News | Page 103

Conventional banking institutions set many conditions that must be followed by those seeking to cooperate with a particular bank. As a rule, clients spend a huge amount of time to meet all the requirements set by the bank. This became one of the reasons for the emergence of virtual systems for payments – a profitable…

What is a corresponding banking? The corresponding banking is when a financial institution (FI) acting as a third-party bank that conducts banking services on behalf of a local bank, usually in a foreign country. The network of such establishments, called correspondent banking, is a crucial part of the global payment system and international trade is…

According to a survey conducted by the World Economic Forum, Canada has the best banking structure in the world. The overview of Canada as financial jurisdiction was showed that the next positions after this jurisdiction are occupied by Sweden, Luxembourg and Australia. Canada was given 6.8 points out of 7 possible, thus, it became at the…

 Ontario General Partnership registration with the participation of Non-Resident Partners. The Ontario General Partnership is a form of business registration in Canada that combines the reputational benefits of Canadian jurisdiction with the offshore component, making it beneficial to Non-Resident Partners. The main aspects of this business structure include: Canada’s authoritative onshore jurisdiction, whitelisted by the…

Today, Canadian banks and the entire financial system are considered one of the most reliable in the world, and in 2020, this country entered the ten best and most stable economies, ranking 9th. Of course, banks, financial institutions and payment systems support the financial sector. Instead of unattainable requirements, the Canadian regulator has established quite…

Cyprus has one of the most attractive legislation systems for international tax planning. A low corporate tax rate, exemption from taxes on dividend income, tax transparency, and double taxation treaties with an array of industrialized countries – all these factors create favorable conditions to carry out activities on the island, especially using the structure of…

ISO 14001 certification is dedicated to EMS creation and execution. International authority develops and provides standards adopted around the world publishes this normative document. Latter variant – “ISO 14001:2015” – has been agreed by most of states. Certification confirms that firm fulfills all possible demands to reduce its environmental impact. This, in turn, helps improving…

All foreign individuals seeking to enter the United States must receive the right visa to be granted legal entry upon arrival in the country. Broadly speaking, visa options for foreigners fall into 2 categories: non-immigrant and immigrant programs. There are 3 gateways that allow foreigners to enter the USA: Work, Business, and Immigration Visas. In…

E-Money Institutions in Cyprus (also known as EMI in Cyprus) are entities that licensed to provide financial services to third parties, store their funds on special segregated accounts and issue debit cards. Being more flexible and fast in their operations, EMIs are a great alternative to traditional banks. EMI’s clients can also execute payment transactions…

Surely you have repeatedly wondered what is the difference between stock exchange and exchange. In fact, there are quite a few differences between crypto exchange and stock exchange, in particular, they are structured differently and differ in the principle of interaction with users. The main differences are as follows: Reliability. The marketplace is a large…

Everywhere millions of exchange transactions are carried out constantly via OTC markets. Internet network, as a limitless extent, gives for unimpeded accession. In addition, regardless of geographic boundaries, every trader may act in any of the existing currencies. Within the retail Forex market, speculative operations are widely spreading. Consequently, brokers, banking institutions or other may…

The Forex trading space is a virtual marketplace designed for all products offered in this field. Through vast network of technology providers, liquidity and investment funds, and brokers that the Forex market is, each dealer may safely cooperate and choose the most profitable options for interaction. Advantages and benefits of the Forex market The need…