Offshore finance countries in and near Europe

    Recently we had discussion with some investors willing to develop financial money services in the EU and got to the point talking about where the head finance accounts should be set up. Some of the investors had the thought that any small country no matter in EU or outside it which is currently developing its economy and infrastructure is an offshore zone for money to be stored in without tax issues, along with high confidentiality. Well do not get confused like them, in Europe (European Union) there are no countries that have this status allowing them to hide bank account information and to protect money transfers from taxes. The only countries that have this feature are not in Europe, but are bordering the EU. Those are Switzerland, Monaco, Malta, Luxembourg, Liechtenstein and Cyprus. Of course there are some others near Europe that just provide some eases for commersial and corporate financial needs, but those are just the best usually used for high-definiton money export.
    We will only focus on the most appropriate and developed offshore banking zones in which money are more than secure and money transfers go without any problems along with the symbolically low taxes rates.
    Money and finances in Gyprus (offshore banking). Cyprus is know to be a separated to two parts contry, with a main characteristic of each sides - Greek influence for one of the sides, and a Turkish for the other. As you may already suppose, the Greek part is considered and know to be the better developed in economical and infrastructure terms. That is the part where actually Banks offer conditions and requirements which suit the money storage of large companies that want to avoid high tax rates. Money transfers to and from banks in this Cyprus part are noticed to have diminutive fees and because of the high international influance, they have great relationships with all the money transfer insitutions all over the world.
   Swiss banking and money transfers. Switzerland does not need an introduction, as it is widely famous with its Banks and offshore finances stored in Swiss bank accounts. Fore some of you Switzerland may seem an overestimated zone, but facts are facts. They really offer the highest confidentiallity for your money and private bank account information, and they avoid being in the European Union which gives them the opportunity not to be ruled by laws that otherwise oblige high tax rates. That is why the taxes that comply in Switzerland does not oblige your finances and you are not supposed to pay the high amount of money that you would otherwise pay in e.g UK, US, Australia, etc. Swiss government holds the position that privacy is fundamental for any financial or money transfer service, and supports the firm policy of any of the Banks situated there.
    Well for now that information would be enough for you if you decide to export your money to an offshore banking zone like Switzerland or Cyprus. If you have any additional questions or want to know specific details mail us and we will do our best to get the info for you.

USD versus EUR and Wire versus Cash

   Recently a huge turmoil has been in progress as most of you noticed on the foreign exchange markets, stock markets and in global economical view. So for the others that do not know the exact reason of that money-chaos situation, it is the US Dollar and US economy that changed and slowed the world financial growth. The thing is that for an year or so, USD is constantly falling in almost every FX pair (USD/EUR, USD/JPY, USD/AUD, etc) and that is for sure not normaly but is kind of aftermath of the bloodbaths America used to make around the world and the position of the Oil with respect to the U.S positions overseas. Anyway most of you could say, OK, the dollar is going down but it won't wound me because I am trading in EUR and I am in Europe, so me and my finances will remain untouched and unharmed. Well, almost true - in any case whatever financial moves you make with money overseas, the smartest thing to do is to use EUR or at least JPY because of their stable position right now and even in a long-term prediction forecast. But, there is almost no chance for your finances to remain unharmed in a long-term view because of the 100% sure opinion of economical experts that this USD crisis will surely slow the global growth and in any case "the party is over". But, again, please use EUR, GBP, JPY or whatever you like and do not get involved in deals which USD is a main currency.

   Another thing that cannot be easily noticed if you are not dealing with corporate finance or large money operations overseas is the change of some money transfer companies' Terms and Conditions because of never seen before amount of Fraud worldwide. And this information by the way was not public, as I happened to reach it through several head central subagent executives dealing with opening new branches of Western Union. According to them, as internal reports show, the amount of fraudalent money transfers to the Eastern Europe, Asia and Africa exceeds the percentage of legal ones. That is the reason for Money transfer companies to tighten up the requirements and rules for international money transfers to insure that illegal money-laundering activities are not being done via their services, and of course for the security of legal money transactions overseas. A new tracking system is know to be developed in order for the money sender and/or receiver to be able to track the money from their source to their destination. There are of course other new things around the money transactions but we will all get informed as soon as they will make them public.