Offshore Company, Banking & Cryptocurrency

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We do not really have to mention it again… The Mentor Group Gold section of our forum brings in access to exclusive providers, regardless of what you may need for your offshore business – be it a bank account in Switzerland, a new company in Dubai or accounting solutions to reduce the tax. Moreover, there are forum threads that simply cannot go in the public forums. Exclusive interviews Exclusive interviews with the people behind these services will also help you find out more about one thing or another. Discover the human side of the business and have your questions answered. Still not convinced? The latest addition to the Mentor Group Gold section brings up an explosive piece of content that will tell you everything you need to know...

You have probably heard about wealth management – maybe spotted a few businesses too in top-rated areas. The concept makes perfect sense, but there are certain misconceptions that can change everything. In theory, a wealth management company provides investment management, as well as detailed and professional financial advice. A personal manager will deal with complex financial situations, not to mention coordinating financial experts based on the clients’ necessities. When it comes to financial planning services, wealth management is probably the most advanced one. This is the ultimate goal. Investment management is probably the most common service, and it comes from people with decades of experience. Tax guidance is another...

The Panama Papers represent over 11 million documents that were leaked in the spring of 2016. The documents provided access to a series of financial documents – more than 200,000 offshore businesses and individuals, including attorney-client conversations and details as well. Some of the documents were recent, but others dated back to the 1970s. The papers were stolen and leaked from Mossack Fonseca – an offshore law company based in Panama. Documents were associated with both low-profile companies and large corporations – including wealthy individuals known all over the world. Most of the data were kept private until these papers came out. Various governments took action based on these leaks – for instance, Jan Marsalek was...

As more and more people feel the need to have an offshore bank account, the more our governments feel the need to tighten the noose and prevent their citizens from financial security. Many governments like the US government actively look to crucify or tie up with foreign banking institutions to impose regulations and terms that are largely unfair and prevent American citizens from diversifying their risk of investment and safeguard their money. Hong Kong banks however have not fallen prey to such tactics and as a result remain some of the best banks in the world to open a bank account. For long now, Hong Kong banks have been the center of attraction for people who desire a greate3r amount of control on their money and financial...

Moving to a new place may seem easy at times, but there are certain countries that will bring in a bunch of challenges. Now, different people have different reasons to move abroad. These reasons do count as well, but overall, choosing the location carefully is the more important factor. Now, why would you choose a different country? Maybe you are thinking of retiring. You have a home you want to sell, buy a different one in a different country and live off your pension or investments. Maybe you want to invest in a nice country with a stable economy and low taxes. How about getting ready for further investments or retirement? No matter what your reasons are, immigration consulting is often the main necessity. Think about it for a...

Breaking down and better understanding the legality of offshore bank accounts When most will think of offshore bank accounts they think of these shadowy corporate entities and greedy CEOs that are looking for new ways – and new shelters – to hide their money in so that they don’t have to foot the same kind of tax bill that everyday citizens like you and I have to pay every year. And though there are certainly a fair share of greedy people out there that leverage offshore bank accounts for exactly that purpose (and probably a lot more than you would ever of imagine), the truth of the matter is that offshore bank accounts are just like traditional bank accounts – except they offer significant benefits and advantages that you would...

By the time people reach their forties, they have usually amassed a few valuable assets like a house. With your growing financial portfolio and assets, it is important that you take steps to protect them. In this depressed economy, every asset you have and every dollar you earn is at risk. Creditors and litigators have become like vultures circling any successful person with unprotected assets. The only way to protect your hard-earned valuables is by setting up an appropriate asset protection plan. The most important thing you need to keep in mind is that you have to start planning in advance. Only a few things you do after a liability or claim arises can diffuse the situation. In fact, most things you do afterwards could be considered...

In the last couple of decades or so, Bahamas has without a doubt emerged as one of the most favorable offshore banking destination for the rich and the successful, especially for those that are based out of the US. Why is it so then? Why do so many people now prefer Bahamas to traditional destinations like Switzerland, Cayman Islands or Panama? There are a number of reasons why. Easy access Even the official website of the country proudly claims that there is no better place for your financial investments and only once you deal with banking institutions in the islands, do you realize how true that is. For those people who are unaware about how to go about creating an offshore account, their Prime Minister’s office has even created...

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...

Bahamas still remains one of the most popular places for business owners and individuals to open an offshore bank account and when it comes to the tropical paradise, Bank of The Bahamas rules the roost. The bank that has been in existence since 1988, has longed formed a reputation for being at the forefront of the Bahamian banking scene, providing customers with impeccable, quality service while maintaining stern privacy standards. The beginning of Bank of The Bahamas Bank of The Bahamas had its humble beginning when the government of Bahamas tied up with the euro Canadian Bank Limited to start a new bank whose intention was to operate solely out of Bahamas, run for the Bahamian by the Bahamian. This is why; even today Bank of the...

Fraud and scam refer to the exact same thing, and unsurprisingly, they seem to target every segment or industry that seems to gain popularity. Unfortunately, a moment of inattention is more than enough to lose thousands, if not more. As if offshore banking isn’t seen with shady eyes already, some banks and institutions are making the whole situation even worse by grabbing customers’ money in illegal ways and failing to return them when needed. Offshore banking is not in the best situation at the moment. With quite a few scandals over the past few years based on leaks and governmental institutions hunting citizens' money abroad, legitimate banks seem to struggle to get new clients due to this overall feeling of negativity. Plus...

Second passports, citizenship requirements and investments – such things may seem complicated for a newbie. To the average individual, a citizenship is about naturalization. You work in the host country for a particular amount of years, get used to the local system, learn about its culture, and eventually take a test and pay a fee – done. But then, there is an easier and quicker way to do it – the citizenship for investment. In theory, it may sound a bit fishy. You basically have to pay to get your citizenship. It does not seem too fair, but who cares? The truth is you are not buying the actual citizenship, unless you choose to make a donation. You can also invest the money, meaning you have a good return on investment. It is all...

Belize is a favorite offshore company haven. The reason being is that Belize made their country’s laws friendly for foreign businesses. It also has stable politics and economy, protecting offshore companies from unexpected liabilities. Here is a breakdown of the Belize Company Formation. What is Belize Company Formation? Belize Company Formation is the creation of an offshore business in Belize. Belize is a business capital. The business environment in Belize allows an offshore company to establish itself as a legal entity. There is no restriction for company formations there, for both local and foreign stakeholders. The only difference is that of a non-resident owner having to gain the approval of a bank. Why Choose Belize? Belize...

Bermuda is one of the traditional offshore destinations for those looking to diversify their assets or optimize tax. Over the past decade, the offshore industry has been, indeed, affected by numerous leaks that have made it even more difficult for entrepreneurs to go abroad. While some countries look like dead ends, Bermuda has managed to retain its status. It has remained one of the most transparent nations out there, providing high-quality results without breaking any international laws or standards. Bermuda's reputation is still clean. Despite maintaining a tax-friendly environment for entrepreneurs, the island nation has not been targeted by larger countries trying to enforce their own rules into foreign territories. Other...

When trading cryptocurrencies, you practically speculate. You focus on one or more markets and try to indicate the direction. Will the market rise? Will it fall? It is all about its value. You do not actually own the digital asset and you do not buy it, but you place a bet on it. Obviously, trading cryptocurrencies goes further than that and there are more things to take in consideration before starting your journey. Some people have earned impressive amounts of money over the past years. To some, it was a matter of good luck. To many others – including today's successful traders, making money involves serious analysis, good skills and a bit of experience with digital currencies. Everyone has started at the bottom and built their way...

As you deal with Bitcoin and make one transaction after another, there is a point when you realize that anonymity is not always there. You have done your homework and you have assessed the benefits of digital coins – cryptocurrencies are meant to be anonymous. Indeed, they will not necessarily link to your actual identity. But then, there are other small details that can reveal your actual identity. The address of your Bitcoin, for example, is public. Your history of transactions can also be discovered. If you are not careful, they can be put together and may reveal your real life identity. Discovering who you truly are is not of great interest, unless you deal with high amounts of money. Most people would try to conduct transactions...