Know Your Customer (KYC) process Financial Institutions usually perform KYC processes before opening customer accounts. KYC stands for Know Your Customer. It is a mandatory procedure that helps banks, insurance companies and other financial institutions verify prospective customers’ identities and addresses before conducting transactions. It includes verification of the customer’s identity, address, residential status, financial…

The full name of the IBC, International Business Corporation or Offshore Company. In most jurisdictions, the IBCs get to enjoy preferred treatment of tax. To maintain an IBC, the local government of the offshore jurisdiction only charges a reasonable annual renewal fees, annual government fees, maintain a registered address with a local agent to attend…

With the ease of attaining information and lowered costs due to competition in technology development, many platforms, large and small, have sprung up from the first few well-known brokerage brands. As there are coexisting opportunities and challenges, many entrepreneurs with different industry background has all entered the industry. So who typically are the more successful…