Learn the processes to have an offshore trading account- Bejum.Com http://www.bejum.com Wed, 03 Apr 2019 11:07:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Open an offshore trading account! http://www.bejum.com/open-an-offshore-trading-account/ http://www.bejum.com/open-an-offshore-trading-account/#respond Wed, 03 Apr 2019 11:06:52 +0000 http://www.bejum.com/?p=40 Often you have money in cash, you move heaven and earth to be able to acquire while our national banks do not offer the opportunity to travel with confidence wherever you want! Sometimes it is the policy of our country which represents an imminent danger on the not securing of our assets, it is, for […]

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Often you have money in cash, you move heaven and earth to be able to acquire while our national banks do not offer the opportunity to travel with confidence wherever you want! Sometimes it is the policy of our country which represents an imminent danger on the not securing of our assets, it is, for this reason, that to resort towards the creation of offshore account becomes our guaranteed. This seems like a great deal to manage the fruits of our efforts, is not it? This, given the many benefits that free transfer provides. I will show you the processes to have an offshore account after showing you what it is.

An offshore trading account what is it?

An offshore account is a bank account that you create of course, but it comes from a foreign bank of your choice. We are talking about an account deposited in a jurisdiction with benefits in terms of charges and truth of financial service. This offshore bank is certainly besieged outside your residence. This is to prevent you from having an ascending tax check to the point of extorting your assets legally. Both the individual and the business may own it. On the latter, the system is linked to an offshore business creation established in the place where the account resides; this to be able to control the circulation of money.

For more information about the offshore trading account, I invite you to visit Offshore-Citizen.

Who are the targets of this type of account?

A bank account reserved for everyone, this liquid preservation system includes all socio-professional categories. Offshore banks sit almost in all countries considered to be lodged; contrary to what we think.

This method of depositing money does not exist on the lookout for dishonest people (bad guys). Because noble, simple and modest people, famous are already immersed in this world of tax investment. This in order to facilitate everyday life.

What must be done to have this account so famous in the business world?

  • There are two options for creating an offshore account. The first is the one that is preceded by a physical meeting with the offshore bank (case of Hong Kong, Dubai, and Macao), then the one that does not require a trip to get in touch with the bank (case of Mauritius and Bahamas).
  • It is advisable to know the profits of this type of tax investment. With that, I’ll mention some reasons why we need to create one? Collect commissions,
  • Defend your credit, administer your inheritance.
  • Prepare for a real estate investment abroad. Prevent a defended bank. If you are sure to be part of this world of tax security, I invite you to follow the instructions below.

Some procedures that accompany the creation of the account

Locate your offshore bank. To do this, we must first look for the right country. The tactic of not running a risk is always analyzing the political and economic stability of the host country of your account. In this case, avoid conflicting countries. Do not dive into the country in the country that has flaws in the monetary value. Then think of those who do not have the ability to control all their bank.

If you want to ensure your actions, find yourself a good provider such as national agencies to help you create your account and then advise you on the steps to follow.

Provide the documents for as few as possible such as a piece of ID, the sum of 500 euros for a first deposit. Some bank wants you to bring a residence card, an attestation on your property, etc. the range varies from 500 to 2000 euros.

Contact the bank of your choice by moving if this is the option you have chosen to pursue; or visit the local agency in partnership with your future placement if your choice is on ease of access.

In 7 days maximum, you will have your tax haven that you will have to manage by yourself according to online management.

Finally, your bank will send you the confirmation by mail with the access codes cards and your bank access codes so that you can even complete the movement of your account.

In short, the offshore account will allow you to control your assets in peace in any place where you are, its accessibility is one of its great advantages. It’s a kind of life insurance so what are you waiting for!

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Breakthrough in cross-border settlement of “offshore trade” in Shanghai Free Trade Zone http://www.bejum.com/breakthrough-in-cross-border-settlement-of-offshore-trade-in-shanghai-free-trade-zone/ http://www.bejum.com/breakthrough-in-cross-border-settlement-of-offshore-trade-in-shanghai-free-trade-zone/#respond Mon, 01 Apr 2019 07:32:07 +0000 http://www.bejum.com/?p=37 Nigeria Zonglue Hydropower Project, Angola Cabinda Port Project, Kenya Monnet Railway Project, Pakistan Karakoram Highway Phase II… In the “Belt and Road” construction, Chinese companies are in full swing to carry out various large-scale projects when they need When ordering various equipment products from multinational companies, it is undoubtedly the most convenient and quick way to choose the order […]

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Nigeria Zonglue Hydropower Project, Angola Cabinda Port Project, Kenya Monnet Railway Project, Pakistan Karakoram Highway Phase II… In the “Belt and Road” construction, Chinese companies are in full swing to carry out various large-scale projects when they need When ordering various equipment products from multinational companies, it is undoubtedly the most convenient and quick way to choose the order of the company’s China headquarters. However, if the goods are not sold or leased to overseas customers directly by the company’s overseas manufacturers, the company’s China headquarters cannot complete the settlement of the offshore trade.

In the context of deepening the construction of the Shanghai Free Trade Zone, in July last year, Volvo China headquarters formed a preliminary pilot program and reported to the competent authorities, successfully carried out the offshore trade business under the first “One Belt, One Road” project, breaking through Shanghai The cross-border settlement problem of the trade zone for many years has become a successful pilot of deepening the financial open innovation of the free trade zone and a typical case of trade and investment facilitation and upgrading of the free trade zone.

30-ton excavator shipped directly from South Korea to Nigeria in July last year, the China Hydropower Eighth Bureau Nigeria Zonglue Hydropower Project ordered two 30-ton excavators from Volvo China headquarters. The equipment was shipped directly from the Korean factory to Lagos Port, Nigeria. All the transportation took place overseas, and the funds were settled. The Volvo China headquarters is operated by a dedicated account opened by the Industrial Bank Shanghai Branch.

In fact, this single cross-border settlement business is the first in the country. This is the investigation of the competent authorities of the People’s Bank of China and the foreign management department. Based on the needs of enterprises, they will jointly explore and solve problems. On this basis, provide policy guidance and support, and establish a normal state. Communication mechanisms, etc.

The Industrial Bank Shanghai Branch took effective measures to ensure that the flow of goods was traceable and the flow of funds was controllable. At the same time, the relevant formalities were institutionalized and modularized, and a cross-border performance bond business was handled for Volvo China headquarters, and the company was assisted to complete the pilot project on time. Prepayment terms. After that, the bank gradually assisted the company to settle the payment settlement business. By the beginning of November last year, the first payment and payment process of this single cross-border settlement business was completed.

“In the past, if we received such an offshore trade order, it could only be operated by our Singapore company.” Zhan Xu, vice president and director of Volvo Construction Equipment Investment (China) Co., Ltd., said, “Now our local bank can complete the cross. Financial services such as settlement, settlement, and sale of foreign exchange are more efficient and convenient.”

As the world’s third-largest construction equipment manufacturer based in Sweden, Volvo Construction Equipment is committed to further development of its business. In 2012, Volvo established an investment company in Jinqiao, specializing in international trade. Zhan Xu said that in the past because the Chinese headquarters could not make offshore trade, the annual turnover of about 3 billion yuan and the various taxes of nearly 1 billion yuan failed to land in Shanghai.

Let companies and regulators achieve information symmetry “In the past, due to the restrictions of China’s customs supervision system, our company can only engage in import and export trade, and it is impossible to carry out offshore trade where goods are not declared for entry.” Zhan Xu, vice president and director of Volvo Construction Equipment Investment (China) Co., Ltd., said that the customs Because the goods cannot be seen, the relevant entry and exit documents cannot be provided, and the cargo rights cannot be proved in the traditional way. The bank is worried that there is no non-compliance risk according to the regulations, and it is not easy to try, resulting in the failure of the enterprise to accept and pay. Domestic fund settlement.

How to establish mutual trust and verification mechanisms between enterprises, banks, and regulators to ensure the authenticity of offshore trade and the legitimacy of the use and source of funds?

In fact, the Jinqiao Management Committee of Pudong New Area has started to crack the bottleneck of “offshore trade” cross-border settlement since 2016. It has visited Volvo China headquarters several times to analyze and study the problem and clarify the problem and to cooperate with the city, district customs, and the Chinese people. The Shanghai headquarters of the bank, the Shanghai Branch of the State Administration of Foreign Exchange and other regulatory departments communicate. On this basis, the Jinqiao Integrated Information Platform was developed and constructed. The enterprises located in Jinqiao are connected to the platform according to the voluntary principle. 

According to their own business development needs, the relevant data generated in international trade, manufacturing, and maintenance are sent to the platform in real time. Supported by big data technology, the platform accumulates, analyzes and compares data such as “flow of funds, goods flow, document flow, and information flow” in business operations, and generates node data required by customs, pedestrian, and external management departments. And promote data transmission and interaction, and ultimately eliminate the information asymmetry between enterprises and regulatory authorities, and open up barriers for pilot enterprises.

Government endorses Volvo for whitelistingTransaction settlement is faster, bank procedures are compressed to hourly, costs and costs are significantly reduced… Today, the FTA has implemented cross-border settlement and trade functions, eliminating the need to rely on overseas companies to support domestic business operations. Today, Volvo China headquarters has settled all overseas settlement operations in Shanghai, with a cross-border turnover of 200-300 million yuan. Among them, the “One Belt, One Road” offshore trade volume is expected to reach 600 million yuan, and various taxes are expected to reach 500 million yuan. With the successful pilot of Volvo China’s offshore trade, it also allowed banks to expand and upgrade new businesses, expand new customers, and better achieve financial support for the real economy.

As a reputable company, Volvo China has now been included in the “white list”, and the government endorses the integrity of enterprises through big data technology. It is understood that the Shanghai Municipal Commission of Commerce regularly provides a “white list” to the PBOC, strengthens the overall coordination and build a platform through internal support, and supports enterprises to expand the business innovation model of the FTZ. In addition, the use of scientific and technological means to innovate regulatory verification methods and explore the establishment of mutual trust and verification mechanisms, that is, to enable innovative enterprises, banks and regulatory agencies to cooperate with verification mechanisms to ensure the authenticity and legitimacy of transactions and funds.

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