Switzerland as a banking destination Banking in Switzerland is seen as something very emblematic to the country. Besides Swiss Alps, watches, and chocolates, the only thing that comes to mind when someone talks Switzerland is Swiss banking. You might be wondering what makes a hilly country in Europe such a hot banking destination. The answer…

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The concept of buying on margin Purchasing an asset using borrowed money is known as buying on margin. If a stock or asset is priced at a certain amount, then a small percentage of that purchase price (this component is known as down payment) is made by the investor while the rest of the price…

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If you are looking to open an offshore bank account, then there are many countries across the world where you can do so. The word offshore means that the account is located in a country which is outside the country of citizenship of the investor/account holder. Countries like Panama, Switzerland, and Singapore are popular choices…

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What is an Apec Business Travel Card? The Apec Business Travel Card (ABTC) is a travel document designed to make travel for business persons of APEC participating countries easier. Business owners, managers, and investors who frequently travel for work across APEC countries can enjoy certain immigration/customs privileges by holding an Apec Business Travel Card. The…

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An economic collapse would mean a grinding halt of economic activity. It would mean banks closing down, trucks stopping on highways, lack of food in the supermarket, high unemployment, no access to electricity and water, and a whole bunch of other hardships. Many countries in the world have faced economic collapses before. Yugoslavia in the…

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What is Residency?    When we talk about residency for tax purposes and you only live and do business in one country the rules that apply are very simple.   If you are a resident of Canada (you live there) Canadian tax rules apply.   As you start to do business in multiple countries, have customers elsewhere,…

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Opportunities in Georgia (country)  Georgia is quite an interesting place. Even though it might not be the most refined country in the world, there are lots of advantages for doing business here.  This a business–friendly environment, banking is very good and sophisticated and forming a company is not complicated. You only pay tax on distributions,…

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Inheritance tax in the UK is the tax that one is liable to pay on any assets which a deceased person has passed on to a legal heir or inheritor. These assets could include property, money, investments, vehicles, payouts from life insurance policies, and any other possessions. When a person dies, the government estimates the…

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Things to consider when buying a second passport We all know that buying second citizenship is not an easy decision to make. You probably did lots and lots of research before taking any action. There is lots of data out there about this topic, however, some of it is outdated and not valid anymore. Some…

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