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HOW TO FORM A CAPTIVE IN BARBADOS The Exempt Insurance Act, Insurance Act and Companies Act is the main statutes governing the way that a Captive does business in Barbados. Two kinds of Captive structure
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What is 2 palm - how?
2 palm is a form used for reporting foreign financial accounts. It is used to disclose information about foreign accounts that meet certain thresholds.
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Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file Form 2 palm.
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2 palm requires the reporting of the account holder's identifying information, the name and address of the financial institution where the account is held, and the highest value of the account during the reporting period.
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