(Part II) What options are there?
Firstly and most importantly the following questions need to be figured out! Will it be company trading its own money, or trading third party moneys? Will it be brokerage firm or collective investment vehicle? When one is interested in investing their own money, no Special licenses or vehicles are needed, absolutely regular IBC is suited for this! Special licences or vehicles are needed as soon as company is planning to trade third party money! When FX Company executes trades from segregated accounts, while mutual funds pools funds from investors into one account with a fund manager that makes trades on behalf of the fund. These questions need to be clear and understood before even starting to think at all!
Many clients don’t know whether to choose Trust or Foundation…No wonder there, as they both offer benefits that are somewhat similar! Moreover, in terms of set up, confidentiality and protection provided, both products are very alike.
I know this is not a newbie, however this is fairly recent, so I decided to post about this for those who don’t know. In fact, there are many information websites that for some reasons are not being updated frequently enough, leaving clients in dark. With our www`s, of course, this is not the case!
Ok, down to the amendments.
As we know Seychelles IBC`s were not required to keep any “Accounting Records” (AR) at all. But the Seychelles Government had to make amendments regarding AR as a response to the initial request by the OECD.
There are many different ways to make money, but many people are very straight minded and never thrive for any options to better themselves. Central banks, institutional traders, and currency speculators trade around the clock. Some profit and some lose, that’s the way the cookie crumbles… This is a type of money making for those who like the adrenalin of risk! FX market is most liquid market in the world, thus average trade value exceeds perhaps couple of trillions per day. The most reliable profits in FX or other markets are the commissions paid to the broker. Starting your own FX Trading company is a great way to start thinking outside the box. FX Trading is one of the best ways in the world of making huge profit.
When planning to set up an IBC fair part of research needs to be done beforehand so that no unexpected surprises would suddenly affect either of us. TIEA is nothing to be scared of, however it is something that one should look at, understand what it is and what it does or not, before going on and establishing an offshore company.
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