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Seychelles general information

Seychelles: general information

Presentation of general information about the Seychelles, peculiarities of the historical, political and economic development, investment environment, business industry and set of financial instruments as well as international reputation of the jurisdiction

Seychelles general information
Why to choose Seychelles?

Why to choose Seychelles?

Detailed research of features and advantages of all business companies types which could be incorporated within the jurisdiction of the Seychelles

Why to choose Seychelles
Seychelles: IBC & CSL

Seychelles: IBC & CSL

The brochure is devoted to research registration process, capabilities, tax rates and application practice in business environment of Seychelles IBC and CSL.

Why to choose Seychelles
Seychelles: Foundations, Trusts, Limited Partnerships

Seychelles:
Foundations, Trusts, Limited Partnerships

The brochure deepen in the essence of the next types of Seychelles entities such as foundations, trusts and limited partnerships which are considered suitable vehicles for international tax planning, assets protection and other financial activities.

Why to choose Seychelles
Seychelles: Cooperation between companies

Seychelles:
Cooperation between companies and banks

The brochure provides considering relationships between banks and entities that is a natural extension of opening an entity in the Seychelles.

Why to choose Seychelles
Seychelles: frequently asked questions

Seychelles:
frequently asked questions

The brochure summarizes the survey about Seychelles offshore and answers some frequently asked questions, which arise when acquainting with the Seychelles jurisdiction.

Why to choose Seychelles
UNITED KINGDOM: OVERALL REVIEW

UNITED KINGDOM: OVERALL REVIEW

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: OVERALL REVIEW
UNITED KINGDOM: LTD & LLP (part 1)

UNITED KINGDOM: LTD & LLP (part 1)

This brochure presents an information about tax rates and tax residence status in the UK. In addition, it is studying the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP)

UNITED KINGDOM: LTD & LLP (part 1)
UNITED KINGDOM: LTD & LLP (part 2)

UNITED KINGDOM: LTD & LLP (part 2)

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: LTD & LLP (part 2)
Public Limited Company

Public Limited Company

In this brochure, the leading experts of our company provide answers on the most popular questions related to this business structure. There is an excellent possibility to fill up your knowledge by information about doing business with the help of Public Limited Companies, receive an explanation on the rules how to sell the company's shares on the stock market and other advantages.

Public Limited Company
Scotland: WHY NOT?

Scotland: WHY NOT?

This brochure fulfilled the UK jurisdiction series with Scottish business structures. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

Scotland: WHY NOT?
Hong Kong: Comprehensive Review

Hong Kong: Comprehensive Review

This brochure dedicated to inform about business atmosphere and business facilities in the studied jurisdiction, explain the reasons of popularity of Hong Kong entities for tax-optimisation purposes. Familiarity with this brochure is the first step on a way to the possibility of carrying on successful business in stable economic conditions of Asian region with maximum benefits.

Hong Kong: Comprehensive Review
Hong Kong: Choosing Business Vehicles

Hong Kong: Choosing Business Vehicles

The present research concerns the most popular forms of business organization in Hong Kong, as well as the basic rules of their use for the purposes of breaking down the tax burden. The brochure contains a number of clarifications regarding the demand for offshore structures in Hong Kong, a minimum set of requirements for the establishment and registration procedures.

Hong Kong: Comprehensive Review
Hong Kong: Frequently Asked Questions

Hong Kong: Frequently Asked Questions

This brochure summarizes the research concerning the reasons of popularity, business opportunities, tax rates, companies and partnerships in Hong Kong. This is an interview where our manager answers frequently asked questions, appeared during the time of studying the Hong Kong jurisdiction.

Frequently Asked Questions
Business Purposes: Regular Practice

Business Purposes: Regular Practice

The brochure says on corporate and classical targets of Hong Kong enterprises, provides examples of practical use of the enterprises established in Hong Kong. Here we specify the long-term and short-term goals of business structuring, as well as the use of Hong Kong enterprises to operate as a trading company, the company, opening a representative office in China and a holding company, which owns the rights to ownership of the company in China.

Business Purposes: Regular Practice
UnitedKingdomOverallReviewBrochurePopup
HongKongOverallReviewBrochurePopup

Banking of the Future: Banks vs Merchant Service Providers

September 28, 2016

Recently banking, the disclosure of information on bank accounts and activities of analogues of banks are popular topics of discussion in media and blogs.

Primarily this is due to the activities of the OECD: in continuation of the successful campaign for the introduction of FATCA, OECD fights against offshore companies. This Organization is developing international cooperation against tax evasion, and, consequently, in favor of disclosure of banking secrecy. This approach has a strong impact on the banking system and the offshore world, because maintaining confidentiality is becoming increasingly difficult and expensive!

It is known that until recently a bank account in Switzerland or Liechtenstein ensured absolute protection of client’s information from the requirements of the domestic state’s judicial decisions. However, the OECD and EU has been cooperating even with Switzerland, which has signed the Convention on Mutual Administrative Assistance in tax matters, and today the concept of “banking secrecy” has transformed beyond recognition.

Since 2014, about a hundred jurisdictions have announced their intention to implement the requirements for disclosure of information on bank accounts of overseas customers upon request of law enforcement agencies in a simplified manner. For instance, a client who is not a citizen of Switzerland and opens a bank account in this country must understand that if law enforcement authorities of his country need information about him or his accounts, the bank will give it.

It should be noted that there are states which refused to implement the OECD requirements. The United States, Vanuatu, Nauru and Bahrain are among them. While banks in Cyprus and Latvia have tightened their requirements for opening accounts for offshore companies and strengthened policy «Know your client» or “Know Your Customer” in 2014. Thus, clients’ activity (especially in IT, marketing and consulting) is now subject to greater scrutiny by the bank.

“We need banking, but not the banks,” – Bill Gates

At the same time, banks are not the only financial institutions that can implement business services. Among the financial institutions other than banks are Merchant services/account providers (MSP/MAP).

This is an umbrella term to banks and other financial companies that provide businesses and individuals with products and services necessary for the operation with credit and debit cards, as well as other forms of electronic payments.

However, the concept of Financial service provider (FSP) often occurs. This is similar umbrella term relating to financial institutions in New Zealand, where the Banking Act has been canceled in 1995, and is not replaced by any particular legislative act so far. Examples here are such famous payment systems like PayPal or Pioneer.

That is, bank services are not unique, and are included into a number of financial services. Also, not all banking services can be considered as financial. Thus, according to the definition of the International Monetary Fund financial service can best be described as the process of obtaining financial products by customers. For example, the payment system provides financial services, if it is able to receive and transfer funds from the payer to the recipient. This process includes an operation with the accounts of credit or debit cards, checks or electronic payments.

Practice shows that, the majority of offshore companies prefer to use the services of MSP’s/FSP’s, rather than banks, because they believe such services are more reliable and confidential. According to the reviews of Offshore Express Company’s customers, here are some benefits:

  1. Using credit and debit cards in real-time: providers instantly process transactions with credit and debit cards.
  2. Automatic payment service: customers can operate merchant accounts, remotely and at any time.
  3. High level of security using the SSL (Secure Sockets Layers) and 3D Secure (checked by Visa & MasterCard SecureCode) and fraud detection tools, such as AVS (Address Verification Service), CVV2, Advanced Fraud Screening.
  4. Easy to use, fast account opening: the application process usually takes less than 10 minutes and is carried out online, the account opening process takes just a few working days.
  5. Customer support: managers are providing remote customer support from the date of filing the application till opening an account and until it is closed.
  6. Possible tax benefits: offshore business prefers such accounts in connection with the minimization of tax restrictions in different countries.

Although the experts of Offshore Express Company recommend not to forget about some of the “red flags”:

  • Offers that seem too good to be true. For example, you should be careful, if you are offered an incredibly low price or promised the possibility of uncontrolled payments.
  • Immediate account opening. Undoubtedly, all the customers want to have their accounts opened momentarily. But when it comes to offshore operations, verification of documents for opening accounts takes a few business days.
  • Statement on low or zero fraud. Providers in good standing recognize that there is always a risk of fraudulent activities, and indicate measures they use in order to minimize such actions by third parties.
  • Customer support. What do you think, is this possible to wait for a good product, if there is no customer support service or such service is purely nominal? We think that this is impossible. That is why you should always check the functionality of customer support service.

Furthermore, Bitcoins are gaining popularity in recent years. Developers predict them the ability to replace the offshore business industry. But that is another story…

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Offshore Express company Контакты:
Адрес: Dalton House 60 Windsor Avenue SW19 2RR London,
Телефон:01 76 38 01 12, E-mail: contact@offshore-express-company.com