Avoid Blacklisted Jurisdictions

Photo by KOBU Agency on Unsplash

Avoid to look like the next dodgy company by protecting yourself and establishing a company in a whitelist Jurisdiction. As part of our legal and regulatory obligations, as well as its high-quality level standards, MaNeIDR will advice and refrain from establishing a company in a Prohibited country. Some Financial Institutions which can serve you might as well not serve, or process incoming or outgoing transactions related to Prohibited Countries.

The most common and recent list of Prohibited Countries is provided below. Please consult us in case you would like to know of any changes in the list:

Afghanistan	American Samoa	Angola	Anguilla	Antigua and Barbuda
Aruba	Bahamas	Bangladesh	Barbados	Belize
Benin	Bolivia	Botswana	British Indian Ocean Territory	British Virgin Islands
Brunei	Burkina Faso	Burundi	Cambodia	Cameroun
Cape Verde	Caribbean Netherlands	Cayman Islands	Central African Republic	Chad
Christmas Island	Cocos (Keeling) Island	Comoros	Congo	Congo (Democratic Republic of)
Cook Islands	Cuba	Djibouti	Dominica	Dominican Republic
Ecuador	Equatorial Guinea	Eritrea	Ethiopia	Federal Republic of Somalia
	Fiji	French Polynesia	French Southern Territories	Gabon
Gambia	Ghana	Grenada	Guam	Guinea
Guinea Bissau	Guyana	Haiti	Honduras	Iran
Iraq	Ivory Coast	Jamaica	Jordan	Kiribati
Kosovo	Kyrgyzstan	Laos	Lebanon	Lesotho
Liberia	Libya	Madagascar	Malawi	Maldives
Mali	Marshall Islands	Mauritania	Mauritius	Mayotte
Micronesia	Mongolia	Montserrat	Mozambique	Myanmar
Namibia	Nauru	New Caledonia	Nicaragua	Niger
Nigeria	Niue	Norfolk Island	North Korea (Republic of)	Northern Mariana Islands
Palau	Pakistan	Palestinian Territory	Panama	Pitcairn
Puerto Rico	Reunion	Rwanda	S. Georgia & S. Sandwich Isl	Saint Barthelemy
Saint Kitts and Nevis	Samoa	Sao Tome and Principe	Seychelles	Sierra Leone
South Sudan	Sri Lanka	St Pierre Et Miquelon	St. Helena	St. Vincent and The Grenadines
Sudan	Svalbard and Jan Mayen	Swaziland	Syria	Tajikistan
Timor-leste	Togo	Tokelau Island	Tonga	Tunisia
Turkmenistan	Turks & Caicos Islands	Tuvalu	Uganda	Us Minor Outlying Islands
Us Virgin Islands	Vanuatu	Vatican City State	Venezuela	Vietnam
Wallis and Futuna	Western Sahara	Yemen	Zambia	Zimbabwe

Below is also a list of the Prohibited (High Risk) Activities considered on the income and outgoing transactions: (Those that relate to the financial markets are marked in a bold font.

1. Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, including without limitation host country requirements related to environmental, health and safety and labour aspects;
2. Production or trade in weapons and munitions;
3. Production or trade in alcoholic beverages (including beer and wine);
4. Production or trade in tobacco;
5. Trade in wildlife or wildlife products regulated under CITES;
6. Production or trade in radioactive materials;
7. Commercial logging operations or purchase of logging equipment for use in primary tropical moist forest;
8. Production or trade in pharmaceuticals subject to international phase outs or bans;
9. Production or trade in pesticides/herbicides subject to international phase outs or bans;
10. Drift net fishing in the marine environment using nets in excess of 2.5km. in length Production or activities involving harmful or exploitative forms of forced labour/harmful child labour;
11. Production or trade in ozone depleting substances subject to international phase out;
12. Production or trade in wood or other forestry products from unmanaged forests;
13. Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals;
14. Any business relating to pornography or prostitution;
15. Quarries, mining, or processing of metal ores or coal;
16. Giving or receiving gifts that could be interpreted as intending to influence business decisions;
17. Abusing confidential or material, non-public information;
18. Trading of Animal Fur, Bones and Ivory;
19. Diamond trading without Kimberley Certification;
20. Indecent and Obscene material including child pornography;
21. Cultural objects like sculptures, statues, antiques, collectors items, archeological pieces especially from Republic of Iraq;
22. Trading of Fireworks, explosives and Nuclear Weapons;
23. Drug trafficking including chemicals used to manufacture synthetic drug or drugs;
24. Vessel security;
25. Human Body Parts and Pathogens;
26. Non-licensed Offline Gambling/Betting/Casino/Horse Racing/Bingo/Sports Betting;
27. Non-licensed Online Casino/Online Poker/Online Gambling/Online Betting/Prize Draws/Gift Cards/Any form of Lottery/Scratch cards;
28. Bearer shares and bonds;
29. Trading in Derivatives/Options/Hedging;
30. Donations/Charities;
31. Money exchange dealer;
32. Jewel, Gem, Precious metal dealers;
33. Cash Pooling Structure;
34. Non-licensed Forex/Binary Options;
35. Activities related to cryptocurrency business.

Contact us in order to assist you with your company creation and more.