Articles
No Longer A “Heaven”: How Belize Lost Credibility As A Tax Haven
The world has changed. Just look at how in some of our lifetimes (mine included), Swiss bankers would pull up to your house in a Mercedes and take a bag of money you made from your copper recycling company, get in a jet, fly back to Switzerland and deposit your money in a numbered bank account.
Nowadays you’ve got the Panama Papers, and a fast-approaching tax haven blacklist and worldwide FATCA. Everyone from the US government to the OECD is freaked out about the so-called dangers of banking privacy.
And, because of that, the world has changed for good.
And, since the world has changed, you have to be keenly aware of the various implications of your decisions when you set up your company. So let’s go through those considerations (for both an online business and offline business, there really is no difference).
Factors To Take Into Account When Choosing Your Offshore Banking Jurisdiction
For starters, ask about things such as quick lending, the maximum/minimum transaction threshold, the remote opening option, and the privacy of the depositor (you). Most banks would be more than happy to answer these inquiries and may even provide some auxiliary counseling.
Opening An Offshore Company In Singapore or BVI For NFT Game Publishers?
Between 2017-2022, a large number of NFT game startups (also known as Blockchain games, crypto games or virtual currency games) were established in Vietnam. With technological capabilities and sensitivity to the needs and tastes of gamers, many NFT Vietnam game publishers have ambitions to reach out to the world, and to achieve that, they first want to reach abundant capital from angel investors, international venture capital funds. However, the legal corridor in Vietnam has never been an attractive “brand” for international investment funds.In the past year, more than 50 NFT game enterprises have come to CorpAgent with the need to open a business. offshore company in Singapore or BVI for the purpose of optimizing business costs and calling for international capital.In this article, CorpAgent would like to share with Blockchain startups, specifically NFT gaming startups, businesses. Still wondering whether to open an offshore company in Singapore or BVI, or hesitate with the need to establish an offshore business, the advantages and disadvantages of setting up a business in Singapore and BVI – two popular destinations for opening an offshore company. Blockchain game industry offshore company
Why PayPal’s “Buy Now, Pay Later” Is Spreading Widely?
Buy now, pay later (BNPL) loans offered by services like Affirm, Klarna, and Afterpay are exploding in popularity, and it’s easy to see why. As online shopping surged during the pandemic, so did the popularity of BNPL sponsorship. A new study from the Consumer Financial Protection Bureau (CFPB) shows that the number of BNPL loans issued by the five major lenders increased by 970% from 2019 to 2021. The loans are worth a staggering amount. is $24.1 billion in 2021, compared to $2 billion in 2019.
Easiest Countries To Open An Offshore Bank Account
When it comes to opening your offshore bank accounts, you may ask yourself – What country’s banking institutions should you trust with your money? What are the best countries to register your offshore banking in?
In this article, let’s get familiar with the top 9 countries with the best offshore bank accounts, including Switzerland, Belize, Singapore, Hong Kong, and many others.
If you haven’t started your business anywhere just yet, consider incorporating an offshore company in these countries as well, as this might impact your business’s daily operation.
Why Do Vietnamese Startups Spend Thousands of Dollars Every Year To Maintain Foreign Entities?
Not by chance, Singapore is known as the ‘paradise’ of startups.
