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There are three business arrangements in Singapore that have been specifically created for foreign entrepreneurs and business entities planning to have a presence in the country: a subsidiary company, branch office, and representative office.
These are the basic differences between these business entities for foreign entrepreneurs and investors:
1. Subsidiary company
This is probably the most ideal business entity for foreign companies planning to form a Singapore company or expand their presence in the country. This is because this formation provides countless of benefits especially when it comes to tax incentives and limited liability.
As a separate legal entity from its parent company, a subsidiary company may have a different name and is allowed to conduct any business activities in the country as long as these are legal.
A foreign company with a subsidiary company enjoys a limited liability, an arrangement in which it is not liable for any losses, liabilities, and debts of its Singapore auxiliary business.
And because a subsidiary company is incorporated in Singapore, it also enjoys local tax benefits even if it is 100 percent owned by foreign businessmen and entities.
However, this business setup is required to appoint at least one resident director who may be a Singaporean citizen or holder of EntrePass, Employment Pass, or Permanent Residence Status.
Meawhile, a subsidiary company may have one to 50 shareholders who may be a foreign or local individual or another business entity. To know more abour subsiday company follow this link:
2. Branch office
A branch office, being an extension of its business headquarter, is only allowed to conduct activities performed by its parent company.
Unlike a subsidiary company, a branch office is not provided with local tax benefits since it is treated as a legal extension of its parent company. And with this arrangement, the headquarter is directly liable for all the losses, debts, and liabilities of its Singapore branch office.
Meanwhile, it is a legal requirement for a branch office to hire two Singaporean resident agents who will oversee its business operation.
When it comes to government-imposed disclosure requirements, this business entity may not be appealing for some shareholders since they are also required to submit the audited accounts of their parent company. To know more about branch office, follow this link:
3. Representative office
Legally speaking, a representative office is not really a business entity as it is not allowed to engage in any revenue-generating activities.
A representative office is generally ideal for foreign companies who are not yet sure of the business viability of their services or goods in Singapore and want to conduct an extensive market research before engaging in a full-blown operation. To know more about representative office, follow this link:
Investing funds offshore of one’s home country, there is an immediate benefit of protection against the troubles of the country’s market or currency. Offshore investing can take many forms. Alternative investment vehicles often include a component of offshore investments, such as offshore real estate, or offshore farm land and agricultural production, or even offshore gold and silver storage.
Here at Credi Corp Securities we are committed to offering our clients access to the latest and broadest range of financial services and products on the market. We know that choosing the right strategy, the right investment and the right product is no easy task in this day and age! Whether its advice, investments or financial planning we are here to answer all your questions and facilitate all your financial needs.
Credi Corp Securities: Advantages of Offshore Investments as Alternative Investment Vehicles Offshore investing once was for the ultra-wealthy, those sporting net worth’s well North of $10 million. Now almost anyone can move funds into the more exciting and potentially profitable world of offshore investments. Knowledge of how to enjoy the advantages of offshore investing is much more expensive and rare than with standard home country investing however.
As an alternative investment, moving funds out of your country of origin has largely been a winning trade for the past decade when calculated with currency fluctuations. China, Brazil, and India have all offered higher returns during bulls markets then the U.S. stock indexes over the past decade for instance. While these markets can be played with ETF’s, there are several key shares that must be purchased using offshore investing houses.
Some of the key advantages of offshore investing within an alternative investment framework include: Higher potential returns than the domestic market, much broader range of stocks to choose from, often better pricing than domestic ETF’s, early availability of smaller capitalized issues, protection against single market dependence in real estate, stocks, weather effects, political effects, and currency devaluations.
Much like domestic investing, offshore money management can steer towards main line investing in big projects or companies, or more towards alternatives to the main companies. While the risk can be greater with alternative investments, the rewards can be significantly higher and come much faster with a systematic approach to evaluating alternative investing ideas within an offshore portfolio.
Here are 6 ideas for moving funds offshore and potentially enjoying high alternative investment returns: offshore direct company investment, offshore private placements, offshore currency investment (FOREX), offshore fund investment, offshore gold and silver storage, offshore investment account denominated in a local currency, such as USA Dollar, Australian Dollar, Singapore Dollar, or GBP Pound.
These 6 offshore options for investing can broaden a portfolio. Instead of only being dependent on major stock indexes, the above investments offer security against single market dynamics. Not only is there potential for higher returns, but potential for avoiding massive loses if all of your investments are based on one market and are susceptible to political, economic or natural disasters.
Small businesses owners often find that there are certain times of the year when cash flow is not as healthy as it could be. This could be due to the fact that the business has seasonal customers, money being spent wastefully or through outmoded business practices. Regardless of the reason as to why money is being lost one thing is for certain good business owners and managers are all looking for a way to save the business money.
One way to save money in a small business is to implement small business management software. Software such as this enables a business with less than 50 employees to be operated via one software application. By being able to switch to one application a small business owner can save thousands every year as all other applications that require a monthly or annual fee to be discontinued.
As soon as they see just what small business management software can do many business owners and managers are keen to start using it. Not only can small business management software save a business money in terms of slashing the number of applications a business has to pay for it also saves money in other ways such as:
Increasing the number of leads that are converted into sales with ease. When using small business management software an employee can create a quote and save this to a customers file. This will contain their contact details and other relevant information. If this quote is not accepted within a certain period of time, this lead can then be chased up by the sales department.
By ensuring that projects are always completed on time a business will not lose customers. With small business management software projects can be assigned and tracked in real time. Managers and owners can quickly and easily check on projects that are nearing their due date in order to ensure that they are progressing as they should be. By utilizing this feature projects should never be behind schedule ever again, which means that money will be saved in the long run through customer retention.
Small business management software also allows employee calendars to be seen by owners and managers at a glance. This means that projects and so on can be planned with regard to staffing numbers. Money is therefore saved by ensuring that all employees are working to capacity and not being diverted to projects which are already fully subscribed.
As small business management software is web based it means that it can be accessed from anywhere in the world that has an internet connection. So if a manager or owner is away from the office on business they can access the application and get any information that they need. This saves business money as laptops and mobile internet is not required when an owner or manager visits potential customers.
These are just a few of the ways in which small business management software can save a business money each month.
Canada is the best place for property investment. Many foreign investors are interested in buying property in Canada. As real estate investment in Canada offers some value. There are many advantages of buying the investment property in Canada. Although Canada is less expensive place to live and the standard of living is high.
How Canada come up as a Hot Investment Destination?
One thing that makes Canada a unique place is a beautiful landscape that has left with a large unspoilt and undeveloped locations of Canada. The mixture of modernism with the rustic charm of natural features and attractions is what defines Canada.
The near by cities of US-Canadian border have much developed to be in count of modern twenty-first century cities. Canada has enjoyed the pleasure of getting the maximum status in the worlds top most livable cities. This is because of the huge development in the country. Focus on development of Canadian cities is the major factor of becoming it as the hottest property investment destination of the world.
Why most of the people prefer property investment in Canada ?
Property agents, foreign investors and Canadian citizens are interested in buying the property in Canada, as Canada becomes the most desirable place to live. So the property investment in Canada is also becoming the most attractive prospect. Moreover, the property in Canada has good value because of the increasing demand day by day and as a reaction of which the value of property will also go on rising day by day. The most beneficial part of purchasing property in Canada is that the land is less expensive and the cost of living is lower but the standard of living is high.
Following are the ways to find the investment property in Canada:
-Talk to people. Let them know that you are looking for property and sometimes the property will come to you through them. There are lots of people who havent listed their property but want to sell.
-Online searching. Use internet for searching. Open any browser, enter the type of property, along with the city name where you want to invest in.
-Pay attention to different sign boards like “For Sale by Owner”. Owners often do this to get direct buyers without spending much on ads.
-Search abandoned properties. This type of property, owner might sell cheap.
-Contact to some good property agents. They will charge you but you will get your desirable property.
-Old FSBO ads. Find one/two months old “For sale By Owner” ads, Call them and if they have not sold their property yet then they may be ready to deal. Sometimes owners give up the effort, but still interested to sell.
-Put an ad in the newspaper might help you to generate few calls.
-Talk to bankers might help you to get cheaper property if they have not yet listed it to some real estate agent.
One of the steps you will need to learn as you are growing as an entrepreneur is how to position yourself as an entrepreneur. While this may not seem all that difficult to accomplish, without the proper attitude it can become a bit of a challenge.
To position oneself as an entrepreneur is as much a matter of mental attitude as anything else. It is about thinking and acting like an entrepreneur. Some would say that you have to eat, breathe, and sleep your business. While this may seem a little over the top, if you are serious about your success it’s not far from the truth.
In many instances the difference between success and failure comes down to the person’s willingness to do whatever it takes to be successful. That means that you need not only focus on promoting your business, but also in positioning yourself as the leader of that business.
You need to remember that in the early stages of a business you and your business are the same thing. The people around you will not think of your businesses without thinking of you as well. The pitfall of that attitude is that some new business owners will promote their business during business hours, and then they try to separate themselves from the business when they leave the workplace.
When you position yourself as an entrepreneur you are approaching the situation with the understanding that a business owner I who and what you are. There is not a real separation when you leave the office; you and your business are still the same.
Successful business people find themselves setting goals for their business, dreaming about their business, working through issues with the business, and even promoting their business at all hours of the day. Leaving the office just means that they are changing locations, but they are still working on their business. They don’t mind doing it because it is a passion and they love what they are doing.
You have to understand that when you take on a new client for your business, they are coming not only because of the products and services that your company offers; they are coming because of what you as the owner of the business are offering. If they do not believe you are committed to what you are doing, they will not have the confidence in your business that is necessary. If they believe in you, they will buy into what you are selling.
If you are truly serious about being successful with your business you will need to learn how to position yourself as an entrepreneur. You need to break free of the mindset of acting like an employee and only working on your business during working hours. You need to learn to promote yourself along with your business. After all, in the beginning stages, you are all that will keep that business alive.
Growing AS An Entrepreneur
Skills for the financial sector
Employers recognize that any degree discipline will teach students skills that are vital in the financial sector, and they dont want to miss out on top graduates just because of their degree background. Degrees develop non-technical soft skills: qualities such as clear communication, the ability to analyze information, time management and good organization. Non-cognates often find that their degree subject complements their work in finance. For example, a modern language degree is helpful when talking to international clients; an arts degree is useful when report writing, and a medical background can provide insights when working in the specialist health care market.
Some non-cognates are put off from applying for finance roles because they feel that they will be at a disadvantage compared to their cognate colleagues. If you have some innumeracy, this wont be the case. Training schemes are designed to give all graduates a comprehensive knowledge necessary to do their work, regardless of their degree. Large employers typically provide ongoing training to ensure youre up to scratch.
Some areas of finance will require you to complete a professional qualification. Here again provisions are made for non-cognates, as the professional association will teach you the basics, while exempting cognate graduates from these courses.
Career in Financial Sector
A career in finance or Finance Job involves a whole range of functions, such as determining the impact of decisions that are made in nearly all-functional areas on the financial front. A Finance Job includes administering portfolios and formulating personal financial plans for investors, supervising banking operations, evaluating and suggesting companys capital budgets and strengthening bank relationships.
Finance Jobs generally do not necessarily require a bachelors degree in commerce or a closely related field. Sometimes it is possible to work your way up in finance career from an entry-level position, but higher positions usually require some further study.
TANNAN’S BANKING LAW AND PRACTICE IN INDIA- is a classic legal Treatise and most comprehensive, authentic, authoritative, widely acclaimed,appreciated, recognised and recommended masterwork on the Banking Law and Practice in India since decades, to be precise since 84 years of thefirst edition of this most prestigious book in 1926.
TANNAN’S BANKING is undoubtedly one of the best in the Banking Law field. Every edition of this book has sold like proverbial hot cakes, pointingclearly to its scholastic wealth on the subject, its deft handling by the authors its usefulness, utility and eventually the popularity of the book in the field.
TANNAN’S BANKING in its every edition is eagerly awaited and widely welcomed by the people in the Banking Law field. Present edition is nowreleased with the pride and glory of the previous editions. It is a unique and authentic publication of its kind, authored by a renowned personality, having tremendous knowledge and authority over the subject. New edition is completely revised and updated. The present Revised and Enlarged edition contains 76 Chapters covering entire spectrum of Banking Law and Practice. It contains most upto-date Statute Laws, Case Laws and RBI Master Circulars, Guidelines and Directions and other related matters annotated under appropriate discussions.
TANNAN’S BANKING has always been prescribed and recommended by Indian Institute of Banking and Finance (IIBF), Promotion Tests, Internal andother Exams and is cited and quoted by Hon’ble Supreme Court, High Courts and Tribunals in various judgments.
This most authoritative Treatise is an indispensable guide and reference work for the Banks and Financial Institutions (FIs), Legal Officers, BankingExperts, Branch Managers, Bankers for Promotion Tests, Internal exams, exams conducted by the Indian Institute of Banking and Finance (IIBS), other Universities and Management Institutes, Staff Training Colleges, Law Colleges, Commerce Colleges, Professors of Banking, Academicians, Chartered Accountants, Practitioners, Advocates, Lawyers, Hon’ble Courts, Judges, Bench and the Bar.
When people consider investing in a franchise opportunity, they often envision all the benefits of owning their own business. However, those early months of getting a franchise off the ground can be stressful and require long hours and some skills a franchisee may not have. In this case, it is often worthwhile to consider finding an operating partner.
Finding a franchising partner is not an easy task and should not be done with haste. Unit owners will want to engage a talented individual with skills that complement their own. For example, an owner fresh out of college should look for an individual with experience in the field, explains Franchising.com. But even those business veterans with 20-plus years of experience can benefit from a partner with a significant business background.
There are three strategies the Web site suggests franchisees consider when seeking an operating partner. First, unit owners should make sure any business individual they decide to team up with shares the same goals and objectives for the franchise unit. One way to get a feel for individuals’ motives is to ask prospective partners about their business and personal philosophies, the hours they are willing to work in the beginning stages and if they are interested in long-term growth.
An operational partner should also possess complementary skills – unit owners should not seek clones of themselves. To begin determining what attributes and experiences the franchise could benefit from, owners will need to take an honest look at their own skill set. The Web site suggests considering areas such as marketing, managing, finances/accounting, customer service and technology. However, franchisees should also examine their own personality type, demeanor and operating and managing style.
‘You’ll want to identify the areas where you are strongest and feel most confident. Now, look for a partner that can fill the gap in the places where you are not as strong. Working together, you’ll form a well-rounded management team,’ Franchising.com writes.
Finally, franchisees should look for partners with a good understanding of the local market, including people, places and other factors. Deep market knowledge can aid a franchise in everything from site selection to marketing. This is particularly important if a franchisee is relatively new to the area – someone with good local knowledge will be able to help the unit attract employees and customers as well as work with local vendors and suppliers.
Once a franchisee has found an operating partner, he or she should make sure to create boundaries and job responsibilities to avoid conflict and tension when business inevitably becomes stressful. One technique the Web site suggests is designating a third party to help make decisions when partners hit a logjam.
One of the reasons that some business owners do not have a business bank account is because they do not know how to open business bank account. It is not uncommon for small business owners to go for years without ever needing a business account and, therefore, have no idea how to go about. There are several advantages to opening a separate business account such as being able to track spending and making tax reporting easier. It is not difficult to open your own account. Once you have a bank account for your business, you can then enjoy the benefits the account has to offer.
The first thing you need to do to open business bank account is get a business certificate. This is usually done through the licensing department of your local county government. If you call your business something other than your name, then you will need a DBA certificate which indicates that you are doing business as another name. Even if your business is called Bob Smiths Landscaping, it is still a good idea to get a DBA. When your company name is different than your business name, it helps your business to sound more legitimate and helps people to see that your business is its own entity.
Once you have your business officially registered and the piece of paper to prove it, then you can head over to the bank to open business bank account. But before you do that, you should spend time talking to different banks to get the best deal. Each bank has its own different way of administering business accounts. A business account will traditionally come with several more features than a personal account such as customized statements. Business accounts will also come with a schedule of fees that will differ from bank to bank. Take the time to find the bank that gives you the best possible deal before you decide on an institution to go with.
Spend some time becoming familiar with the features of your account once you open business bank account. As you get used to how the account works, you will begin to see all of the benefits it has to offer. After a while, you will wonder how you ever ran your business without a separate bank account.
A high yield investment program (or HYIP) is one of the most interesting investments out there. However, like a number of investment opportunities, it has been the target of a number of scams.
The simple version is that it is an investment method that offers a high rate of returns with some risk. The investor can invest small amounts into a HYIP, which can, if it does well, yields a higher-than-normal rate of return, which you can then cash out or re-invest. While investing, you can discuss how the investments are doing and find out about scams on websites called monitors, which keep an eye on how HYIPs do.
The slightly more interesting version is that an investor sets up an account with an HYIP, and then invests a certain amount of money into the HYIP, which can be for either very small amounts or for large amounts, depending on how much you want to invest. You decide when to pull out, and then what to do with the funds.
However, be advised that it is an investment and carries with it all the risks of an investment. As such, there is the real possibility of losing the money that you invest, for all the usual reasons. Dont invest more than you can lose, and thoroughly check out the investment before giving the HYIP a single cent, just as you would any other potential investment. And be aware that, just like other investment, there are some HYIPs that are scams.
Using an HYIP as a scam is abetted by a number of factors. The first is the mystique of investing; too many people jump into investing without really bothering how it works, and hoping to get something big for something little. There is also that it relies on e-gold, which, although it has a number of advantages, but transfers cant be reversed; unlike a credit card, if a transaction goes wrong, you cant get the money back. The last is that it looks like just another HYIP, and can therefore fool most people into putting money into it, which then disappears.
Another part of the problem is that they can be easily be used for ponzi schemes, either fueling one or being the bottom layer of one. Just be watch out for very-well performing HYIP, including those with an outrageously high rate of returns, and trust the monitor sites.
Although it can be a great opportunity, you need to go into it with your eyes open. If you find a scam, then report it to the nearest Treasury office or monitor website. If you dont, then you may have just found the way to an early retirement.