So you want become a millionaire by running an online casino, poker room, sportsbook, or maybe bingo? Maybe you read something about Costa Rica unlicensed zero-tax gambling company. There are two approaches to this: licensed or unlicensed. Having a license in a reputable gambling jurisdiction comes with a wide range…
This will be a high-level introduction into what it means to be an offshore high-risk merchant in the ecommerce sector. What is Ecommerce? Merrian—Webster defines ecommerce as “commerce conducted via the Internet”, which is nice and simple so we’ll stick to that. What is a Merchant? That’s you, if you…
“Hold on. Scandinavia isn’t offshore.” That’s both right and wrong. The Scandinavian countries of Denmark, Norway, and Sweden are not offshore financial centers nor do they offer strict banking secrecy, though they all have banking secrecy by law. However, they are offshore from anywhere outside of Scandinavia. Why Bank in…
So you have set up an offshore company, probably in a location far from where you live. Maybe you picked Belize, Seychelles, Panama, or Hong Kong. The address of your company is the registered address your offshore service provider (OSP) provided. Your OSP might have casually mentioned virtual office or…
Why You Should Care Have you ever wondered how websites like Facebook can afford to be for free? That’s because Facebook isn’t the product. You are the product being sold. These websites track you and build up entire profiles about who you are. See the attached infographic from http://www.backgroundcheck.org/. You…
History Located on the north side of the island of Borneo, the Sultanate of Brunei traces its roots as far back as the 7th century, although the name Brunei (then Berune) does not appear in literature until the 1300s when Chinese settlers arrived. Prior to this, Brunei may have been…
New! How To Start an Offshore Company (revisited) Offshore company formation is generally much easier than onshore incorporation, due to lax legislation and business-friendly regulation. You can have your company in as little as a couple of days from payment to your offshore service provider (OSP). This article is…
Update May 2014 Marcaria is no longer offering incorporation and bank account opening services. They are now focusing on domain names and trademark. They remain a good company for domain names. I cannot really comment on their trademark services. This is the second part in my review of offshore…
New! How to Open an Offshore Bank Account (revisited) Here I will go through how to open a an offshore bank account and whether it’s worthwhile to pay someone for it. Do It Yourself or Use an Intermediary Going through an intermediary or offshore service provider (OSP) can have…
So you saw someone offering no-name prepaid offshore cards and now you want to know all about it? Great, but let’s first go through how these cards work and why you should probably avoid getting one unless it’s straight from a bank. The (Re-)Seller These cards are often sold by…