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  • Nominee servicesDatum12.01.2024 12:48
    Thema von HarryGibson im Forum Radio Logo's

    Nominee services are usually provided by an intermediary in order to hide the beneficial owner’s business. Nominee services are related to nominee shareholder and nominee director. In the regular situation the nominee services should also involve a post box service (office address for correspondence purposes). Nominee services are suitable for large corporate structures for tax planning purposes and frequently involve international element. For instance, the ultimate beneficiary is based in other country rather than the company itself.

    Nominee shareholder services are usually carried out basing on declaration of trust, whereas the nominee declares that he holds shares on behalf of other person and he is not entitled to make decisions in the company, to neither vote at a meeting of shareholders, nor receive dividends, unless specifically instructed by the client. The nominee has no rights to sell shares unless required by the client. However, the client and nominee may agree on specific duties that the nominee should carry out. Such duties are often assigned to lawyers and attorneys at law that are professionals in the field and may protect the client`s interest.

    Nominee director also called 'shadow director', who usually appears only for official records, whereas the company is virtually governed by the client by power of attorney. On the basis of authorization the client may open a bank account and acquire full company management and control.


    Advantages of nominee services
    The advantages of using nominee services appear in cases when a businessperson wants to keep his privacy and decreases the visibility into official records or does not want his name to be associated with the concerned company. Moreover, there can be a situation, when a person has restrictions to exercise the planned activity or when the law requires a local management, for example, a local secretary in Hong Kong.

    When a quick action is necessary to register a company abroad, in case the client cannot travel, it is often more convenient to temporarily appoint a local company manager. If the intention is to open a company in overseas jurisdiction, such as BVI, Belize, Hong Kong, it might be physically complicated to arrive in person.

    Nominee services usually guarantee confidentiality and anonymity. However, a disclosure sometimes happen at bank or in investigation authorities during court proceedings.

    The nominee services are widely used for tax planning and asset protection purposes. If ultimate beneficiary of completely corporate structure is based in low tax countries, he should enjoy the benefits of low tax system for the received dividends from the earned profits.

    Other advantage derives from the registration country and is often referred to financial statements and reports. In some tax haven jurisdictions there is no need for submitting the annual, therefore, low auditing and bookkeeping requirements that provide certain advantages, if the person is willing to increase privacy and confidentiality and hide his/her assets.

  • Trademark and brandDatum03.05.2023 09:52
    Thema von HarryGibson im Forum Radio Logo's

    In the context of EU intellectual property, a trademark is a sign that identifies a company. It allows one brand to be distinguished from another, or more specifically, to distinguish one company's products or services from another company's products or services.

    In fact, any distinctive sign can be considered a trademark: it can be a word, a design, a logo, and even a specific shape, color, or sound. In particular, a registered trademark is a legally protected sign and property right. Any sign that can characterize the company can be registered and become the trademark of the company. Because of this, a trademark is a different legal term than a trademark, which is often used in marketing studies. One can say that one protects a trademark if one wants to register a trademark. Any consumer who knows a company has an idea of its products and services, as well as a general idea of the company as a whole. This idea is the brand.

  • Industry of TurkeyDatum09.04.2023 16:45
    Thema von HarryGibson im Forum Radio News

    Major industries in the country are textiles, food processing, automobiles, electronics, mining (coal, chromate, copper, boron), steel, petroleum, construction, lumber, paper. The Industrial Production growth rate of Turkey is 6%.11.1% of population in the country are unemployed. The total number of unemployed people in Turkey is 9,092,773. Turkey produces 228,100 GW/h of electricity each year. Turkey emits 4.4 metric tons per capita of CO₂. On average, you would pay 2.06 USD for one liter of gasoline in Turkey. One liter of diesel would cost 1.31 USD.

    Labour
    The total labor force of Turkey is 31,275,590 people, wherein 26% are working in agriculture, 26% are working in industry, and 48% are employed in services. People in Turkey speak the Turkish language.

  • Thema von HarryGibson im Forum Radio Logo's

    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 used in many jurisdictions.

    Confidus Solutions can help you with the notarization of signatures or documents: we have contacts with public notaries and can help you make an appointment at the time you want and prepare your documents in full compliance with notarial requirements. Contact us now to make an appointment at the notary's office.

  • 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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