What identity proof documents do banks require to open an account for a customer? How do banks verify the address and identity of a customer? What residence address verification methods do banks employ? Ways to verify the address and address proof documents. How and where can I open a bank account without residency? Can I open a bank account with a passport only? Do you need an address to open a bank account?
Uruguay is a country with a stable economy and well-developed infrastructure, and it can become a good place to set up a business. Its reputation in the business world is quite high, and it offers favorable taxation conditions: you pay no tax if your income is derived from sources abroad. If you work locally, you will be taxed according to a progressive scale adopted in 2023. Take advantage of Uruguay as a pro-business jurisdiction by establishing a joint-stock company or a limited liability partnership, the most popular legal forms in the country. Read the article to find out more details.
Do you still keep your savings in a bank account? This is a wrong strategy in 2023 as it will not help you protect your money from galloping inflation. There are many other profitable instruments that are better suited for this purpose – and if you are unaware of them, our specialists will help you. However, you still need a bank account for some purposes: for example, it is much more convenient to take a bank card with you when you travel than to bring cash, or you may need to prove your financial standing with a bank statement. How much to keep in the account then and for what purposes? Read on to find out.
Surely every person has heard the term holding company, but not everyone understands the features and benefits of such business structures. Our experts have prepared a detailed guide on the use of offshore holding companies in 2023, including their legal forms, jurisdictions for registration, and other nuances.
International trade: offshore strategies. Offshore company issues in international trade: VAT exemption, free trade agreements, banking aspects, business scale, guidelines for CFCs, transfer pricing rules, and costs for registration and maintenance. Why bother with setting up a company in a traditional offshore jurisdiction? The country’s image. Licenses and authorizations for offshore businesses. Location of the supplier. Offshore companies in international trade – summing up.
