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  • Geography of AlbaniaDatum15.09.2024 13:30
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    Albania is considered to be a large nation because of its total area. Its total land area is 28,748 km² (approx. 11,100 mi²). Continental shelf of Albania is approximately 6,979 km² (around 2,695 mi²). Albania is located in Europe. Europe is a continent whose borders date back to the period of antiquity. European countries include, but are not limited to, the United Kingdom, Italy, Germany, Switzerland, Luxembourg, Malta, and The Vatican. Albania has 4 neighbouring countries. Its neighbours include Greece, Kosovo, Macedonia, Montenegro. Albania is not a landlocked country. It means that is is bordered by at least one major body of water. The average elevation range of Albania is 708 m (2,323 ft).

    Neighbors
    Total length of land borders of Albania is 691 kilometers (~267 miles). Albania shares its land borders with 4 different countries, and has the same number of unique land boundaries to neigbouring territories. As in the case of Albania, if a country has the same number of unique neighboring territories as number of land borders, than that country has no non-contiguous sections of a land border. This is in contrast to several countries that have multiple non-contiguous sections of land borders. Albania has 4 neighbouring countries. Its neighbours include Greece, Kosovo, Macedonia, and Montenegro. The lengths of the land borders of Albania with its neighbouring countries are as follows:

    Greece - 282 km (175 mi),
    Kosovo - 112 km (70 mi),
    Macedonia - 151 km (94 mi),
    Montenegro - 172 km (107 mi).
    Cities
    The capital city of Albania is Tirana. The largest cities in Albania are Tirana, Durres, Elbasanm, Vlore.

    Elevation
    The average elevation range of Albania is 708 m (2,323 ft). The highest point of Albania is Maja e Korabit, with its official height being 2764 m (9,069 ft). The lowest point of Albania is Adriatic Sea. The elevation difference between the highest (Maja e Korabit) and lowest (Adriatic Sea) points of Albania is 2764 m (2 ft).

    Area
    The total land area of Albania is 28,748 km² (approx. 11,100 mi²). and the total exclusive economic zone (EEZ) is 13,691 km² (~5,286 mi²). The continental shelf of Albania is approximately 6,979 km² (around 2,695 mi²). Including land mass and EEZ, the total area of Albania is approximately 42,439 km² (~16,386 mi²). Albania is considered to be a large nation because of its total area.

    Forest and arable land
    7,716 km² of Albania's territory is covered in forests, and forest land comprises 27% of all the land in the country. There are 5,507 km² of arable land in Albania, and it comprises 19% of the country's total territory.

  • Liberties and freedom in HungaryDatum08.03.2024 10:13
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    With regard to political and civil freedoms, Hungary is 1. Citizens in Hungary experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The businesses of Hungary are 3 in terms of economic liberty. Citizens in Hungary are considered moderately free with regards to their economic decisions. The government in this country exerts noticeable control over businesses and other economic activities. Citizens may own property and control certain financial decisions, but in many cases the government can take control over private property for state needs. In terms of journalistic freedom, the media of Hungary is in a 3. In Hungary, while journalists are allowed to express a variety of opinions, they are only permitted to publish those that do not oppose government or state ideology. The government in this country may have its own state-sponsored publications to further their ideas and beliefs. This is considered to be a problematic situation.

  • Demographics of TurkmenistanDatum26.12.2023 12:30
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    The total population of Turkmenistan is 5,851,466 people. People in Turkmenistan speak the Turkmen language. The linguistic diversity of Turkmenistan is diverse according to a fractionalization scale which for Turkmenistan is 0.3984. The median age is approximately 26.6 years. Life expectancy in Turkmenistan is 63. The female fertility rate in Turkmenistan is 2.3. Around 13% of the population of Turkmenistan are obese. The ethnic diversity is diverse according to a fractionalization scale which for Turkmenistan is 0.3918. To find out specifics of language, religion, age, gender distribution, and advancement of people in Turkmenistan see the sections below, as well as visit the section concerning the education in the country.

    Population
    In Turkmenistan, the population density is 10.7 people per square kilometer (28 per square mile). Because of this statistic, this country is considered to be sparsely populated. The total population of Turkmenistan is 5,851,466 people. Turkmenistan has approximately 226,327 foreign immigrants. Immigrants in Turkmenistan represent 0.1 percent of the total number of immigrants in the world. Immigrants in Turkmenistan represent 4.3 percent of the total number of immigrants in the world. The ethnic diversity of Turkmenistan is diverse according to a fractionalization scale based on ethnicity. Ethnic fractionalization (EF) deals with the number, sizes, socioeconomic distribution, and geographical location of distinct cultural groups, usually in a state or some otherwise delineated territory. Specific cultural features might refer to language, skin color, religion, ethnicity, customs and traditions, history, or other distinctive criteria, alone or in combination. Frequently, these features are used for social exclusion and the monopolization of power. The index of ethnic fractionalization in Turkmenistan is 0.3918. This means that a certain diversity is present in Turkmenistan, although all people can still be divided into a relatively small number of major ethnic groups. EF is usually measured as 1 minus the Herfindahl concentration index of ethnolinguistic group shares, which reproduces the probability that two randomly drawn individuals from the population belong to different groups. The theoretical maximum of EF of 1 means that each person belongs to a different group. Read below for statistics of Turkmenistan on median age and gender distribution at various ages.

    Age
    The median age is approximately 26.6 years. The median age for men is 26.2, while the median age for women is 27.1.

    Gender
    The sex ratio, or the number of males for each female (estimated at birth), is 1.05. It can be further divided into the following categories: sex ratio under 15 - 1.02; sex ratio from 15 to 64 - 0.98; sex ratio over 64 - 0.77; total sex ratio - 0.98. Total sex ratio is different from sex ratio estimated at birth. This is due to the fact that some newborns are considered in the sex ratio estimated at birth but pass away within the first weeks of their life and are not included in the total sex ratio.

    Religion
    The majority religion of Turkmenistan is Islam, the followers of which comprise 93% of all religious believers in the country. Islam (Arabic: الإسلام‎) is a monotheistic and Abrahamic religion articulated by the Quran, a religious text considered by its adherents to be the verbatim word of God (Allāh), and, for the vast majority of adherents, by the teachings and normative example (called the sunnah, Arabic سنة, composed of accounts called hadith, Arabic حديث) of Muhammad, considered by most of them to be the last prophet of God. An adherent of Islam is called a Muslim. Besides Islam, there are several other religions present within the country. Other religions in Turkmenistan are Christianity, Buddhism, folk religions, Judaism. The religious diversity of Turkmenistan is vaguely diverse according to a fractionalization scale based on the number of religions in Turkmenistan. The index of religious fractionalization in Turkmenistan is 0.2327. This score means that within the country there is one major with a few other minor beliefs.

    General development
    Turkmenistan is considered to be a developing nation. The developmental stage of a nation 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 nation, Turkmenistan may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. In Turkmenistan, 7.2 in every 100 people use internet. Turkmenistan has a Human Development Index (HDI) of 0.698. Turkmenistan has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The migration rate in Turkmenistan is -1.84%. In Turkmenistan, 30% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Turkmenistan is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments.

  • Top manufacturing jurisdictionsDatum09.09.2023 12:34
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    Manufacturing is the largest economic sector in the world, which is also one of the most important, directly and indirectly accounting for a large part of all economic activity and all jobs worldwide. It processes items and is dedicated to either creating new goods or adding value by producing finished goods for sale to customers or intermediate goods to be used in the production process. After the industrial revolution that began in Britain a few centuries ago, labour-intensive textile production was successfully replaced by mechanization and the use of fuel. Today, manufacturing creates jobs, technological development and an increase in international investment.

    For this reason, some jurisdictions are leveraging manufacturing output and value-added exports to increase their operations, business performance and revenue, and to address the challenges and opportunities that manufacturers face every day in conducting their businesses.

    According to Deloitte's 2016 Global Manufacturing Competitiveness Index, China, the United States, Germany, Japan and South Korea are ranked as the top five most competitive manufacturing countries in the world. These countries generate about 60% of global manufacturing GDP.

    China
    Canada and its provinces compete on a global scale for investments that result in low production costs, low wages for factory workers, and the adoption of globally popular product mandates. As a result, there are some significant trends in Chinese manufacturing that can easily be highlighted. These trends include creating a globally competitive, expansive manufacturing business model, helping to create a competitive business environment for manufacturing in China and increasing sales in domestic and overseas markets. This fact can encourage start-ups to grow, invest and compete with other successful manufacturing companies.

    United States
    The United States is successful in attracting investment in many of the world's most active industries, such as aerospace, auto assembly, pharmaceuticals, to name a few. The USA has signed an agreement with Germany to implement a dual vocational training program for the advanced manufacturing sector. US business policies focus primarily on technology transfer, sustainability, monetary control, and science and innovation, giving manufacturing companies (automotive in Detroit and high-tech in Silicon Valley) a competitive advantage.

    Germany
    Germany retains a relatively high share of manufacturing exports. The country provides long-term support in government-sponsored science labs and national programs created to foster manufacturing innovation in areas such as solar and wind power and renewable energy (renewable energy sources accounted for 28% of the country's electricity generation in 2014). In addition to an energy revolution in the manufacturing industry, the country is striving to phase out nuclear energy.

    Japan
    Japan has a technology-intensive manufacturing sector that dominates the global manufacturing landscape in most advanced economies. The country maintains manufacturing competitiveness as there is a close link between manufacturing competitiveness and innovation. Japan has strong potential to become one of the most advanced manufacturing jurisdictions in the world. The Robot Revolution Realization Council was established in the country in 2014 as part of the Japan Revitalization Plan, introducing infrastructure and energy resources for next-generation vehicles. Japanese companies account for 50% of the global factory robot market.

    South Korea
    As the world leader in the manufacture of liquid crystal displays (LCD), smartphones and memory chips, automobiles, and the world's largest shipbuilder, South Korea is actively pursuing growth in free trade agreements with more than 50 countries. The country invests heavily in education and produces a large number of researchers every year. It is also known that supporting manufacturing innovation in South Korea with venture capital investments to boost high-tech startups is identified as a strategic priority.

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

    Multinational companies and governments around the world are increasingly looking to Africa as a new business destination. Africa's economy has grown at a rate of around 5.3% per year over the last decade and six of the world's ten fastest growing economies are located here. These countries have a fast-growing middle class that contributes to rapid urbanization that is increasing faster than their cities' infrastructure can keep up. It is a common misconception that many economies in Africa are heavily dependent on energy production. In reality, the oil and gas sector accounted for only 11% of Nigeria's GDP in 2014, while the construction sector accounted for 20%.

    When considering doing business in Africa, it is not a matter of choosing just one country or all 54; A regional approach makes more sense. Sub-Saharan Africa, for example, refers to sub-Saharan countries such as Angola, Kenya, South Africa and Nigeria. Many companies already doing business in Africa are separating their businesses in North Africa and Sub-Saharan Africa due to the stark economic, linguistic and cultural differences between the two regions. Here are our top 5 African countries for doing business:

    Mauritius
    Mauritius is known for offering an extremely favorable business environment for investment and business growth. The process of incorporating a company and starting new business activities in Mauritius is believed to be straightforward and relatively easy. Mauritius' economy is mainly based on textiles, tourism, sugar and financial services, although recently other sectors such as renewable energy and information technology are expanding rapidly. The World Bank ranked Mauritius 49th in its Doing Business 2017 ranking, largely due to its pro-business approach to dealing with building permits, enforcing contracts and protecting minority investors. Another ranking of African countries places Mauritius first based on factors such as law and security, economy, human development and human rights.

    Rwanda
    Despite nearly a decade of Rwanda's civil war, the country's leaders and citizens alike have worked to achieve a healthy business climate and a strong overall economy. According to the World Bank, Rwanda is the second easiest place to do business in Africa and ranks 56th in the Doing Business ranking. This is because the procedures for registering a property, obtaining credit and trading across borders have been greatly simplified. Tourism is currently the fastest growing sector in Rwanda. According to our research, businesses can be incorporated and operating in as little as three days.

    Botswana
    Since gaining independence, Botswana has had one of the fastest per capita economic growth rates in the world. As the government works to diversify the country's profitable industries, the mining of diamonds and other precious metals is currently the main contributor to the country's economy. Recently, Botswana has managed to reduce the time it takes for various processes including import and export and business formation procedures. In addition, technological upgrades have reduced the average court length for commercial disputes to 625 days (from 987 days in 2008). Thanks to these improvements, Botswana ranks 71st in the World Bank's Doing Business 2017 ranking.

    South Africa
    South Africa's key industries are automobile manufacturing, tourism, mining and information and communication technologies. South Africa has managed to simplify its import and export procedures, resulting in less time and fewer documents required. In addition, the South African authorities have simplified tax legislation, reducing the number of hours required to prepare tax reports. The World Bank ranked South Africa 74th for ease of doing business in 2017.

    Kenya
    Another country to keep an eye on is Kenya, which is currently making huge investments in sectors such as telecom, transport and energy. With a tech-savvy workforce and high-speed internet, Kenya stands out as one of the top countries in Africa for tech startups, while its diversified economy, strong ownership rights, excellent tourism sector and improving infrastructure make it a great location for general start a new company. If you have further questions about company formation or banking in Africa. Please contact us now.

  • Top destination for global investments Datum21.02.2023 12:36
    Thema von MarkBennett 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 just 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.

    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 lowered 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.

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

    Hong Kong's legal system is characterized by strict adherence to principles and the rule of law. It operates a free trade economic system and encourages minimal government intervention in most areas of the economy. This reflects the low number of tariffs and tariffs on traded goods, making it a better place to invest than other parts of China.
    Foreign investment is attracted by promoting a favorable investment climate with low taxes, few restrictions and additional incentives to encourage investment. The corporate tax rate is 16.5% with the option to waive 75% of the tax. No tax is levied on dividends.
    Company formation is a simple and quick process. All applications for company formation also include an application for the commercial register. The application can be submitted online and typically takes an hour to process (as opposed to four days if the application is submitted on paper).

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

    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 Trinidad and Tobago
    When starting a business in Trinidad and Tobago, an interested investor must conduct due diligence regarding 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 Trinidad and Tobago 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 Trinidad and Tobago
    In connection with the incorporation of a company, it is necessary to open one or more bank accounts in Trinidad and Tobago. 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 Trinidad and Tobago
    Since a registered address is a necessity for international business, Confidus Solutions enables foreign investors to set up a virtual office in Trinidad and Tobago. 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 Trinidad and Tobago company formation, consult with 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.

  • Due diligence servicesDatum01.11.2022 17:07
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    Due diligence is an investigation of a company, usually performed before entering into an agreement or starting a new business relationship. Due diligence includes reviewing the company's reputation, evaluating projected earnings and cash flows, evaluating the quality of assets, identifying business risks, highlighting unexpected issues that could affect the execution of the agreement, identifying hidden costs, Commitments and contingencies, reviewing and estimating potential tax charges and other reviews on a case-by-case basis. Due diligence helps to assess whether you can trust your business partner by checking the reliability of new or current business partners with the result that provides a higher level of security.

    Purpose of due diligence
    The overarching goal of the due diligence process is to screen the business partner and draw attention to any potential issues or risks. There are different types of due diligence, and the checks depend on each transaction.

    Property check
    A property check should be carried out before purchasing a property. It involves an intensive study of the public register, namely whether the property is correctly registered, whether the owner actually has the right to sell the property or whether the property is connected to other properties. In addition, this includes the identification of encumbrances and ongoing proceedings related to the property. If the property is rented or other rights of third parties, encumbrances and other registered restrictions, insolvency proceedings or tax debts are registered, the asset test must be carried out. Due diligence also includes reviewing the proposed purchase agreement and identifying risks that could affect the conclusion of the agreement, e.g. B. if the property is rented out, the rental agreement must be taken into account.

    Reliability check
    In case of entering into a business agreement between two companies, the due diligence process in view of a possible cooperation would include the following topics: Company records in the business register confirming the company name, legal address, officials and shareholders, Value added tax (VAT) register , verification of status as a VAT payer. The financial stability of the company can be checked with the insolvency register to determine if the company has had or has ever had financial problems such as E.g. bankruptcy, temporary cessation of business activities, tax debts.

    Mergers and acquisitions
    In the event of a corporate acquisition, before entering into a share purchase agreement, it would be important to assess the financial condition of the target company by assessing factors such as: earnings and cash flow quality, asset and liability quality analysis. It is important to assess the quantity and quality of staff, identify property and investigate whether there are no pending issues or proceedings related to company property; Inspection of public registers when no commercial pledges, encumbrances and legal proceedings are ongoing and could affect the company's assets in the future.

  • Royalty structure solutionDatum02.10.2022 13:03
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    Ireland based companies are currently very attractive as they can be leveraged for intellectual property exploitation. Until recently, Irish companies were most commonly used as intermediary licensing companies. As of May 2009, Ireland is also an attractive jurisdiction to hold intellectual property profitably.

    The reason Ireland is such an attractive option for royalty recovery is that there is generally no withholding tax on outgoing royalties (with the exception of patent and mining royalties, but even these may be exempt in certain circumstances).

    For many licensing structures, Ireland will be the best location for an intermediary licensing company for the exploitation of all types of intellectual property. With its new, convenient capital grants system, Ireland is now an ideal location for the development, ownership and exploitation of intellectual property. It is important to remember that every case is different and proper advice must always be sought.

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