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INTERSHORES I Seychelles IBC Fact Sheet
Overview
Seychelles International Business Companies are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands.
In December 1994 the Seychelles enacted legislation enabling the registration of International Business Companies, International Trusts and the licensing of International (free) Trade Zone Companies. More recent legislation covers the licensing of offshore banks, offshore Insurance, mutual funds activities and the regulating of a securities industry. The new laws were a result of intensive studies of long established offshore jurisdictions and world-wide trust legislation.
Although not dissimilar to those of the...
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INTERSHORES I Your Offshore Company In The Marshall Islands
Located nearly midway between Indonesia and Hawaii, the Marshall Islands are the easternmost island group in Micronesia. Located nearly midway between Indonesia and Hawaii, the Marshall Islands are the easternmost island group in Micronesia. The islands were discovered by John Marshall in 1882 and then they were annexed by Germany. After WWII, The United States took control of the country and governed it until 1986 when the Marshall Islands became an independent state.
The Marshall Islands has a hybrid government and economic system: part of it comes from the English law (the corporate legislation, in particular) and the other part is from the USA. The US dollar is an official...
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INTERSHORES I Is BVI Tax Haven. Top 5 Things To Know
British Virgin Islands (BVI) remains a popular jurisdictions with active company of 364,980 as at end of Q2 2021. Despite the various effort of OECD / FATF in cracking down offshore jurisdiction, BVI is proven to be one of the most ideal places in the world for establishing an offshore business.
1. Is BVI a tax haven?
A tax haven country is where a country offers businesses and foreign investors with low or no tax liability, enabling it to be an attractive jurisdiction to incorporate businesses.
Most of the Caribbean nations are known as pure tax havens where no taxes are imposed. BVI is one such example where no taxes are imposed on offshore businesses. In addition, since...
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INTERSHORES I Labuan Company Benefits You Should Know
With a low attractive text regime, Labuan is one of the few offshore financial centers in Asia. It is also politically stable and economically strong. Hence, Labuan company benefits attract many foreign investors to set up a company in Labuan. If you are deciding whether to start a company in Labuan, it is important to understand the advantages of doing so. In this article, our team at Tetra Consultants has highlighted 6 Labuan company benefits you should know to help you with deciding whether to register company in Labuan.
1. Attractive tax regime
The low tax in Labuan allows Labuan to remain attractive for foreign investors to start a business. The corporate tax rate is 3% on...
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INTERSHORES I Top 3 Countries With The Best Offshore Bank Account For 2022
Deciding on which country would be the most suitable for corporate bank account opening is imperative for your business.
How to choose the best jurisdiction with an offshore bank account?
To choose the best jurisdiction to set up an offshore business account, the following factors must be kept in mind:
1. Privacy and Security
An offshore bank account is supposed to provide privacy and security for the business. This is guaranteed by the government regulations and the banking policies which guarantee greater confidentiality by not making information about the company public and also provides security for the assets held by the company in the offshore business account.
2. ...
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INTERSHORES I All You Need To Know About Hong Kong Offshore Company Tax
The low corporate tax rate and pro-business environment are the main reasons why business owners choose to start a business in Hong Kong. Ranked as the third easiest place to do business by the World Bank in 2020, it is a relatively straightforward process to set up a business in Hong Kong as it can be done remotely and there are no resident directors or minimum share capital requirements to set up an offshore company in Hong Kong. Before you setup offshore company in Hong Kong, it is important to understand the various Hong Kong offshore company tax your company may have to pay.
What to know about Hong Kong offshore company tax?
1. Corporate income tax
Hong Kong operates based...
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INTERSHORES I Bank Of Asia in BVI
Bank of Asia (BOA) has been established in the British Virgin Islands (BVI) to address the need of BVI and other offshore companies in getting bank accounts opened and other banking needs satisfied. It facilitates the growing offshore banking needs of a large, underserved universe of Chinese and other Asian high net worth individuals and their related offshore business companies.
As a platform, BOA is free from legacy constraints and is focus on a simple set of products differentiated through quality of service and rolled out using best of breed technology.
Client service, efficiency and user-friendly technology are core to BOA’s strategy for customer acquisition and...
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INTERSHORES I Mauritius Bank - ABC Banking Corporation Limited
ABC Banking Corporation Limited is a Mauritius bank which obtains its banking license since 2010. It currently offers a wide range of products and services including current accounts, saving accounts, term deposits, card services, leasing, housing loans & personal loans, term loans and revolving credit as well as trade finance services such as bank guarantee, letter of credit, import & export loans, collection document for import & export.
The bank has been providing international banking services to international businessmen and high net-worth international clientele.
The international banking team consists of professional, dedicated and highly experienced staff who provide...
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INTERSHORES I Top 3 AML Trends in 2022 - What Does It Mean To An Entrepreneur
Evolution of advanced technology offered business opportunity on one hand but regulators need to develop artificial intelligence (AI) to detect sophisticated hidden financial crime on the other. Businessmen have to prepare themselves for more anti-money laundering (AML) regulation in the foregoing. Below are the key AML trends in 2022 which will affect your business.
1. Using Advanced Technology
AI has played a pivotal role in automating processes applicable to AML such as risk scoring, creating risk portfolio, consolidation of customer due diligence (CDD) data and screening process (for example Politically Exposed Persons, sanction, watchlist and adverse media screening). Banks...
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INTERSHORES I Russia Sanctions - What You Should Know To Reduce Risk As An Entrepreneur
In the first quarter of 2022 after Ukraine’s conflict with Russia, European Union, United States, United Kingdom and all their ally countries began to announce new sanctions on designated Russian individuals and entities. The sanction includes trade restriction on certain products, freezing of assets on target individuals including wealthy business leaders “oligarchs” and politician, travel bans, limitation on designated Russian banks, cancelling on SWIFT (Society for Worldwide Interbank Financial Telecommunication) restricting fund movement. Sanction by United Nations Security Council (UNSC) against Russia has not yet been made, having considered Russia holds a veto vote...
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INTERSHORES I Consideration For Choice Of Foreign Bank To Open An Account
Where to obtain a foreign bank account (for corporate or personal use) is a common question asked by international entrepreneur as he/she always wants to diversify risk aside ease of account opening. Consideration for choice of offshore bank is usually as follows:
1. The economic situation in the country where the bank is licensed.
2. Accessibility of the bank. For different clients and purposes for opening an account, the location of the bank’s office can sometimes be important. However, digital support via zoom, skype or the bank’s portal (online banking and mobile apps) can serve the very same purpose.
3. Reliability of the bank. Annual bank reports...
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INTERSHORES I Swiss Account
Swiss banks managed almost a quarter of the world’s private wealth remain as a center of international banking. The sophisticated service offered by Swiss bank remains as the first class banking services. Due to the changing banking landscape as profiled by the international organization OECD and FATF, account opening is complex nowadays. Opening an account without a personal introduction and professional assistance is very challenging. Here are some key notes for your company's Swiss account opening that you should attend to:
1. Documents of Swiss Bank for a Trading Company Account Opening :
i. Copies of corporate documents.
ii. Copies of passports and CVs of all...
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