Mindblown: a blog about philosophy.

  • SCOTTISH LPs: THE IDEAL EUROPEAN ENTITY FOR INTERNATIONAL MERCHANT ACCOUNTS

    SCOTTISH LPs: THE IDEAL EUROPEAN ENTITY FOR INTERNATIONAL MERCHANT ACCOUNTS

    Due to restrictions imposed by the card associations, acquiring banks are normally not allowed to open merchant accounts for companies outside their jurisdictions. For example, Panama banks are only allowed to open merchant accounts for Panama companies, Belize banks only for Belize companies, Hong Kong banks only for Hong Kong companies etc. The exception is…

  • LATVIA: Modern E-Commerce Infrastructure in the Newest Eurozone Member

    LATVIA: Modern E-Commerce Infrastructure in the Newest Eurozone Member

    In times of crisis, a little old country with a young and fresh spirit has shown us how to overcome adversity. Latvia is much more than a former member of the Soviet Union – it’s a democratic, positive and extremely creative country, with a solid and well-managed economy showing significant growth. Since 1st January 2014…

  • Nominee Directors in Offshore Merchant Accounts

    Nominee Directors in Offshore Merchant Accounts

    The use of nominee directors is common practice in offshore structures. It is practical and completely legitimate. But, does this practice cause disadvantages when it comes to offshore e-commerce? Not really – the only thing we should take into consideration when planning our offshore financial structures is the fact that acquiring banks and processors will…

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