Level 25–01, 3 Church Street, Singapore, 049483
EN RU

Articles

How can a foreigner open a bank account in Singapore in 2019?We would like to tell you about the possibilities of opening a bank account in Singapore for individuals who are non-residents of the city-state. The year 2018 was a year of further tightening of onboarding rules in the banks worldwide. As a result, bank account opening is now a complicated mission almost impossible to complete.
How rental property investment protects from financial crisis.The last month of the calendar summer of 2018 can be described as calm for global financial markets. Indices of leading markets are near record levels. NASDAQ index, APPLE and GOOGLE, VISA and MASTERCARD stocks continue to grow in price. However, there are signs showing the picture will change soon: emerging markets’ indices are slightly lower than a year ago, there are less stocks whose price has grown over the past year.
The worst asset of 2018As the first half of 2018 is ending, it is a good time to sum up the interim results of this year for investors. In general, the global financial markets’ behaviour in the last 6 months can be described as a calm before the storm. Indices of the leading equity markets showed a decrease up to 10%, the current yield on bond investments is in the zero area after the last 6 months in the US authorities raised the intertest rate, the same is for the gold and the largest real estate markets. In addition, experts unanimously predict the approach of the next financial crisis.
Offshores – out! And who’s in?In the short time that has elapsed since the announcement by ABLV BANK of self-liquidation, a number of remarkable events have taken place in the banking sector of Latvia. On May 09, amendments to the Law on the Prevention of Laundering the Proceeds from Criminal Activity (Money Laundering) and of Terrorist Financing (AML Law) entered into force in Latvia, prohibiting market participants from engaging in relations with companies that have the characteristics of a shell company
Great wealthy Chinese people’s pathIn May 2018, professionals from the international tax planning industry, business immigration, asset management gathered in the Chinese City of Shenzhen to participate in China Offshore Shenzhen Summit 2018 and to present new solutions for wealthy people living and working in China. However, the major value of the summit was, in our opinion, that it gave an opportunity to hear from the professionals working in China what the local market really needs.
It’s time for the best solutionsIn April 2018, two traditional conferences of WEALTH PRO series, organized by Bosco Conference, were held one after another in 2 major Russian cities, Moscow and St. Petersburg. A representative of our company, a well-known expert on developing optimal solutions for business and capital protection, Sergey Bogatyrev, made presentations at both events.
Creation instead of disruption: how to make blockchain-project a successful businessThe most discussed topics at various blockchain conferences are: Bitcoin; Blockchain; and Disruption. The projects are competing in being more disruptive, and the degree of the disruptive madness becomes higher as time passes. The definition of Disruption, according to Cambridge dictionary is an interruption in the usual way that a system, process, or event works. Simply speaking, disruption means rather demolition and collapse of existing stuff than new way of doing things.
What lessons could be learned from ABLV bank crash?What happened between Red Rooster and Yellow Dog? Don’t you agree, it is a weird question. Though, it has a precise answer: The Black Swan. Those who familiar with trader and economist Nassim Taleb’s accounts, know that The Black Swan term is used to describe events which seem never occurred in any circumstances. However, these events happen on an annoyingly regular basis. One of this type event happened just recently: the time when The Red Rooster was passing its mandate to The Yellow Dog. To be exact – one of the largest Latvian banks, ABLV, ceased to exist. It is worthwhile mentioning that ABLV announced its voluntary dissolution on February 26, 2018, just two weeks after the first speculations regarding “possible problems with correspondent accounts in US Dollars” appeared in the media.
Cryptocurrency Fanatics' Kindergarten Games 02.12.2017Do you remember that game we used to play as children, where we ran around a set of chairs while music played? There were fewer chairs than children, and when the music stopped, you had to quickly sit on a chair. Whoever was left without a chair was out of the game, and with every round we removed another chair until there was only one chair and two players left. The person who sat on the last remaining chair was the winner, and everyone else lost. If not, then you probably haven't heard of cryptocurrency yet, the philosopher's stone of 2017.
Taxation in Singapore: one rule, many exceptionsToday’s world is a battlefield where governments are fighting for tax income from individual and corporate taxpayers. Furthermore, taxes that could initially be described as “a small donation to the public good” are now a huge and inescapable burden in most countries.
Singapore or Hong Kong: unexpected answer to popular questionToday we would like to discuss popular question being asked by our readers and customers: which Asian jurisdiction, Hong Kong or Singapore, is better to choose for global business?
Why Singapore is the best choice for doing business internationally and globallyThere have been many words told and written regarding the excellent business environment Singapore provides to entrepreneurs. However, until very recent times it looked like all the advantages of the city-state system were available only to those who decided to make close ties with the tiny island in the heart of South-East Asia.
Singapore companies: the simple stroke of a geniusThe first Companies Act of independent Singapore was enacted in 1967, aiming to bring foreign investment in to a country which struggled to survive without mineral resources, only doing so by offering a cheap workforce to foreign investors.
How to use Singapore companies for doing business globallyIn order to make our description of Singapore companies complete we should definitely talk about Singapore companies’ application. There is a common knowledge that Singapore is rated No. 1 for ease of doing business. But for whom it is actually the best? Who is the main beneficiary of this? What are the industries where the use of Singapore companies is the most feasible? What particular advantages of Singapore companies can be used in different situations? Here we are sharing our experience with you below.
Sydney property market: a fidgety child of strict parents (08.06.2017)The government of the Australian state of New South Wales has announced an increase of the additional state duty from 4% to 8%. New rates are effective from July 1, 2017. The additional state’s stamp duty is charged on foreigners who purchase property in the state of New South Wales. It is the state where the city of Sydney, the economic capital of Australia and its largest financial centre, is located.

1