Finance & Crypto Insights

In 2008, Latvia was hit by a deep recession worse than other countries in the European Union. Proportionally, since it was not among Europe’s most developed countries, it was not that bad. Over the next five years, Latvia's GDP grew by about 5% on a yearly basis. In no time, Latvia became one of the fastest-growing economies within the union. The trend has not changed though. While the country was hit by a few other issues – such as the closure of its largest company in the metal field, its growth surprised analysts. For the seasoned offshore entrepreneur, the secret is pretty obvious. Latvia has figured out what truly works when it comes to growing, attracting international investments and getting people to spend their money there...

Wise was originally launched in 2011. It had a different name back then, but it got rebranded in 2022. The purpose of this service? Making international payments a breeze. Basically, the goal was to make transfers almost instant – compared to banks, which normally take a few days. Another goal was to make transfers cheap – compared to banks, which take a good chunk of the money. Most importantly, Wise tried to make everything simple. Accounts can be opened in different currencies and exchange rates are fair. Simply put, there is no need to waste a fortune on middlemen getting the job done for you. After all, this is what traditional banks are about – they are intermediary users that facilitate transfers for a price. Now, some may know...

The unrealized capital gains tax has been widely discussed lately, especially after it was mentioned among new potential laws in the USA. Most people are not aware of it and the truth is they are less likely to be affected anyway. Who does it affect then? This type of tax is most likely aimed at the rich – billionaires or those with high-value assets. You do not need to be a billionaire to be affected. Instead, you might as well own a few properties or perhaps some collectibles. To the average individual, this tax means nothing, yet there are people out there who are happy to see the rich paying more taxes. To the rich individual, this tax may seem a little abusive. Will it go through? Only time can tell. But before getting there, it...

More and more entrepreneurs turn to offshore companies for a wide variety of benefits. To lots of business people, this is all about reducing tax and diversifying assets. To others, it is about minimizing the overall hassle. If you are "lucky" enough to live in a country with lots of bureaucracy, you know how daunting it is to meet all the requirements. You need lots of paperwork, and each paper requires weeks of waiting. You end up spending hours in queues, only to be told to bring more papers. Certain countries, on the other hand, provide extra benefits by canceling all the paperwork and easing the actual investment. Take Estonia, for instance. It is one of the most appreciated locations for offshore entrepreneurs and for some...

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...

You might be trying to get a mortgage or perhaps a credit card from a different bank – not the one you use for your current account. You might as well try to open an offshore company and target some of the benefits associated with incorporating a business abroad. Maybe you are just trying to rent a house or get credit for a new car. In any of these situations, you will be asked for a plethora of documents. Most of them are easy to get – you may already have them, such as your ID or a utility bill. Some others are more difficult to get. You may need to print a few documents or perhaps go to specific institutions in person and request them. Sooner or later, someone will inevitably ask you for a bank reference letter. You have never heard...

Regardless of your reasoning, having an offshore bank account can provide a myriad of benefits. However, a major challenge that you may have is in finding offshore bank accounts that can be trusted sources to hold your wealth until you need it. Finding the right place can make the difference between getting your funds back when requested and having things like severe fines, penalties, and even a loss of the funds. Let us take a moment to list a few locations where to open an offshore bank account. Listed for their safety and security as well as tract record for providing superior service, these suggestions are all good places to investigate. Looking For the Right Set Of Things If you are looking for a place to invest American...

If you’re interested in setting up an offshore company, but you’re not quite sure where to seek out incorporation for your new firm, you’ll discover that Cyprus offers superlative advantages. We are proud to offer Cyprus formation to our valued clientele. Our team has years of skill and experience, which is utilized in order to ensure that every client receives speedy, legal incorporation of his or her new company, for very affordable rates. After you’ve learned how creating an International Business Company in Cyprus will benefit your career goals and business plans, you may just be tempted to reach out to us. We will be standing by in order to answer any questions that you have. The process of hiring us in order to arrange your...

Cryptocurrencies and digital money have always been associated with anonymity and privacy, mainly because of the blockchain technology and the terms associated with digital wallets and gateways. If there was one thing that could go wrong, that was the possibility for these gateways to change their terms. Threatened with the possibility to face fines and even closure, many gateways have had to adopt the latest KYC regulations, as well as AML laws. Times have changed and not necessarily in the best possible way. The necessity to adapt to these requirements is given by the location. Since many gateways are located in countries that embrace such laws, they’re inevitably forced to do the same. Coinbase used to have a non-KYC gateway...