and certain wallet providers will be required to:
🔵 determine clients’ tax residency
🔵collect identification and tax information
🔵record reportable transactions
🔵 submit the information to the tax authority in their jurisdiction

The data will then be automatically shared with the countries where the clients are tax residents. The framework covers both legal entities and individuals.

Depending on national implementation, CARF may cover:
• purchases and sales of crypto assets for fiat currency
• exchanges of one crypto asset for another
• crypto-asset transfers
• payments for goods and services using crypto

The OECD also notes that certain non-custodial and decentralized services may fall within scope if they effectively facilitate transactions.
1️⃣ CRS covers tax information on financial accounts.
2️⃣CARF extends automatic tax information exchange to crypto assets.
3️⃣The Travel Rule concerns the exchange of information between participants in a crypto transaction.


What does this mean for crypto businesses? Companies will need to review:
✔️customer identification procedures
✔️tax residency data collection
✔️transaction data storage architecture
✔️ classification of assets and transactions
✔️ customer agreements
✔️ internal policies and information systems

To assess your project’s readiness for the new requirements, contact https://t.me/PFserBot.

😎 🇱🇺 Ripple gets the green light in Luxembourg and prepares a payment route across Europe
While some crypto companies are simply trying to preserve access to the EU market, Ripple is building a fully regulated payment infrastructure.

⤵️ The details:
The company received preliminary CASP approval from the CSSF in the form of a Green Light Letter. Now Ripple Payments are able to provide regulated crypto-asset and stablecoin payment services to banks, fintech companies, and corporations across all 30 countries of the European Economic Area.

The CASP authorization will complement Ripple’s EMI license in Luxembourg. This will allow Ripple to combine payments, digital assets, and cross-border settlements within a single regulated infrastructure. According to the company, Ripple Payments has already processed more than $100 billion across over 60 markets.

🇱🇺 Why Ripple chose Luxembourg
🔵 Strong reputation as a financial center
🔵 Passporting across the EEA
🔵 Access to banking and institutional infrastructure
🔵 Strict but transparent CSSF supervision
🔵 The ability to combine CASP, EMI, and payment solutions

However, Luxembourg is not suitable for projects seeking a purely formal or low-cost license. The regulator assesses capital, governance, internal controls, risk management, compliance, and genuine operational readiness.

✉️ Private Financial Services experts support projects in Luxembourg with corporate structuring, CASP authorization, compliance, banking, and payment solutions. To discuss launching a project in Luxembourg, contact https://t.me/PFserBot.

⭐️How to Choose the Right Jurisdiction for Your Company and Avoid Regretting It a Year Later
The first question many entrepreneurs ask when choosing a country is: “Where are the taxes lower?” That is the wrong starting point.

First, define the company’s purpose: international trade, investment, asset holding, crypto, iGaming, software development, or working with overseas clients. Only then should you compare taxation, banking, licensing, and substance requirements.

What to consider
🔵 Client and operational geography
Where are your customers, suppliers, employees, and management located?
🔵 Banking infrastructure
Are banks and payment providers willing to work with your industry and corporate structure?
🔵Taxation principle
Is the company taxed on its worldwide income or only on locally sourced income?
🔵 Economic substance
Access to tax benefits may require an office, employees, operating expenses, and genuine business functions.
🔵 Jurisdictional reputation
A low tax rate offers little value if the structure raises concerns among banks and counterparties.

⭐️ Top jurisdictions to consider in 2026
🇭🇰 Hong Kong
Key advantages: territorial taxation, a common-law legal system, and a strong corporate profile.
Suitable for: international trade, software businesses, holding structures, and cross-border services.

🇨🇷 Costa Rica
A flexible option for international service companies, crypto projects, and iGaming businesses.
The jurisdiction is suitable for businesses seeking a practical alternative to European licensing regimes and traditional offshore structures.
Suitable for: crypto, iGaming, software development, and remote service businesses.

🇵🇦 Panama
A practical option for international operations, trade, logistics, and asset holding.
However, the attitude of banks and payment providers toward the proposed structure should be assessed in advance.
Suitable for: international services, trade, shipping, holding structures, crypto, and iGaming projects.

🇺🇸 Delaware
A strong choice for startups, investment structures, technology businesses, and companies entering the US market.
Its main advantages include developed corporate law, structural flexibility, and a predictable court system.
Suitable for: Amazon businesses, technology projects, venture financing, and structures involving US investors.


💡 Key takeaway
There is no universally best jurisdiction. There is only the jurisdiction that fits a specific business model. A low-tax company without a bank account, a genuine business purpose, or a clear operating structure may ultimately cost more than a transparent solution in a jurisdiction with a moderate tax rate.

To select the right structure for your business, contact https://t.me/PFserBot.

Kraken Is Capturing the European Market Binance Failed to Secure

While Binance continues searching for a jurisdiction in which to obtain MiCA authorization, Kraken is already operating under a full European license.

Kraken received CASP authorization from the Central Bank of Ireland in 2025 and subsequently activated it across all 30 countries of the European Economic Area. This allows the exchange to serve European clients directly under a single MiCA framework.

Binance is in the opposite position.

In June 2026, the company withdrew its MiCA application in Greece and said it would pursue a different route in the EU. By the end of the transition period, Binance had still not obtained full authorization.

Kraken is now positioned to capture everything Binance failed to secure:

🔵legal access to the entire EEA market
🔵the ability to operate without separate national registrations
🔵 a stronger position with banks and institutional clients
🔵 customers from platforms that failed to obtain MiCA authorization in time
🔵 the status of one of Europe’s largest fully regulated crypto exchanges

Kraken is already using this advantage in its marketing.

It began building its regulatory framework early. While Binance is changing course, Kraken is gaining clients, liquidity, and trust across the European market.

The key takeaway

MiCA is changing the balance of power. In the past, the largest exchange had the advantage. Now, the winner is the company that secured authorization first and integrated itself into Europe’s regulatory system.

To discuss obtaining a CASP license, contact https://t.me/PFserBot.

🇵🇱 Polish VASP Registration Is No Longer Enough. What Should Crypto Companies Do?

As of July 1, 2026, the transition period for Polish companies operating under VASP registration has ended.
Being listed in Poland’s virtual currency register no longer allows a company to provide crypto-asset services independently. To continue operating, the business must obtain CASP authorization under MiCA.

Submitting an application does not extend the right to operate. Regulated crypto-asset services may only be provided after authorization has been granted.

Polish VASPs now have three main options.

🔵Obtain CASP authorization
A company can prepare a complete licensing application and apply for authorization in an EU member state. Once authorized, the CASP may provide services in Poland through the EU passporting mechanism.

🔵Restructure the operating model
The business may partner with an already authorized CASP. The licensed entity must provide the regulated crypto-asset services, while the Polish company may retain non-regulated functions such as software development, marketing, or technical support.
The division of responsibilities must be clear. A Polish company cannot continue regulated activities while presenting itself merely as a technology provider.

🔵Implement a compliant wind-down
Companies that do not plan to obtain authorization or work through a licensed partner should prepare an orderly exit plan. This may include notifying clients, returning assets, terminating contracts, and retaining the required records.

❗️ VASP registration alone is no longer sufficient. Filing a CASP application also does not legalize continued operations while the application is under review.

Private Financial Services experts assess business models, select suitable jurisdictions for CASP authorization, support the preparation of licensing documentation, and help companies build a compliant operating structure in the EU.

✉️ To discuss your transition from VASP registration to CASP authorization, contact https://t.me/PFserBot.

Where is it better to open a company in 2026: Hong Kong or Singapore

Both jurisdictions are at the peak of interest. Both regularly appear in discussions about international trade, Asian expansion, fintech, holding structures, and the idea of a “new offshore without the offshore stigma.” But that is exactly where the trap lies: in reality, these jurisdictions solve different tasks. When a client asks about these two countries, the first thing we usually need to analyze is the business model.

📄Taxes

Hong Kong remains strong because of its territorial tax system. The Inland Revenue Department states that only profits arising in or derived from Hong Kong are subject to taxation. In other words, profits sourced outside Hong Kong are generally not taxed there. The standard profits tax rate is 16.5%, while a reduced rate of 8.25% applies to profits up to HKD 2 mln.

In Singapore, the corporate tax rate is 17%, and companies can benefit from tax exemptions and incentive schemes, especially at the start. At the same time, the jurisdiction is generally seen as more structured and less tolerant of superficial “tax tourism.”

💳 Offshores

In 2026 “offshore” no longer works the way it used to. Business is looking for a jurisdiction where an international structure can be built legally, without excessive tax and corporate burden.

And this is where Hong Kong offers more: a strong international brand, a territorial tax principle, a clear corporate form, and no mandatory local director. At the same time, it is no longer an “offshore”, but a fully respected jurisdiction with real compliance.

🔄 Redomiciliation: where 2026 brought a particularly strong argument

One of the most interesting shifts in recent months is connected specifically to Hong Kong. The jurisdiction introduced a corporate redomiciliation regime that allows foreign companies to transfer their place of incorporation to Hong Kong while preserving legal identity and business continuity. For many international groups, this is a major advantage: instead of creating a new structure from scratch, they can carefully relocate an existing one.

This matters for several reasons:

✔️an existing international structure can be repackaged into a stronger jurisdiction
✔️a business can be moved out of a tired or toxic corporate shell
✔️this can be done without fully resetting the company’s history

Singapore also has strong corporate mechanisms in practice, but if we speak about the clearest market-moving development of 2025–2026, Hong Kong has objectively captured part of the market’s attention thanks to its redomiciliation regime.

📍Corporate requirements

Singapore has one fundamental requirement: a company must have at least one director who is ordinarily resident in Singapore. This is a core element of the structure.

In Hong Kong, the picture is softer. A company must have at least one director, but there is no requirement for that director to be a Hong Kong resident. At the same time, a company secretary is mandatory, and if this is a natural person, they must ordinarily reside in Hong Kong.

Singapore, by contrast, pushes businesses toward a heavier and more disciplined corporate architecture.

⚡️Speed of setup: not the main factor, but still a welcome one

In Hong Kong, when filing electronically, certificates for a private company are usually issued within a few hours.
In Singapore registration may take up to 15 working days.

Our conclusion:
Hong Kong is more suitable if:
🔵you need a flexible international setup
🔵you are building a trading, service, or holding structure
🔵territorial tax logic matters to you
🔵you want to avoid the requirement for a local resident director
🔵you see redomiciliation as a tool for relocating a company

Singapore is more suitable if:
🔵the status of the jurisdiction matters
🔵you need a strong corporate image
🔵you are ready for a stricter presence structure
🔵long-term relationships with banks, investors, and major counterparties are a priority

✉️ If you are comparing Hong Kong and Singapore, message https://t.me/PfserBot.

🇫🇷France has improved the entry path into MiCA

The French regulator ACPR updated the procedures and forms for crypto-asset issuers and crypto-asset service providers under MiCA.

At first glance, this looks like a technical update. But in reality, it creates a practical route for the market.

The French regulators clarified:
• which forms must be submitted and to which authority
• which processes are handled in parallel by the ACPR and the AMF
• which notifications are required before operations begin and after launch

For crypto companies, not only the license or authorisation matters. The procedural framework is just as important: which documents are required at the entry stage and which actions are required after operations start.

At the same time, procedural clarity should not be confused with a softer regime.
France is not lowering MiCA standards. Companies still need to meet a high bar in governance, internal controls, compliance, and application file quality. The AMF has also reminded the market that the transitional period for French DASP/PSCA ends on 1 July 2026, and that the review of a complete file may take up to 4 months.

Paris has sent a clear signal:
France is gradually turning MiCA from a complex regulatory framework into a more manageable entry route.

👍 As an alternative, we also suggest considering softer jurisdictions for obtaining a MiCA license:
🔵Bulgaria
🔵Poland
🔵 Lithuania
🔵Slovakia
🔵Czech Republic

✉️ If you are considering MiCA, message https://t.me/PfserBot.

🇩🇪Germany now requires military approval for men leaving the country

Berlin has updated its military service law: men aged 17 to 45 now need permission to leave the country for more than 3 months.

But for wealthy individuals, the real issue here is the signal. Freedom of movement no longer looks guaranteed. And if a state can at any moment reshape the rules around exit, control, registration, and access, then international structuring goes far beyond tax.

For capital, this means one thing:
Plan B is no longer a luxury. It is part of personal and corporate resilience.

That is exactly why in 2026 more clients are looking not only at a jurisdiction for business, but at a backup point of stability:

• alternative residency
• a second corporate structure
• diversified banking access
• reduced dependence on one country and one regulator

Private Financial Services experts help build international corporate architecture: company formation, jurisdiction selection, banking logic, residence permit solutions, and structures for those who want to preserve freedom of movement for both business and capital.

✉️ If you want to build a real Plan B for yourself and your business in advance, message https://t.me/Pfserbot

⭐️ We have prepared for you a digest of important and useful materials for March

Important materials⤵️

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Company formation⤵️

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Interesting to read⤵️

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Guides to help you⤵️

🎁 10 essential rules for business owners in the UAE
🎁 Obtaining a crypto license in Saint Vincent

✉️ For questions and consultations: https://t.me/Pfserbot

Commercial Proposal for Accounting Support in the UAE

If your company operates in the UAE, accounting should do more than record numbers. It should protect the business from unnecessary questions from banks, partners, and regulators.

Many companies face the same issue: formal accounting exists, but once documents or explanations are requested, it becomes clear that the financial system is not ready for real scrutiny.

What most often becomes a weak point:
• transactions are difficult to support with documents quickly
• reporting does not provide a full picture of the company
• tax returns have been filed, but vulnerable areas remain
• as turnover and team size grow, the pressure on accounting increases sharply

🌟 Private Financial Services experts help build accounting support in the UAE as an operational system, not a formality.

The service includes bookkeeping, financial reporting, VAT return filing, payroll calculation, tax planning, and personal support. The solution is tailored to the scale of the business, from basic needs to companies with multiple accounts, high transaction volume, and more advanced reporting requirements.

💎We have already prepared a commercial proposal for accounting support in the UAE.

If you would like to receive it and discuss a solution for your company, contact https://t.me/Pfserbot.

Panama: accounting records deadline April 30, 2026

Panamanian legal entities not conducting business within the country must submit their financial records for the previous year to their registered agent by April 30, 2026.

🏷 Additionally, companies must:
• confirm the physical location of accounting records
• designate a person responsible for maintaining them

📎 Non-compliance consequences:
• fines from $5,000 up to $1,000,000
• suspension of corporate rights
• restrictions in the Public Registry

Recommendation:
🔵Do not delay reporting preparation.
🔵Ensure your documentation structure meets requirements.
🔵Build accounting systems that can withstand regulatory requests.


✉️ If you need to prepare Panama reporting without risk, contact https://t.me/Pfserbot