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Why offshore banking matters in a financial crisis

Offshore banking: the good, the bad and the ugly

With the reveal of operations and hidden accounts on Panama Papers, the topic of offshore banking - specifically, bad purpose offshore banking - has been on the table for a while. People would discuss the pros and cons and whether or not it was a legitimate practice, either for governments or private companies. Truth is, offshore banking has always been part of the financial practice, perhaps even before banks existed as themselves. Saving your wealth away from your location is a way to keep it secret and safe, but with the development of the international bank network and banking operations, there are some extra advantages for offshore accounts.

Discussing the benefits of this practice is, of course, far more interesting than addressing its disadvantages. The controversy about offshore banking centers around whether account holders have legitimate or ilegitimate reasons for doing what they do. If you are interested in this topic we suggest that you check this very interesting article: How to explain offshore banking to a 5 years old.


Which languages courses can help business owners succed abroad

Global businesses, corporate success

Every era in human history has its gimmick when it comes to the default method for economical development. Today, internationalization is the key for growth in any area, and businesses that choose to remain local and not trascend boundaries or establish connections with suppliers, clients or partners in faraway lands are restraining themselves and limiting their potential. This is one of the most pointless things a business can do.

Opening up gateways for communication among businesspeople in all corners of the world has its pros and cons. The most obvious benefit is that more possibilities open up right and left for everyone who knows how to make contacts and use resources available in all parts of the world. Commercial and trade agreements can be established across oceans ans continents, and the combination of minds and capital from different people can give birth to successful and solid businesses that will spill out money like the fountain of abundance. Read More...

Business Financial Solutions for SMEs

Starting up a new business venture is definitely not an easy task!

If you have spoken to business owners, you will definitely hear them say that starting a new business venture can be a very challenging task. It is not easy especially if it is your first time. Many make mistakes and overlook a lot of important details. However, these mistakes are valuable in the learning curve as a business owner. Even those who have been successfully running their businesses for a while can attest to this. They have made mistakes upon mistakes until they eventually learned how to effectively and efficiently manage and run their businesses.
Finance is a key factor in the success of any business no matter what stage of development the business is in. Every company needs capital to finance its daily operations; however, not all companies have the capital needed and have to find ways to raise finances for the business.

Options to consider when raising finances for a business

1.    Government Aid

With more and more people going independent to make a livelihood for themselves, governments the world over, UK included, have taken up the job of supporting such incentives from these individuals. Having a registered business can grant you access to government support financially and in a multitude of other ways. Most notably is the way governments offer lowered rates on telephony and internet related subscriptions for SMEs coming up in the UK which can also be a great financial boost for many businesses.

2.    Financial Lending Institutions

In the UK, there are quite a number of financial institutions available that offer monetary lending services. Banks are the obvious choices here but there are also investment banks which are a whole different thing from the banks many of us are used to. Read More...

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I’m studying abroad and have been using Ultima Finance for receiving money from my dad for the last 2 years. I have never faced any issues and always received the payments quickly and directly into my bank account. I recommend them for all international transfer services!
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Happy Clients

We have helped many with their money transfer needs! Read what some of them have said about us!

Ultima Finance is a promising company when it comes to money transfer and forex exchange services. They have always provided me with quality service backed up with customer support in case of any issues. I have been a regular customer of their service since long!
By Sarah J. Snipes
Guimar Retail and Distribution