06.10.2023, 10:53
2 universal tips for opening a foreign bank account for a company
When a company considers opening an overseas account, it faces several complex questions. What security policy features should be known in advance? How can one strengthen their application for a positive decision? What factors influence the overall process?
16.10.2023, 16:42
How to confirm the source of funds for a bank?
We will talk about a very important requirement that everyone who will open or use accounts abroad will probably encounter, namely confirmation of funds’ source you will deposit into the account.
28.05.2020, 11:03
Account in the payment system - differences from the classic bank account and advantages
The work of any business, including international, is closely connected with bank transfers and accounts. For foreign companies, opening a corporate account allows you to accept payments from customers, send payments to contractors, pay taxes and carry out any operations. With rare exceptions, everyone needs a bank account. But opening a bank account in a foreign bank today is accompanied by an extremely complicated and protracted bureaucratic […]
16.11.2023, 08:00
Top 4 reasons for closing a corporate bank account immediately after opening
Imagine this: you have done a lot of work and successfully opened a corporate account in a foreign bank. And then your brand new account in a foreign bank is blocked and closed! Is this possible, or is such a scenario just a horror story for a business that dares to start working abroad?
27.11.2023, 15:56
What is the difference between passive and active companies?
Suppose you have opened a foreign account for a company or are in the process of opening one. In that case, you have probably encountered questions in the questionnaire about its international classification: financial/non-financial, passive/active. It is no coincidence that these criteria are included in the questionnaire, as they significantly affect your tax bill.
05.12.2023, 16:53
Foreign bank accounts: a complete list of documents for successful opening
To operate effectively globally, every company needs a reliable tool for financial transactions - a bank account abroad. When opening it for your business, be prepared to provide much information. In this article, we will look at what documents you need to start and complete this process.
14.12.2023, 13:48
Corporate account in Kazakhstan: requirements in 2024
Antwort Law specialists work closely with banks in this region, which allows us to carefully and promptly respond to any changes and trends in opening accounts. With the advent of the new year, 2024, diverse opportunities have opened up, and the need to strategically adapt to advanced trends in banking services has arisen. Let's take a closer look at what innovations can already be noted when opening a corporate account in Kazakhstan.
22.01.2024, 10:58
Loans in the UAE: Legal Aspects and Regulation
When it comes to financial operations in such a dynamically developing economic center as the United Arab Emirates, understanding and complying with local lending legislation becomes critically important. The complexity and variety of financial products available in the UAE require careful consideration and the right approach for both individual borrowers and corporate entities. In this article, we will examine the main aspects of lending in the UAE, covering rules and regulations that companies aiming for successful business operations in the region must consider.
21.02.2024, 08:27
Bank account for a crypto company abroad
Opening a bank account for crypto companies poses a significant challenge due to the unique risks inherent in the industry. Despite the rapid development of blockchain technology and the popularity of cryptocurrencies, many traditional banks are still waiting to cooperate with such companies due to the complexity of regulation and ensuring the security of transactions. It leads to the fact that opening an account becomes difficult and requires additional effort. In addition, Russian entrepreneurs have to face new sanctions that aggravate the situation.
06.03.2024, 13:25
How to open a local bank account for a UK company
A bank account in the UK is the second step to start doing business after registering a company. This process may seem complicated, but with the right approach and following all the necessary steps, it can be completed relatively easily and efficiently with the help of the lawyers at Antwort Law.
07.03.2024, 09:57
How do you register a company in the UAE?
Registering a company in the UAE is an opportunity to enter the global market with minimal tax obligations. This country provides zero or very low-income tax, fast registration, 100% company control, modern infrastructure, and the possibility of obtaining a resident visa. Antwort Law specializes in providing clients with everything they need to launch a successful international business in the UAE. Let's look at the basic stages of registering a company in this country.
20.03.2024, 10:52
International trust in the UAE has increased: the country's removal from the FATF gray list
The UAE has taken a significant step in strengthening its status in the global economy: the country was removed from the Financial Action Task Force (FATF) gray list, an international organization that develops and promotes measures to combat money laundering and terrorist financing. The decision was taken at the last FATF meeting held in Paris on February 23, 2024. Thus, the international regulator recognized the efforts of the UAE in the field of ensuring financial stability and security.
21.03.2024, 11:03
Choosing a place to register a business: Europe, Asia, USA or UAE?
Opening a business in another country is becoming increasingly accessible and attractive to entrepreneurs. The choice of location for a business is determined by many factors. In this article, the Antwort Law team will look at the importance of choosing the right location to open a business in Europe, Asia, the United States of America and the United Arab Emirates.
25.03.2024, 12:13
The process of obtaining an Emirates ID in the UAE: a detailed guide
The UAE has a booming economy and a high standard of living. Obtaining resident status and opening bank accounts here will be an important step for those planning to invest or develop a business in the region. Antwort Law is happy to assist you at every stage of legal adaptation in the country of your business, and this article provides recommendations to facilitate the process of obtaining an identification document (ID) in the UAE and opening local bank accounts. This short guide will detail every step of this important process, providing you with all the necessary information and guidance.
27.03.2024, 07:52
Closing bank accounts of Russian citizens in the UAE in 2024
In 2024, UAE banks began closing accounts of Russian citizens. This news is causing serious concern among Russians building international businesses, raising many questions and causing uncertainty. Antwort Law seems necessary to understand this issue in such a difficult situation. Let's look at the possible reasons for the Russian citizens' accounts being closed in UAE banks.
15.04.2024, 09:50
How to buy a shelf company in the UK
The UK is one of the most popular jurisdictions, and its business reputation, climate, entrepreneurial culture, and government preferences enable entrepreneurs to develop their businesses immediately at the international level. However, starting a company here may take more time and effort than it might seem at first glance, but rather a rather long process that will distract you from starting a business. If time is valuable to you, Antwort Law is ready to offer the best solution - purchasing a company already registered and prepared to work in the UK.
24.04.2024, 09:20
Offshores: is it worth registering in 2024?
In 2024, the topic of offshore companies continues to be the focus of attention of entrepreneurs and investors worldwide due to the optimisation of taxes, confidentiality and simplified corporate reporting of such structures. However, global changes in international tax regulation and transparency policies are forcing us to rethink strategies for doing business through offshore companies. Antwort Law has extensive experience working with offshore jurisdictions. We will happily tell you what factors should be considered in 2024 before registering such a company.
15.05.2024, 07:43
Opening a bank account for cryptocurrency transactions
Today, many enterprises and individual investors seek to use cryptocurrencies as an investment asset or a means of settlement with counterparties. However, not every bank is ready to support transactions with cryptocurrencies. Before opening an account and transferring funds to it for transactions on crypto exchanges, it is extremely important to study the bank’s terms of service carefully. The international law firm Antwort Law offers a service for opening corporate bank accounts, specially adapted for working with cryptocurrencies.
27.05.2024, 09:34
Freelancers in the UAE: opportunities and limitations
The UAE is becoming an increasingly popular destination for freelancers from around the world due to its attractive tax conditions, high standards of banking and residency opportunities. Antwort Law will tell you about who can get a freelance visa in the UAE, what advantages it provides and what restrictions must be taken into account.
30.05.2024, 11:08
New rules for bank transfers for EU companies with Russian participation
On 18 December 2023, the European Union adopted its 12th sanctions package, which includes a new Article 5r in Council Regulation (EU) No 833/2014 of 31 July 2014. Antwort Law explains what additional reporting obligations the EU is introducing for organizations in any way connected with Russia.
31.05.2024, 07:31
Antwort Law office in the UAE turns 2 years old!
Antwort Law office in the UAE turns 2 years old. During this time, our team in Dubai has helped a large number of clients from a variety of business areas - agriculture, IT, trade, logistics, cryptocurrencies, investments and fintech.
17.06.2024, 10:00
UAE banking system: How local and digital banks work
Antwort Law's Dubai office continues to celebrate its second anniversary, and we are once again sharing with you useful information about doing business in the UAE.
Today we will talk about working with banks in the Emirates, which are relevant for any business. You will be able to find out general recommendations and the work of specific banks in the UAE.
We remind you that you can use the services of Antwort Law in Dubai with a 20% discount from 1.06.2024 to 1.07.2024.
03.07.2024, 09:25
Opening accounts in UK banks
Today we will talk about one of the most relevant topics in the field of international business - opening accounts in UK banks. Great Britain is known for its reliable and conservative banking system, which attracts foreign investors from all over the world. However, even promising foreign companies often have to face numerous difficulties when opening an account in an English bank. In this article, we will take a detailed look at why such difficulties arise, what are the advantages of opening accounts with British banks, and how to successfully navigate the process.
22.07.2024, 12:11
Offshore in Hong Kong: reality or myth
For many years, Hong Kong has attracted entrepreneurs from around the world with its reputation as a low-tax jurisdiction with no VAT, a simple system for registering and conducting business, and English common law. But does this status remain in the conditions of today's tax and banking regulations, which are being strengthened? In this article, together with Antwort Law, let's find out whether Hong Kong lives up to its reputation as an offshore company today, or whether it is still a widespread myth.
