Offshore Company, Banking & Cryptocurrency

Buying cryptocurrency is something everyone wants to get involved with, but most people have no idea where to start. In theory, the job is fairly simple – register for a cryptocurrency wallet or exchange and get buying. In practice, you will face a series of potential complications that could arise on the way, starting with the actual registration and ending with the fees and taxes. Most people imagine that cryptocurrency can be bought like groceries or shirts – wrong. In fact, you will be surprised to find out that some wallets or exchanges do not really accept cards. Sure, there are other options out there, but using a card gives you a feeling of safety, rather than having to register with other services and products. As a...

Planning to start an LLC (Limited Liability Company) in the USA? You better get ready to deal with one of the most bureaucratic systems in the world. At first, it’s perfectly normal to feel overwhelmed with the wide variety of forms and requirements in terms of paperwork, but once you get used to it, it becomes a breeze. There are certain documents you need to learn about to ensure you meet all the regulations. While the list may vary based on the type of business or industry, here are the most common forms and what each of them requires. Understanding Articles of Organization This is the first form you’ll have to pay attention to. The form will basically create your LLC and register it with the Secretary of State. Obviously, before...

You have probably heard about them and you know they could make you a millionaire or broke – cryptocurrencies represent a hype these days. Despite their popularity, they can be quite confusing and not always crystal clear. Some people claim they can get you broke, but they have no clue what they are or how they work – the classic misconception from those skeptical about new things. Some others claim your wealth could skyrocket overnight, but this is also a myth. A cryptocurrency can make you money if you know what you are doing – pretty much like everything else in the trading history. You go online and try to find some answers to your questions, but most explanations out there are still confusing. All in all, this guide will give you...

The online market has seriously evolved in the last years and the dark web has gone even further. To the least experienced users, the dark web consists of websites that search engines do not really index. To the experienced ones, the dark web provides access to a plethora of things you may not be able to find otherwise. From this point of view, darks have also evolved. There is a market out there for forged documents, whether it comes to important passport and ID documents or less significant utility bills and bank statements. Understanding this market will help one make better decisions, whether it comes to registering a company abroad or starting an online wallet. The growth of this market is mostly possible because of the high...

Seychelles International Trusts are attractive alternatives to international trusts set up in other offshore jurisdictions. Seychelles International Trusts are regulated by Seychelles International Trusts Act, 1994. KEY FEATURES • An International Trust must have a licensed by SIBA Seychelles resident Trustee. Non-resident co-Trustee as well as a Protector may also be appointed; • Settlor can be Beneficiary, but not a sole beneficiary; • Settlor cannot at any time during the duration of the International trust be a resident of Seychelles; • An International Trust can own property worldwide, but not in Seychelles.; • Duration of an International Trust is up to 100 years unless terminated earlier; • An International Trust...

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...

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...

Wise was originally launched in 2011. It had a different name back then, but it got rebranded in 2022. The purpose of this service? Making international payments a breeze. Basically, the goal was to make transfers almost instant – compared to banks, which normally take a few days. Another goal was to make transfers cheap – compared to banks, which take a good chunk of the money. Most importantly, Wise tried to make everything simple. Accounts can be opened in different currencies and exchange rates are fair. Simply put, there is no need to waste a fortune on middlemen getting the job done for you. After all, this is what traditional banks are about – they are intermediary users that facilitate transfers for a price. Now, some may know...

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...

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...

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...

There are around 2,000 cryptocurrencies on the market today, and their market cap is anywhere around $300 billion, with plenty of fluctuations. The space has gained lots of notoriety over the past years, especially with the leading digital currency – Bitcoin – reaching some extreme values in 2017 and dragging other currencies along. From this point of view, investors worldwide push to trade in this industry, especially as more and more stores and institutions accept digital currencies these days. On the same note, numerous cryptocurrency platforms have come out to meet these traders' meets and necessities but also to provide a solid infrastructure for trading. These platforms are referred to as crypto exchanges. But then, if you are...

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...

The OffshoreCorpTalk forum is fully dedicated to providing educational resources, guides and partnerships to those interested in starting or expanding their offshore ventures. Whether you’re interested in starting a business in Georgia due to the low taxing system or you need to know more about permanent residency to Portugal, we’ve got you covered. But as some of you may have noticed in both the regular forums and the Mentor Group Gold sections of the platform, there are quite a few advertisers or businesses offering their services. Which one is the best? Reviews and discussions will usually point you in the right direction. From a business owner’s point of view, standing out in the crowd is much easier when you actually take...

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...

Whether you are after cryptocurrencies, trading opportunities or you only want to start small and build up overtime, chances are you will inevitably run into crypto wallets as well. Crypto wallets and digital currencies go hand in hand just like your physical banknotes and your leather wallet. However, diving in without any education is likely to expose you to numerous risks, as well as a few issues. Not only do you have to understand what a crypto wallet is, but you also have to figure out how it works and what its features actually mean. Browsing the top 10 crypto wallets on the market may seem like a good idea for a beginner. If thousands of people recommend one wallet or another, there must be something good about it. But as you...