Benefits of Internet Fax for International Business
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Benefits of Internet Fax for International Business

Benefits of Internet Fax for International Business

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, …

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Barbados: Canada's Offshore Business Paradise
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Barbados: Canada’s Offshore Business Paradise

Barbados: Canada's Offshore Business Paradise

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, …

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