Author:
Alexandra Erlanger
Updated:
29 August 2025
The UK payment system and its advantages for corporate account setup. Businesses that the UK payment system accepts as customers. Countries that the UK payment system does not work with. Documents you will need to open a corporate multi-currency account in the UK payment system. Commissions and fees that the UK payment system collects from corporate multi-currency account holders. How can I open a corporate multi-currency account in the UK payment system?
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Author:
Alexandra Erlanger
Published:
25 May 2023
Paraguay is a unique country with an amazing culture and many exciting attractions. What are the key features of this South American country? Our experts will tell you interesting facts and must-see places in Paraguay.
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Author:
Alexandra Erlanger
Updated:
15 June 2023
The main advantages that a freelancer will find if he/ she opens an account with the British payment system include the following ones: a personal IBAN; payments to 150+ countries in more than 20 currencies; instant SEPA and SWIFT payments; client support in several languages; bulk payments; acquiring; salary projects; a plastic MasterCard.
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Author:
Alexandra Erlanger
Published:
25 May 2023
Welcome to our offshore myth collection: offshore companies, IBCs, and offshore corporations engage in illicit activities, their operations are unregulated, offshore companies, IBCs, and offshore corporations are established in blacklisted jurisdictions, IBCs, offshore corporations, and other offshore business structures evade taxes, nominee services enhance confidentiality, offshore companies lack trustworthiness, and registering an offshore company is an exorbitant expense.
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Author:
Alexandra Erlanger
Updated:
13 May 2026
Opening a bank account in Uruguay is not the easiest thing to do if you are a non-resident as there are certain limitations. This explains why there is very little information on the Internet on opening an account in Uruguay. The best solution for travelers and non-residents is to have a payment card from a foreign bank or an account with a payment system accepted in Uruguay. If you are planning to relocate and live in Uruguay or move your business there, you will definitely need a bank account. In this case, you should first get a residence permit, and then go to the bank. Read the post for more details.
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Author:
Alexandra Erlanger
Published:
24 May 2023
Is there a difference between an offshore and a foreign company? In the modern business world, these are almost identical concepts, although there is still a certain difference. Our experts will tell you these nuances in a new article.
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Author:
Alexandra Erlanger
Updated:
04 May 2026
Which countries have the lowest standard VAT rates in 2025? Explore the value-added tax rates across the world and look behind the figures. Low-rate VAT countries. Zero-rate VAT. Higher VAT rates by country in 2023. Benefits of low VAT rates vs benefits of high VAT rates.
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Author:
Alexandra Erlanger
Published:
23 May 2023
Both Liechtenstein and Luxembourg are extremely prosperous European jurisdictions and life is comfortable in both places. There are a few differences between the two Duchies, however. In particular, the taxes are lower in Liechtenstein while social protection is a bit stronger in Luxembourg.
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Author:
Alexandra Erlanger
Updated:
15 June 2023
Why choose the UK payment system? Limitations of the UK payment system. Prohibited countries and jurisdictions. List of documents you will need to open a multi-currency account in the United Kingdom. Service fees within the UK payment system. How can I open a personal multi-currency account with the UK payment system?
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Author:
Alexandra Erlanger
Published:
23 May 2023
Opening an account with a foreign bank can be quite expensive, although in most cases, such expenses are worth it. How much does it cost to open a bank account abroad, and what are the additional costs and pitfalls, read in our article.
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Author:
Alexandra Erlanger
Published:
23 May 2023
Some people will claim that using offshore tax havens is illegal but such claims are wrong. Under international pressure, offshore jurisdictions have become totally transparent for tax authorities, which makes it perfectly legal to start an offshore company or open an offshore bank account. At the same time, attractive tax benefits are still available in offshore countries.
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Author:
Alexandra Erlanger
Published:
23 May 2023
How and why are offshore territories established? Why do governments strive to set up offshore zones? What nations have set up offshore zones, and where are they? Offshore company types. What benefits do offshore zones offer for entrepreneurs and governments? What does the government gain from an offshore zone? Offshore perks: popular schemes explained. What are the profitable locations to open an offshore company in 2023–2024? Why would you set up an offshore company – final thoughts.
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Author:
Alexandra Erlanger
Published:
22 May 2023
What identity proof documents do banks require to open an account for a customer? How do banks verify the address and identity of a customer? What residence address verification methods do banks employ? Ways to verify the address and address proof documents. How and where can I open a bank account without residency? Can I open a bank account with a passport only? Do you need an address to open a bank account?
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Author:
Alexandra Erlanger
Published:
22 May 2023
Uruguay is a country with a stable economy and well-developed infrastructure, and it can become a good place to set up a business. Its reputation in the business world is quite high, and it offers favorable taxation conditions: you pay no tax if your income is derived from sources abroad. If you work locally, you will be taxed according to a progressive scale adopted in 2023. Take advantage of Uruguay as a pro-business jurisdiction by establishing a joint-stock company or a limited liability partnership, the most popular legal forms in the country. Read the article to find out more details.
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Author:
Alexandra Erlanger
Published:
22 May 2023
Do you still keep your savings in a bank account? This is a wrong strategy in 2023 as it will not help you protect your money from galloping inflation. There are many other profitable instruments that are better suited for this purpose – and if you are unaware of them, our specialists will help you. However, you still need a bank account for some purposes: for example, it is much more convenient to take a bank card with you when you travel than to bring cash, or you may need to prove your financial standing with a bank statement. How much to keep in the account then and for what purposes? Read on to find out.
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Author:
Alexandra Erlanger
Published:
22 May 2023
Surely every person has heard the term holding company, but not everyone understands the features and benefits of such business structures. Our experts have prepared a detailed guide on the use of offshore holding companies in 2023, including their legal forms, jurisdictions for registration, and other nuances.
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Author:
Alexandra Erlanger
Published:
22 May 2023
International trade: offshore strategies. Offshore company issues in international trade: VAT exemption, free trade agreements, banking aspects, business scale, guidelines for CFCs, transfer pricing rules, and costs for registration and maintenance. Why bother with setting up a company in a traditional offshore jurisdiction? The country’s image. Licenses and authorizations for offshore businesses. Location of the supplier. Offshore companies in international trade – summing up.
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Author:
Alexandra Erlanger
Updated:
19 February 2024
The legal address of an offshore company is a very important aspect that many entrepreneurs do not pay due attention to when registering an offshore business. How the address can affect the success of your venture, whether it can be changed, and other important topics in our new article.
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Author:
Alexandra Erlanger
Updated:
07 June 2023
A Singaporean payment system will open merchant accounts for international corporate clients. Payments to and from 170 countries, in 200 currencies, by 300 methods.
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Author:
Alexandra Erlanger
Published:
19 May 2023
If you are thinking of relocating to Uruguay, you might want to buy a house or an apartment rather than rent one. Prices differ a lot from city to city, and you can surely expect the highest prices in the capital and in popular tourist places. However, even prices in Montevideo, the capital, may vary greatly from district to district! What is more, towns can be lively and bustling – or quiet and relaxed, and this is also a choice you need to make. In this article, we will take a look at different towns and cities in Uruguay where you can buy real estate and low- and high-priced districts in Montevideo.
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Author:
Alexandra Erlanger
Published:
19 May 2023
Making up the list of top offshore tax havens in the world. Rating of the best international offshore tax havens from bottom to top. Bermudas (Somers Isles), Isle of Man (Mann), Singapore, Lebanon, Principality of Liechtenstein, British Virgin Islands (BVI), Turks and Caicos Islands, Jersey, Anguilla, and Bahamas (Commonwealth of the Bahamas) tax havens. Professional assistance from Q Wealth with choosing the tax haven exactly matching your needs.
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Author:
Alexandra Erlanger
Published:
19 May 2023
Do you pay taxes in Paraguay? Undoubtedly yes, but this country offers very favorable rates for both businesses and individuals, which in some cases can even be reduced to zero. Our experts will talk about the tax advantages of this country, as well as the possibility of quickly and inexpensively obtaining permanent residency in Paraguay.
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Author:
Alexandra Erlanger
Published:
18 May 2023
Acquiring foreign citizenship by descent is an opportunity available to those whose ancestors were citizens of other countries. For example, a Brazilian whose grandparent or even great grandparent was a citizen of Italy can obtain an Italian passport without too much trouble if he/ she is able to prove that this was the case indeed. The situation in the immigration market changes constantly and some national citizenship-by-descent programs are abolished while some new such programs are launched.
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Author:
Alexandra Erlanger
Published:
18 May 2023
Rating of the best cities in the world for relocating your business and home. To make a successful move, use the help of our experts to make a wise and informed choice of location.
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