Open a Swiss bank account

What are the requirements to open a Swiss bank account? How long it takes there, and what are the documents required? What benefits do we find to open a Swiss bank account? 

Although the collective imagination readily assimilates billionaires and numbered accounts, open a Swiss bank account is not only reserved for large fortunes ... No minimum deposit required to open a bank account in Switzerland, and anyone can access this service. To open a Swiss bank account, the only obligation to the client is to prove his identity. 

To open a Swiss bank account, it is not necessary to move. Swiss bankers have long accepted the opening of accounts by mail. Today, the internet further simplifies the process. Pre-registration online takes a few minutes.Simply fill out a form indicating the identity of the holder and the account type that wants to open, the amount he agrees to deposit and potential investments to achieve. The mailing of legal documents to prove the identity of the client, and sometimes the source of funds deposited will finalize the transaction and open a Swiss bank account. 

Open a Swiss bank account has many advantages. The famous Swiss banking secrecy internationally recognized one of them. Although it is not possible to open an anonymous account, Swiss banks have a policy of confidentiality very demanding. With a numbered account, it is possible to further limit the number of people with knowledge of the identity of the holder. Open a Swiss bank account also gives you access to powerful tools to optimize capital through investments, while lessening the tax related to the interest generated, and facilitating the transmission of fortune.

Read More

Creating offshore company

What is a creating of offshore company? What is it and how can we use it? What are the implications of creating an offshore company? 

Creating offshore company returns to save its headquarters abroad, in one of the many tax havens and financial that currently exist. Luxembourg, Hong Kong, Malta and the Bahamas are among the tax havens identified by the IMF, but can also include the Seychelles, Ghana and the Netherlands. Depending on the industry, as well as criteria of geographical proximity or political and economic stability, the creation of an offshore company will be directed preferably to tax havens located in Europe or in other regions of the world . 

The creation of an offshore company can outsource an activity to tax benefits and, most often, a strong banking secrecy. In France, the tax applies to any activity carried out on the territory and the income of its residents. Creation offshore company allows leaders to share the benefits without being subject to tax, provided they are not employees of the company: the funds from being active to abroad, and stored on accounts abroad, are not affected by the French tax. 

Creation offshore company can not provide a single source of income. Leaders need to be able to settle their daily expenses (rent, car, food, etc..) With a salary that France declare under penalty of arousing unnecessary suspicion of tax. Therefore they have a regular job, possibly related to their creation offshore company through a subsidiary or an independent company.

Read More

Offshore account

Opening an offshore account is now simple, fast, and convenient for several reasons. An offshore account can indeed benefit from banking secrecy, to generate additional income or to circumvent a ban bank. 

Create an account offshore, it means opening a contract with a bank located in a country other than that of residence.The term "offshore" is used, however, in relation to countries that practice particularly low tax or guarantee confidentiality and secrecy. We can open an offshore account in Switzerland, Panama, Seychelles, French Polynesia and Wallis and Futuna. 

With an offshore account holder's identity and all financial transactions are protected by bank secrecy. Full anonymity is not possible in general, except in Uncooperative Tax Havens or judicial havens: If order for the country's justice, identity and financial activities of the customer will be unveiled in Switzerland as in other banking paradise. A numbered offshore account simply allows to further restrict the circle of people who know the identity of the holder, but not an absolute barrier. 

An offshore account increases the profitability of investments when has a tax treaty with the country of residence. In this case, the tax rate can be significantly lowered, sometimes even zero. In addition, offshore accounts used as current accounts can be useful to all those who are stuck in Banque de France as prohibited bank does not even borders.

Read More

Offshore bank account

Opening an offshore bank account is often referred to as tax evasion. While an offshore bank account offers a significant reduction of taxation, this argument is far from be the only attraction. 

An offshore bank account may indeed be justified by very different reasons. In Switzerland, new accounts are primarily intended to protect a heritage. Banking secrecy paradise promised by the financial guarantees the utmost discretion as to the identity of the account holder, its assets and transactions. Of course, banking secrecy does not cover illegal activities, since it can be canceled by a conviction in court. But an offshore bank account protects the heritage of those who are exposed to trial litigation, and may see their entire capital sunk following a lawsuit for medical malpractice or professional misconduct. 

An offshore bank account is also given a second chance to those who are afflicted with a curse bank in their country.For the moment, no harmonization on this point was not intended or international or even European level. An offshore bank account is therefore a solution for simply having access to financial services the most common. 

The reputation of offshore bank accounts is not overused in tax matters. For large fortunes for example, solidarity tax on wealth represents a considerable burden, and it can be bypassed through an offshore bank account opened in French Polynesia or Belgium. For companies, offshore bank accounts are an effective solution to reduce the tax rate on profits.

Read More

Financial training

Financial training is of interest to entrepreneurs who wonders about the different ways to optimize the performance of their company. Financial training, it is time to learn about the various national and international economic rules, and implement a relevant strategy for the best use. 

Financial training provides access to a better knowledge of French law, a legal point of view and tax. The law provides that any such activity carried on in the territory is subject to French taxation. Tax charges include taxes on income (IR), corporate tax (IS), the solidarity tax on wealth (ISF), payroll taxes, local taxes and VAT. Financial training and performs a comprehensive overview of the economics of France. 

In a second stage, a financial education strives to find solutions to reduce the corporate tax surcharge. Within countries, zones can be used to obtain an exemption from social charges or local taxes. Real estate investments may also be eligible for tax credits. Finally, offshore, properly used, can significantly reduce the weight of the French tax system, and improve the performance of a company. Financial training therefore gives tools to better manage a business. 

Finally, a financial training addresses the issue of profit maximization. Investments and immovable, action or purchases investments savings account complete financial training and weapons to give entrepreneurs eager to exploit the potential of their company at its maximum.

Read More

How to protect yourself from auto insurance fraud

Automobile accidents are costly in money and sometimes lives. Unfortunately, it happens that dishonest or criminal organizations intentionally causing accidents in order to enrich themselves by submitting their insurance fraudulent claims. If you want to avoid becoming the next victim of insurance fraud, you must first learn about the kind of fake accidents they may cause, and the way to avoid being involved. You should also know what to do if an accident occurs. This is for your safety, but also your money, because your insurance premiums will increase as a result of a claim. 

It could happen that a malicious driver passes you quickly and immediately pressed on the brakes. In such a situation, it is likely that you do not have time to stop and you embodiments car this malefactor. You could be your turn rammed by the car behind you, causing a serious accident involving several drivers. To avoid this situation, always keep a safe distance between your vehicle and the one you follow to ensure you can stop if the vehicle is stopped abruptly. If someone passes you and seems suspicious behavior, extreme caution and slow down a bit. 

It could also happen that you evildoer gives way to you beckoning you into traffic, then hasten to stamp your vehicle by denying you have missed. Since it is impossible to know whether every motorist who gives you the passage is honest or dishonest, always be vigilant in such a situation. You should engage in a way where you feel safe, rather than to rely on someone who waved through. 

When an accident occurs deliberate, the accused fraudster generally be responsible. It can also pretend to be injured, or if he is really hurt, it will increase the severity of his injuries, and that, in order to get more money for compensation. Sometimes a fraudster who caused a minor accident leaves the scene of the accident and intentionally causes further damage to his vehicle, and then claiming that the damage was caused by your fault in the accident. To prevent such dishonest actions affect you, you can take some precautions: 

-Even if the cars involved in the accident suffered only a few scratches, call the police so that police do a detailed report of the accident. 

-Take notes on the circumstances of the accident. Raise the registration number of the other vehicle, and the name of the driver and any passengers. 

-Observe the behavior of the other driver and passengers. They may seem to have emerged unscathed from the accident, and then pretend to be injured when the police arrive on the scene. 

-Take pictures of the damage to both cars with your cell phone, or a disposable camera that you take care to keep in your vehicle. 

These precautions are intended to counter any dishonest fraudulent claim that a driver could do after the accident.You will be better able to prove what really happened to your insurer. In any case, use caution on the road, mistrust of suspicious behavior and honest police and your insurer.

Read More

What you need to know about financial loss insurance

In addition to liability insurance, which is compulsory, and collision insurance is optional, there are many types of coverage that you can get when you insure your vehicle. These blankets are extra protection, it is possible to choose according to your needs. Here's what you need to know about financial loss insurance, to decide if this type of coverage for you. 

The financial loss insurance is especially useful if you lease a vehicle, or if you buy one with a loan. If you have an accident with your new car, or it is damaged by fire or natural disaster, becoming a total loss, you will not get a full refund. Same in case of theft. Your insurer will only reimburse the value of your car when the accident or theft.Accident, provided that you have collision insurance, you will deduct from the refund the amount of your deductible, if you are liable. Since the market value of a car depreciates rapidly immediately after purchase, you may suffer a significant financial loss. 

You can protect against such loss by choosing the financial loss insurance. This insurance covers the difference between the value of your vehicle at the time of the accident, and what you still owe on the loan that you have taken at the time of purchase. Suppose you have acquired a car worth $ 25,000. After paying a deposit of $ 1,000, the amount of your loan amount to $ 24,000. You have an accident shortly after your purchase, and at that time the depreciated value of your car is valued at $ 22,000. If your car is a total loss and you are not insured financial loss, your insurer will reimburse you $ 22,000. You will need to pay $ 2,000 on your loan for a car you can not use. By cons, if you are covered by a blanket of financial loss, the $ 2,000 difference between the loan amount and the market value of your vehicle will be paid. 

If you rent a vehicle, you are responsible for the cost if an accident or theft occurs. Insurance financial loss will be particularly useful in this case, since the cost of renting a car is lower than its purchase price. The difference between your rental costs and the total cost of the car will be covered. Many leases require the tenant vehicle to acquire a financial loss insurance, protecting both parties against losses in case of accident or theft. 

The financial loss insurance is a good investment for you if you decide to rent a car. It will also be useful in case you decide to buy a car with a loan. However, if your down payment and your monthly payments are calculated so that the price you have to pay either for a long period of time, less than what you have already paid on your loan, you should not need financial loss insurance. Talk with your insurer to be sure to make an informed choice.

Read More

How to make a loan at a good rate

Due to the economic crisis and its resultant in the field of real estate, the mortgage rate is even reached. Then noted an increase in lending rates for achieving some housework for the acquisition of new chairs or a television ... 

Every day we suffer from the continuing escalation of prices in relation to the real estate sector and, oddly, the revenues and receipts of all people are the same. Regarding those limits virtually debt and enjoy a wide range of credit, the turn of events pushes the payment period for many more years. In order to constantly see a loan, it is unavoidable, the client, to borrow a percentage which he builds. 

Already starting to benefit fully from a credit squeeze is not one of the golden rules. Then, the next project is to find the ideal percentage. For this step, the weight of your monthly income has an important place, because your monthly payments and duration dependent. Thus, whatever the income, it is recommended that the monthly payment on your loan is less than or equal to 33% of your income, this will allow you to cope with life (consumption costs, leaves) and not even be surprised by unexpected events (health, accident, death). 

Also in the above sense, to have anything in connection with real estate through a loan, apart from the importance of the rate, nature also be considered. And a - t - on fixed rates and those variables. Fixed rates are higher than those variables in 0.5 to 1.5%. 

With variable rate, your monthly payments are diversifying paces alongside financial markets. When rates are falling, the amount of your monthly payments also fall. In the opposite case, your monthly payments are rising and you are penalized. However, a threshold is expected to reduce the disproportionate percentage increases. 

Regarding the percentages fixed, whatever the value of the market rate, your monthly payments remain unchanged, the disadvantage here comes the potential for lower rates.

Read More

Stock tips: patience and diversification.

If the graphs of stock prices, especially in the live stock, can evoke an electrocardiogram particularly tumultuous one of the secrets of the trader is aware serenity. 

There are many theories about the stock market. One of them suggests a very simple system: invest a monthly sum to exactly the same same title. Regardless of the course (except abnormal decrease or increase), constantly reinvesting in the same way to minimize gaps purchase price and realize, ultimately, a very satisfactory average. 

With this technique, it is obviously not a question of enrichment overwhelming. But the stock market, for those who have a little practice, is often wrongly imagined as a place where fortunes are made and unmade. This may be true in the short term. But for those who know how to be patient, the stock market over the long term is almost invariably a winner. The monthly investment technique takes advantage of this feature. 

Principle known stock exchange, but always good to remember: do not bet all his money on one type of securities.The reason is obvious: if rapid decline in stock prices, the losses will be moderate with a well diversified portfolio, then they will be disastrous otherwise. 

To take full advantage of this trick, we must learn to consider all angles and hunt all common denominators. A portfolio consists exclusively of shares of a company is obviously a bad choice, but a portfolio that respects the principle of diversity while focusing exclusively on companies within a country or a region of the world is also an imprudence . In exchange, the "country risk" is real and must be taken into account. 

To further extend this notion of diversity, one trick is to avoid buying equities affecting the same area. For example, actions related to oil refineries and actions of an automobile manufacturer. For if the price of oil begins to burn, the course of these two types of securities is likely to collapse at the same time ... To attach your file exchange.

Read More