WPS salary protection system. How to open an account in the UAE and WPS?
When opening a corporate account in the UAE, the bank also provides access to salary payments through the WPS system. In this article we will look at what WPS is…

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Questions to ask a banker before investing
A private bank, managing other people's assets rarely takes a large commission. Often we are talking about 1-2% per annum of the size of the assets. The proposal looks tempting,…

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Good reason to open a foreign bank account

The litigation that is currently unfolding between the Federal Tax Service and Sberbank may be a significant precedent that will affect the entire banking sector in Russia. The FTS accuses Sberbank of dishonest behavior, which is expressed in the fact that the bank refused to perform the functions of the tax authorities and write off funds in paying taxes from the client’s account.
The decision of the court is now closely watched by many account holders in Russian banks. If the court takes the side of the FTS, it may mean that in the near future the requirement to write off taxes from the accounts will be mandatory for all banks. This means that accounts in Russian banks will become an even less secure and confidential way of storing funds. Continue reading

Ways to prevent bankruptcy of commercial banks in Russia
During the years of the crisis, which has lasted since 2014, the financial and economic sector has been severely shaken. After the introduction of restrictive sanctions, the deterioration of the…

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