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Beneficiary and Nominee in Cyprus – guarantees and risks A beneficiary is a person (both individual and legal), who has transferred the management of his property (company) on a trust basis to an appointed official (nominee director or shareholder), and receives a profit from the activity of the transferred company or block of shares. Reasons […]
Account registration in foreign banks The growth of an enterprise and an increase in profits depend not only on the correctness of its business, but also on the choice of a financial institution to store money and make payment transactions. Recommendations for choosing the type of account Before registering an account with a foreign financial […]
Account in the payment system – an alternative to a bank account Progress in the field of financial technologies in conjunction with the introduction of adjustments to the current legislation of several states has led to the emergence of companies related to financial activities and offering customers products from the banking sector. And the development […]
Account registration in electronic payment system The procedure for transferring funds from bank accounts to accounts located in another country is accompanied by bureaucratic difficulties. Such as: • High transferring commission. • Spending time (refers to the transfer of money in the bank branch, as in this case, the sender is required to provide the […]
Bank account registration for offshore companies In view of the toughening of requirements for banking institutions regarding the admission of owners of offshore companies to opening accounts, a certain number of banks began to refuse to provide this service to the above-described businessmen. Along with this, there is an active “freezing” of already existing “offshore” […]
Why do you need a merchant account? Merchant account registration involves a specialized account opening, which offers a possibility to receive payments for goods and services directly on a company’s website, eliminating the need to use third-party facilities. The company, which opens the merchant account, receives a unique identification number. ID number is strictly individual, […]
The principle of acquiring operation The term “acquiring” means the procedure for accepting finances from accounts of bans. However, the mechanism of this procedure does not differ when accepting funds for credit cards of various types (credit or debit). Responsibility for conducting acquiring lies on the following objects: • Merchant account for transfer of funds. […]
5 unknown things about merchant account What do you know about this type of account? Currently, the term “merchant account” means a legal agreement concluded between two parties: • The processor. • The trader – merchant. The form of existence of this agreement is a special bank account. It enables you to perform the following […]
What are the differences between High Risk and Low Risk merchant accounts? Today, two main aspects of this topic will be considered: • Main differences between High Risk and Low Risk merchant accounts. • We learn the role that charge-backs play in determining the degree of risk. Main features of merchant account of low risk […]
Citizenship of Montenegro by investments The acquisition of the citizenship of Montenegro gives foreign citizens the following advantages: • Stable economy of the country, which shows regular growth from year to year. • Security. The crime rate in Montenegro is low in comparison with the rest of the European Union (statistics show its constant decline). […]
Company registration in Europe: advantages and features With effective management, any business “grows” from the borders of its country. For the further development and expansion of sales markets, the registration of an enterprise in the territory of the countries of the European Union is suitable. Registration is available to both multinational corporations and private entrepreneurs. […]
Purchase a property in Cyprus Purchase a property in Cyprus is a profitable investment: • safety and low cost of living; • environmentally friendly areas; • the possibility of obtaining citizenship under a simplified procedure by the whole family; • developed infrastructure, tourism, business (offshore zones, with simplified taxation); • visa-free regime for the countries […]