The logistics performance index of Luxembourg is 3.95. It indicates a good performance - the logistics system is well prepared and organised, shipments mostly arrive on time and do not suffer damage, and the infrastructure is ready to handle even unpredictably big amounts of traffic as long as it is not overwhelming.
Customs performance is rated at 3.82. It indicates a good performance - customs clearance is fast and effective, in some cases it may be at all absent (e.g. Schengen area borders), encouraging international business activity; the documents and fees needed are predictable and publicly available, as well as in some cases (mostly concerning visas) can be arranged at the customs office.
Infrastructure quality in Luxembourg is rated to be at 3.91. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).
International shipment quality is 3.82. It indicates a good performance - the prices and the quality of international shipping services are quite good and attract foreign customers as a first choice when it comes to international transfers.
The competence of logistics service providers is valued at 3.78. The providers are very competent - they ensure a high quality of shipments and traffic handling at all times, and their performance is fast and reliabel; any mistakes that might happen are compensated for without question.
Tracking possibilities for shipments are rated at 3.68. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
Tracking possibilities for shipments are rated at 4.71. It indicates a good performance - shipments almost always arrive within the scheduled time brackets and often faster than expected.
In Luxembourg, 100% of the population has access to electricity. Luxembourg has 2 airports nationwide. There are 250,900 internet hosts in Luxembourg. The number of road motor vehicles per 1000 inhabitants in Luxembourg is 434.
Road network The total road length in Luxembourg is 2,899 km (1,802 miles). Out of them 152 km (94 miles) of roads are classified as motorways, freeways, or autobahns.
Gas price On average, you would pay 1.52 USD for one liter of gasoline in Luxembourg. One liter of diesel would cost 1.06 USD.
Confidus Solutions employs wide range of experts in different fields: lawyers, real estate experts, bank agents, accountants, tax consultants and other professionals. Our company is capable of providing legal, accounting, business support and other corporate services worldwide, however, these services may be limited in certain jurisdictions due to political, economic, legal reasons or other risk factors.
You can request corporate services in Pitcairn Island, and we will review your request. A response will be sent as soon as possible providing the most suitable solution. However, due to lack of infrastructure and weak corporate regulation, we strongly recommend reconsidering dealing with the jurisdiction.
The minimum monthly wage in the United Arab Emirates is not regulated by the government. The United Arab Emirates' public debt represents 43.3% of the country's gross domestic product (GDP) as of 2012 estimates. In terms of consumer prices, the inflation rate in the United Arab Emirates is 1.3%. The currency of the United Arab Emirates is the United Arab Emirates dirham. The plural form of the word United Arab Emirates dirham is dirhams. The symbol for this currency is د.إ and is abbreviated to AED. The UAE dirham is divided into fils; There are 100 in one dirham. Every year, consumers spend about 200,387 million dollars. The ratio of consumer spending to GDP in the United Arab Emirates is 0.05%, and the ratio of consumer spending to the global consumer market is 47%. Corporate tax in the United Arab Emirates is set at 0%. Personal income tax varies from 0% to 0%, depending on your specific situation and income level. VAT in the United Arab Emirates is 0%.
Gross domestic product The total gross domestic product (GDP) measured at purchasing power parity (PPP) in the United Arab Emirates is $617,138 billion. Gross domestic product (GDP) calculated at purchasing power parity (PPP) per capita in the United Arab Emirates was last US$64,678,569. PPP in the United Arab Emirates is considered very good compared to other countries. A very good PPP indicates that it is easy for citizens of this country to purchase local goods. Local items may include food, clothing, healthcare, personal care products, daily necessities, transportation and communications, laundry, and various types of insurance. Countries with very good PPPs are safe places to invest. The total gross domestic product (GDP) of the United Arab Emirates is $402.340 billion. Based on these statistics, the United Arab Emirates is considered a large economy. Large economies support a wide range of industries and businesses, providing ample investment opportunities. Large economies support a significant financial sector, making it easier to organize investments and financial transactions. Finding good investment opportunities in the United Arab Emirates should be very easy. The gross domestic product (GDP) per capita in the United Arab Emirates was last recorded at US$42,166,866. The average citizen of the United Arab Emirates enjoys very high wealth. Countries with very high levels of per capita wealth have long life expectancies and very high standards of living. Highly skilled workers can be found in many industries, and labor in these countries is very expensive. Countries with very high levels of wealth offer safe investment opportunities as they are often supported by a diverse and thriving financial sector. The annual GDP growth rate in the United Arab Emirates averaged 4.3% in 2014. According to this percentage, the United Arab Emirates is currently experiencing significant growth. Countries experiencing significant growth offer the best chance of significant returns on investment, since GDP growth rates are the most important indicator of economic health. As GDP increases, businesses, jobs, and personal income also increase.
Membership in International Unions Whether it is an alliance, incorporated union, federal union or supranational body here is the list of unions the country is a member of. Israel is a member of several unions. They are International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations, World Bank, World Trade Organization.
International Monetary Fund Israel is a member of International Monetary Fund. On 12 July 1954, it joined the IMF as a member. The IMF is an organization headquartered in Washington, D.C., of 189 countries working to foster global monetary cooperation, secure financial stability and facilitate international trade. The IMF now plays a central role in the management of balance of payments difficulties and international financial crises. The union is governed by and accountable to the all 189 member countries. As of 2010, the fund had SDR 476.8 billion (about US$ 755.7 billion).
Organisation for Economic Co-operation and Development Israel is a member of Organisation for Economic Co-operation and Development. On 7 September 2010, it joined the OECD as a member. The Organisation for Economic Co-operation and Development (French: Organisation de coopération et de développement économiques, OCDE) is an international economic organisation of 34 countries, founded in 1961 to stimulate economic progress and world trade, and promote policies that will improve the economic and social well-being. It is a forum in which governments can work together to share experiences and seek solutions to common problems. OECD work with governments to understand what drives economic, social and environmental change. OECD measures productivity and global flows of trade and investment.
United Nations Israel is a member of United Nations. On 11 May 1949, it joined the UN at its inception date as a full member state. Founded in 1945, the United Nations is an intergovernmental organization to promote international co-operation. The work of the United Nations are guided by the principles contained in its founding Charter. It is currently made up of 193 Member States. The headquarters of the United Nations is in Manhattan, New York City, further main offices are situated in Geneva, Nairobi and Vienna. Its objectives include maintaining international peace and security, promoting human rights, fostering social and economic development, protecting the environment, and providing aid.
World Bank Israel is a member of World Bank. On 12 July 1954, it became a member of the World Bank Group. The World Bank is international financial institution that provides loans to developing countries. It's like a cooperative, made up of 189 member countries. These member countries are represented by a ministers of finance who are the ultimate policymakers at the World Bank. The World Bank's official goal is the reduction of poverty.
World Trade Organization Israel is a member of World Trade Organization. On 21 April 1995, it joined the WTO as a member. The World Trade Organization is an intergovernmental organization which regulates international trade. At its core are the WTO agreements ratified in national parliaments. It is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence.
Italy's logistics performance index is 3.69. It indicates satisfactory performance - in general, traffic is handled well, some shortcomings in certain areas are possible, but overall the logistics system is reliable and ready to handle predictable traffic volumes.
Inch performance is rated at 3.36. This indicates satisfactory performance - the customs clearance procedure is generally effective, although a long time can occasionally be a problem; the customs system certainly does not discourage international business activities; required documents and fees are generally publicly available.
The infrastructure quality in Italy is rated at 3.78. It indicates good quality - roads, railways, ports and other facilities are adapted and regularly maintained to be able to handle high traffic at all times, and most likely there are special facilities to deal with high-intensity and/or special traffic or vehicles ( e.g. highways a.k.a. freeways and deep-water ports).
International shipping quality is 3.54. It indicates satisfactory performance - the services are reasonable and the prices are not too high and usually correspond exactly to the quality, although there is still room for improvement.
The competence of logistics service providers is rated at 3.62. The providers are competent - they ensure a good quality of their services and almost always maintain this level; Deficiencies, while still possible, are usually minor and do not discourage further use by providers.
Tracking options for shipments are rated at 3.84. This indicates good performance – the tracking systems provide detailed and up-to-date information on most shipment parameters, often crossing national (both political and linguistic) barriers and can be qualified as international tracking systems.
Tracking options for shipments are rated 4.05. This indicates good performance - shipments almost always arrive within scheduled time frames and often faster than expected.
In Italy, 100% of the population has access to electricity. Italy has 129 airports nationwide. There are 25,662,000 internet hosts in Italy.
Road network The total road length in Italy is 487,700 km (303,108 miles). Of these, 6,758 km (4,200 miles) of roads are classified as freeways, dual carriageways, or freeways.
Gas price On average, a liter of petrol costs USD 2.14 in Italy. A liter of diesel would cost $1.48.
The people in Germany speak the German language. The linguistic diversity of Germany is vaguely diverse according to a fractionation scale, which is 0.1642 for Germany. The followers of Christianity make up the religious majority in the country. 73.9% of the German population live in cities. This proportion includes the urban population of Germany. The urbanization rate in Germany is assumed to be 0.1. According to data on arrivals in Germany, 31,545,000 tourists come to the country every year.
National anthem The national anthem of Germany is called "Lied der Deutschen", which means "Song of the Germans" in English. It was adopted in 1922. The text is by August Heinrich Hoffmann von Fallersleben, the music by Joseph Haydn.
Fast food The first McDonalds in Germany opened on November 22, 1971 and was located in Munich. There are currently 1,477 McDonalds restaurants in Germany. The number of operating McDonalds restaurants in a country is an indication of the influence of western culture and globalization in that country. Operating McDonald's restaurants could also have a direct impact on the health of a country's citizens. About 25% of the population in Germany are obese.
Alcohol consumption People in Germany consume 0.5 liters of alcohol per capita per year, and this amount is made up of 53.6% beer, 27.8% wine, 18.6% spirits and 0% other alcohol.
National dish One of the most popular national dishes in Germany is the currywurst. Other national dishes are sauerbraten, bratwurst, knuckle of pork with sauerkraut.
Company types The sociedad de garantia reciproca and sociedad anónima are frequently encountered company types throughout South America. All South American countries are independent from each other, which makes it difficult to offer specific guidelines for registering a company. Please bear in mind that if you need to incorporate a company in Brazil, make sure you contact us first. There are fundamental differences between private (fundação privada) and public (fundação pública) entities in Brazil.
However, if you are looking for an easy-to-follow tutorial on the major legal structures for companies in South America, please continue reading, as there are a number of factors that may present significant challenges and risks. Confidus Solutions’ top-choice suggestions are Argentina, Chile, Colombia, Ecuador, Paraguay and Peru.
Argentina A view in ArgentinaIn Argentina, you can incorporate an S.R.L., an S.C.S., an S.C.p.A., an Soc.Col. or one of several other legal entities. S.R.L. in Spanish stands for sociedad de responsabilidad limitada, which closely resembles the United Kingdom’s Limited Company (Ltd) or the US limited liability company. The S.C.S., or sociedad en comandita simple, is almost identical to a limited partnership. S.C.p.A. stands for “sociedad en comandita por acciones” and is a limited partnership with shares, whereas a Soc.Col. or sociedad colectiva is general partnership similar to those found in the United States of America. Argentina also has several other legal entities that we have not listed here.
Brazil A view in BrazilIn Brazil, you can incorporate an Ltda, an S.A., a sociedade simples or one of several other types of legal entities. Ltda in Portuguese stands for sociedade limitada, which is similar to a limited company (Ltd) in the United Kingdom. An S.A. is a sociedade anônima which is equivalent to a UK plc. Finally, the sociedade simples is exactly the same as a PLLC. Brazil also has a number of other legal entities not listed here. Contact us if you need help deciding on the most suitable company type for your corporate needs.
Chile A view in ChileIn Chile, the options are SpA, LTDA. or few other company types. SpA in Spanish stands for sociedad por acciones, which is essentially a limited partnership with shares. LTDA. stands for sociedad de responsabilidad limitada and is equivalent to the United Kingdom’s limited company (Ltd). More and more business leaders are shifting their focus from China to Chile — a country that attracts a substantial amount of foreign investment. This is mainly due to its growing economy and dynamic business regulations. Incorporating a company in Chile can bring many benefits.
Colombia A view in ColombiaIn Colombia, the available company types are S.A., S.A.S. and Ltda. S.A. in Spanish stands for sociedad anónima which is quite close to a plc in the United Kingdom or a corporation in the United States. S.A.S. stands for sociedad por acciones simplificada, which is a similar concept to the French S.A.S. (societé par actions simplifiée). Finally, an Ltda in Colombia is a sociedad de responsabilidad limitada, equivalent to the idea of a limited company (Ltd) in the United Kingdom or an LLC in the United States.
Ecuador A view in EcuadorIn Ecuador, you can incorporate a C.A., a Cía, an Ltda or an E.P., among other options. A C.A. in Spanish is a compañía anónima; A Cía Ltda is a compañía limitada, which means limited liability company; while an E.P. is an empresa pública.
Peru A view in PeruPeru, among many other options, offers the chance to register an S.A.A. (sociedad anónima abierta in Spanish). This is a specific type of legal entity that must meet one or more conditions, set out in Article 249 of the General Corporation Law. Remember, an S.A.A. is audited by the Comisión Nacional Supervisora de Empresas y Valores (CONASEV). Forming a company in Peru gives you a ready-made solution for doing business all over South America, legitimately.
As more jurisdictions open up to foreign trade, companies can gain access to a large pool of resources abroad. They can establish relationships with foreign partners and relocate their production to foreign locations or simply export their products to new markets. IT and software development companies are also trying to capitalize on moving production to foreign jurisdictions.
In general, the main advantages to offshore software development is lower cost compared to home country. For example, the cost of developing the exact same software in India is 50% lower than in the US. The savings generally come from lower labor costs, but offshoring IT and software production offshore can also expand the company's access to a broader pool of workers with higher skills and expertise. This could explain why 50% of America's Fortune 500 companies use offshore IT and software development. Let's look at some of the jurisdictions where opening a software development company might be more beneficial compared to others and discuss the reasons why.
India India has long been one of the preferred software development outsourcing destinations for leading multinational companies around the world. This means that one of the biggest advantages of choosing India for your IT and software development business would be multinational demand for outsourced software development services. Meanwhile, the company would benefit from relatively lower labor costs, a broad pool of skilled workers, and a business-friendly environment with the government encouraging start-ups and small businesses. Furthermore, the IT industry is expected to grow in the early to mid teens in the coming years due to favorable political and economic initiatives by the Indian government.
United Kingdom London was recently described as the city with the most opportunities for business and took first place in terms of technology readiness. While low labor costs are not among the benefits of starting a software development business in London, there are several other benefits that could offset relatively higher wages. Numerous hubs and incubators offer young start-ups and small companies an environment with all the necessary functions and support for less than 300 euros a month. The government is also committed to supporting the software development and technology sectors with organizations such as Tech City UK and Innovate UK with the aim of accelerating the growth of IT companies. Various tax benefits are now available to IT and software development companies in London. Other benefits to consider include a skilled workforce and high-speed Internet access.
Poland Eastern Europe is becoming more and more attractive for IT and software development companies, with Poland ranking as the number one Eastern European country. While Poland may not offer as low labor costs as India, it can offer other advantages such as proximity to Western Europe and the ability to find common working hours with the rest of the world. Poland also shares a cultural affinity with the western world as well as other eastern countries. It is also believed to offer better product quality and business environment compared to lower cost targets for software development companies.
Each continent has additional jurisdictions to consider for registering an IT company - each with their own benefits and characteristics:
America: Brazil, Argentina and Chile; Asia/Pacific: China; Europe: Romania, Belarus and Ukraine. The above countries have large enough populations to have a broad labor pool and good education systems to produce skilled software developers. The business risks in these countries are manageable and the costs are reasonable compared to the USA, Canada and Western Europe.
It is important to remember that while a particular jurisdiction may be considered the best place to start an IT business for one entrepreneur, it may not be suitable for another. Consider the necessities your business is most interested in. This can be language, geographic location, regulation of specific activities, skilled labor, or cost.
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16.04.2024 11:49