Banking

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‘UK FATCA’ – the disclosure to HMRC of information about reportable accounts held by UK taxpayers in the Crown Dependencies and Overseas Territories

By |2015-04-14T17:10:11+01:00April 14th, 2015|Banking, Corporate banking, International, Offshore, Wealth management|

We are often been asked about the disclosure of information by the banks in UK islands and overseas territories about UK taxpayers accounts abroad.  There is already automatic information exchange in place regarding interest earned on the account in line with EUTSD (European Union Tax Savings Directive), however UK has implemented their own version of US [...]

Guidelines, How to certify documents for the banks

By |2015-03-25T21:57:23+01:00March 25th, 2015|Banking, Corporate banking, Private banking|

Clients, who are applying for a new bank account opening in international banks remotely (without visiting the bank), often underestimate the importance of the correct certification of documents. Incorrect certification is often the main cause of delay in processing client application by the banks. Reasons are that banks have very strict certification guideline imposed by [...]

Best Visa BUSINESS Prepaid Debit Card Solution

By |2015-03-22T15:56:04+01:00March 22nd, 2015|Banking, Cards, Corporate banking, International, Payments|

We have analysed over 50 prepaid card solutions in the international marketplace and identified common drawbacks of the offerings: cards are mainly offered to private individuals who need to apply online restrictions for country of residence of applicants (majority are UK focused) and where cards can be sent. Cards are often declined or cancelled by issuer. [...]

How to Bank in Gibraltar

By |2019-08-28T11:46:50+01:00December 14th, 2014|Banking, Corporate banking, International, Offshore, Private banking, Savings|

Banking in GibraltarUpdated 28/08/2019 re changes in Banking, see in REDBanking is one of the major pillars of Gibraltar economy with total assets over EUR 7.8 billion and some of the major International banks have their offices in Gibraltar. Statistics are available here http://www.fsc.gi/aboutus/stats_ci.htmGibraltar culture and legal system are similar to the UK. Its legislation is [...]

Is offshore banking still relevant?

By |2014-11-11T11:35:35+01:00November 11th, 2014|Banking, Corporate banking, International, Offshore, Private banking, Savings, Wealth management|

Originally posted on http://worldoffshorebanks.com/is_offshore_banking_still_relevant.php It is definitely losing relevance for those who opened undeclared accounts "offshore" and now these are being exposed to tax info exchange between countries. Term offshore needs to be revised. I would say International banking will always be relevant for many reasons both for private individuals living international lifestyle, as well [...]

Countries unite in global tax evasion crackdown

By |2014-10-30T11:02:43+01:00October 30th, 2014|Banking, Corporate banking, International, Offshore, Wealth management|

Source: International Adviser More than 50 nations signed a new international standard for the automatic exchange of information today with the aim of reducing the global facilitation of tax evasion. The Multilateral Competent Authority Agreement commits its 51 members to the exchange of non-resident financial account information with tax authorities in an account holders’ country [...]

If banks would take deposits the same way as they issue loans, it would look like this:

By |2014-10-18T13:27:29+01:00October 18th, 2014|Banking, International, jokes, Private banking|

The Bank accepts and agrees with the terms of the Depositor. The Depositor has the right to change the term of the deposit, the interest rate and any other conditions at any time in its sole discretion. The Bank is considered to be aware and in agreement to the new terms of the deposit if [...]

How2Agency attends opening of Jyske Bank (Gibraltar) Ltd newly refurbished office

By |2014-10-09T10:15:30+01:00October 8th, 2014|Banking, Corporate banking, International, Private banking, Wealth management|

Jyske Bank (Gibraltar) Ltd has finalised a major refurbishment project on their Main Street office. The premises at 76 Main Street, formerly Galliano Bank until Jyske Bank acquired the local bank in 1987, were modernised and opened its doors on the 7th of October. Quote from http://jyskebank.com/: "Local CEO Christian Bjorlow re-affirmed the commitment given by Jyske [...]

Pound strengthens after “No” vote

By |2014-09-19T10:31:05+01:00September 19th, 2014|Banking, Foreign Exchange, International|

As per Moneycorp Rate Alert: "The pound has reached a two-year high against the euro and rose against all major currencies this morning, as Scotland voted against independence. Overnight Scotland voted to remain as part of the United Kingdom with the result in Fife confirming that the "No" campaign had won. As a result we have seen [...]

Honesty is the best policy when it comes to offshore bank accounts

By |2014-09-01T14:46:14+01:00September 1st, 2014|Banking, International, Offshore, Private banking, Wealth management|

Source: The Globe and Mail An offshore account may seem like an intimidating prospect, and one that could lead to trouble if it isn’t done right. But experts say that as long as you follow the appropriate reporting rules set out by the Canada Revenue Agency, offshore bank accounts can be a practical and, in [...]