The term tax residency is often seen in financial publications and websites touching on topics related to international businesspeople or global investors. However, this is one of the hardest subjects not only to write about but also to understand and take into action. Moreover, such publications usually discuss residency, and no matter how similar these terms are they should not be mixed. Getting any of these concepts wrong can end up bringing serious consequences. When it comes to tax residency, it's vital to consider what determines residency in a state, a country, or jurisdiction, and norms like the 183 tax rule. Welcome to a new piece on taxation and tax residency and the clarification of what separates it from legal residency. In this article, we intend to clarify the difference between having legal residency and tax residency in a country. In this case, ignorance is not bliss, on the contrary, one may become a tax resident in a country without even knowing it and end up owing a lot of money. On the other hand, one may think that he or she is a tax resident in one country, and that he/she is not supposed to report in any other, but this is not necessarily so. As we were saying, tax residency is a complex matter. When writing this article, I asked myself why is this, and it came to me: it's because tax residency is a concept, not a specific tool. Let's compare it with other areas concerning international business. A trust, for example, is an agreement established between two parties. It doesn't exist until the agreement is signed and then it becomes something that the settlor will call a trust. The same happens with a company, which is incorporated after filling out forms and meeting certain requirements. 

In today’s interconnected world, financial freedom begins with smart banking choices. Whether you're an investor, an entrepreneur, or someone looking to manage assets internationally, choosing the right jurisdiction and bank is crucial. With so many international banks offering a variety of services, it can be difficult to determine which route is best. That’s why we turned to our experts at Mundo to discover which account stands out as the most opened bank account among our readers. Our team at Mundo collaborates with a diverse range of clients worldwide, providing access to trusted international banks and creating personalized strategies that suit each client’s long-term goals. Whether you're managing international investments, optimizing asset protection, or exploring global mobility solutions, we understand the nuances that make each banking decision unique. Over the years, we've built strong relationships with banks in various jurisdictions, allowing us to connect our clients with financial institutions that align with their needs for reliability, confidentiality, and strategic growth. For clients who travel frequently or run cross-border operations, working with international banks that offer superior online services and good remote client assistance is more than a convenience — it’s a necessity. The ability to manage funds remotely, access support around the clock, and stay financially agile no matter the time zone is vital in today’s fast-paced world. Whether you’re making quick transfers, checking balances, or coordinating multi-currency transactions, seamless digital service becomes an essential part of modern banking. In this landscape, traditional limitations fall away, and your opened bank account becomes a powerful tool of freedom and flexibility. 

At Mundo, we have a very close connection to Panama. We choose this country over and over for its many financial advantages, vibrant lifestyle, and above all, its wide scope of resort-style living real estate. We work shoulder to shoulder with a trusted and reliable developing company that has been constructing, selling, and managing many projects for years. Among other things, they have plenty of turnkey properties for sale and interesting pre-construction costs. A few months ago, we heard about a new opportunity of investing in Panama real estate, in an apartment complex that will be branded under one of the most relevant names in the hotel industry. That's why, when we were invited to the special launch gala, we sent our RSVP right away. Imagine a tranquil tropical night, smooth music, the vast coast of the Pacific Ocean, feeble decorative lights, and incredible luxury all around. This is what our CEO and realtor experienced on March 22nd at the Westin in Panama. Besides, she got together with the heads of the development company and some of its experts. This was an excellent opportunity for Mundo to embed ourselves in the project and find out more about it, information that we'll be sharing with you in a series of articles. Like many other projects we promote, this one will boast spectacular amenities and it is already for sale at special pre-construction costs. In Panama, there is a significant real estate sector providing resort-style living in a unique combination: apartment complexes with hotel amenities available for residency, long-term, or short-term rental depending on the unit and project. This creates a unique opportunity to acquire a place in which you can live as a queen or a king.

When looking for international banking options, foreign entrepreneurs and investors often turn to banks in America. The country has a strong and stable financial system that attracts clients from all over the world. However, not everyone is aware that Puerto Rico offers the same advantages as mainland USA. The reason is simple: Puerto Rico is an unincorporated territory of the United States, which means its banking system operates under the same legal framework, ensuring reliability, asset protection, and financial stability. For those wondering which banks in America provide banking solutions for foreigners, the answer is clear—many institutions offer secure banking services, favorable conditions, and access to global financial tools. Any of the top banks in USA can offer comprehensive financial services, ensuring security and global access. However, Puerto Rico provides the same benefits—and possibly even more—since it operates under U.S. regulations while offering additional flexibility for international clients. Another significant factor is privacy. While the United States follows strict financial reporting standards, Puerto Rico also ensures a high level of confidentiality. Neither of them has subscribed to the CRS,* this makes them an appealing option for those who want to benefit from the US financial system. Additionally, opening a bank account for non-US citizens in Puerto Rico can provide an easier entry point to a solid currency like the US dollar. Nevertheless, compliance remains a crucial aspect of opening an account successfully. *We stress that the absence of automated reporting doesn’t except the account holder from complying with his/her tax and reporting responsibilities in the corresponding countries. 

In today’s world, transparency and business credibility are more important than ever. Proving that your company operates legally and responsibly is essential. That’s exactly what a good standing certificate for LLC is for — an official document confirming that your company is meeting all legal requirements and is in active status. The LLC certificate of status is a key element in maintaining a stable and trustworthy business. In this article, we’ll walk through the process of obtaining this certificate using Nevis as an example — one of the most popular jurisdictions for international companies. The good standing certificate is not just a stamped piece of paper. It’s a reflection of how consistently and accurately your company follows the legal framework of its chosen jurisdiction. This document may be required when opening a bank account, signing a contract with a foreign partner, obtaining a license, or participating in an international transaction. To receive the certificate, the company must be in good standing — with no overdue payments or legal violations. This is where compliance comes into play: from timely payment of annual fees to keeping all information current and accurate. Many underestimates the importance of accuracy and attention to detail in corporate documentation. However, these aspects are at the core of the trust banks, partners, and authorities place in a company. The LLC certificate of status process depends on properly maintained charters, protocols, registration forms, and other internal records that define and validate the company’s structure and activity. For companies registered in foreign jurisdictions, this becomes even more critical. Even small errors can result in delays or denial of the certificate.

Many people exploring international relocation options often face a critical decision. Should they pursue citizenship or residency? If we compare citizenship vs residency, we need to ask ourselves many questions. What rights come with each status? Is it possible to open a bank account or own property with residency alone? What happens during emergencies when borders close or governments impose restrictions? In this article, we explore these questions and guide you toward a long-term solution that offers more than just temporary peace of mind. While both statuses grant the legal right to be in a country, they are fundamentally different. Residency typically allows you to live and sometimes work in a country, but with limitations. It often requires renewal, is subject to immigration controls, and may be revoked under certain circumstances. Citizenship, on the other hand, offers a secure and permanent status with full rights and protections. It grants you legal recognition as a member of the nation with access to public services and legal benefits. If residency offers an opportunity, citizenship offers long-term security. Residency can offer certain practical benefits such as access to housing, limited healthcare, and sometimes local financial services. However, the status often comes with conditional terms and long-term uncertainty. Residency holders may face travel restrictions during global disruptions, are generally excluded from participating in civic processes, and are subject to frequent administrative reviews. Minor issues like missing a renewal deadline or changes in immigration services and regulations can make the process much more complicated.

In today’s global economy, relying solely on local banking solutions can hold your business back. If you're looking to scale, collaborate with international partners, or simply bring more flexibility to your operations, having a bank account for a company abroad is no longer a luxury — it's a necessity. Opening a business account with an international financial institution offers access to a wide range of currencies. This is vital for companies operating in global markets. Holding funds in USD, EUR, GBP, or SGD allows you to reduce exchange rate costs and save on conversion fees. You gain the freedom to operate without being limited by your home currency or local restrictions — your company becomes a true global player. A strong advantage of international corporate banking is the ease of making and receiving payments across borders. With a reliable institution behind your business account, you benefit from high-speed transaction processing, better payment networks, and worldwide recognition. This smooth flow of funds enhances trust in your business and simplifies cooperation with international clients and partners. A reputable bank is more than just a place to store funds — it’s a valuable ally for your company. There are situations where your business may need a bank reference letter to confirm its financial standing or support applications in other jurisdictions. When such letters come from respected banks with international credibility, they significantly boost your company’s image. Choosing a robust corporate banking solution is an investment not only in functionality but also in reputation. At Mundo, we connect businesses with banking solutions in some of the world’s most respected jurisdictions. Each location offers distinct advantages. 

Nestled on the northwest coast of Antigua, the capital city of St. John's is a dynamic and colorful destination that welcomes visitors with its rich history, stunning waterfront, and lively atmosphere. This Caribbean gem offers a unique blend of colonial heritage, modern attractions, and an irresistible island spirit. Whether you're exploring the city’s historic landmarks, indulging in local flavors, or admiring the breathtaking coastal views, there are endless things to do in St. John's. Antigua enchants visitors with its blend of history, culture, and natural beauty, making every experience unforgettable. One of the most remarkable features of St. John's is its historical significance, reflected in its charming architecture and well-preserved landmarks. In the heart of the city stands St. John's Cathedral, an iconic structure with twin towers that dominate the skyline. Originally built in 1683 and later reconstructed in the 19th century, this stunning cathedral tells the story of Antigua’s colonial past. For a deeper dive into the island's history, a visit to the Museum of Antigua and Barbuda is a must. Located in the former colonial courthouse, this museum showcases fascinating artifacts, from indigenous Arawak tools to relics from the sugar plantation era. Walking through its halls, you’ll gain a true appreciation for the island’s cultural evolution and resilience. No trip to St. John's is complete without a visit to the vibrant Heritage Quay and Redcliffe Quay, two bustling shopping and entertainment districts along the waterfront. These charming areas are filled with duty-free shops, local boutiques, and lively restaurants where you can sample authentic Caribbean cuisine. 

In today's world, financial security is more important than ever. Economic instability, policy changes, and inflation can pose serious risks to your wealth. However, there are proven strategies that can help you not only preserve but also grow your savings. In this article, we will explore three essential steps to ensure financial stability. The most powerful of these might be a tool that many people overlook—but it could be your ultimate safeguard in the best way to protect money from inflation. If you are wondering “how to protect my money”, an effective way is by diversifying assets. Holding funds in multiple currencies and across different banking systems can shield your wealth from local economic fluctuations and currency exchange restrictions. Opening a bank account in a jurisdiction with a strong economy and financial stability is a great first step. Mundo offers a range of jurisdictions that are excellent choices for opening a foreign bank account. Whether you are looking for financial security, flexibility, or global access, jurisdictions like Singapore, Nevis, and Panama provide reliable banking solutions. Each of these locations offers strong legal protections, financial stability, and banking systems designed to accommodate international clients. For those who frequently travel and prioritize seamless online banking services, Mundo can recommend options such as Puerto Rico and Saint Lucia. These jurisdictions offer efficient digital banking solutions, ensuring you can manage your wealth securely from anywhere in the world. Selecting the right banking jurisdiction is a crucial step toward building a strong financial foundation and achieving long-term security. If you are serious about the best way to protect money from inflation, consider setting up a trust.

Why are we flying west to go to Spain? asked Edward Gamson, a dentist from Maryland who wanted to know the Iberian country. His surprise was big when he learned he was flying to the Caribbean instead. Grenada or Granada? Are these the same? We have written several times about one of them, but we are aware that many people don’t know the difference between the country and Granada, Spain, so here is an article with some curious facts and the intention of telling these regions apart. Edward Ganson is a dentist from Maryland who happened to visit Portugal for a conference. While there he decided to take some holidays to Grenada, Spain, to see the world-renowned Alhambra among other beautiful landmarks. This is why he thought it strange when the flight took off and headed west, that’s when he found out that he was on a transatlantic trip when he intended to fly to the neighboring country. His holidays to Grenada, Spain were already planned, he had bookings and reservations and this cost him much, a fact that the airline tried to compensate. Nevertheless, Gamson ended up suing. What happened there? Grenada or Granada? Is there a difference? Sure, there is, and it’s more than a letter: it’s 7,000 kilometers. There are many funny stories about similar names of regions and mixed-up destinations. One example is the case of the 400 fans of the Athletic Bilbao. They intended to see their team playing at the Champions League Final, which was held in Bucharest, Romania. Instead, they flew to Budapest, the capital of Hungary, being stranded 397 miles from where their heroes were playing. A professor from Ghana suffered another one of these mistakes trying to fly to Guyana for a scholarship.