A New York limited liability company (LLC) is a business entity that offers strong liability protection, a flexible management structure, and certain tax advantages in the United States of America. If you want to start a small- to medium-sized business or startup, the...
What is a multi-currency account? A multi-currency account (MCA) is a type of bank account that permits a user to receive, pay, and hold money in more than one currency. The main feature of a multi-currency account is that the account details such as beneficiary...
If you’re looking to do business in the United States of America, one of the most important things you’ll need is a US bank account and you’ll need a dedicated business bank account that meets all your requirements. Although there are numerous choices of banks for...
Whether you’re planning to move to the United States of America or you are simply looking for a bank account in US dollars, you'll presumably find opening a US bank account online as a non-resident to be a complicated process filled with varied requirements and quite...
Switzerland is known for its strong banking sector which has played a critical impact in its public economy for quite a long time. Many Swiss banks are investment banks, catering for worldwide investors and focusing on wealth management. However, there are also banks...
Multi-currency accounts are a great opportunity to mitigate various forms of volatility. Volatility represents the degree to which a variable changes over time. The bigger the magnitude of a variable change, or the more rapidly it changes over time, the more volatile...
A non-resident bank account is a bank account whose beneficiary is a natural person or legal entity, and who permanently resides or is registered in a foreign country. Hence, the term ‘non-resident’ is used. It does not rely on the person’s citizenship or a company’s...
Foreign exchange risk or currency risk refers to the possibility that an investment’s value may decrease due to changes in the relative value of the involved currencies. In other words, it’s the probability that a company or investors will lose money on international...
In our interconnected world, it's more straightforward than ever to purchase, sell and exchange labor and products. Having a multi-currency account makes sense. Despite the fact that doing business globally is no longer as complicated as it once was, Transacting...
A multi-currency account is exactly what it sounds like. It's a kind of financial balance that permits you to send, get, and hold more than one currency. As opposed to opening a few financial balances with various record numbers to monitor, a multi-currency account...
