Thursday, August 27, 2009

Traduccion Chino

Uruguay is a big place for e-commuters.

The primary reason for this is, I guess, the utter lack of local jobs which are worth a damn, coupled with the fact that a lot of people find it a pleasant, agreeable place to live.

This got an added push a few years ago when it was a lot less expensive to live in Uruguay than many parts of the EU & north america. That momentum has carried over a bit as companies get more liberal about who they will let work online outside of the confines of a cubicle in the home office.

For my money, a north american salary in Uruguay is ideal because of the time zone setup.

During the winter it is one hour ahead of new york. In the summer it is a full three hours ahead.

Summer is a great time of the year to be able to come to the office at 11am & still have a 1 hour jump on people up north.

Recently, a friend of mine who is the wife of an Uruguayan diplomat decided she wanted to start an ebusiness, because it gives her the flexibility of working either here or in one of their duty stations when they travel.

She *just* got started with her website & service offering but it will basically be translation services from spanish to Chinese & back. Suprisingly, given the popularity of these two languages there aren't alot of offerings like this yet.

From my experience the south american business people and the chinese business people usually try to muddle through with some form or english, hand gestures, and patience.

Since she just setup her site, there isn't a lot to see there yet. I'm just gonna give her site a little bit of link love to make sure it gets indexed by the search engines. Once she starts to post on a regular basis & creates some material, the client conversion will be up to her :)

So without further adeu, traduccion chino is her site focused on traducir chino a esp y chino a esp. I have no idea if google expects to see a ` over the o or not. :) Good luck.


p.s. years ago, when i was trying to convince entrepreneurs to move here i looked into setting up an incubator of sorts. the conclusion that many shared with me was that the existing free trade zones which charge heavily for office space & are a better fit for large multinational companies looking to setup satellite offices, would fight me tooth & nail. since i didn't have the time/patience to fight the uy gov (the free trade zones are very well connected i heard), i decided against it.

Wednesday, August 26, 2009

Ireland is Targeting Crackdown of Offshore Banking Centers

It's pretty much everywhere isn't it?

I was just reading here:

The latest country to beef up its crackdown efforts on offshore tax avoidance is Ireland.

Iris Revenue Commissioners want the courts to compel Irish banks to identify customers with offshore accounts.

Revenue was already granted orders which made financial institutions give away the identity of their customers when money was moved to or from their own offshore subsidiaries.

They have to apply for new rulings in order to require banks to reveal identities of their clients with offshore account or those who wire funds to and from a number of offshore banking centers
This would reveal transfers with financial institutions that are not Irish owned.

The two primary jurisidictions being focused on by Revenue is Switzerland and Liechtenstein.

The rumour is that Revenue is pursuing a very broad order, targeting electronic, as well as paper transfers, which will include checks and drafts.

Earlier this month, Liechtenstein signed a Tax Information Exchange Agreement (TIEA) with Britain. Ireland also approached Liechtenstein regarding a TIEA and wants to have an agreement finished soon.

Ireland recently signed similar accords with the Isle of Man, Jersey, Guernsey, Gibraltar, Cayman Islands, Bermuda, Turks & Caicos Islands and Anguilla.

In addition, agreements are underway with St Kitts and Nevis, the British Virgin Islands, St Lucia, St Vincent and the Grenadines, the Bahamas, Antigua & Barbuda, and Montserrat, the Cook Islands and Samoa.

A qualified disclosure will let those with undeclared tax liabilities from trusts, foundations, establishments, trust enterprises or offshore companies declare before September 1 to benefit from more leniency.