In 2017, the classic offshore companies that offer the possibility of full tax exemption (British Virgin Islands, Belize, Panama, Nevis, etc.) became unattractive for Russians because of the steady loss of what was once the benefits there: closed share registers, the possibility of using nominal values, complete lack of company reporting and convenient banking schemes. This year was marked by a surge of hyperactivity in FATF (The Financial Action Task Force on Money Laundering), predicting the imminent end of the offshore industry. Recent events with the banks of Cyprus and the “Panama Papers” make this believe. In Latvia, US companies Navigant Consulting Inc, Promontory Ltd. and Exiger LLC conducted an “independent” bank audit, which led to the closure of Trasta Commerce Banka and confusion among the rest. The increasing pressure of FATF on banks has led to the fact that the usual Latvian banks have become inhospitable. Continue reading
Rich people become such under the influence of many factors. One of the most important criteria for becoming a successful and rich person is the correct perception of money.
It happens that there is both talent, and necessary resources, and organizational skills, but it’s impossible to get what you want. Perhaps the reason is precisely in the wrong attitude to making money. We will try to debunk some of the most common myths about money. Continue reading
If the brand name has become a household name, this phenomenon can have both positive sides for the company and negative ones. On the one hand, consumers are beginning to correlate the name of the company with a certain group of goods. Another aspect of such a transition from the name of a brand to the name of a particular product is that over time the brand will lose its copyright and any company that produces one type of product or another will be able to use it. Continue reading