NEW YEAR, NEW NAME, CONTINUED COMMITMENT

BUSINESS

Why create an offshore company

What is an offshore company? An offshore company is a company that is located outside your country of residence, mostly in a fiscally advantageous jurisdiction. It enables not to pay a lot of taxes and is not allowed to interfere in the businesses of its jurisdiction....

ECONOMY

Banking anonymity: myth or reality?

The fight against tax evasion and money laundering makes banking anonymity increasingly complex and even impossible in some jurisdictions. The automatic exchange of information put in place by the OECD in 2014 is one of the main reason. This agreement forces the banks...

The Gulf crisis and the Qatar : a great offshore lesson !

Since Monday, 5 June 2016, the Gulf countries with Egypt have ceased all diplomatic relations and have applied various sanctions to Qatar. The Qatari government is officially accused of funding and encouraging several terrorist groups in the Middle East region. The...

Banking agreement between Switzerland and the United Kingdom

Following the agreements signed between Germany and Switzerland, the Swiss tax authorities have agreed to tax the bank accounts held by British citizens in Swiss banks. On the other hand, if the Swiss government has agreed to pay a comfortable advance of 500 million...

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NEW YEAR, NEW NAME, CONTINUED COMMITMENT

Our historical ‘FBS Banking’ trademark was recently acquired by Tradestone Limited, a leading Cyprus based online forex broker (see FBS). Starting 01/01/2021,  our new name is- CALAY Banking™.  Did you know that our previous identity, FBS Banking, was actually made...

Automatic Exchange of Informations – Offshore Taxation

It is in February 2014 that the G20 nations sign the NCEA: Common standard for automatic exchange, premises of a new fiscal exchange agreement. Two years later, almost more than 100 countries are adopting the automatic exchange of information, initially promoted by...

Open a professional bank account in the UK

Bank account in the UK Despite what we you can read on internet, the opening of a bank account in the United Kingdom is no longer possible for non-residents, and professional accounts is not an exception! But why this refusal from the British banks? The problems of...

Banking anonymity: myth or reality?

The fight against tax evasion and money laundering makes banking anonymity increasingly complex and even impossible in some jurisdictions. The automatic exchange of information put in place by the OECD in 2014 is one of the main reason. This agreement forces the banks...

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