Offshore Company, Banking & Cryptocurrency

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...

A brief search over the Internet will expose you to different points of view. In terms of taxation, you will discover different concepts and ideas. The fact that taxation is theft is often among them – an idea that is constantly brought up as often as possible. Sometimes, it comes with a question mark. Other times, it comes with an exclamation mark. One thing is for sure, though – this concept draws more and more attention, especially in a world where you can travel, move and do business abroad in order to reduce tax. So, is taxation theft? From some points of view, it is. From other points of view, it is not. At the same time, it also depends on what type of society you live in. It is definitely theft in a corrupt third-world...

While not new at all, the AML5 – a directive for anti-money laundering operations – is a challenge for many financial institutions and businesses. Many of these institutions are not even fully aware of it or what it actually implies. Before even getting fully implemented by everyone, a new directive came out – AML6. The tax reporting standard AML5 and now AML6 may have serious consequences for those who fail to bring it in properly. The legislation was introduced in the summer of 2018. Every country in the European Union had to introduce it into the national legislation by the beginning of 2020. Many organizations have managed to become compliant, but then, many are not fully prepared for these standards yet – mostly because they...

Different OffshoreCorpTalk forum users stick to different online payment platforms – whatever works for them. Then, different platforms come with different terms and conditions. One thread in particular has caught our attention due to the wide discrepancies in opinions and facts. Regarding the versatile payment platform Stripe, more and more people fail to understand the terms and conditions associated with it, facing all kinds of issues. Here are a few things you should know before turning to Stripe. Business identification requirements This is probably the most important requirement from Stripe. The business ownership verification is applied to business owners only. The physical location will be verified – make sure you can get...

Singapore is one of the finest countries to develop based on its competitive growth regarding its successful economic status. The Lion City's thriving financial hub continues to grow over the years because of its popularity; it remains a melting pot of prestigious businesses, may it be domestic or international companies. Moreover, Singapore is also widely known as one of Asia's "rising tigers" due to its economic growth in businesses, such as agriculture, electronic manufacturing, and many more. Along with it is the country's booming and convenient corporate tax rates that numerous business holders follow through accordingly. Indeed, it is the most recommended country to start a business in, especially for international companies...

Seychelles CSL company is not very known by the public, but can have a huge impact if you are doing business with China, India Russia and the most of the Baltic countries, regardless if you are selling or buying to those countries the profit impact a Seychelles CSL Company can have is enormous. Actually it is very easy and fast to incorporate a Seychelles CSL Company, what one will need is not only the CSL but also to have a intermediate holding company situated within the EU, Cyprus is used to be the place of incorporation for such an intermediate holding company because of the double taxation agreement Cyprus has with the Seychelles and the normally low corporate tax of only 10%, in this case mentioned where the Cyprus company will...

Are you thinking of starting an offshore company in Seychelles? That would be easy. Primarily, you are not required to be a resident or to even visit to be able to open a Seychelles offshore company. All you need is a fully-detailed Seychelles company formation so you begin on the right track. Trust us to assist you with the International Business Company or IBC business setup as we have the appropriate skills and experience to get the job done. But first, our goal is to help you make a well-informed decision. Let us share with you some background information. Why set up a Seychelles offshore company? Primarily, you need to know the benefits or advantages of starting a Seychelles IBC. Here are the 5 strong points: Your company will...

It makes no difference what kind of investment you are trying to make. It also makes no difference what kind of broker you deal with. Unless you pick an unknown name from a third-world country that most people cannot even locate on the map, chances are you will be asked for the country that you are a tax resident in. You will also be asked for the corresponding tax identification number, which may come under different technical names. What is the catch then? What is the point of such information and what do you do if you travel a lot or deal with an offshore industry? Here is everything you need to know at a glance. Understanding the common reporting standard The common reporting standard – CRS – was introduced in 2014 and was...

The golden visa is no longer a rare occasion to be allowed entry into a country. Instead, golden visa programs have become extremely popular lately and they are widely implemented by countries from all over the world. The concept has gained more notoriety in Europe though, yet you can find similar programs all over the world – even if they are advertised under different names. To keep it simple, such a program will provide a temporary residence permit. Requirements and laws vary from one country to another. For instance, you could get a permit for a few years or perhaps one that will cover you until you can apply for citizenship. If there is one thing these programs have in common, that is the way to get the visa – a solid investment...

If you have ever opened a bank account, you probably know already it takes time, and it requires lots of paperwork. In some countries, you will need to set an appointment, bring bills, proof of address, and so on. Then, you need to wait for approval before getting two separate letters – one with the actual card and another one with the pin code. If you think this is daunting, imagine doing it in a completely different country – you cannot speak the language, and you have no idea what documents to bring in. To keep it simple, this is what an offshore business is like. In theory, it is perfectly legal for a foreigner to open an account in a different country – some countries actually encourage foreigners to come over for investments...

If you’re planning on forming a company in the sun-soaked Seychelles, you’re definitely making a smart decision. Since this type of incorporation is so very beneficial, many of the smartest and savviest entrepreneurs in the world do choose to form companies in the Seychelles, with a mind to achieving their business goals, via the generation and protection of wealth. In case you didn’t know, the Republic of Seychelles is situated between eastern Africa and India – it’s an archipelago which rests in the sparkling waters of the Indian Ocean. This republic is part of the continent of Africa. To help you understand the myriad advantages of purchasing Seychelles Incorporation via a reputable and affordable provider company, we’ve created a...

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...

PayPal gained some reputation as one of the leading online payment platforms in the world, whether it comes to people making donations, freelancers or companies. There are different types of accounts and lots of options to set everything correctly. However, PayPal has its flaws as well. Personally, PayPal's high fees pushed me away. Besides, communication with the provider is not always the best, especially if you live in other countries than the USA or the UK. Now, PayPal's merchant account and its fees and restrictions have forced me towards an alternative. There are lots of options out there and the good news is that most of them are less likely to adopt PayPal's harsh restrictions and verifications. I know I am not the only one in...

Payeer is a popular option in terms of electronic payments. It allows its users to make transactions, buy or sell things both locally and internationally. Users can also pay for services and more importantly, they can do it in various cryptocurrencies – usually the most popular ones in terms of ratings. If you have heard about Paypal or Payoneer, chances are you will find Payeer pretty simple to get used to. The operating principles are the same, so there will be a simple learning curve with no issues whatsoever. These days, Payeer has become one of the leading electronic wallets on the market. It is mostly recommended for international payments, but there are not too many restrictions about it. Simply put, you can use it to transfer...

John D. Rockefeller made an important statement once – Own nothing, but control everything. Coming from someone with incredible wealth, this aspect has been thoroughly analyzed overtime and has become a top rule for handling money. What he meant is fairly simple to understand. If you do not own anything, it means it cannot be taken away from you. This is what asset protection truly means, and believe it or not, it can be done legally. Most people simply forget about this aspect, though. Back in the early 1990s, only a few people knew how asset protection truly works. With time, the popularity of this concept grew, so by the late 1990s, most millionaires had some clues about asset protection – it started spreading overnight. The...

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...