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[Blaka]

Following laws is important for merchant business. Two big ones are anti-money laundering and know your customer (KYC) rules. They help prevent illegal money activities and fraud.

Taxes are a big deal too, businesses need to know the tax rules at home and in the offshore place. Sharing financial info needs to follow privacy rules like GDPR in Europe.

Pick offshore providers that care about data security and follow these rules to keep customer info safe.

 

[Wisdom01]

The kyc customers actually helps prevent illegal activities and others ,the business should intiate prompt activities that it would adopt to make sure that there are proper kyc verification set up , code and others

 

[IB DD]

One very vital regulation that a company must consider when expanding offshore is the labour laws of the destination country. Look at the rules of engagement and disengagement of staff so as to stay in line. Look at minimum wage and see if your business would be able to afford it before you make a move to establish.