Tax Havens

Businesses involved with international import/export, marketing and media, shipping and manufacturing have found substantial cost savings from using offshore tax accounts and have often, most visibly from online gaming and spread betting companies, passed these savings onto the customer. So, both businesses and consumers, via lower costs, can benefit from companies being based in tax haven.Tax havens are so-called as they have traditionally been a haven for wealth. Thus, banks and offshore financial services based there have built their reputations by means of a long history of providing products and services with their customers in mind. Lets not forget that there are many banks and financial institutions, in many tax havens, all competing for your money. Service tends to be excellent, and products really are tailored for an individuals needs.There are many other reasons why tax havens exist. Confidentiality laws are stringent, access to international markets is easy and you may find it beneficial to bank in more than one currency. Security of your money is generally excellent since these banks have more of a niche market, and arent so heavily leveraged as many lending banks on the high street.There are many different offshore banking jurisdictions located around the world and it will be up to you and your financial adviser to select the jurisdiction most suited to your needs.What is an offshore jurisdiction?Offshore jurisdictions are traditionally, but not restricted to, small islands and places that require a much needed revenue stream. They are often close by, either physically or politically, to a much larger and more powerful country (for example the Isle of Man and the British Virgin Islands to the United Kingdom). However, there isnt always a big brother, little brother dynamic; for instance the Islands of the Seychelles have a strong foundation of offshore banking but they arent found next to a mainland giant and dont have an overly strong political connection to a larger country.By definition an offshore jurisdiction is somewhere that a company can legally and safely manage their finances and benefit from less tax restrictions. Its essential totalk to a financial plannerand allow them to select a jurisdiction for you based on your situation and criteria.Even if you've worked for some years trying to prevent the problems caused by tax havens, people will still ask you which places are the best in the world to shield your money from taxes. SeychellesThe Seychelles comprises of a group of small islands situated in the Indian Ocean, to the north of Madagascar. The capital Victoria is located within Mah, the main Island. The Seychelles is becoming one of the most attractive offshore financial international centres, due to the incentive laws implemented by its government. Investment Promotion Act was enacted in 1994 to encourage incoming investments. This jurisdiction offers total confidentiality and anonymity and is recommended for high profile trading operations. It has excellent up-to-date telecommunications network and advanced professional and technological infrastructures.Seychelles offers a wealth of prospects in terms of investment opportunities,property seychelles,recreational activities and overall quality of life.The Republic of Seychelles is now one of the most recognized and tax havens, because there is no Seychelles tax, offering strong competition to those well known tax havens located in the Caribbean.That's right, Seychelles is a tropical haven, and because of no Seychelles tax, a tax haven as well, and one that offers a world of opportunities.The Republic of Seychelles might look tiny on the map, but it is fully equipped with excellent communication systems, well-developed infrastructure and exceptionally appealing investment opportunities that many business people are beginning to capitalize on.Zero Seychelles Tax CompaniesIt has some of the most enticing and appealing offers making it a first choice destination a zero Seychelles tax.Seychelles is an increasingly popular tax haven tax haven, so much so that in July 2004 the Seychelles International Business Authority (SIBA) was established, to helpand this authority regulates all offshore company activity.There are two types of tax haven companies in Seychelles:1) The zero Seychelles tax International Business Company (IBC) and2) Low-tax Special License CompanyThe different between the two is that the first pays no Seychelles tax on income generated overseas, while the second pays 1.5% on income generated overseas.The Special License company is a tax-resident in Seychelles company, which can sometimes lead to easier business undertaken overseas, and can take advantage of the Double Tax Treaties that Seychelles has with several other countries.However in terms of competitiveness withincorporation in other countries, a Tax-Free International Business Company in Seychelles is considered one of the best.Not only is the Seychelles International Business Company [IBC] easy to form, but there are also other perks with having a tax haven company in Seychelles. Investors benefit from: Fast services Lowcost of incorporation seychelles Strict confidentially protected by law No information-sharing agreementsTo set up a tax haven company is straight forward and simple at Seychelles. Companies can be registered in English or French, and the name of the company can be in any language so long as it has a subsequent translation.Other advantages ofseychelles offshore company formation: There is no minimum capital requirement for a zero Seychelles tax company. A Seychelles company is extremely flexible in many ways, for example an IBC can choose if or if not to hold annual meetings, directors meetings are not a requirement however they can be held in Seychelles if desired IBCs only need one director more if desired however this is not a requirement IBCs can have directors and shareholders of any nationality and be residents of any country The IBC can engage in business which is legal in any country and in whatever currency, however business can not be undertaken with residents of SeychellesAnd the tax benefits.One of the best thing about having aseychelles offshore company formationis the no tax policy. IBCs are completely exempt from all taxes on income derived outside of the Seychelles.Investing in Seychelles offers so many advantages. Enjoy stringent privacy, see your wealth increase, open bank accounts in your companies name everything is possible in Seychelles, and it is easy!Let's not forget that Seychelles is not only a tax haven tax haven, but it's also a tropical haven offering the ideal lifestyle.

British Virgin IslandsLocated in the Eastern Caribbean region, the British Virgin Islands are an English speaking Dependent Territory of the United Kingdom. The Islands are politically stable and possess a well-developed commercial and professional infrastructure. Since the introduction of the International Business Company in 1984, the Islands are now an eminent corporate domicile jurisdiction. There are now over 300,000 IBCs incorporated in the BVI, used for holding, trading and investments. The government has strengthened and enhanced legislation to prohibit the formation of offshore banks on the Island and has in return reduced money laundering activities greatly. As a result of its highly flexible and modern legislation BVI has become extremely popular in the offshore market.There are many advantages of having your own British Virgin Island offshore company. Some of these are bulleted below:* Only one director or shareholder is needed for company formation in the British Virgin Islands* Both a natural person or a corporate body can be directors and / or shareholders* Keeping of accounts, records and financial statements is not required* A resident secretary is not required* Company meetings can be held anywhere in the world* Meetings of shareholders and directors are also not required* If records are kept, they can be held anywhere in the world* Appointment of local shareholders or directors is not required* Director and shareholder can be one and the same person* Meetings can be held by using telephone or any other means of communication through which voice can be transmitted and clearly heard.*Cost of incorporationare low.CYPRUSCyprus is an island in the Mediterranean Sea. Cyprus is a popular tourist destination which receives millions of visitors each year who flock to the white sand beaches to soak in the Mediterranean sun. Cyprus is one of several tax havens located in the European continent. An offshore jurisdiction Cyprus specializes in services such as the incorporation of offshore companies, offshore insurance, and the formation of Cyprus Trusts among other offshore services

Cyprus is a well developed country which is well sought after as an offshore tax haven. A member of the European Union Cyprus has strict laws in place to protect the offshore financial sector of the jurisdiction. Cyprus can be considered a low tax haven since the country has a low tax regime in place for offshore companies and resident companies. The tax haven of Cyprus is popular among European investors and businessmen.

A company incorporated in the tax haven of Cyprus can be called an International Business Company if all of its owners are foreigners to the country. Cyprus companies can be used for investment and as trading companies. The tax haven of Cyprus imposes the same tax rate for all companies incorporated in the jurisdiction. Companies in the low tax haven of Cyprus pay taxes worth 10% of their annual profits. There is no withholding tax applied to the payment of dividends in tax haven Cyprus. Cyprus also has no wealth tax.

The offshore tax haven of Cyprus is well known for offshore banking. The low tax environment of Cyprus allows for offshore bank accounts at many banking institutions on the island. There are no taxes applied to the interest earned by offshore bank accounts in the tax haven of Cyprus. Therefore offshore bank accounts in tax haven Cyprus is good for investments.

Cyprus International trusts have its advantages in tax haven Cyprus. The offshore tax haven allows for the formation of trusts; which will pay no taxes on income gained outside of the territory. Trust dividends and interest gained are tax free in the low tax haven Cyprus. Cyprus trusts are granted privacy. The names of the trust owners are not disclosed to the registrar and there is no need for Cyprus trusts to do financial reporting to any authority in tax haven Cyprus.

As a tax haven Cyprus is well regulated. Privacy is one of the features of all tax havens of the world. Cyprus has legislation in place to protect the privacy of offshore bank account holders, the owners of Cyprus trusts and Cyprus International Business Companies. Tax haven Cyprus has banking secrecy laws in place to protect the integrity of offshore bank accounts in the jurisdiction. The disclosure of information in Cyprus offshore bank accounts is prohibited and punishable by the law. Bank employees and other persons who are associated with Cyprus banks must take an oath of secrecy. This is a requirement of the Central bank of tax haven Cyprus.

Cyprus offshore companies or International Business companies are also awarded privacy per the companies legislation of offshore Cyprus. Companys legislation allows for the registration of Cyprus offshore companies beneficial owners need not be filed with the Registrar of Companies. Company legislation allows for the incorporation of companies using nominee shareholders and directors. The names of the beneficial owners will remain private. In cases of criminal investigations into the operations of the offshore company then the names of beneficial owners might be released.

Offshore corporations in Cyprus are obligated to prepare annual accounting reports to the relevant authorities in the tax haven. Cyprus offshore companies are also expected to comply with the countrys laws an file its annual return which must be signed by the company secretary and director. It must be noted that tax haven Cyprus have signed double tax agreement with many foreign countries including the United States, France ,Sweden, China , Canada, and Demark among others. There is no exchange control in place for offshore trusts and offshore companies in the tax haven of Cyprus. This makes it easier to companies to engage in trade. The absence of exchange controls makes the tax haven of Cyprus favorable for the remittance of large sums of funds and also for the transfer of funds.

The low tax haven of Cyprus has favorable conditions which encourage the incorporation of offshore companies, trusts and the opening of offshore bank accounts in the jurisdiction. Offshore corporations and bank accounts can be established by persons of any nationality. The offshore jurisdiction laws of the tax haven are very strict but also allows for the formation of flexible offshore structures. One of the main factors which encourage people to go offshore is the tax savings from which they will benefit. Tax haven Cyprus provides clients with the opportunity to reduce on tax liabilities in a legal manner.

Travelling Europe Bulgaria Duni Royal Resort

Bulgaria is an interesting experience for anyone, whether you love the warm southern sea, want to see cultural and historic monuments, delight in unique and living folklore, are fond of sports, have a family with children or dream of carefree holidays.TheDuni Royal Resortis one of the most wanted tourist development, located on the Black sea coast some 40km south fromBurgasand 5km fromSozopol.

If Duni Royal Resort is the aim of your travelling, you have made the right choice.In the beginning of the 80's the Bulgarian Government decided to build a holiday village under a world standard. Duni Royal Resort has got the charm of a Bulgarian village and it's situated in the bay of Duni, on a territory of a state nature preserved area. In 1986,after the teamwork of historians and architects Duni Royal Resort was built resembling the Bulgarian style of the past centuries. The plan was prepared by Bulgarian architects and was carried out by the Austrian building company "Rogner". The village is situated on a south mountainside and the area - from the last house to the harbor and the beach - is planned as a pedestrian zone - with shady, narrow alleys, reminding of an old town, sunny terraces and a small harbor. At place you could convince yourself of the advantages of the sea resort. Thoroughly renovated in 2000, the complex has preserved the coziness and romance of the old Bulgarian way of life. The carefree days on the beach, children and adults surrounded with care by our entertainment team, the undisturbed walk along the seacoast - isn't it the holiday you have dreamed of? Your stay is never long enough to get to know the country and its people. But the direct contact with local people, the interesting atmosphere and architecture of the club, could enrich your impressions.Duni Royal Resort - an amazing collection of luxurie hotels and villas. Perfectly located at Bulgarian Black Sea coast, a prestigious destination of southern Europe, Duni Royal Resort welcomes you with legendary service and exquisite facilities.In the restaurants of Duni Royal Resort dishes have a memorable taste. In our four main and two A-La-Carte restaurants you will find selected specialties according to your individual requirements.One of the new built hotels on the beach inDuni Royal Resortis the 5-star Hotel Marina Royal Palace. Modern 8 storey building is right on the beach located at the beginning of the picturesque bay, and satisfying the requirements of all the guests. It provides a unique view over whole bay and marina yacht port. Elegant and impressive architecture stands out from other hotels. The services that are offered completely match the hotel category. The tourists can enjoy All Inclusive quality service from May to October. The rich nature, clean air and crystal sea water create conditions for an unforgettable vacation during the summer. The beach is about four kilometers long and located in front of the bay Alipu (in Greek means fox. Duni Royal Resort can be reached by road E87 about 42 kilometers south of Bourgas and 50 kilometers from Burgas airport.Accommodation: Marina Royal Palace Hotel offers to its guests 300 spacious luxuriously decorated rooms, divided as 20 comfortably furnished single rooms, 240 spacious double rooms, 20 cozy small (Junior suite) apartaments and 20 luxurious suites with two rooms. All rooms are have sea view and central air conditioning with local temperature control. The rooms are convenient equipped with WC/bathroom with shower tub and hairdryer; mini bar, air conditioning, satellite TV, direct phone, mirror and balcony. Furnishing of the rooms offer additional health care services are paid, kindergarten, children's high seat, currency exchange, tourism and business services. Free are umbrellas, sun beds, mattresses, beach towels and parking lot.Restaurants and bars: Guests of the Hotel Marina Royal Palace have change to taste the typical local dishes from the Bulgarian and European cuisine, selected wines and alcohol. The main restaurant is air-conditioning has a huge external terrace with panoramic views. The lobby bar offers pleasant atmosphere and serving alcoholic and soft drinks, fresh cocktails and sweets.Buffet:Breakfast - 07.30-10.00 Lunch - 12.00-14.00 Dinner - 18.30-21.00Intermediate foods include all inclusive branch, afternoon snack, tea, coffee, Bulgarian alcoholic and soft drinks, juices, cocktails, fruit, sweets, ice cream, cakes, etc..Hotel Marina Royal Palace offers two modern equipped conference halls suitable for conferences, business meetings, seminars and events. They have a modern audio and video equipment.Spa services and leisure: For the hotel guests are provided many different activities as games for children and adults with professional animators during the day around the outdoor pool and beach. Children's animation entertainment program is in morning and afternoon around outdoor pool and playground, evenings devoted to child and baby disco. The sports fans can enjoy with different fitness programs, massage, Finnish sauna, aerobics, animation, dancing, horseback riding and Jacuzzi. The complex provides tourists in leisure cycling, wind-surfing, yacht aqueous wheel, motor jetski.Hotel amenities: main restaurant,24 / 7 lobby bar, bar, outdoor pool with water attraction, kids pool, 24 / 7 reception, spa procedures, solarium,snooker,darts,fitness, conference rooms, spa, massage,change,telephone awakening,delivery news papers to the room, call charges, use of personal safe, coffee and tea throughout stay, playground, room service, laundry and ironing, car park, stores

Facilities in the rooms: bath, shower room, hairdryer,Satellite TV, AC, Internet, personal safe, electronic locking system, audio system, terrace

We visited this hotel last year and within one day of being there we were already talking about returning this year.First of all, i will tell you that Duni Resort is definitely a Family Resort, not a honeymoon or relax destination. You are surrounded by kids and noise, there is no place for privacy. There were a lot of german, british, russians, romanian and bulgarian people, a mix of tourists of all ages.

The staff were superb and were willing to provide any need required. The food was set to the highest standard and with a large variety suitable for every pallet it immediately set a high benchmark for the rest of the hotel complex. The hotel is cleaned thoroughly from top to bottom every day and there is simply nothing we found out of place. With around 8 pools across the whole complex and a wide variety of activities for example: (indoor pool,water polo,beach volleyball and football, yoga, aerobics, zumba, indoor and outdoor gym plus a large variety of watersports on the beach) there is something suitable for all ages at any time in the day.The food was first class, with such a variety of choice that it never occurred to us to make use of the two a la carte restaurants that were at our disposal; although the fact that they were located in one of the other hotels in the resort would have been a drawback. In particular the quality of the veal steaks, pork and lamb chops, chicken and turkey breasts are worthy of mention, as were the salmon cutlets and fillets, trout and sardines, all freshly chef-cooked on the griddles, that were also put to good use at breakfast for hotcakes, filled omlettes and fried eggs, all cooked to order. Service at tables was impeccable, with a wide choice of excellent Bulgarian wines, as was that in the Lobby bars where measures of all alcoholic spirits, cocktails, wines and other beverages were more than generous.In conclusion, it is a perfect place to go, the perfect report value over quality, very nice beach & sand, clear water, good food , many pools, clean & fun. It offers more or less the same like a 5 star resort in Turkey, for example, at half price. Have fun!

20 QUESTIONS ABOUT THE PLACE OF WORK

1. Why do you enjoy working for this company?2. What are your job responsibility in yourplace of work?

3. Can you give me a formal, written description of the position? 4. What are the goals of a manager?5. How would you describe your management style and interaction with your staff?

6. How do you improve performance in efficiency?7. How should management go about deciding what part of its budget it should allocate to ensure good customer care/relations?8. What do you like about the place where you work, and why?9. What are the wows! of this job? What are the worst parts? And what will you do to maximize the former and minimize the latter?10. How effectively has the company communicated its top three business goals?11. I am a hard worker, and like to be around hard-working people. Am I going to be comfortable with the level of effort I find here?12. If I were a spectacular success in this position after six months, what would I have accomplished?13. Can you give me some examples of the best and worst aspects of the companys culture?14. What makes this company a great place to work? 15. What outside evidence (rankings or awards) do you have to prove this is a great place to work?16. What is the company going to do in the next year to make it better?17. Tell me about an employee in your organization who is considered to be an outstanding employee. What makes that person special?18. Are you proud enough of your workplace to recommend it as a place your own children and best friend should come and work?19. Are people on your team committed to either a higher sense of purpose in their work, to a sense of community, or merely to a pay check?20. What qualities do you most appreciate about our organization?