Password must be 8-15 alphanumeric characters with these requirements
- Minimum one number (0-9)
- Minimum lowercase letter (a-z)
- Minimum one uppercase letter (A-Z)
- Minimum one special character "#?!@$%^&*-+<=>"
- Example password 99azTR?!@
Offshore financial center can be defined as any financial center where extraterritorial activity takes place, that is, the financial activity dedicated to non-residents. This definition also includes all financial centers in the world, where there is no distinction between offshore businesses for non-residents and onshore for residents.
There are 2 types of financial centers. Such centers as the United Kingdom, New York and Tokyo according to the IMF are defined as "International Financial Centers" and therefore are excluded from the definition of offshore centers. On the other hand there are "Offshore Financial Centers" such as Hong Kong, Singapore, Cayman Islands where the activity takes place outside the residence of the individual. In addition to the banking activities themselves, the financial centers provide for non-residents other services such as fund management, insurance, trust formation, tax planning and activity of international mercantile companies. Offshore financial centers usually are used to save taxes, protect assets and give anonymity. Who would not like to reduce taxes on profits simply by having their business registered outside their country of residence? Calculate all taxes that your company pays a year or what you would pay in taxes and social insurance by opening your new business and the sum will be a minimum amount that you can save every year if you decide to move your business out of your country of residence. Add the fiscal flexibility of these jurisdictions favorable for the development of business and anonymity in commercial activity.
Do you feel secure knowing that the government of your country controls your money and that the tax agencies can have access to your bank accounts at any time? Investing in offshore financial centers one obtains complete anonymity of all his income and transactions, and avoids control over capital movements and patrimony protection. Why not choose a completely legal path and at the same time facilitate the saving of taxes, anonymity and protection of heritage? See the characteristics offered by offshore financial centers and compare them with those of your high taxation country.
A disadvantage of the tax havens is its remoteness, but the fact is that close to Spain there are territories that, under certain conditions, are authentic tax havens such as Andorra and Gibraltar and a little further, Monaco, the Channel Islands or the Channel La Mancha, Switzerland and Luxembourg. The establishment of a tax haven in your own or nearby country is a way to capture foreign capital and alleviate the unemployment situation of surrounding regions.
Tax havens have full banking services, normally at the highest level and comparable to those of the major financial centers worldwide. They provide loans in different currencies and often at more advantageous conditions than in a high tax EU country. Banking secrecy law is essential and institutions can only violate it under certain conditions which vary from country to country and which the user should know very well before opening an account.
Today, the pressures of international agencies to prosecute money laundering and terrorism are turning tax havens to “international financial centers", characterized by a favorable legislative environment for business, taxation mitigated, but more transparent, regulated and cooperating with other countries and with the same bodies.
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