Bahamas

The Bahamas is an island country composed of more that 700 islands. Population of around 310000. The official language of the country is English and its also the most used language in every day life and in business. The official currency of Bahamas is Bahamas dollar having the same value as the US dollar.

Offshore investment

The most simple way of explaining offshore investments are to just to say that the founds of a person are keep in another country differing from the owners residence.

Why invest in an offshore jurisdiction?

• The most common reason is tax advantages. Some countries have mutual treaties for double tax avoidance, this can be exploited to lover the tax of some finances.

Seychelles

Seychelles is yet another island country,only this time it found in the Indian Ocean. As with every island country most of its gross domestic product comes from the export of goods, mostly salmon, and also from tourism. The population of Seychelles is very mixed. Having British sailors, French settlers, Africans, and traders from the Middle East. The most widely used language is creole, but french and English are also the official languages in the country. For business English is mostly used.

Business in Latvia 2014

The year 2014 brings another thing from the Europe Union to the Latvian business system - Euro. A new currency, now used in the most of the EU countries, brings new business opportunities, easier payments and lower fees on currency handling. As there are many things that may happen to the economic system since the introduction on euro one can only hope the best. The business should grow and should the count of newly formed businesses. As so the Euro-zone should bring new heights to the Latvian economy and so increasing the GDP and even reduction of the public debt.

 The ease of starting a business in Latvia

Most of the statistic below are from doingbusiness.org
As with every passing year 2014 is no different, with an even better score that the previous years. Due to some reforms that took place when the euro replaced the lat, it's even easier to from a business in Latvia. The time taken and costs of incorporation have decreased. Less effort is required to gain construction permits. Since there in no longer a cost for currency exchange, trading across borders is easier than ever

Changes that have already taken place

An article on the changes that have already taken place in the fist quarter of 2014 due to Euro in Latvia - News.

Expected increase in the GDP

Most of Latvian bank forecasts suggest a increase of around 4% in the Gross domestic product of the year 2014. The expectation at the end of 2013 was around 4.7%. But the first quarter of this year has already passed and the expectations have been lowered to around 4.3%. The same amount if increase is expected in the following year of 2015.

More information on the introduction of euro in Latvia here (RU).

Offshoring

Offshoring is the term for any form of thing that is done abroad the country from with the person of action is resident. The most popular offshore processes are

• Banking
• Trusts
• Investment
• Fund

International business company

International business company is a type of an offshore company that is formed under a law of a specific jurisdiction as a company that is not allowed to engage in business in the country of incorporation and is untaxed.

IBC usually are recognized for:

• Complete local tax evasion, as long as it's not engaged in business in the country of incorporation, the annual reports may still have to be filled and the yearly agents and registration fees may still have to be paid.
• Confidentiality -  preserving the company owners personal data.
• Wide range of business  - The scope of the range may depend on the country in witch the company is incorporated.

Most know for and usually incorporated IBC are in these countries:

• Barbados
• Anguilla 
• Bahamas
• Belize 
• Brunei
• Dominica 
• Marshall Islands
• Seychelles
• Saint Vincent

Only on couple of these countries I have information in my blog. So there are a couple of upcoming articles needed to be written about the new countries in the previously mentioned list.

Cook Islands

Cook islands offer a fast, cheap and easy incorporation capabilities. In addition having nil corporate tax and low yearly fee. Only a yearly file return is mandatory, no account fillings are required.

Known for

The islands are mainly know for the vast tourist attractions, fishing, financial services and agriculture.

Political structure

Formally Cook islands where under the New Zealand jurisdiction, but now its a self governing structure under with only around 19 thousand citizens.

Language

The official language of the country is English and native language of Maori is also widely spoken.

Currency

The official currency still remains the same as it was before it was a self governing structure - New Zealand dollar.