Private Financial Services

Call Directions Website Contact the business

Private Financial Services We create a world without borders - optimizing your business processes and making business stronger and profitable.
(897)

We provide company registration services, asset protection, international tax planning and opening bank accounts.

BVI: Strike-Off on 1 November. Why “Just Stop Paying” Is a Bad Way to Close a Company🇻🇬 Companies incorporated in the Br...
22/10/2026

BVI: Strike-Off on 1 November. Why “Just Stop Paying” Is a Bad Way to Close a Company

🇻🇬 Companies incorporated in the British Virgin Islands between January and June must pay their annual fee by 31 May. If the fee and penalty remain unpaid, the company will be automatically struck off the register on 1 November. Less than two weeks remain until that date.

Many owners close an unneeded company exactly this way: they simply stop paying. And what does this lead to?

❗️What happens on strike-off
🔵 Since 2023, a BVI company is dissolved on the same day it is struck off the register
🔵Assets are lost: any remaining property passes to the BVI Government and can only be returned if the company is restored within five years
🔵Liabilities remain: strike-off does not release the company from debts that arose before dissolution, does not prevent creditors from bringing claims, and for five years does not relieve directors and shareholders of liability
🔵 The company can be brought back: within five years, restoration may be sought by the company itself, a creditor, a shareholder or a liquidator

âś… How to close a company properly
Voluntary liquidation with the appointment of a liquidator costs more, but it delivers the main thing: it closes the question of liabilities for good. Even a complex liquidation must be completed within two years.

📌 In any case, close the bank account and distribute the assets while the company is in good standing. And bear in mind: if you are the owner of a CFC, striking the company off the register does not release you from reporting obligations in your country of residence.

✉️ We will help you close or open a company in the BVI properly, or restore one that has already been struck off

🇲🇺 Mauritius: A Great Jurisdiction for BusinessOctober has been a turbulent month. In France, a wave of protests affecte...
20/10/2026

🇲🇺 Mauritius: A Great Jurisdiction for Business
October has been a turbulent month. In France, a wave of protests affected more than 700 schools and led to around 5,000 arrests. In Mauritius, protests over water supply disruptions and the rising cost of living broke out last week. On 19 October, the Government of Mauritius lifted the curfew, citing a favourable evolution of the situation. Unrest is rare there, and the island is considered one of Africa’s most stable democracies. That is why Mauritius remains one of the strongest jurisdictions for business.

Two company forms:
🇲🇺 GBC (Global Business Company)
🔵 Tax: the standard rate is 15%, but 80% of certain types of qualifying foreign income is exempt from tax. The resulting effective rate on such income is 3%
🔵 Mauritius has no capital gains tax and no withholding tax on dividends
🔵 Condition: real presence — two resident directors and a local office
🔵 Who it suits: holding companies and investment structures, projects for which access to tax treaties matters

🇲🇺 Authorised Company
🔵 Tax: the company is treated as non-resident and pays tax only on Mauritian-source income
🔵 Condition: management is carried out outside Mauritius; substance requirements are lighter
🔵 Who it suits: international trade and service businesses

đź’° VASP Crypto License
Mauritius is one of the most well-developed jurisdictions for crypto outside the EU.
🔵 Regulation: virtual assets are regulated by the VAITOS Act 2021, with supervision by the Financial Services Commission (FSC)
🔵 Flexibility: the law provides for five classes of VASP licenses, as well as registration of token issuers. In other words, the license can be matched to a specific model: an exchange, a custody service, a wallet or brokerage services
🔵 Condition: a physical office in Mauritius is mandatory, and the business must be managed from the island
🔵 Who it suits: crypto projects focused on Africa, Asia and the Middle East that need a recognised license outside MiCA

✉️ We will find the right structure and license in Mauritius for your business

🌍 5 jurisdictions with territorial taxation. Where can foreign-source income be tax-exempt?Panama, Hong Kong, Seychelles...
19/10/2026

🌍 5 jurisdictions with territorial taxation. Where can foreign-source income be tax-exempt?

Panama, Hong Kong, Seychelles, Georgia, and Costa Rica. Five jurisdictions where territorial taxation can offer attractive opportunities for international businesses.

But there is a catch: a foreign client does not automatically mean foreign-source income.

Tax authorities look beyond the company's place of incorporation. What matters is where services are actually performed, management decisions are made, and profits are generated.

That is why the same corporate structure might work well for international trading but be unsuitable for an IT company or an investment holding.

In this carousel, we explore five jurisdictions: their tax principles, key restrictions, and the business models they may suit.

đź’ˇ The key takeaway: territorial taxation is not a universal tax exemption. Its effectiveness depends on your corporate structure and actual business operations.

✉️ Private Financial Services experts can help you select the right jurisdiction for your business model! DM

Ronaldo left the national team. Entrepreneurs, meanwhile, are moving into PortugalThe biggest football story of the week...
12/10/2026

Ronaldo left the national team. Entrepreneurs, meanwhile, are moving into Portugal

The biggest football story of the week is Cristiano Ronaldo’s conflict with Portugal head coach Jorge Jesus. The captain left the national team camp ahead of the match against Denmark and later published an open letter explaining his decision. Even the Prime Minister has reportedly stepped in to help calm the situation.

While some are leaving the Portuguese team, others are building businesses in Portugal. Here is what matters in 2026.

Company formation: fast and affordable

The main corporate form is the LDA, broadly comparable to an LLC. It can be registered online for €220 using standard articles of association, with minimum share capital of just €1 per shareholder.

Corporate income tax is also decreasing: 19% in 2026, 18% in 2027, and 17% from 2028. Small and medium-sized businesses pay 15% on the first €50,000 of taxable profit. A municipal surcharge of up to 1.5% may also apply.

A company ≠ a residence permit — but there is an important nuance

Registering a company does not, by itself, grant residency. For founders from outside the EU, the main route is the D2 visa.

There is no statutory minimum investment amount. However, applicants need a viable business plan, proof of funds, and either an already established company or a clear plan to incorporate one as part of the application.

In other words, Portugal rewards genuine business activity, not purely formal incorporation.

What has changed with citizenship

A new citizenship law has been in force since 19 May 2026. For most foreign nationals, the qualifying period is now 10 years of legal residence. For EU and CPLP nationals, it is 7 years.

The period is counted from the date the first residence permit is issued. Rights attached to existing residence permits, including D2, D7 and others, remain unchanged.

Who Portugal is suitable for

Portugal is best suited to founders who genuinely plan to relocate and build a business with access to the EU market.

Those who were counting on a “passport in five years” should now reassess their planning horizon.

✉️ For all enquiries: DM

🇭🇰 Hong Kong hits records: +122,000 new companies in half a yearWhile the media debate Hong Kong's future, the numbers s...
08/10/2026

🇭🇰 Hong Kong hits records: +122,000 new companies in half a year

While the media debate Hong Kong's future, the numbers speak for themselves. In the first half of 2026, 122,481 new companies were registered — the register hit an all-time high of 1.6 million.

Why business comes here:
🔵 territorial tax:0% on foreign income
🔵 100% foreign ownership, no local director
🔵 remote registration in a few days
🔵 access to 200+ banks and multi-currency accounts
🔵 a "superconnector" with China

Plus a fresh tool: since 2025, re-domiciliation lets you move a BVI, Cayman or Bermuda company to Hong Kong while keeping the same legal entity, history and contracts. No winding-up.

Honestly, the key point: registration is fast, but the account is the critical stage. Banks tightened checks — you need a transparent structure and a clear source of funds. This is where projects most often get stuck.

✉️ We open Hong Kong companies, assist with re-domiciliation and banking. ВЬ

🇪🇺 Binance under EU scrutiny: no MiCA license, but still serving clientsEuropean regulators, ESMA and supervisors in Fra...
05/10/2026

🇪🇺 Binance under EU scrutiny: no MiCA license, but still serving clients

European regulators, ESMA and supervisors in France, Germany and Greece are examining how Binance continues serving EU customers without a MiCA license. The exchange failed to secure one before the transitional period ended on 1 July 2026.

The dispute centres on the "reverse solicitation" exemption. The rule lets a non-EU firm serve a European client only if that client approached it entirely unprompted, with no advertising or promotion. ESMA has already stated the exemption must be read very narrowly and cannot substitute for a license.

Regulators want to be sure the carve-out isn't masking ordinary business in the European market. Some EU customer activity, per the FT, is routed through a Binance entity in Abu Dhabi. If the interpretation is rejected, enforcement including fines becomes possible.

❗️ Worth noting: the review itself doesn't establish a breach. Binance says it is working toward authorisation.

For the market, this is a defining precedent. Its outcome will decide whether reverse solicitation remains a workable route for unlicensed exchanges — or whether the EU closes that door too.

🇹🇷 Turkey continues its crackdown on the “golden passport” programA new wave of investigations is unfolding in Turkey — ...
24/09/2026

🇹🇷 Turkey continues its crackdown on the “golden passport” program
A new wave of investigations is unfolding in Turkey — and it carries an important lesson for anyone considering citizenship by investment. Authorities are revisiting transactions from previous years and reassessing citizenship approvals. For some passport holders, this can become a serious problem even if they were unaware that fraud had taken place.

👥 The scheme uncovered by investigators: properties were sold to foreign investors at artificially inflated prices so that cheaper assets could appear to meet the $400,000 investment threshold. Fake valuation reports and sham transactions were allegedly used.
Cutting corners can become very expensive later.

What the authorities have done
🔵 detained 72 people across 16 provinces
🔵 seized 1,000+ properties, a hotel in Bodrum, vehicles, a yacht and bank accounts
🔵 placed 7 companies under management
🔵 launched procedures to revoke citizenship from people who obtained it in breach of the rules

Turkey had previously revoked citizenship from more than 6,000 people for similar reasons.
The key point is simple: scrutiny of an investment transaction does not end once the passport is issued. Authorities can return to the deal years later and, if the investment requirements were not met properly, revoke citizenship. This may affect the investor’s family as well.

A “quick saving” today can turn into the loss of citizenship a few years later. In investment migration, transaction integrity and reliable partners matter more than a promised discount.
We review every project before presenting it to an investor: the developer, the documentation and the transaction terms.
✉️Interested in obtaining a second citizenship through investment? Contact us in dm

🇺🇸 Two blows to crypto in two days! Wow!This week the US handed the crypto industry a rare double signal. Neither was in...
23/09/2026

🇺🇸 Two blows to crypto in two days! Wow!

This week the US handed the crypto industry a rare double signal. Neither was in its favour.

👊 The first blow — regulatory. On 15 September, the Senate failed a key vote on the CLARITY Act — the law meant to finally set clear rules for the crypto market. It fell short: 49 against 50, with 60 needed. That effectively buries crypto market-structure legislation in the US for this year. The result: years of work and hundreds of millions in lobbying wasted, and the industry left without clear federal rules.

👊 The second blow — monetary. The next day, 16 September, the Fed raised rates for the first time since July 2023 — to 3.75–4%. The cause: inflation stoked by the war with Iran and rising oil prices. And higher rates traditionally weigh on risk assets, including crypto. Bitcoin slid to around $76,000 on the news.

What follows from this. The industry itself put it best: while the US treads water, capital and developers move to where the rules are already clear. Chiefly to the EU with its established MiCA framework, and to other jurisdictions that bet on predictability.

The takeaway is simple and universal. Uncertainty in one country isn't the end — it's a signal to diversify. For a crypto business today, what matters most isn't waiting for the "perfect law" where there is none, but building a structure in a jurisdiction where the rules are already clear.

✉️ We'll help you choose a jurisdiction with clear crypto regulation and build the right structure.

Opening shot of a premium cinematic commercial.Ultra-low-angle camera, almost touching the asphalt, positioned directly ...
21/09/2026

Opening shot of a premium cinematic commercial.

Ultra-low-angle camera, almost touching the asphalt, positioned directly in front of the woman’s feet.

We see only her lower legs and premium chunky sneakers as she walks forward with strong, heavy, deliberate steps along a dramatic mountain road.

The first sneaker lands very close to the lens, filling most of the foreground. The sole compresses slightly against the asphalt. Small stones and dust jump from the impact.

The second foot pushes off behind, showing realistic tension in the calf and natural walking mechanics.

A massive heavy gold chain drags across the road beside her shoes, scraping the asphalt and bouncing slightly with every step. The chain feels extremely heavy and under tension.

The camera smoothly tracks backward at ground level, staying ultra-low and close to the sneakers.

Do not reveal her face yet.
Do not reveal the vehicle yet.
Only subtle hints of the enormous weight behind her through the stretched chain and distant blurred movement.

Golden-hour mountain environment, warm sunset light, cool shadows, alpine road, distant mountains and guardrail softly blurred in the background.

Cinematic 24mm anamorphic lens, extreme low-angle perspective, shallow depth of field, realistic motion blur, subtle handheld vibration, premium automotive-commercial look, Netflix-level production quality, ultra-photorealistic skin and fabric detail, realistic sneaker texture, realistic chain physics, dramatic contrast, soft film grain, anamorphic lens flare.

Mood: strength, suspense, scale, confidence.

Vertical 9:16.

🇵🇦 Panama tops $102 billion — and remains one of the world's most sought-after jurisdictionsPanama has been among the mo...
17/09/2026

🇵🇦 Panama tops $102 billion — and remains one of the world's most sought-after jurisdictions

Panama has been among the most popular jurisdictions for international business for decades — and for good reason. Its economy reached around $102 billion in 2026 per IMF estimates, with GDP per capita near $22,000. The country's strength lies not in population size but in position: ships transit the Panama Canal daily, linking Asia, Europe and the Americas.

What makes Panama attractive for business:
🔵territorial tax — foreign-sourced income isn't taxed
🔵the US dollar as official currency, with no FX risk
🔵over 50 banks and one of the region's largest financial centres
🔵crypto operates through a standard structure — no separate licence required yet

On the recent canal news: due to a seasonal drought, authorities slightly reduced daily throughput — from 36 to 32 vessels. But this is a temporary water-conservation measure, not a repeat of the 2023–2024 crisis. Notably, the canal just posted record revenue — $5.7 billion for the year.

💡 One important detail for business: in May 2026, Law No. 526 was enacted, introducing economic-substance requirements for certain foreign passive income. The era of "empty" companies is ending — a structure must now have real substance.

✉️ We'll help open your Panama company and build a structure that fits the new requirements.

Address

Dubai Silicon Oasis, DDP, Building A1
Dubai

Alerts

Be the first to know and let us send you an email when Private Financial Services posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Private Financial Services:

Shortcuts

Share