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We open, maintain, optimize taxes, prepare contracts and agreements, accompany transactions of any complexity and obtain licenses
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We will help you buy a ready-made company, with a set of documents, open accounts and licenses
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We obtain licenses for cryptocurrency exchange, crypto wallets, crypto processing, management of crypto assets and crypto funds
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Cases
Organization of a recording studio in the UAE
Task
Operate the recording studio MBP STUDIO LLC (instagram.com/mbpodcast_studio) from a legal point of view and ensure the protection of investors for the participation and division of the studio’s profits. Regulate the distribution of assets and the role of the project’s principals before and after launch.
Solution
A set of agreements has been drawn up, namely an investment partnership agreement and a corporate agreement between the participants. The work of the studio has been established and there is a clear distribution of income for the future. Instructions and recommendations were also given on the work of the studio in accordance with the laws of the UAE and international legislation in terms of advertising and attracting clients from all over the world.
Diana Gulevskaya
Diana Gulevskaya
13.03.2024
Opening an IT Company and Corporate Account
Task
We need a company for software development and sales. The projected annual profit is from $500,000 USD. We require a local bank account, the ability to accept payments from users worldwide, and maximum tax optimization.
Solution
The company is registered as an FZCo type in the Freezone IFZA within Dubai, UAE. The location was chosen for the founder's logistical convenience. A license for Computer Systems & Communication Equipment Software Design has been obtained. Two local bank accounts were opened within 1.5 months. A UAE residence visa (VNR) for the founder has been obtained. Execution Time: 2.5 months.
Lidia Ivanova
Lidia Ivanova
30.07.2023
Crypto Asset Management
Task
A company is needed to manage cryptocurrency in clients' accounts and accept payments from users worldwide in cryptocurrency for management on its own account.
Solution
The company is registered in Estonia, and it has obtained a crypto asset management license from the financial regulator. The process took 3 months. AML and KYC policies were developed for operations, a local office was selected, and an AML officer was hired.
Diana Gulevskaya
Diana Gulevskaya
Publications
05.03.2025, 14:28
Certification of fertilizers (agrochemicals) for sale on the Kyrgyzstan market
In the agricultural business, certification of agrochemicals is a complex and lengthy process, without which it is impossible to bring a product to the market. Errors in documents, non-compliance with requirements or delays in deadlines can lead to financial losses and a halt in sales. Our client faced exactly such difficulties: the process of collecting documents was delayed.
03.03.2025, 11:00
Opening an account on the stock exchange for a company from El Salvador
El Salvador became the first country to officially recognize Bitcoin as a legal tender, attracting the attention of cryptocurrency companies and investors from all over the world. In order to successfully conduct business in the cryptocurrency sector, it is important not only to know the technology and the market, but also to choose a reliable crypto exchange. The exchange must provide security, convenience in operations and comply with local and international regulatory requirements. In this article, we will consider the major cryptocurrency exchanges available to companies from El Salvador, their advantages and possible risks to help you choose the optimal platform for your business.
27.02.2025, 08:24
Payment solutions for a company from El Salvador: where to open an account?
El Salvador is rapidly becoming a major hub for cryptocurrency and traditional financial companies. Opening a cryptocurrency company involves more than just registering a business and obtaining a license; it also involves access to banking services. Without a corporate account, it is impossible to conduct financial transactions, accept payments, and operate legally. El Salvador is a unique jurisdiction where you can not only register a cryptocurrency company, but also successfully open a bank account.
24.02.2025, 14:51
Legal services in El Salvador: crypto license and company registration
In recent years, El Salvador has become one of the most attractive jurisdictions for cryptocurrency companies and financial startups. Favorable legislation, tax breaks, and government support for digital assets make this country a profitable place to do business. In this article, we will take a detailed look at all aspects of registering a company in El Salvador, obtaining a crypto license, working with banks, and the main advantages of the jurisdiction.
19.02.2025, 13:38
Smart contracts: what they are, how they work, and what their legal advantages and risks are
One of the most innovative developments in the field of business is smart contracts. In this article, the international law firm Antwort Law explains what smart contracts are, how they function, what legal advantages and risks they carry, and how to effectively use this technology to automate transactions, minimizing possible legal problems.
17.02.2025, 12:23
CRS: how the automatic exchange of tax information works
The international law firm Antwort Law has been helping entrepreneurs and individuals find reliable and effective solutions in legal, tax and banking matters for more than 8 years. We understand how important it is today to conduct business or manage capital transparently, while protecting your interests.
12.02.2025, 11:28
Which companies find it particularly beneficial to do business in the UAE?
Setting up a business in the United Arab Emirates (UAE) is a strategic move for companies seeking a favorable tax climate, convenient infrastructure, and access to international markets. However, the UAE is not for everyone, and its advantages are especially noticeable for certain types of companies. International law firm Antwort Law will help you assess the benefits and will accompany you through all stages of business registration in this promising jurisdiction.
10.02.2025, 10:57
How to choose a tax consultant for business abroad?
Taxes are just one part of doing business, but compliance with foreign tax laws without a proper understanding of their nuances can result in serious problems: from huge fines and account blocking to a complete loss of trust from clients and partners.
05.02.2025, 12:08
Regulation of cryptocurrencies in the Middle East: legal status, restrictions and prospects
Cryptocurrencies are confidently conquering the world, and the Middle East region is not staying away from the global trend. Countries in this region demonstrate different approaches: from supporting and stimulating innovation to prohibitions and cautious control. Economic ambitions, technological initiatives and religious traditions are intertwined here, which creates a unique landscape for crypto business and investors. The Antwort Law team has prepared for you a detailed review of the legal status of cryptocurrencies in the Middle East, the historical context, development prospects and specific recommendations for investors and businesses.
03.02.2025, 10:43
Taxes on rental income in different countries: where is it more profitable to rent out real estate and how to avoid double taxation
Renting out a property abroad is not only a stable source of income, but also a serious legal and tax obligation: it is important to understand the tax rules, available benefits, and possible risks in order to avoid unpleasant surprises. The team of the international law firm Antwort Law has prepared a detailed guide for you that will help you understand the taxation of rentals at the international level, choose the most advantageous jurisdiction and avoid double taxation.
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Feel free to call, ask a question or leave a comment, because the introductory consultation is free!
FAQ
Do I need a financial institution license?
There is a wide variety of financial companies involved in regulated activities. Most of them require an appropriate license.
How long does it take to open a corporate account abroad?
Opening a foreign corporate account takes from 2 weeks to 3 months. This is due to the requirements of financial regulators for banks and payment systems to conduct thorough and multi-stage checks of their clients. The final account opening time depends on various factors, such as the country, the type of business, the choice of the bank, the nationality of the founder and director, public information about them and the company, the availability of a complete set of documents, and other factors.
Why does the bank refuse to open an account?
The reasons can be diverse, but the four most common ones are: 1. Errors in document preparation. 2. Incomplete data, brief and unconvincing answers, lack of logic and structure in responses, and the absence of a well-thought-out company history. 3. The nationality of the founders and/or directors. 4. The company's activities or insufficient turnover. For example, it can be challenging for cryptocurrency companies to open an account due to the nature of their business, and many banks evaluate the potential turnover of the company during the selection process.
What to do if the bank requests a source of funds?
Provide documents that confirm the source of funds with which you will be depositing money into your account and conducting business. The most reliable sources are those that are officially documented and have had taxes paid on them. If you received funds from the sale of cryptocurrencies, which are not regulated at the legislative level in many countries, provide a statement from the exchange. In some cases, you may also need a lawyer's opinion or a certificate from government organizations.
Can a loan agreement be used as proof of the source of funds?
We do not recommend using loan agreements as proof of the source of funds. The common practice is that most banks do not accept such documents as adequate justification for the source of funds or they may ask numerous additional questions that would require gathering even more information. For example, documents about the lender, confirmation of their source of funds, as well as how and when you intend to repay this loan.
In what cases do banks request proof of the source of funds?
The source of funds is one of the most common requests from a bank, and the response to this request influences the decision to open an account and its subsequent operation. Typically, banks make this request in two scenarios. Firstly, when opening an account: the bank wants to know the sources from which you intend to make your initial deposit. Secondly, in the case of significant transfers between personal and corporate accounts: even if it's your company, you will need to specify the source of funds in your personal account.
Is it normal for a bank to send questions about your payments?
Yes, don't worry, this is a common practice for banks. They have the right to request any information regarding your payments. We recommend responding to all questions as accurately and promptly as possible.
How detailed should the responses to bank inquiries be?
It's best to respond directly to the specific question asked, without delving into unrelated areas. This way, you won't provide unnecessary information or arouse additional interest, while still addressing the banker's inquiry.
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