wealthymatters

Offshore Registered Office And Offshore Registered Agent

September 28, 2014 Leave a comment

Offshore Registered Office :

An offshore registered office is the official address of an offshore company, to which authorities, courts, and suitors send their notices, letters and reminders. The registered office can be anywhere in the jurisdiction of the offshore incorporation. It must always be an effective address for delivering documents to the company.

Offshore Registered Agent :

An offshore registered agent represents an offshore company in the jurisdiction of incorporation. The registered agent normally provides a registered office address, arranges liaison with local authorities and receives all legal and tax papers and/or notices addressed to the underlying company, corporation or foundation. Not all jurisdictions require a registered agent but virtually all would necessitate a registered 0ffice. Read more of this post

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Incorporating Offshore

September 28, 2014 Leave a comment

wealthymatters An offshore company is a corporation or other type of legal entity which is incorporated or registered in an offshore financial centre or “tax haven”‘.

The extent to which a jurisdiction is regarded as offshore is a question of perception and degree.Classic tax haven countries such as Bermuda, British Virgin Islands and the Cayman Islands are quintessentially offshore jurisdictions, and companies incorporated in those jurisdictions are invariably labelled as offshore companies. Then there are certain small intermediate countries such as Hong Kong and Singapore ,sometimes referred to as “mid-shore” jurisdictions, which, while having oversized financial centres, are not zero tax regimes. Finally, there are industrialised economies which can be used as part of tax mitigation structures, including countries like Ireland, the Netherlands and even the United Kingdom, particularly for corporate inversion.Also, in federal systems, states which operate like a classic offshore centre can result in corporations formed there being labelled as offshore, even if they form part of the largest economy in the world ,for example, Delaware in the United States.

Similarly, the term “company” is used loosely, and at its widest can be taken to refer to any type of artificial entity, including not just corporations and companies, but potentially also LLCs, LPs, LLPs, and sometimes partnerships or even offshore trusts. Read more of this post

Filed under Alternative Assets, Entrepreneurship, Paper Assets, Tool Kit Tagged with Anguilla, asset holding structures, Bermuda, British Virgin Islands, Cayman Islands, corporate inversion, Delaware, financing SPVs, fraud, holding companies, Hong Kong, International Business Companies, investment funds, Ireland, listing vehicles, mid-shore jurisdictions, Money laundering, offshore company, Panama, postaday, privacy, private wealth holding vehicles, Singapore, tax evasion, tax mitigation, the Netherlands, to joint ventures, trading vehicles., United Kingdom, Urugay

Learning From Jeff Bezos

September 27, 2014 Leave a comment

Filed under Entrepreneurship, Theory, Tool Kit Tagged with postaday, tip from Jeff Bezos

Working Backwards Amazon Style

September 26, 2014 2 Comments

wealthymatters “There is an approach called “working backwards” that is widely used at Amazon. We try to work backwards from the customer, rather than starting with an idea for a product and trying to bolt customers onto it. While working backwards can be applied to any specific product decision, using this approach is especially important when developing new products or features.

For new initiatives a product manager typically starts by writing an internal press release announcing the finished product. The target audience for the press release is the new/updated product’s customers, which can be retail customers or internal users of a tool or technology. Internal press releases are centered around the customer problem, how current solutions (internal or external) fail, and how the new product will blow away existing solutions.

If the benefits listed don’t sound very interesting or exciting to customers, then perhaps they’re not (and shouldn’t be built). Instead, the product manager should keep iterating on the press release until they’ve come up with benefits that actually sound like benefits. Iterating on a press release is a lot less expensive than iterating on the product itself (and quicker!). Read more of this post