1. ERP at the Head Office, assuming the US or Canada
Usually, this is not a question, but an existing prerequisite. If you go into international business, your company is already established in the country. Let’s assume you are an intermediate organization and use Microsoft Dynamics GP, formerly known as Great Plains Dynamics or enterprise, and this application includes the necessary business logic: Inventory and Warehouse Management, Manufacturing, Logistics, Shipping and Receiving, Sales, Purchases, Fixed Assets, etc. It is natural to issue ideas about implementing Dynamics GP abroad, why not? If needed, we can translate several screens and reports into Brazilian Portuguese, for example, and leave? … Unfortunately, the reality of international business is more complex and you have to think of localization for your country’s subsidiary base, say Brazil
2. ERP localization
The localization of accounting applications must be understood in two parts. First, it must be translated into the local language. Of course, you don’t want to reinvent the bike and translate Dynamics GP from English to Portuguese at your own expense, you want to know if this has been done. Unfortunately, the answer is no – Dynamics GP is not marketed in countries like Brazil by Microsoft, instead Microsoft Business Solutions Brazil recommends Dynamics AX Axapta or NAV Navision. The second aspect of ERP localization is the local tax code and government reporting compliance. In Brazil, to give you a few examples, you have to apply the logic of sales invoices to support sequential factura figures, plus …Read more
GDI – which is short for Global Domains International, is an idea born in 1999 by Alan Ezeir and Michael Reed. Their goal is to start a network marketing business by providing “.ws” domain extensions for “websites”.
This is a Global Domain International Review which aims to determine impartially whether GDI is a good MLM business opportunity that is also legitimate and trustworthy.
The .ws domain from GDI costs 10 $ a month and includes:
- Register your domain
- 100MB storage space to host your website
- a website builder that can help you build your site from scratch very quickly, with 100MB of gallery storage
- 10 email addresses for each domain, 1 GB of storage space per address
- the option to forward your domain to another location or to use another hosting company
The compensation package looks like this: You get $ 1 for each new affiliate in your network starting with your direct affiliate at level 1 to indirect affiliation from up to level 5. You may have many affiliates per level that you can add.
There is also a premium package recently introduced for $ 40 a month that compensates $ 15 a month for your first level affiliates and $ 5 for them from level 2 to level 5. The possibility of earning is much higher and every premium affiliate enters the daily lottery for trial registration new ones that don’t have affiliate sponsors.
Let’s look at some of the pros and cons of becoming an affiliate with …Read more
When working at the international level, it is important to have a focused and balanced approach for every aspect of your business. From the way companies negotiate with clients, to products and services provided by businesses, everything must be carefully managed to gain a foothold in the international market.
Modern Technology Has Made This Much Easier
Modern technology has made this much easier for many companies. Orders for products can be received all over the world through websites, and communication has become simpler and easier to manage thanks to new technologies such as e-mail, broadband telephone services, and Internet fax. However, many businesses do not make use of this last item – many traditional fax machines are still in use today, despite the fact that faxing over the Internet is superior in almost every possible way. Considering some differences between traditional fax services and Internet fax services can be worth the time for any business that competes in the international market.
Internet Fax Services
First, Internet fax services allow a single fax number to be used for all company incoming orders. This can be difficult, expensive, and even impossible for traditional fax lines because hundreds of separate machines and channels need to be installed to avoid falling orders. Internet fax services receive all of their data via a broadband connection, and never report “failed calls” to the fax machine that sent them the order because no fax has ever been dropped. Regardless of how many faxes are received at once, …Read more
Barbados and Canada have very strong international business relations with the island which acts as a business center for offshore Canada. The strong relationship between the two countries goes back to British colonial times and has developed into an important partnership for the two countries.
Barbados – Canada Relationship Facts
Canada provides the largest source of Foreign Direct Investment for the Barbadian economy
Barbados is the third largest recipient of Canadian international investment after the U.S. and AK.
Canadians represent 75% of the international financial community in Barbados
Canadian banks with a strong presence in Barbados include RBC Royal Bank, Scotiabank and CIBC FirstCaribbean Bank.
Barbados – Canada Tax Treaty Benefits
The Barbados – Canada tax treaty has been in place for over three decades and plays a key role in facilitating the close international business relationship between the two countries. The treaty means that Canadian companies registered in Barbados may legally benefit from the many advantages granted to international businesses registered on the island.
The treaty offers the following benefits to Canadian companies registered in Barbados:
A low tax rate of 2.5% down to 1% on taxable profits
Capital gains are tax exempt
No withholding taxes on royalties, dividends, interest or management fees for non-residents
No exchange controls on foreign currency transactions
Free from import duties and taxes on machinery, materials, factories and equipment
There are no capital requirements
Additional benefits offered by Barbados as an international business center include:
A highly educated workforce is available to provide management, …Read more
In this era where information can be a very strong and strategic asset, both for individuals and companies, and information is the same as money, especially for a trader, closing himself off from news can kill himself. The Forex market is very sensitive to the news flow associated with it, and the movement of major short-term currencies is almost always preceded by changes in the fundamental outlook influenced by the news. Traders around the world make a living by processing and translating information into money. Financial news service providers know how important news is to Forex market players, and charge a premium for that. It is not uncommon to get hundreds of headlines that are potentially relevant to Forex trading from news service providers on an average trading day.
Traders, especially those who trade the Forex market, need the latest news updates to facilitate their trading decisions which must be made in a flash. They mostly use online financial news services such as Dow Jones Newswires, Bloomberg and Reuters, which display the latest financial news on their computer monitors. Because the speed of news dissemination is very important for traders, many choose this online instant news service rather than relying on daily newspapers such as the Wall Street Journal or Financial Times which carry stale news that is of little use to traders.
The main reason why news is so important to Forex trading is that each new piece of information can potentially alter the trader’s perceptions of the current …Read more