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Ways in Which A House Can Be Sold Faster

People moving to a new stage in life and need to sell their home, it is important to put in mind that the process is not an easy one. Advertising, a home day after day, turning into weeks or even months, is a concern most sellers have when putting their homes in the market. For a house to standouts in the market, sellers should put into place several things to make their property stand out. Below are tips to follow for the fast selling of a home.

Work with the best real estate agent. Having the ideal real estate agent is ensuring their track record in house sale is solid. Displaying a home in a way buyer will fall in love, being familiar with the market trends of that area and neighborhood are some of the things an agent should be well knowledgeable. The agent should work with other professionals such as photographers who will be used to take amazing photos of the home. Be sure the agent is prepared to promote the house on every platform especially online. The agents should be available to offer assistance through the complex home buying process and ensure that everything goes well.

Get rid of personal items and declutter the house. Before a photographer takes photos or potential buyers shows the home, ensure that all personal items are removed from the house, clean and declare. buyers imagine themselves living in the space when personal items are removed. A great selling point is maximizing the space in the home by cleaning and removing clutter. Sellers should not forget to put everything inside garages or closets. Closets and garages are places potential buyers will look to know the storage space and layouts in a house. Storage space and square foot will not be easily seen if other items and boxes hide them.

Setting the right price. Have a talk with your real estate agent on the right price for your house. The house condition, the current market, the neighborhood and other factors will be what determines a fair market price. Price your house accordingly by researching in the neighborhood what other similar houses are going for. Put in mind any upgrades made to your house. Talk to your real estate agents on placing the best price to sell quickly.

Take photographs, stage the house and do visual tours. For a house to be desirable to buyer’s agents should know how well to-stage it with help from an agent.

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Offshore Online Banking Guide – Critical Information You Must Know

There are several legal and regulatory compliance implications with offshore banking that I’d like to cover in this article. However, please don’t construe information on this site as legal guidance. I am providing this information for free based on my own experiences. Please consult your professional attorney or CPA (accountant) before you get involved with offshore internet banking.

What is an Offshore Bank

To be over simplistic, an offshore bank is a financial institution outside the shores of your country. If you are in Australia, a bank in the United States is an offshore bank to you. If you are in the United States, a bank in Singapore is an offshore bank to you. Therefore, the idea of offshore banking is relative.

A business or an individual, in this case you, may select an offshore bank account in a jurisdiction that is typically favorable in terms of taxes (often referred to as a tax haven by media), as well as in terms of legalities. In addition to choosing a jurisdiction with no to little income tax, for many, privacy and “secrecy” of banking activities are two of the bigger key considerations.

It goes without saying that access to your funds is important, as well as protection from corruption and stability in terms of certainty.

List of Common Offshore Online Banking Services

This is a brief list of services offered by offshore banks. This list is by no means a full comprehensive list of an offshore bank’s offerings, but rather a list of some of the most common offshore online banking services that businesses and individuals are offered:

  • Remote Deposits of funds
  • Direct Deposits of funds
  • ACH / Wire Transfers / EFT – Electronic Fund Transfers
  • Consumer and Commercial Lending
  • All Basic Credit Activities
  • Access to Capital – Offshore Debit Cards
  • Forex – Currency Exchange
  • Wealth Management
  • Offshore Trading Account
  • Offshore Brokerage Account
  • Administrative Services
  • Trustee Services

Note: Offshore banks typically tend to focus on either consumer or commercial banking. Within consumer, banks differentiate between retail consumer (the average individual) or private banking (meant for high net worth individuals).

Because each concentration involves a different cost structure from the bank’s perspective, when selecting an offshore bank for yourself, be clear on what type of consumer you are and what offshore online banking services you need. Gaining this clarity will ensure you are not disappointed in your choice.

List of Common Offshore Banks

No doubt the two most common names in offshore online banking are Switzerland and Cayman Islands. Just pick up any business journal or pop in a business based Hollywood flick. There is likely a mention of a Swiss bank account somewhere.

This is because as of at least 2012, these two jurisdictions held the most number of total deposits amongst all offshore online banks. Some other jurisdictions that offer offshore online banking are the following:

  • Singapore
  • Malaysia
  • Panama
  • Cook Islands
  • Dominica
  • Saint Kitts and Nevis
  • Antigua
  • Malaysia
  • Anguilla
  • New Zealand
  • Luxembourg
  • Bahamas
  • Barbados
  • Bermuda
  • British Virgin Islands
  • Cyprus
  • Cook Islands
  • Channel Islands
  • Monaco
  • Mauritius
  • Hong Kong
  • Malta
  • Macau
  • Regulating Offshore Online Banking

With complexity comes increasing regulation. The regulation around offshore online banking activities has steadily increased over the years, but according to many of its supporters it is still not enough. This means much more is in the pipelines. Regulation has particularly increased significantly after the significant events of September 11, 2011.

Regulatory guidance is issued and monitored by global bodies such as the International Monetary Fund or the IMF, who require financial institutions worldwide to maintain a certain level of operating or performance standard, specifically in terms of capital adequacy and liquidity. These key performance indicators are to be reported by banks on a quarterly basis to its designated regulator (such as the Fed or the FDIC in the United States).

The list of regulations is endless and quite comprehensive to say the least. Some notables are the Anti Money Laundering (AML) regulation and the Bank Secrecy Act (BSA). These acts require banks and financial institutions to immediately report suspicious activity resembling money laundering to local government authorities despite stepping out of the BSA jurisdiction.

Another example is the information sharing requirements between a certain group of countries with regards to capital flow and taxation which was initiated by members of the European Union. On the other side of the pond, the taxing body of the United States, the Internal Revenue Service (IRS) requires financial institutions to report to it names of businesses and individuals who benefited from interest income resulting from deposits in US based institutions.

The most notable in my opinion of recently enacted regulations is the US Patriot Act, which permits the US Government to seize all assets of a financial institution if it suspects that the institution holds assets that belong to a potential criminal. Several other countries have since followed suit.

I personally feel these regulations strengthen the global banking infrastructure. But then again I am just one person. There are others who feel in all sorts of ways about offshore online banking.

Interesting Fact: Did you know that just until the 1990s, individuals were allowed to create their very own offshore banks. This practice was stopped and now only large institutions are allowed to do so.

Connotations and Implications of Offshore Online Banking

It is not illegal to conduct offshore online banking, but such activities tend to carry with them a certain set of connotations and legal implications that you must be aware of and comply with. There can be severe fines, penalties and legal repercussions if you fail to comply with the legal and regulatory requirements.

Why you must be thinking? Because offshore banking historically has been used and abused by those who intended to evade taxes, as well as those that used funds for illegal causes. For example, organized crime networks heavily use offshore online banking to launder money.

But like I said, conducting offshore online banking isn’t an illegal activity. All persons conducting offshore online banking are required by most countries (depending on their residency) to disclose the activities and the outcomes, such as interest income for example.

Specifically in the United States for example, a US resident’s income is taxed on a global basis. This means that even interest earned overseas is subject to taxation by US authorities. Now although financial institutions are not required to disclose this information to countries of interest due the bank secrecy guidelines, individuals are required to disclose this information.

Similarly, one can legally avoid taxes in certain situations. For example, a resident of Country X living and working in the United Arab Emirates (UAE) may not have to pay taxes if Country X does not tax the individual’s global income.

Because there is no taxation on income earned in many Arab nations, interest income earned from deposits in a UAE bank account is not subject to tax. Further, the income is also not taxed in Country X. This is a common reason why so many affluent folks change residency and citizenship status, one that resonates most with their financial goals and objectives.

It’s a very interesting dynamic and there is a ton of opportunity for strategizing as you can imagine.

Dollar Concentration in Offshore Online Banking

Although offshore online banking is not a subject delved into by the average individual, the numbers involved (concentration of wealth and financial activity) are quite significant. You may find a lot of these simply fascinating.

For example, specialized banking economists and analysts indicate that half of the global capital (money) flows through one of the many offshore banks out there. The so called Tax Havens (think Switzerland) have over a quarter of the global wealth (think high net worth individuals and big companies). These Havens also hold over 30% of profits generated by companies based in the United States.

And that’s not it. Over 6 trillion US dollars owned by high net worth individuals are also reported to be held in offshore bank accounts in one shape or another.

Illegal Monies in Offshore Bank Accounts

Opportunists have identified weaknesses in the offshore banking system and thus have taken advantage of the systems to launder monies generated through illegal means and used for illegal purposes. According to the IMF, this amount is as large as 1.5 trillion US dollars on an annual basis. To put things in perspective for you, this is roughly 5% of the world’s total Gross Domestic Product (GDP).

In addition to illegal monies, there are also monies that have evaded taxation as well as monies that were generated through fraud, graft and corruption. All in all, the amounts are super significant. And as I stated above, the two jurisdictions with the biggest concentration of these amounts are the Cayman Islands and Switzerland (as of 2012).

Offshore Internet Banking for Corporations of All Sizes

I have already stated this earlier, but offshore online banking is not only for large companies, but companies of all sizes as well as individuals. There are a certain set of requirements that any institution, an individual or a company have to meet in order to open and maintain an offshore bank account.

In fact, it is easier for individuals to open and maintain an offshore bank account before companies are required to complete additional forms in a specific manner when establishing an offshore internet bank account.

Corporations typically engage in offshore online banking when they contemplate one or any mix of the following purposes.

  • Cost containment (bank fees and charges)
  • Paying and receiving payments from vendors and customers in local jurisdictions
  • Asset protection strategies
  • International acquisitions and investments
  • Compensating local employees in an offshore jurisdiction
  • Political reasons – Stability and predictability
  • Establishing a local business presence
  • Again, this is not a comprehensive list of why companies engage in offshore online banking. There are several other reasons why a company may decide to establish an offshore bank account. The only true way to find out the best offshore bank for you, and whether your objectives will be met through offshore internet banking is by speaking to a professional who can walk you through the entire process.

Concluding Thoughts on Offshore Internet Banking

I gave you a ton of information to read and digest in this article. As you have read, offshore internet banking is used by several different constituencies for several different purposes with several different intentions.

There are some significant advantages that can be derived from opening an offshore bank account such as entering new global markets and some serious offshore tax planning. I obviously recommend opening an offshore bank account for the right reasons, with full compliance with laws and regulations. For those contemplating abusing the system, understand that bank secrecy is a weakening concept, and one that will continue to weaken over the years.

Countries are increasingly sharing information, some voluntarily and some while succumbing to pressure by more powerful nations such as the United States.

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Advantages Of Gaming

In the world today many people have adopted to the culture of gaming.Gaming in as much as it provides the entertainment aspect it also has so many benefits. Gaming is good for people as it; enhances the memory of the person, improves the attention and concentration, it helps one as it is a good source of learning, the brain speed is improved, multitasking skills are also enhanced, it improves the social skills, coordination is improved, and problem solving skills are improved. The first step when thinking about getting gaming gear is getting the console of gaming PC itself. The choice of the accessories to use in the gaming or the gaming gear, it is essential to get what is appealing to you and matches what you are looking for and similar to the gaming PC.
Advantages of good gaming gear are; makes you feel as if you are in the game with the headphones and the realist graphics that it has, enhances the gaming experience with the right gaming gear, allows for flexibility as you can play a variety of games using the gaming gear, the cost in the long run is less because when you invest in good gaming gear you do not need to buy it later on, performance is improved in the game which can help you enhance your gaming skills, and quality is improved by choosing the appropriate gaming gear and its accessories.
Picking the right gaming gear becomes easier when you have tips to guide you and factors that you can consider such as; checking the product reviews online, looking for discounts and deals, the cost, and the type of gaming gear that you want.
Reviews are essential in helping you to know the gaming gear’s efficiency after using it, if it matches what the seller promised and also what product is hot in the market.
Discounts and deals are also another determining factor when buying the gaming gear as they help in saving you some money than what you were to previously spend, in this the products that you could not afford before are now within your reach.
Choosing the gaming gear based on cost is a wise decision as it comes along with consideration of other factors such as the quality of the product, the cost should be something the buyer can afford while still being within his budget.
When you are shopping for the gaming gear it is important to know what exactly it is that you are looking for which come in many types such as; gaming monitor, headphones, gaming PC, mouse, pad, keyboard, gaming chair and gaming router.
One also has to conduct their research online to get more information on where they are likely to get the best gaming gear and the current trends in the gaming gear.

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Importance of Visiting the Best Drugs and Alcohol Detox Center

Getting addicted to drugs and alcohol is something that usually affects everyone around you. Most of these are usually life distracting especially because they use your level of productivity. Having the right relationship with your family becomes difficult also because of the challenges of relating with you. Because this is not a good thing, you always have to find a solution that is going to work. It is always important to realize that there are a number of solutions that you could use today. One of the things you would realize is that you can always work with companies that are going to provide you with drugs and alcohol detoxification. You’ll be able to get all of the solutions when you go to the best drugs and alcohol treatment center. It will be very important for you to ensure that you have been able to find the best facility possible. Knowledge on the facilities that are available can be given when you decide to use the Internet. One of the biggest advantages is that the right facility will be able to give you the best services.

When you go to the best center of recovery, you’ll be able to get some is very critical because that is what is going to encourage you to keep going on. Using one or more of the different solutions that are going to be provided by the facility will also be critical, they have options. These drugs usually cause you to have a lot of toxins in your body, going through a detox program is one of the options. In addition to that however, you should also be able to get a partial hospitalization program for the facility. This program is usually very important especially because you’ll be able to get off campus housing. Getting to practice life skills will also be one of the biggest things that you realize.

Intensive treatment is also available from the facility and it is going to allow you to get outpatient services. Another advantage of these programs is that they provide residential treatment services whereby, you’ll be able to get a comprehensive set of services. One of the things you realize is that the residential treatment program means that you will be able to get a lot of care during the day or night.

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