What are the implications of a debt collection company not being registered in England? It has been said that a debt management company in England must be registered as such in England. What are the implications of one operating despite apparently being registered in Ireland? And how can one find out whether a given company is duly so registered?
Debt Management is a regulated activity and has to be authorised by the Financial Conduct Authority (FCA). To find out whether a company is authorised, one may search the FCA's Financial Services Register. If it is a limited company, a search of Companies House should reveal, among other things, its registered office. The FCA also has a searchable Warnings List detailing those unauthorised firms and individuals that they are aware of. Note that: If you deal with an unauthorised firm you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong. All searches a free.
The law of each country where you offer the app for download applies, and you have to consider: Privacy Policy (GDPR in EU, CCPA in California, APPI in Japan, LGPD in Brasil, and more - check each country to be on the safe side) Disclaimer versus AGB/Terms and Conditions (e.g. Germany), not required but recommended Impressum (Germany, Switzerland, Austria) Value Added Tax (VAT) which is taken care of e.g. by Google Play for most countries but not all (e.g. not for Japan) in case the app is not free Consumer Protection Law - applicable (and different) everywhere There might be more, but these are the important ones I am aware of.
First of all, if your Delaware LLC earns money, you will pay tax in America on that money. America still taxes "foreigners" on American income, just not on"global" income. That is, unless the U.S. has a tax reciprocity treaty with your home country, Malaysia. I don't know about Malaysian law, but I am writing as an American about American law regarding the Seychelles (and I am not a lawyer). The following is only as an "example." If you set up an LLC in the Seychelles, you could, in theory, avoid American tax by accruing income there. In practice, if you did nothing but "banking" in the Seychelles, America would look at your lack of "value added" there, and could tax you on Seychelles income as if your corporation was American. The way to make such a claim stick (typically in a place like Ireland), is to set up a manufacturing or operating facility (e.g. call center) there so that you were shipping goods or services from your offshore operation. Then you'd have a strong claim in America that your operation actually earned most of its income abroad, and the U.S. company was just a holding company.
This is commonplace in many jurisdictions across many profession, trades and businesses The authorisation of the register and the amount of any fee (which can be zero) is spelled out in the legislation. As is who is authorised to collect it and maintain the register: sometimes it’s a government authority, sometimes it’s a professional association. Sometimes the title is protected and sometimes it isn’t. Off the cuff, the following is an incomplete list for australia. Some of these are Federally regulated and some are State based. Some of the State based ones are nationally recognised, meaning if you register in one state you are registered in all, and some aren’t. Some states require registration that other states don’t. Architect Engineer Doctor Nurse Physiotherapist Nutritionist Veterinarian Solicitor Barrister Anyone working with children Plumber Drainer Gasfitter Roofer Electrician Waterproofer Builder Real Estate Agent Used Car Dealer Bus driver Truck driver Taxi/ride-share driver Train driver Ship’s master Second-hand goods dealer Security guard Bartender Forklift operator Crane operator Builder’s hoist operator
Given that you're centrally keeping customer financial assets, you're looking at a banking license. At that point, the question is not whether you need a lawyer, but how many. "Note that the issuer/bank would not itself offer currency exchange". Neither the Fed nor the ECB do, and quite a few smaller commercial banks also do not offer currency exchange. Doesn't matter, still banks. How many of the banking laws apply would depend on the customers, and services offered to these customers. So far you've only excluded currency exchange, which means that pretty much every banking law might still apply. You seem slightly hung up on the digital part. That's not how the law works. You'll need a banking license where you're operating your bank, not where its infrastructure is located. And yes, not meeting the requirements for registering a bank (whether financially, regulatory, or legally) will stop your idea in its tracks. This is one of the cases where "talk to a lawyer" might not be the appropriate response, but "hire a legal team".
Is it a legal requirement in the UK to publish purchase prices for land... england-and-wales Yes Section 8(2) of the Land Registration Rules 2003 requires.. Where practicable, the registrar must enter in the proprietorship register— (a)on first registration of a registered estate, (b)following completion by registration of a lease which is a registrable disposition, and (c)on a subsequent change of proprietor of a registered estate, the price paid or value declared for the registered estate. And note that: The terms of a confidentiality clause will not override the obligation on the registrar to enter the price paid in the register. Source scotland Yes Rule 5(g) of the Land Registration (Scotland) Rules 2006 requires the Keeper of the Registers of Scotland to record in the &quot;Title Sheet&quot;: any consideration stated for the transfer of the interest in land; northern-ireland Yes Rule 41 of the Land Registration Rules (Northern Ireland) 1994 requires that... A transfer of ownership shall be made by a deed in Form 9 [to] 16 ...and all those Forms (found at pages 105 to 115) require details of the consideration made or paid.
"One day and that day may never come" If a company never invoices me, am I obligated to do anything? No (given that they know how to contact you i.e. you are not evading being invoiced). That said, you will still owe the money. When/if they ask it to be paid, you will need to pay. But there is no need to proactively bug them to take the payment. Until invoiced, you can enjoy the money as a zero-interest loan.
Being outside of IR35 means one is considered a (self-employed) contractor, not an employee, and as such will not have income tax and national insurance contributions deducted under PAYE. HMRC require the NINO and Ltd Co details to cross-reference the payments declared in the public sector's accounts with the Ltd Co's accounts to ensure (a) they match, (b) the correct tax and NIC is paid by the relevant entities, and (c) to confirm the identity and/or status in the Ltd Co of the recipient of the payments.