Month: June 2017
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Hong Kong ORSO Schemes for Overseas Retirement
[box]ORS402(b) compliant registered ORSO scheme is an exempt, non-reporting Financial Institutions for CRS reporting purposes under Part 2 of Schedule 17C to the Inland Revenue Ordinance (IRO). When the Hong Kong ORSO schemes is not exempt from CRS/FATCA reporting it is not recognized internationally for deferral of income.[/box] Knowing the differences in Hong Kong ORSO…
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The Crucial Role of Offshore Centers in the Global Economy
[box size=”large” border=”full”]Industry representatives in the British Virgin Islands are shouting it from the rooftops: BVI’s financial services sector is a boon to the global economy.[/box] [box type=”note”]A recently released economic impact report commissioned by BVI Finance shows:[/box] 417,000 companies are registered in BVI The companies have US$1.5 trillion in global assets The sector supports…
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Highest Rated Offshore Businesses of 2017
PANAMA CITY, PANAMA – 28 Jun, 2017 – OffshoreReviews.com was launched in early 2016 and since then we have received nearly 1500 reviews of close to 4000 offshore banks, offshore company formation services, offshore registered agents, offshore brokers and money managers, offshore law firms and offshore precious metals brokers. We have recently added businesses involved…
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Hong Kong ORS and CRS (Common Reporting Standard)
The Hong Kong ORS is not exempt from CRS/FATCA reporting; which means the ORS is not recognized internationally for deferral of income. ORS402(b) is an exempt from CRS and FATCA reporting exempt beneficiary financial account. WE provide the whitepapers to explain the difference between a Hong Kong ORS and our private label ORS402(b). Overseas Financial…
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EOS Blockchain Operating System Unveils Year-Long Token Distribution
GEORGE TOWN, Cayman Islands, June 26, 2017 /PRNewswire/ — EOS, the first blockchain operating system designed to support commercial decentralized applications, today announced further details for its digital token distribution to open on Monday, June 26. EOS’s token distribution follows a groundbreaking participation model that will take place over the course of one year creating…
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China’s richest have $30 trillion to spend, and more investing in Australia
[box]Australia is the third most popular destination for ultra-rich Chinese to invest wealth offshore and it’s closing the gap on other countries, a new report shows.[/box] As interest in the top two investment destinations, Hong Kong and the United States falls by 18 per cent and 3 per cent respectively, there has been a 7…
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The 10 U.S. Cities Where The Cost Of Living Is Rising Fastest
LOS ANGELES, June 19, 2017 /PRNewswire/ — American household debt totalled a record $12.73 trillion as of March 2017, so cost of living concerns are more pertinent than ever. Personal finance news and features website GOBankingRates conducted a study to identify which cities across America have seen the largest increase in cost of living expenses from…
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Cryptocurrency Gaming Network, Breakout Gaming Group Secures Curacao Gaming License
[box size=”large” style=”rounded” border=”full”]A Cryptocurrency Gaming Network is to be covered by a new CEG-issued license, providing increased player responsiveness and security.[/box] SAN JOSE, Costa Rica, June 15, 2017 /PRNewswire/ — The Breakout Gaming Group has secured their own Curacao license after successfully meeting all the Curacao eGaming requirements. This license will cover the Group’s currently operating…
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China’s FinTech will lead global development
HONG KONG, June 10, 2017 /PRNewswire/ — On 2nd June, world-renowned financial magazine, The Economist, hosted a summit titled “Finance Disrupted: Asia“ in Hong Kong. In addition to Morgan Stanley’s Managing Director, Crawford Jamieson, President of UBS Asia Pacific, Kathryn Shih, Executive Vice President of ANZ Group, Farhan Faruqui, and other international leading experts, a…