Cyprus Moves to Deny Shell Company Banking Services
9 August 2018
In a much-anticipated move last week, the Cyprus Central Bank began drawing up a directive for the island’s banks. The document sets down instructions that new accounts should be automatically refused for so-called “shell” or “letterbox” companies. [..]
Did you know that a $10K investment can get you a tax-free company and residency in Dubai ?
30 July 2018
Due to recent legislative changes and increased compliance with international tax avoidance regulations, Dubai is no longer just a viable option for incorporating a new business. In fact, compared to others and due to these recent developments, it is fast becoming the destination of choice. [..]
Two More Removed from the European Union’s Tax Blacklist
4 July 2018
In its bid to crackdown on tax avoidance and evasion, the European Union has blacklisted and “grey-listed” many countries over the last couple of years. It had expressed concern about multiple jurisdictions. On 25th May 2018, two were removed from the blacklist: Saint Kitts and the Bahamas. [..]
Swiss-Bearer Shares Remain Safe For Now
27 June 2018
The implementation of the joint FATF and OECD plans to tackle money laundering in Switzerland continue to experience opposition from many quarters. [..]
Just Announced: 100% Ownership for Dubai Entrepreneurs
21 March 2018
The Emirate is always looking for ways to improve Dubai’s national and international standing. Now, The Dubai Entrepreneurs Academy (SME) has opened up opportunities for students and entrepreneurs to come up with novel ideas to drive forward business innovation. What’s more, 100% ownership is guaranteed through the new SME Business Incubator License.[..]
Two new banks in SFM’s bank portfolio with the addition of CIBC First Caribbean International Bank and Pacific Private Bank.
9 October 2017
CIBC Bank of the British Virgin Islands and Pacific Private Bank of Vanuatu are both among the latest additions to the SFM bank portfolio after both banks confirmed their interest in servicing SFM clients.[..]
