Offshore Company, Banking & Cryptocurrency

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...

British Virgin Island or BVI company formation becomes easier with help from an expert in providing business support services. We have been in this field for several years and have helped those interested in starting a BVI offshore company. This is why you can count on us when it comes to this task. Because we know how important it is in this venture to make a well-informed decision, let us give you the information you need to start things right. Why consider BVI company formation? Forming a British Virgin Islands offshore company, more popularly known as BVI Business Company, comes with advantages, which include: Communication is easier with English as the language; the US dollar is the currency. Another tax haven, BVI frees...

Most commonly, it makes sense to incorporate a business in your own state, whether you register a small business, a medium enterprise, or even a large LLC. Most people choose this option because they are familiar with the laws and, well, it is more convenient. However, there are also people who choose to go a long way and get out of the comfort zone. Sometimes, it is worth traveling and becoming familiar with a new state, especially if this effort brings in a plethora of advantages. A Wyoming company is one of the hottest topics in the entrepreneurship industry these days. You do not necessarily have to reside in Wyoming to start a company there, so more and more business people choose this state for incorporation. At this point, you...

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...

Every day the market gets more and more unstable. The prices of the goods are constantly changing, and with it, the currencies exchange rates. It is not easy to predict what will happen tomorrow, but we need to be prepared for any scenario. This list will help you understand if your currency will appreciate or depreciate. Are you planning a vacation abroad? Do you have a budget set for your next big purchase? If so, currency exchange rate fluctuations could have an adverse effect on your finances depending on which countries you visit and what goods you buy. However, for all those travelling enthusiasts looking for the best travel destinations worldwide, a country with a weak currency can be a cheaper alternative. Every day...

On a proportional rate to its economy, the banking system in Cyprus is impressive. It is large and widely diversified – even larger than the banking systems in bigger and more developed countries. In 2010, the total assets of the banking system were almost 900% of the GDP. Other countries in the European Union ranged around 350%. The idea behind this system is fairly simple to understand. There are many domestically run banks out there with numerous overseas applications that count as part of Cyprus. But then, even without these banks, the banking system is still too large for this tiny country and can easily exceed 700% of its GDP (Gross Domestic Product). But despite these numbers, Cyprus is not the leading country in this segment...

Bermuda is one of the top-rated options on the market when it comes to offshore banking. It has always been seen as a tax haven, and it has gained notoriety for the excellent deals offered in terms of tax optimization and banking. Offshore banking in Bermuda will allow you to optimize your assets. Plus, banking abroad gives you new opportunities. Get used to a different banking system, other quality standards, and different strategies for your business. With these thoughts in mind, Bermuda is clearly not the only option out there. Different people have different needs. But unlike other similar destinations, Bermuda has always been clean and transparent. While tax-friendly, the jurisdiction has never been involved in any scandals...

If you are into business, entrepreneurship, or offshore applications, chances are you have seen Luxembourg popping up every now and then among the best jurisdictions to start a business in. For many years, it has been credited as a tax haven for wealthy business people. Obviously, things have changed a lot over the past decade, and the concept of a tax haven is no longer what it used to be. There are different reporting standards these days, as well as anti-money laundering directives and laws, so pretty much everything is reported. It is almost impossible to find a proper tax haven to hide your money these days. With all these, Luxembourg is still among the modern tax havens – the kind of places where you cannot really hide money...

Whether you are going offshore for tax optimization, asset diversification, or you simply plan to retire or live in a different country, it is imperative to plan everything in small details. It makes no difference if you are trying to find a more stable economy or just one with a low cost of living. Different offshore entrepreneurs have different reasons to change their countries. Sometimes, it is only a matter of becoming an international citizen or having a plan B. Other times, you may find your local taxes to be too abusive, hence the necessity of a different plan. No matter what you are after, there are normally two days to do it. Here is everything you have to know before choosing offshore services providers. Doing...

Despite being part of the EU – an advantage for some – and reporting foreign accounts on request, Cyprus is still an attractive jurisdiction for entrepreneurs from all over the world. Sure, it may no longer be the tax haven you knew a decade or two ago, but the environment is still business friendly. It pays off researching everything before deciding on Cyprus company formation. There are more types of companies you can go for, and each of them comes with pros and cons. All in all, here is everything you need to know before investing your money. Why incorporate in Cyprus Compared to other countries in the EU, Cyprus has the lowest tax rate – set at 12% only, so it is still an advantage that can help you keep more of your money. The...

So, you want to send some money without anyone else knowing, right? It makes no difference why and no one really cares. Perhaps you are trying to buy an engagement ring for the love of your life. You want to hide the transaction from the statement, especially if you have a joint bank account that both of you can access. Maybe you want to buy some upgrades for your car or perhaps some new tools. You do not want your partner to know about it because you know they will always tell you that there are other priorities. How about a game upgrade? How about a console? There are so many things that you may need to hide that you barely know what to buy first. Then, keeping anonymous is not just about hiding payments from close family members...

The cryptocurrency market has exploded over the past years. The speed of this market is incredibly high, making the less experienced struggling to keep up with it. There are over 5,000 different types of cryptocurrencies out there, while the overall market capitalization exceeds $200B. Market research estimates this industry will grow even further – up to 25% per year. Now, when it comes to crypto payment gateways, your options may not be as diversified, but it is still difficult to make a decision. You do have options out there. However, you have to avoid diving in without any research at all. Indeed, more and more merchants accept digital coin payments these days, but different solutions are suitable for different businesses...

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 act as intermediate for...

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...

Wise and seasoned investors know very well how to avoid putting all their eggs in one basket. This is one of the fundamental rules of investments, and sadly enough, newbies often overlook it. Professionals, on the other hand, try to familiarize themselves with different types of investments out there. This is all about risk assessment. Investing all your money in one thing could lead to a dramatic outcome if your investment fails. Professionals will use their education and knowledge to find out how to make money in a few different ways – if something fails, something else may actually work, meaning less risk. In terms of investments, there are plenty of baskets to choose from. However, it is important to understand how each...

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...