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...
A sponsor is more commonly known in New York by another term, the real estate developer. And to put it simply, a sponsor is the original holder of the unsold shares or the condo units in a building located in the USA. A sponsor or developer may or may not be one...
Damalion has launched a new online guide about the RAIF (reserved alternative investment fund). The Luxembourg RAIF belongs to the family of unregulated investment funds. The RAIF is subject to the Luxembourg Law of 23 July 2016 (the RAIF Law) and the AIFM law...
The NYC mansion tax is a residential real estate transfer tax imposed on property purchases with a price over a specified dollar amount, and for most New Yorkers the mansion tax is one of the biggest potential closing costs when buying a condo, co-op, or...
The Malta Aircraft Registration Act of 2010 is the essential wellspring of Maltese Law on airplane registration. The demonstration gives the arrangements of the Cape Town Convention on International Interests in Mobile Equipment, which means to normalize exchanges...
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...
Damalion has issued a new online guide to help international investors who wish set up a Luxembourg holding and finance company to manage their investments inside and out site European Economic area. Luxembourg SOPARFI is still very popular among international...
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...
United States of America, being largest economy, is also termed as house of Innovative Ideas and creation of new technologies, that have revolutionized the world in technological, economic and social sectors. It is due to favorable laws and unending opportunities to...
