Money Doesn’t Need Drama

‍An op-ed by Sergii Rabenko, founder of QORE Global, based on his talk at a closed-door online conference of the Future Business Club in the summer of 2026.

Over the past year and a half, I’ve noticed one thing: our clients are tired. Tired of tracking where and how tax rates have changed. Tired of moving from jurisdiction to jurisdiction. Tired of switching their children’s schools just because it’s more advantageous to pay taxes somewhere else. Tired of fighting the banking ecosystem and explaining to lawyers in ten countries where their data will end up and whether it will be exchanged.

Somewhere along the way, we changed our approach at QORE Global. Today our clients live where they want to live. Their children go to school wherever it’s comfortable for them. And the tax rate in any given country has stopped being the main factor in their decisions.

The Solution Is 200–300 Years Old

We haven’t invented anything new. We shifted the focus from the individual to the fiduciary structure — a tool the world has been using for a couple of centuries. For the client, this means they no longer have to adjust their life to fit their tax residency, while still not losing any ability to run their business, and without paying annual fees of €300,000–500,000 to maintain a dozen jurisdictions at once.

It’s important to understand the difference here. Infrastructure isn’t just maintaining a company or a trust. It’s what helps a person properly structure their personal finances and set up the flow of money. And that’s exactly where we’ve made real progress over the past year and a half.

We’ve learned how to build a legal position so that CRS (Common Reporting Standard) information only goes to the countries it’s actually supposed to go to. We started opening client accounts within our own financial institution. It doesn’t matter whether the company is registered in Bulgaria, Andorra, Switzerland, England or the UAE — we handle compliance in-house, and the client is left with the most comfortable experience possible. QORE holds its own payment licenses in England and Canada, we’re a SWIFT member, and clients receive direct IBANs in their own name.

But this solution isn’t for everyone — it was built for holding companies, trusts and funds. We almost never open accounts for private individuals or for operating companies. That’s a different business, and it calls for a different level of compliance.

Not Just for Those Ready to Pay €300K

In parallel, we’ve arrived at simpler tools for people with ordinary, less exotic income. This isn’t just about people ready to concentrate their capital in specific investment instruments and pay whatever it costs just to beat inflation. It’s about people who simply want order in their affairs.

The principle here is simple: we don’t work with jurisdictions like Singapore, Dubai, Wyoming or the Cayman Islands if the goal is tax secrecy for its own sake. We work with reputable, well-regulated jurisdictions.

These days, the smart approach is to look at a client’s actual way of life: where they really live, what documents they hold, what passport they carry, which side of the ocean they’re on — and only then to choose the tools that give that region maximum protection, reliability and durability.

There’s no universal solution. If there were, I’d happily sell it to you. But every single time, we have to work through the specific client’s position in great detail, especially if they have operations in ten or more jurisdictions at once.

We Talk to the Tax Office Ourselves 

This is probably the least popular thing we do, but it’s exactly what protects the client in the long run. We don’t rely on the client’s own opinion, or that of their lawyers or advisors, about their tax status in a given country. We request the position directly from the tax authority itself. And only then, based on that, do we build a personal structure.

There have been cases where the tax authority simply “didn’t see” the client — the person had documents in the country, but as far as the system was concerned, they had nothing there. The practice varies from country to country. With Ukraine, it’s especially difficult.

But I hold a conservative position: if you have any activity in a country, you need to know exactly what’s going on there and, specifically, what the tax authority thinks about it. That’s the starting point that saves you a headache three, five, ten, fifteen years down the road.

The System Hasn’t Gotten More Complicated. We’ve Finally Seen It Clearly

We’ve worked inside correspondent banking for many years, and we see how sending and receiving banks behave on both sides. And I can’t say the system has become more complex. It’s always been this way. Regulation, legislation and document requirements haven’t gone anywhere — but the banking system of the early 2000s doesn’t exist anymore either.

I’m deliberately setting Ukrainian banking aside in this conversation — it’s a separate phenomenon, inconvenient for the retail client on one hand, yet serving a huge market on the other.

For the rest of the world, the rule is simple: if a client’s documents are prepared in advance, if they understand what they’re doing, if their ownership is properly registered and their processes are in order, they won’t have problems with payments.

Forget the Idea of “Getting the Bank Interested”

There’s an old story about needing to somehow get a bank specially interested before it will open you a non-resident account. Our clients are far more down-to-earth than the ones in Monaco, where the bulk of the money is capital of $50 million and up. Our clients operate with amounts that sound modest — $3 million, $5 million, $8 million — which don’t scare the banking system at all, but also aren’t particularly interesting to the banks of Monaco, Switzerland, Luxembourg or Liechtenstein. To some, that might sound like “poverty.” But these are good clients with legitimate businesses, who pay their taxes, hire people and run official payrolls in different countries. Clients like this never have problems with accounts or payments, as long as everything about them is in order.

It’s a completely different story with clients who hold $100 million in cryptocurrency. There, it’s immediately high fees, months of waiting for an account to open, and endless compliance requests. From the client’s point of view, that’s not constructive. In such cases, we suggest first assessing the situation, structuring properly, doing the homework — and only then entering the banking system, strictly within the bounds of the law.

Transparency as a Business Model

We want every transaction that passes through us to be spotless. Let me give you an example from our payment license in Poland. While we held it, not a single payment under €10,000 ever passed through it, and we reported every single payment to Poland’s financial monitoring authority, as required by local law. We did this deliberately, turning away small, questionable payments, because reputation matters more. 

So when people tell me the system has gotten “more complicated,” I honestly answer: there’s no added complication — there’s just poor document preparation.

If the documents are in order, it doesn’t matter which bank it is — a private bank in Monaco or Switzerland, a major American bank, or a bank in Hong Kong. When the bank knows you and you have a normal dialogue with it, a payment goes through in fifteen minutes, forty at most.

Three Key Takeaways

First: don’t let money sit idle. Manage the treasury of your companies and structures with the same care you manage your personal capital.

Second: don’t fear taxes, fear inflation. If you honestly do the math, you’ll find the real damage often comes from somewhere completely different than you expected.

Third: think about capital on the horizon of the family, not of one person. This isn’t only about parents and children in the narrow sense — it’s about recognizing that life is rarely predictable, and the structure you build today needs to outlast both you and the circumstances.

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For confidential consultation: info@qore.global

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