| Cartão Mastercard pré-pago. Como abrir uma conta bancária no exterior sem sair de casa? Como abrir uma conta bancária offshore?
Como abrir uma conta bancária no exterior: Muitos bancos, especialmente no Caribe, Europa, Oriente Médio, Ásia e na América Latina exigem uma referência ou apresentação do candidato para poder abrir uma conta bancária. Em muitos casos, o agente pode fornecer a referência ou apresentar o cliente ao banco, portanto, facilitando à abertura da conta.
Hoje em dia muita gente optar por uma conta bancária offshore de dispor inúmeras vantagens como a protecção de bens e benefícios fiscais. As multinacionais grandes e mesmo os indivíduos recorrem a esta prática. No entanto é preciso conhecer as vantagens do tratamento offshore conta bancária eo modo para selecionar o melhor banco offshore.
As vantagens de ter uma conta bancária estrangeira depende da situação financeira de um indivíduo para uma extensão. Pessoas que são internacionalmente foco< ou estrangeiros podem obter facilidades como facilidade de acesso, flexibilidade e alcance mundial se abrir uma conta em um banco ideal offshore. Outras vantagens incluem melhores taxas de juros, o planeamento de propriedade e proteção de ativos. No entanto pode optar por um conselho profissional antes de abrir uma conta em um banco offshore.
Uma pessoa precisa para abrir uma conta offshore no país apropriado. Nem todos os países têm leis semelhantes para os estrangeiros que querem abrir uma conta bancária nos seus territórios. Por uma questão de facto, uma pessoa que procura a conta bancária offshore deve selecionar um país com economia estável e crescimento. As relações internacionais entre os dois países também é importante neste contexto.
Antes de escolher um banco offshore que uma pessoa precisa fazer alguma pesquisa de fundo sobre os diferentes bancos. Um banco que tem as suas filiais em vários países e goza de uma reputação global para o serviço deve ser escolhido neste contexto. Essas informações podem ser obtidas on-line.
Os bancos offshore oferecem vários tipos de conta e uma pessoa precisa para escolher aquele que satisfaz sua necessidade. Hoje, uma pessoa pode abrir uma conta em um país estrangeiro a partir de seu próprio país. Posteriormente, a conta pode ser tratado online de seu país também. No entanto, é obrigatório apresentar os documentos de identificação necessários e status de renda.
Muitos bancos oferecem offshore telefone e internet banking e estes são adequados para os executivos de trabalho que levam uma vida agitada. No entanto alguns países proibir seus moradores de abrir uma conta bancária offshore.
Jurisdições que abrem contas corporativas remotamente Os países que se tornaram bastante conhecida por oferecer excelente operação bancária offshore de incluir a Suíça e Bermuda. As contas bancárias na Suíça são escolhidos para a sua privacidade. Outro país que é o preferido por muitos empresários para a operação bancária offshore segura é o Bahamas. Em última análise, uma pessoa tem de escolher o país que é mais adequado para suas necessidades bancárias offshore. Abrir conta bancaria offshore |
| Abrir conta bancaria offshore |
| Offshore - O que s? para?os financeiros ou fiscais? |
| Para?o fiscal |
| Conta no banco sem pagar |
| Lista de bancos que ofrecem contas correntes gratuitas |
| Conta Bancaria Sui? Offshore |
| Procedimento para abrir conta bancaria na Sui? ABRIR CONTA BANC?IA PELA INTERNET |
| Conta bancaria Sui? Anonima |
| Ordem seu conta bancaria na Sui? agora online internet |
| Conta bancaria Caribe Bancos |
| Conta bancaria Austria Bancos Austria |
| Let?ia conta Private Bank |
| Conta bancaria na Alemanha Bancos alemao |
| Conta banc?ia Portugal |
| Conta Bancos Estados Unidos |
| Duvidas Conta Banco nos Estados Unidos |
| Como Abrir conta nos Estados Unidos |
| Cart? an?imo Maestro VISA |
| Cartao maestro ATM anonimo |
| Contacto-nos offshore conta Bancaria |
| Gloss?io A contrario sensu |
| Diccionario de finan?s em ingl? |
| Lista bancos centrais no mumdo |
| Lista Bancos Sui? |
| Reguladores de Valores No Mundo |
| Guia Para Forex |
| O qui ?Forex - Foreing exchange |
| Como Fazer Para transfer?cias internacionais |
| O Cheque |
| Conta bancaria no Caribe Anguilla |
| Conta bancaria no Caribe Ant?ua e Barbuda |
| Conta bancaria no Caribe Bonaire |
| Conta bancaria no Caribe Cura?o |
| Conta bancaria no Caribe Saba |
| Conta bancaria no Caribe Santo Eust?uio |
| Conta bancaria no Caribe S? Martinho |
| Conta bancaria no Caribe Aruba |
| Conta bancaria no Caribe Bahamas |
| Conta bancaria no Caribe Barbados |
| Conta bancaria no Caribe Bermuda |
| Conta bancaria no Caribe Ilhas Virgens |
| Conta bancaria no Caribe Ilhas Caymans |
| Conta bancaria no Caribe Cuba |
| Conta bancaria no Caribe Dominica |
| Conta bancaria no Caribe Rep?lica Dominicana |
| Conta bancaria no Caribe Granada |
| Conta bancaria no Caribe Guadalupe |
| Conta bancaria no Caribe Haiti |
| Conta bancaria no Caribe Jamaica |
| Conta bancaria no Caribe Martinica |
| Conta bancaria no Caribe M?ico |
| Conta bancaria no Caribe Montserrat |
| Conta bancaria no Caribe Porto Rico |
| Conta bancaria no Caribe Santa L?ia |
| Conta bancaria no Caribe S? Vicente e Granadinas |
| Conta bancaria no Caribe Trinidad e Tobago |
| Conta bancaria no Caribe Turks e Caicos |
| Mapa du site |
| Conta Bancaria offshore disclaimer |
| Conta Bancaria OFfshore |
| Os Para?os fiscais |
| Lista de Para?os Fiscais |
| Para?os fiscais e desregula?o |
| Sites de Bancos em Portugal |
| Diccionario Balan? de Capital |
| C?bio Comercial termos Empresariales |
| diccionario DEB?TURE |
| Efeito-substitui?o |
| Fiscalismo |
| Ganho de capital |
| HIPERINFLA?O |
| O Gloss?io de termos Empresarial IBOVESPA |
| JURISDI?O ADUANEIRA |
| Palavra-chave para utiliza?o em um sistema de busca na internet. |
| LAJIDA |
| Moeda Estrangeira. |
| Neg?io eletr?ico |
| OBRIGA?ES |
| POSI?O A FUTURO |
| Quase-Moeda |
| REALIZA?O DE LUCRO |
| SALDO N?-NEGOCIADO |
| TARIFA DE EXPORTA?O |
| UFIR (Unidade Fiscal de Refer?cia) Gloss?io |
| Valor adicionado |
| Warrant Garantia, autoriza?o, procura?o, poder. |
| Extensible Markup Language XML - Linguagem e protocolo |
| YIELD Rendimento, lucro, produ?o. |
| Zona de Livre Com?cio |
| Gloss?io do Forex |
| Lista de pa?es no mondo |
| Lista Bancos Da Sui? |
| Organismos Internacionais |
| Os Participantes no Mercado Forex |
| Como Investir no Mercado Forex |
| Passos para se investir em Forex |
| As moedas mais populares Fores |
| O mercado de c?bio |
| Poder de negocia?o do mercado FOREX |
| Como os dados afetam o mercado |
| Transfer?cias com O CitiBank |
| C?igo SWIFT BIN em transfer?cias internacionais |
| O qui ?Forex |
Abrir Conta Bancaria offshore cheque
Banking in Israel The Postal Bank's Visa Prepaid USD card
The Postal Bank's Visa Prepaid USD card.
Safer than cash. A better deal than credit!
What is the Visa Prepaid USD card?
Visa Prepaid USD card will change the way you handle money when you travel. With the card you can
prepay your planned budget (by presenting national I.D card or passport for foreigners and by paying
cash only), for safe and convenient use anywhere that Visa credit cards are accepted (such as: stores and restaurants world wide), and allows cash withdrawals at all designated ATMs. The card also enables safe Internet purchases (as specified below). The card is valid for up to 3 years and can be reloaded multiple times. Additionally, you can receive information about your transactions and card balance
Safer than cash. A better deal than credit!
What is the Visa Prepaid USD card?
Visa Prepaid USD card will change the way you handle money when you travel. With the card you can
prepay your planned budget (by presenting national I.D card or passport for foreigners and by paying
cash only), for safe and convenient use anywhere that Visa credit cards are accepted (such as: stores and restaurants world wide), and allows cash withdrawals at all designated ATMs. The card also enables safe Internet purchases (as specified below). The card is valid for up to 3 years and can be reloaded multiple times. Additionally, you can receive information about your transactions and card balance
| The advantages of Visa Prepaid $ card | |||||||||||
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| For information about your transactions and card balance click here | |||||||||||
| Visa Prepaid $ / € card Advantages
Security
The card is identifiable (although the cardholder's name is not imprinted on it). In case of theft or loss, it is possible to block the card and keep the money loaded in it. In this way, the money in the card is safe, so you can have peace of mind when traveling abroad.
Visa Foreign Currency Prepaid is not connected to your bank account, so that in case of loss or theft, your bank account is not at risk.
You can order securely by telephone or on the Internet, since it is impossible to take out from the card more than the amount loaded in it at any given time. The card is insured, as is customary for all types of credit cards.
If your children are traveling abroad (summer camp, a trip to Poland, etc.), and you don't want them walking around carrying cash, give them a "Visa Prepaid $ / €" card and prevent unnecessary riskto them, while the money is kept safe – in case of loss or theft the card can be blocked.
In case of loss/theft of the card, contact the Help hotline, which operates 24 hours a day, 7 days a week: 972-73-2633555
The Visa Prepaid $ / € card is so convenient!
It can be used for payment at various business establishments, including stores, restaurants, and places of entertainment – which accept Visa cards and use an electronic transaction device – or for withdrawing local currency at ATMs the world over.
You have the option of withdrawing cash at an ATM or paying for a purchase in local currency. In this case, there may be exchange rate difference costs.
No more money in the card? No problem! Your representative can reload your card for you at any postal branch.
A service hotline manned 24 hours a day, 7 days a week, and an automated system for checking your balance and recent transactions.
Availability
You can purchase and reload the Visa Prepaid $ / € card at any postal branch throughout Israel.
Control your expenses
You decide what amount to load in your card, so that you can spend exactly the amount that you planned.
Want to limit the amount of money you spend? Load the card with the amount you have budgeted. This way you'll be sure not to spend more than the budget you decided on.
Benefits
Passport Card™ Travel Insurance via magnetic card
A revolution in the world of insurance, from the Phoenix Insurance Company and DavidShield**.
Buy a Visa Prepaid $ / € Card at the Postal Bank, and join PassportCard™ Travel Insurance via magnetic card; you can enjoy special insurance that will cover the expenses* you will need to pay when using your card during your stay abroad.
PassportCard coverage plans include, among other things:
Availability/continuous service:24 hours a day, 7 days a week, any day of the year.
For information and additional details about the card and the services provided by us, contact the PassportCard™ service hotline *9912 from any phone in Israel, or via our homepage www.passportcard.co.il.
For new members, up to NIS 40 credit for the insurance premium at time of purchase.
PassportCard™ Travel Insurance via magnetic card, allowing a variety of solutions for travelers abroad, with personal customization, such as:
The Travel Planis a travel insurance plan built and customized for the varied and changing needs of the population that travels abroad. The policy allows us to provide an answer for all travel purposes, with personal customization of extensions.
The Mochiler Planis an extension most suitable for travelers who are going on a lengthy backpacking trip.
The Business Planis an annual travel insurance policy providing special solutions for business people who travel a lot abroad, or who combine business and vacation trips.
FAQs
As a Visa Prepaid $ / € customer of the Postal Bank, we offer you PassportCard™ travel insurance from the Phoenix Insurance Company group and DavidShield**.
The experts from PassportCard™ Travel Insurance via magnetic card have collected for you a representative selection of frequently asked questions from the PassportCard sales and customer service centers.
What is PassportCard?
PassportCard™ Travel Insurance via magnetic card is a special advanced product, providing you with medical coverage via the card in your possession, for any medical need or problem abroad, whether you are on a business trip, family visit, or any other type of trip.
What should you do in case of a medical incident?
In case of a medical incident, contact the PassportCard™ hotline using the toll-free numbers in accordance with the country that you are visiting, or via Skype. The PassportCard service hotline is at your service 24 hours a day 7 days a week.
How do you use the card – how does it work?
In accordance with the description of the incident and with your location, we will direct you to the clinic or hospital that is nearest to your location. In case of need and/or at your request, one of our on‑duty doctors will provide you with medical guidance.
At the conclusion of treatment, PassportCard will pay the bill (with no deductable!), via the magnetic card in your possession.
Where can I use PassportCard Travel Insurance via magnetic card?
PassportCard service is available at all clinics, pharmacies, and doctor's offices throughout the world where Visa is accepted.
What should I do with the card upon returning from abroad?
Returned from abroad? We hope you had a good time! Keep the card in your possession together with your passport, and on your next trip you can activate the insurance in seconds...even on the way to the airport.
For repeat use, you can call the activation hotline *9912, or activate the card via the PassportCard homepage.
If you are interested in further details, or if you have not found an answer to your question – please contact us, via the PassportCard homepage, or call the PassportCard service hotline from any phone in Israel *9912, or via Skype, or telephone number 972-9-8920930.
US PENDING PATENT 12/949,367
* Medical expenses in accordance with customary and reasonable cost at the location where treatment is required. Subject to the terms of the policy and its appendices, the insurance plan is from "Phoenix Insurance Company" and DavidShield**.
** Through Mizrah Insurance Service Ltd.
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Banking in Uruguay
List of Bank in Uruguay
Uruguay is one of the Latin American countries to have shown a significant upward trend in economic growth, while also successfully overcoming both regional and worldwide crises in the last ten years. Its advance has been boosted by reforms that have provided greater macro-economic stability. However, a series of aspects still need improving, and these are important for strengthening the country's future growth and sustainability. One of these is financial depth.
The economics literature has highlighted the importance of broad access by the population to the products and services offered by banks in order to foster savings and facilitate investment and commercial activities, and to strengthen economic growth. Further, it is a channel through which the authorities can reduce the volatility of the GDP.
There are a number of reasons for this:
Financial institutions reduce the costs of identifying the most profitable projects and of monitoring their development. They also diversify savers' risk by placing lendable funds in projects in different economic sectors. Hence, they incentivise savings by channelling funds towards attractive investments with a lower risk. Greater savings means larger sources of financing for investment, which favours the accumulation of capital and, thus, growth.
Banks provide the liquidity that investors need, thus reducing the rate at which productive projects are halted owing to temporary problems. This means greater investment, greater accumulation of capital and, consequently, greater growth.
The financial system widens the range of payment means, which facilitates transactions. This drives commerce and economic activity.
It boosts the effectiveness of monetary policy, favouring the implementation of countercyclical policies and the attainment of macroeconomic stability.
The financial system in Uruguay, however, according to a number of measures, is lagging behind the rest of Latin America, even if differing income levels per inhabitant are taken into account. In other words, the country has failed to take advantage of the opportunities of financial depth to bolster the growth of activity. What is to be done? How can this process be driven forward? The object of the following chapters is to describe the situation in Uruguay in terms of banking penetration and then, on this basis, make recommendations to help gradually improve the population's access to the products and services offered by banks.
Uruguay’s Key Advantages
Uruguay offers many advantages to the foreign or offshore resident, thus its reputation as “the Switzerland of South America”
Funds can enter Uruguay freely, that is, no withholding taxes or government fees affect transfers of money into the country.
Funds can exit the country, free of any taxes, at any point. There are no waiting periods or permits to transfer money back out of the country.
One does not face currency risk, since funds in the country can (and usually do) stay in foreign currency (U.S. dollars and Euros being the main choice). Over three quarters of the funds that Uruguayan banks hold are in dollars.
One needn’t be a citizen, a resident, nor be physically present in Uruguay, in order to own property in the country, or have investments or funds in a bank account in the country.
Assets in Uruguay can be owned by any type of foreign vehicle, with no disadvantage. It’s common to see real estate owned by Panama, BVI or Delaware LLCs.
Obtaining Uruguayan Citizenship
Residency Is A Simple Process
Obtaining Uruguayan citizenship a simple process. It starts with filing for residency (which is granted, on average, after a year).
Uruguayan residency is easy to obtain and the key requirements are three: one’s birth certificate (stamped by the Uruguayan consulate in the country of birth), a clean police record and proof that one can support oneself throughout the residency process (the “income requirement”).
To prove that one has a clean police record, he or she must present a police certificate from the country of origin and from those countries where one resided in the past five years (in the case of U.S. citizens, the U.S. record is requested in Uruguay, at the local Interpol office).
Income Requirement
The income requirement is fulfilled by proving that the interested party has yearly income of at least USD 6,000. This can be proved in a number of ways: a pension, a mutual fund, lease income from an asset inside or outside Uruguay, dividends of any nature, or a wage, to name common examples. Uruguay’s immigration authorities scrutinize this requirement thoroughly, so the key is to prove it correctly, leaving no doubt to the authenticity and permanent or semi-permanent nature of the income source.
No Real Estate Requirement
It’s important to notice that Uruguay does not require that you own property or have investments in the country, in order to grant residency. On the other hand, owning property does not eliminate the income requirement.
To file for residency, after gathering the necessary documents, one enters Uruguay as a tourist and files the request on a pre-appointed date, at the immigration authority (“DNM”). From the moment a person applies for residency, he or she may stay in Uruguay indefinitely, and even request a national identification, which allows one to travel passport-less to Argentina, Brazil, Chile and Paraguay. One may also, from day one, bring one’s household goods into the country, duty free. Household goods do not include a car.
Citzenship
After five years of having filed for residency (three in the case of families) one can apply for citizenship. This is done at Uruguay’s “Electoral Court”, and the requirement is that one have Uruguayan residency, and to have had a permanent connection with the country and no absence for more than six straight months, for three/five years (this is proved with documents and witnesses). The citizenship application process is quick, and usually citizenship is granted within three months of one’s request.
Uruguay allows multiple citizenship, and the key benefit of citizenship is a Uruguayan passport, which allows for visa-free travel to all of Latin America and several European countries.
Retirees
A special law, 16,340, that applies to retirees with a government pension of over USD 18,000 per year guarantees a Uruguayan passport more rapidly. For those who apply for residency under this law, a passport is granted after a year to eighteen months (the time the process usually takes). But the hurdles and requirements are higher: besides the fact that income must be an official pension, and of at least USD 18,000 per year, one must also own a property in Uruguay valued at USD 100,000 or more. This law also allows one to bring a car tax free, but this is not recommended, since bureaucratic delays can make the process very expensive.
Taxes in Uruguay
For foreign citizens, and for Uruguayan citizens with offshore income, taxes are a neutral issue
Foreign Source Income
Recent changes in Uruguay’s tax code, in July 2007, introduced personal income tax for individuals, but did not change Uruguay’s main tax rule: foreign income is never taxed (nor does it have to be reported). Uruguay will continue taxing only income generated inside Uruguay and some assets located inside the country. Thus, for citizens and foreign nationals alike, any type of income obtained from a foreign source, or assets abroad, will remain untouched by the Uruguayan tax collector. A U.S. pension, dividends or capital gains on stock in a Japanese company, interest from a CD in a European bank or real estate in Australia: they all remain untaxed.
Uruguay’s Offshore Vehicles
Uruguay maintains a reputation as an efficient and trustworthy offshore jurisdiction, mainly through two instruments: offshore companies and free-zone companies.
Uruguay’s offshore vehicle is the standard Sociedad Anonima (SA) which is untaxed on its offshore income and offshore assets. The only tax that a Uruguayan SA pays when used solely for offshore purposes is a flat tax, ICOSA, which amounts to the equivalent of approximately USD 390 per year.
The SA is a stock corporation, and it is simple to manage and run. It may have one or many owners (shareholders), of any origin, one or many officers (of any origin), and its shares may be nominative or bearer-type. There are no public records or requirements to disclose or register the shareholders of the company, even in the case of nominative-share companies.
SAs are easy and inexpensive to incorporate, and usually investors purchase a readily incorporated (but not-yet-activated) SA, which can be made available and used instantaneously.
Its sole obligations are to:
Have at least one officer or director, who has to register with the tax authorities and the Public Commerce Registry
File tax forms twice a year
Residency Is A Simple Process
Obtaining Uruguayan citizenship a simple process. It starts with filing for residency (which is granted, on average, after a year).
Uruguayan residency is easy to obtain and the key requirements are three: one’s birth certificate (stamped by the Uruguayan consulate in the country of birth), a clean police record and proof that one can support oneself throughout the residency process (the “income requirement”).
To prove that one has a clean police record, he or she must present a police certificate from the country of origin and from those countries where one resided in the past five years (in the case of U.S. citizens, the U.S. record is requested in Uruguay, at the local Interpol office).
Income Requirement
The income requirement is fulfilled by proving that the interested party has yearly income of at least USD 6,000. This can be proved in a number of ways: a pension, a mutual fund, lease income from an asset inside or outside Uruguay, dividends of any nature, or a wage, to name common examples. Uruguay’s immigration authorities scrutinize this requirement thoroughly, so the key is to prove it correctly, leaving no doubt to the authenticity and permanent or semi-permanent nature of the income source.
No Real Estate Requirement
It’s important to notice that Uruguay does not require that you own property or have investments in the country, in order to grant residency. On the other hand, owning property does not eliminate the income requirement.
To file for residency, after gathering the necessary documents, one enters Uruguay as a tourist and files the request on a pre-appointed date, at the immigration authority (“DNM”). From the moment a person applies for residency, he or she may stay in Uruguay indefinitely, and even request a national identification, which allows one to travel passport-less to Argentina, Brazil, Chile and Paraguay. One may also, from day one, bring one’s household goods into the country, duty free. Household goods do not include a car.
Citzenship
After five years of having filed for residency (three in the case of families) one can apply for citizenship. This is done at Uruguay’s “Electoral Court”, and the requirement is that one have Uruguayan residency, and to have had a permanent connection with the country and no absence for more than six straight months, for three/five years (this is proved with documents and witnesses). The citizenship application process is quick, and usually citizenship is granted within three months of one’s request.
Uruguay allows multiple citizenship, and the key benefit of citizenship is a Uruguayan passport, which allows for visa-free travel to all of Latin America and several European countries.
Retirees
A special law, 16,340, that applies to retirees with a government pension of over USD 18,000 per year guarantees a Uruguayan passport more rapidly. For those who apply for residency under this law, a passport is granted after a year to eighteen months (the time the process usually takes). But the hurdles and requirements are higher: besides the fact that income must be an official pension, and of at least USD 18,000 per year, one must also own a property in Uruguay valued at USD 100,000 or more. This law also allows one to bring a car tax free, but this is not recommended, since bureaucratic delays can make the process very expensive.
Taxes in Uruguay
For foreign citizens, and for Uruguayan citizens with offshore income, taxes are a neutral issue
Foreign Source Income
Recent changes in Uruguay’s tax code, in July 2007, introduced personal income tax for individuals, but did not change Uruguay’s main tax rule: foreign income is never taxed (nor does it have to be reported). Uruguay will continue taxing only income generated inside Uruguay and some assets located inside the country. Thus, for citizens and foreign nationals alike, any type of income obtained from a foreign source, or assets abroad, will remain untouched by the Uruguayan tax collector. A U.S. pension, dividends or capital gains on stock in a Japanese company, interest from a CD in a European bank or real estate in Australia: they all remain untaxed.
Uruguay is one of the Latin American countries to have shown a significant upward trend in economic growth, while also successfully overcoming both regional and worldwide crises in the last ten years. Its advance has been boosted by reforms that have provided greater macro-economic stability. However, a series of aspects still need improving, and these are important for strengthening the country's future growth and sustainability. One of these is financial depth.
The economics literature has highlighted the importance of broad access by the population to the products and services offered by banks in order to foster savings and facilitate investment and commercial activities, and to strengthen economic growth. Further, it is a channel through which the authorities can reduce the volatility of the GDP.
There are a number of reasons for this:
Financial institutions reduce the costs of identifying the most profitable projects and of monitoring their development. They also diversify savers' risk by placing lendable funds in projects in different economic sectors. Hence, they incentivise savings by channelling funds towards attractive investments with a lower risk. Greater savings means larger sources of financing for investment, which favours the accumulation of capital and, thus, growth.
Banks provide the liquidity that investors need, thus reducing the rate at which productive projects are halted owing to temporary problems. This means greater investment, greater accumulation of capital and, consequently, greater growth.
The financial system widens the range of payment means, which facilitates transactions. This drives commerce and economic activity.
It boosts the effectiveness of monetary policy, favouring the implementation of countercyclical policies and the attainment of macroeconomic stability.
The financial system in Uruguay, however, according to a number of measures, is lagging behind the rest of Latin America, even if differing income levels per inhabitant are taken into account. In other words, the country has failed to take advantage of the opportunities of financial depth to bolster the growth of activity. What is to be done? How can this process be driven forward? The object of the following chapters is to describe the situation in Uruguay in terms of banking penetration and then, on this basis, make recommendations to help gradually improve the population's access to the products and services offered by banks.
Uruguay’s Key Advantages
Uruguay offers many advantages to the foreign or offshore resident, thus its reputation as “the Switzerland of South America”
Funds can enter Uruguay freely, that is, no withholding taxes or government fees affect transfers of money into the country.
Funds can exit the country, free of any taxes, at any point. There are no waiting periods or permits to transfer money back out of the country.
One does not face currency risk, since funds in the country can (and usually do) stay in foreign currency (U.S. dollars and Euros being the main choice). Over three quarters of the funds that Uruguayan banks hold are in dollars.
One needn’t be a citizen, a resident, nor be physically present in Uruguay, in order to own property in the country, or have investments or funds in a bank account in the country.
Assets in Uruguay can be owned by any type of foreign vehicle, with no disadvantage. It’s common to see real estate owned by Panama, BVI or Delaware LLCs.
Obtaining Uruguayan Citizenship
Residency Is A Simple Process
Obtaining Uruguayan citizenship a simple process. It starts with filing for residency (which is granted, on average, after a year).
Uruguayan residency is easy to obtain and the key requirements are three: one’s birth certificate (stamped by the Uruguayan consulate in the country of birth), a clean police record and proof that one can support oneself throughout the residency process (the “income requirement”).
To prove that one has a clean police record, he or she must present a police certificate from the country of origin and from those countries where one resided in the past five years (in the case of U.S. citizens, the U.S. record is requested in Uruguay, at the local Interpol office).
Income Requirement
The income requirement is fulfilled by proving that the interested party has yearly income of at least USD 6,000. This can be proved in a number of ways: a pension, a mutual fund, lease income from an asset inside or outside Uruguay, dividends of any nature, or a wage, to name common examples. Uruguay’s immigration authorities scrutinize this requirement thoroughly, so the key is to prove it correctly, leaving no doubt to the authenticity and permanent or semi-permanent nature of the income source.
No Real Estate Requirement
It’s important to notice that Uruguay does not require that you own property or have investments in the country, in order to grant residency. On the other hand, owning property does not eliminate the income requirement.
To file for residency, after gathering the necessary documents, one enters Uruguay as a tourist and files the request on a pre-appointed date, at the immigration authority (“DNM”). From the moment a person applies for residency, he or she may stay in Uruguay indefinitely, and even request a national identification, which allows one to travel passport-less to Argentina, Brazil, Chile and Paraguay. One may also, from day one, bring one’s household goods into the country, duty free. Household goods do not include a car.
Citzenship
After five years of having filed for residency (three in the case of families) one can apply for citizenship. This is done at Uruguay’s “Electoral Court”, and the requirement is that one have Uruguayan residency, and to have had a permanent connection with the country and no absence for more than six straight months, for three/five years (this is proved with documents and witnesses). The citizenship application process is quick, and usually citizenship is granted within three months of one’s request.
Uruguay allows multiple citizenship, and the key benefit of citizenship is a Uruguayan passport, which allows for visa-free travel to all of Latin America and several European countries.
Retirees
A special law, 16,340, that applies to retirees with a government pension of over USD 18,000 per year guarantees a Uruguayan passport more rapidly. For those who apply for residency under this law, a passport is granted after a year to eighteen months (the time the process usually takes). But the hurdles and requirements are higher: besides the fact that income must be an official pension, and of at least USD 18,000 per year, one must also own a property in Uruguay valued at USD 100,000 or more. This law also allows one to bring a car tax free, but this is not recommended, since bureaucratic delays can make the process very expensive.
Taxes in Uruguay
For foreign citizens, and for Uruguayan citizens with offshore income, taxes are a neutral issue
Foreign Source Income
Recent changes in Uruguay’s tax code, in July 2007, introduced personal income tax for individuals, but did not change Uruguay’s main tax rule: foreign income is never taxed (nor does it have to be reported). Uruguay will continue taxing only income generated inside Uruguay and some assets located inside the country. Thus, for citizens and foreign nationals alike, any type of income obtained from a foreign source, or assets abroad, will remain untouched by the Uruguayan tax collector. A U.S. pension, dividends or capital gains on stock in a Japanese company, interest from a CD in a European bank or real estate in Australia: they all remain untaxed.
Uruguay’s Offshore Vehicles
Uruguay maintains a reputation as an efficient and trustworthy offshore jurisdiction, mainly through two instruments: offshore companies and free-zone companies.
Uruguay’s offshore vehicle is the standard Sociedad Anonima (SA) which is untaxed on its offshore income and offshore assets. The only tax that a Uruguayan SA pays when used solely for offshore purposes is a flat tax, ICOSA, which amounts to the equivalent of approximately USD 390 per year.
The SA is a stock corporation, and it is simple to manage and run. It may have one or many owners (shareholders), of any origin, one or many officers (of any origin), and its shares may be nominative or bearer-type. There are no public records or requirements to disclose or register the shareholders of the company, even in the case of nominative-share companies.
SAs are easy and inexpensive to incorporate, and usually investors purchase a readily incorporated (but not-yet-activated) SA, which can be made available and used instantaneously.
Its sole obligations are to:
Have at least one officer or director, who has to register with the tax authorities and the Public Commerce Registry
File tax forms twice a year
Residency Is A Simple Process
Obtaining Uruguayan citizenship a simple process. It starts with filing for residency (which is granted, on average, after a year).
Uruguayan residency is easy to obtain and the key requirements are three: one’s birth certificate (stamped by the Uruguayan consulate in the country of birth), a clean police record and proof that one can support oneself throughout the residency process (the “income requirement”).
To prove that one has a clean police record, he or she must present a police certificate from the country of origin and from those countries where one resided in the past five years (in the case of U.S. citizens, the U.S. record is requested in Uruguay, at the local Interpol office).
Income Requirement
The income requirement is fulfilled by proving that the interested party has yearly income of at least USD 6,000. This can be proved in a number of ways: a pension, a mutual fund, lease income from an asset inside or outside Uruguay, dividends of any nature, or a wage, to name common examples. Uruguay’s immigration authorities scrutinize this requirement thoroughly, so the key is to prove it correctly, leaving no doubt to the authenticity and permanent or semi-permanent nature of the income source.
No Real Estate Requirement
It’s important to notice that Uruguay does not require that you own property or have investments in the country, in order to grant residency. On the other hand, owning property does not eliminate the income requirement.
To file for residency, after gathering the necessary documents, one enters Uruguay as a tourist and files the request on a pre-appointed date, at the immigration authority (“DNM”). From the moment a person applies for residency, he or she may stay in Uruguay indefinitely, and even request a national identification, which allows one to travel passport-less to Argentina, Brazil, Chile and Paraguay. One may also, from day one, bring one’s household goods into the country, duty free. Household goods do not include a car.
Citzenship
After five years of having filed for residency (three in the case of families) one can apply for citizenship. This is done at Uruguay’s “Electoral Court”, and the requirement is that one have Uruguayan residency, and to have had a permanent connection with the country and no absence for more than six straight months, for three/five years (this is proved with documents and witnesses). The citizenship application process is quick, and usually citizenship is granted within three months of one’s request.
Uruguay allows multiple citizenship, and the key benefit of citizenship is a Uruguayan passport, which allows for visa-free travel to all of Latin America and several European countries.
Retirees
A special law, 16,340, that applies to retirees with a government pension of over USD 18,000 per year guarantees a Uruguayan passport more rapidly. For those who apply for residency under this law, a passport is granted after a year to eighteen months (the time the process usually takes). But the hurdles and requirements are higher: besides the fact that income must be an official pension, and of at least USD 18,000 per year, one must also own a property in Uruguay valued at USD 100,000 or more. This law also allows one to bring a car tax free, but this is not recommended, since bureaucratic delays can make the process very expensive.
Taxes in Uruguay
For foreign citizens, and for Uruguayan citizens with offshore income, taxes are a neutral issue
Foreign Source Income
Recent changes in Uruguay’s tax code, in July 2007, introduced personal income tax for individuals, but did not change Uruguay’s main tax rule: foreign income is never taxed (nor does it have to be reported). Uruguay will continue taxing only income generated inside Uruguay and some assets located inside the country. Thus, for citizens and foreign nationals alike, any type of income obtained from a foreign source, or assets abroad, will remain untouched by the Uruguayan tax collector. A U.S. pension, dividends or capital gains on stock in a Japanese company, interest from a CD in a European bank or real estate in Australia: they all remain untaxed.
Banking in Colombia
Things you Need to Know Before you Go: Money and Banking
Whether you are visiting or planning to live in another country, arriving prepared will avoid a lot of woes. Colombia may sound exotic, but it's not as if you will be landing on another planet either. Let me make the transition a little easier by giving you the rundown on everything everybody needs to know! Today let us tackle money, which some attribute all evil to, but be that as it may, it is also a necessary evil!
More info
http://www.colombia.travel
http://bankingin.com/colombia.html
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