• Sign In
  • Sign Up
    Loading ...
View All Updates Mark All Read
THE FREE WORLD PRESS ~ Paul Coulbeck, Chatham-Kent--Leamington Marijuana Party
  • Home
  • Members
  • Albums
  • Classifieds
  • Blogs
  • Polls
  • Forum
  • Chat
  • Groups
  • Events
  • Videos
  • Music

Member Info

  • Profile Type: Regular Member
  • Profile Views: 2,530 views
  • Friends: 0 friends
  • Last Update: May 16, 2024
  • Joined: September 19, 2021
  • Updates
  • Info
  • Albums(1)
  • Blogs(8)
  • Forum Posts(2)

Updates

The post was not added to the feed. Please check your privacy settings.
  • Confidus Solutions
    Confidus Solutions posted a topic in the forum News and Announcements:
    Know Your Client and Anti-money laundering policies
    Know Your Client, also known as KYC, refers to numerous due diligence activities performed not only by financial institutions but also other regulated companies in order to retrieve any relevant information about their clients before and in the course of...  moreKnow Your Client, also known as KYC, refers to numerous due diligence activities performed not only by financial institutions but also other regulated companies in order to retrieve any relevant information about their clients before and in the course of doing business with them. Every financial and business entity is responsible for adopting and implementing various KYC procedures and regulations.
    Know Your Client policies typically include procedures like:Collecting and analysing a person’s identity information and looking into the real beneficiary of the company and business accountsName-matching with lists of political parties (searching for Politically Exposed persons or PEPs)Determining a client’s likelihood of committing money laundering, terrorist financing, identity theft or other offencesCreating expectation profiles based on a client’s transactional behaviour, and monitoring any deviations from this profileAnti-money laundering, also known as AML, is a set of laws,...    less
    • May 16, 2024
  • Confidus Solutions
    Confidus Solutions wrote a new blog entry:
    Infrastructure of Turkmenistan
    Infrastructure of Turkmenistan
    The logistic performance index of Turkmenistan is 2.3. It indicates mediocre performance - transit procedures are relatively unreliable, punctuality and safety of transported goods are often an issue, although such a system can work relatively well when t...
    • June 28, 2022
  • Confidus Solutions
    Confidus Solutions wrote a new blog entry:
    License and permission acquisition
    License and permission acquisition
    License and permission acquisition The business license is a specific document that enables the conduct of business and operation in a specific business area. Generally, the license is issued by the government, agency, or government agency. The requiremen...
    • April 29, 2022
  • Confidus Solutions
    Confidus Solutions wrote a new blog entry:
    Demographics of China
    Demographics of China
    The total population of China is 1,415,045,928 people. The people of China speak the standard language, Mandarin. China's linguistic diversity is vaguely diverse according to a fractionation scale, which is 0.1327 for China. The average age is around 36.7...
    • March 13, 2022
  • Confidus Solutions
    Confidus Solutions posted a topic in the forum Off-Topic Discussions:
    Tax havens
    An offshore corporation is usually referred to as a corporation incorporated for the purpose of operating outside of the country of its registration. This means that such a company can be registered and operated outside the national borders of...  moreAn offshore corporation is usually referred to as a corporation incorporated for the purpose of operating outside of the country of its registration. This means that such a company can be registered and operated outside the national borders of a person or company. This can be particularly worthwhile when it comes to legal, financial or tax advantages. A company can also legally move abroad to enjoy relaxed regulations or, in other words, to take advantage of international laws. This is also the main reason why entrepreneurs choose to start businesses abroad.
    Some countries deliberately make their local business attractive in order to harness foreign capital and investment. The well-organized and well-known worldwide offshore destinations are UK, USA, Belize, Cyprus, Hong Kong, Dominica, Singapore, Seychelles, Panama and St. Kitts & Nevis, to name a few. Buying a business remotely these days is beneficial and easy to do.
    Advantages of offshore companies
    There are certain advantages to running...    less
    • February 25, 2022
  • Confidus Solutions
    Confidus Solutions wrote a new blog entry:
    Maltese citizenship: a passport to Europe
    Malta's Citizenship by Investment Program is an ideal option for families looking to relocate their business and / or personal affairs to the European Union. Maltese citizenship granted through this program is valid for life and can even be passed on...
    • February 11, 2022
  • Confidus Solutions
    Confidus Solutions wrote a new blog entry:
    Economy of Hong Kong
    Economy of Hong Kong
    Hong Kong is considered a developed country. A nation's stage of development is determined by a number of factors, including economic prosperity, life expectancy, income equality, and quality of life. As a developed country, Hong Kong is able to prov...
    • January 9, 2022
  • Confidus Solutions
    Confidus Solutions wrote a new blog entry:
    Management office & Substance
    Material matters are becoming more difficult in Europe and around the world for tax reasons, so some customers may prefer to have more physical presence instead of performing virtual office services. One of the possible strategies for increasing substance...
    • November 16, 2021
  • Confidus Solutions
    Confidus Solutions commented on sobhana s's blog entry.
    What to consider in security terms and conditions for employees
    What to consider in security terms and conditions for employees
    ISO 27001 Certification in Bangalore a good way to ensure that people are aware of their roles and responsibilities in an organization is by defining policies and procedures to be followed. They only cover the people who are already working for the organi...
    • October 25, 2021
    • Confidus Solutions
      Confidus Solutions http://www.confiduss.com/en/services/corporate/support/recruitment/

      On-site recruitment
      Many jurisdictions, e.g. B. Singapore, especially those that offer special tax planning benefits, require overseas companies to hire local staff in order to receive...  more
      http://www.confiduss.com/en/services/corporate/support/recruitment/

      On-site recruitment
      Many jurisdictions, e.g. B. Singapore, especially those that offer special tax planning benefits, require overseas companies to hire local staff in order to receive the above benefits. In addition, jurisdictions such as Latvian cite the inexpensive skilled workforce as one of the main benefits of company registration there, making hiring local staff an integral part of the start-up strategy. These are the main reasons local recruiting services are essential to any business planning for moving to a foreign jurisdiction.

      Recruitment of highly qualified executives
      Sometimes local directors and shareholders are required by law to set up businesses with additional tax benefits, or simply to register a business in a jurisdiction with a favorable tax regime. Typically, in order to qualify as a local resident for the position of senior executive in a start-up company, a person must either be a citizen of that...    less
      • October 25, 2021
  • Confidus Solutions
    Confidus Solutions wrote a new blog entry:
    Tax havens
    In general, a tax haven is a country where taxes are either levied at a low rate or none at all. Well-known examples of tax havens are Panama, Belize, the Seychelles, the Cayman Islands, the Isle of Man and Hong Kong. Very often such areas are also referr...
    • October 23, 2021
  • Confidus Solutions
    Confidus Solutions wrote a new blog entry:
    Online and mobile banking
    Online and mobile banking
    Online banking, also known as virtual, internet or e-banking, is an electronic payment system that enables customers of a bank or other financial institution to process a wide variety of financial transactions through the bank's website. Since online bank...
    • September 19, 2021
  • Confidus Solutions
    Confidus Solutions commented on sobhana s's blog entry.
    3 reasons why ISO 27001 helps to protect confidential informati
    3 reasons why ISO 27001 helps to protect confidential informati
    ISO 27001 Certification Services in Bangalore is all about protecting information from unauthorised access. Every organisation as usual has a lot of information relating to different departments or members which are to be kept confidential. In instan...
    • September 19, 2021
    • Confidus Solutions
      Confidus Solutions Benefits of nominee services
      The benefits of using nominee services can be seen in cases where an entrepreneur wants to maintain his privacy and reduces visibility in official records or does not want his name to be associated with the company in...  more
      Benefits of nominee services
      The benefits of using nominee services can be seen in cases where an entrepreneur wants to maintain his privacy and reduces visibility in official records or does not want his name to be associated with the company in question. In addition, there may be situations where a person has restrictions in performing the intended activity or when the law requires local management, such as a local secretary in Hong Kong. http://www.confiduss.com/en/services/corporate/legal/nominee-services/  less
      • September 19, 2021
  • Confidus Solutions
    Confidus Solutions has just signed up. Say hello!
    • September 19, 2021
View More
Loading ...

Info

Personal Information

  • First Name Confidus
  • Last Name Solutions
  • Gender Male

Contact Information

  • Website http://www.confiduss.com/en/
  • Facebook https://www.facebook.com/ConfidusSolutions/

Personal Details

  • About Me Company formation worldwide! International business advisory, tax planning, bank account opening, company registration included in wealth management suite by Confidus Solutions.

Albums

  • Wall Photo­s 1 photo

Previous
Next

Blogs

  • Infrastructure of Turkmenistan

    Posted June 28, 2022

    The logistic performance index of Turkmenistan is 2.3. It indicates mediocre performance - transit procedures are relatively unreliable, punctuality and safety of transported goods are often an issue, although such a system can work relatively well when traffic is not t...

  • License and permission acquisition

    Posted April 29, 2022

    License and permission acquisition The business license is a specific document that enables the conduct of business and operation in a specific business area. Generally, the license is issued by the government, agency, or government agency. The requirement to obtain a l...

  • Demographics of China

    Posted March 13, 2022

    The total population of China is 1,415,045,928 people. The people of China speak the standard language, Mandarin. China's linguistic diversity is vaguely diverse according to a fractionation scale, which is 0.1327 for China. The average age is around 36.7 years. Life ex...

  • Maltese citizenship: a passport to Europe

    Posted February 11, 2022

    Malta's Citizenship by Investment Program is an ideal option for families looking to relocate their business and / or personal affairs to the European Union. Maltese citizenship granted through this program is valid for life and can even be passed on to your childr...

  • Economy of Hong Kong

    Posted January 9, 2022

    Hong Kong is considered a developed country. A nation's stage of development is determined by a number of factors, including economic prosperity, life expectancy, income equality, and quality of life. As a developed country, Hong Kong is able to provide social serv...

View All Entries

Forum Posts

  • May 16, 2024 3:55 PM EDT
    in the topic Know Your Client and Anti-money laundering policies in the forum News and Announcements
    Know Your Client, also known as KYC, refers to numerous due diligence activities performed not only by financial institutions but also other regulated companies in order to retrieve any relevant information about their clients before and in the course of doing business with them. Every financial and business entity is responsible for adopting and implementing various KYC procedures and regulations. Know Your Client policies typically include procedures like:Collecting and analysing a person’s identity information and looking into the real beneficiary of the company and business accountsName-matching with lists of political parties (searching for Politically Exposed persons or PEPs)Determining a client’s likelihood of committing money laundering, terrorist financing, identity theft or other offencesCreating expectation profiles based on a client’s transactional behaviour, and monitoring any deviations from this profileAnti-money laundering, also known as AML, is a set of laws, regulations and other procedures designed to eliminate the practice of generating income from illegal activity. Typically, money launderers hide the real source of their income through a series of steps that make it look like money derived from illegal activities was earned legitimately. Anti-money laundering policies aim to help institutions spot and look into possible cases. Globalisation and the global information exchange systemKYC and AML policies are designed to offer solutions for eliminating the numerous risks deriving from the fact that financial institutions do not know their clients. On the other hand, these same policies also have a tendency to conflict with a private individual’s general expectations of confidentiality and privacy. With the rapid advance of globalisation over the last few decades, security concerns have become a top priority, not only for national regulators, but for the international community more generally. In response to rising concerns over money laundering, an intergovernmental organisation called the Financial Action Task Force on Money Laundering (FATF) was established in 1989 during the G7 summit in Paris, and shortly afterwards it issued recommendations on money laundering and terrorism financing. All the recommendations are intended to be put into action at a national level through legislation and other legally binding measures. In addition to the Know Your Client and Anti-money laundering procedures described above, FATF recommendations require states to co-operate internationally and exchange relevant information in investigations. A new international standard, called AEOI or the automatic exchange of information, will come into force in participating countries to ensure that tax authorities exchange data relating to taxpayers’ bank accounts. The main goal of AEOI is to make tax evasion impossible. AEOI stipulates that banks must report information about bank and safekeeping accounts to the domestic tax authorities. This information is then exchanged with the tax authorities in AEOI partner countries. Possible solutions to protect confidentialitySome jurisdictions consider revealing the name of an account holder to be a criminal act. The privacy of a bank’s clients is protected by law and regarded as being similar in nature to the confidentiality between doctor and patient or lawyer and client. Although privacy is seen as a fundamental principle and greatly protected in these jurisdictions, law enforcement access can be granted to the relevant information in the context of a criminal investigation. However, if no criminal accusation has been made, offshore banks offer the maximum possible confidentiality and security. Offshore banking jurisdictions are designed to protect assets from domestic litigation and other civil matters, such as contested estates or divorce. An even higher level of confidentiality and anonymity is available through other asset-holding vehicles — for example, international business companies and offshore trusts.   https://www.confiduss.com/en/services/corporate/legal/aml-policy/
  • February 25, 2022 2:56 AM EST
    in the topic Tax havens in the forum Off-Topic Discussions
    An offshore corporation is usually referred to as a corporation incorporated for the purpose of operating outside of the country of its registration. This means that such a company can be registered and operated outside the national borders of a person or company. This can be particularly worthwhile when it comes to legal, financial or tax advantages. A company can also legally move abroad to enjoy relaxed regulations or, in other words, to take advantage of international laws. This is also the main reason why entrepreneurs choose to start businesses abroad. Some countries deliberately make their local business attractive in order to harness foreign capital and investment. The well-organized and well-known worldwide offshore destinations are UK, USA, Belize, Cyprus, Hong Kong, Dominica, Singapore, Seychelles, Panama and St. Kitts & Nevis, to name a few. Buying a business remotely these days is beneficial and easy to do. Advantages of offshore companies There are certain advantages to running an offshore business. For example, asset protection when a person has a large amount of money and can use such an opportunity to protect them from legal proceedings and divorce settlements. Another benefit is low taxes. Some jurisdictions are known as tax havens due to the level of taxation that varies depending on the jurisdiction: tax exemptions, flat taxes, 0% capital gains tax, etc. The other benefit is related to international expansion when a company faces many legal and bureaucratic problems in its home country . Other benefits include: lower operating costs, tax deferral, compounding of deferred profits, easy annual reporting, multiple income streams, VAT savings on services and anonymity. Typically, the benefits of an offshore company depend on the jurisdiction of the offshore company and, to some extent, the laws of the country in which the company owner is located. Because of this, business people need to be mindful of the offshore jurisdiction they choose and take into account the local laws of that country. Procedure for establishing offshore companies There are just a few basic steps to starting a business in Hong Kong, Belize, Seychelles, or St. Kitts & Nevis. Firstly, the basic service costs of a company have to be covered, which includes a deed of incorporation, a decision to rent an office and a directory of directors (approx. € 700). Second, there is an additional privacy fee; depending on the law firm (approx. 400 €). There are also costs for opening a bank account with personal presence to open it for the security of the entrepreneur, a fee for obtaining a logo, stamp, seal, name badge, as well as fees for apostilles, virtual offices, etc. A person must provide his or her personal credit card information and contact details. A mandate also needs to be signed, specifying who has the right to control the opened bank account, add signers, remove it and close it. It depends on the company's articles of association. Frequently, the above services can optionally include the formation of international trading companies, the provision of a registered agent, the provision of corporate governance, the custody of documents and company administration services, the management of the company, the participation, the formation of offshore investment funds and the assistance with licensing of offshore insurance include corporate and offshore banks, introduction of offshore bank accounts, virtual office services and corporate searches. These services may be offered and provided by professionals such as high net worth individuals, private entrepreneurs, professional advisers, accountants and legal advisors working in local companies in the local jurisdictions in Hong Kong, Belize, the Seychelles or St. Kitts and Nevis, etc.
Previous
Next
Copyright ©2025  -  Privacy  -  Terms of Service  -  Contact  -  Mobile Site

Create Account

You will use your email address to login.

 
 

Member Sign In

If you already have an account, please enter your details below. If you don't have one yet, please sign up first.

 
 
 
Forgot Password?
Share