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
BeninBoliviaBotswanaBritish Indian Ocean TerritoryBritish Virgin Islands
BruneiBurkina FasoBurundiCambodiaCameroun
Cape VerdeCaribbean NetherlandsCayman IslandsCentral African RepublicChad
Christmas IslandCocos (Keeling) IslandComorosCongoCongo (Democratic Republic of)
Cook IslandsCubaDjiboutiDominicaDominican Republic
EcuadorEquatorial GuineaEritreaEthiopiaFederal Republic of Somalia
FijiFrench PolynesiaFrench Southern TerritoriesGabon
Guinea BissauGuyanaHaitiHondurasIran
Iraq Ivory CoastJamaicaJordanKiribati
MaliMarshall IslandsMauritaniaMauritiusMayotte
Namibia NauruNew CaledoniaNicaraguaNiger
NigeriaNiueNorfolk IslandNorth Korea (Republic of)Northern Mariana Islands
PalauPakistanPalestinian TerritoryPanamaPitcairn
Puerto RicoReunionRwandaS. Georgia & S. Sandwich IslSaint Barthelemy
Saint Kitts and NevisSamoaSao Tome and PrincipeSeychellesSierra Leone
South SudanSri LankaSt Pierre Et MiquelonSt. HelenaSt. Vincent and The Grenadines
SudanSvalbard and Jan MayenSwazilandSyriaTajikistan
Timor-lesteTogoTokelau IslandTongaTunisia
TurkmenistanTurks & Caicos IslandsTuvaluUgandaUs Minor Outlying Islands
Us Virgin IslandsVanuatuVatican City StateVenezuelaVietnam
Wallis and FutunaWestern SaharaYemenZambiaZimbabwe
Mane IDR - blacklisted countries map2

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.


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