Gold as an investment is a widely debated topic. Gold pays no interest or dividends. Gold, however, can rise in value. Gold prices haven’t done much in recent years. It did go up significantly in the 2000s but hasn’t done much in recent years. So, why would anyone invest in gold then? The main wealth…
FBAR is a commonly used acronym to refer to FinCEN Form 114 which is titled “Report of Foreign Bank and Financial Accounts”. FBAR is a means for US persons to report their foreign bank accounts to the US government. It is a way for the US Department of Treasury to keep a tab on the…
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…
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…
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…
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…
If you want to open an offshore bank account, you obviously would want to know how it will be beneficial to you in the long run. Is the offshore bank account going to improve your business or boost your personal wealth? There are actually a number of reasons why many investors have opted to…
