One of the key concerns for SMEs and business entrepreneurs who wish to establish a business is zeroing in on an ideal jurisdiction for their company incorporation. The crucial questions that concern company incorporation in any jurisdiction are: What are the statutory requirements to incorporate a company? What is the country’s foreign ownership policy? Is the incorporation procedure simple or complex, time-consuming or quick? What is the cost of company incorporation? What are the compliances that the company needs to adhere to after incorporation? Is it easy for foreigners to relocate to a country for running the company?

Singapore. A local registered address (commercial or residential but no PO Box). At least one local resident director (a Singapore Citizen, a Singaporean Permanent Resident, a person who has been issued an Entrepass, Employment Pass, or Dependent Pass) and unlimited maximum number of directors. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractices. Directors must be natural persons. A local resident and qualified company secretary who is a natural person and not a corporate. A minimum of 1 and maximum of 50 shareholders. A director and shareholder can be the same or different person. A shareholder can be an individual or corporate.

Minimum paid up capital of SGD 1.00. No authorized capital required.
Malaysia. A local registered address. At least two local resident directors (a Malaysian Citizen or a Malaysian Permanent Resident, a person who has been issued an Employment Pass) and unlimited maximum number of directors. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractices. Directors must be natural persons. A local resident company secretary who is a natural person and not a corporate. The company secretary must either be a member of a professional body prescribed by the Minister of Domestic Trade and Consumer Affairs; or licensed by the Companies Commission of Malaysia. A minimum of two shareholders and maximum of 50 shareholders. A director and shareholder can be the same or different person. A shareholder can be an individual or corporate. A minimum authorised capital of RM 100,000 and paid-up Capital of RM 2.00.

Company registration in Singapore can be completed within 1 day. In Malaysia it takes 7-10 days to incorporate a company. Singapore. Fees for company incorporation with Companies Registrar: SGD 315. Fees for company registration with tax department: None. Malaysia. Fees for company incorporation with Companies Commission varies depending on the amount of authorized capital and can range from SGD 400 to SGD 28,000. Fees for company registration with tax department: None. Singapore. Annual returns along with audited annual accounts must be filed with Companies Registrar within 1 month of the Annual General Meeting. Tax returns along with audited accounts must be filed with the Inland Revenue Authority of Singapore by 31 October each year.

Malaysia. Annual returns along with audited annual accounts must be filed with the Companies Commission within 1 month of the Annual General Meeting. Note: Exempt private companies (not more than 20 shareholders and shares are not held by another company) need not file audited accounts. However, they are required by law to maintain their audited accounts for inspection by the authorities at any given time. Every company must keep accounting and other records as are necessary to explain the transactions and financial position of the company and to allow a profit and loss account and a balance sheet to be prepared.

Singapore. A company shall appoint an auditor within 3 months from the date of incorporation, unless it is exempted from audit requirements under Section 205B, or 205C, of the Companies Act. Malaysia. Every company must appoint one or more auditors who must be approved auditors in Malaysia. Appointment of auditors must be done before the first Annual General Meeting.

Although it is relatively easy to set up a business in Singapore and Malaysia, there are certain key differentiators between both the jurisdictions for company set up. Singapore is known for its ease of company set up which can be completed within 1 day, as compared to the 7-10 days norm of Malaysia. Moreover, a Singapore company can be registered with a fee of SGD 315. This is significantly low when compared to the registration fee for a Malaysian company which ranges from SGD 400 to SGD 28,000 depending on the company’s authorized capital. Last but not the least; it is easier for foreign investors to satisfy the eligibility criteria for Singapore work passes as compared to the requirements for a valid Malaysian work visa. Thus, Singapore offers a better business environment for company incorporation as compared to Malaysia.

Art and science has once again collaborated in the unique offering by Centennial College. The institution created a media education program at its main site at Progress campus, with the help of the School of Communications, Media and Design and the School of Engineering, Technology and Applied Science. This innovative graduate certificate program is called Entertainment and Media Systems Design (3420). It offers a hybrid of design skills combined with practical application in engineering. The fast-paced one-year program holds two semester of intensive classroom learning with a third semester of work placement prior to obtaining the Ontario College Graduate Certificate.

If you are passionate about media production, with things like sound, visual, and website designs, step up to the engineering level and learn how to develop and produce different types of media. Media engineering affects today’s modern communication channels, using the knowledge in information technology and media design principles. The School of Communication, Media and Designis offering the Entertainment and Media Systems Design program to those with a university degree or college diploma within the engineering, technological, or media disciplines. The program is meant to put emphasis on your current education and for you to gain a sustainable and competitive career.

Some of the advance and specialized learning outcomes of the curriculum are outlined below:

Skills involving audio, video, and data signals with theory on the physics of sound and images

Integration of various online content through a content management system

Artistic ability in identifying design elements, configuring colour compositions, and implementing solutions with a design and functionality

Best practices of web and interactive design, using tools like Adobe Dreamweaver and Flash in developing outlines and storyboards

Implement web applications using scripting languages such as HTML, JavaScript, PHP, ASP NET, JSP, and Adobe Flex 2

Capable of utilizing programmable logic controllers (PLC) in order to manipulate electrical devices in automated systems

Familiarization with the operations of interactive media design in mobile devices and on the web in wireless devices

Techniques and technologies to develop large scale installations used in retail, museums, exhibits, signage areas, and other public environments

Practical application of licensing deals, venture capitals, and other financial plans and business models to prepare an entrepreneurial mindset in the media technology area

Document technical design requirements and improve process using quality assurance methods

Technological advancements and new media channels are the driving force behind the Entertainment and Media Systems Design program. Centennial College adds its touch of collaborative group work settings, hands-on training using lab work and projects, and mentorship from industry experts through the faculty. Most of the media studies courses in Toronto have case studies and practical work component. Each of the program’s three semesters has a major project component; Students collaborate with their peers to present viable solutions to challenges to industry panels where they can showcase their media engineering techniques and ideas related to product development and business plans. In addition, a 15 week work placement will introduce students to a media production environment where further hands on experience will be completed. Graduates of the program are ready to start their career in professions like Digital Producer, User Experience Designer, and Software Programmer.

For business owners looking forward to expand their business in domestic and international market, a Taxation Consultant is of great help in managing all domestic and international taxation matters. By and large, taxation regulation varies from country to country and thus it is vital to choose a trustworthy taxation consultant that can accommodate worldwide taxation requirement and regulation with ease.

Taxation Consultants are majorly identified as Individual Tax Consultants or Corporate Tax Consultants. They aim at keeping the clients tax to minimum while adhering to the local rules and regulations. With expert knowledge about the subject, they effortlessly tackle even the most complicated tax situations.

How Can A Taxation Consultant Help You?

Understanding Taxation Policies: Tax Policies are extremely technical and complex and can be extremely confusing for anyone. A Taxation Consultant makes it easy for you to understand the various taxation policies.

Professional Help: Taxation Consultants are professionals who undergo extensive training before growing into qualified consultants. They are expert in reading, disseminating and interpreting tax related information.

Saving Your Funds: Taxation Consultants are highly knowledgeable and well acquainted with policies. They efficiently help you to save taxes and suggest easier ways to save cost.

Maintaining Your Returns: Consultants enable you to keep a track of returns and also help in filing your taxes by the deadline. Thus they help you to ensure that no negative implications affect your business.

Choosing A Taxation Consultant

When it comes to finding a Taxation Consultant, you should always strive to explore all the possible options. Visit as many as possible websites of Taxation Consultants and evaluate the services they offer. Apart from this, here are a few tips that can help you to choose a professional Taxation Consultant:

Fees: The most important thing to remember while searching for a Taxation Consultant is to know what amount of fees they charge. Two things to keep in mind when considering the fees are:

It is important not to appoint a consultant that charges some particular percentage of your revenue.

You should never avail the Taxation Services of a Tax Consultant who promises larger returns than others.

Clearly Communicate Your Expectations: It is important to understand what you expect from a Taxation Consultant and ask whether or not they can fulfill the same. This helps in determining their efficiency and competence.

References: You should always ask the Tax Consultant for references. References help you to know their past performance as well as the level of commitment.

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Ever since, US President Obama vowed to punish U.S. “corporations that ship our jobs overseas,” the backlash in India against such a disastrous move has spread to officials from government, IT industry associations, and leading Indian IT services companies such as Infosys and Wipro. And while they say they want to wait for more details, they are also clearly deeply concerned about the huge implications such policy would have.

While today’s highly interdependent global economy renders Obama’s 19th-century notion of “our jobs” meaningless, the bigger issues are the impact such a move would have on the overall Indian economy’s ability to continue being a major consumer of U.S.-made products and services, and the likelihood that other countries would react to Obama’s protectionist stance with their own equally unproductive and trade-reducing positions.

Volume of concern from India
According to the sources US President Barack Obama’s statements on curbing tax breaks for outsourcing companies in the US set alarm bells ringing in the Indian IT sector.

Nasscom president Som Mittal, noting that American companies generate 50% of their revenue outside the U.S., said, “To be globally competitive, they also depend on globally shared services.” The body also said that any protectionist move by the US that adversely impacts the domestic outsourcing industry might trigger retaliatory measures by India.

Infosys in a statement said, “We are confident that the US will not take any measure which might hurt its global competitiveness and policies of protectionism would only hinder the revival of the world economy.”

Impact on the US

Obama’s tax proposals on the foreign investments made by American companies, if accepted by Congress, could affect their global competitiveness and would leave them at significant disadvantages against non-US companies. The report said while there are no direct proposals that impact off-shoring to India, the US corporations having business presence abroad could be saddled with increased tax cost if these proposals are enacted.

As per US government’s estimate, Obama’s proposals will generate $210 billion in revenue over 10 years. The new tax proposals also seek to tighten the foreign credit rules. It proposes to disallow foreign taxes paid on income, which is not subject to US tax. This may lead to double taxation and discourage US companies to invest overseas.

The Evasive Measures
US protectionism forces TCS to hire more foreigners: Seeking to mitigate protectionist measures like visa restrictions being adopted by countries like US, the top Indian IT exporter, TCS, is looking to employ more local nationals in key markets.

NASSCOM to meet FM for pre-budget consultations: The members of NASSCOM will meet Finance Minister to put forward their demands for the sector.

Outsourcing companies take cost-cut call: Indias $47 billion IT outsourcing industry, struggling to cut costs without compromising on seat capacity, is now reinventing the wheel. Some of them have stitched up deals with telecom companies, outsourcing their own communication infrastructure, a model now known as hosting services.

James Frederick Tenney is an attorney based in Atlanta GA area and he has great expertise in the field of business taxation and international taxation. James Tenney attended the University of Michigan and University Of Tennessee to receive his undergraduate degree in Finance and his law degree. He received his Master of Laws in Taxation from Emory University. James Tenney, Attorney Atlanta has worked for hundreds of clients over the years and he has provided legal counsel legal help for a wide range of investment and business transactions. His expertise in the tax planning area has helped businessmen in making the best use of their available resources and he has also helped them structure their operations to minimize federal and state taxes. James Frederick Tenney also has also provided legal advice related to estate planning, asset protection, tax controversies, structuring business entities, international business transactions and more.

With his experience of more than 30 years in the field of law and taxation, James Tenney has provided legal help to businessmen, professionals, individuals and corporations for a wide variety of legal and taxation matters. He is also a member of the American Bar Association, the International Bar Association, the State Bar of Georgia, the Tennessee Bar Association, the ABA Section on Taxation and several of its national committees. James Tenney, Atlanta, GA is also a Certified Public Accountant licensed in the State of Georgia.

A prominent speaker, Mr.James Frederick Tenney has also delivered lectures and seminars on various aspects of law at national, regional and local seminars. His seminars have helped businessmen, corporate employees and individuals learn more about how taxation impacts their business and their personal lives.various procedures related to taxation. James Tenney Attorney Atlanta has also published various articles in popular professional and trade publications.

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