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  • Bank account opening in ThailandDatum07.03.2024 19:25
    Thema von PetersGrant im Forum Dies ist ein Forum in...

    With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Thailand. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates, tax laws, and fees vary depending on the specific country in which you are investing; careful research and strategic financial moves could result in significant portfolio growth.

    When considering opening a bank account in Thailand, one must enlist the help of international experts to guide them through the process.

    Legal structures in Thailand
    Every international jurisdiction abides by a different set of legal structures for taxation and banking. Confidus Solutions helps you to understand the nuances of each country's legal structures. To do business in Thailand, it will be critical for you to have a firm grasp on the financial and legal implications.

    Initial investments
    The vast majority of bank accounts in Thailand will require an initial financial outlay to secure account opening. This value differs from bank to bank and also depends on variable rates of currency exchange. An international finance expert will help to navigate these conversions as well as the assorted fees and minimums involved in sustaining a bank account. Be sure to understand interest and growth rates associated with any potential international bank account so that you are able to maximize your earnings while minimizing risk.

    Tax structures in Thailand
    For best results and to avoid bureaucratic and legal pitfalls, enlist the support of an expert in international finance and economics. This initial investment in proper processes and research will help to avoid a litany of long-term costs and fees associated with unforeseen errors and legal miscues. Language expertise, financial knowhow, and bureaucratic experience will ensure that your account opening is handled smoothly and without unintended consequences.

  • Industry of NorwayDatum11.01.2024 12:55
    Thema von PetersGrant im Forum Dies ist ein Forum in...

    Major industries in the country are petroleum and gas, shipping, fishing, aquaculture, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles. The Industrial Production growth rate of Norway is 0.3%.4.3% of population in the country are unemployed. The total number of unemployed people in Norway is 230,195. Norway produces 144,700 GW/h of electricity each year. Norway emits 9.2 metric tons per capita of CO₂. On average, you would pay 2.27 USD for one liter of gasoline in Norway. One liter of diesel would cost 1.56 USD.

    The total labor force of Norway is 2,794,820 people, wherein 3% are working in agriculture, 21% are working in industry, and 76% are employed in services. People in Norway speak the Norwegian, Nynorsk, and Bokmål languages.

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

    Confidus Solutions can offer banking services in any jurisdiction worldwide. You can see a full list of the jurisdictions we offer here. However, bear in mind that different jurisdictions may have different legal and compliance requirements, and so we would advise you to consult our agents prior to choosing a specific jurisdiction.

  • African companiesDatum19.03.2023 11:24
    Thema von PetersGrant im Forum Dies ist ein Forum in...

    You can incorporate a 'sharikat al-mossahamah' in Egypt or a 'société anonyme' in Morocco; these are generally the most common legal structures for companies throughout all of Africa. In Egypt, you can also incorporate an SAE, an LLC and several other types of legal entity. SAE in Arabic stands for “sharikat al-mossahamah”, and closely resembles the United Kingdom’s plc. LLC in English stands for “limited liability company”, which is very similar to the United Kingdom’s limited company. Before registering a company, you should have a thorough understanding of all the advantages and disadvantages of each African jurisdiction, including Comoros, Mauritius, the Seychelles, Cape Verde, Mayotte, the Madeira Islands and the Canary Islands.

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

    A trademark is a recognizable design, phrase, or mark that distinguishes a product or service from a particular source from those of others. Sometimes a mark used to identify a service is called a service mark, particularly in the United States. The trademark can be owned by a company, legal entity or individual and is usually found on a label, packaging, voucher, the product itself or sometimes even on company buildings. The primary purpose of a brand is to communicate that a product comes from a unique source and to differentiate it from other, similar products. For example, a trademark application serves to protect a brand name in order to preserve its original authorship.

    Trademarks are protected by intellectual property rights. Intellectual property means a creation of the mind and a monopoly over that mind, assigned and protected by law to the owner of that intellectual property. Trademarks, patents, copyrights and design rights are all part of intellectual property rights. Any unauthorized use of the trademark through the manufacture or sale of counterfeit consumer goods constitutes an infringement of intellectual property rights known as trademark piracy. In the event of such infringement, the trademark owner may take legal action against trademark infringement.

    Reasons to register and protect your trademark
    Some countries, including the United States and Canada, recognize common law trademark rights, which allow action to be taken to protect a brand name even if a trademark has not been registered on it. Nevertheless, it offers significantly less legal protection compared to registered trademarks. Most countries now require formal trademark registration in order to take legal action against trademark infringement. Below is a quick guide on how to go through the process of registering your own trademark.

    If the brand name is already in use before the trademark is registered, registration can be applied for under the concept of commercial use, declaring that the brand name is used commercially and is dated when it was first used. The declaration is usually included in the standard application form, which then has to be submitted to the competent authority with a sample showing the use of the brand name. Before submitting the registration form, it is necessary to search for existing trademarks related to a specific brand name - this can be done online.

    Recent major trademark infringement cases
    There have been numerous trademark infringement cases in the history of industrial property rights. Each of them serves as a reminder that intellectual property infringement is as serious an offense as physical property infringement.

    #1 Louis Vuitton vs. Louis Vuitton Dak
    Fashion designer Louis Vuitton recently won a trademark lawsuit against a South Korean fried chicken restaurant, Louis Vuiton Dak. The court ruled that not only was the restaurant's name too similar to the fashion brand, its logo and packaging closely resembled the designer's iconic imagery.

    #2 Starbucks vs. Freddocino
    In 2016, Starbucks took legal action against the company that owns the Coffee Culture Cafe in New York after it launched a drink called Freddocino. Starbucks owns a trademark for the term frappucino and notes that not only do both names share too many similarities, but both drinks share the same structure and visuals.

    #3 3M vs 3N
    3M initiated a lawsuit against a Chinese company using the 3N brand name and won on the grounds that the company had managed to attract customers and a significant market share thanks to similarities with 3M and its high distinctiveness and reputation of this brand name.

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

    The legal structure of your business is among the most important factors that will greatly affect you and your business throughout its existence. Therefore, it is important to carefully weigh all the pros and cons before starting the business, as your choice of business structure will have a major impact on how you run the business, how you pay taxes, and who controls your business. The key is to understand which legal form offers your company the greatest advantages on your way to achieving organizational and personal goals. In general, there are four main factors to consider before the company formation process: limitation of personal liability, taxes, ease of transferability of shares and registration of new owners, and finally – investor expectations.

    When setting up a company in Belgium, you have many options to choose from when it comes to the legal form of your company. Different types of business structures in Belgium suit a variety of business needs. Both domestic and foreign investors can choose the legal form that best suits the needs of a particular company. In addition, those who choose to register a company in Belgium can benefit from a relatively quick and straightforward process.

    Belgium has a wide range of possible business forms, each with their own advantages and characteristics. While certain business types are more suited to large corporations, other types are being developed to meet the needs of small and medium-sized businesses. In general, small and medium-sized companies can benefit from choosing a simpler legal form, especially if the company does not plan to be listed on the stock exchange. To make the right choice, entrepreneurs should consider the amount of capital they wish to invest in the early stages of the business and the shareholder responsibilities associated with each type of business.

    Limited Liability Company (BVBA/SPRL)
    This type of structure is one of the most popular legal entities and is generally used for small and medium-sized businesses that are privately owned. Before choosing this type of corporate structure, investors should consider that there are certain aspects that make them less flexible compared to a public company. For example, it is not possible not to issue either convertible bonds or participation certificates, nor is it possible to pay interim dividends. In general, the main advantages of PLLC are as follows:

    Only two people required for installation (there is also an exception when only one person is needed);
    Owners of the business are only liable for the amount actually contributed;
    Relatively low minimum capital.
    The required minimum capital is EUR 18,550; it must be paid by the founders of the company, who may be individuals or companies, Belgian citizens or non-citizens, residents or non-residents of the country. Each issued share must be paid up at least 20% before incorporation and the minimum amount is EUR 6,200. If a company has only one founder, at least EUR 12,400 must be paid in. All shares in this company are registered shares and must be entered in the share register. Certain restrictions apply to the transfer of Shares.

    Public limited company (NV/SA)
    This form of business is usually chosen for larger companies, since the minimum capital is significantly higher than for a limited liability company. It is also advantageous to choose this type of structure for a company that needs a lot of capital, since the company can attract external capital. The minimum capital is at least EUR 61,500 and at incorporation at least 25% of each share must be paid up with a minimum aggregate amount of EUR 61,500.

    Unlike PLLC, Public Limited Liability Company shareholders do not play a significant role as at least three directors must be appointed to run the company. If there are only one or two shareholders, it is sufficient to appoint only two directors. According to Belgian company law, when a company is appointed director, a permanent representative must be appointed.

    Following documents and other information are required upon incorporation of Public and Private Limited Liability Companies:

    Full details of the founders’ identities;
    A financial plan for the first two years;
    Bank certificate approving the capital;
    Founders’ powers of attorney;
    Letter of acceptance from the directors;
    Passport copies of the of the directors;
    Articles of Association;
    Act of incorporation;
    Minutes of the first general meeting to appoint directors;
    Minutes of the first board meeting for certain business decisions;
    Registration with the tax administration;
    Registration with the trade registry or filing with the commercial court;
    Publication in the Official Journal;
    Registration with the social security and VAT administrations.
    Limited Partnership (SCS/GCV)
    Limited Partnerships have two types of partners with different legal regimes. General partners are jointly responsible for the partnership’s liabilities. General partners are also the ones who manage the company. Meanwhile, limited partners are only responsible for the capital they have contributed towards the Limited Partnership. They also do not acquire a trader’s status and are not involved in the management of the business. There is no requirement for a minimum capital to incorporate a Limited Partnership and also less administrative formalities are required. It still remains less common due to the full liability of general partners.

    Other types of business structures in Belgium include:

    Cooperative with unlimited liability (SCRI/CVOA);
    Cooperative with limited liability (SC/SCRL – CV/CVBA);
    General Partnership (SNC/VOF);
    Sole Proprietorship.

  • Registered officeDatum09.10.2022 13:20
    Thema von PetersGrant im Forum Dies ist ein Forum in...

    Registered Office & Secretary
    Some jurisdictions laws require to assign a Corporate Secretary with association of the Registered Office of the company. For example, it is required by law officer in Gibraltar, Cyprus, Malta and Hong Kong. Or, it is an optional position in Ireland, United Kingdom or Marshall Islands. A Corporate Secretary is quite a different positon from what we commonly understand by secretarial services. A Corporate Secretary is an official officer in the company, who oversees the efficient administration of a company, especially in respect of compliance with statutory and administrative requirements. The main duties of the Company Secretary may vary from country to country, but commonly those are:

    To keep and sometimes issue share certificates;
    To maintain the company’s statutory registers;
    To maintain and update all company registers;
    To keep the company’s seal;
    To prepare the notices for board meetings or shareholders’ meetings;
    To prepare and lodge filings and minutes of the company’s meetings;
    To prepare and file annual returns and other financial documents with the Trade Register;
    To prepare any other document required by the law;
    To sign statutory declarations on behalf of the company and authenticate documents.

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