Finance & Crypto Insights

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 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...

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...

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...

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...

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 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 25,000 different types of cryptocurrencies out there, while the overall market capitalization exceeds $1 Trillion. Market research estimates this industry will grow even further – up to 13-15% 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...

There are around 17000-25000 cryptocurrencies on the market today (listed on the major platforms), and their market cap is anywhere around $3.44T, 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...

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 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...

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...

We hope this post finds you well. Today, we want to highlight something incredibly valuable within our community, the OffshoreCorpTalk forum. Many of you might already be familiar with it, but we believe there's always something new to discover here! OffshoreCorpTalk isn’t just any forum; it's the leading online platform dedicated to discussions on wealth accumulation, offshore strategies, tax optimization, and business management. Whether you're initiating a startup, considering moving abroad, or looking to manage your taxes more efficiently, our forum is the ultimate resource for you. Here are some of the key topics we cover: Golden visa solutions Second citizenship options Comprehensive immigration services Strategies for...

When a person says that they have an offshore banking account or are doing their banking in an offshore jurisdiction they are merely referring to the financial dealings that they have with an offshore banking unit. As the name suggests an offshore banking unit is off the shore or not in the native country of your residence. In other words it is simply a branch of a foreign bank that is located in another country. Such places are often also referred to as an offshore financial center. For example it could be an American bank that has a branch in Cayman Islands or a British Bank with a branch in Switzerland. How does an offshore banking unit operate? First off all lets get it out of the way that an offshore banking unit is a...

More and more entrepreneurs turn to offshore companies for a wide variety of benefits. To lots of business people, this is all about reducing tax and diversifying assets. To others, it is about minimizing the overall hassle. If you are "lucky" enough to live in a country with lots of bureaucracy, you know how daunting it is to meet all the requirements. You need lots of paperwork, and each paper requires weeks of waiting. You end up spending hours in queues, only to be told to bring more papers. Certain countries, on the other hand, provide extra benefits by canceling all the paperwork and easing the actual investment. Take Estonia, for instance. It is one of the most appreciated locations for offshore entrepreneurs and for some...

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...

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...