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Introduction: Currently, the CRS and FATCA requirements for global tax information reporting are becoming increasingly stringent, with enhanced enforcement. The automatic exchange of tax-related information for tax residents of contracting countries has developed into an operational and rigorous set of standards and procedures. Against this backdrop, a growing number of high-net-worth families and enterprises worldwide are choosing to invest overseas by establishing funds within the EU. This approach not only provides access to global investment opportunities but also achieves investment objectives such as risk diversification, enjoying comprehensive financial regulation, and legitimate tax optimization. Next, Ouxin will provide a brief introduction to the main types of EU funds, including fund categories, required financial partners, and the requirements for establishing a fund management company. Main forms of funds in the EU (including the UK): 1) AIF (Alternative Investment Fund) 2) UCITS (Undertakings for Collective Investment in Transferable Securities) 3) Other new types of funds 1 - EU (including the UK)

According to statistics from the Financial Conduct Authority (hereinafter referred to as FCA), 4% of adults in the UK use electronic money for payments. This figure has increased nearly 300 times over the past 20 years. Despite the rising usage of electronic money, many people are unaware that they are using it. There is little understanding of the difference between electronic money and bank deposits. Due to this widespread objective phenomenon, the FCA recently sent a letter to all CEOs of electronic banks, requesting them to clearly explain these differences to their customers. Next, we will provide a detailed introduction. NO. 1｜Unveiling the "Mystery" of Bank Deposits It may be a misconception rooted in traditional thinking that people often take for granted that deposits mean safekeeping, entrustment, or trust. They believe they have the legal right to use the funds deposited in their bank accounts. However, a closer look at the legal definition of deposits might surprise us. A deposit refers to the depositor's...

Oushin Consulting Oushin Offshore Asset Allocation Consulting 1 week ago Recall, how long did it take you to get a bank card last time? Ten minutes? Half an hour? Think about it, if you were opening an account at a bank in China and it took more than an hour, wouldn't you want to file a complaint? But let me tell you, if in Europe, any bank can issue you a bank card within an hour, you should definitely present them with a banner of commendation. Take Ireland as an example, whether you are opening a personal account or a business account, it is a very cumbersome process: ① Appointment: Whether for a personal or business account, you need to make an appointment with the bank first, which requires the customer to wait 1-2 weeks. ② Face-to-face meeting: After the appointment, the bank will schedule a time with you, and you need to bring all the necessary documents to the bank. (Note: Your documents must be correct, and you must arrive at the bank on time, otherwise the bank will not assist you. If you wish to continue the process, the bank will help you schedule another appointment.)