Thema von MarkBennett im Forum Dies ist ein Forum in...
The United Kingdom of Great Britain and Northern Ireland or simply the United Kingdom is the largest state in the British Isles and comprises the island of Great Britain, Northern Ireland which is located in the north-eastern part of the island of Ireland and the Republic of Ireland borders many other smaller islands. This country has a long and rich history combined with a liberal, modern and forward-thinking mentality. Due to numerous waves of immigration, Great Britain is culturally extremely diverse. Not only is the UK one of the world's leading financial centers, it has numerous other strong industries that together make up the fifth largest economy in the world and the second largest economy in Europe after Germany.
The UK is currently going through major changes and one can only wait and see what the UK economy will look like once it leaves the European Union. Now we can look at the popular applications from UK companies and why the UK is one of the top destinations for foreign entrepreneurs.
One entry point for the rest of Europe The UK is an important gateway to the rest of Europe. The UK is a major trading partner within the European Union and also has ties to other member states of the Commonwealth of Nations. Access to larger markets is a crucial factor for any business and many foreign entrepreneurs see the UK as the most advantageous location to do business in order to reach as many other markets as possible.
Currently, the UK enjoys being part of the EU single market, which means that UK registered companies can, among other things, trade freely with any member country of the EU single market without tariffs, quotas or trade taxes. This is not only financially beneficial for the UK businesses, it saves time and most importantly - they get a huge customer base. After exiting the European Union, the UK will most likely exit the single market, however trade deals are being negotiated to continue to benefit from the potential customer base in the EU.
Develop new products In 2011, the UK government launched a campaign to encourage a business-led recovery from the recession. The campaign, called StartUp Britain, was designed to inspire and support entrepreneurs. Since then, annual birth rates have increased each year as entrepreneurs value the technical support provided for new product development and other support needed by entrepreneurs. This is just one example of numerous campaigns, think tanks and incubators across the country. In addition, the UK is rich in resources and extremely bright professionals willing to change the world with their business ideas.
Find new customers, suppliers and partners According to the World Bank, Britain is home to more than 65 million people and is one of the few countries in Europe where the population is expected to grow in the future. Entrepreneurs are rightly taking advantage of this large base of wealthy clients.
But the UK is attractive to foreign and local entrepreneurs not only because of the advantages offered by the large local customer base and potential markets, but also because the UK is a perfect location to meet new suppliers and partners for your business. Just like you, numerous other entrepreneurs decide to relocate to the UK every day for the above reasons. Due to the popularity of the English language, foreign entrepreneurs can communicate with each other, as well as with local entrepreneurs, without a language barrier. Numerous trade and business related conferences, shows and workshops are frequently held in the UK, helping to bring together like-minded people with business ideas.
Thema von MarkBennett im Forum Dies ist ein Forum in...
The EU Blue Card is sometimes compared to the US Green Card. The blue color is said to be the color of the European Union flag, for this reason the map should be blue. Its purpose is to give non-EU/EEA citizens a work and residence permit. It offers people the right to fit into the socio-economic landscape and embark on a path that leads to permanent residence in Europe. Put simply, people can live and work in Europe without restrictions if they have a Blue Card.
Purpose of introducing an EU Blue Card It was introduced by the European Commission in 2007, proposed and implemented in 2009 and issued by 25 countries that are member states of the EU. According to Eurostat data, in 2016 most work permits issued were registered in Germany (more than 17,000), France (more than 700) and Poland (more than 600).
The second purpose of the EU Blue Card is to make Europe a more attractive destination for professionals from outside the European Union. A special EU Blue Card program has been created for all EU member states with the exception of Great Britain, Ireland and Denmark, which invites highly qualified people to the EU states. This scheme aims to make Europe the world's most popular migration destination.
This can be guaranteed through equal salaries and working conditions for foreigners, freedom of movement within the Schengen area, socio-economic rights, favorable conditions for family reunification, permanent residence prospects and freedom of association. Obtaining the EU Blue Card has several main advantages. These include very high chances of a permanent residence permit, which entitles you to any kind of employment under easier conditions, equal rights and equal opportunities to work in Europe's largest economy and a huge business market, and easy travel opportunities.
Prerequisites for applying for a Blue Card Although the same basic criteria can apply to all 25 member states of the EU, there are smaller additional criteria that are determined by each member state for itself. In principle, the Blue Card can be applied for if three main requirements are met. These are: non-EU nationality, educational or professional foreigners (highly qualified or skilled workers, researchers, students and trainees) and with an employment contract or binding job offer (seasonal workers, internal transfers). A person can be considered a highly skilled worker if they have an employment contract of at least one year and if they can meet the conditions listed below. If a person is able to meet these mandatory requirements, they will be given an online profile in the EU Blue Card network, which has a dual function – to consult foreigners with employers to offer them an employment contract and to allow foreigners to change their employment contract to submit applications.
In recent years there has been a shortage of workers, which is noticeable in areas such as medicine, technology, computer science (IT), natural sciences and mathematics. This means that foreigners who work in the areas mentioned usually have a better chance of receiving the EU Blue Card.
In addition, a person who is self-employed or an entrepreneur can receive the Blue Card if they have sufficient financial resources, have a business that has a positive impact on the economy of the host country and can generate an economic interest that is active in the host EU -Member State is low.
When applying, it is important to consider the time frame it will take to gather all the required documents. It usually takes 4-6 months to prepare all the required documents. Some countries arrange appointments with the relevant embassies or consulates in foreigners' home countries, others offer online applications that can be filled out by foreigners themselves or their employer or a law firm. It is expected that after applying, the person will have to wait up to 3 months for the processing to be completed.
Thema von MarkBennett im Forum Dies ist ein Forum in...
Canada is generally considered as a country with relatively strict taxation system with no features of an offshore or any other tax-exempt structure. Typically, this is true – most Canadian legal entities are liable to pay taxes on all their domestic and foreign income. Due to this, Canada is perceived by government bodies as well as entrepreneurs as a country with standard taxation system and any legal entity established in its territory – as a reputable and trustworthy vehicle.
Favourable taxation on the territory of Canada There is one scenario, when Canadian legislation foresees a possibility to register a Canadian legal entity and operate within it with a zero tax rate. This is possible via a legal type of business, called Limited Partnership. LP is a partnership with two or more partners. Each LP is required to have at least two partners: General Partner and Limited Partner. Both types of partners can be either a private person, or a legal entity.
A Canadian LP with foreign partners and no business activity in Canada is not liable to taxation in Canada. This is possible due to the fact, that Canadian tax legislation does not perceive an LP as a separate subject of taxation. Instead, taxes should be paid by the partners in their residence country. Since LP is not considered a Canadian resident for tax purposes, this legal entity is not entitled to advantages of Double Tax treaties between Canada and its partner countries.
Possible applications of a Canadian LP holding structure There are several popular uses of Canadian LP:
A regular company for business purposes in Canada, EU, US or any other regulated jurisdiction; An agent working under Sales Agency Agreement; IT support and software development services or other online based businesses, such as marketing, webstore, auction or website development services; A holding company due to beneficial tax exemption for LP. In addition to highly advantageous taxation environment for LPs, there are numerous other benefits to consider before deciding whether Canadian LP is the right choice for your business:
Being a reputable Canadian company; No requirements regarding the residency of partners; No requirements for company secretary to be appointed; No requirements to file annual financial statements; Possibility to establish a one-man limited partnership, where one person is both – the general partner and the limited partner; No requirements regarding minimum authorized capital. Readymade limited partnership (LP) acquisition process If you are not familiar with Canadian company set-up requirements, or simply have no time to incorporate a new LP, you are able to acquire a ready-made, or shelf company. A ready-made company is a legal entity that has been registered some time ago, but no operational activity is taking place in this company, therefore, it is “sitting on the shelf”. When acquiring a shelf company, you are able to acquire a business with reputable age, which inspires more confidence among suppliers, partners, clients as well as financial institutions.
Shelf companies in Canada generally are sold with the Articles of Incorporation, Certificate of Incorporation, Revenue Canada Tax Business ID number, Corporate Organizational Minutes as well as Resolutions, Corporate Minute Book, by-laws and finally – customized stock certificate. The ready-made company is organized according to the client’s wishes with shareholders, directors and officers indicated by him or her. In case you would like to change the company name, this can be easily done upon acquisition of the shelf company. There are three types of ready-made companies in Canada: Federal, BC and Ontario shelf companies. Each of them is different in terms of partner suitability and other requirements. For example, if you are a non-resident, you are allowed to purchase only a BC shelf company.
Advantages of having a Canadian LP structure There are numerous benefits of acquiring a ready-made company. First of all, you are able to acquire an already established company without wasting your time on incorporation documentation and procedures. This also means that you are able to start trading as soon as the acquisition process is complete. Additionally, each company becomes more credible when it ages. You will be able to use this benefit when negotiating with partners, attracting new clients, as well as simply opening a bank account or acquiring a credit.
How to purchase readymade Canadian LP? The easiest way to acquire a ready-made company is through a company that specialises in such services. Typically, these companies acquire inactive companies to keep them “on the shelf” until a potential buyer decides to acquire one of them. Additionally, most of these service providers also incorporate new companies and leave them for some period of time. You are able to acquire a ready-made company in four easy and straightforward steps:
Go online and shop for the most suitable service provider depending on their service package, fees, possible client reviews, credibility and other aspects. Fill an application form and submit it along with all the necessary documents and other information. Pay all the service and government fees. Receive already complete company incorporation documents. From this moment, you are able to start trading. Generally, prices for ready-made companies differ among service providers and become higher with the age of the company. This is due to the fact that older companies take more time of maintenance and they become more credible over the years. Prices are typically calculated per month.
Thema von MarkBennett im Forum Dies ist ein Forum in...
A merchant account is a certain type of bank account which is designed to allow businesses to accept payments made by their clients with a debit or credit card. In other words, a merchant account is an agreement between three parties: a retailer, a merchant bank and a payment processor for the purpose of settling credit and debit card payments. When a customer pays for his or her purchase with a credit or debit card, the funds are initially deposited into the merchant account and eventually transferred further to the bank account of the business. The transfers to the bank account are usually organized on a daily or weekly basis.
Types of Merchant accounts There are various types of merchant accounts that typically can be grouped into two categories and the description of each type gives a rather clear overview which of them would be the most suitable for your business. The main categories of a merchant account are swiped and keyed.
Swiped merchant account is usually used when a business meets its clients face-to-face and during this meeting a client is able to swipe his or her card to pay for the products and services. This type of merchant account is usually described further in respect to the application of the said account:
Retail Merchants – conduct transactions in a retail environment. The customer's card is swiped through a terminal and typically a signature or a pin code is captured; Wireless / Mobile – similarly as retail merchants, but in a wireless environment using a mobile terminal. An example of such a merchant would be a taxi driver or a pizza delivery; Restaurant – similarly as retail merchants but with an additional function – ability to add tips to the charge. According to the name of this type of merchant account, mostly used by restaurants and cafes; Lodging – similarly as retail merchants but the business may adjust the payment amount according to additional charges. This type of merchant account is used by hotels and bed & breakfasts in case a client has used a minibar or other extras. Keyed merchant accounts are used when the customer card's information is taken over the phone or internet (or sometimes even in person) and keyed in by the employee himself. While this application of a merchant account takes more time and is less convenient, it is also less expensive than the previously discussed merchant accounts.
Internet or e-commerce merchants – for businesses that operate through a website and use internet payment gateway service to collect the customer's card information and process it accordingly; Mail & Telephone Order – the customer's card information is delivered over the phone, mail or internet and manually processed through either a credit card machine or virtual terminal; Face to face – this type of merchant is similar to wireless / mobile swiped merchant account, but instead of investing more funds to acquire a mobile terminal, it is possible to take the necessary information of the customer and key it in over the phone. Advantages and disadvantages of a merchant account While it is crucial to choose the most appropriate type of merchant account depending on its intended application for the best experience, there are some general pros & cons to be discussed.
Advantages:
Increased sales – due to higher convenience in comparison to cheque or cash payments; Faster transactions; Security – no risk of theft or unintentional mistakes by employees when working with cash; More choices – the more payment options you offer to your clients, the more convenient it is for them to shop with you; Ability to accept multi-currency credit or debit cards. Disadvantages:
Cost – typically, a business has to pay for each transaction; Delay – customer's funds are first deposited to merchant account and only later transferred to the business bank account; Fraud – there is always a risk of identity theft or internet fraud; Charge backs – it is easy for customers to require a charge back, especially if the funds are still in the merchant account.
Thema von MarkBennett im Forum Dies ist ein Forum in...
The limited liability company in Germany, also known as a limited liability company or simply GmbH, is one of the most common company structures in Germany. It is an extremely flexible structure as it combines numerous legal advantages while having very few limitations. In Germany, the GmbH is subject to corporation tax (KSt), the solidarity surcharge and trade tax.
GmbH can be founded with at least one shareholder, provided that it has a share capital of at least EUR 25,000. The share capital can be deposited in cash, contribution in kind or contribution. As an exception, the shares in the GmbH may neither be sold publicly nor entered on the public stock exchange. The company is managed by the shareholders' meeting. The day-to-day decisions and business are taken care of by the company's board of directors, appointed by resolution of the shareholders' meeting.
GmbH formation procedure in Germany All legal requirements and regulations for the formation of the GmbH are determined by the company law.
Before starting the incorporation process, it is highly recommended to apply for an availability check to check the availability of the company name with the local Chamber of Commerce and Industry department, notarize the company incorporation documents and open a bank account. In this preliminary stage, share capital must be paid into the bank account.
In order to initiate the incorporation process, the following company documents must generally be submitted to the local commercial register authority:
Application for company formation; notarized articles of incorporation; A document stating the Board of Directors and its structure; A document proving that the share capital has been deposited. All documents listed above must be submitted in digital form in accordance with German standards for digital filing and verification. The formation of a newly founded company takes place on the basis of a central electronic platform that is developed and operated by the commercial register of the Federal Republic of Germany.
Trade license and sales tax acquisition The next logical step before starting business is to apply for a business license from the local Economics and Standardization Office, followed by registration with the National Statistics Office (providing all necessary operational, industry and financial information). Data). After that, newly founded GmbHs should also submit and register with the local IHK and the local department of the employment office.
The employment office should hear the case and assign a company an eight-digit number that must be reported to the social welfare office. After all the previous steps have been carried out and completed, the GmbH must submit an application to the federal health insurance fund. In addition, legal notices should be sent to the Central Tax Administration informing about the newly formed company, with all the above points leading to registration for the German corporate tax and sales tax payer number.
After completion of the company formation procedure, the company can finally start its business operations. Because the majority of companies registered in Germany need local employees. Employers are largely offered a well-trained workforce. It is also possible to look for employees at the numerous local recruitment agencies.
Company account opening in Germany If you are not a German resident, even if you are a citizen of another EU member state, there are still certain verification and compliance procedures to open a corporate bank account in Germany. This means that your company is expected to comply with certain legal requirements, such as B. a local tax number, place of residence and some other relevant things.
There are also additional compliance requirements as it can be quite difficult to prove credit history for a newly incorporated company, international invoices can easily cause problems and raise questions meaning most banks will not be willing to take the risks which can lead to the refusal to open a business account.
Such a practice complicates things quite a bit, as smaller traders from other EU member states, small e-commerce traders and all those business people dealing with online marketplace businesses usually struggle to get paid. For example, if you are willing to have an Amazon marketplace connected business account with a German bank, you will most likely need to have a business account with a local German IBAN number in order to receive money, simply for security reasons, which can cause problems.
For many customers, the best practical solution would be to find an online business banking partner that offers a virtual business bank account, such as a B2B Pay. It can be especially useful if you are able to get a multi-currency virtual account, which means you can receive money and store money in multiple different currencies.
Thema von MarkBennett im Forum Dies ist ein Forum in...
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in almost all of the world's countries. While it was once a complicated corporate endeavor to establish an international business, it is now commonplace with the help of experienced legal and economic advisers.
The advantages of forming a company in a foreign country are as numerous as they are obvious. Many countries offer specific location-based benefits, ranging from natural resources and established infrastructure to favorable laws and regulations that encourage growth in a specific industry. Likewise, it may be difficult to establish a venture or acquisition in one's home country because of disadvantageous situations: political or regulatory environments, lack of resources, and more. In this situation, it is useful to consider an overseas option that offers greater opportunities for growth, development, and success.
Company Registration in Burkina Faso When establishing a company in Burkina Faso, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors that will affect the establishment and growth of one's business; failure to do so could result in unintended consequences. Poorly-researched and tone-deaf international launches often end in disaster, as time, money, and energy is lost because of poor planning.
Legal documents Each country of the world presents its own set of intricate challenges with regard to forming, developing, and sustaining a business. Owners, financiers, and investors must enter into these engagements with the support of a knowledgeable and experienced legal team. Only someone with detailed knowledge of local and international corporate law will be able to set up an overseas business while avoiding the pitfalls that affect many new companies.
Additionally, shrewd businesspeople may consider opportunities to invest in overseas businesses without actually forming their own companies. In these situations, it still benefits the investor to team up with a knowledgeable adviser in global economics and litigation. International investments create a truly diverse portfolio that offers opportunities for growth that were unthinkable just decades ago.
Potential investors, venture capitalists, and entrepreneurs should consider existing infrastructure in Burkina Faso when planning the launch of a new business. While substantial infrastructure and systems can help to make the business establishment a smooth process, it could also represent market saturation and diminished potential for growth. On the other hand, a lack of infrastructure often serves as a major hindrance to growth; however, lack of infrastructure indicates a clear market opening for a creative and efficient new business.
Bank Account Opening in Burkina Faso In conjunction with company formation, it will be necessary to open one or more bank accounts in Burkina Faso. Confidus Solutions offers the ability to open a bank account in over twenty jurisdictions, making it easy for you to avoid challenging language barriers or bureaucratic hangups.
Thema von MarkBennett im Forum Dies ist ein Forum in...
Business documents play a crucial role in many ways these days. The deal consists not only of contracts, but also of special corporate documents aimed at making changes in the corporate structure. Overall, documents are necessary to prove or support specific facts or actions.
Therefore, if an act is not recorded in a document, it can be very difficult to prove that the act took place in the first place. However, several problems can arise in this regard - if documents are forged and the actual act did not take place, it can be very difficult to prove the opposite. That is why it is necessary to notarize corporate documents for certain actions - it serves as a protection for companies, since it is much more difficult to forge documents that need to be notarized.
The certification of the document implies that an official, i. H. a notary, authorizes a specific person to sign the document. The notary identifies the person signing the document and attaches a notary seal with notarized deed to the document. In this way, any third party can be sure that the signature of the document is real and not forged. This service is referred to as a "certified signature". However, you must be aware of the risk that the signing party does not know the contents of the document.
One of the additional/possible (depending on the company) services that can be provided is a notarization of the content of a document. In this case, not only is the signer officially identified by the notary, but the content of the document is also explained to the signer by the notary. When the contents of the document are notarized, other people can be sure that the signer knows exactly what they signed. However, this service is more expensive, complicated and time-consuming and therefore not widely available in many jurisdictions.
Thema von MarkBennett im Forum Dies ist ein Forum in...
Major industries in the country are jute, cotton, garments, paper, leather, fertilizer, iron and steel, cement, petroleum products, tobacco, pharmaceuticals, ceramics, tea, salt, sugar, edible oils, soap and detergent, fabricated metal products, electricity, natural gas. The Industrial Production growth rate of Bangladesh is 8.4%.4.6% of population in the country are unemployed. The total number of unemployed people in Bangladesh is 7,652,935. Bangladesh produces 42,410 GW/h of electricity each year. Bangladesh emits 0.4 metric tons per capita of CO₂. On average, you would pay 1.3 USD for one liter of gasoline in Bangladesh. One liter of diesel would cost 0.84 USD.
Thema von MarkBennett im Forum Dies ist ein Forum in...
As each individual result is based on the background and experience that created it, it may be helpful to take a quick look at already established startup companies in that geographic area before starting to explore the most popular and effective jurisdictions for incorporation in to describe Asia.
Asia is leading the growth in technology investment, defying the dismal numbers for other parts of the world with economic powerhouses in China and India. The most popular business areas or business trends in this region today are: E-Commerce, Marketplaces, Financial Technologies, Transportation, Biotechnologies, Computing Technologies, Internet Infrastructure and Enterprise Business Solutions Area. These sectors accounted for about 30% of VC investments a few years ago.
Market leader in Asia Each of these areas has its leader in terms of business performance and funding. For example, e-commerce site Lazada was valued at $1.3 billion with total funding of $686 million. Ride-hailing cab application Grab has received $680 million in funding. There are other Asian startups that have really great potential: Zalora (e-commerce sector, fashion industry); PropertyGuru (real estate business); Elevenia (e-commerce area, marketplaces and platforms); M-DAQ (fintech area); Tokopedia (e-commerce section, consumer-to-consumer marketplace); Qoo10 (e-commerce section, business-to-consumer marketplace); Capillary Technologies (cloud-based customer loyalty platform for retailers); Aslan Pharmaceuticals (biotech company); IcarsClub (peer to peer car rental platform) and other companies. Most of these startups are formed in Southeast Asia in countries like Singapore, Malaysia, India, China, United Arab Emirates and Indonesia. These can be considered as the top 6 jurisdictions for company formation in Asia.
Singapore This country has one of the best startup ecosystems in Asia Pacific. Today, around three and a half startups are active there. It is a well-known business center that is home to the headquarters of Uber, Facebook and Google. Therefore, the main areas of development include e-commerce, social media and gaming. It is a perfect place for e-commerce development as 9/10 of its citizens have access to a smartphone. Only half of Singapore's potential startup clients live abroad.
Indonesia This jurisprudence is more cooperative compared to other countries. There is also a large flow of investors in the country entering the market. For example, Jakarta gathers investors around the world focused on e-commerce, travel and lifestyle.
Malaysia The country has had special programs for startups since 2013, which support them and help entrepreneurs by equipping them with skills, networks and the necessary knowledge. These programs are the largest startup accelerators in this region. It is also perfect for developing and nurturing foreign talent. Hence, Malaysia has a really supportive government. Incidentally, the cost of living in Malaysia is significantly cheaper than in Singapore. Another advantage is that the country has a good test market, which is slightly larger than the Singapore market.
China Beijing is one of the top startup cities in Asia along with Hong Kong, which is seeing global growth in startups across various industries such as fintech, hardware, and e-commerce. The second has about 2,000 small and large startups. China also has a tax break program for startups. Annual tax deductions are around $1,500 million. They are usually awarded to companies set up by previously unemployed workers and university graduates. Currently, the country operates about 1,500 business incubators created by the Ministry of Science and Technology. It is conducted as part of the 27-year Torch program, which provides policy, consulting and financial services to high-tech companies.
India India has about 5,000 operational startups established in cities like Bangalore, Delhi, Mumbai and others. New projects are actively funded, consolidated, growing financially and evolving in the technical sense. India is making a revolution in this business field that is fundamentally changing the way markets work today. There are some estimates by the Internet and Mobile Association of India showing that India has 500 million internet users worldwide in 2017. This place also has a lot of high-profile talent, a larger number of investors willing to invest in potentially successful projects, rather cheap real estate prices
Thema von MarkBennett im Forum Dies ist ein Forum in...
When choosing a jurisdiction for a business in Europe, you should understand that the European Union (EU) is not the same as Europe. There are some countries and exclusive jurisdictions that are geographically within Europe but are not part or all of the EU, for example Norway, Switzerland, Guernsey, the Isle of Man, Gibraltar and Liechtenstein. Some of these areas offer a low tax regime that can be useful for tax planning purposes. Many companies incorporated or acquired in these jurisdictions are limited liability or public companies. A significant number of the companies we incorporate are limited liability companies (LLC).
Sie sind vermutlich noch nicht im Forum angemeldet - Klicken Sie hier um sich kostenlos anzumelden
09.07.2024 09:41
