News

China Shy of a Few less Millionaires in 2013

Even though the economy of China has slowdown from the stumble in the stock market and a less productive market during 2012 it has still managed to produce new millionaires. A recent survey has shown that, the rate of new millionaires has increased this said, to the slowest rate in five years in 2012. Furthermore,…


The Advantages of a Tax Haven Company

Many countries in the world have adopted the benefits of providing very low corporate tax rates in comparison to the rest of the world and being labeled by other countries as Tax havens. The main objective that countries implement low tax procedures is to attract foreign direct investment within the…


U.S. Tightens Compliance Regulations for Bitcoins

Throughout the last few years we have seen financial regulators forcing tight compliance measures towards the financial services sectors and all its affiliates.  All financial services, in a probe of being fined and/or shut down adhere by new rules. There is no doubt that it is a huge learning curve…


South East Asia Projected Growth Exceeds Expectations

All positive economic growth advanced from the U.S. and Japan has resulted in recovering the down fall of a Chinese slowdown in the South Eastern region. The growth has seen Singapore adjusting its forecast to 3.5% from a projected forecast of 2.5%.  The increase in the projected growth arises from…


Active Cyprus Property Demand from China

Official statements from the Interior Ministry's migration department has confirmed Chinese national's interest in Cyprus. The Ministry commented on the number of applications for permanent residency from a few to hundreds this year in comparison to last year.  Specifically from 2012 to 2013, the figures…


Although, other jurisdictions as Mauritius, Cayman Islands, British Virgin Islands, and Isle of Man are seeing signs of recovery from previous statistics and hopes to the return of 2009 statistics are now optimistic. Market experts have rightly indicated that uncertainty in the market place has also…


After meeting with a delegation in Cyprus, the new Russian Ambassador - Mr Stanislav Osadchiy has confirmed that Russian investors are still interested in investing in Cyprus. He had noted that once restrictions in capital movements are lifted it will assist in the interest of Russian cooperation with…


World of changers: - Compliance Measures

World tendency of financial markets changes constantly. Situation with the banks isn't exceptional, banking system is under transformation as well. Primarily changers relate to the reformation of procedures and rules with customers. Some banks change their lists of "acceptable" customers by imposing…