EQIFi is fully Licensed & Regulated. One of the only of only Licensed and Regulated DeFi Companies
EQIFi Management Limited (“EQIFi”) is approved and registered by the BVI Financial Services Commission as an Approved Manager pursuant to the Investment Business (Approved Manager) Regulations (2012) (as amended) and treated as licensed for the purposes of the Financial Services Commission Act 2001, permitting it to advise and manage up to 400 million USD of Assets Under Management.
Global Licensing
The BVI Investment Business (Approved Manager) (Amendment) Regulations 2013 permit Approved Managers to advise and manage funds located in 40 different jurisdictions worldwide, including the following Recognised Jurisdictions (amongst others): Argentina, Australia, the Bahamas, Bermuda, Belgium, Brazil, the BVI, Chile, Curacao, Denmark, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hong Kong, Ireland, the Isle of Man, Italy, Japan, Jersey, Luxembourg, Malta, Mexico, the Netherlands, New Zealand, Norway, Panama, Portugal, Singapore, Spain, South Africa, Sweden, Switzerland, and the United Kingdom.
Standing
The EU recognized the BVI as a fully cooperative tax jurisdiction in line with EU good-governance standards.
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What does EQIFi have to do to remain Licensed & Regulated?
EQIFi Management Limited (“EQIFi”) is approved and registered by the BVI Financial Services Commission as an Approved Manager pursuant to the Investment Business (Approved Manager) Regulations (2012) (as amended) and treated as licensed for the purposes of the Financial Services Commission Act 2001, permitting it to advise and manage up to 400 million USD of Assets Under Management. Accordingly, EQIFi must:
- Prepare and file annual financial statements with the BVI Commission within six months of the end of its financial year;
- File annual returns with the FSC by 31 January of each year;
- Comply with the BVI's anti-money laundering regime (including appointing a money laundering reporting officer and adopting appropriate policies and procedures); and
- Comply with the BVI regime for Automatic Exchange of Information including FATCA and the OECD Common Reporting Standard (including registering with both the U.S. Internal Revenue Service and the BVI International Tax Authority).
On 18 February 2020, the EU recognized the BVI as a fully cooperative tax jurisdiction in line with EU good-governance standards.