Recent content by RachelNg

To be honest, a company can have more than one bank account, it’s fine to open a new account when one account is closed. So no pressure about it in this case unless the reason your bank account is closed relates to a crime, for example, a money-laundering case ( I just mean what if). If the...

Hi, An enterprise can open a bank account for long-term use for a Panama crypto company. However, there may be some fees associated with this service. It is advisable to contact your chosen bank to learn more about their specific requirements and charges. To open a bank account in Panama, you...

If you're starting a financial service or Forex licensed entity, I'd usually suggest Cyprus or Belize for an EU license. But I'm not sure about adult business in those countries. Despite where you form your company, finding a bank will always be a problem, due to your nature of business. I've...

It would be grate if i can reach out with you to fuel what you are seeking. Could you drop me a message for any questions you have on this matter!

For adult industry, you could go somewhere like Caicos or Vanuatu. But then it would be hard to get the merchant facilities you need, as most mainstream banks won't open accounts or transact with companies from those jurisdictions. I reckon Seychelle would be the sweet spot, legit enough for a...

Both 2020 and 2021 are such challenging years for all of the enterprises in the world. Especially for the small business, there are plenty of small and medium businesses which have been bankrupt during the high tied period of the pandemic. Some are luckier, they can keep their business alive...

Great choice of jurisdiction is a great start for your company. Company incorporation in 3 days is an advance from here, you could search vistra, offshore protection, bbcincorp, go start business.

Hmm I don't think the word "friendly" is suitable to describe Belize bank, there are two popular types of offshore banks in Belize. There is an offshore class A bank and an offshore class B bank for foreign companies. To open a bank account for these types you should prepare at least...

HOW TO OPEN A BANK ACCOUNT IN BELIZE ONLINE Once you have determined an appropriate bank and type of offshore account in Belize, you will need to fulfill the minimum requirements for registering your account. Please note that each financial institution may be varied in its requirements for...

You still do have to pay a tax fee on all products you bought because of following up to the NAFTA. It didn't mention that all tax payment is free, but buyers will be reduced tax fee as much as possible in this case.

One of the most interesting topics that an enterprise could grab some key highlights for business. Free trade agreements are agreements signed by two or more countries to reduce or eliminate the barriers in terms of transportation and tariffs. It now has become extremely important to maintain...

FBAR stands for Foreign Bank and Financial Accounts Reporting rule. It is a part of the U.S financial regulation to verify whether the money in your foreign financial account is legitimate. Failing to file an FBAR when required to do so means facing civil monetary penalties, or even criminal...

You can go with LLP (Limited Liability Partnership) for this case, but the role of each of the partner has to be specify. Partnership need clearly defined roles and what each will bring to the startup and how decisions will be made and how profit we will be split. This should be in an agreement...

Incorporation in Delaware, as in most states, has several components that affect the cost, so the total cost can vary widely. Registered agent fee: A Delaware corporation must have a registered agent within the State of Delaware. You can think of them as a bridge of connection between an LLC...

At the start-up level, you are most interested in keeping costs down, including taxes. Forming an LLC can be done for very little upfront costs online and if structured correctly can insulate your personal assets from business liabilities. It is my understanding that an LLC can elect to be...