Offshore Company, Banking & Cryptocurrency

Honk Kong bank of Canada, which is now known as the HSBC Bank Canada, is one of the biggest banking institutions in the world, with presence in 85 different countries and 7200 offices in Asia, Europe, Middle East, Africa and the Americas. The bank, which was founded by a Scot for operations in the coastal areas of Hong Kong and China, is now a global leader in all matters of finance and banking, providing an impressive range of financial services to institutions, individuals as well as businesses. At current estimates, HSBC is serving more than 85 million individual customers and about 3.6 million commercial customers. As of 2012 the total assets of the bank were valued at over $2,500 billion. Honk Kong Bank of Canada The Hong...

No matter how stable and civilized today’s society seems to be, the truth is unrest is just round the corner. Nationalism is growing, as well as the popularity of communism in certain parts of the world. Diversifying assets is a must in such unstable times. Fiat currency helps in the short run, but never in the long run – after all, most currencies are set to fail at some point or another – based on history, of course. With these thoughts in mind, diversification is often the key to more successful backup plans. The idea is to diversify your wealth, so you can live comfortably even if unexpected situations arise. While there are lots of options out there, two of them stand out in the crowd. Digital coins represent a modern...

Offshore banking comes with pros and cons, depending on where you come from, what jurisdiction you choose and what your goals are. There are plenty of attractive options out there, and tax havens often lead the charts because they cater to foreigners. Now, compared to other concepts related to the offshore industry, banking is not necessarily about tax optimization. The jurisdiction of your business and your residency or citizenship are more important. However, banking does play an important role too. Banking is mostly about diversifying assets. You could have an account in a country that feels economically and politically stable. Your money is more likely to be safe in such a place, rather than in developing jurisdictions. When...

Switzerland is one of the leading countries when it comes to incorporating companies. It has an excellent reputation, low taxes and notoriety for its security and high quality standards. It has always been neutral and linked to other countries in terms of economics, which guarantees the fact that you will never be taxed in two different countries. With all these benefits in mind, it is no surprise that more and more businesspeople go offshore and choose Switzerland for their companies. Whether you are after establishing a large company or you have a brilliant idea for a startup, Switzerland is an important player on the European market. Moreover, the government also provides support and economic measures to encourage investors. To...

Mauritius, the island nation that is located in the Indian Ocean, has fast emerged as a hot spot of financial activities with numerous individuals and companies, especially those who function out of surrounding countries, choosing it to open offshore bank accounts in. This is truly remarkable for a country that became a republic only in 1992 and now is a part of the Commonwealth. The reason for this rapid growth has been the government’s insistence on a strong focus on foreign investment and as a result, today Mauritius boasts of more than 10,000 offshore companies registered there. The banking sector itself has generated more than a billion dollars so far with a major contributor being foreign investors. As with most other...

It is a proven fact that US citizens on the whole have a lot less money in offshore bank accounts as compared to citizens of many other countries in the world. For American corporation that are multinational, it is still rather easy to a bunch of offshore banking options, but for an individual it is still an uphill task, owing mostly to the tight grip of big brother IRS and the strict regulation that they have put in place and the implementation of the new Foreign Account Tax Compliance Act is just going to make things worse. Even foreign banks are forced to sing to IRS’ tunes with virtually every bank on the planet being forced to sign some fort of an information sharing agreement with the government agency. Failing to do so often...

You may already be familiar with the idea of an offshore company, but the truth is things are a bit more sophisticated than they seem. There is not much to worry about though – a little education will lead you in the right direction. When dealing with certain companies and trying to find out more about them, you may find out they are registered in some unusual countries. For example, you may find a company with a local name established in Hong Kong or perhaps Gibraltar. The list can go on. At this point, you may wonder why. The truth is offshore companies come with a series of benefits and each of them is mostly related to the financial situation of the respective business. Here is everything you need to know in order to set your own...

No name association, no ID required and no passport, but 100% legal – this is what you want from a fully anonymous credit card. You want to be able to use it anytime, anywhere, but you do not want to be traced. Sure, this is not really a necessity when you take your family on holiday, but there are many circumstances (especially business related) when full anonymity is certainly a plus – unfortunately, many of today's credit cards do not offer it, but you do have a few ways around. Worrying about private information is not about exaggeration. More and more people are concerned about it, especially in the age of technology. You have to be a bit extreme and maybe a little paranoid to protect yourself against all kinds of frauds. Using...

Get the Scoop on Ready Made Companies Before You're Too Late This is truly one reason a few of these companies receive a lousy reputation. In the current fast-paced life, there isn't anything better than obtaining a ready meal. A record of companies heading out of business is really a depressing list. Before you select a residence owner insurance carrier, take a look at a few independent research companies first. Diversity management is extremely long-term course of action. A couple on-line companies specialize in developing custom PPM's, making practical use of the provider's business plan and the financial statement. Ordinarily, companies are in fact managing representation, not diversity, and there's a vital distinction between...

Cryptocurrencies and digital money have always been associated with anonymity and privacy, mainly because of the blockchain technology and the terms associated with digital wallets and gateways. If there was one thing that could go wrong, that was the possibility for these gateways to change their terms. Threatened with the possibility to face fines and even closure, many gateways have had to adopt the latest KYC regulations, as well as AML laws. Times have changed and not necessarily in the best possible way. The necessity to adapt to these requirements is given by the location. Since many gateways are located in countries that embrace such laws, they’re inevitably forced to do the same. Coinbase used to have a non-KYC gateway...

- enacted in late December 2009, heavily includes the best provisions found in other foundation jurisdictions such as Liechtenstein and Panama, but includes its own unique features like more clarity on legal issues, stronger asset protection and more flexibility. The Seychelles Private Interest Foundation (PIF) can be considered the latest way to protect your assets and plan your taxes. It is a highly attractive foundation for people whose major focus is on tax minimization and asset protection. A Seychelles Foundation is a separate legal entity (like a company), but with beneficiaries instead of shareholders (similar to a trust). The foundation essentially functions like a company but acts like a trust. When the founder endows assets...

Merchant accounts and payment processors are a necessity for any e-commerce website. Simply put, without them, you cannot sell goods and services online. Many people want to know more about how to properly choose them and what needs to be configured properly to help their business. Whether you are looking to create an online store or you have a business that wants to switch providers, here is some information that you might find useful regarding merchant accounts and payment processing. What Is Merchant Account? Merchant accounts are types of accounts that help merchants process payments. The payment gateway stores the funds obtained from sales into the merchant account. Then the funds from the merchant account are automatically...

Go down the road and ask someone about offshore banking or wealth management – their minds will inevitably go to Switzerland. Whether it comes to movies, scandals or just plain facts, there are no doubts about it – Switzerland is seen as the international banking capital out there. Some of the world's best rated banks are based in Switzerland, while the plethora of advantages will most likely attract even more people in the future. However, things have obviously changed over the past decade and there are more reasons behind these updates. The way people bank has also changed, which has inevitably affected the banking system. Then, those interested in offshore banking have also contributed to these changes, not to mention government...

Gold has always been rated as one of the safest investments in the world. It is available in a limited amount and its price keeps going up – much safer than flat currencies that come and go every few decades. On the other hand, these flat currencies have an apparently stronger competitor these days – the digital currency. Whether it comes to Bitcoins or other digital currencies, these digital options are not centralized, meaning taxes and fees are extremely low and they can circulate freely across the world – with a few exceptions, of course. Now, you might ask yourself – should I invest in gold? Should I keep going for Bitcoins? How about mixing them up? You can now buy gold for Bitcoins, but make sure you know what it involves...

If you're thinking of starting your own company in the UK, this is your guide! This comprehensive guide will cover everything you need to know about company formation, from legal requirements to financial considerations. We'll also provide tips and advice on choosing the proper business structure and walk you through registering your company with the relevant authorities. So whether you're planning to start a small business or go big time, this is the guide! What is UK Company Formation, and Why is it Important? When you form a company in the UK, it's considered a legal entity separate from your assets. This means that your business can own and operate its assets, make decisions on its behalf, and contract with other companies without...

PayPal has just announced joining the cryptocurrency market – a move that has been anticipated by experts long ago, but not in the near future. The online payment platform has announced that its users will soon be able to buy and sell various digital currencies with no restrictions at all – only by using their own PayPal accounts. PayPal has mentioned it is currently dealing with more than 26 million retail sellers, so the cryptocurrency market is gaining an immense exposure to all these sellers. Virtual coins will be used to buy all kinds of goods – just like any other currency available in the platform. There were multiple rumors regarding such a move over the past years, but PayPal has managed to keep everything secret. Despite its...