Finance & Crypto Insights

Most commonly, it makes sense to incorporate a business in your own state, whether you register a small business, a medium enterprise, or even a large LLC. Most people choose this option because they are familiar with the laws and, well, it is more convenient. However, there are also people who choose to go a long way and get out of the comfort zone. Sometimes, it is worth traveling and becoming familiar with a new state, especially if this effort brings in a plethora of advantages. A Wyoming company is one of the hottest topics in the entrepreneurship industry these days. You do not necessarily have to reside in Wyoming to start a company there, so more and more business people choose this state for incorporation. At this point, you...

If you are into business, entrepreneurship, or offshore applications, chances are you have seen Luxembourg popping up every now and then among the best jurisdictions to start a business in. For many years, it has been credited as a tax haven for wealthy business people. Obviously, things have changed a lot over the past decade, and the concept of a tax haven is no longer what it used to be. There are different reporting standards these days, as well as anti-money laundering directives and laws, so pretty much everything is reported. It is almost impossible to find a proper tax haven to hide your money these days. With all these, Luxembourg is still among the modern tax havens – the kind of places where you cannot really hide money...

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...

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...

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...

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...

Different OffshoreCorpTalk forum users stick to different online payment platforms – whatever works for them. Then, different platforms come with different terms and conditions. One thread in particular has caught our attention due to the wide discrepancies in opinions and facts. Regarding the versatile payment platform Stripe, more and more people fail to understand the terms and conditions associated with it, facing all kinds of issues. Here are a few things you should know before turning to Stripe. Business identification requirements This is probably the most important requirement from Stripe. The business ownership verification is applied to business owners only. The physical location will be verified – make sure you can get...

Whether you are going offshore for tax optimization, asset diversification, or you simply plan to retire or live in a different country, it is imperative to plan everything in small details. It makes no difference if you are trying to find a more stable economy or just one with a low cost of living. Different offshore entrepreneurs have different reasons to change their countries. Sometimes, it is only a matter of becoming an international citizen or having a plan B. Other times, you may find your local taxes to be too abusive, hence the necessity of a different plan. No matter what you are after, there are normally two days to do it. Here is everything you have to know before choosing offshore services providers. Doing...

Every day the market gets more and more unstable. The prices of the goods are constantly changing, and with it, the currencies exchange rates. It is not easy to predict what will happen tomorrow, but we need to be prepared for any scenario. This list will help you understand if your currency will appreciate or depreciate. Are you planning a vacation abroad? Do you have a budget set for your next big purchase? If so, currency exchange rate fluctuations could have an adverse effect on your finances depending on which countries you visit and what goods you buy. However, for all those travelling enthusiasts looking for the best travel destinations worldwide, a country with a weak currency can be a cheaper alternative. Every day...

The 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...

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...

As you deal with Bitcoin and make one transaction after another, there is a point when you realize that anonymity is not always there. You have done your homework and you have assessed the benefits of digital coins – cryptocurrencies are meant to be pseudonymous. Indeed, they will not necessarily link to your actual identity. But then, there are other small details that can reveal your actual identity. The address of your Bitcoin, for example, is public. Your history of transactions can also be discovered. If you are not careful, they can be put together and may reveal your real life identity. Discovering who you truly are is not of great interest, unless you deal with high amounts of money. Most people would try to conduct...

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...

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...

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...

Bermuda is one of the top-rated options on the market when it comes to offshore banking. It has always been seen as a tax haven, and it has gained notoriety for the excellent deals offered in terms of tax optimization and banking. Offshore banking in Bermuda will allow you to optimize your assets. Plus, banking abroad gives you new opportunities. Get used to a different banking system, other quality standards, and different strategies for your business. With these thoughts in mind, Bermuda is clearly not the only option out there. Different people have different needs. But unlike other similar destinations, Bermuda has always been clean and transparent. While tax-friendly, the jurisdiction has never been involved in any scandals...