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The
Monetary Authority of Macao (AMCM) was established in 1989 with the function
of a quasi-central bank and the power to supervise the financial system
of Macao. The Financial System Act was promulgated in 1993 with the
introduction of reforms placing great emphasis on preventative actions,
highlighting particularly prudential rules for controlling entry requirements,
monitoring the suitability of qualified shareholders and managers, new
operating risks and consolidated supervision of financial groups. The Act
adopts the recommendations of the Basle Committee on Banking Supervision
and the efforts of the European Union to achieve harmonization in banking
legislation while drawing on the experiences of countries and territories
whose financial systems are similar to Macao's. |
| Create
Financial Freedom |
| Financial
independence offers people freedom, dignity & self respect. Anyone
can create financial freedom with no cost or risk, using Joint Ventures
- This is a proven method |
|
| Guide
To Investing Offshore |
| Expats have
many advantages with the array of offshore investments available to them
- Knowing where to look & what to look for is essential! |
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| Banco
Comercial De Macau |
| provides a
wide variety of high quality financial products and services, ranging from
deposits and loans to insurance and private banking, to private individuals,
corporations and institutional customers, through its network of 15 domestic
retail outlets and other channels. |
|
| Banco
Nacional Ultramarino |
| provides a
range of banking products and services including credit cards, personal
loans, investment services and corporate banking facilities delivered through
a variety of distribution channels and supported by an efficient customer
service. |
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| China
Construction Bank (Macau) |
| our bank offers
a variety of trade financing, overdraft and electronic banking services. |
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| Delta
Asia Bank |
| well-known
for its three core business activities, viz., investment banking , commercial
banking and insurance. |
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| Tai
Fung Bank |
| Deposits ,
Crdit Cards Services, Insurance Agency, Autopay, Loans, Billsm iBanking
Services, Corporate iBanking Service. |
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| Offshore
Corporations Dismantling The Hype |
| An Offshore
Corporation is a paper interface that acts to separate an individual from
direct ownership of assets. What does that mean and how can we make use
of it? The author explains the IBC and its uses in easy to understand
language. |
|
| What
About Gold? - Casey Research Puts Gold Top Of The List! |
|
A
0.25% Interest Rate Will Mean Gold Could Hit $1500 an Ounce... or more
in 2009
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| Offshore
Credit Cards: Convenience Comes with a Cost |
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Until
a few years ago, the typical offshore investor did not have access to the
payment convenience and flexibility associated with a credit card–at least
not from the standpoint of accessing and spending the money he or she had
safely placed offshore.
|
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| Tax
Saving Tips for Expats - Pay Less Taxes |
| Dean Demos
has been a tax professional for over 15 years, specializing in US Individual
Taxation. Hesays, "There are 3 ways to eliminate the double taxation of
your income by your new country and the US: the Foreign Earned Income Exclusion
(FEIE), the Foreign Housing Exclusion/Deduction (Housing exclusion) and
the Foreign Tax Credit (FTC). You can use them separately or together
to get the tax savings." |
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