The Global Legal Entity Identity Foundation has developed a system where each legal entity is requested to register and acquire a unique identification number – a Legal Entity Identifier (LEI)…
Category: Expert’s Blog Posts
Thinking of Relocating your Business to Singapore? Let Eltoma Help
Singapore has quickly become one of the world’s most prosperous countries with strong international trading links and per capita GDP equal to that of the leading nations in Western Europe,…
Relocating to Singapore: From an Expats Point of View
Singapore has become one of the world’s most prosperous countries with strong international trading links and per capita GDP equal to that of the leading nations of Western Europe, making…
The Seychelles and the Dawn of the Offshore Era
The Seychelles, like many other so-called tax havens are rushing to introduce amendments to existing legislation to be excluded from the list of non-cooperative countries that the EU has created…
Is There a Rocky Road Ahead for the Cyprus Banking Sector?
Is the Cyprus banking sector considered to be overcrowded? If you look at the population size of Cyprus, you will most probably come to the conclusion that yes, it is…
Global Tax Developments in Response to the COVID-19 Pandemic
Fiscal policies have provided important emergency aid to individuals and businesses during the COVID-19 pandemic. They are also essential to increase countries’ ability to react to a crisis and assist…
Cyprus: Changing the Face of the Island's Professional Services Industry
The recent developments on limited Cyprus’ Double Tax Agreement with Russia, and subsequent implementation of the Controlled Foreign Corporation rules in Ukraine have caused many to speculate that they will…
Banking for Offshore Companies: Changing the Global Landscape
The COVID-19 pandemic, stringent regulations, and challenges from Electronic Money Institutions are pushing the traditional commercial banks to cut expenses and roll back operations. HSBC is a good example. It…
The Secrets to Successfully Opening a Bank Account in Singapore
How it all began For more than 10 years, our company has been successfully opening bank accounts for our clients. During this time, we have accumulated a vast experience in…
Is Cyprus Heading for Another 2013 Banking Crisis?
Cyprus is experiencing another banking collapse. Currently, Cyprus Co-operative Bank is going through a difficult time. This passes unnoticed among most foreigners and it is not surprising – the bank’s…