Armenia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Armenia may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Armenia exports around $1.65 billion and imports roughly $3.46 billion. 18.2% of population in the country are unemployed. The total number of unemployed people in Armenia is 534,016. In Armenia, 32% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Armenia is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 3% of GDP. The Gini Index of the country is 30.9. Armenia is experiencing good equality. The majority of citizens in Armenia fall within a narrow range of income, although some cases may show significant differences. Armenia has a Human Development Index (HDI) of 0.73. Armenia has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Armenia is 2.028. The strength of legal rights index for Armenia is 5. Overall, it is considered to be rather inadequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient.
Currency The currency of Armenia is Armenian dram. The plural form of the word Armenian dram is drams. The symbol used for this currency is ֏, and it is abbreviated as AMD. The Armenian dram is divided into Luma; there are 100 in one dram.
Credit rating The depth of credit information index for Armenia is 8, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the Fitch credit-rating agency, Armenia has a credit rating score of BB-, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Armenia has a credit rating score of Ba2, and the prospects of this rating are negative.
Central bank The prime lending rate of Armenia's commercial banks is 15.9. In Armenia, the institution that manages the state's currency, money supply, and interest rates is called Central Bank of the Republic of Armenia. Locally, the central bank of Armenia is called Hayastani Kentronakan Bank. The average deposit interest rate offered by local banks in Armenia is 10.4%.
Public debt Armenia has a government debt of 13.22% of the country's Gross Domestic Product (GDP), as assessed in 2010.
Tax information The corporate tax in Armenia is set at 20%. Personal income tax ranges from 24.4% to 36%, depending on your specific situation and income level. VAT in Armenia is 20%.
Finances The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Armenia is $20.831 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Armenia was last recorded at $0 million. PPP in Armenia is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Armenia is 10 billion. Based on this statistic, Armenia is considered to have a small economy. Countries with small economies generally support less industries and opportunities for investment. However, worthwhile investment opportunities may be found. The Gross Domestic Product (GDP) per capita in Armenia was last recorded at $0 million. The average citizen in Armenia has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Armenia averaged 3.2% in 2014. According to this percentage, Armenia is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.
The logistics performance index of Mali is 2.5. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Customs performance is rated at 2.08. It indicates a mediocre performance - although somewhat ineffective, clearence porcesses do not overly discourage international business activity, occasionally fees and/or documents needed may be unpredictable, long clearance time can also be a problem.
Infrastructure quality in Mali is rated to be at 2.2. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
International shipment quality is 2.8. It indicates a satisfactory performance - the services are adequate and the prices are not too high and usually accurately match the quality, although there is still room for improvement.
The competence of logistics service providers is valued at 2.2. The providers are of mediocre competence - they are able to ensure a certain degree of quality in their services, even excelling at times, although generally their performance may still be lacking in many aspects.
Tracking possibilities for shipments are rated at 2.7. 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 2.9. It indicates a satisfactory performance - most of the shipments arrive timely and within the scheduled time brackets; late arrivals are still possible, although uncommon.
In Mali, 25.6% of the population has access to electricity. Mali has 25 airports nationwide. There are 437 internet hosts in Mali.
Road network The total road length in Mali is 22,474 km (13,968 miles). Out of them 0 km (0 miles) of roads are classified as motorways, freeways, or autobahns.
Gas price On average, you would pay 1.47 USD for one liter of gasoline in Mali. One liter of diesel would cost 1.06 USD.
Every year over USD 1 trillion is distributed worldwide in the form of foreign direct investment. Investments by foreign investors and entrepreneurs are of significant value to the country and are seen as a sign of a healthy economic, political and legal environment. When it comes to investing your money, some countries are simply better than others. It depends on numerous factors such as the country's overall economy and growth prospects, political stability, taxation and the overall legal system, the complexity of starting a business, opening an account and the workforce.
In this article, we summarize three jurisdictions in terms of benefits and other features crucial to foreign investors. These countries have already proven their ability to attract multinationals and other investments, but when it comes to choosing the right place to invest, each country is different and might be better than others in one or more factors.
Singapore The first country to be analyzed is Singapore, which ranks 2nd among the best countries for investment and 15th among the best countries in the world in the US News Best Countries Ranking developed in cooperation with its international partners.
Located in Southeast Asia, Singapore is a bustling metropolis and home to one of the busiest ports in the world. As one of Asia's four economic tigers, the country has experienced impressive growth in recent years thanks to efficient production and manufacturing processes and innovations in the pharmaceutical and electronics industries. High GDP per capita and low unemployment make Singapore one of the wealthiest countries in the world.
Hong Kong Hong Kong is a special administrative region of China. While Hong Kong is often considered as a separate entity from China, it is not a country and therefore enters all lists and rankings under the name of China. China takes 26th place among best countries to invest in and 20th place among best countries in general.
Hong Kong’s legal system is characterised by the strict adherence to principles and the rule of law. It operates a free trade economic system and promotes minimal government interference in most sections of the economy. This reflects on the small number of tariffs and duties on traded goods and therefore it is a better place for investments than other parts of China. Foreign investments are attracted by promoting a favourable investment climate with low taxes, few restrictions and additional incentives to encourage investments. Corporate profits tax rate is 16.5% with a possibility to waive 75% of the tax. There is no tax levied on dividends. Company incorporation is a simple and fast-forward process. All applications for company incorporation also include an application for the business registry. The application can be submitted online and the processing generally takes one hour (as opposed to four days if the application is submitted in hard copy).
Due to its impressive growth and increasing immigration, Singapore attracts the best professionals to its workforce. The country offers cultural diversity and, with four official languages, is an important gateway for international trade. The corporate tax rate is 17%, but it can be reduced by taking advantage of numerous government subsidies, incentives, and other programs. Singapore's legal system is known for its integrity, efficiency and fairness, making the country better than many as a place to start and operate a business. The World Bank Group has recognized Singapore's political and regulatory environment as the most business-friendly in the world. Other factors: Least Corrupt Country in Asia; Best IP protection in Asia; Most popular country for arbitration in Asia.
United Arab Emirates The United Arab Emirates or UAE is listed as the 22nd best country in the world and is not mentioned among the best countries for investment according to the above ranking.
Before the discovery of oil in the mid-20th century, the UAE's economy was mainly based on fishing and the pearling industry. The country experienced rapid growth and general transformation along with the start of oil exports in the 1960s. Today the country's GDP can be compared to that of leading European countries and the World Economic Forum has named the UAE the most competitive place in the Arab world.
When incorporating a company in the United Arab Emirates, foreign investors can choose between offshore or onshore registration, whichever is more suitable for the type of company and the activities planned. Onshore registration means that the investor establishes a business presence on the UAE mainland. Offshore registration usually refers to a business presence in one of the UAE's free trade zones. The UAE does not levy corporate income tax at the federal level. However, most Emirates have some corporate income taxation and can even reach 55% for certain industries. In practice, corporate income tax is mainly levied on gas and oil companies and branches of foreign banks. Other factors: The UAE is among the most liberal places in the Gulf with a legal system that allows freedom of religion; No sales tax or VAT but with plans to introduce it in the future; In addition to traditional banking, Islamic (or Sharia-compliant) banking has seen tremendous growth in recent times.
With the right documentation and initial expenses, it is possible for a foreign citizen to open a bank account in Romania. This international account and investment opportunity offers several advantages based on economic regulations and tax structures. Interest rates, tax laws and fees vary depending on the country in which you invest; Careful research and strategic financial actions could result in significant portfolio growth.
If one is considering opening a bank account in Romania, one must enlist the help of international experts to guide them through the process.
Legal structures in Romania Each international jurisdiction adheres to different legal structures for taxation and banking. Confidus Solutions helps you understand the nuances of each country's legal structure. In order to do business in Romania, it is crucial that you have a thorough understanding of the financial and legal ramifications.
Initial investments The vast majority of bank accounts in Romania require an initial financial outlay to secure the account opening. This value differs from bank to bank and also depends on variable exchange rates. An international financial expert will help navigate these conversions, as well as the various fees and minimums associated with maintaining a bank account. Make sure you understand the interest and growth rates associated with each prospective international bank account so you can maximize your returns while minimizing risk.
Tax structures in Romania To get the best results and avoid bureaucratic and legal pitfalls, enlist the support of an expert in international finance and economics. This initial investment in proper processes and research will help avoid a litany of long-term costs and fees related to unforeseen errors and legal errors. Language skills, financial know-how and bureaucratic experience ensure that your account opening is processed smoothly and without unintended consequences.
The Logistics Performance Index of the Philippines is 3. It indicates satisfactory performance - in general, traffic is handled well, some deficiencies in specific areas are possible, but overall the logistics system is reliable and ready to handle predictable traffic volumes.
Customs performance is rated 3. 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 the Philippines is rated at 2.6. It indicates satisfactory quality - roads, railways, ports and other facilities are capable of handling significant traffic at all times, and are also suitable for various types of transport vehicles and ships.
International shipping quality is 3.33. 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 2.93. 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.
The tracking options for shipments are rated 3. This indicates satisfactory performance - the tracking systems provide all the basic information, as well as additional data about shipments; Mostly it also has a well-established cooperation with foreign and international tracking systems and usually offers information in several languages.
Tracking options for shipments are rated at 3.07. This indicates satisfactory performance - most shipments arrive on time and within scheduled time frames; late arrivals are still possible, albeit uncommon.
In the Philippines, 87.5% of the population has access to electricity. The Philippines has 247 airports nationwide. There are 425,812 internet hosts in the Philippines.
Road network The total road length in the Philippines is 217,456 km (135,150 miles). Of these, 380 km (236 miles) of roads are classified as freeways, dual carriageways, or freeways.
Gas price On average, a liter of gasoline costs $1.05 in the Philippines. A liter of diesel would cost $0.55.
Laos logistics performance index is 2.39. It indicates mediocre performance - transit procedures are relatively unreliable, punctuality and safety of transported goods are often an issue, although such a system can work relatively well when traffic is not too heavy.
Inch performance is rated at 2.45. This indicates mediocre performance - although somewhat ineffective, clearing processes do not unduly deter international business activity, occasionally required fees and/or documents required can be unpredictable, long clearing times can also be an issue.
The infrastructure quality in Laos is rated at 2.21. It indicates mediocre quality - roads, railways, ports and other facilities are capable of handling some significant traffic, but not enough to ensure smooth transit at all times.
The quality of international shipping is 2.5. 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 2.31. The providers are of mediocre competence - they can ensure a certain quality of their services, sometimes even outstanding, although their overall performance can still be deficient in many aspects.
Tracking options for shipments are rated 2.2. It indicates mediocre performance - the tracking systems provide some information, which usually includes the most necessary subjects, such as the current location of a shipment, the arrival and departure dates and the status of a shipment; however, there is usually a lack of more detailed information on the status and multilingual accessibility options.
Tracking options for shipments are rated at 2.65. This indicates satisfactory performance - most shipments arrive on time and within scheduled time frames; late arrivals are still possible, albeit uncommon.
In Laos, 70% of the population has access to electricity. Laos has 41 airports nationwide. There are 1,532 internet hosts in Laos. The number of road motor vehicles per 1000 people in Laos is 4.
Road network The total road length in Laos is 39,568 km (24,592 miles). Of these, 0 km (0 miles) of roads are classified as freeways, dual carriageways, or freeways.
Gas price On average, a liter of petrol costs USD 1.4 in Laos. A liter of diesel would cost $0.78.
Australia and Oceania is a region in the Pacific Ocean, south of Indonesia, the Philippines, China and Japan. It is a very diverse region in many ways – culture, economy, industry, etc. This diversity of economic environments allows for a wide range of opportunities for starting a business, from powerful economies like Australia to smaller islands with special tax optimization plans, like Vanuatu.
Saudi Arabia is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Saudi Arabia may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Each year, Saudi Arabia exports about US$376.3 billion and imports about US$147 billion. 5.7% of the country's population is unemployed. The total number of unemployed in Saudi Arabia is 1,912,598. Government spending on education is 5.6% of GDP. Saudi Arabia has a Human Development Index (HDI) of 0.836. Saudi Arabia has a high HDI score. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Saudi Arabia is 2,042. The Strength Rights Index for Saudi Arabia is 2. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.
Currency The currency of Saudi Arabia is Saudi Riyal. The plural form of the word Saudi riyal is rial. The symbol used for this currency is ر.س, abbreviated as SAR. The Saudi Riyal is subdivided into Halala; there are 100 in a riyal.
Credit rating Saudi Arabia's credit rating depth index is 8, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to the rating agency S&P, Saudi Arabia has a credit rating of AA- and the prospects for this rating are stable. According to the rating agency Fitch, Saudi Arabia has a credit rating of AA and the prospects for this rating are stable. According to the rating agency Moody's, Saudi Arabia has a credit rating of Aa3 and the prospects for this rating are stable.
Central bank In Saudi Arabia, the institution that manages the state's currency, money supply and interest rates is called the Saudi Arabian Monetary Agency. Locally, the central bank of Saudi Arabia is called مؤسسة النقد العربي السعودي.
National debt Saudi Arabia has a public debt of 12.9% of the country's gross domestic product (GDP) as estimated in 2012.
Tax information Corporate tax in Saudi Arabia is 0%. VAT in Saudi Arabia is 0%.
Finances The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Saudi Arabia is US$1609628 billion. The gross domestic product (GDP) per capita in Saudi Arabia, calculated as purchasing power parity (PPP), was last at 48 million US dollars. PPP in Saudi Arabia is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Saudi Arabia is 748,450 billion.