OFFSHORE XXI – Fintech account vs. retail banking
Yes, up to a certain level, a fintech account provides a solution, especially, when the „normal” commercial banks do not open a bank account for traditional offshore companies. It is obvious, that the lifetime of such offshore companies is over. Today, to...
OFFSHORE XXI – Hungary as a new business destination
One of the winners of this „COVID-19-situation” are the IT companies and the connected services, industries. We can realize all over the world, that due to the increased demand, the revenue of such IT companies is fastly growing. And we can...
OFFSHORE XXI – A unique business solution in the pandemic situation
During the period of coronavirus pandemic, we here in the LAVECO Ltd realized, that the clients are looking for solutions, where the company formation and the bank account opening can be done without a personal visit. We have started to sort out such a possible...
OFFSHORE XXI – Why should you open a bank account in Hungary quickly?
Today, many clients try to achieve the impossible: to open a bank account for a classical offshore (BVI, Belize, Seychelle, Panama, etc.) company. However I try to explain it to the clients already the last 3 years: it has no sense because the banks do not want to...
OFFSHORE XXI – What is my problem, with the use of Nominee Ultimate Beneficial Owners?
First of all, this is a totally illegal method. There is no more classical money laundering formula than if somebody hides the real beneficial owner on purpose and use another one for the registers and submit this data to the bank also. Any bank noticing...
OFFSHORE XXI – The world offshore era is over
The world offshore era is over. At least the period, when somebody could relatively simply, quickly and cost-effectively set up an offshore company and to open a related bank account. The banks which cooperatively opened bank accounts for such companies,...
OFFSHORE XXI – Who wants to establish a company now, or to deal with such a business affairs at the moment?
After tomorrow there is August! Indeed everybody is busy with their holiday all over Europe. Who wants to establish a company now, or to deal with such a business affair at the moment? Yes, of course, I understand. I have the same feeling... LAVECO Ltd...
OFFSHORE XXI – The big question is: will offshore die as the method of intenational business tranzactions?
The big question is: will offshore die as the method of international business transactions? My answer is definitely no. This method will exist forever, will not disappear, only being transformed. Everything will work in a more restricted and regulated...
OFFSHORE XXI – The period of the classical, zero tax offshore jurisdictions is over
Ok. The period of the classical, zero tax offshore jurisdictions is over. But what is a good option as a corporate infrastructure, to implement international business transactions? The next fraction, the low tax jurisdictions and companies. To pay a 10 %...
OFFSHORE XXI – How to get started to the changes?
How to get started to the changes? That is very simple: change the chip in your head. You should understand now: what was working in the last decades, can not be maintained for the future. This is not your fault, that is an artificially created situation....