Privacy Policy | gbo-il en - your single corporate services source

GBO International Financial Services – Privacy  & Cookies Policy

Last Updated: June 1, 2018

By using the Services, you consent to GBO International Financial Services Ltd. use of your information in accordance with this Privacy Policy that meet our duties under the “General Data Protection Regulation” (GDPR). We will not use or share your personal information with any third party except as described in this Privacy Policy.

Regarding privacy policies and provisions, this Privacy Policy will prevail, despite everything else stated in other documents.

For the Terms of Service, please visit

Who We Are and How to Contact Us

GBO International Financial Services Ltd. (hereinafter: “GBO”, “We” or “Us”) is a service provider company. We offer B2B assistance in setting up International Businesses, eCommerce, Online businesses and more.

GBO offers assistance with external processes such as company formation and opening bank accounts, as well as locating company nominee services and payment services (hereinafter: “Services“). Please note that We do not offer services to binary options industries and We are not a bank and/or a payment provider.

GBO is a data controller. This means that GBO determines what data is collected, how this data is used and how the data is protected.

Our registered office address is: 65 Yigal Alon Street, Tel Aviv, Israel 6744316.

If you need any clarifications about how We process personal data, or would like to exercise your data subject rights, please email Us at: [email protected].

Alternatively, you can contact Us at our global HQ in Tel Aviv, Israel using the following postal address or telephone numbers:

GDPR Compliance Manager
65 Yigal Alon Street, Tel Aviv, Israel 6744316.

Telephone:  +97235104257
Fax: +97235104250

Companies and Websites Within Scope

The following companies and websites are within scope for this Privacy Policy:

This Privacy Policy applies only to GBO. The Services may contain links to other websites not operated or controlled by GBO. Please remember that when you use a link to leave from the GBO websites mentioned above to another website, our Privacy Policy is no longer in effect. Your browsing and interaction on any other websites, including those that have a link on our website, is subject to that website’s own rules and policies. Such third parties may use their own methods to collect information about you.  We are not responsible for the data collection policy and methods in such websites.

Collection of Personal Data

We collect personal data from you for one or more of the following purposes:

  • To provide you with information that you have requested or which We think may be relevant to a subject in which you have demonstrated an interest;
  • To initiate and complete commercial transactions with you, or the entity that you represent, for the purchase of Services;
  • To fulfil a contract that We have entered into with you or with the entity that you represent;
  • To ensure the security and safe operation of our websites and underlying business infrastructure, and
  • To manage any communication between you and GBO.

The table below provides more detail about the data that We collect for each of these purposes, the lawful basis for doing so, and the period for which We will retain each type of data.

Lawful Basis for the Processing of Personal Data

The table below describes the various forms of personal data We collect and the lawful basis for processing this data. We have processes in place to make sure that only those people in our organization who need to access your data can do so. A number of data elements are collected for multiple purposes, as the table below shows. Some data may be shared with third parties and, where this happens, this is also described below.

GBO does not collect any “Special Categories of Personal Data” which is defined as follows: personal data, revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, trade-union membership; data concerning health or sex life and sexual orientation; genetic data or biometric data; information about criminal convictions and offences.

The Services are not intended for children below 18 and GBO does not knowingly collect or solicit personal information from anyone under the age of 18 or knowingly allow such persons to register with the Service.

You can ask Us to stop sending you marketing messages or modify your email preferences at any time through any of the following methods:

  • by following the opt-out links on any marketing message sent to you; or
  • by contacting Us at any time using the contact details motioned above.

Purpose of collection

Information category

Data collected

Purpose for collection

Lawful basis for processing

Data shared with?

Retention period

1. To provide you with information

Subject matter information

Personal name, company name, geographic location, email address, business sector.

To provide appropriate online or email information about products and Services that you have requested

Contractual fulfilment

Internally only

Maximum 8 years from the date the information is collected.

6 months if a marketing email is left unopened

To provide further, related, online or email information and ongoing news updates in relation to the identified area of interest

Legitimate interest

Internally only

Telephone number

To provide appropriate telephone information about products and Services that you have requested and to follow-up to ensure requested information meets needs and identify further requirements

Contractual fulfilment   and Legitimate interest

Internally only

Personal contact information as provided through website forms or at trade shows or any other means.

General mailing list subscription


Internally only

2.Transactional information

Transaction details

Personal name, company name, physical address, email address, telephone number, bank account details (for credit accounts), ID number of certification and all other details and personal data that is require in order to fulfill our contractual agreements

To process our Services as mentioned in the contractual agreement between Us

Contractual performance

Internally only

Maximum 8 years from the date of the performance of the contract.

6 months from the date the data subject has input personal information but has not proceeded with a transaction.

7 years for VAT records from the performance of the contract

For accounting and taxation purposes

Statutory obligation

Internally and other third parties as mention in the contract between Us.

Documentation should any contractual legal claim arise

Legitimate Interest

Internally and other third parties as mention in the contract between Us.

3. Security

Security information

Technical information, as described above, as well as any other information that may be required for this purpose

To protect our websites and infrastructure from cyber-attacks or other threats and to report and deal with any illegal acts

Legitimate interest

Internally, forensic and other organizations with whom We might contract for this purpose

Relevant statutes of limitation


Contact information

Personal name, company name, contact details, identification details

To communicate with you about any issue that you raise with Us or which follows from an interaction between Us

Legitimate interest

Internally and, as necessary, with professional advisers

Relevant statutes of limitation

Storage of Personal Data

GBO is an Israel-domiciled organization whose primary offices are in Israel.

  • The majority of our websites and web applications are hosted in Israel or in the European Union.
  • Our customer relationship management, marketing and accounting systems are in Israel.
  • We use a Cloud Service Providers (CSPs) as part of our processing environment. Unless We specifically state otherwise, We are, in respect of all these CSPs, the data controller.
  • Unless We specifically state otherwise all of the CSPs that We use are Israeli located processing facilities.
  • We operate a data retention policy in respect of all data, whether paper-based or digital and those aspects of it which relate to personal data are contained in the table above.

Security Measures

GBO has appropriate security controls in place to protect personal data. Risk assessment, including assessing risks to the rights and freedoms of data subjects, is at the heart of our Information security management system (ISMS). We limit access to your Personal Data to those employees and other staff who have a business need to have such access. All such people are subject to a contractual duty of confidentiality.

We do not, however, have any control over what happens between your device and the boundary of our information infrastructure. You should be aware of the many information security risks that exist and take appropriate steps to safeguard your own information. We accept no liability in respect of breaches that occur beyond our sphere of control.

We have put in place procedures to deal with any actual or suspected Personal Data breach. For your information, We are obligated to inform you and the supervisory authority within the European Union regarding breach of your data or a risk of breach of your data within 72 hours of discovering the breach.

Your Rights Relating to Your Personal Data

As a data subject whose personal information We hold, you have certain rights. If you wish to exercise any of these rights, please contact Us using the details provided above. In order to process your request, We will ask you to provide two valid forms of identification for verification purposes. If you are within the European Union, your rights are as follows:

  • The right to be informed: As a data controller, We are obliged to provide clear and transparent information about our data processing activities. This is provided by this Privacy Policy and any related communications We may send you.
  • The right of access: You may request a copy of the personal data We hold about you, free of charge. Once We have verified your identity and, if relevant, the authority of any third-party requestor, We will provide access to the personal data We hold about you as well as the following information:
    • The purposes of the processing;
    • The categories of personal data concerned;
    • The recipients to whom the personal data has been disclosed;
    • The retention period or envisioned retention period for that personal data, and
    • When personal data has been collected from a third party, the source of the personal data.

If there are exceptional circumstances, regulatory, legal based or other, and We refuse to provide the information you requested, We will explain the reasons for the refusal. If requests are frivolous or vexatious, We reserve the right to refuse them. If answering requests is likely to require additional time or occasions unreasonable expense (which you may have to meet), We will inform you promptly.

  • The right to rectification: When you believe We hold inaccurate or incomplete personal information about you, you may exercise your right to correct or complete this data. This may be used with the right to restrict processing of your personal data to make sure that incorrect/incomplete information is not processed until it is corrected.
  • The right to erasure (the ‘right to be forgotten’): Where no overriding legal basis or legitimate reason continues to exist for processing personal data, you may request that We delete your personal data. This includes personal data that may have been unlawfully processed. We will take all reasonable steps to ensure erasure.
  • The right to restrict processing: You may ask Us to stop processing your personal data. We will still hold the data, but will not process it any further. This right is an alternative to the right to erasure. If one of the following conditions applies you may exercise the right to restrict processing:
    • The accuracy of the personal data is contested;
    • Processing of the personal data is unlawful;
    • We no longer need the personal data for processing, but the personal data is required for part of a legal process, and
    • The right to object has been exercised and processing is restricted pending a decision on the status of the processing.
  • The right to data portability: You may request your set of personal data be transferred to another controller or processor, provided in a commonly used and machine-readable format. This right is only available if the original processing was on the basis of consent, the processing is by automated means and if the processing is based on the fulfilment of a contractual obligation.
  • The right to object: You have the right to object to our processing of your personal data where:
    • Processing is based on legitimate interest;
    • Processing is for the purpose of direct marketing;
    • Processing is for the purposes of scientific or historic research;
    • Processing involves automated decision-making and profiling.
  • Withdraw consent: This right only exists where We are relying on consent to process your personal data. If you withdraw your consent, We may not be able to provide you with access to the certain specific functionalities of our website and Services. We will advise you if this is the case at the time you withdraw your consent.

We may also collect, use and share “Aggregated Data” such as statistical or demographic data for any purpose. Aggregated Data may be derived from your Personal Data, but once in aggregated form it will not constitute Personal Data for the purposes of the GDPR as this data does not directly or indirectly reveal your identity. However, if We combine or connect Aggregated Data with your Personal Data so that it can directly or indirectly identify you, We treat the combined data as Personal Data which will be used in accordance with this Privacy & Cookies Policy.


Use of Cookies

Please note that we use “cookie” technology and users’ IP addresses to customize and enhance Your online experience on the Platform. Read more here


Changes to This Policy

GBO will occasionally update this Privacy Policy. When We do, We will also revise the “Last Updated” date at the top of the Privacy Policy. If We make any material changes to this Policy, those changes will be posted here so that You are always aware of what personal data and information is collected, how that data and information is used, and under what circumstances that data and information may be disclosed. Your continued use of GBO’s website and Services following the posting of changes to this Policy would confirm your acceptance of such changes.


If you would like to submit a complaint regarding this Privacy Policy or our practices in relation to your personal data, please contact Us using the details provided above. All complaints will be treated in a confidential manner.

We will reply to your complaint as soon as We can.

Should you feel unsatisfied with our handling of your data, or about any complaint that you have made to Us about our handling of your personal data, you are entitled to escalate your complaint to a supervisory authority within the European Union.

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Ygal alon 65 st, Tel Aviv, Israel

 | Skype: gbointernational | Phone: +972 351042570 |  Email: [email protected]


The opinions expressed on this page are the views of the author(s) and do not necessarily reflect the views of GBO International Financial Services (“GBO”). Responsibility for the information and opinions expressed lies entirely with the author(s). We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services, or related graphics contained on this page for any purpose. Any reliance you place on such information is strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website and/or reliance on any content contained therein
GBO does not provide any tax consultation and the information provided should not be seen as a substitute for professional consultation with the appropriate experts. We do not take responsibility for any harm caused as a result of using the information provided herein. All the information provided on this site is general and is not intended to pose a particular opinion and/or be seen as legal advice. You may not duplicate, copy, photograph, record, translate or transmit any of the material on this site without the written permission of the site owners.

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