Blogs and news, Banking and Accounts , Page 5

Bearer Shares: Why They've Gone Extinct in Modern Finance

In a financial landscape cluttered with buzzwords like "blockchain," "cryptocurrencies," and "NFTs," there's one term that seems to have faded into the dusty annals of history: bearer shares. To understand the extinction of this once-popular financial instrument, we first have to unpack the bearer shares meaning.

9/7/2023 8:00:00 AM

KYC Explained: Why Banks Won't Stop Asking for More Documents

If you’ve ever opened a bank account, applied for a loan, or even tried to sign up for a cryptocurrency exchange, you’ve likely encountered an alphabet soup of requirements, prominently featuring the term KYC. Whether you perceive it as a necessary evil or a redundant obstacle, the Know Your Customer (KYC) process is not just another bureaucratic hurdle; it's a cornerstone of modern banking compliance.

9/7/2023 8:00:00 AM

Initiating Account Opening: The Key Documents You Can't Ignore

When was the last time you tried opening a bank account and felt completely lost in the labyrinthine account opening process? While digitalization has significantly changed the landscape of banking, the complexity of the bank account opening procedure has only seemed to heighten. From navigating through a series of online forms to providing a comprehensive list of required documents, the experience can be overwhelming.

9/6/2023 8:00:00 AM

Banking in Puerto Rico: Why should I open account there?

The charm of Puerto Rico goes beyond its azure waters and pristine beaches. Tucked within its lively streets and tropical ambiance is a burgeoning financial hub, beckoning investors and international clients alike. For the savvy individual, opening a Puerto Rico bank account is more than just a banking decision; it's a strategic move.

8/18/2023 8:00:00 AM

Accounting services by CPA: what is that and why you need it?

In a world dominated by digital assets and algorithmic predictions, some might assume that the nuanced world of accounting services has been subsumed by the wave of automation. Yet, delve a bit deeper, and you'll find that the artistry and expertise of a Certified Public Accountant (CPA) remain unparalleled. Here’s the crux: there’s an undeniable distinction between generic accounting and the specialized realm of public accounting performed by a CPA. Let’s break it down.

8/15/2023 8:00:00 AM

Corporate bank account in CB International Bank in Puerto Rico

In an era where economic landscapes shift rapidly and geopolitical changes can influence market sentiments overnight, the call for financial diversification has never been louder. Businesses, both large and small, are realizing the significance of not placing all their assets in one basket—or jurisdiction, for that matter. Offshore banking, once the reserve of a select few, has now firmly entered mainstream financial strategies, and there’s a noticeable uptick in its adoption.

8/14/2023 8:00:00 AM

How to choose the best banking paradise: Puerto Rico vs Panama

The challenge of finding the best banking paradise cannot be avoided. If you want to protect your money with a bank you probably have done your research and are wondering what the top offshore banking destinations are. However, the decision is not always that simple. There's no one-size-fits-all solution, so comparison becomes imperative and, most of all, necessary.

8/11/2023 8:00:00 AM

Saint Lucia

Why St. Lucia is Becoming a Preferred Destination for International Banking

International banking has found a new home in Saint Lucia, as the island nation is increasingly becoming the financial port of call for global transactions. This Caribbean gem is attracting both individuals and corporations, keen on account opening in Saint Lucia, a growing trend in the financial sector that's been turning heads around the world. St Lucia banking offers a unique blend of strategic geographical positioning, robust regulation, and innovative banking solutions, making it a prime choice for international investors.

8/10/2023 8:00:00 AM