October 2011 Archive

India Hints at More Reforms in the Retail Sector

October 30th, 2011

October 29TH, 2011—Mumbai, India—India’s retail sector has been a cause of a lot of debate amongst economists and foreign companies waiting to enter the Indian market. At the moment, India does not allow majority stake for foreign owned businesses in the retail sector. However, statements and comments coming from several policy makers in the country lately has hinted at possibly opening up the retail sector more than what it is right now.

According to IndiaCompanySetup.com (www.indiacompanysetup.com), some of the biggest brands from across the world are waiting for more reforms in the Indian retail sector. India currently possesses one of the largest domestic markets in the world. With a middle class population touching 500 million and increasing purchasing power, the retail sector in India has completely exploded with many companies reporting incredible growth numbers. While the market has started to get quite competitive and there are several challenges for retailers in India, the retail sector is definitely one of the most attractive sectors for foreign companies. Many big brands such as Starbucks and Wal-Mart that had earlier resisted entering India while the current laws were in place have announced strategic tie-ups to create their presence in the country. Starbucks has tied-up with Tata Coffee to open cafes across the country and Wal-Mart announced partnering with the Bharti Group for their retail business in India.

As per IndiaCompanySetup.com, it is inevitable for the retail sector in India to open up more as many policies have already been announced that directly relates to reforms in the retail sector. While things will be implemented gradually to protect the interest of smaller mom and pop retailers in the country, the sheer size of the Indian market means there will be room for several players of varied sizes to co-exist with one another. As the Indian economy continues to grow at over 8 per cent per annum, with an overall population of 1.2 billion people, the retail sector in India is too big to ignore for the topmost brands in the world.

About IndiaCompanySetup.com

IndiaCompanySetup.com is an India focused business information portal. It provides detailed and accurate information on how to setup a company in India as well as information on company laws, business environment and other important information on doing business in India. For more information, please visit http://www.indiacompanysetup.com/

Non-Public Contact:

Sonia Shashtri

IndiaCompanySetup.com

Email: [email protected]

Tel: +1-415-800-4828

Website: http://www.indiacompanysetup.com/

 

Number of Overseas Companies Continues to Grow in Hong Kong

October 30th, 2011

October 29th, 2011—Hong Kong—The number of overseas companies operating in Hong Kong has continued to grow in 2011. What is interesting to note is that there has been an increase of over 5 per cent from last year in terms of foreign companies including businesses from Mainland China incorporating in Hong Kong. While increased activity by foreign companies in Hong Kong was expected especially due to the recession in the United States and Europe, the growth has still been higher than what was anticipated.

According to GuideMeHongKong.com (www.guidemehongkong.com), Hong Kong is currently one of the most attractive locations for foreign business owners. It is not just the recession in the west that has resulted in increased foreign business activity in the city. More and more business owners want an environment to grow their business with least possible interference from external factors. The fact that Hong Kong is popular as the freest economy in the world with no corruption or red tape restricting foreign businesses has been duly noted by many companies globally. Hong Kong laws are simple and easy to comprehend. The city also follows one of the most liberal taxation systems and has the lowest corporate tax rate in entire Asia. As per GuideMeHongKong.com, the dramatic rise of the Chinese economy has also directly helped Hong Kong. Several entrepreneurs and companies of all sizes in Mainland China are more than interested in having a presence in Hong Kong. This number is expected to grow the most in the coming years and there is increased co-operation between businesses in Hong Kong and Mainland China.

Hong Kong also been ranked in the number two position by the World Bank for overall ease of doing business. Hong Kong’s vibrant economy and business friendly laws are an unbeatable combination for companies around the world. More foreign companies will be eyeing Hong Kong in the future for their business expansion and even possibly shifting their headquarters to the city.

About GuideMeHongKong.com

GuideMeHongKong.com is a Hong Kong-focused business information portal targeted towards entrepreneurs who are exploring a move or business in Hong Kong. The site provides detailed information on Hong Kong company registration, taxation, immigration and ongoing compliance matters for startups and small to medium sized companies. Thousands of visitors use our portal every day to obtain comprehensive, accurate and up-to-date information about Hong Kong. For more information please visit http://www.guidemehongkong.com/

Non-Public Contact:

Andrew Chen

BayBridge PR Solutions

San Francisco, California

Tel: +1-415-992-7060

[email protected]

http://www.guidemehongkong.com/

 

Rise of Asian Entrepreneurs to Benefit Singapore Offshore Company Formations

October 30th, 2011

October 28th, 2011—Singapore—The impressive growth in the Asian economy has meant a dramatic rise in the number of Asian entrepreneurs in the region. This has directly benefited Singapore as many of these entrepreneurs look for offshore destinations and they are most comfortable with the business friendly laws of Singapore. Traditionally, most offshore company owners were from North America and Europe. However, thanks to the recession in the west, there have been a renewed interested in doing business in the east. Many Asian countries have reported high growth figures and Asian entrepreneurs have started to take more risks than before.

According to SingaporeStartup.com (www.singaporestartup.com), Singapore’s ease of doing business for foreign companies is in direct contrast to the complex laws in most Asian nations. Even though China and India are considered as the two Asian giants dominating all economic activity, both those countries rank poorly when it comes to ease of doing business and encouraging entrepreneurism. Business owners from both China and India look at Singapore favorably and thanks to the country’s strategic position in Asia, entrepreneurs are far more comfortable incorporating a company in Singapore than most of the other offshore destinations.

At the moment, Singapore allows foreign entrepreneurs and investors to register a company in the country and retain 100 per cent ownership. There are no requirements to be present in the country during company incorporation and entrepreneurs are allowed to manage their Singapore Company from overseas. The minimum paid up capital requirement is only SGD $1 and several banks in Singapore allow foreigners to open corporate bank accounts after going through a telephonic interview. It is in fact possible to form an offshore company in Singapore and manage it for several years without even visiting the country even once. Singapore’s friendly relations with most Asian nations and positive brand image amongst business owners from across the continent has also benefitted the country in terms of number of offshore companies being formed by Asian entrepreneurs.

About SingaporeStartup.com

SingaporeStartup.com is a leading portal which focuses on offshore companies in Singapore. The site provides in-depth guides on how to setup an offshore company in Singapore and also provides information on laws as well as policies which affect offshore companies in the country. For more information, please visit http://www.singaporestartup.com/

Non-Public Contact:

Andrew Chen

BayBridge PR Solutions

San Francisco, California

Tel: +1-415-992-7060

[email protected]

http://www.singaporestartup.com/

 

You Must Experience an Eclectic Holiday in Durban Central

October 27th, 2011

Durban Central is a meeting place and family holiday destination for everyone – families, business executives and adventurous tourists who want to experience the eclectic flavours of this famous city.

Durban is a world-class holiday destination with a huge variety of entertainment and cultural experiences to offer.  You can have a taste of history by visiting the Edwardian neo-baroque City Hall, for instance. It was built in 1910 and houses the Natural Science Museum, the Durban Art Gallery and the main library – so you have a three-in-one deal here!

If you want peace and the beauty of natural surroundings, take a picnic to the Botanical Gardens and relax.  When you have rested enough, get your handbag ready and go shop in the fascinating Indian markets on Grey Street (you will be sure to find those beautiful silks and saris here), or the arts and crafts stalls in the Warwick Triangle or on the beachfront.  Want some more?  Try the modern malls!

If you have a family and want to give your children an interesting learning experience, do not miss out on uShaka Marine World, everyone enjoys seeing the impressive animals that live in our oceans.

When the day is done and you need a place to crash and put up your feet, choose your Durban Central accommodation from the best on offer – guest houses, B&B’s, luxury lodges, spas and boutique hotels – whatever will suit you best. Wherever you stay, you will definitely have one of the most exciting holidays in Durban Central.

Overseas Entrepreneurs Preferring Singapore Subsidiaries Over Branch Offices

October 27th, 2011

October 27th, 2011—Singapore—Foreign owned companies incorporating in Singapore have continued to prefer registering a Subsidiary company over registering a Singapore branch office. Subsidiaries having a separate legal status with enhanced protection for the shareholder’s personal assets are being seen as the most important contributors to the popularity of subsidiary companies in the country.

According to SingaporeSetup.com (www.singaporesetup.com), this trend is unlikely to change even in the future as the number of advantages of subsidiaries far outweighs any advantage registering a branch office may have. Apart from benefits, branch offices have some significant drawbacks as well. The most important of the drawbacks is the fact that any liability, debt or claims against the Singapore branch office can be extended to the parent company overseas as well. Most foreign business owners are aware of this and hence would never put themselves at risk by opting for a branch office over a subsidiary. Only certain institutions such as foreign banks or other organizations that do not have any choice but to register a branch office do so when incorporating in Singapore.

As per SingaporeSetup.com, the gap between numbers of foreign owned subsidiary companies and branch officesin Singapore will continue to widen in the coming years. Foreign companies want flexibility in their business with the least possible risks involved which only subsidiaries can provide. As long as the laws remain the same with respect to branch offices, there won’t be too many takers for them. Apart from risk factors, branch office also restrict business activities as they need to have the same name, structure and must be involved in the same business as the parent company. There is no room for deviation and managers cannot take advantage of new market trends by diversifying into other sectors. On the other hand, subsidiary companies are allowed to go in whatever direction they deem fit regardless of the parent company’s business activities.

About SingaporeSetup.com

SingaporeSetup.com is a Singapore focused business information portal. We help educate local and international entrepreneurs and companies who are interested in setting up a company and growing business in Singapore. For more information, please visit http://www.singaporesetup.com/

Non-Public Contact:

Andrew Chen

BayBridge PR Solutions

San Francisco, California

Tel: +1-415-992-7060

Email: [email protected]

http://www.singaporesetup.com/

 

HTML5: How Can it Affect Web Sites?

October 27th, 2011

By Helryx Masghthino

As Web users, many of us should be well-educated about how the system and technology operates. Also, it is important to know the way the various acronyms stand for. I have written this article to let you know how HTML5 can impact a website. Using the information in this article, you will be able to know how to maximize your web site usage.

HTML5: The Introduction

I know that most of you already know about HTML5. HTML stands for Hyper Text Markup Language. This feature plays an important role in website design. The last version of HTML is HTML4 and it was released way back in 1997. Sadly, this one wasn’t able to cope up with the fast changing features and demands of website creation.

Apple has created HTML5 in order to have a cleaner website which possess better functionality.

What’s about it?

To enable HTML4 enough to provide the Web site with the functionality that it needs, it has been modified and edited. Nonetheless, you will find there’s price to pay for this. Most website design companies have bought plug-ins like Java and Flash in order to achieve this. Sadly, it has not been best for various mobile devices that we have today. In order to make the most from the battery life and to bring the user the greatest experience that he deserves, Apple has taken out the plug-in feature in many of their portable gadgets, such as iPhones and iPad.

HTML5 is really a great improvement to website designs . It makes browsing of website easier – no more worries when it comes to watching videos and there’s no need any more to download extra plug-ins. There will be no hard days with flash any more.

Here are some great things HTML5 can give to web maintenance:

• Offline storage. You don’t need to download much plug ins and you have an extra storage.

• Speed. All Internet users expect websites to be fast and hassle-free. It’s what HTML5 can really provide. It promotes site speed by incorporating all tools-drawings, animations, videos and many more.

• Ease of use. It makes website creation really easy! HTML5 greatly benefits both site designers and users as it will not require any plug-in as long as the user is utilizing a compatible web browser and that the site is coded.

HTML5: How To use it?

As of now, you can find only a few compatible browsers that can be used to take the benefit of HTML5. These web browsers include Safari, Firefox 3.6 as well as Google Chrome. If you notice any site that has the label ‘Ipad ready’, this means that website is making use of some HTML 5′s functions undoubtedly.

It has been said that HTML5 will be launched this coming 2014. But, we will somehow take advantages on some of its features that these web browsers can provide us with. Try now and see for yourself what’s in store for the future!

Singapore Retains Top Spot in World Bank Doing Business Rankings

October 26th, 2011

October 26th, 2011—Singapore—Singapore has retained its top spot in the World Bank’s 2012 “Doing Business” report for overall ease of doing business. The latest report by the World Bank was released last week and saw no change in the top five positions for ease of doing business. Singapore was ranked in the number one position last year as well and its rankings for starting a new business remained unchanged as well at number 4.

According to GuideMeSingapore.com (www.guidemesingapore.com), the latest rankings as per the World Bank’s annual report are no surprise at all considering Singapore’s business friendly approach. Foreign business owners are treated the same as local entrepreneurs and all resident companies have uniform laws regardless of company ownership. GuideMeSingapore.com feels that in the coming years Singapore’s rankings for ease of starting a new company may also improve further from the current 4th position as the country proactively studies its policies and tries to make things better. Foreign entrepreneurs feel extremely at ease in Singapore thanks to its friendly business environment and clear and precise rules and regulations. There are no ambiguities in Singapore’s company laws and there is nothing open to individual interpretation.

Singapore is also a corruption free country with no red tape or bureaucracy to speak of. It actively encourages foreign entrepreneurs and investors to setup business ventures in Singapore and invest in various sectors. Each year, thousands of foreign companies incorporate in Singapore to take advantage of the friendly business laws and the liberal taxation policies of the country. Singapore’s high economic growth and increased domestic consumption has also meant increasing number of business opportunities for innovative entrepreneurs. Many foreign businesses are seriously considering Singapore as the location of their Asian headquarters and availability of good office space, skilled work force and a number of incentives by the government have all contributed to Singapore becoming the best place on earth to do business.

About GuideMeSingapore.com

GuideMeSingapore.com – a unit of Janus Corporate Solutions Pte. Ltd. – is one of the leading informational portals on Singapore. The site is targeted at individuals as well as companies who want greater insight on starting a business and relocating to Singapore. For more information, please visit http://www.guidemesingapore.com/

Non-Public Contact:

Andrew Chen

BayBridge PR Solutions

San Francisco, California

Tel: +1-415-992-7060

Email: [email protected]

http://www.guidemesingapore.com/

 

Rattan Direct’s Exquisite Collection of Garden Furniture Items

October 24th, 2011

Bolton, Lancashire – October 18th, 2011: Trying to purchase quality wicker furniture  items? Then, definitely, you should try out the products available from Rattan Direct. If quality is the major point of concern, then it is necessary to search for stores that are providers of quality items. Rattan Direct is one such store which offers genuine quality items at lowest prices.

Each and every customer will love to avail items that are strong in quality yet quite affordable. And this is where the company scores well. The rattans that are processed to create the furniture items are all of genuine high quality and hence, the chances of catching up termites and bugs are dismissed. Rattan Direct furniture is hand-made by weaving natural Rattan around a solid hardwood Mahogany wooden frame with solid hardwood legs. Not the lightweight tubular metal often seen.

Moreover, these items can sustain the natural calamities with equal ease. Each and every item is extremely comfortable while one uses them. Hence, it is very important to keep in mind that purchasing garden furniture  from Rattan Direct is the best option to avail – and is also quite budget friendly in nature.

Order placement can be done directly through the website or even over phone. It doesn’t take much time to get the items delivered if the order is from United Kingdom. However, international shipment takes some more time to complete.

About the Company:

Rattan Direct has been a pioneer in manufacturing garden furniture items for quite a certain period of time. The items are manufactured from the highest quality of rattan and hence, can be quite effective in the long run.

The company provides an elongated guarantee on each of the items manufactured from their store. The online store is there to make the people enjoy the shopping procedure in a comfortable and relaxing way.

wicker furniture

garden furniture

India and Vietnam Eye Closer Business Ties

October 23rd, 2011

October 21st, 2011—Mumbai, India—With Vietnamese President Truong Tan Sang visiting India last week, both countries are eyeing closer business ties and mutually benefiting from the growth in the economies of each of the nations. Both India and Vietnam have one of the fastest growing economies in the world with bilateral trade of about US $4 billion. However, with renewed focus on business ties between the two countries, there is a target of achieving trade of US $7 billion within the next three to four years.

According to IndiaCompanySetup.com (www.indiacompanysetup.com), both India and Vietnam can greatly benefit if there is closer co-operation between the two countries. India presents one of the biggest markets for Vietnamese companies while exports from India to Vietnam are expected to rise exponentially in the near future. With a modernization drive currently being implemented in Vietnam; India can play an important role in various sectors in the country. This includes information technology, oil and gas industry and the manufacturing sector in Vietnam.

Although the two countries have always shared extremely friendly relations, bilateral trade between India and Vietnam could have been much more than what it is right now. As per IndiaCompanySetup.com, this is the right time for both nations to explore opportunities together and Indian businesses would do well if they researched on the Vietnamese markets and made strategic investments. On the other hand, Vietnamese companies themselves are encouraged to try and have some sort of a business presence in India as they could either source products from the nation or supply essential goods to India as the country’s domestic consumption reaches record highs. Both nations have a need to import various goods and services and hence bilateral trade between the two countries must be taken to the next level for mutual benefit. The just concluded Vietnam-India Business Forum is definitely a step in the right direction and there needs to be more initiatives like these in the near future.

About IndiaCompanySetup.com

IndiaCompanySetup.com is an India focused business information portal. It provides detailed and accurate information on how to setup a company in India as well as information on company laws, business environment and other important information on doing business in India. For more information, please visit http://www.indiacompanysetup.com/

Non-Public Contact:

Sonia Shashtri

IndiaCompanySetup.com

[email protected]

Tel: +1-415-800-4828

http://www.indiacompanysetup.com/

High Net Worth Individuals Grow in Hong Kong

October 23rd, 2011

October 21st, 2011—Hong Kong—According to a joint report by Capgemini SA and Bank of America Corp, Hong Kong grew the fastest in terms of new millionaires in the year 2010. The number of high net worth individuals in Hong Kong has always been quite high but since the past few years, the numbers have been rising quite dramatically as the city continues to thrive with a vibrant economy and having the status of being one of the most business friendly destinations on earth.

According to GuideMeHongKong.com (www.guidemehongkong.com), Hong Kong is an important global business hub and the meeting point for east and the west. The city is already having the highest density of regional corporate headquarters and a few thousand foreign owned companies are expected to be registered in Hong Kong each year for the next decade or so. Also with the dramatic rise of China, Hong Kong has done well in acting as the gateway to China for foreign companies and hence, there is a lot more investment activity in the city these days. Hong Kong’s property market is also seen as a risk-free investment option with prices expected to rise another 5 per cent in the near future.

As per GuideMeHongKong.com, it comes as no surprise at all that Hong Kong tops the list of destinations with fastest growing number of millionaires as the city has one of the best business environments you can find anywhere in the world. Even with the slowdown in the west, Hong Kong has gone from strength to strength and companies have performed better than expected. With Hong Kong’s role as the gateway to China getting more prominence and its own free market economy continues to attract more investment, the number of millionaires will continue to grow quite rapidly. Businesses in Hong Kong are amongst the most optimistic about their future growth and the recession in the west has only increased the attraction of Hong Kong amongst global entrepreneurs.

About GuideMeHongKong.com

GuideMeHongKong.com is a Hong Kong-focused business information portal targeted towards entrepreneurs who are exploring a move or business in Hong Kong. The site provides detailed information on Hong Kong company registration, taxation, immigration and ongoing compliance matters for startups and small to medium sized companies. Thousands of visitors use our portal every day to obtain comprehensive, accurate and up-to-date information about Hong Kong. For more information, please visit http://www.guidemehongkong.com/

 

Non-Public Contact:

Andrew Chen

BayBridge PR Solutions

San Francisco, California

+1-415-992-7060

[email protected]

http://www.guidemehongkong.com/