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  • Private bank accountsDatum29.07.2024 13:54
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    Private banking is a set of financial and banking services typically offered to wealthy clients — also known as high-net-worth individuals — by a bank or other financial institution. In comparison to usual checking accounts, a private bank account is traditionally opened with the expectation that the bank will manage the money for you. If you are looking for a secure and prestigious bank for wealth management or other private banking services, the Confidus team can help you find the most efficient solution to fit all your needs.

    Opening a private bank account requires a certain amount of paperwork and there will be a procedure to go through. While the main condition for opening a private bank account is being able to deposit a certain amount of cash, there are cases when applicants are denied a private bank account for other reasons. Every year, approximately 5% of applications are turned down due to suspected fraud or illegal activities.

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

    In today's highly digital world, ways of doing various things have changed dramatically – staying connected with family and friends, doing business, learning and of course – trading. Over the years, technology advancements have provided us with the convenience of online payments. Trading online is possible with credit or debit cards, using payment services, such as Paypal, or using cryptocurrencies.

    Cryptocurrencies are digital assets designed to serve as a medium of exchange and uses cryptography to secure the transactions as well as to control the creation of new units of the currency. Cryptocurrencies are usually classified as a subset of alternative currencies, also called digital or virtual currencies. As opposed to standard money and centralized banking systems in the world, cryptocurrencies are controlled decentralized – using blockchain transaction databases.

    BitCoin became the first cryptocurrency in 2009. Interestingly, BitCoin inventor, Satoshi Nakamoto, did not want to invent an alternative currency but it emerged as a side product to another invention. His initial plan was to develop an electronic cash system that is completely decentralized with no servers or central authority. But over time, BitCoin has gained great popularity despite numerous tries to develop new cryptocurrencies (most of them are called altcoins from alternative and bitcoin, showing their relatedness to BitCoins).

    Why cryptocurrencies are so popular?
    As one of the key driving forces behind the increasing value of BitCoin, is its widespread usage across the world with many now choosing to make payments via BitCoin instead of using other methods. For consumers, a possibility to use BitCoin means increased ease and convenience in addition to higher security if comparing to a credit or debit card due to significantly lower risk of identity theft and fraud during online trading. Popularity among consumers is growing also because acceptance of BitCoins is increasing among businesses. Nowadays, trading in real life is also possible using BitCoins – from restaurants and coffee shops to real estate companies and other establishements who accept BitCoins. It is more than likely that with the growing value and popularity, the number of businesses and retailers that accept BitCoins will continue to rise. Among others, it is possible to point out various other benefits of BitCoin:

    Quick and cheap transactions – when transferring BitCoins, transfer fees are significantly lower compared to other conventional types of money. In addition, international money transfers can take from several days to more than a week to be complete, whereas BitCoin transaction is generally comple within an hour. This is due to BitCoins being completely global and subject to very few laws or restrictions of any country's central banking institution;
    This leads to the next characteristic of BitCoin that is appealing to investors – as it is completely digital, BitCoins do not have physical production or storage issues, it is not controlled by the government or the central banking institution of any country, therefore it cannot be influenced by monetary and fiscal decisions or political actions;
    In the world of financial trading, BitCoin is a new area of investment, which brings rather huge volatility and behaves differently than other conventional currencies. In late 2013, investors started to see BitCoin as an attractive investment vehicle. BitCoin gained in value massively from 200 USD in November 2013 to more than 1000 USD only a month later. It is important to point out, that volatility not always leads to exceptional gains. One of the reasons for BitCoins volatility is the uncertainties related to its legitimacy. Many countries still have not decided how to regulate cryptocurrencies. And when they do, it may have a great impact on the value of BitCoin and its future as the most popular cryptocurrency.

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

    Order one of the provided Estonian individual support or wealth management services and we shall provide you a custom, tailor-made solution. Confidus Solutions, collaborates with a number of professionals from different industries, develops an efficient strategy and creates a unique solution designed for each customer specifically. Once the communication is established, you will receive a list of documents and information required to proceed.

    Support & legal services in Estonia
    Confidus Solutions employs a wide range of experts in different fields: lawyers, real estate experts, bank agents, accountants, tax consultants, and other professionals. Our company's representatives have vast experience dealing with individual clients, providing wealth management, personal tax planning, due diligence as well as transaction assistance services. Confidus individual services can provide you tailor-made solutions in Estonia.

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

    Membership in International Unions
    Whether it is an alliance, incorporated union, federal union or supranational body here is the list of unions the country is a member of. The Republic of Congo is a member of several unions. They are African Union, International Monetary Fund, United Nations, World Bank, World Trade Organization.

    African Union
    The Republic of Congo is a member of African Union. On 25 May 1963, it joined the AU as a full member state. The African Union (AU) is a continental union consisting of 54 countries in Africa. The AU was established on 26 May 2001 in Addis Ababa and launched on 9 July 2002 in South Africa. The main objectives of the AU are to promote international cooperation and intensify cooperation for development as well as to safeguard the sovereignty and territorial integrity of member states. The most important decisions of the AU are made by the Assembly of the African Union. The assembly is a semi-annual meeting of the heads of state and government of its member states.

    International Monetary Fund
    The Republic of Congo is a member of International Monetary Fund. On 10 July 1963, it joined the IMF as a member. The IMF is an organization headquartered in Washington, D.C., of 189 countries working to foster global monetary cooperation, secure financial stability and facilitate international trade. The IMF now plays a central role in the management of balance of payments difficulties and international financial crises. The union is governed by and accountable to the all 189 member countries. As of 2010, the fund had SDR 476.8 billion (about US$ 755.7 billion).

    United Nations
    The Republic of Congo is a member of United Nations. On 20 September 1960, it joined the UN at its inception date as a full member state. Founded in 1945, the United Nations is an intergovernmental organization to promote international co-operation. The work of the United Nations are guided by the principles contained in its founding Charter. It is currently made up of 193 Member States. The headquarters of the United Nations is in Manhattan, New York City, further main offices are situated in Geneva, Nairobi and Vienna. Its objectives include maintaining international peace and security, promoting human rights, fostering social and economic development, protecting the environment, and providing aid.

    World Bank
    The Republic of Congo is a member of World Bank. On 10 July 1963, it became a member of the World Bank Group. The World Bank is international financial institution that provides loans to developing countries. It's like a cooperative, made up of 189 member countries. These member countries are represented by a ministers of finance who are the ultimate policymakers at the World Bank. The World Bank's official goal is the reduction of poverty.

    World Trade Organization
    The Republic of Congo is a member of World Trade Organization. On 27 March 1997, it joined the WTO as a member. The World Trade Organization is an intergovernmental organization which regulates international trade. At its core are the WTO agreements ratified in national parliaments. It is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence.

  • Joint-stock companiesDatum08.03.2023 15:47
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    A joint-stock company is a form of corporation that acquires legal personality from the date of its incorporation and is commonly used for the conduct of business. The company's share capital consists of the total contributions of its shareholders. The shares can be publicly traded, which provides an incentive for investors needed for further business development. At the time of the incorporation of the company, the shareholders can declare it a closed company, which means that shares can be transferred to any person, but the current shareholders must have a prior disclaimer. At the time of incorporation, shares may be issued in a variety of forms, including bearer, registered, or preferred.

    Functions of a joint-stock company
    The ultimate goal of all businesses is to run a business and make a profit. A joint-stock company is a useful type of company for attracting investors and additional funding in return for the investor receiving shares that give the right to dividends. Stock corporations often grow into large corporations. They are most commonly found in the financial services sector – credit institutions, banks, insurance companies and other payment and financial institutions are very often public companies. These companies obviously need financial stability and plentiful funds in an emergency.

    Advantages and disadvantages of a joint stock company
    The advantage of this type of incorporation concerns the liability thresholds. In principle, the shareholders of a stock corporation are only liable up to the amount of their contribution to the company. So if the company goes bankrupt, creditors cannot claim compensation or seek damages from the shareholders personally. Conversely, the company is not liable for the liabilities of its partners. The strict separation between shareholder and corporate liability follows the principle of the legal person.

    Another benefit is the ability to raise the necessary funds to start the business. In the start-up phase, it can be difficult for a company to obtain seed capital. However, if few business partners make an investment to achieve a single goal, the business start-up plans are likely to be more realistic. At the same time, joint investments are directly linked to joint profit sharing. So if the company is making a profit, the dividends should be paid pro rata to each shareholder.

    The duties and powers of a board of directors of a company are based on the applicable commercial law and the articles of association of the company. A public company typically has a two-tiered board of directors, which helps to control day-to-day decision-making and prevent mistakes, but a complicated governance structure can hamper the speed of decision-making at times when rapid response is required.

    If you are planning to set up a company in the form of a public company, we strongly recommend that you contact us beforehand. We will inform you comprehensively and in detail about tax planning options and the most efficient corporate structure for your company.

  • Trademark protection in ChinaDatum27.01.2023 09:28
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    The Chinese market is huge and evolving, so there are many benefits to registering your trademark in the registers of the Trademark Office of the State Administration of Industry and Commerce of the People's Republic of China (SAIC).

    Since the entry into force of the TRIPs agreement, the legislation on registration and protection of trademarks in China has become more and more similar to that in Europe. Nevertheless, the process was gradual and not yet complete, as the TRIPs agreement provided only basic rules that could be implemented by the states, dividing the agreement in the long term according to their legal situation. Companies that do not promptly register their trademark in China face many problems when trying to fight counterfeiting of their products in order to obtain trademark protection in China.

    If you don't register on time, there is a big risk that your brand has already been “copied” and registered by a local company in China before you start your expansion in the Chinese market.

    In fact, unlike courts in Europe and the United States, Chinese courts can completely reject the global practice of granting protection to unregistered trademarks of well-known companies. For example, in 1996, a Chinese apparel company registered a graphic of a horse identical to Ferrari's. The Chinese Trademark Office rejected Ferrari's objection to the registration on the grounds that the Chinese company had applied for registration of the graphic first (first-to-file principle). Ferrari appealed the decision, arguing that the symbol was recognizable as the symbol of the Ferrari brand around the world, including China. In 2007, after 11 years of litigation, the Beijing First Intermediate Court ruled that Ferrari's horse graphic was not a famous brand among Chinese consumers and deserved no legal protection, although the "Ferrari" name was.

    In the near future, the situation may change due to the development of Chinese technology and trade, which will make Chinese companies interested in trademark protection as well as European and American companies, which could make the competition even fiercer.

    Considering that the mere use of the trademark without registration is legally irrelevant, you should act before starting your commercial activities. This is also important because the effects of legal protection in China come into effect from the moment of registration and not just from the moment of filing, and the usual time to obtain a registration is around 2-4 years.

  • Company formation in Sri LankaDatum16.11.2022 19:07
    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 Sri Lanka
    When setting up a business in Sri Lanka, 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 Sri Lanka 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 Sri Lanka
    In connection with the incorporation of a company, it is necessary to open one or more bank accounts in Sri Lanka. 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 Sri Lanka
    Since a registered address is a necessity for international business, Confidus Solutions enables foreign investors to set up a virtual office in Sri Lanka. 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 researching a business formation in Sri Lanka, 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.

  • Infrastructure of AfghanistanDatum05.10.2022 18:49
    Thema von MarkBennett im Forum Dies ist ein Forum in...

    Afghanistan's logistics performance index is 2.07. It indicates mediocre performance - transit procedures are relatively unreliable, punctuality and safety of transported goods are often an issue, although such a system can work relatively well when traffic is not too heavy.

    Inch performance is rated at 2.16. This indicates mediocre performance - although somewhat ineffective, clearing processes do not unduly deter international business activity, occasionally fees and/or required documents can be unpredictable, long clearing times can also be an issue.

    The infrastructure quality in Afghanistan is rated at 1.82. It indicates mediocre quality - roads, railways, ports and other facilities are capable of handling some significant traffic, but not enough to ensure smooth transit at all times.

    International shipping quality is 1.99. It indicates a mediocre performance - the services provided are reasonably attractive to foreign customers, and the price is right up there with the quality, which is still not very competitive.

    The competence of logistics service providers is rated at 2.12. The providers are of mediocre competence - they can ensure a certain quality of their services, sometimes even outstanding, although their overall performance can still be deficient in many aspects.

    Tracking options for shipments are rated at 1.85. It indicates mediocre performance - the tracking systems provide some information, which usually includes the most necessary subjects, such as the current location of a shipment, the arrival and departure dates and the status of a shipment; however, there is usually a lack of more detailed information on the status and multilingual accessibility options.

    Tracking options for shipments are rated at 2.48. It indicates a so-so performance - most shipments arrive either towards the end of the scheduled timeframes or late.

    In Afghanistan, 43% of the population has access to electricity. Afghanistan has 52 airports nationwide. There are 223 internet hosts in Afghanistan.

    Road network
    The total road length in Afghanistan is 43,670 km (27,141 miles). Of these, 0 km (0 miles) of roads are classified as freeways, dual carriageways, or freeways.

    Gas price
    On average, a liter of petrol costs USD 1.07 in Afghanistan. A liter of diesel would cost $0.63.

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