Business and Finance

It is essential to get a hold on your taxation status immediately after moving abroad, especially if you are planning to settle there for a prolonged period. In fact, the taxation status of an individual can often dictate the amount of tax he/ she will pay. This may even help you to gain capitals or income taxation breaks. On the other hand, with an improper taxation status you can even come across double taxation issues. In fact, such matters can also raise issues relating to the residence status of an individual.

Thereby, it is important that you understand the tax related laws and rules of your home country as well as of the new country, where you are planning to settle. In addition, you will need to focus more towards international tax planning.

There are a number of professional groups who offer these types of services. In general, these types of tax professionals fall into 4 categories:

1. Local Accountants

You will need to appoint a local accountant in your home country who will help you to understand the various perspective of international taxation. In fact, you will also need to appoint an accountant in your new country of residence, as it is unlikely that a local accountant in your home country will have in depth knowledge about the tax related laws, rules and breaks of another country. Thereby, it is better to employ two professionals in order to ensure that all your potential liabilities will be well covered in both the countries.

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An offshore corporation is the one which is incorporated in an overseas country in order to reap the advantages of fertile business prospective. Offshore company incorporation gives wonderful opportunity to the companies to expand their business in the market, and involve themselves in activities that may earn them goodwill. Offshore company incorporation can offer an individual with numerous benefits which an onshore corporation may not provide. With quick and easy exchange of information these days, starting a business offshore has become rather easy.

Reasons to Incorporate Company Offshore

* Offshore operations are quite easy compared to onshore ones. Depending on the type of business to be held under the name of the company to be incorporated, operating restrictions, and accounting and auditing requirements are less limiting offshore than onshore. The benefits of easing operations especially for a start up or small business unit in reduction in the operating costs.

* Reporting simplification is another major reason. In most of the offshore jurisdictions, the company activity requirements are simpler and fewer than the business activities. Also, personal information regarding the shareholders and directors need not be announced in all cases.

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In case you are planning for offshore investment projects and business, it is better to evaluate the personal circumstances. In addition, you will also need to consider whether your investment projects and business will suit that particular offshore framework. After understanding the related laws and rules of the offshore jurisdiction, you need to register your offshore company.

Offshore company registration is usually prepared and filed by a Registered Agent. Thereby, you will need to hire an efficient Registered Agent who will prepare the Memorandum and Articles of Association on your behalf.

The Memorandum:

While creating the Memorandum, your Registered Agent will prepare the basic structure of your offshore company. This will include the name and the purposes of the company, the amount of authorized capital, every detail of the shares that you will be issuing, the denomination and the par capita value of the shares. In is also necessary to include classes and the rights attached with your company’s shares. You Registered Agent will also have to include any other information that are related or may affect the existence of your offshore company.

Continue reading ‘Offshore Company Registration: the Procedure’ »

In case you are planning to create an offshore company or to move all your liquid assets to a foreign country, you will need to opt for an offshore law firms. These offshore law firms are actually a great boon for the owners of international business companies that enable them to resolve all their legal and financial issues in a different jurisdiction. They can even help you to purchase properties in different foreign countries as well as provide legal advice about your taxation status, credit history and other legal issues.

The services offered by the offshore law firms:

The offshore law firms also provide international consulting. The legal advisors of such companies help you to set up commercial enterprises in multiple international jurisdictions. Apart from helping you to establish your international business company, these types of law firms also provide services for opening bank accounts and banking licenses. They can even help you to obtain yacht registration as well as to get licenses for gambling.

Moreover, these types of law firms have expertise to create unique legal solutions in order to meet your specific needs. They are also very strict about the privacy of legal information and maintain all your confidential records on your behalf.

Continue reading ‘Tips for Selecting an Offshore Law Firm’ »

I was having software problems. When I have technical problems I have a variety of symptoms, including high blood pressure, accelerated heart rate, and in extreme cases full-fledged temper tantrums including lying flat on my back pounding my fists and… you get the idea.

But in this case I’m thinking of I actually got the programmer on the line. After trouble-shooting the problem for a while, the programmer mentioned that the problem appeared to be a PEBCAK PROBLEM.

PEBCAK: (Prounced Peb-kak). Short for “Problem Exists Between Chair And Keyboard.”

He patiently explained what a PEBCAK problem was, being careful to use very small words so I would understand.

At first I didn’t think it was very funny, (if you didn’t get it yet, the problem between the chair and the keyboard was ME!) But in hindsight, that short conversation has served me well since then, as I have taken more responsibility for my technical frustrations and made sure I knew what I was doing BEFORE getting help.

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Some companies can’t seem to get out of their own way. Declaring themselves customer-centric, they turn right around and design business processes along departmental boundaries, creating stovepipe operations that frustrate customers. Upon review, management discovers the company is accomplishing its internally generated goals. Yet the customers aren’t happy. People are “doing things right,” but they aren’t doing the right things to create outstanding customer experiences.

Why? Because too many companies fail to obtain meaningful customer input before designing business processes. They fail to understand which behaviors their customers value and which behaviors create frustration in the customer experience. Ultimately, senior managers must ask themselves a single question before including any given activity in their business processes: “What is the value of this activity to my customer?”

I recently asked the president of a midsize subsidiary of a large, highly visible company, what his sales agents would say prevented them from selling more. He laughed and replied, “They would say ‘us.’” When I asked what he meant, he gave me several examples; this one is very typical.

Continue reading ‘"delivering on the Customer-centricity Promise: Design Business Operations Around Customers"’ »

Congratulations. You have created your business mission and vision statements. They are clear, defined and match your business products or services. Next comes the important work of communicating them to your employees, customers, vendors – anyone that plays a role in the future of your business.

This step should be repeated often in the history of your business. It is an accepted fact that customer retention has diminished. The barrage of deferring product and service information spearheaded at both current and future customers has produced mis-information, credibility loss, and inaction, and will stagnate your business if not challenged.

It is true that the old adage “actions speak louder than words” has taken a back seat in the current business environment but that is not the only or even best key to rely on for the success of your business. Here are strategic actions to produce positive results by communicating your mission and vision statements:

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Di Sien Consultants kami menyebutnya dengan nama Self Assesment Management. Artinya perusahaan yang kami tangani harus bisa mandiri menganalisa permasalahan dan mencari jalan keluar di masa mendatang setelah bisa mandiri lepas dari kami.

Sebagai Konsultan / Consultant Manajemen dan Konsultan / Consultant Business Strategy pekerjaan kami adalah memberikan konsultasi dan training atau pelatihan sehingga klien kami mengalami kemajuan dan progress perusahaan yang cukup maju. Dengan metode business check up atau gap analysis, konsultan / consultant manajemen kami melakukan proses awal untuk mengetahui positioning dari perusahaan untuk kemudian menjadi bahan memperbaiki divisi yang harus dibenahi terlebih dahulu.

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Robby Kyosaki, the writer of “Rich Dad and Poor Dad” said that starting a new business, like jumping without parachute. We have to create parachute and try to repair in order to be saved to the ground. If we are failed to create parachute, it have to be failed and death. There are two choices after starting a new business, success or failed. We have to improve and create innovation in order to defense our business stay long between a lot of competitors or getting up quickly after failing. Bill Gates dropped out from Harvard University when he was making decision to start Microsoft with his friend Buddy Allen. His decision, made his parents depressed and disappointed. He had to face bitterness in his first project because of failure. He tried to get up and never give up. People world wide never imagine that Bill Gates started his Microsoft Company from his tiny computer in the small room. Live is unpredictable and full of challenges. We have to be ready facing it and have strategies to start it,

1.Have attitude to attain success
Mental entrepreneurs have to be ready to loose and win. We have to prepare to be success or failed. Do not be desperate when we are failed and ready to start again.
Thomas Alfa Edison that had found electricity said that failure was not failure. Failure was learning time, made evaluation and starting again. Without failure, one never knows their fault.

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In a time with so much economic uncertainly, consumers are on the hunt for bargains. And consumers aren’t the only ones tightening up their belts; businesses large and small are scrutinizing purchases more than ever.

Whether your company sells to consumers or business, creative promotion strategies can give sales a much-needed boost to revenues in a difficult economy. To generate ideas, take a look at the big retailers. While the economy is slow, the big box stores are pulling out all the stops to bring customers in the door (and to their websites).

Following is a list of promotion strategies from the real world. Use these to inspire ideas for generating creative promotions for your business. Though many of these are used in retail sales, they can easily be replicated for all kinds of businesses.

Gift with Purchase

One local furniture store frequently gives away substantial gifts with purchase. For example, buy a bedroom set and get a flat screen T.V. or a gas barbecue. The cost of the bonus item can be subsidized by partnering with the maker of the give-away (they offer it at cost in exchange for publicity).

Falling Prices

Many retailers are trimming prices across the board and using the opportunity to advertise: “Check out our new lower prices!” You can bet that they will raise prices again later when the economy begins its recovery, but in the meantime, it gives them an edge over their competition.

Continue reading ‘Promotion Strategies to Crank Up Sales in a Slow Economy’ »