Hermes Bank in Saint Lucia is Undergoing Liquidation
The international bank Hermes Bank Limited, based in Saint Lucia, is currently (as of April 2026) in the process of compulsory liquidation. The proceedings were initiated in 2025 by the […]
Tag: Bank
Automatic Exchange of Financial Account Information in the UAE
Automatic Exchange is a global network for sharing financial account information between the tax authorities of different jurisdictions. This overview explains who is affected, how the process works, and the
Opening a UAE Bank Account for a DMCC Gaming Studio: A Dubai Banking Journey
Opening a UAE bank account can be straightforward in principle, yet complex in practice when timing, document readiness, and bank expectations must align. This case shows how we helped a
Opening an Emirates NBD personal bank account in Dubai with one day on the ground
Opening a personal bank account in the United Arab Emirates can be straightforward on paper, but timing, document standards, and bank approvals often slow it down in real life. In
Opening a Serbia Business Bank Account for EU Trade
A Moldova-registered electronics retailer asked us to open a Serbia business bank account to support European settlements and diversify financial risk. The company had tried to approach banks directly but
Top Countries for Setting Up a Payment Institution (Obtaining an MSO or EMI Licence)
In recent years, the financial services market has changed significantly due to the rapid growth of the fintech sector. Increasingly, companies are building their own payment systems, offering solutions for
Opening a Personal Bank Account in the UAE: a One-Week Journey
Opening a personal bank account in the UAE can be quick, but only when expectations, documents, and bank requirements line up from the start. In this engagement, we helped an
Securing Dedicated IBAN Payment Accounts for a UK Trading Partnership
Opening payment accounts with dedicated International Bank Account Number details can be straightforward for many companies, but it becomes more complex when the business model is classified as high risk.
EU removes UAE from high-risk countries list
On 9 July 2025, the European Parliament approved the European Commission’s proposal to revise the list of countries with a high risk of money laundering and terrorist financing. The United
Remote Hong Kong Company Setup That Worked for a Global Family Shareholding
A group of private individuals based across the European Union and several African countries approached us to set up a low-tax company remotely, with reliable global payment acceptance and clear