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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

Multiple Savings Accounts: to be or not to be?

September 3, 2015

Multiple Savings Accounts: to be or not to be?

The issue of financial management makes all commercial organizations as well as simple citizens concerned. Smart financial strategy includes not just deliberated budget planning and staying away from debt but also saving a certain percentage of income. This secret of the richest people exists from immemorial times and it is to save at least 15% of regular income and to look for effective ways of capital increase. Developing frugal habits is essential for gaining wealth howbeit the process of money saving should be individually organized depending on many factors. Generally, financial advisors recommend passing the savings on to a bank account; however there are several ways to set it up. There is an option to open a savings account attached to a current account or to open multiple bank accounts. While the first approach is relatively popular the second one requires detailed consideration.

How to Avail of Multiple Savings Bank Accounts?
An opportunity to open a bank abroad account online appeared not so long time ago. Due to it consumers have an opportunity to open multiple savings accounts in the shortest time and with no hassle. There is an option to open even multiple accounts consisting of savings accounts from different financial services providers. So why does it make sense to organize multiple savings accounts?

  1. Savings’ separation

It is a good strategy to separate savings towards goals being able to choose the best terms and rates. Thus, you may have money on a savings account always available which makes sense when organizing an emergency fund. And contrariwise you may benefit with higher interest on your capital in case of fixed deposit.

  1. Easy management of funds for different purposes

It is a smart decision to have several funds like emergency, retirement as well as fund for education, wedding, baby birth or any solid purchase. Opening more than one account allows managing each fund in the most convenient and effective way.

  1. Necessity to deposit a large amount of money

There is a limit on insurance coverage protecting any savings account. Sometimes there is a need to diversify personal funds in order to protect each dollar and multiple savings accounts occur to be the most relevant solution.

  1. You don’t want to put all eggs into one basket

Volatile modern economy strongly influences the stability of financial organizations. Thus, any of them may go into liquidation. Of course being insured you will get all your money back but having your capital diversified increases the chances to have access to a necessary sum at any given time.

  1. Receiving bonuses

Online banks offer higher deposit interest and solid bonuses for opening foreign account with them unlike standard credit organizations which have to cover cost of stuff and premises upkeep. Besides, you may get bonuses and benefits from different online banks when opening multiple accounts.

  1. You want to pick the best financial service provider

There is a chance to proceed with different online banks and financial service providers in order to choose the most appropriate one. But don’t forget that frequent signing contracts with different organizations may affect your credit score.

  1. Making frequent money withdrawals

Basically, bank account abroad owners are able to withdraw money up to 6 times per month. Having multiple accounts solve this problem allowing you to withdraw money 12 times per month in case you have opened the two accounts.

Multiple Bank Accounts Disadvantages

Though multiple bank accounts are beneficial in cases mentioned above they may not do a big favor in others. Find out 7 reasons not to choose multiple accounts:

  1. Balance restrictions

Consumers are required to deposit the minimum amount starting from 2 thousand dollars and to have the minimum balance left in order to fulfill the savings account contract with online bank.

  1. Limit for benefits

Even if you open multiple bank accounts within one financial organization it doesn’t mean that this institution provides the most attractive terms for other products comparing to other participants of the market. Some banks may offer better loan terms while others may offer lower account maintenance fees for clients with multiple accounts.

  1. Risk of losing interest

Some banks suggest higher interest rates when depositing much money on their savings account when the total gain may be smaller if diversifying this sum between several accounts.

  1. Risk of losing money

High level of financial literacy plays a big role in wealth building. If you are far from building bright financial strategies then it is better to have one account. Confusing with endless calculation may cause money loss.

  1. Managing several accounts may be tangled

Having several accounts requires additional calculations of how much money to put on them each month and how close the account is towards its final goal. These are not difficult calculations but they require some time and may be tangled.

  1. Difficulties with automatic transfers

It may be impossible to set automatic transfers for multiple accounts if you want money from each paycheck be transferred on each of these account without your participation.

  1. High account maintenance fees

Opening a low-balance bank accounts offshore may cause overpayment in fees. Solve this issue with banks before opening multiple accounts.

Creating the Money Saving Strategy

Saving money is an important step when moving towards strong financial standing but creating the smart saving strategy requires deliberated approach. Correct decision on how to save money depends on realities of your financial life but there are some common helpful tips. Budget reorganization As simple individuals as commercial organizations live on restricted budged which is usually designed to cover urgent needs. The most difficult here is to reorganize your budget to start regularly saving a fraction of income so that balance of your life or business wouldn’t be broken. The issue requires expenses review and cut. Decide which items of expenditures are vital and which could be excluded. Once you succeed to organize a new balance it would not be difficult to maintain it. Choosing the goals It is not rational to put some money aside just to know that you have them. It is a golden rule of millionaires – money should work on you. Of course it makes sense to organize an emergency fund so that you could have access to this fund anytime; or to set up a retirement fund and to put this money on a high-yield long-term savings account. There may be many different purposes for saving money starting from buying a new camera and ending with baby birth. But don’t allocate more money than it is necessary on them. Remember that money saving will make you a millionaire only if you successfully invest it. Investing the saved money Storing money on bank accounts is a stable investment strategy but here you may forget about high yield. It makes sense only for a long term. But what for you need millions of dollars if you are 70? There are different investment options starting with currency operations and ending with launching startups. Make the deep market investigation and decide which options are the most suitable for you. And finally start rowing money with a shovel!

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