Collaborative Information Site

Offshore Bank Transfers

Bowman Offshore Bank Transfers on Guide to share buybacks for private companies

A company may wish to undertake a share buyback for a variety of reasons, including to return surplus cash to shareholders or to buy out a particular shareholder who is seeking an exit. Any buyback of shares by a company must, unless a relevant exception applies, follow the process in Part 18 of the Companies Act 2006 (the “Act”).

 

A buyback that is not carried in accordance with the process in the Act will be void which, in some instances, may have the consequence that the relevant shares are still in issue. This can cause significant problems where a defective buyback is discovered during due diligence by a potential buyer of a company. For example, we have worked on transactions where shares which the sellers thought had been bought back needed to be repurchased from a previous shareholder who no longer had any involvement with the company. This can cause significant delays and, at worst, can jeopardize the transaction if the previous shareholder is un-cooperative. In addition, f

continue reading
1 visits |0 Comments

All you ever wanted to know about offshore companies by Bowman Offshore Bank Transfers

Why set up a company in a tax haven?

 

If you ask someone what an offshore company is, they’ll often reply that it’s a company set up in a tax haven (so far, so good), but also that only traffickers, terrorists, and the mafia use them, and that they’re obviously immoral and illegal. Even the most well-informed people will tell you that it’s an expensive and complicated kind of company that isn’t worth the effort.

 

(I assume something similar happens when you ask about investing on the stock exchange.)

 

As you can guess, none of these statements are true, however widespread they may be. It’s no surprise; neither the State nor the media will go to great lengths to demystify the system.

 

The truth is that neither the State, nor the people who use it to make profits and live off others, have any right over your money or your property. In fact, however much they try, they can’t even prevent you from quitting the system, because you always have offshore companies at your disposal.

continue reading
2 visits |0 Comments

Bowman Offshore Bank Transfers on Expat Guide to Offshore Banking and Money Transfers

Expats do not have to be wealthy to switch their money to an offshore bank or building society.

 

The stigma of offshore comes from individuals trying to evade taxes by not reporting their earnings from offshore accounts.

 

But hundreds of thousands of people send money around the world through offshore intermediaries every day without a problem.

 

Although some offshore banks have a poor reputation, the service provided by the majority is important to the financial well-being of expats.

 

You know you are banking offshore when you have an account that is based in a country where you do not live.

 

Read More

continue reading
1 visits |0 Comments

Bowman Offshore Bank Transfers: Start an Offshore Company

How an offshore company can lower your taxes

 

Is the price tag on this year’s tax return still stinging? Are you tired of a high tax rate eating away at your hard-earned business and investment income?

 

Bankrupt governments are waging war on success. The “lands of opportunity” have rolled up the welcome mats for business.

 

So, what are you paying? Is 35%? 40%? 50% of your income going to taxes? That’s an awful lot of your money going to greedy politicians who clearly don’t value your success. But do they have a point? After all, they’re letting you create jobs and build wealth in their country. Right…

 

If you’re tired of paying so much for the “privilege” of running a business in the west, and you want to reduce taxes and protect your assets, then it’s time you explore your options with offshore companies.

 

Lucky for you, you’re in the right place.

 

Read More

continue reading
1 visits |0 Comments

The Complete Guide to Offshore Banking by Bowman Offshore Bank Transfers

This guide covers how you put your money into banks and institutions around the world and is a good primer to the world of offshore banking.

 

As a disclaimer, this is not financial advice, nor does this article instruct you in any way. It is simply information that you may take or leave. We are not responsible for any gains or losses, nor are we responsible for what you do with this information.

 

Note that with the recent Panama Papers revelation in 2016 that’s taken the world by storm, there’s a LOT more scrutiny on offshore banking and it’s very likely that banking regulations (especially in the EU and North America) will undergo changes to make it more difficult to ‘hide’ money.

 

Read More

continue reading
1 visits |0 Comments

Bowman Offshore Bank Transfers on Tips for Offshore Company Formation

There is a common misconception that having an offshore company means that you are doing something illegal.  The truth is that having an offshore company can benefit your business in a number of very legal ways.  If you are looking at offshore company formation, there are a number of tips that you need to know about.  These tips will ensure that the offshore company formation process works for you.

 

Have a List of Questions

 

The first tip that you need to know about is to have a list of questions ready which are related to your business.  These questions should include why an offshore company will work for your business.  You should also consider who will be involved with the business and what your business exit strategy will be if something were to go wrong.  Any question that you have about forming an offshore company should be put on the list and you need to have this with you when you visit an advisor.

 

 

Read More

continue reading
1 visits |0 Comments

Bowman Offshore Bank Transfers on Top Tips on Securing an Overseas Mortgage

If you are thinking of purchasing a property abroad and require a mortgage, there are a number of aspects that need to be taken into account.

 

There are also added advantages of utilizing the services of an independent bank – rather than one connected to the developer or selling agent - as they will check the legalities and carry out a valuation of the property, although they will not carry out a full in-depth survey unless requested.

 

A lender will also ensure the property is good security for the mortgage that you require and to check the property has not been overpriced.

 

However, when applying for a mortgage abroad there are many different underwriting obstacles you may come up against, according to Simon Conn, the UK’s leading overseas property professional and financial advisor (www.simonconn.com). Below are some common issues.

 

Read More

continue reading
1 visits |0 Comments

Offshore Tax Problems before and After IRS Closes Offshore Voluntary Disclosure Program

It's not too late to correct your U.S. tax filing compliance errors related to offshore holdings, but time is quickly running out. On March 13, 2018, the Internal Revenue Service announced that the Offshore Voluntary Disclosure Program (OVDP) started in March 2009 will finally come to a close on September 28, 2018. After that date, taxpayers with noncompliant foreign financial matters must resort to other programs, other traditional procedures and new procedures to be announced by the IRS for dealing with undisclosed offshore accounts and holdings.

 

Read More

continue reading
1 visits |0 Comments

Bowman Offshore Bank Transfers on Money Week finds Brits lacking

This week marks Global Money Week, with schools and other institutions across the globe doing their part for financial education, including in the UK. This is particularly important as recent research has found that a significant percentage of English and Northern Irish adults are lacking financial skills.

 

Financial skills deficit

 

The scientific study, which looked at financial knowledge and skills across the world, found that a third of adults in England could not work out how much change they should receive (source: A. Bhutoria, J. Jerrim, A. Vignoles, 2018. The financial skills of adults across the world: New estimates from PIAAC). In other measures of financial knowledge, such as calculating the cost of goods according to a certain unit, English and Northern Irish adults also ended up scoring below average.

 

This is worrying news, and could explain why a separate study from financial education charity MyBnk sees 54% of parents call for schools to spend more time teaching

continue reading
1 visits |0 Comments

How to drive an offshore change agenda by Bowman Offshore Bank Transfers

6 tips to drive change without going insane

 

Under pressure to reduce operational costs, tech chiefs are increasingly taking advantage of cheaper offshore resources and labor arbitrage. There are also similar opportunities for back office processing that can be addressed by using service providers overseas.

 

But offshoring doesn’t always have a happy ending for a number of reasons. So what does it take to ensure your offshoring journey isn’t a painful, bumpy ride?

 

Read More

continue reading
1 visits |0 Comments