shivam pandey (shivam

hello i am shivam. and i am working with ODINT CONSULTING

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Meaning Of Offshore Banking

Financial transactions that take place outside of your country with the use of an offshore bank account are referred to as offshore banking. "Global elites" are financial firms that engage in and make deals with worldwide financial institutions.

It is frequently viewed negatively. This is due to the perception that some people utilise it to protect their wealth and avoid paying taxes. Others use it for unlawful purposes such as financial fraud and tax avoidance.

Despite the numerous illegal actions associated with offshore banking, it can be safe and legal if you have and follow the following guidelines:

Establish a business in a country other than your own.
Create a bank account and deposit funds in a location where you plan to spend a considerable amount of time each year.
Have put in a large sum of money.

Read More: https://ondemandint.com/resources/open-an-offshore-bank-account/

How To Open an Offshore Bank Account In 2022?- ODINT Consulting

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Often foreigners have financial transactions in other countries, open an offshore bank account if you want an effective strategy to implement profits overseas and also save in trading.

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business taxbusiness

Posted 4 days ago

Application for Company Strike off

A valid cause must be provided to the registrar of companies when a firm seeks for strike off. The method for striking off a business is outlined in sections 248 to 252 of the company statute of 2013.

If a corporation applies for strike off, either willingly or involuntarily, it must notify the public via an official gazette. The ROC will remove the company's name after the specified time has passed, but it must provide a solid justification for doing so.

Once the company dissolves, the registrar of companies will publish a dissolution notice of the striking off in the official Gazette.

Before giving an order for dissolution or striking off, the ROC will ensure that the firm has made sufficient plans for paying off its liabilities and realising its assets. The directors, managing directors, and other personnel responsible for the company's management must give ROC the relevant undertakings.

Even after its name is removed from the registrar of companies, a firm might use its assets to pay off its debts. It is also essential to pay off any liabilities of the company's directors, managing directors, and other management accountable personnel.

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Small Business Coachbusinesssubsidiary company

Posted 7 days ago

Difference Between Subsidiary & Holding Company

The relationship between a holding company and its subsidiary company is analogous to that of a parent and child. In this article, we will discuss Difference Between Subsidiary & Holding Company, and more related subtopics.

A subsidiary is owned or controlled by a parent corporation, which may or may not be a holding company.

A holding company, on the other hand, is a parent corporation that owns or controls other businesses. An owned subsidiary is one in which the parent company owns the entire company.

If the parent company does not have a controlling interest, defined as less than 51 percent voting interest, the subsidiary is known as an affiliate or associate company.

Holding companies, sometimes known as umbrella corporations, bring together a number of different subsidiaries. It may own a number of assets, including stocks and real estate development, in addition to corporations.

Visit our website for more information: https://ondemandint.com/blog/what-is-a-subsidiary-company/

What is a Subsidiary Company? - ODINT Consulting

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A subsidiary company is a company that is managed completely by a parent company. In terms of taxation, regulation, and liability, this is favorable to the corporation.

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businesssingapore business visasingpass

Posted 9 days ago

What is a Singpass?

Singpass is a tool that allows many users to easily connect and transact with Singapore government agencies. It is a password manager. The Singapore government issued a Singpass to all Singapore residents. Singpass login ID is typically the NRIC of Singapore citizens and permanent residents. This pass is also issued to Singapore employees and dependent pass holders.

Singpass uses two-factor authentication for e-transactions involving sensitive information with the Singapore government. Because of the two-factor authentication, users must enter the one-time password that is sent to them via SMS. They can also generate one-time passwords using the One-Key token and the Singpass username and password.

Singpass account is required when registering a company online with accounting and regulatory authorities. To register, use ACRA's online form filling and information platform, BizFile.

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Singpass: Your Trusted Digital Identity- ODINT Consulting

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A Singpass is a government ID, or one can say a password of sorts allotted exclusively to a person in Singapore.

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businessArticles of Association

Posted 12 days ago

The meaning of Articles of Association is defined as the initial framed Articles of Association or as amended from time to time in accordance with this Act or any previous company's law.

The articles of association of a corporation are a contract between the corporation and its shareholders. Although directors are not parties to this contract, they do have their own set of director responsibilities that are contractual in character.

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Articles of Association (AOA)- Meaning, Overview, and Requirements

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Articles of Association as originally framed or as altered from time to time in pursuance of this Act or any other previous company’s law.

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Posted 15 days ago

It is the same as a work visa for everyone else. In Singapore, a work visa is called a work pass because so many people work there. This gives a foreign worker permission to work in Singapore for a set amount of time, like a year. To work legally in Singapore, foreign employees must be able to show that they have a valid work permit.

Read More: https://ondemandint.com/blog/singapore-work-visa-for-indians/

Singapore Work Visa For Indians - ODINT Consulting

ondemandint.com

If you are an Indian and willing to migrate to Singapore, then this article will cover all the details related to Singapore work visa for Indians, along with the benefits that comes along with it.

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ledger balanceImportance of Ledger Balance

Posted 20 days ago

What is ledger balance:

It's the total of all a bank account's transactions. It also equals the sum of all credits credited to a certain account.

Withdrawals, deposits, sales, purchases, check payments, debit card swipes, wire or bank account transfers, money market fund deposits or withdrawals, automated clearing house debits, investment sales and purchases, any payable transaction/receivable, or any loan you've provided to your clients can all be included in your ledger balance.

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Ledger Balance: Definition, Importance & Example- ODINT Consulting

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Available balance and ledger balance are official terms used by banks to highlight the situation of cash in a bank account. Ledger balance can be stated as the balance present at the start of a day.

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business

Posted last month

The utilization of stocks and securities by an enterprise to support exercises and create abundance is alluded to as capital construction. The business capital construction can cause you to understand its current financial prosperity, risk resistance, and reasonableness for specific acquisitions or worth that is found. Knowing the changes and interrelationship of stocks and bonds, as well as their way of behaving in different organizations' capital constructions, is a significant part of any investor's toolset for evaluating the achievability of a venture a potential open door or goal, as well as its learning experiences.

Monetary influence is a monetary type of resource that should be recuperated with foreordained commitments over the long run. The selling of organization offers, or value speculations, offers monetary capital, which is additionally addressed in the possession side of the asset report. Bank credit frequently has lesser paces of revenue and cumbersome compensation prerequisites. The market risk top notch, current liabilities, obligation to capital, and profit per share are a portion of the fundamental measures for estimating corporate speculation.

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Capital In Business - Meaning, Working & Types Explained

ondemandint.com

Companies rely on capital to stay afloat. It allows companies to grow. On a more theoretical aspect, a company’s financial framework can reveal a lot about its present and potential future possibil...

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businessservice

Posted last month

What Is An Initial Public Offering (IPO)?

The strategy of offering private firm offers to the general population in another stock documenting is called a first sale of stock. A first sale of stock is helpful as it allows a firm to acquire capital through the public funders. It is viewed as a significant time for the private funders while they're changing their firm from private over to public. This assists them with understanding their speculation gains, as it involves a top notch share for their private funders. What's more, it likewise allows public funders to partake in the contribution.
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Initial Public Offering (IPO) - Definition, Working & Process Explained

ondemandint.com

The technique of offering private firm shares to the public in a new stock filing is called an initial public offering. An initial public offering is beneficial as it permits a firm to gain capital...

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businessnetherlands

Posted 2 months ago

HR And Pay-rolling in The Netherlands:

HR is also responsible for disciplining employees. Consider an employee who, despite numerous warnings from the employer, routinely arrives late to work. If required, HR may intervene and investigate the cause of the delay. As a result, they may be able to provide additional benefits such as counselling or assistance in being more punctual to the employee. They could utilise it as a learning opportunity for the person to develop in their profession if they don't want to pay the cost of dismissing and replacing an employee. They recognise when a worker isn't a good fit for a company and would be better off elsewhere. HR's relationship with managers and employees may have an impact on a team's cohesion and wellness.
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All You Need To Know About HR and Payroll Taxes In The Netherlands

ondemandint.com

Complete details on HR and Payrolls in the Netherlands. Payroll taxes, How to calculate labour expenses and other details related to payrolls in the netherlands

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