Retirement planning can be incredibly challenging. Figuring out which funds to invest in, how much to save and how much money you will need is not an easy job. You will have a number of questions or concerns, feeling confident that you have enough money for next 25 to 30 years of your life are most important among them.
There are basic guidelines that can assist you in creating a good retirement plan. But great retirement planning does not just mean understanding your pension options. It encompasses many more aspects which need expert advice. A consultant dealing in this area is a personal advisor who understands what it takes for future retirees to continue living comfortably in their retirement years. With expertise in investing for optimal financial growth and planning for future needs, a retirement planning advisor will provide you personal attention to put together comprehensive plans or help you on topics like UK pension transfer QROPS to suit your personal needs.
If you have decided to hire a consultant to guide you in creating the best plan for your future, you are have made a good decision. This will result in substantial savings and rates on your ROI. This is because the consultants helping or guiding people through this process know how to make the most of each client’s resources. Whether you have a lot of money or are on a limited budget, you will be able to save as much as possible and invest sensibly when you choose an advisor that puts your financial future first as the main focus of the retirement planning stage.
A professional retirement planning advisor will help you realize your dreams that you have for your retired years. You may have probably noticed that there are many companies in your area that are seeking business of future retirees. Searching on the Internet helps as it saves time and money, and allows you to take this important decision right from the privacy of your home. Select an advisor who wants to get to know you and is thorough when putting a plan with your future goals in mind. They will take you through the other aspects of retirement such as assets, saving accounts, checking accounts, different types of insurance and debt. They will thoroughly evaluate each part of your financial situation and will help you make a sensible decision about your financial future.
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Many may think it is irrelevant to set up an offshore bank account. But the real situation is quite different because of many businesses, individuals indulge in offshore merchant processing and other offshore business transactions know the real benefits of offshore banking.
According to many, the money in an offshore bank is not safe as it has global visibility. But remember when you set up an offshore bank account, all your personal details are kept confidential. The offshore bank is a separate legal entity subject to different laws and jurisdictions. In some jurisdictions, it is punishable to disclose any personal information of the investors, depositors or the clients.
Again it is a myth that physical appearance is necessary when you want to set up an offshore bank account. The clients do not have to be present in-person while opening a bank account in a foreign land. As a client, you just need to provide documents to prove your identity. Also, there is a myth that an offshore bank account needs heavy deposits. Not all banks require heavy deposits. Still, there are banks that are interested in regular middle-class customers with less initial deposit requirements.
Hope you found the above information. Contact an expert offshore merchant processing service provider to help you open a bank account in an offshore jurisdiction.
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An offshore merchant account is a special type of bank account established with a bank outside the home country of the account holder. It enables merchants to accept credit card payments through their websites. These bank accounts are perfect for high risk industries. Some of the high risk industries that benefit from offshore merchant account processing include online dating, forex trading, multi-level marketing, online gambling, technical support, e-cigarettes, debt collection, adult content, nutraceuticals, pharmacies, financial services and more.
An offshore bank account is ideal for those merchants who are unable to obtain a domestic merchant account. Merchants opt for offshore merchant account processing if they have poor or no merchant credit history or their company registered address is located in an offshore location. As a high risk merchant, you will also need this kind of bank account if the online sales of your products or services are deemed illegal in certain regions or countries. Some other factors for choosing these types of accounts include high sales volume, increased frequency of refunds and chargebacks.
There are many advantages if you choose offshore merchant account processing for your business. Here are a few benefits.
- With the help of automated billing service, you can generate your own daily, weekly or monthly statements through automated software.
- You will enjoy real-time credit and debit card processing. You will be able to process credit card and debit card transactions instantly.
- Offshore merchant account processing is ideal for small businesses or ecommerce startups
- You have the choice of processing your familiar currency as it offers multi-currency processing
- Many high risk businesses choose offshore merchant accounts as it offers fewer tax restrictions
- You enjoy more liberty than your domestic bank accounts
Although there are many benefits of opening an offshore merchant, still it is recommended to take precautions while opening it. You should carefully research the processor looking out for complaints of scam, to ensure the processor can be trusted. You should read the contract before signing anything. Once your account is open, keep a close eye on transactions, watching anything for suspicion. In case you find anything suspicious, you should take actions immediately.
Before you set up an offshore merchant account, you should educate yourself about it as much as possible. You should take help of resources available online about offshore merchant account processing or offshore merchant account. You can also gather information if you want to set up Belize IBC or want to know more about offshore company formation.
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With the advancement in technology and steadily growing risk in high risk businesses, it is recommended that high risk business owners should now consider using ACH processing services to process the transactions and payments from their customers. Accepting online checks for your business can help you eliminate the significant risks of chargebacks and customer disputes. Apart from this, there are several other benefits as follows :
- With ACH payments and processing services, you can easily accept the payment checks on your website and over the phone too.
- ACH payments directly withdraw the fund from your customer’s bank account within a day or two and deposit it in your business account respectively.
- As a high risk business owner, you can easily process high volume check transactions and high monthly volumes with a high risk ACH merchant account.
Now as there are hundreds of service providers offering these services, you should ensure to choose the best credible source for your needs. While selecting services which include high risk credit card processing and check 21 processing, it is very beneficial to hire a broker. They can help you choose the best merchant account service providers which can cater to your specific needs. A reliable merchant account service provider can also assist you and educate you on a variety of high risk merchant accounts and check processing services which can be highly useful for your business. They can help you understand their different features and limitations.
Lastly, recurring ACH processing services is a great solution for real estate businesses, financial service providers, and other types of high risk businesses.
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Are you a high-risk merchant unable to obtain suitable payment processing services? You may have been classified in this category because you operate in the high-risk industry, or have bad credit history, or it’s where your business is located, or any other reason. Many reputed offshore banks do not provide their services to the high-risk businesses because of the high risk associated with them. However, there are some processors and banks which specialize in providing processing services to high-risk businesses through their high-risk merchant accounts.
These banks provide a number of processing services including e-check processing which is one of the easiest ways to increase your profit. E-check processing can boost up your sale by up to 20% offering you a remarkable profit. E-checks help you capture those customers who do not have cards or are maxed out on their cards, or simply prefer to pay via a direct debit from the bank account. Offering E-check processing is beneficial because the more way customers can pay you the more sales you can make. E-checks are the most popular payment option for US buyers. If you do not offer e-checks as payment processing option then surely you are losing out some sales to your competitors while if you offer e-check processing you will take sales away from your competitors who are not offering e-check processing.
E-checks electronically deduct money from customer’s bank account and credit the funds to your business account. These are processed through two ways – ACH network and e-check technology based upon Check 21. However, this is decided through your business requirements. If you can keep revokes or chargebacks under 0.5% and return under 15%, then ACH can be a good solution. Alternatively, E-check 21 is a good alternative if your chargebacks exceed the given ratios. E-check processing also offers reduced risk for high-risk merchants. Traditional card transactions carry a greater risk of contingent liabilities in comparison to electronic check transactions. After a purchase is made, a customer can revoke or chargeback a card transaction for up to 180 days. ACH offers a customer 60 days of chargeback. With e-check 21 the chargeback period is 40 days.
Lastly, setting up a high-risk merchant account is very simpler and easier than card accounts. To apply, you simply need to submit an application form along with other required documents such as identity proof, bank processing statements, etc. account approval usually takes 5-7 business days. For better understanding and complete knowledge you can also take the help of an offshore service provider.
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The Check Clearing for the 21st century, commonly known as Check 21 processing was introduced as an alternative to deal with the complicated ACH restrictions. Merchant processing services and providing your customers numerous ways to make payments are the backbone of any business. The greater number of payment options you offer to your customers the more sales and profit you will make.
The Check Clearing for 21st century also known as Check 21 allows financial institutions or banks to process check electronically. Coming into effect on 28 October 2004 and designed to enhance the efficiency of overall payment processing systems by fostering innovation within the check processing system. There are numerous benefits of Check 21 which can make your life as an offshore merchant much easier and simpler, especially if you associate with the Internet merchant services. The most beneficial and effective change that Check 21 has brought is the ability to scan paper checks and send images as electronic transactions. This helps in rendering the need to manually deposit paper checks. There are various other benefits too.
Benefits of Check 21 processing
- Cut time, cost and risk involved
- Extend cut-off times for deposits
- Reduce bank charges with electronic processing
- Improves accuracy
- Wider coverage
- Faster clearing
Whether you are a low-risk merchant or a high-risk merchant, the check 21 processing is the best solution for your business. This can change the way you do business. By offering Check 21 payment processing you can attract those customers who are maxed out on their cards or do not have cards, etc. Offering this payment method also keeps you ahead of your competitors who do not offer Check 21 processing.
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Deciding where to incorporate an offshore corporation with a number of offshore jurisdiction and various company types can be really a tough decision. Each offshore jurisdiction along with its various company types carries a unique set of benefits and advantages. Setting up an offshore company needs an in-depth knowledge of several aspects such as jurisdictions, merchant processing services, types of a merchant account, etc.
An offshore company is a company registered outside one’s home country with the purpose of operating outside the country or to manage wealth and fund or asset protections. Like other businesses offshore businesses too may enter into contracts, open bank accounts, buy and sell products and services. A typical offshore company also known as an IBC (International Business Company) delivers you a number of benefits while practicing your business but also require carrying on business outside their home jurisdiction.
Now, here are some of the factors which can help you choose the best offshore jurisdiction depending on your business needs.
- Incorporation costs
- Privacy laws
- Currency control regulations
- Types of company formation
- Merchant processing services
- Proximity to offshore banking
These are some of the most important aspects which need to be considered while setting up an offshore company. There are a number of jurisdictions which offer a wide range of offshore company formations with complete merchant processing services be it high risk or low risk. Each jurisdiction has its own set of benefits, banking laws, and advantages.
Lastly, the best way to move your business offshore would be to take assistance from an offshore service provider. A competent and trusted service provider will provide you complete knowledge and will also assist you throughout the entire process.
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If you are looking for a legal protection of your assets and identity then no other jurisdiction would be the best choice other than Panama. Panama IBC can provide legal protection of assets and identity. It offers some of the strictest banking and financial secrecy laws available across the world. A Panama IBC is an ideal jurisdiction for merchants and businessman to operate an offshore corporation.
Panama IBC uses what we consider being some of the most solid banking and corporate bank secrecy laws around the world. If you are planning to set up an offshore company in an independent offshore jurisdiction then you must consider Panama offshore jurisdiction. Panama incorporation can be set up for international trades, to settle trusts or foundations, to hold ownership of real estate, intellectual property or to hold any other type of asset. It can be used by any individual from any part of the world interested in global asset protection, privacy, investment diversification, and affordability.
Setting up Panama IBC
To set up Panama IBC, you need to follow certain steps:
- Draft a Panama IBC article of incorporation
- Tailor-made corporate kit with stock certificates, corporate seal and some other legal documents
- Resident registered agent
- Physical address for office
- Nominee corporate services
- General power of attorney
- Original as well as certified English translated documents
- Other necessary documents
Offshore jurisdiction Panama has absolutely no exchange control or currency restrictions. It is the host of world’s largest banking centers and offers a number of relaxed and flexible banking laws which make it easier to move funds in and out of Panama.
Why set up Panama IBC
- Inexpensive annual support
- No minimum paid capital required
- No foreign exchange control
- Anyone can become a shareholder
- No time limit in which authorized capital must be fully paid
Panama offshore jurisdiction also offers one of the most useful asset protection and estate planning vehicle – the Panama Private Interest Foundation.
Setting up Panama Corporation is simple, quick and cost-effective and usually takes 4-6 days. With Panama Corporation, you can open an offshore bank account as well as brokerage account to trade stocks, bonds, commodities, and much more. You can give your Panama Corporation any name in any language along with a legal ending such as Incorporated, Corporation, Inc, etc.
The best option is to get assistance from an offshore service provider and have a complete in-depth knowledge and understanding about Panama offshore jurisdiction. These service providers can also help you in easy and hassle-free set up of your Panama IBC.
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Regardless of whether one thinks offshore incorporations, are completely legal. It has nothing to do with the illegal activities in most case Setting up an offshore company is simply about legally diversifying your assets and savings for reducing several risks related to political imbalance, confidentiality, and other emergencies situations.
There is no doubt it is becoming harder and harder day by day to set up an offshore company and open an offshore bank account in your preferred jurisdiction and soon it could be impossible too. In today’s scenario, setting or relocating your existing business overseas is a crucial step for globalizing yourself and your assets. In addition to this, it has several value-added benefits which constitute up to be great reasons for setting up an offshore incorporation.
Offshore incorporation not only helps you to dilute the political risks – the biggest threat to your savings other than market risks but also offers you currency diversification, higher interest rates for your deposits, complete confidentiality and privacy, and many other related benefits. Offshore incorporations often require reduced administration. The legal obligations of a director of an offshore company are much less in comparison to the company in your residential jurisdiction. The need for accounting, staff or a physical office can be easily overcome with virtual offices, saving time and money.
Registering an offshore company requires minimal capital as compared to onshore registrations. There are also certain jurisdictions which require no capital for registration. Setting up an offshore company does not have to be complicated as it proves to be beneficial for individuals and companies who are involved in businesses across international borders.
Choose an offshore service provider to set up your offshore incorporation and to make the best out of it.
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The hardest part of setting up an offshore merchant account is to find the acquiring bank. It is very much difficult for a small business owner to find a bank that can handle all their credit card transactions and processing.
An offshore merchant account is similar to traditional merchant accounts but is set up with a bank outside your residential country. These offer varieties of payment processing options available to merchants whose business falls in high-risk categories. These offshore merchant accounts are perfect for high-risk industries including nutraceuticals, online dating, financial services, e-cigarettes and other such businesses.
There are a number of merchant account service providers who offer a wide range of real-time and powerful offshore credit card processing solutions to high-risk business merchants and traders. These services generally include setting up merchant accounts and acquiring favorable processing solutions through relevant acquiring banks. In addition to this, these also provide credit and debit card payment, e-commerce solutions, payment gateways, fraud protection, and many others to high-risk merchants. This enables online merchants to process in multiple currencies and supports several credit cards.
So choose a reliable and efficient merchant account service provider from the bunch of them available on the Internet today and increase your sales and boost up your profit with their services. Although, these offshore merchant account services are a better solution for businesses without any other viable option but these carry a fair amount of risk too with them. So ensure you have a complete depth of knowledge and understanding about offshore credit card processing services to make your business a success story.