Offshore Company, Banking & Cryptocurrency

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...

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...

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...

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...

As complicated as it seems for an outsider, the banking system in the UAE is actually pretty straightforward. Whether you are planning to move to the UAE or you have just become a resident, the necessity of a bank account is obvious. While cash is still in use, most vendors accept card payments, not to mention the possibility to shop online or get your wages transferred – you are less likely to get a salary in cash. Despite an intuitive process, becoming familiar with the banking system in the UAE is highly recommended before trying to open an account. Just like you have probably guessed already, there are certain requirements you must meet. Furthermore, you will need certain documents and an overview of the local banks in order to...

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...

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...

Go down the road and ask someone about offshore banking or wealth management – their minds will inevitably go to Switzerland. Whether it comes to movies, scandals or just plain facts, there are no doubts about it – Switzerland is seen as the international banking capital out there. Some of the world's best rated banks are based in Switzerland, while the plethora of advantages will most likely attract even more people in the future. However, things have obviously changed over the past decade and there are more reasons behind these updates. The way people bank has also changed, which has inevitably affected the banking system. Then, those interested in offshore banking have also contributed to these changes, not to mention government...

Gold has always been rated as one of the safest investments in the world. It is available in a limited amount and its price keeps going up – much safer than flat currencies that come and go every few decades. On the other hand, these flat currencies have an apparently stronger competitor these days – the digital currency. Whether it comes to Bitcoins or other digital currencies, these digital options are not centralized, meaning taxes and fees are extremely low and they can circulate freely across the world – with a few exceptions, of course. Now, you might ask yourself – should I invest in gold? Should I keep going for Bitcoins? How about mixing them up? You can now buy gold for Bitcoins, but make sure you know what it involves...

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...

Get the Scoop on Ready Made Companies Before You're Too Late This is truly one reason a few of these companies receive a lousy reputation. In the current fast-paced life, there isn't anything better than obtaining a ready meal. A record of companies heading out of business is really a depressing list. Before you select a residence owner insurance carrier, take a look at a few independent research companies first. Diversity management is extremely long-term course of action. A couple on-line companies specialize in developing custom PPM's, making practical use of the provider's business plan and the financial statement. Ordinarily, companies are in fact managing representation, not diversity, and there's a vital distinction between...

- enacted in late December 2009, heavily includes the best provisions found in other foundation jurisdictions such as Liechtenstein and Panama, but includes its own unique features like more clarity on legal issues, stronger asset protection and more flexibility. The Seychelles Private Interest Foundation (PIF) can be considered the latest way to protect your assets and plan your taxes. It is a highly attractive foundation for people whose major focus is on tax minimization and asset protection. A Seychelles Foundation is a separate legal entity (like a company), but with beneficiaries instead of shareholders (similar to a trust). The foundation essentially functions like a company but acts like a trust. When the founder endows assets...

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...

You may already be familiar with the idea of an offshore company, but the truth is things are a bit more sophisticated than they seem. There is not much to worry about though – a little education will lead you in the right direction. When dealing with certain companies and trying to find out more about them, you may find out they are registered in some unusual countries. For example, you may find a company with a local name established in Hong Kong or perhaps Gibraltar. The list can go on. At this point, you may wonder why. The truth is offshore companies come with a series of benefits and each of them is mostly related to the financial situation of the respective business. Here is everything you need to know in order to set your own...

No name association, no ID required and no passport, but 100% legal – this is what you want from a fully anonymous credit card. You want to be able to use it anytime, anywhere, but you do not want to be traced. Sure, this is not really a necessity when you take your family on holiday, but there are many circumstances (especially business related) when full anonymity is certainly a plus – unfortunately, many of today's credit cards do not offer it, but you do have a few ways around. Worrying about private information is not about exaggeration. More and more people are concerned about it, especially in the age of technology. You have to be a bit extreme and maybe a little paranoid to protect yourself against all kinds of frauds. Using...

Switzerland is one of the leading countries when it comes to incorporating companies. It has an excellent reputation, low taxes and notoriety for its security and high quality standards. It has always been neutral and linked to other countries in terms of economics, which guarantees the fact that you will never be taxed in two different countries. With all these benefits in mind, it is no surprise that more and more businesspeople go offshore and choose Switzerland for their companies. Whether you are after establishing a large company or you have a brilliant idea for a startup, Switzerland is an important player on the European market. Moreover, the government also provides support and economic measures to encourage investors. To...