Offshore Company, Banking & Cryptocurrency

Incorporating in the USA seems like a bad idea at a first glance. Most entrepreneurs would rather focus on low tax jurisdictions – in fact, if you play your cards right, you might be able to avoid tax at all, without even breaking the law. However, the USA does have some advantages and some states in particular stand out. This is because while the whole country falls under some general laws, each state has the right to come up with its own regulations. Delaware is one of these states. More and more corporations choose Delaware and for some good reason. But then, just like any other state, it has both advantages and disadvantages. Here is everything you need to know about incorporating a Delaware company. Benefits of incorporating...

While saving for retirement is the norm, the truth is more and more people turn to diversify their assets in order to avoid depending on the government. After all, by the retirement age, there is not much you can do to get back on track, so you truly depend on a bunch of rich individuals. If it is already too late, you can still aim to diversify assets by diversifying your retirement plan and even moving it abroad. Not only do you get protection against the American government, but you could also end up with much higher returns in the long run. Retirement account confiscation seems to be the norm these days. Governments have proven already that they can cut pensions whenever a so-called crisis kicks in. Basically, they help...

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...

In May, 2010, the Dubai’s Mall Galleries Lafayette brought in a new ATM. The machine allowed customers to withdraw cash, as well as gold – a few grams or perhaps a large gold bar, up to each customer. It was proof of opulence back then. No other country had something like that – the possibility to walk in the mall on a Thursday morning and withdraw some cash and a few grams of gold. Everything was possible with a credit or debit card. Now, if you go back in the history of modern civilization, you will realize that money has pretty much always been backed by gold – officially or not. Despite the gold ATM gaining some popularity in the UAE, the country’s fiat currency is not actually backed by it. In fact, it is impossible to find a...

IT ISN’T CRIMINAL TO HAVE AN OFFSHORE BANK ACCOUNT Contrary to popular belief, you won’t get in trouble with the law for opening your own offshore bank account to transfer some or most off your assets there. The process can get very complex however and if you don’t follow the set rules and regulations you may face some serious consequences. Misconceptions surrounding offshore banking are further fuel by criminal activity in the form of high stake tax evasions and money laundering lawsuits. So in truth, the only way for offshore banking to be considered criminal is if you intend it to be. Other than that, it gives you loads of benefits. WHY DO MOST PEOPLE OPT TO MANAGE THEIR FINANCES OFFSHORE? Offshore banking is actually a very...

If there is one constant in the vast, ongoing, cryptocurrency exchange war, it’s this fact: Kraken is a big dog. Despite fierce competition from feature-rich Coinbase and Binance, Kraken remains a force to be reckoned with due to its large crypto asset catalog, numerous other attractive features, and global reach. For these reasons and more, Kraken remains a top-rated, overall trader choice winner for cryptocurrency trading, along with Coinbase and Binance. Whether you want to invest in the crypto long term, trade crypto assets in the shorter term, or you just want to make a cost-effective cross-border transfer, Kraken is the exchange to rock out to. Cryptocurrency exchanges used to be largely defined by the coin listed. Nowadays...

Most people would be unable to locate Liechtenstein on the map, yet those with an entrepreneurial spirit can probably relate to it as one of the safest and most stable jurisdictions in Europe – not a tax haven, though. Liechtenstein is a micro state – a constitutional monarchy – located between Austria and Switzerland. Covering just over 60 square miles, it has fewer people than a neighborhood in a large city – less than 40,000. With all these, Liechtenstein has a few different municipalities, and its capital is located in Vaduz. Now, here comes the interesting part. From a financial point of view, Liechtenstein is among the countries with the highest GDP per person in the world. Back in the day, Liechtenstein was known as a tax...

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...

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...

A big name in the financial world, wise is a FinTech company devoted to making international money exchange simple for its users. Because of its top-class feature of sending money to other countries at minimal charges to most banks, wise is gaining immense popularity. Additionally, they hold money in currencies of different nations for their customers having both personal and business requirements. wise is gaining massive attention from people looking to facilitate cross-border money transfers and avoid paying massive taxes. This rising attention is turning more people towards using wise for facilitating global payments. However, before beginning to initiate payments using wise, you need to go through this complete review. Once you...

Incorporate business in Panama in an independent offshore jurisdiction and if you are one among them then you need to consider the option of Panama Company which can be incorporated under the corporate legislation. Name of Panama company can be chosen in any language but it needs to have the legal endings like corporation, incorporation etc. Name needs to be unique and it must be different from already reserved or existing names. It is necessary for the Panama companies to have registered office address and an agent who is law firm or an attorney. Head office address can belong to any other country. Shares of the company can be given to other companies and individuals even if they are not residents of Panama. Minimum 1 shareholder is...

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...

Merchant accounts and payment processors are a necessity for any e-commerce website. Simply put, without them, you cannot sell goods and services online. Many people want to know more about how to properly choose them and what needs to be configured properly to help their business. Whether you are looking to create an online store or you have a business that wants to switch providers, here is some information that you might find useful regarding merchant accounts and payment processing. What Is Merchant Account? Merchant accounts are types of accounts that help merchants process payments. The payment gateway stores the funds obtained from sales into the merchant account. Then the funds from the merchant account are automatically...

It may sound surprising to some, but the truth is most people running LLCs in New Mexico do not actually live in New Mexico. On the same note, New Mexico company formation seems to be a trend these days, as the state has become extremely attractive for business people. The state is extremely popular among those who want to keep low costs, optimize taxes and even get some extra privacy. It is easy to tell why – after all, there are no annual fees or reports. You only need a registered agent, which every state in the USA requires. You can even file for LLC over the Internet, so there is no need to travel there. All in all, there are a bunch of small things that have changed the business face of New Mexico. This article will explore the...

Obtaining residence permits comes with all kinds of pluses and minuses. Then, there are so many myths that you barely know what to believe. There is always someone out there who claims to know everything. Now, no matter where you are trying to settle, there are usually two options to choose from – doing everything yourself or hiring a professional. To keep everything crystal clear, you do not have to be a citizen to live in the respective country. You could get a temporary residence permit, but you might as well obtain a permanent residence permit. Doing everything yourself is not impossible. You need to research everything and deal with lots of paperwork, but it is doable. A service will get the job done faster, but for a price...

Everything You Should Know About Getting an Offshore Bank Account Across the World There are so many misconceptions about having an offshore bank account that you barely know what to believe. If you are new to this industry, chances are you associate offshore activities with the numerous scandals involving celebrities over the past years. Some may see offshore accounts for savvy businesses, while others find them more suitable for shady accountants. The truth is you do not have to be a millionaire to open an offshore bank account. You do not need to run a particular business or operate in a specific field. A bit of research, finding the right bank and the right documents can give you access to private banking in another country within...