Offshore Company, Banking & Cryptocurrency

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...

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...

Offshore banking- you must have heard of this phrase some time or another or pretty recently if you have been paying attention to the Panama Papers leak. The news is out, what the masses suspected for many years has all been laid out in the open and it is there for all of us to see. While most people are happy reading the gossip about the leaked papers, the more finance centric ones amongst us wonder yet again about offshore banking and why almost every celebrity or a rich successful person has offshore banking accounts. What is it about them that is so lucrative to these rich and famous people? The short answer is, a whole lot. For the long answer keep reading. What is offshore banking? If you ask ten different people or even...

In the last couple of decades or so, Bahamas has without a doubt emerged as one of the most favorable offshore banking destination for the rich and the successful, especially for those that are based out of the US. Why is it so then? Why do so many people now prefer Bahamas to traditional destinations like Switzerland, Cayman Islands or Panama? There are a number of reasons why. Easy access Even the official website of the country proudly claims that there is no better place for your financial investments and only once you deal with banking institutions in the islands, do you realize how true that is. For those people who are unaware about how to go about creating an offshore account, their Prime Minister’s office has even created...

It is a proven fact that US citizens on the whole have a lot less money in offshore bank accounts as compared to citizens of many other countries in the world. For American corporation that are multinational, it is still rather easy to a bunch of offshore banking options, but for an individual it is still an uphill task, owing mostly to the tight grip of big brother IRS and the strict regulation that they have put in place and the implementation of the new Foreign Account Tax Compliance Act is just going to make things worse. Even foreign banks are forced to sing to IRS’ tunes with virtually every bank on the planet being forced to sign some fort of an information sharing agreement with the government agency. Failing to do so often...

Bahamas still remains one of the most popular places for business owners and individuals to open an offshore bank account and when it comes to the tropical paradise, Bank of The Bahamas rules the roost. The bank that has been in existence since 1988, has longed formed a reputation for being at the forefront of the Bahamian banking scene, providing customers with impeccable, quality service while maintaining stern privacy standards. The beginning of Bank of The Bahamas Bank of The Bahamas had its humble beginning when the government of Bahamas tied up with the euro Canadian Bank Limited to start a new bank whose intention was to operate solely out of Bahamas, run for the Bahamian by the Bahamian. This is why; even today Bank of the...

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...

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...

As more and more people feel the need to have an offshore bank account, the more our governments feel the need to tighten the noose and prevent their citizens from financial security. Many governments like the US government actively look to crucify or tie up with foreign banking institutions to impose regulations and terms that are largely unfair and prevent American citizens from diversifying their risk of investment and safeguard their money. Hong Kong banks however have not fallen prey to such tactics and as a result remain some of the best banks in the world to open a bank account. For long now, Hong Kong banks have been the center of attraction for people who desire a greate3r amount of control on their money and financial...