Transparency is often cited as essential to the trust that companies place in countries when deciding to expand or incorporate a new business. In fact, companies not being transparent have seen investments shrink by 5% and business costs increased by 10%. Ranked as one of the most transparent countries, Switzerland has a business-friendly ecosystem with …
One of the wealthiest constituents of the United Arab Emirates, Dubai has grown to be one of the best destinations to start a business. In this article, we will be covering: Overview of Dubai Why choose Dubai to set-up an offshore company? What are some restrictions/considerations to take note of before deciding to register in …
In November 2019, the people’s Bank of China issued a notice in Hebei Province, Zhejiang province and Shenzhen City to pilot large-scale cash management trials. This involves the imposing of cash management requirements on public accounts of at least 500,000 yuan and private accounts of at least 100,000 yuan in Hebei, 300,000 yuan in Zhejiang, …
A British Overseas Territory located in the Caribbean Sea, the Cayman Islands known for its diverse wildlife flora and fauna, clear waters, and pristine beaches, is perfect for an island getaway. The Cayman Islands has a population of just over 65,000 people. Although the Cayman Islands is small in size, its reputation as a tax …
Hong Kong is a US$10 trillion financial hub located in Asia. For decades, Hong Kong has been lauded as the economic gateway to China for investors and Multinational Corporations (MNCs). As China continues to grow and contributes a larger share of world GDP each year, many are attracted to do business with China. What better …
With so many countries that you can open an offshore bank account in, where should you begin? Since an offshore bank account is simply defined as a bank account one opens in a territory that is outside of your origin country, offshore bank accounts can technically be set up in any country in the world. …
Offshore banking is two words that man alludes to money laundering and corrupt activities. Despite its controversies, offshore banking is not always associated with financial fraud or conniving capitalists. Offshore banking refers to the use of foreign banking services that do not operate within one’s home territory. In the US alone, there are reportedly more …
