Free economic zones FEZ free economic territories FETs or free zones FZ are special economic zones SEZ that have been given this designation by the trade and commerce administrations within a given country. These areas are either lightly taxed or not taxed at all with the idea that a lower or non-existent tax structure will spur economic activity. The United Arab Emirates UAE has dozens of these …
Tipo: Resource (Article)
Komandirovka or business activities that require an employee in Russia to travel outside of their regular work environment require that all employers reimburse their employees for each expense during the trip. For some trips and employees however per diems may be used for both domestic and international trips—each of which offer specific daily standards. Employers with a Russian employees are …
Tipo: Resource (Article)
Hiring contractors has many benefits and offers more flexibility in market expansion. Employers can engage contractors for specialized projects save time and money that would otherwise go toward hiring employees and test new global markets without entity establishment. However hiring contractors comes with misclassification risks. Misclassifying workers leads to fines employee entitlement back …
Tipo: Resource (Article)
The Internet allows people to communicate and businesses to continue operations 247 across all oceans and continents. It has reshaped upended and given rise to new industries and has changed the way humans interact with the world. Once barely more than a convenient quick and cheap way to send messages around the world the Internet now touches nearly every aspect of most humans’ lives—and it’s …
Tipo: Resource (Article)
Last week our company Velocity Global was recognized as the fourth Fastest-Growing Private Company in the U.S. by Inc. Magazine. In what has flown by like the blink of an eye but in reality took four years we managed to reach nearly 40000 growth and revenues north of 50 million. It makes my heart race just reading those words. While I can honestly tell you I had big plans for this company I’d be …
Tipo: Resource (Article)
At their core —an organization that aims to empower and support the growth and success of an early stage startup by giving them access to resources and opportunities that those young companies otherwise wouldn't necessarily have. In an era where roughly many of these entrepreneurs would agree that they need all the help they can get. A business incubator by its design aims to support those early …
Tipo: Resource (Article)
Frequent travelers to the Asia Pacific region for business purposes may want to consider the benefits of an APEC Business Travel Card. Focused on improving travel experiences and speeds for frequent business travelers the APEC Business Travel Card provides several benefits that save time aggravation and money.What exactly is the APEC Business Travel Card who needs one and how do you get one? We …
Tipo: Resource (Article)
On January 1 2018 the United Arab Emirates imposed a Value Added Tax or VAT on goods and services joining around the world in imposing such a tax. Understanding how the UAE VAT is structured—and how it will impact businesses looking to expand into the UAE—can help identify both challenges and opportunities in the country. What is a Value Added Tax? A value added tax is a form of consumption tax. …
Tipo: Resource (Article)
If a business is exploring opportunities to expand into Asia it could be forgiven for assuming China to be the sole country to offer major economic growth and a wealth of opportunities. However that while China does offer investment opportunities another Asian country is poised to offer much in terms of tech renewables healthcare and a skilled workforce Vietnam. This Southeast Asian republic …
Tipo: Resource (Article)
In May 2018 Vice President and Prime Minister of the UAE Sheikh Mohammed announced some sweeping changes to the United Arab Emirates' visa laws designed to attract outside investments by boosting innovation and scientific development within the UAE. The first of these changes are just beginning to take effect and may permanently shape this area's unique economy. For global investors the early …
Tipo: Resource (Article)
