Offshore Company, Banking & Cryptocurrency

What do you do when the banking system in your native country is flawed? Or when the financial institutions in your home land cannot give you certain guarantees about the future of your money? Or if the government agencies in place are corrupt unstable organizations ready to go on a witch hunt at a whim? In all of such cases the answer to the problem lies with an offshore banking business. What is an offshore bank? An offshore bank is simply a bank that is focused towards accepting deposits only from foreign individuals and businesses. A good example of this is the countless banks in Bahamas, Belize, Panama, Cayman Islands, Mauritius and Switzerland that offer a great many financial advantages to the people and entities that...

Offshore Bank Account & The Offshore Banks Offshore accounts allow you to bank in a few different currencies. Practically, they involve banking overseas. You might have heard about them and just like most other people out there, you might have some misconceptions about them. For instance, it is worth noting that you do not have to be super wealthy in order to benefit from them. Offshore banks have a relatively high profile and they have often made it to the media due to a plethora of scandals involving celebrities and famous people trying to avoid taxes. The truth is users still need to pay their taxes. For example, you are normally liable for such taxes on the interest you get from offshore accounts, so it is pointless to use them to...

THERE IS NOTHING INHERETLY ILLEGAL ABOUT OFFSHORE BANKING Most of the stigma that surrounds offshore banking is attributed to questionable personalities who use it as an avenue to hide their illegally sequestered funds, wealth or taxable property and/or to evade paying high taxes that come with having great assets. Transferring funds to holding companies outside your country of residence is not technically considered an immoral or illegal act despite that fact that its existence might have been inspired by these unlawful activities in the first place. It is not criminal to open offshore accounts if you yourself do not intend them to be. Howver, it does entail bad business not necessarily for you but for local banks and local...

BVI Incorporation (International Business Company) are an essential or countries whose topography includes coastal areas. IBCs are primarily private corporations flaunting a viable organisational structure. They are exempted of taxes because of their international business affairs. They maintain strict confidentiality within their corporate structure. In 1984, the IBC adopted the British Virgin Island Ordinance and the IBC BVI acquired a prime status in the offshore services industry. Nowadays, BVI is the most famous tax haven as every month, more than 5000 offshore companies get registered and the number of total incorporations has risen to a whopping 600.000! BVI is therefore, the most dominant offshore domicile of present day and...

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...

Why You Should Opt for Offshore Company Incorporation If you’re looking for a newer, more efficient way to do business and to maximize profits, you’ll benefit from learning about the advantages of offshore incorporation. This type of incorporation may be arranged via our firm, and we have all of the experience and knowledge necessary in order to take care of every detail on your behalf. Make the Most of Your Business Activities When developing international businesses, one must perform due diligence (commonly known as dd) about the prospected foreign nation thus allowing partners to limit the risk on both sides in business negotiations like this. Currently, we offer our clients access to incorporation in Belize, the Seychelles and...

An offshore company is set up to conduct its business in a country it is not in resident to. Hence, it follows another country’s jurisdiction. With the country’s jurisdiction comes a set of tax requirements that will require guidance. Offshore tax advice is vital to navigating through understanding a country’s tax process and jurisdiction. Doing so will avoid being charged with tax evasion, which is a criminal offense. Offshore companies work this way. A company conducts its business in Country A. Then, the owner sets up a company it is not in the residence of, which is country B. That offshore company follows the legal business structure under the jurisdiction of Country B. That means that the company is operational in Country A, but...

Offshore banking comes with pros and cons, depending on where you come from, what jurisdiction you choose and what your goals are. There are plenty of attractive options out there, and tax havens often lead the charts because they cater to foreigners. Now, compared to other concepts related to the offshore industry, banking is not necessarily about tax optimization. The jurisdiction of your business and your residency or citizenship are more important. However, banking does play an important role too. Banking is mostly about diversifying assets. You could have an account in a country that feels economically and politically stable. Your money is more likely to be safe in such a place, rather than in developing jurisdictions. When...

John D. Rockefeller made an important statement once – Own nothing, but control everything. Coming from someone with incredible wealth, this aspect has been thoroughly analyzed overtime and has become a top rule for handling money. What he meant is fairly simple to understand. If you do not own anything, it means it cannot be taken away from you. This is what asset protection truly means, and believe it or not, it can be done legally. Most people simply forget about this aspect, though. Back in the early 1990s, only a few people knew how asset protection truly works. With time, the popularity of this concept grew, so by the late 1990s, most millionaires had some clues about asset protection – it started spreading overnight. The...

Payeer is a popular option in terms of electronic payments. It allows its users to make transactions, buy or sell things both locally and internationally. Users can also pay for services and more importantly, they can do it in various cryptocurrencies – usually the most popular ones in terms of ratings. If you have heard about Paypal or Payoneer, chances are you will find Payeer pretty simple to get used to. The operating principles are the same, so there will be a simple learning curve with no issues whatsoever. These days, Payeer has become one of the leading electronic wallets on the market. It is mostly recommended for international payments, but there are not too many restrictions about it. Simply put, you can use it to transfer...

PayPal gained some reputation as one of the leading online payment platforms in the world, whether it comes to people making donations, freelancers or companies. There are different types of accounts and lots of options to set everything correctly. However, PayPal has its flaws as well. Personally, PayPal's high fees pushed me away. Besides, communication with the provider is not always the best, especially if you live in other countries than the USA or the UK. Now, PayPal's merchant account and its fees and restrictions have forced me towards an alternative. There are lots of options out there and the good news is that most of them are less likely to adopt PayPal's harsh restrictions and verifications. I know I am not the only one in...

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...

If you’re planning on forming a company in the sun-soaked Seychelles, you’re definitely making a smart decision. Since this type of incorporation is so very beneficial, many of the smartest and savviest entrepreneurs in the world do choose to form companies in the Seychelles, with a mind to achieving their business goals, via the generation and protection of wealth. In case you didn’t know, the Republic of Seychelles is situated between eastern Africa and India – it’s an archipelago which rests in the sparkling waters of the Indian Ocean. This republic is part of the continent of Africa. To help you understand the myriad advantages of purchasing Seychelles Incorporation via a reputable and affordable provider company, we’ve created a...

If you have ever opened a bank account, you probably know already it takes time, and it requires lots of paperwork. In some countries, you will need to set an appointment, bring bills, proof of address, and so on. Then, you need to wait for approval before getting two separate letters – one with the actual card and another one with the pin code. If you think this is daunting, imagine doing it in a completely different country – you cannot speak the language, and you have no idea what documents to bring in. To keep it simple, this is what an offshore business is like. In theory, it is perfectly legal for a foreigner to open an account in a different country – some countries actually encourage foreigners to come over for investments...

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...

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...