Opening an account with a foreign bank can be quite expensive, although in most cases, such expenses are worth it. How much does it cost to open a bank account abroad, and what are the additional costs and pitfalls, read in our article.
Read moreSome people will claim that using offshore tax havens is illegal but such claims are wrong. Under international pressure, offshore jurisdictions have become totally transparent for tax authorities, which makes it perfectly legal to start an offshore company or open an offshore bank account. At the same time, attractive tax benefits are still available in offshore countries.
Read moreHow and why are offshore territories established? Why do governments strive to set up offshore zones? What nations have set up offshore zones, and where are they? Offshore company types. What benefits do offshore zones offer for entrepreneurs and governments? What does the government gain from an offshore zone? Offshore perks: popular schemes explained. What are the profitable locations to open an offshore company in 2023–2024? Why would you set up an offshore company – final thoughts.
Read moreWhat identity proof documents do banks require to open an account for a customer? How do banks verify the address and identity of a customer? What residence address verification methods do banks employ? Ways to verify the address and address proof documents. How and where can I open a bank account without residency? Can I open a bank account with a passport only? Do you need an address to open a bank account?
Read moreUruguay is a country with a stable economy and well-developed infrastructure, and it can become a good place to set up a business. Its reputation in the business world is quite high, and it offers favorable taxation conditions: you pay no tax if your income is derived from sources abroad. If you work locally, you will be taxed according to a progressive scale adopted in 2023. Take advantage of Uruguay as a pro-business jurisdiction by establishing a joint-stock company or a limited liability par
Read moreDo you still keep your savings in a bank account? This is a wrong strategy in 2023 as it will not help you protect your money from galloping inflation. There are many other profitable instruments that are better suited for this purpose – and if you are unaware of them, our specialists will help you. However, you still need a bank account for some purposes: for example, it is much more convenient to take a bank card with you when you travel than to bring cash, or you may need to prove your financ
Read moreSurely every person has heard the term holding company, but not everyone understands the features and benefits of such business structures. Our experts have prepared a detailed guide on the use of offshore holding companies in 2023, including their legal forms, jurisdictions for registration, and other nuances.
Read moreInternational trade: offshore strategies. Offshore company issues in international trade: VAT exemption, free trade agreements, banking aspects, business scale, guidelines for CFCs, transfer pricing rules, and costs for registration and maintenance. Why bother with setting up a company in a traditional offshore jurisdiction? The country’s image. Licenses and authorizations for offshore businesses. Location of the supplier. Offshore companies in international trade – summing up.
Read moreThe legal address of an offshore company is a very important aspect that many entrepreneurs do not pay due attention to when registering an offshore business. How the address can affect the success of your venture, whether it can be changed, and other important topics in our new article.
Read moreA Singaporean payment system will open merchant accounts for international corporate clients. Payments to and from 170 countries, in 200 currencies, by 300 methods.
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