Offshore banking is a legitimate way to protect assets, reduce costs and expand investment opportunities, but it is not without risk. In this article, our experts explain some of the dangers of offshore banking and advise how to minimize or circumvent the risks.
Key advantages of registering a company in Luxembourg include the following ones: a central location and good relations with other countries; a strong economy; openness of the country and a friendly business environment; lack of restrictions on foreign investment; lack of currency control; beneficial tax policies; support and development of digital technologies. Luxembourg is probably the most advantageous Western European country to register a company there.
Laws regulating the banking system in Hungary. Major banks in Hungary: OTP Bank, K&H Bank, UniCredit Bank Hungary, Erste, and MKB Bank. Bank account in Hungary and its perks for non-residents. Tips for foreigners wishing to overcome language and regulatory challenges when setting up a bank account in Hungary. A complete checklist of required documents for foreigners about to open a bank account in Hungary.
