If you are not a European resident but you would like to have an account with a European IBAN, there is an interesting option to consider. You can set up a personal account with a payment system in Lithuania and it will have a European IBAN. With this account, you can freely make and receive payments in euros.
Read moreThe article indicates the main challenges that the contemporary small business owners face and discusses the ways of overcoming the challenges. These include the marketing challenge, the fiscal challenge, the inventory and supply chain challenge, the recruitment challenge, and the overwork challenge.
Read moreStartup failure rates globally in facts and figures. Top-5 reasons why startups fail: product/market mismatch, wrong teams, poor marketing planning, wrong time to launch the startup, and unbalanced competition. Stats behind startup failure and ways to fix them. Examples of startup failure globally. Successful startups on a worldwide scale. Advice and consultations for novice startupers from Q Wealth and more.
Read moreHow can you pay yourself in the most tax efficient way if you are a business owner? This depends on your business ownership structure. Sole proprietors usually pay themselves through the owner's draws. If you are the owner of an LLCs or a Corporation, you can also pay yourself a salary or dividends on your business company’s profits.
Read moreAre you looking for a safe and stable haven to register your business? Many entrepreneurs of the world address us with this request, and we, first of all, think of Nevis. This is not the only suitable jurisdiction, of course, but we cannot say for sure until we find out about your situation. Nevis is a good solution for business, asset protection, and confidentiality of beneficiaries if this is the issue for you. To match this choice, we offer to open a bank account in the most reliable bank in
Read moreA holding company can be created to hold other business units and various types of property. If structured wisely, the company can help its founders to reduce their tax burdens. Certain conditions have to be satisfied for the company to qualify for tax exemptions. These conditions vary from one country to another.
Read moreBenefits of having an IBAN account in Lithuania for foreign citizens and non-residents. Main advantages that come along with opening a dedicated personal account in Lithuania. Restrictions on working with the payment system in Lithuania. Conditions for personal account opening in Lithuania: prohibited countries and jurisdictions. Rates and service plans. Setting up personal accounts for non-residents – procedure. Expert assistance with setting up personal IBAN accounts in Lithuania.
Read moreNevis IBC for asset and confidentiality protection. Documents necessary and procedure to follow to set up IBC in Nevis with a Macedonia corporate account. Macedonia bank rates. tariffs, and costs for non-residents. Money transfers and cash transactions. L/Cs for legal entities. Secured safe deposit box rentals. Internet banking and KIBS certificates. Bank guarantees. Documents required to open Macedonia corporate accounts. Professional assistance with IBC set up and corporate account opening.
Read moreA person working in a particular sphere should know all the available instruments (or at least the main ones), and business is no exception. A holding company is one of such instruments that we would like to present to you. It has its strengths and weaknesses that we list in the article, but overall, it is an excellent instrument used to build a flexible business structure. It implies a certain degree of independence as the whole company is not liable for the debts of any particular subsidiary,
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