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  • Company formation in MyanmarDatum12.12.2022 12:52
    Thema von HarryGibson im Forum Radio News

    The development of telecommunications and economic globalization have made it possible for interested investors to set up companies all over the world. With proper research, financial investment and legal backing, business ventures can be safely incorporated in almost any country in the world. Building an international business used to be a complicated entrepreneurial venture, but today it is commonplace with the help of experienced legal and business advisors.

    The advantages of founding a company abroad are as numerous as they are obvious. Many countries offer specific locational advantages, ranging from natural resources and well-established infrastructure to beneficial laws and regulations that encourage growth in a particular industry. Likewise, it can be difficult to start a business or an acquisition in your own country due to adverse situations: political or regulatory environment, lack of resources and more. In this situation, it makes sense to consider an overseas option that offers greater opportunities for growth, development, and success.

    Company registration in Myanmar
    When setting up a business in Myanmar, an interested investor must conduct due diligence on legal procedures, international regulations and sufficient investment for success. It is crucial to understand cultural, social and political factors that influence starting and growing one's business. Failure to do so may result in unintended consequences. Poorly researched and toneless international launches often end in disaster as time, money and energy is wasted due to poor planning.


    Legal Documents
    Every country in the world presents its own intricate challenges when it comes to starting, developing and maintaining a business. Owners, financiers and investors must make these commitments with the support of a knowledgeable and experienced legal team. Only someone with in-depth knowledge of local and international corporate law will be able to set up an overseas business while avoiding the pitfalls that plague many new businesses.

    Additionally, smart business people can consider ways to invest in foreign companies without actually starting their own businesses. In these situations, it is still beneficial for the investor to partner with a knowledgeable global economics and litigation advisor. International investments create a truly diverse portfolio that offers growth opportunities that were unthinkable decades ago.

    Potential investors, venture capitalists and entrepreneurs should consider the existing infrastructure in Myanmar when planning to start a new business. While extensive infrastructure and systems can help make the process of starting a business a smooth one, it could also represent market saturation and reduced growth potential. On the other hand, a lack of infrastructure is often a major obstacle to growth; However, the lack of infrastructure points to a clear market opening for a creative and efficient new business.

    Bank account opening in Myanmar
    In connection with the establishment of a company, it is necessary to open one or more bank accounts in Myanmar. 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 hassles.

    Virtual Office in Myanmar
    Since a registered address is a necessity for international business, Confidus Solutions enables foreign investors to set up a virtual office in Myanmar. This address allows international entrepreneurs to accept mail, arrange for shipping and set up a registered bank account in their country of business.

    Tax regulations
    If you are in the process of researching a business formation in Myanmar, consult a lawyer or consultant with extensive experience in the area you are considering. This advisor can help you with everything from laws and tax structures to local helpers. You need to consider every aspect from the local office to your highest organizational structure; Make sure you recruit the best possible mentors as you embark on this exciting but challenging process.

  • Culture of South AfricaDatum28.10.2022 10:50
    Thema von HarryGibson im Forum Radio News

    The people of South Africa speak Afrikaans, English, Zulu, Xhosa, Tswana, Northern Sotho, Venda, Tsonga, Swati and Ndebele languages. South Africa's linguistic diversity is very diverse according to a fractionation scale, which for South Africa is 0.8652. The followers of Christianity make up the religious majority in the country. 62% of South Africa's population live in cities. This percentage includes the urban population of South Africa. The urbanization rate in South Africa is given as 1.4. According to data on inbound tourists in South Africa, 9,537,000 tourists enter the country every year.

    National anthem
    It was adopted in 1997. The lyrics were written by Enoch Sontonga, C.J. Langenhoven and the music was composed by Enoch Sontonga, Marthinus Lourens de Villiers.

    Fast food
    The first McDonalds in South Africa opened on November 11, 1995. There are currently 200 McDonald's restaurants operating in South Africa. The number of operating McDonalds restaurants in a country is an indication of the influence of western culture and globalization in that country. Operating McDonald's restaurants could also have a direct impact on the health of a country's citizens. Around 31% of South Africa's population is obese.

    Alcohol consumption
    Every year the people of South Africa consume 2.9 liters of alcohol per capita, and this amount is made up of 48.1% beer, 17.8% wine, 16.7% spirits and 17.4% other alcohol.

    National dish
    One of South Africa's most popular national dishes is bobotie.

  • Best applications of a merchant accountDatum18.10.2022 14:20
    Thema von HarryGibson im Forum Radio News

    A merchant account is a specific type of bank account that allows businesses to accept payments from their customers using 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 processing credit and debit card payments. When a customer pays for their purchase with a credit or debit card, the money is first deposited into the merchant's account and then further transferred to the company's bank account. The transfers to the bank account are usually organized on a daily or weekly basis.

    Types of Merchant Accounts
    There are different types of merchant accounts, which typically fall into two categories, and the description of each type gives a pretty clear overview of which ones are best for your business. The main categories of a merchant account are stolen and encrypted.

    A swiped merchant account is typically used when a business meets its customers in person and during that meeting a customer can swipe their card to pay for the products and services. This type of merchant account is usually further described in relation to the use of said account:

    Retailers – conduct transactions in a retail environment. The customer's card is swiped through a terminal and typically a signature or PIN code is captured;
    Wireless / Mobile – similar to retail, but in a wireless environment with a mobile device. An example of such a trader would be a taxi driver or a pizza delivery man;
    Restaurant - similar to retailer, but with additional function - possibility of adding tips. Corresponding to the name of this type of merchant account mainly used by restaurants and cafes;
    Accommodation – similar to retailers, but the company can adjust the payment amount according to the additional fees. This type of merchant account is used by hotels and bed and breakfasts when a customer has used a minibar or other extras.
    Encrypted merchant accounts are used when loyalty card information is taken over the phone or internet (or sometimes even in person) and entered by the employee themselves. While this merchant account application takes more time and is less convenient, it is also less expensive than the merchant accounts discussed previously.

    Internet or e-commerce merchant – for companies that operate through a website and use the Internet payment gateway service to collect and process the customer's card information accordingly;
    Postal and telephone ordering - the customer's card information is transmitted by telephone, post or Internet and processed manually either via a credit card machine or a virtual terminal;
    Face to face - this type of merchant is similar to a wireless/mobile hacked merchant account, but instead of investing more money into acquiring a mobile device, it is possible to take the necessary information from the customer and enter it over the phone.
    Pros and cons of a merchant account
    While choosing the most appropriate type of merchant account for the intended application is crucial for the best experience, there are some general pros and cons that need to be discussed.

    Advantages:

    Increase in sales - through greater convenience compared to check or cash payments;
    Faster transactions;
    Security – no risk of theft or accidental mistakes by employees when working with cash;
    More choice – the more payment options you offer your customers, the more convenient it is for them to shop from you;
    Ability to accept credit or debit cards in multiple currencies.
    Disadvantages:

    Costs – typically a business has to pay for each transaction;
    Delay – customer funds are deposited into the merchant account first and transferred to the commercial bank account later;
    Fraud – there is always a risk of identity theft or internet fraud;
    Chargebacks – It's easy for customers to request a chargeback, especially when the money is still in the merchant's account.

  • Best applications of a merchant accountDatum18.10.2022 14:17
    Blog-Artikel von HarryGibson

    A merchant account is a specific type of bank account that allows businesses to accept payments from their customers using 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 processing credit and debit card payments. When a customer pays for their purchase with a credit or debit card, the money is first deposited into the merchant's account and then further transferred to the company's bank account. The transfers to the bank account are usually organized on a daily or weekly basis.

    Types of Merchant Accounts
    There are different types of merchant accounts, which typically fall into two categories, and the description of each type gives a pretty clear overview of which ones are best for your business. The main categories of a merchant account are stolen and encrypted.

    A swiped merchant account is typically used when a business meets its customers in person and during that meeting a customer can swipe their card to pay for the products and services. This type of merchant account is usually further described in relation to the use of said account:

    Retailers – conduct transactions in a retail environment. The customer's card is swiped through a terminal and typically a signature or PIN code is captured;
    Wireless / Mobile – similar to retail, but in a wireless environment with a mobile device. An example of such a trader would be a taxi driver or a pizza delivery man;
    Restaurant - similar to retailer, but with additional function - possibility of adding tips. Corresponding to the name of this type of merchant account mainly used by restaurants and cafes;
    Accommodation – similar to retailers, but the company can adjust the payment amount according to the additional fees. This type of merchant account is used by hotels and bed and breakfasts when a customer has used a minibar or other extras.
    Encrypted merchant accounts are used when loyalty card information is taken over the phone or internet (or sometimes even in person) and entered by the employee themselves. While this merchant account application takes more time and is less convenient, it is also less expensive than the merchant accounts discussed previously.

    Internet or e-commerce merchant – for companies that operate through a website and use the Internet payment gateway service to collect and process the customer's card information accordingly;
    Postal and telephone ordering - the customer's card information is transmitted by telephone, post or Internet and processed manually either via a credit card machine or a virtual terminal;
    Face to face - this type of merchant is similar to a wireless/mobile hacked merchant account, but instead of investing more money into acquiring a mobile device, it is possible to take the necessary information from the customer and enter it over the phone.
    Pros and cons of a merchant account
    While choosing the most appropriate type of merchant account for the intended application is crucial for the best experience, there are some general pros and cons that need to be discussed.

    Advantages:

    Increase in sales - through greater convenience compared to check or cash payments;
    Faster transactions;
    Security – no risk of theft or accidental mistakes by employees when working with cash;
    More choice – the more payment options you offer your customers, the more convenient it is for them to shop from you;
    Ability to accept credit or debit cards in multiple currencies.
    Disadvantages:

    Costs – typically a business has to pay for each transaction;
    Delay – customer funds are deposited into the merchant account first and transferred to the commercial bank account later;
    Fraud – there is always a risk of identity theft or internet fraud;
    Chargebacks – It's easy for customers to request a chargeback, especially when the money is still in the merchant's account.

  • Culture of ChileDatum25.09.2022 16:38
    Thema von HarryGibson im Forum Radio News

    People in Chile speak the Spanish language. The linguistic diversity of Chile is vaguely diverse according to a fractionalization scale which for Chile is 0.1871. The followers of Christianity are the religious majority in the country. 89.2% of Chile's population live in cities. This percentage comprises the urban population of Chile. The rate of urbanization in Chile is considered to be 1.3. According to data on inbound tourists in Chile, 3,576,000 tourists arrive in the country each year.

    National anthem
    The national anthem of Chile is called 'Himno Nacional de Chile', which in English means 'National Anthem of Chile'. It was adopted in 1828. The lyrics have been written by Eusebio Lillo and the music has been composed by Ramón Carnicer.

    Fast food
    The first McDonalds in Chile was opened on 19 November 1990, and it was located in Santiago de Chile. At the moment Chile has 77 operating McDonalds restaurants. The number of operating McDonalds restaurants in a country is indicative of the influence of Western culture and globalization in that country. Operating McDonalds restaurants could also have a direct impact on the health of a nation's citizens. Around 29.% of the population of Chile are obese.

    Alcohol consumption
    Each year, the people of Chile consume 2 litre of alcohol per capita, and this volume consists of 29.9% beer, 40.7% wine, 29.4% distilled spirits, 0% other alcohol.

    National dish
    One of the most popular national dishes of Chile is empanada. Other national dishes include pastel de choclo.

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