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  • Support and legal services in CanadaDatum04.02.2024 16:41
    Thema von DonaldWalker im Forum Dies ist ein Forum in...

    Confidus Solutions employs a wide range of experts in different fields: lawyers, real estate experts, bank agents, accountants, tax consultants, and other professionals. Our company's representatives have vast experience dealing with individual clients, providing wealth management, personal tax planning, due diligence as well as transaction assistance services. Confidus individual services can provide you tailor-made solutions in Canada.

    Canadian individual support services & legal solutions
    Order one of the provided Canadian individual support or wealth management services and we shall provide you a custom, tailor-made solution. Confidus Solutions, collaborates with a number of professionals from different industries, develops an efficient strategy and creates a unique solution designed for each customer specifically. Once the communication is established, you will receive a list of documents and information required to proceed.

  • Top destination for global investmentsDatum26.11.2023 12:18
    Thema von DonaldWalker im Forum Dies ist ein Forum in...

    Every year over USD 1 trillion is distributed worldwide in the form of foreign direct investment. Investments by foreign investors and entrepreneurs are of significant value to the country and are seen as a sign of a healthy economic, political and legal environment. When it comes to investing your money, some countries are simply better than others. It depends on numerous factors such as the country's overall economy and growth prospects, political stability, taxation and the overall legal system, the complexity of starting a business, opening an account and the workforce.

    In this article, we summarize three jurisdictions in terms of benefits and other features crucial to foreign investors. These countries have already proven their ability to attract multinationals and other investments, but when it comes to choosing the right place to invest, each country is different and might be better than others in one or more factors.

    Singapore

    The first country to be analyzed is Singapore, which ranks 2nd among the best countries for investment and 15th among the best countries in the world in the US News Best Countries Ranking developed in cooperation with its international partners

    Located in Southeast Asia, Singapore is a bustling metropolis and home to one of the busiest ports in the world. As one of Asia's four economic tigers, the country has experienced impressive growth in recent years thanks to efficient production and manufacturing processes and innovations in the pharmaceutical and electronics industries. High GDP per capita and low unemployment make Singapore one of the wealthiest countries in the world.


    Hong Kong

    Hong Kong is a special administrative region of China. While Hong Kong is often considered as a separate entity from China, it is not a country and therefore enters all lists and rankings under the name of China. China takes 26th place among best countries to invest in and 20th place among best countries in general.

    Hong Kong’s legal system is characterised by the strict adherence to principles and the rule of law. It operates a free trade economic system and promotes minimal government interference in most sections of the economy. This reflects on the small number of tariffs and duties on traded goods and therefore it is a better place for investments than other parts of China.

    Foreign investments are attracted by promoting a favourable investment climate with low taxes, few restrictions and additional incentives to encourage investments. Corporate profits tax rate is 16.5% with a possibility to waive 75% of the tax. There is no tax levied on dividends.

    Company incorporation is a simple and fast-forward process. All applications for company incorporation also include an application for the business registry. The application can be submitted online and the processing generally takes one hour (as opposed to four days if the application is submitted in hard copy).


    Due to its impressive growth and increasing immigration, Singapore attracts the best professionals to its workforce. The country offers cultural diversity and, with four official languages, is an important gateway for international trade.

    The corporate tax rate is 17%, but it can be reduced by taking advantage of numerous government subsidies, incentives, and other programs.

    Singapore's legal system is known for its integrity, efficiency and fairness, making the country better than many as a place to start and operate a business. The World Bank Group has recognized Singapore's political and regulatory environment as the most business-friendly in the world.

    Other factors:

    Least Corrupt Country in Asia;

    Best IP protection in Asia;

    Most popular country for arbitration in Asia.


    United Arab Emirates

    The United Arab Emirates or UAE is listed as the 22nd best country in the world and is not mentioned among the best countries for investment according to the above ranking.

    Before the discovery of oil in the mid-20th century, the UAE's economy was mainly based on fishing and the pearling industry. The country experienced rapid growth and general transformation along with the start of oil exports in the 1960s. Today the country's GDP can be compared to that of leading European countries and the World Economic Forum has named the UAE the most competitive place in the Arab world.

    When incorporating a company in the United Arab Emirates, foreign investors can choose between offshore or onshore registration, whichever is more suitable for the type of company and the activities planned. Onshore registration means that the investor establishes a business presence on the UAE mainland. Offshore registration usually refers to a business presence in one of the UAE's free trade zones.

    The UAE does not levy corporate income tax at the federal level. However, most Emirates have some corporate income taxation and can even reach 55% for certain industries. In practice, corporate income tax is mainly levied on gas and oil companies and branches of foreign banks.

    Other factors:

    The UAE is among the most liberal places in the Gulf with a legal system that allows freedom of religion;

    No sales tax or VAT but with plans to introduce it in the future;

    In addition to traditional banking, Islamic (or Sharia-compliant) banking has seen tremendous growth in recent times.

  • Best applications of a merchant accountDatum17.08.2023 11:28
    Thema von DonaldWalker 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.

  • Readymade Cypriot company acquisitionDatum12.06.2023 13:43
    Thema von DonaldWalker im Forum Dies ist ein Forum in...

    When it comes to buying a business, it is important to understand and decide whether to register an entirely new business and start from scratch, or choose a previously formed or established business that has already been pre-registered. Ready-made companies are also referred to as paper companies or shelf companies (blank check companies) due to their acquisition process structure. As a rule, the company has already fulfilled all the requirements for legal registration. Therefore, it can be purchased by anyone who is willing to skip the registration and incorporation process. Accounting and various law firms usually sell such companies. The companies mentioned have no commercial or business activity, they only exist in a stand-by mode.

    The advantages of readymade companies
    The registration process for new businesses typically takes weeks or even months due to documentation processing and approval. In contrast, when purchasing a ready-made company, an entrepreneur only has to register his purchase in order to achieve a legal conclusion of the purchase process. If a person chooses to complete the registration process online, it takes even less time, usually it can be done in a few hours. Another benefit is that an already registered company will have a history or status showing that they have been in business for some time, meaning that when you first look at the company details it gives a sense of an existing experience looks at

    Ready company purchase in Cyprus (fees, requirements)
    There are various official websites or service providers that offer ready-made Cypriot businesses to buy online. This can be LP, LLC, Trust or other type of entity. The capital required varies from a few hundred to several thousand, depending on the size or scope of a company and its age. This service includes all paperwork to be completed and the relevant fees payable to HMRC.

    A purchase of the company may come with various licenses, such as an apostilled power of attorney. However, sometimes the total price of the company does not include some of the mentioned extras, so the future owner has to request them by paying them and taking into account the time frame required for the company's closing process.

    If a person resides in a country other than Cyprus when purchasing the business, they can have all procedures for the maintenance and operation of the business carried out by email, fax or courier.
    Basic requirements
    If you are willing to purchase a readymade Cypriot company, there will be following requirements you should be aware of:

    The purchase must be made with a nominee director and nominee shareholder appointed;
    A person will need to choose company’s name from the list given by the service providers;
    A set of corporate documents must be signed by the person who is purchasing the company (the trust deed, the open date share transfer agreement);
    A company must have a financial support for some period of time in order to function.
    Time frames
    If you are purchasing Cypriot readymade company you should be ready to deal with the following time frames:

    A vat registration number can be given in maximum 2 days
    Bank account can be opened in maximum 5-7 days
    Company’s new name (if changed) approval by the Cyprus Registrar of Companies maximum 3-4 days
    Adding new directors to the documents (if necessary) maximum 7-10 days

  • Liberties and freedom in SudanDatum30.03.2023 12:33
    Thema von DonaldWalker im Forum Dies ist ein Forum in...

    In terms of political and civil liberties, Sudan ranks 3rd. Citizens in Sudan experience little to no civil liberties and political rights. Citizens are not free to express themselves and enjoy neither political freedom nor representative government. Countries with this political situation are dangerous for investment as an authoritarian government may have over-control over economic affairs. Businesses of Sudan are 5 in terms of economic freedom. Citizens in Sudan are not considered free in their economic decisions. The government prohibits citizens from all economic activities, and some illegal business activities are punishable by imprisonment or even death. Investors should avoid countries that are not economically free as the risks do not justify any potential gain. In terms of journalistic freedom, the Sudanese media ranks 5th. In Sudan, journalists face a very serious situation. Censorship rules all publications and the government controls most of the media. Journalists who express opinions against the government can be punished with fines, imprisonment or death.

  • Thema von DonaldWalker im Forum Dies ist ein Forum in...

    In terms of political and civil liberties, the Palestinian Territories are 3. Citizens in the Palestinian Territories experience little to no civil liberties and political rights. Citizens are not free to express themselves and enjoy neither political freedom nor representative government. Countries with this political situation are dangerous for investment as an authoritarian government may have over-control over economic affairs. In terms of journalistic freedom, the Palestinian Territories media ranks fourth.

  • Economy of BahrainDatum02.11.2022 17:56
    Thema von DonaldWalker im Forum Dies ist ein Forum in...

    Bahrain is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Bahrain may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Each year, Bahrain exports around US$20.69 billion and imports around US$14.41 billion. 1.3% of the country's population is unemployed. The total number of unemployed in Bahrain is 20,371. Government spending on education is 2.9% of GDP. The country's Gini index is 57. Bahrain experiences inequality. The gap between the richest and poorest citizens in this country is significant and evident, resulting in drastically different living standards for rich and poor citizens. Bahrain has a Human Development Index (HDI) of 0.815. Bahrain has a high HDI score. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Bahrain is 2,142. Bahrain's Strength Law Index is 1. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.

    Currency

    The currency of Bahrain is the Bahraini Dinar. The plural form of the word Bahraini dinar is dinar. The symbol used for this currency is .د.ب, abbreviated as BHD. The Bahraini dinar is divided into fils; There are 1000 in a dinar.

    Credit rating

    The credit rating depth index for Bahrain is 7, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to rating agency SP, Bahrain has a credit rating of BBB- and the outlook for this rating is negative. According to the rating agency Fitch, Bahrain has a credit rating of BBB and the prospects for this rating are stable. According to rating agency Moody's, Bahrain has a credit rating of Baa1 and the prospects for that rating are negative.

    Central bank

    The benchmark interest rate of Bahrain's commercial banks is 6.8. In Bahrain, the institution that manages the state's currency, money supply and interest rates is called the Central Bank of Bahrain. Locally, the Central Bank of Bahrain is called مصرف البحرين المركزي. The average interest rate on deposits offered by local banks in Bahrain is 1%.

    National debt

    Bahrain has a public debt of 32.1% of the country's gross domestic product (GDP) as estimated in 2013.

    Tax information

    Corporate tax in Bahrain is 0%. Personal income tax ranges from 0% to 0% depending on your specific situation and income level.

    Finances

    The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Bahrain is US$34.908 billion. The Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) in Bahrain was last recorded at US$0 million. PPPs in Bahrain are considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Bahrain is 29 billion. Based on this statistic, Bahrain is considered to be a small economy. Countries with small economies generally support fewer industries and investment opportunities.

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