Tag archives for International Banking
What is Offshore Banking
Definition The term ‘offshore banking’ refers to having a bank account in a bank that is located in a country outside the country of residence of the depositor. Offshore banking is often associated with tax-exempt, or low tax, jurisdictions that provide a set of advantages for its customers. Offshore...
US Senate Accused Swiss Bank of Harboring Funds of Wealthy Americans
The United States Senate has accused Swiss bank Credit Suisse of harboring between 10 and 12 billion US dollars belonging to wealthy Americans. The money harboring would protect those wealthy Americans from the recently adopted tax laws that would help eliminate the anonymity of those who use offshore accounts....
India’s economic problems
In 2003, Jim O’Neill, a global economist at Goldman Sachs proposed a term BRIC for four emerging markets – Brazil, Russia, India and China. O’Neill believed that these countries possessed immense potential which would ultimately materialize and result in them becoming the most dominant economies by 2050. For India...
Advantages and disadvantages of offshore bank accounts
For over a decade, Healy Consultants Group PLC is assisting our Clients open both, personal and corporate bank accounts in every country in the world. Here are the advantages and disadvantages of offshore bank accounts. Add this infographic to your site <a href=”https://blog.healyconsultants.com/wp-content/uploads/2013/09/International-banking-advantages-disadvantages.gif”><img class=”alignleft size-large wp-image-2228″ alt=”Healy Consultants Group...
[VIDEO] International banking regulation in Asia on the rise
Entrepreneurs investing in Asia are likely to have stumbled on one recent trend: opening a corporate bank account in Asia is really hard. Here is our interview with Healy Consultants Group PLC’ Client Relationship Manager, Ashima Khanna, on international banking regulation in Asia and how they’ve impacted clients. You can...
International banking regulation in Asia on the rise
Entrepreneurs investing in Asia are likely to have stumbled on one recent trend: opening a corporate bank account in Asia is really hard. What used to be a relatively simple process has become increasingly complicated and time-consuming, with banks requiring stronger guarantees before approving applications. For example, in Hong...
Offshore banking
Here are Healy Consultants Group PLC’ What, Why and Where of International/Offshore banking. Add this infographic to your site <a href=”https://blog.healyconsultants.com/wp-content/uploads/2013/09/International-banking-infographic.gif”><img class=”alignleft size-large wp-image-2228″ alt=”International-banking-infographic” src=”https://blog.healyconsultants.com/wp-content/uploads/2013/09/International-banking-infographic.gif” width=”720″ /></a>Created by <a href=”https://www.healyconsultants.com”>Healy Consultants Group PLC</a>...
Offshore Banking Explained
Many entrepreneurs and individuals have heard about offshore banking, but are unsure about the benefits, legal implications, or even what it entails. By gaining a better understanding of offshore banking, entrepreneurs can decide whether it is relevant to their company, and to their own investments. Technically speaking, an offshore...
Singapore may overtake Switzerland as world’s largest offshore wealth hub
A report by London-based research firm WealthInsight says that Singapore may overtake Switzerland in terms of offshore assets under management as early as 2020. Singapore currently has US$550 billion in assets under management, which is up more than tenfold since 2000. The report said that Switzerland’s assets under management...
International Banking Update – Cyprus
Cyprus banks opened last Thursday, albeit with stringent capital restrictions imposed to stave off a run on the banks following the new bailout plan. Since then, depositors have been allowed to withdraw no more than €300 in cash daily, while transactions over €5,000 now require central bank authority. Overseas...