Offshore Company, Banking & Cryptocurrency

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...

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...

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...

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...

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 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...

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...

A Deadly Mistake Uncovered on How to Get a Power of Attorney and How to Avoid It There are various kinds of Power of Attorney used in the States. In the instance of the overall power of attorney, the agent does not have any restraints whatsoever. The individual or organization was chosen, should be an individual or organization which will not abuse the power that's been given to them. Examples of the trigger include as soon as the principal reaches a specific age, a specific calendar date, or when a doctor certifies the principal is now incapacitated. A health power of attorney is comparable as it appoints someone to make decisions regarding your health care. To begin with, don't pick the attorney only because she or he charges the...

Gold has an impressive history, as well as a high value that has never gone down. It is part of the culture, and despite being popular today, it is not just a trend. Gold has always been an important asset, whether you count ancient Chinese, Greeks, or Egyptians. These days, gold is appreciated for its beauty in jewelry, but also for its value – one of the most useful investments out there. There are more reasons wherefore people buy it – one of the most sought-after metals, no doubt. But then, learning how to buy gold could be a bit tricky. The price of gold keeps fluctuating – just like any other asset out there. It is used for jewelry, investment guarantees, and even the manufacturing industry. The past century saw an even greater...

Breaking down how offshore bank accounts actually work More and more people are getting interested in the idea of leveraging offshore banks and offshore bank accounts these days, and it’s easy to see why. After all, following the economic collapse of the mid-2000s that the global community is still trying to dig out of almost 10 years later things aren’t exactly sunshine and roses when it comes to the financial stability of traditional banking options. Combine that with horror stories on the news about governments (including the United States) seizing assets from her citizens and then charging the assets with crimes so that they can take money without any recourse – and that’s just the tip of the iceberg – and you’ll begin to see...

In an attempt to fight organized crime and boost the tax income for governments, the Spanish presidency of the European Union and the local parliament have reached a new agreement regarding asset confiscation. The new directive covers all the countries in the EU and it’s likely to affect countries that are hoping to join anytime soon, such as Moldova or Ukraine. This new law brings in some minimum requirements in terms of tracing and identifying criminal property. The so-called unexplained wealth is often associated with criminal activities, even if the aspect could only involve income that hasn’t been taxed. In other words, the money can come from legal activities, but dodging taxes means it’s illegal. According to Felix Bolanos...

You just need to take a decision for incorporating a Hong Kong company and make choice of the name and you can them easily apply for the incorporation with Companies Registry Hong Kong. You can simplify the process of Hong Kong Company by giving a simultaneous application for the company incorporation for registration. How to apply for Hong Kong Company You have to make the delivery of all documents online at e-Registry with the required fees. You need to submit incorporation form, cope of the articles of association of the company and a notice to registration office of the business. Fees for Hong Kong Company Registration If you want to incorporate a limited company by shares then you need to pay the following fees for various...

Hong Kong is a part of the People’s Republic of China. However, it operates differently from the mainland. As such, the region’s jurisdiction rules in an independent manner. Hong Kong is a popular offshore company establishing-ground for various reasons. The Definition of Hong Kong Company Formation Hong Kong Company Formation pertains to the creation of an offshore company based in Hong Kong. The offshore company will have a non-residential status in Hong Kong. The rationale of an offshore company works this way. A company conducts its business in country A. Then, the owners set up an offshore company in Hong Kong. The offshore company will follow the jurisdictions and bylaws of Hong Kong, as well as operate within its legal...

Honk Kong bank of Canada, which is now known as the HSBC Bank Canada, is one of the biggest banking institutions in the world, with presence in 85 different countries and 7200 offices in Asia, Europe, Middle East, Africa and the Americas. The bank, which was founded by a Scot for operations in the coastal areas of Hong Kong and China, is now a global leader in all matters of finance and banking, providing an impressive range of financial services to institutions, individuals as well as businesses. At current estimates, HSBC is serving more than 85 million individual customers and about 3.6 million commercial customers. As of 2012 the total assets of the bank were valued at over $2,500 billion. Honk Kong Bank of Canada The Hong...

Mauritius, the island nation that is located in the Indian Ocean, has fast emerged as a hot spot of financial activities with numerous individuals and companies, especially those who function out of surrounding countries, choosing it to open offshore bank accounts in. This is truly remarkable for a country that became a republic only in 1992 and now is a part of the Commonwealth. The reason for this rapid growth has been the government’s insistence on a strong focus on foreign investment and as a result, today Mauritius boasts of more than 10,000 offshore companies registered there. The banking sector itself has generated more than a billion dollars so far with a major contributor being foreign investors. As with most other...

Hong Kong is known for its rich and exotic Chinese culture, countless majestic tourist spots such as Hong Kong Disneyland, Tian Tan Buddha, and a whole lot more. Another factor that gives Hong Kong the flare for having numerous visitors coming back and forth in the country is its thriving economy, due to the abundance of businesses growing in the country. One can surely agree that Hong Kong's successful economic status is due to its currency's flowing cycle. If you're one of those individuals who have plans on residing in the said country sometime in the future, one way to quickly adapt to the new lifestyle would be to apply for a Hong Kong bank account. Wealth is one of the most valuable possessions an individual should always pay...