Austria: A Culture of Privacy
As I described in yesterday's blog entry, Austria has one of the world's strongest bank secrecy laws. Critics of bank secrecy laws claim that they help criminals shield illicit gains…
Why Banking Fees are Higher in Austria than in the USA-and How to Reduce Them
There's no point denying it—banking fees and commissions in Austria—and many other offshore financial centers—are substantially higher than in the United States. Fortunately, there are some ways to reduce them.…
LLCs: A Better Way to Protect Business Assets
Corporations are the traditional way to limit personal liability in a business. A corporation has a separate legal personality from its owners, officers, and directors. This legal personality provides a "corporate…
The Future for Offshore Financial Centres
The economics of offshore financial centres (OFCs) are shaped by classic competitive advantage. Historically, OFC banks have been more innovative, and the OFC's laws more flexible, than banks and laws in other nations.
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