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Nominee services are typically provided by an intermediary to disguise the beneficial owner's business. Nominee services relate to the nominee shareholder and the nominee director. As a rule, the nominee services should also include a PO box service (office address for correspondence purposes). Nominee services are suitable for large corporate tax planning structures and often include an international aspect. For example, the beneficial owner is based in another country and not the company itself. Nominee shareholder services are typically provided on the basis of a declaration of trust whereby the nominee declares that they hold shares on behalf of someone else and have no authority to make decisions in the company, neither to vote at a shareholders' meeting nor to receive dividends from it unless the customer expressly gives an instruction. The nominee has no right to sell shares unless requested by the client. However, the Client and the Nominee may agree on specific tasks for the Nominee to perform. Such duties are often entrusted to lawyers and attorneys who have expertise in the field and can protect the interests of the client. Nominee director, also called 'shadow director' who normally only appears for official records while the company is effectively run by the client by power of attorney. On the basis of an approval, the client can open a bank account and assume full corporate management and control. Benefits of Nominee Services The benefits of using nominee services are evident in cases where an entrepreneur wishes to maintain their privacy and reduce visibility in official records or does not want their name to be associated with the business in question. In addition, there may be times when a person may have restrictions on performing the proposed activity or the law may require local management, such as a local secretary in Hong Kong. When a quick action is necessary to register a company abroad, in case the client cannot travel, it is often more convenient to temporarily appoint a local company manager. If the intention is to open a company in overseas jurisdiction, such as BVI, Belize, Hong Kong, it might be physically complicated to arrive in person. Nominee services usually guarantee confidentiality and anonymity. However, a disclosure sometimes happen at bank or in investigation authorities during court proceedings. The nominee services are widely used for tax planning and asset protection purposes. If ultimate beneficiary of completely corporate structure is based in low tax countries, he should enjoy the benefits of low tax system for the received dividends from the earned profits. Other advantage derives from the registration country and is often referred to financial statements and reports. In some tax haven jurisdictions there is no need for submitting the annual, therefore, low auditing and bookkeeping requirements that provide certain advantages, if the person is willing to increase privacy and confidentiality and hide his/her assets. https://www.confiduss.com/en/services/corporate/legal/nominee-services/

The Republic of Singapore, or simply Singapore, is a sovereign city-state located in Southeast Asia. Singapore is a global finance, commerce and transport hub with numerous standings, such as the most technology-ready country, top International-meetings city, city with the best investment potential, third most competitive country, third largest financial centre and many other nominations. The country also has been recognized as a tax haven. Singapore has the 5th highest UN Human Development Index, the 3rd highest GDP per capita; it is also highly ranked in healthcare, education, life expectancy, personal safety, quality of life as well as housing. There are four official languages: English, Malay, Mandarin and Tamil. Singapore business overview Singapore is recognized as a top business destination by the rest of the world due to numerous reasons. With the help of various policies and reforms, the government has managed to transform Singapore into a perfect environment for doing business. Due to the suitable environment, Singapore provides numerous opportunities for businesses to grow and flourish over time. This is just one of the reasons why a large part of businesses in the city is owned by foreign entrepreneurs. Businessmen from all around the world are attracted by the highly advanced infrastructure, and the extremely advantageous geographical location. As the most tech-ready nation in the world, Singapore’s openness to communication and information technologies has contributed to the country’s economic success. Furthermore, an advanced seaport along with international and domestic transportation services allows entrepreneurs to use the country as a trade and commercialization hub. Singapore’s global connectivity along with trade linkages has enabled investors and entrepreneurs to access the Asia Pacific as one of the fastest growing regions in the world. The city-state continues to be well-regarded as an economy with a credit rating of a triple-A and strong potential for growth. Business sectors Due to its business-friendly environment, there are numerous business sectors that have flourished over the years. Below is an overview of some industries that, among others, offer various business opportunities for foreign and local entrepreneurs. Oil-refining – Singapore is the 3rd largest oil-refining and trading centre as well as the largest oil-rig producer in the world. Singapore is also a major hub for ship repair services. Refined petroleum is among the main exported products. Banking sector – with over 200 banks operating in Singapore and more and more banking institutions chosen to establish their operational headquarters to service the regional group activities, the banking sector is a particularly profitable area for the country. Not only the banking sector provides jobs and profits to the nation, its liquid capital market is a major source of funding for Singapore’s growth and development. Information technology – Singapore was among those countries that managed to catch the emerging trend of IT establishments and their economic success, therefore, grabbed the opportunity to invest in this, at that time, new sector. Furthermore, the highly qualified employees with impressive IT skills have helped this sector to grow and flourish. Telecom Industry – deals with providing and improving mobile services, internet connectivity services and other technologies in Southeast Asia. Due to the growing amount of businesses and residents in Singapore, such services are highly demanded. Travel and tourism – over the years, the number of tourists visiting Singapore has increased and it still continues to become even more and more popular travel destination. Due to the convenient geographical location, beautiful nature and culture as well as numerous international and domestic means of transportation, Singapore is attracting more and more tourists each year, which in turn, results in an increasing demand for tourism-related services and businesses. Food and Beverages – Due to the high amount of foreign visitors as well as people who have decided to reside in Singapore, the culture of the nation is rather diverse and complex. The wide range of preferences of these people has led to an increased demand for a variety of cuisines and the business opportunities in this sector. Hospitality – Hospitality sector is supported by the government, particularly the establishment of resorts and hotels as well as small-scale businesses, such as inns, guesthouses and hostels due to the increasing interest from the tourists. While Singapore is very open to various business opportunities, those that will contribute to a maximization of tourists are particularly welcomed by the government. Retail fashion and stores – the residents of Singapore are highly interested in the fashion and following the latest fashion trends is an important matter in their lives.

Cryptocurrency is defined as the money of the future, or the unicorn of the 21st century, as some might joke. It has become a global phenomenon while being misunderstood by the majority of financial institutions, governments and corporations still operating to the old standards. However, many of the people working there have heard about virtual currencies like bitcoin, which confused society with its innovative approach to handling the flow of money in the form of digital cash.Today's most popular cryptocurrencies The most popular cryptocurrencies today are: Bitcoin (market cap $11,382,240,050), Ethereum (market cap $904,848,975), Ripple (market cap $290,446,84, Litecoin (market cap $184,904,214), Monero (market cap $83,466,495) , Ethereum Classic (market cap $80,817,441), Dash (market cap $66,519,213), Augur (market cap $52,038,360), NEM (market cap $37,322,550), Waves (market cap $35,727). , 500).Bitcoin Is the first such currency to serve as the digital gold standard across the industry. Its price has increased from $0 to over $650 while the transaction volume has reached more than 200,000 daily transactions.Litecoin While bitcoin is referred to as digital gold, this cryptocurrency is referred to as digital silver. It has an updated algorithm, is even faster and has a larger amount of tokens than Bitcoin. However, it is still referred to as “Bitcoin’s little brother.”EtherIs a very flexible family of cryptocurrencies as it validates a range of accounts, balances and states and can handle complex programs and contracts.Monero This cryptocurrency attracted a lot of attention when its popularity peaked in the summer of 2016. This happened because the dark web markets decided not to accept them as currency. The consequences were a price increase and a drop in actual usage.Ripple Has a greater tendency to process promissory notes than being a cryptocurrency, it does not serve as a medium to store and exchange value while having an XRP as a store of value. It's more of a token to protect the network from spam. However, financial institutions such as banks can use them and continue to use them on a daily basis today.The working mechanism of cryptocurrencies Experts refer to cryptocurrencies as a kind of limited entries in a database that nobody can change without meeting certain conditions. In addition, it is also a definition for each currency. This is due to the structure of a cryptocurrency. For example, Bitcoin consists of a network of peers, each of which has a record of the history of all transactions and the balance of each account. A transaction can be defined as a simple file stating that someone transfers a specified amount of bitcoins to another person and seals the deal by signing the file with his or her private key. After signing the file, the transaction carried out is transmitted in the network and sent from one peer to another.The whole mechanism looks like this: someone requests a transaction - it is then sent to a P2P network consisting of computers (nodes) - then validation comes into play as the user's status needs to be validated using known algorithms - after verification, the transaction is combined with other transactions to create a new block of data - this is then added to the existing blockchain - and the transaction is complete.So basically, the working mechanism of cryptocurrencies, or rather a technology, can be called P2P technology, where the cryptocurrency itself becomes a medium of exchange, created and stored electronically using some encryption techniques to control the creation of monetary units and in the blockchain Checking the money transfer. In general, cryptocurrency is digital money created from code whose economy is monitored through a peer-to-peer internet protocol containing an encoded or encrypted string of data.The increasing popularity of cryptocurrencies Nowadays, cryptocurrencies are becoming more and more popular, mainly due to their revolutionary properties, which make them similar to digital gold while protecting them from political interference. They are fairly quick and convenient means of making money transactions. Cryptocurrencies can also serve as means of payment for black markets as they are anonymous. They are creating a dynamic market of investors as they daily trade volume exceeds that of major European stock exchanges. Every day more new cryptocurrencies are emerging and the old ones disappearing after a few months survival marathon at the cryptocurrency market.Cryptocurrencies as an investment object Can be a good investment object because of such transactional properties as: being irreversible (after a confirmation, the transaction being made can’t be reversed), pseudonymous (transactions as well as accounts are not connected to real-world identities), fast and global (transactions are confirmed in a couple of minutes), secure (as they are locked in a public key cryptography system), permissionless (all is needed for their usage is a software which can be downloaded). Some say that later they will overtake the Western Union as a more preferable remittance tool.

An investment account is maintained with such financial institutions as banks, brokerage houses, or even insurance companies. The main purpose of this account is capital preservation and growth, as well as fixed-interest profit through long-term deposits in the asset portfolio. In general, "investing" means a proactive use of assets in a very broad definition - such as patents, trademarks, rare wines or gold coins, but also small businesses, real estate and antiques. In this regard, the investment account contains fewer physical assets: cash, stocks, bonds, and mutual funds. The fundamental objective of investing remains the same – to buy the asset and hold it for the long term, and to sell it at some point in the future when the asset's value is cheaper. Depending on the asset you have decided to invest in, you need to evaluate your investment as a long-term process as you will have to wait for the particular asset to appreciate in value. Investment Account Features Before opening an investment account, you should consider whether or not this type of financial service is best for your risk/return. Furthermore, liquidity preferences embody your goal. Investment accounts are usually maintained with long-term goals. Traditionally, the long term is considered to be 7 years or more, but this number should not be the primary determinant when deciding whether or not to open an investment account. This banking service is often used when there is a specific event in your life that requires a higher income, such as a wedding. For example, if you are sending your child to college, buying a house, or approaching retirement. Since one of the most important determinants of the investment account is its long-term nature, you should be ready to face another attribute of it - liquidity. Any financial instrument has less liquidity compared to cash in your checking or savings account. Additionally, this type of deposit usually comes with higher transaction costs should you wish to access the cash earlier than a specific time specified in the agreement between you and the financial institution. Types of investment accounts If you have decided to open an investment account, the next step is to find a bank or other financial institution that can offer you the most suitable type of investment account regarding the costs, risk level and other components. There are various kinds of accounts designed for different needs and wishes of investor, but not all banks offer such services. Brokerage account This account is managed by the investor himself. Usually, after depositing cash on this account, you can use the funds to purchase different financial instruments or other types of investments. This account involves a commission paid to your broker for executing your purchase and sell orders. If you feel uncertainty regarding your investing skills, you may use full service brokerage account, which would also include investment advices. Retirement account This account is designed for long term continuous deposits over the years of employment, which results in higher income during retirement in addition to the state pension (if applicable in your country – ask us). In several countries, deposits in the retirement account are not tax applicable. Custodial / guardian account These accounts are designed for investors, who want to save funds for their children or other person. This includes savings made for a child’s education. Specialty account This type of account usually includes testamentary or non-testamentary trust accounts. In case of a non-testamentary trust account financial instruments are registered on behalf of the trust, while managed by a trustee. Meanwhile, a testamentary trust is opened through the testimony of a deceased person. Business account Business account works similarly as brokerage account, while the client is a business instead of a private person. Account opening services Confidus Solutions team of highly-skilled banking agents and financial experts will provide you detailed consultation regarding different types of bank accounts in order to offer you the most efficient solution. Our agents are dealing with a number of global banks and financial institution, thus providing a great variety of solutions. Contact us and we shall review your case, provide the list of documents required to open an investment bank account and guide you through the whole procedure, including, negotiations with the bank. Advantages & disadvantages of investment account As discussed previously, it is very significant to determine the main reasons of opening an investment account or other type of account. If comparing to savings account, one must take into consideration that the funds deposited will not be accessed easily and the process will be more time consuming. While your investment account has the potential of high return, if invested correctly, a risk of losing some or even all the money, if invested incorrectly, should be taken into consideration. Favoured jurisdictions for investment banking We can assist with bank account solutions in numerous jurisdictions, however, some may offer more benefits in terms of confidentiality, asset protection, and financial sector legislation. Following jurisdictions are recommended for banking and payment solutions.

In today's highly digital world, the ways you can do different things - stay connected with family and friends, do business, learn, and of course - act have changed dramatically. Over the years, advances in technology have given us the convenience of online payments. Online trading is possible with credit or debit cards, with payment services such as PayPal or with crypto currencies.Cryptocurrencies are digital assets that act as a medium of exchange and use cryptography to secure transactions and control the creation of new currency units. Cryptocurrencies are usually classified as a subset of alternative currencies, also known as digital or virtual currencies. In contrast to standard monetary and centralized banking systems in the world, cryptocurrencies are controlled decentrally - using blockchain transaction databases.BitCoin became the first cryptocurrency in 2009. Interestingly, the inventor of BitCoin, Satoshi Nakamoto, didn't want to invent an alternative currency, but it came about as a by-product of another invention. His original plan was to develop a fully decentralized electronic cash system with no server or central authority. But over time, BitCoin has grown in popularity despite numerous attempts to develop new cryptocurrencies (most of them are called Altcoins by Alternative and Bitcoin, showing their kinship to BitCoins).Why are cryptocurrencies so popular?As one of the main driving forces behind BitCoin’s rising value is its widespread use around the world, with many now choosing to make payments through BitCoin rather than using other methods. For consumers, the option of using BitCoin means, in addition to higher security compared to a credit or debit card, due to the significantly lower risk of identity theft and fraud when trading online, more user-friendliness and convenience. The popularity with consumers is also growing as the adoption of BitCoins by businesses increases. Nowadays, BitCoins can also be used to trade in real life - from restaurants and cafes to real estate companies and other establishments that accept BitCoins. It is more than likely that as the value and popularity grows, the number of companies and retailers accepting BitCoins will continue to grow. Among other things, one can point out various other advantages of BitCoin:Quick and cheap transactions – when transferring BitCoins, transfer fees are significantly lower compared to other conventional types of money. In addition, international money transfers can take from several days to more than a week to be complete, whereas BitCoin transaction is generally comple within an hour. This is due to BitCoins being completely global and subject to very few laws or restrictions of any country's central banking institution;