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

    Asia has very rich cultural heritage, which was diligently carried out through centuries of history. Today Asia is quite attractive for international investors due to the fact that it has several big economics as well as several special area jurisdictions with blooming economy and favourable tax regimes.

    Below is out top list of jurisdictions for international investments in Asia.

    Hong Kong
    Modern Hong Kong can offer a free market economy, which heavily relies on international trade, financial sector, amount of export / import, including quite large portion of re-exports. Hong Kong imposes zero tariffs on imported items. Also there are only four groups of goods subjected to excise taxation: strong alcohol beverages, tobacco, hydrocarbon oil and methyl-based alcohol. Currently Hong Kong has no quotas on importing / exporting anything. Hong Kong government keeps on linking local currency (Hong Kong Dollar) tightly to the US dollar, thus, suporting an arrangement concluded back in year 1983.

    The local government is actively developing the Special Administrative Region (SAR) to make it a desirable destination for mainland China renminbi, in order to achieve it’s internationalization in business world. Local residents are permitted to create savings accounts in RMB currency; Also, corporate and Chinese government bonds in RMB currency have been publicly issued in Hong Kong; as well as currently in private and public sector RMB agreement settlement is permitted. The Hong Kong administration is currently trying really hard to add up additional application of RMB in Hong Kong financial markets and is looking for an opportunity to greatly increase the RMB quota.

    From the moment of setting up its local casino industry hotspot back in year 2001, Macau has managed to attract several tens of billions of dollars as international investment, entirely transforming the area into one of the largest global gambling hotspots. Macau’s gambling and tourism industries were heavily impacted by China’s decision to relieve travel restrictions for Chinese nationals looking for an opportunity to visit Macau. Back in year 2016, Macau’s gambling taxes estimated over 76% of overall budget income.

    Macau’s economy suffered quite a lot back in year 2009. It was a result of a global economic crisis, but rapid economic growth have continued somewhere by year 2013. Back in 2015, with an urban population of 646,800 people Macau hosted roughly 31 million tourists. Approximately 68% came from mainland China. Provided services, mostly gambling — have boosted Macau’s economic performance several times. However, lately, anti-corruption campaign performed by mainland China’s government has gotten Macau’s gaming industry to slightly suffer.

    Singapore is currently having a prosperous, well-developed free-market-oriented economy. Singapore government has hardly worked on and achieved an open and nearly 100% corruption-free government and business environment as well as strong economy, and quite high competitive (even by the Western standards) per capita GDP. Employment rates are extremely high, while the Singapore budget mostly relies on exports, specifically of consumer goods and electronics, IT & software, medical technology and devices, pharmaceuticals as well as on lively business, banking and financial industries.

    Singapore is a famous destination for many international investors and entrepreneurs, especially in certain industries. According to financial analytics data it will continue to develop and evolve into Pacific Asia’s major business and high-tech hotspot. Singapore is a proud member of the 12-nation Trans-Pacific Partnership free trade agreement. It is also a part of the Regional Comprehensive Economic Partnership agreement. Back in year 2015, Singapore has established, along with the rest of the ASEAN participants, the ASEAN Economic Community.

    Starting back in the late 70s, China has been working on it’s economy and market, rapidly going from internal government controlled closed market, to more liberal, open government planned system with profoundly internal market-oriented economy, leading to an increase of China’s impact on the global market. By year 2010, China has turned into the largest global exporter. Changes and reforms have started with slowly abandoning collectively planned agriculture, developing to introduce free-market pricing, decentralizing taxation, granting more autonomy for government-owned companies, expansions of the private sector, fast development of stock markets and introduction of a modern banking system as well as China’s access to international trade and investment.

    China did undergo a number of reforms lately. During last few decades, Chinese government has renewed its support for government-owned companies in industries, which are strategic for country’s security and development. Such decision was made specifically to boost certain industries and make them more competitive on a global market. Such change of economy and the following benefits have dramatically impacted to a China’s GDP making more than ten times increase since year 1978.

    Modern Taiwan has a prosperous free-market economy with overall decreasing government control over international investment and trade industries. Strategic production industries, such as production of electronics, machinery and petrochemicals, have given the major boost and factors necessary for rapid growth of economy. However, such factors as Taiwan’s diplomatic isolation, extremely low birth rate, and quickly aging population are several major long-term challenges that Taiwan’s government needs to face and solve.

  • Infrastructure of UkraineDatum15.02.2024 14:33
    Thema von HarryGibson im Forum Dies ist ein Forum in...

    The logistics performance index of Ukraine is 2.98. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

    Customs performance is rated at 2.69. It indicates a satisfactory performance - the customs clearance procedure is effective in general, although long time can occasionally be a problem; the customs system certainly does not discourage international business activity; documents and fees needed are usually publicly available.

    Infrastructure quality in Ukraine is rated to be at 2.65. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.

    International shipment quality is 2.95. It indicates a satisfactory performance - the services are adequate and the prices are not too high and usually accurately match the quality, although there is still room for improvement.

    The competence of logistics service providers is valued at 2.84. The providers are competent - they ensure a good quality in their services, maintaining this level at almost all times; flaws, while still possible, are usually minor and don't discourage the further employment of the providers.

    Tracking possibilities for shipments are rated at 3.2. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.

    Tracking possibilities for shipments are rated at 3.51. It indicates a satisfactory performance - most of the shipments arrive timely and within the scheduled time brackets; late arrivals are still possible, although uncommon.

    In Ukraine, 100% of the population has access to electricity. Ukraine has 187 airports nationwide. There are 2,173,000 internet hosts in Ukraine. The number of road motor vehicles per 1000 inhabitants in Ukraine is 8.

    Road network
    The total road length in Ukraine is 169,496 km (105,342 miles). Out of them 199 km (124 miles) of roads are classified as motorways, freeways, or autobahns.

    Gas price
    On average, you would pay 1.17 USD for one liter of gasoline in Ukraine. One liter of diesel would cost 0.71 USD.

  • Hong Kong FinanceDatum17.10.2023 13:47
    Thema von HarryGibson im Forum Dies ist ein Forum in...

    The monthly minimum wage in Hong Kong is $720. According to a 2013 estimate, Hong Kong has a national debt of 19.3% of the country's gross domestic product (GDP). In terms of consumer prices, the inflation rate in Hong Kong is 4.4%. The currency of Hong Kong is the Hong Kong dollar. The plural form of the word Hong Kong dollar is dollar. The symbol used for this currency is $ and is abbreviated as HKD. The Hong Kong dollar is divided into cents; There are 100 in a dollar. Every year, consumers spend around $181,089 million. The ratio of consumer spending to GDP in Hong Kong is 0.07%, and the ratio of consumer spending to the world consumer market is 42%. The corporate tax rate in Hong Kong is 16.5%. Personal income tax ranges from 0% to 15%, depending on your specific situation and income level. The VAT in Hong Kong is 0%.

    Gross domestic product
    The total gross domestic product (GDP), calculated as purchasing power parity (PPP), in Hong Kong is US$400,362 billion. Hong Kong's gross domestic product (GDP), calculated as purchasing power parity (PPP) per capita, was most recently at $53,892,595. The PPP in Hong Kong is considered very good compared to other countries. A very good PPP indicates that citizens in this country find it easy to buy local goods. Local goods may include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Hong Kong is 274,027 billion. Based on these statistics, Hong Kong is considered a large economy. Countries with large economies support a variety of industries and businesses and offer numerous investment opportunities. Large economies have extensive financial sectors that facilitate the organization of investments and financial transactions. It should be very easy to find good investment opportunities in Hong Kong. The gross domestic product (GDP) per capita in Hong Kong was most recently at $36,886,683. The average citizen in Hong Kong has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries, and labor is very expensive in these countries. Very wealthy countries offer opportunities for safe investments as they are often supported by a diverse and thriving financial sector. Hong Kong's annual GDP growth rate averaged 3% in 2014. According to this percentage, Hong Kong is currently experiencing modest growth. Countries with modest growth offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will grow accordingly.

  • Politics of MoldovaDatum25.05.2023 12:24
    Thema von HarryGibson im Forum Dies ist ein Forum in...

    In Moldova, the form of government is a unitary parliamentary republic. In Moldova, legislative power rests with the parliament. The head of government is Igor Dodon. A country's governmental structure determines the way laws are written, passed and interpreted. The type of government determines the way elections are held as well as the country's system of policing its citizens. The term of office of the head of state in Moldova lasts until January 1, 2020. The length of a head of state's term of office has a direct impact on the power and influence of the executive position. A longer term gives the head of state more authority. The term of office of the head of state in Moldova lasts until January 1st, 2020. The length of a head of state's tenure has a direct bearing on the power and influence of the leadership position. A longer term gives the head of state more authority. The Global Peace Index (GPI) for Moldova is 1.942. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Moldova is very safe in international comparison. The strength of the legal rights index for Moldova is 8. Overall, it is considered to be rather adequate – bankruptcy and collateral laws can protect the rights of borrowers and lenders at least to some extent; Credit information is largely sufficient and generally available. In 2013, Moldova received US$473 million in foreign aid. In 2014, foreign aid was $464.

    Igor Dodon is Prime Minister in Moldova. Moldova's system of government is a unitary parliamentary republic. In Moldova, legislative power rests with the parliament; It is a unicameral legislature and therefore a unicameral parliament. According to the World Bank Group, Moldova's government effectiveness index is -0.38. This suggests that Moldova's government is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully assess the government situation in Moldova before considering any business maneuvers.

  • Branch officesDatum25.02.2023 15:29
    Thema von HarryGibson im Forum Dies ist ein Forum in...

    A branch is a unit of a parent company incorporated in a foreign market or other location with the aim of doing business. A branch is not a separate entity in either a legal or functional sense – it is set up as an extension of the parent company, which is responsible for its liabilities and taxes.

    Branch activities
    Because branches are sub-divisions of the parent company, they can be used to carry out the same activities, including but not limited to:

    Sale of goods and services
    manufacture of products
    store products
    collect data
    Conducting market research
    launch advertising campaigns
    In other words, a branch office acts as a representative of the parent company even though it is physically separate from the main office. This aspect of physical presence in a foreign or otherwise distant market is the main benefit of having a branch office. It ensures a tangible presence and also acts as a base or hub in the logistics network of the parent company.

    Another important task of a branch office is to act as a contact point for customers. In addition to selling a product or service, depending on what the company manufactures, a branch office can be used to make repairs, store goods for on-site transactions (i.e., act as a retail store), and generally serve as a customer support center .

    In addition, a branch office is an important element in a company's market research and business expansion strategy. A branch may hire local people to gain insight into the culture and environment of a foreign market and to draw on knowledge of the market itself. The home office of the parent company cannot do this and would need mediators or advice from experts on the foreign market. Depending on the distance to the home office, a branch office can also be advantageous in responding to certain business events, since information is more likely to be received earlier.

    Advantages of a branch
    A branch office has several advantages over other forms of corporate representation in a foreign market:

    Scope of activities
    A branch office can perform the same activities as the home office while providing greater access to local resources and information.
    local presence
    A branch office can access local suppliers and customers without having to build a delivery and supply network, thereby increasing the overall effectiveness of the company's services and eliminating the effects of distance between the foreign market and the home office, which can discourage potential partners.
    Service adjustability
    Because a subsidiary is a separate structure, its activities can be adapted to meet the needs of a foreign market without overhauling the structure of the entire company - rather than the home office, location-specific products, types of services, etc. can be assigned to the subsidiary to manage .

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

    There are no special circumstances under which you would be required to register a limited liability company. An LLC is a type of legal entity that successfully combines most of the most desirable attributes of other types of companies, which explains why most entrepreneurs choose an LLC when starting a business. In addition, many offshore jurisdictions have simplified accounting and record keeping requirements for LLCs.

    We usually advise our clients to consider an LLC as a viable option when they want to set up a trading company or small business within certain limits. LLCs are ideal for those looking to run a business (locally or internationally) and distribute profits at minimal cost. However, you should always keep in mind that an LLC does not usually offer an efficient mechanism for introducing a limited voting partner or multiple investors into your business. In these cases, we suggest that you consider forming a Limited Liability Partnership or Joint Stock Company, as they may offer better ways to achieve your goals. Registering an offshore company in a tax haven jurisdiction can be a good way to cut maintenance costs.

  • Bank account opening in AlbaniaDatum01.11.2022 12:22
    Thema von HarryGibson im Forum Dies ist ein Forum in...

    With the right documentation and initial expenses, it is possible for a foreign citizen to open a bank account in Albania. This international account and investment opportunity offers several advantages based on economic regulations and tax structures. Interest rates, tax laws and fees vary depending on the country in which you invest; Careful research and strategic financial actions could result in significant portfolio growth.

    If one is considering opening a bank account in Albania, one must enlist the help of international experts to guide them through the process.

    Legal structures in Albania
    Each international jurisdiction adheres to different legal structures for taxation and banking. Confidus Solutions helps you understand the nuances of each country's legal structure. In order to do business in Albania, it is crucial that you have a thorough understanding of the financial and legal ramifications.

    Initial investments
    The vast majority of bank accounts in Albania require an initial financial outlay to secure the account opening. This value differs from bank to bank and also depends on variable exchange rates. An international financial expert will help navigate these conversions, as well as the various fees and minimums associated with maintaining a bank account. Make sure you understand the interest and growth rates associated with each prospective international bank account so you can maximize your returns while minimizing risk.

    Tax structures in Albania
    To get the best results and avoid bureaucratic and legal pitfalls, enlist the support of an expert in international finance and economics. This initial investment in proper processes and research will help avoid a litany of long-term costs and fees related to unforeseen errors and legal errors. Language skills, financial know-how and bureaucratic experience ensure that your account opening is processed smoothly and without unintended consequences.

  • Representative officesDatum16.09.2022 19:28
    Thema von HarryGibson im Forum Dies ist ein Forum in...

    A representative office of a company is an office established in a foreign market to perform marketing functions, data collection, and other operations that do not involve the sale of products or the provision of services. A key characteristic of a representative office is that, by definition, it cannot be involved in transactions, billing, or any other form of buying or selling products.

    Activities of a representative office
    Representative offices are mainly used for two activities that complement the main functions of the company:

    Representation of the parent company
    managing information
    When representing the parent company, a representative office can contract and communicate with local partners on its behalf (e.g. organize meetings, send partners information to the parent company, etc.).

    In managing information, a representative office may conduct market research, organize marketing campaigns, and collect data from customers. It also serves as a point of contact between head office and customers when no other communication channels are available.

    In general, a representative office is a way for a company to venture into an unfamiliar foreign market without taking too many risks. This is because, in many countries, establishing a representative office is easier than opening a branch office - since representative offices cannot sell any products or services, they are often less strictly regulated than other types of companies. Representative offices require fewer resources (logistics networks, specialized sales staff, warehouses for goods) to perform their main tasks, so in case of failure, withdrawing from a particular market will not be overly costly.

    Advantages of a representative office
    A representative office has several advantages over other ways of representing a company in a foreign market:

    Easier registration and management
    Representative offices cannot conduct business transactions, which is why they are not as strictly regulated as other companies in many countries.
    Ability to open bank accounts
    Although representative offices are limited in their functionality, they can still be used to open corporate bank accounts for their parent company in a foreign market.
    Easy first market entry
    Representative offices are an advantageous solution when the parent company is unsure whether or not to expand into a specific foreign market, as they allow it to enter the market for initial research without the need to establish supply chains, a customer base, etc .
    circumvent restrictions
    In certain jurisdictions, branch offices and other forms of corporate representation with the ability to conduct transactions are prohibited or subject to certain restrictions. Representative offices are a way to enter the market bypassing these restrictions.

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