The Path To Finding Better

Reasons Why it is Best to Use Vape Pens

Marijuana is now popular in most countries. Many countries have legalized marijuana because of its benefits. Vape pens seem to be trending nowadays. It has also helped some people to quit smoking completely. The type of vaporizer you would need depends entirely on the material you will be using. If you use marijuana and you do not want to use it when raw, you can use a vape pen to heat it. Nowadays people are using vape pens to heat their materials instead of burning the materials. If you want a vape pen, you can go to the market and you will find them. You can change the temperature and the voltage and use it at the level you are comfortable with. The latest vape pens can now be recharged and reused unless it is a disposable vape pen. Some vape pens also have replaceable batteries. Vaporizing was used a decade ago and up to now it is still being used.

When things are in high demand, they normally flood the market so knowing a genuine item might be hectic. If you decide you want a vape pen, you should follow some guidelines before buying one. The first thing that you should consider when buying a vape pen is its size. Before buying one, you should know the size that you are comfortable with. Do not buy a big or small vape pen just because you have seen one of your friends with it, but because you are sure it will meet your needs. Another factor to consider is the battery life of the vape pen. The battery life also depends on the temperature used on the vape pen. If you use a low temperature, the batteries will not run out fast. When buying a vape pen, buy a vape pen that has a good battery life. Here are the advantages of using vape pens.

The biggest benefit of vape pens is not inhaling any smoke. Smoke causes throat cancer and even lung cancer. Vapor is better than smoke. With cigarettes, you will have to inhale smoke but with vape pens, you do not. Turning your materials to vapor without burning them is good.

This is another important benefit of vape pens. With cigarettes, the smoke normally has a strong bad smell. When you vaporize your materials, there will be no smell. Using a substance that will not disturb people is a good thing.

The vapor pens are not costly. Due to the lack of enough vape pens in the past, they were costly. Also the increase of different types of vape pens has also led to them being affordable. These are the positive results of using vape pens.

The Beginners Guide To (Chapter 1)

– Getting Started & Next Steps

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If You Think You Get , Then This Might Change Your Mind

How to Make Money from your Art

Beginning a new business for the first time may be quite challenging for some people. You will find out there are multiple kinds of businesses that you can choose from the one you would like to start. You will realize that some people can now use their talents and make money from that. You must research if the type of business you want to begin will bring any income to you before you decide you will start it. However, ensure you look at the types of businesses that have been started at the location you live in so you will know the kind of business that can adapt in that place. It will be wise you begin your business when you have enough money to start the business you want. The article you will find here has ways that can assist you in making money out of art.

You will see that a custom button design can be among the fast business that will be accessed by a lot of people. You will come across several custom button design that is being offered in the market nowadays. It will be a good thing that you determine the individuals you would like to access your custom button design. You can even design a custom button design that you can use to market your business with at first. You must come up with a unique custom button design so it will be simple for customers to know your business.

Art is wide, and you can also start a business of selling jewelry. Pieces of jewelry can vary in quality. A lot of individuals are selling these pieces of jewelry in the art industry. The type of jewelry that one will want when it comes to the standard can vary. You need to create an excellent reputation with your customers by selling them standard pieces of jewelry. Different standards of these pieces of jewelry are nowadays sold depending on their qualities. You must have a variety of pieces of jewelry so your clients will get to choose the one they want. You can also check the pieces of jewelry that are being sold by the jewelry stores near you so you will sell something different to attract your customers.

You can also decide to put up a company that involved selling various categories of stationery products. Check out the kinds of stationery that are being acquired by many people so you will purchase them.

Lastly, begin a business of selling some beauty products. Ensure you are selling various kinds of beauty items because there are multiple of them in the industry as well.

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Practical and Helpful Tips:

Choosing a Tree Shaping Service

Trees are known to make a property look appealing but to ensure this, a homeowner needs to take care of them. You want your trees to be shaped and pruned in a manner that they will look attractive and also to ensure that they don’t become a hazard to people and property. As a homeowner, you don’t have both the skills and equipment to perform such a task and this is the reason why you will need to hire a tree shaping service to help you with this. You will need to find the right tree shaping service with skills and expertise when it comes to tree shaping as they have what it takes to provide you with the best service. The task of choosing a tree shaping service is, however, a daunting one considering the multiple service providers whom you will come across today. The market offers you multiple options and it will be your task to ensure that you get to find a highly experienced service that will deliver the best results and also offer you value for the price you will pay. You will need to understand that not every tree shaping service you come across will be perfect for you and thus you should not select any company that you come across.

Due to the multiple companies that are offering tree shaping service, deciding on the one you are going to hire will be a daunting task. Most people will opt for the cheapest service providers they come across while this will be a huge mistake. Going by the cheapest service will imply that you are offered poor quality service which might have some dire consequences in days to come. You want to be assured about the quality of services and this is why you will need to find a service provider who will offer a balance between the services they are offering and the price they are charging. When it comes to determining which will be the best company for you to work with, it will be necessary that you check on a number of things which will help you to make the right decision. The following are some of the factors that you will need to check on when it comes to selecting a tree shaping service.

When you are on the search for a tree shaping service, the first thing that you will need to check on is the experience of the company. Ensure that you check on the number of years that the company you have been in the industry. This will provide you with a clear idea of whether they have adequate expertise to offer you the results you are expecting. The best company is always the one that has been in the industry for a long time as they understand clearly what needs to be done and have the means to do it. You might also want to ask for references from the companies on the works they have done before so that you can evaluate whether they are the right one for you.

The Ultimate Guide to

What You Should Know About This Year

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How and Why to Open a Bank Account in Hong Kong

Hong Kong today remains one of the best offshore banking jurisdictions. It offers a great combination of bank secrecy, corporate secrecy, a financially and politically stable environment, and strong banks. But perhaps most importantly, it’s a secure offshore investment haven for those who want to diversify out of sinking western currencies into booming Asian markets, and China in particular.

So how can you go about opening an offshore bank account in Hong Kong? Do you have to travel there? This article will answer these questions and give you some practical hints and tips. But first some background.

A Successful Free Market Experiment For East and West Alike

Hong Kong, in my opinion, is the only practical example in the world of a major city that has been developed from scratch and run as something of an offshore, free market experiment – first by the British, then by the Chinese.

The main Island (and later Kowloon and the New Territories, parts of the mainland) was a British colony for most of the nineteenth and twentieth centuries. During this time it grew from a fishing village and opium trading hub, into a city-state of seven million people. It became known as a free-wheeling, free market paradise for capitalists, with an economy characterized by low taxation, free trade and no government interference in business.

In 1997 the British returned sovereignty over Hong Kong to China. The former colony became one of China’s two Special Administrative Regions (SARs), the other being Macau. Many people were initially doubtful about one of the world’s capitalist bastions being run by a communist power, and at the time a lot of investors pulled out, many taking their dynamic business acumen heading to places like Singapore and Vancouver.

However, the “one country, two systems” model adopted by Beijing to coincide with free market reforms and the growth of China into an economic superpower has proven very successful. The Basic Law of Hong Kong, the equivalent of the constitution, stipulates that the SAR maintains a “high degree of autonomy” in all matters except foreign relations and defence. The SAR today operates as a major offshore finance center, discreetly oiling the wheels of commerce between East and West.

These days, rather than being put off by the Chinese influence, most international investors who are attracted to Hong Kong are coming precisely because of this Chinese connection. Hong Kong is the point of access to Chinese trade, without the legal and cultural difficulties of doing business in mainland China.

Those who do not trust their own governments are reassured by the fact that under the Basic Law, Hong Kong’s foreign relations are run from Beijing. While most offshore jurisdictions humbly submit to demands from the USA and other western countries, in the case of China, the relationship is definitely reversed. Hong Kong does have a number of Tax Information Exchange Agreements (see below) but these are sensibly policed and do not allow for fishing expeditions.

Offshore Banking in Hong Kong

The region’s population is 95 percent ethnic Chinese and 5 percent from other groups, but English is very widely spoken and is the main language in businesses like banking.

One thing I like about using Hong Kong for offshore bank accounts is the same argument I have used for Panama and Singapore: it’s a ‘real’ country with real trade going on. The Hong Kong dollar is the ninth most traded currency in the world. Compare this to doing business on a small island or other remote banking jurisdiction, where everybody knows your only reason for doing business there is offshore banking. It also means that there is no problem doing your banking in cash, if you so wish.

For now the HKD, the local dollar, still tracks very closely the US dollar, but this appears to be changing as the Chinese Yuan circulates freely in Hong Kong, both in cash and in bank deposits. We think this represents an excellent opportunity to diversify funds out of the US dollar now, gaining exposure to Chinese growth in the meantime. (Of course, you can also hold HKD in banks in other parts of the world too)

Bank accounts in Hong Kong are almost all multi-currency by default, allowing all major local and international currencies to be held under one account number and exchanged freely and instantly within the account at the click of a mouse.

There is no capital gains tax, no tax on bank interest or stock market investments, and no tax on offshore sourced income. This, combined with a welcoming attitude to non-resident clients in the banks (including US citizens by the way, who are generally unwelcome in traditional offshore banking havens like Switzerland), and strong cultural and legal respect for financial privacy, makes Hong Kong one of Asia’s best offshore banking jurisdictions.

For those who want to establish a small offshore account under reporting limits, or simply to have the bank account established in view of future business, Hong Kong is also attractive given the low minimum deposits demanded by the major banks there. The minimum bank account balance can be as low as HK$ 3,000. Of course, you can’t expect red carpet, VIP private banking at this level – but you get a perfectly good functioning bank account with all the technological trimmings.

Offshore Corporate Bank Accounts in Hong Kong – Do’s and Don’ts

Typically, offshore clients choose to open accounts using corporations, as opposed to personal accounts. This not only offers greater privacy, but also flexibility and can – depending of course on how things are structured – offer significant tax and asset protection advantages.

Accounts can easily be opened both for pure offshore companies like Panama, BVI, Nevis or Marshall Islands, or for local Hong Kong companies that are set up using nominee directors and shareholders.

When contacting local corporate service providers in Hong Kong, you’ll find that most of these corporate service providers will recommend you use a Hong Kong company to open the account. The reason they do this is that it’s simpler and more profitable for them. They can incorporate a local company at low cost, opening the bank account is smoother and faster with a local company, and they can carry on billing nominee director fees every year. But it may not be the right thing for you.

Whilst it is true that Hong Kong companies do not have to pay any tax provided they do not make any local source income, administering such a company is not so simple. For example, Hong Kong companies are required to file audited accounts every year. They must file pages and pages of documents to convince the Inland Revenue Department (HKIRD) that they don’t have any local business, and, from practical experience, the HKIRD is getting much stickier about this. Long-established companies are normally left unmolested but newly established companies can expect a lot of compliance work in their first few years. Again, this suits the Hong Kong corporate service providers who charge handsomely for such services.

Another factor to consider is Controlled Foreign Corporation (CFC) legislation in your home country. (For an explanation see Wikipedia ) Many clients choose to set up LLCs as they can be treated as passthrough entities, vastly simplifying reporting requirements in some countries like the USA. Hong Kong corporations are not LLCs and cannot be treated as passthroughs for tax purposes.

My advice – assuming you don’t intend to do any business in Hong Kong besides banking and perhaps the occasional trip to visit your money – would be to open the account in the name of a company from a foreign offshore tax haven. It’s a little more work and expense at the beginning, and the bank might ask you more questions, but it will save you a lot of money and headaches in the long term. If you want a local look and feel for your company, numerous virtual office services are available.

Hong Kong Tax Information Exchange Agreements

Contrary to what you will read on some out-of-date websites, Hong Kong has signed a number of Tax Information Exchange Agreements (TIEAs). However, the HKIRD is at pains to point out that fishing expeditions are not going to be tolerated.

The HKIRD has issued Practice Note 47, available on the internet, which usefully explains how the HKIRD seek to achieve a balance between the requirements of compliance with the OECD requirements, whilst providing checks and balances to protect the rights of businesspeople.

The HKIRD are professionals and should be well positioned to deal with TIEA requests properly and justly in accordance with the treaties and guidelines. I am confident not going to allow their ‘clients’ rights to be trampled on.

Regulation of Banks in Hong Kong

Hong Kong’s Banking Ordinance was revamped in 1986. It has since undergone several amendments to improve prudential supervision. The Hong Kong Monetary Authority (HKMA) was formed in 1993 as a one-stop financial regulator, responsible for everything from banks to stored value anonymous debit cards.

The SAR maintains a three-tier system of deposit-taking institutions, comprising licensed banks, restricted license banks, and deposit-taking companies. Only licensed banks may operate current and savings accounts, and accept deposits of any size and maturity. RLBs are only allowed to accept deposits of HK$500,000 and above, while DTCs are only permitted to accept deposits of a minimum of HK$100,000 with original maturity of not less than three months.

Both these latter categories provide an opportunity for overseas banks to conduct wholesale, investment or private banking activities in Hong Kong without having to jump through the hoops of applying for a full banking license. In addition, some foreign banks have chosen to open representative offices in Hong Kong, which are not allowed to take deposits but can assist in opening accounts at other offices within their groups.

As Hong Kong is an international financial centre, it is an explicit policy of the HKMA that the regulatory framework in Hong Kong should conform as much as possible with international standards, in particular those recommended by the Basel Committee.

Hong Kong’s five largest banks, in terms of total assets, are as follows:

– Hong Kong & Shanghai Banking Corporation (HSBC)

– Bank of China (Hong Kong)

– Hang Seng Bank Ltd

– Standard Chartered Bank

– Bank of East Asia Ltd.

A full list of updated Hong Kong banks can be found on Wikipedia.

Visiting Hong Kong to Open a Bank Account

If you are visiting Hong Kong to open your account, it can normally be opened the same day provided you have made some arrangements with a local service provider, or directly with the bank, in advance. This is assuming you use one of the major banks, that nearly everybody does. You can then simply visit the bank, sign documents and receive the bank account number immediately. This will be a full multi-currency account and you will typically receive a digital token for internet banking, a password and a debit card.

The documents required for opening offshore bank account are:

1) Formation documents (in the case of corporate accounts. Apostilles are required in the case of foreign corporate accounts – your offshore provider will know how to obtain these.)

2) Bank forms and business plan/expected activity (a corporate service provider will normally supply these as part of the service)

3) Passport copies of each director, signatory and shareholder (take special note of this requirement if you are using nominee directors – if the persons are not present, copies will have to be notarized.)

4) Proof of address (such as updated bill statement which shows up your name and address) and signed (of each director and shareholder)

A bank reference is generally required if you are dealing direct with the bank. If you go through a corporate service provider, they normally write a reference so you do not need to supply a bank reference. However, if you can obtain a bank reference it is better.

Opening an account without visiting Hong Kong

It is also perfectly possible to open accounts without visiting Hong Kong (known as ‘remote account opening’) though this process tends to take substantially longer as banks will ask a lot more questions. In this case, your bank or service provider will generally e-mail you the forms, that you will need to print out and sign.

Depending on the bank, there may well be certain special instructions about how and where to sign – for example, HSBC in Hong Kong will typically request that you have your signature witnessed in the HSBC Bank nearest to you. As with all foreign bank accounts, you should be sure to use the same signature that appears in your passport, otherwise the documents will be rejected.

In the case of remote account opening the bank will normally courier the password, debit card, and token direct to your address in your home country. Then you need to activate them via the bank’s website.

Conclusion

Hong Kong competes very favorably with Singapore, the other Asian banking jurisdiction we favor. If you have not yet diversified your offshore holdings into Asia, you should seriously consider doing so. I hope this article will be helpful in this regard.

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