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Singapore is one of the finest countries to develop based on its competitive growth regarding its successful economic status. The Lion City's thriving financial hub continues to grow over the years because of its popularity; it remains a melting pot of prestigious businesses, may it be domestic or international companies. Moreover, Singapore is also widely known as one of Asia's "rising tigers" due to its economic growth in businesses, such as agriculture, electronic manufacturing, and many more. Along with it is the country's booming and convenient corporate tax rates that numerous business holders follow through accordingly. Indeed, it is the most recommended country to start a business in, especially for international companies...
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...
As the offshore world becomes more and more complex, Hong Kong remains just as appealing as a business hub in Asia. Defined as a Special Administrative Region, Hong Kong is strongly connected to China, yet it offers a unique mix of two different systems. For example, Hong Kong has its own free trade policy, meaning Chinese interference has been dramatically reduced. Throw in the taxation system, the low corporate tax and legal framework and you have one of the best places to start a business as an international entrepreneur. 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...
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...
Dubai is a center of economic wealth in the United Arab Emirates. Various corporations choose to build offshore companies there due to their economic stability, stable political power, and lax politics. Dubai also offers a Dubai Economic Free Zone that offers incentives for stakeholders who decide to build businesses there. Definition of Dubai Company Formation The definition of Dubai Company Formation is the creation of an offshore business structure in Dubai. An offshore company refers to a company that operates outside the country of its stakeholder is under the residence. An offshore company operates beyond the national boundaries. That means that the company is under another country’s jurisdiction. With Dubai Company Formation...
British Virgin Island or BVI company formation becomes easier with help from an expert in providing business support services. We have been in this field for several years and have helped those interested in starting a BVI offshore company. This is why you can count on us when it comes to this task. Because we know how important it is in this venture to make a well-informed decision, let us give you the information you need to start things right. Why consider BVI company formation? Forming a British Virgin Islands offshore company, more popularly known as BVI Business Company, comes with advantages, which include: Communication is easier with English as the language; the US dollar is the currency. Another tax haven, BVI frees...
Belize is a favorite offshore company haven. The reason being is that Belize made their country’s laws friendly for foreign businesses. It also has stable politics and economy, protecting offshore companies from unexpected liabilities. Here is a breakdown of the Belize Company Formation. What is Belize Company Formation? Belize Company Formation is the creation of an offshore business in Belize. Belize is a business capital. The business environment in Belize allows an offshore company to establish itself as a legal entity. There is no restriction for company formations there, for both local and foreign stakeholders. The only difference is that of a non-resident owner having to gain the approval of a bank. Why Choose Belize? Belize...
UAE Company Registration is a great choice when you want to set-up an offshore company in the Middle East. The United Arab Emirates, particularly Dubai, offers the Dubai Free Zone Registration. It is a business capital, and setting up a company there can bring you benefits. Here is a breakdown of the UAE Company Registration, the registration process and its benefits. Definition of UAE Company Registration UAE Company Registration refers to the registration of a company. The said company has to get through the preliminary approvals. Under the Licensing Section of the Dubai Department of Economic Development (DED), the company will create an inventory, trade name and various ownership identities. The company must meet the approval...
An Electronic Money Institution is often confused with a bank. This article will discuss what an Electronic Money Institution is, its difference from a bank, and how it generally works. What is an Electronic Money Institution? An Electronic Money Institution is an establishment that supplies a financial product, which in this case, is electronic money. It is a financial institution licensed and authorized to issue electronic money. EMI only stores electronic money via a device. What is E-Money? Electronic money is defined as the monetary value stored in a technical device. This money stored and read by devices is used to pay for services and products. The device serves as the instrument. There is no need for the involvement of a...
On a proportional rate to its economy, the banking system in Cyprus is impressive. It is large and widely diversified – even larger than the banking systems in bigger and more developed countries. In 2010, the total assets of the banking system were almost 900% of the GDP. Other countries in the European Union ranged around 350%. The idea behind this system is fairly simple to understand. There are many domestically run banks out there with numerous overseas applications that count as part of Cyprus. But then, even without these banks, the banking system is still too large for this tiny country and can easily exceed 700% of its GDP (Gross Domestic Product). But despite these numbers, Cyprus is not the leading country in this segment...
Why all people should consider total Internet privacy when they are doing online! Everything you do on the Internet will stay there in be traceable. The Internet will never forget, vanish or delete your information, your personal history ot what else you left there that can be traced back to you. While an offshore bank account for most of us is a way to safeguard our money, for plenty of people it is also a way to have a secret stash of it somewhere. Maybe the political climate in your country is volatile and you don’t want to lose it all overnight or maybe you are just afraid that your family members will squander all the wealth you have so painstakingly amassed. Needless to say, privacy is a very important concern for a vast...
Are you thinking of starting an offshore company in Seychelles? That would be easy. Primarily, you are not required to be a resident or to even visit to be able to open a Seychelles offshore company. All you need is a fully-detailed Seychelles company formation so you begin on the right track. Trust us to assist you with the International Business Company or IBC business setup as we have the appropriate skills and experience to get the job done. But first, our goal is to help you make a well-informed decision. Let us share with you some background information. Why set up a Seychelles offshore company? Primarily, you need to know the benefits or advantages of starting a Seychelles IBC. Here are the 5 strong points: Your company will...
is not very known by the public, but can have a huge impact if you are doing business with China, India Russia and the most of the Baltic countries, regardless if you are selling or buying to those countries the profit impact a Seychelles CSL Company can have is enormous. Actually it is very easy and fast to incorporate a Seychelles CSL Company, what one will need is not only the CSL but also to have a intermediate holding company situated within the EU, Cyprus is used to be the place of incorporation for such an intermediate holding company because of the double taxation agreement Cyprus has with the Seychelles and the normally low corporate tax of only 10%, in this case mentioned where the Cyprus company will act as intermediate for...
Seychelles CSL company is not very known by the public, but can have a huge impact if you are doing business with China, India Russia and the most of the Baltic countries, regardless if you are selling or buying to those countries the profit impact a Seychelles CSL Company can have is enormous. Actually it is very easy and fast to incorporate a Seychelles CSL Company, what one will need is not only the CSL but also to have a intermediate holding company situated within the EU, Cyprus is used to be the place of incorporation for such an intermediate holding company because of the double taxation agreement Cyprus has with the Seychelles and the normally low corporate tax of only 10%, in this case mentioned where the Cyprus company will...
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...
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...