E-commerce, (aka electronic commerce), is a type of industry where buying and selling of product or service is conducted over electronic means, using systems such as the Internet and other computer networks.
I don’t know, how about you, but I mostly shop online. At one point I would not even bother go to food supermarkets, instead do my shopping online and have it delivered to me, most of the big food supermarket chains, other shops offer home delivery for idlers like me.Internet shopping is extremely popular and convenient, as there are many services and products, that you cannot find anywhere around where ever you live and also if you just feel lazy to go somewhere.
If you have an active trading business, merchant account really is a must! Sure you can have your requisites and ask your buyers to pay through bank wire transfer, but, in reality, that is not very convenient for the buyers. Firstly, because banks add charges, secondly, it takes much longer than an instant credit/debit card payment.
Sure, you need to explore this option and decide if it is suitable and needed for your business, depending on your business model and offered services.
Some may have The David or Cellini to hide, some may want to hide their fortunes from their spouses, some may want to create a company to conceal their activities, there are many reasons for setting up an offshore company.
Having an IBC or a bank account offshore is not illegal! The illegal part is not declaring your income in your home country, just like I explained in one of my previous post The wise man and the foolish man OR smart ways to repatriate your offshore funds.
All of us must have heard or learned at some level about the recent leaks of secret banking information. As you know this was one of the biggest days in investigative journalism and will go down in history as one! After 30 years of careful investigations, The International Consortium of Investigative Journalists (ICIJ) obtained and went through “piles and piles” of files they gathered, which are said to be 160 times larger than the US State Department documents that were leaked by the Wiki leaks in 2010. Over thousand names were released, information from more than 120,000 thousand offshore companies and trusts was revealed, exposing many hidden dealings of con men, politicians and rich people over the world!
Apostille from French means certification. It is an international certification, which, in domestic laws, can be compared to a notarization. It is a procedure by which official documents issued in one country are certified in a uniform way, so that they become formally acceptable in all another signatory countries.
In general all documents that are meant to be presented form one country in another must be certified. Apostilled document does not require any further evidence to prove its authenticity. Only in cases when a country is not signatory country (member) to The Hague Convention, documents must go through the Embassy of the country of intended use for final legalization.
Little background on what is that in general?
A bearer instrument (aka bearer share) is a document indicating that the owner of this document has title to property, so who physically holds the bearer share is assumed to own the property. For this reason the main benefit is the ability to quickly and anonymously transfer the ownership of the shares.
Every offshore company in each of jurisdictions is required by law to have local registered address so called „minimum local presence”.
But for those who have some sorts of an active businesses „virtual office facility” might just be what they need! This is a paid service, which brings to life your already registered address. Virtual office has sub-services, which can be any or all of the following: full address for business correspondence, telephone and fax numbers, mail and fax forwarding service, document re-mailing and call handling service. These services create a more comprehensive “ground presence” for your company, giving the company a more “bricks and mortar” appearance in active trading situations. From your clients point of view, the fact that your company is registered in BVI, Belize or Seychelles as well as your office is based over there, will seem more real.
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