Company incorporation in Mauritius sounds like an unlikely option to those who are focused only on old World offshore centers like Switzerland or the Isle of Man! There are many ways for an offshore company incorporation: 1. Category 1 and 2 Global Business Companies. 2. Collective Investment Schemes - Funds 3. Management Companies and Other Service Providers
1. GLOBAL BUSINESS VEHICLES The offshore formation mauritius available to carry global business activities from within Mauritius are companies holding a Category 1 Global Business Licence (GBC1) , and companies holding a Category 2 Global Business Licence(GBC2).Other entities available are Protected Cell Companies [PCC], and Trusts which we shall cover elsewhere.
i. a) Category 1 Global Business License [GBC 1] A Global Business corporation (Category 1) is an offshore company which undertakes any of the following activities listed in the Second Schedule of the FSDA 2001 which is carried on from within Mauritius with persons all of whom are resident outside the country and which is conducted in foreign currency: - Aircraft financing and leasing - Assets management - Consultancy services - Employment services - Information and communication technologies - Insurance - Licensing and franchising - Logistics and or marketing - Operational headquarters - Pension funds - Shipping and Shipping Management - Trading - Any other activity as may be approved by the Commission
This type of company is qualified to take protection of the tax treaties to which Mauritius is a party if it comes within the definition of a resident under the taxation laws. Foreign direct investment into India has taken this route largely because of the highly successful double tax treaty between the two countries!
* A GBC 1 is required to file with the Financial Services Commission within six months after the close of its financial year, annual audited financial statements prepared in accordance with the International Accounting Standards or internationally recognised accounting standards. * The GBC 1 may be set up by direct offshore company formation mauritius, or by registration of a branch of a foreign company, or by way of continuation where this is allowed by the law in the country of origin. * A branch of a foreign company may have access to Mauritius tax treaties provided that the local tax authorities are satisfied that effective control and management of the foreign company is in Mauritius. * The facility of continuing a foreign company registered in a foreign jurisdiction as a GBC 1, and so permitting existing holdings of the foreign company in a country with which this country has a double taxation treaty to benefit from relief under that treaty, has proved attractive to a number of major investors. * A GBC 1 may be unlimited or limited by shares or by guarantee. * A GBC 1 may be registered as a Limited Life Company or a Protected Cell Company.
ii. b) Category 2 Global Business License - the simple offshore company. A Global Business 2 offshore company formation mauritius which is carried on by a private company: - which is a company incorporation in mauritius or registered under the Companies Act 2001 - which does not conduct business with persons resident in Mauritius nor conducts any dealings in Mauritius currency; - which holds a Category 2 Global Business License. - It is exempt from the provisions of the Income Tax Act and is declared as non resident for tax purposes. - It is a suitable vehicle for holding and managing private assets. - It is however not allowed to raise capital from the public or to conduct any financial services or to act as a fiduciary. - The GBC 2 company incorporation in Mauritius is not resident for tax purposes and therefore does not benefit from double taxation relief under tax treaties. - The GBC 2 may either be limited by shares or by guarantee or limited by shares and guarantee or simply unlimited. - A GBC 2 may also be structured as a Limited Life Company.
Thursday, July 2, 2009
The Looming Afghanistan Disaster
Their Drive-by-Media, have largely swept this administration's multitude of failures and gaffes under the rug. God help us, but all this may be about to change and the sheer incompetence with which Obama and his administration is stumbling through history could possibly and tragically crash down on us like a zillion tons of bricks and American blood.
History is about to crash on Obama and on us
The curt and unceremonious eviction of U.S. forces from our base in Uzbekistan, Karshi Khanabad airbase (better known as "K2″ to U.S. forces) received less press than the installation of a new swing set and monkey bars on the White House lawn. This event's importance, however, can hardly be underestimated. In between Wednesday belinis, Obama was busy shoving socialism down our throats while the Russians were handing out over two billion dollars in financing and "investments" to the Uzbekis.
During his February 3rd visit to Moscow, Uzbekistan's President Kurmanbek Bakiev managed to secure a "US$300 million loan" to support Kyrgyzstan's hard-pressed government budget plus a pledge of $1.7 billion in investment in the country's energy industry. In addition, Moscow agreed to write off $180 million of Kyrgyz debt in return for a 48% stake in a defense industry factory plant that produces components for torpedoes, and offered additional financial assistance worth $150 million."
Reality is that the Russians don't need to invest $180 million dollars in an obsolete Uzbeki torpedo factory when their own factories are rusting out and their unemployment rate is over 8%. They sure as heck don't need to invest $1.7B in Uzbeki oil fields when the world is awash in crude and OPEC is cutting production left and right. Sure it may be a good long-term investment, but at the very least the timing is questionable. And if the question is why are they making these investments now, the answer is to get themselves in a position of leverage in order to be able to manipulate the U.S. This, of course, begs the question: manipulate the US to do what?
On March 4th the first shipment of supplies went through Russian territories to our troops in Afghanistan.
Amateurs are concerned with tactics, professionals with logistics specialforces-on-horse
The Obama administration is upping the ante in Afghanistan by increasing the U.S. troop presence by 17,000 additional troops. (For the record, that's about half of what Patraeus and the theater commanders asked for.) So we are inserting the equivalent of another division into Afghanistan and we are counting on the beneficence of Vladimir Putin to be able to supply that division with a good part of their logistics. Oh yeah, that's not a disaster waiting to happen.
Putin wants to even the score
A devoted communist, a dedicated KGB agent and fervent Soviet patriot, Putin, like all the Red Army, suffered deeply in the aftermath of their loss in Afghanistan. One can only imagine Putin's blood boiling at the televised images of a hand full of U.S. agents and special forces troops mounting cavalry charges with a laptop strapped to the saddle and routing the Taliban in less time than anyone dared dream. (A great book on the beginning of the U.S. operations in Afghanistan is First In by Gary Schroen and I could not recommend it with higher accolades.) From a rooftop position, Marines with G Company, 2nd Battalion, 1st Marine Regiment, aim at a building from which shots had been fired in Fallujah, Iraq, April 6, 2004. U.S. Marine Corps photo by Lance Cpl. Nathan Alan Heusdens
From a rooftop position, Marines with G Company, 2nd Battalion, 1st Marine Regiment, aim at a building from which shots had been fired in Fallujah, Iraq, April 6, 2004. U.S. Marine Corps photo by Lance Cpl. Nathan Alan Heusdens
Putin watched as U.S. troops, Marines to be specific, rewrote the book on urban warfare in Iraq's cities, including the now legendary battles of Falujah, and their historic success stood in stark contrast to the Chinese Fire Drill that Russian troops conducted in Chechnya. Putin saw the endless successful HRT special forces operations conducted by U.S. troops throughout the GWOT and fumed as the world shook its head in disbelief as his very own sinister Alpha Group conducted the now infamous and tragic Movie Theater raid that resulted in 115 hostages killed.
Finally, in desperation Putin tried to show the world that the Russians can undertake modern maneuver warfare and ordered the invasion of the Georgian region of South Osetia. Alas, even this relatively straight and clear-cut mission conducted in their own back yard with the most rudimentary of logistical requirements just about turned into a cluster funk resulting in the loss of between five and twenty aircraft including shockingly enough a Tu-22 long-range bomber.
Putin will spring the trap
Putin has been watching all these setbacks tear down the myth of the Russian armed forces and we are to now believe that he will help the U.S. win further military glory in Afghanistan?
As sure as the sun will rise tomorrow, Putin will do the exact opposite. He is wringing his sweaty, grubby hands in anticipation of administering the coup de grace to the U.S. forces in Afghanistan.
He will seem to object, at first, at the mere thought of allowing anything but non-military supplies to travel through Russia. Then begrudgingly he will agree to allow a small amount of military supplies to get through. Then more and more until there is critical mass. At that point he will wait for the Afghans to mount an offense, perhaps even coordinate with them and suddenly he will come up with a pretext to cut off the supply lines.
Will Obama have the fortitude to stand up to Putin and save the U.S. Forces in Afghanistan? Yeah sure and Trump is building a luxury tower in the Obama organized Chicago's 9th Ward
If all this just happens to coincide with attacks on the Pakistan supply lines, whatever is still left of them, then airlifting supplies will be the only thing standing between our troops and destruction. The Khyber pass is by no means a guaranteed supply route and lately it's been more closed than open. I am not sure if there ever was such a massive effort to airlift supplies on such a large scale in such hostile terrain. I have no doubt that our forces will find a way to make it work, but I also have no doubt that the terrorists will also find a way to attack such a soft target as an air supply train and extract a heavy toll.
Already we see that the door of acceptance for a humiliating U.S. defeat is held open by shameful and demoralizing statements from perennial appeasers such as the newly Sharia indoctrinated British and the Islam overrun Canadians. Is anyone surprised? They can't wait to gently push he all too willing Obama right trough that door.
Of course the Taliban can be defeated!
I want to say one thing before we go any further. Of course the Taliban can and will be defeated. One way to do it is to put Afghanistan under USMC command just as the Marines requested, and let the big dogs eat. Like all elite light infantry Marines are able to operate with the minimum of supplies and still deliver the firepower that special forces cannot match. The best trained mountain warfare troops in the world , and possessing unique Combined Arms and Combined Action capabilities the Marines will have the Taliban in paradise licking lamb chops and virgins faster than you can say Salam Alaikum. (and no I don't care how you spell it an Arabic).
Not long ago a great American, then Colonel Chesty Puller in the midst of the frozen hell that was the Chosin Reservoir, declared for all times, "there are not enough chinamen in the world to stop a fully armed Marine regiment from going wherever they want to go". There are a lot less Afghans than there are Chinese and we'll have a lot more than one Marine regiment in Afghanistan.
Putin is watching and calculating and salivating at the thought of dealing a devastating blow to his forever arch enemy - the United States. He knows that the weak U.S. president has had the seed of defeat planted in his brain by the Brits and the Canucks. Putin knows damn well that the Soviet Union did not survive the war in Afghanistan, and he dreams of the day when he'll cause us to meet the same fate.
What will Obama do when Putin grabs him by the collar and tells him "Thou shall not pass".
History is about to crash on Obama and on us
The curt and unceremonious eviction of U.S. forces from our base in Uzbekistan, Karshi Khanabad airbase (better known as "K2″ to U.S. forces) received less press than the installation of a new swing set and monkey bars on the White House lawn. This event's importance, however, can hardly be underestimated. In between Wednesday belinis, Obama was busy shoving socialism down our throats while the Russians were handing out over two billion dollars in financing and "investments" to the Uzbekis.
During his February 3rd visit to Moscow, Uzbekistan's President Kurmanbek Bakiev managed to secure a "US$300 million loan" to support Kyrgyzstan's hard-pressed government budget plus a pledge of $1.7 billion in investment in the country's energy industry. In addition, Moscow agreed to write off $180 million of Kyrgyz debt in return for a 48% stake in a defense industry factory plant that produces components for torpedoes, and offered additional financial assistance worth $150 million."
Reality is that the Russians don't need to invest $180 million dollars in an obsolete Uzbeki torpedo factory when their own factories are rusting out and their unemployment rate is over 8%. They sure as heck don't need to invest $1.7B in Uzbeki oil fields when the world is awash in crude and OPEC is cutting production left and right. Sure it may be a good long-term investment, but at the very least the timing is questionable. And if the question is why are they making these investments now, the answer is to get themselves in a position of leverage in order to be able to manipulate the U.S. This, of course, begs the question: manipulate the US to do what?
On March 4th the first shipment of supplies went through Russian territories to our troops in Afghanistan.
Amateurs are concerned with tactics, professionals with logistics specialforces-on-horse
The Obama administration is upping the ante in Afghanistan by increasing the U.S. troop presence by 17,000 additional troops. (For the record, that's about half of what Patraeus and the theater commanders asked for.) So we are inserting the equivalent of another division into Afghanistan and we are counting on the beneficence of Vladimir Putin to be able to supply that division with a good part of their logistics. Oh yeah, that's not a disaster waiting to happen.
Putin wants to even the score
A devoted communist, a dedicated KGB agent and fervent Soviet patriot, Putin, like all the Red Army, suffered deeply in the aftermath of their loss in Afghanistan. One can only imagine Putin's blood boiling at the televised images of a hand full of U.S. agents and special forces troops mounting cavalry charges with a laptop strapped to the saddle and routing the Taliban in less time than anyone dared dream. (A great book on the beginning of the U.S. operations in Afghanistan is First In by Gary Schroen and I could not recommend it with higher accolades.) From a rooftop position, Marines with G Company, 2nd Battalion, 1st Marine Regiment, aim at a building from which shots had been fired in Fallujah, Iraq, April 6, 2004. U.S. Marine Corps photo by Lance Cpl. Nathan Alan Heusdens
From a rooftop position, Marines with G Company, 2nd Battalion, 1st Marine Regiment, aim at a building from which shots had been fired in Fallujah, Iraq, April 6, 2004. U.S. Marine Corps photo by Lance Cpl. Nathan Alan Heusdens
Putin watched as U.S. troops, Marines to be specific, rewrote the book on urban warfare in Iraq's cities, including the now legendary battles of Falujah, and their historic success stood in stark contrast to the Chinese Fire Drill that Russian troops conducted in Chechnya. Putin saw the endless successful HRT special forces operations conducted by U.S. troops throughout the GWOT and fumed as the world shook its head in disbelief as his very own sinister Alpha Group conducted the now infamous and tragic Movie Theater raid that resulted in 115 hostages killed.
Finally, in desperation Putin tried to show the world that the Russians can undertake modern maneuver warfare and ordered the invasion of the Georgian region of South Osetia. Alas, even this relatively straight and clear-cut mission conducted in their own back yard with the most rudimentary of logistical requirements just about turned into a cluster funk resulting in the loss of between five and twenty aircraft including shockingly enough a Tu-22 long-range bomber.
Putin will spring the trap
Putin has been watching all these setbacks tear down the myth of the Russian armed forces and we are to now believe that he will help the U.S. win further military glory in Afghanistan?
As sure as the sun will rise tomorrow, Putin will do the exact opposite. He is wringing his sweaty, grubby hands in anticipation of administering the coup de grace to the U.S. forces in Afghanistan.
He will seem to object, at first, at the mere thought of allowing anything but non-military supplies to travel through Russia. Then begrudgingly he will agree to allow a small amount of military supplies to get through. Then more and more until there is critical mass. At that point he will wait for the Afghans to mount an offense, perhaps even coordinate with them and suddenly he will come up with a pretext to cut off the supply lines.
Will Obama have the fortitude to stand up to Putin and save the U.S. Forces in Afghanistan? Yeah sure and Trump is building a luxury tower in the Obama organized Chicago's 9th Ward
If all this just happens to coincide with attacks on the Pakistan supply lines, whatever is still left of them, then airlifting supplies will be the only thing standing between our troops and destruction. The Khyber pass is by no means a guaranteed supply route and lately it's been more closed than open. I am not sure if there ever was such a massive effort to airlift supplies on such a large scale in such hostile terrain. I have no doubt that our forces will find a way to make it work, but I also have no doubt that the terrorists will also find a way to attack such a soft target as an air supply train and extract a heavy toll.
Already we see that the door of acceptance for a humiliating U.S. defeat is held open by shameful and demoralizing statements from perennial appeasers such as the newly Sharia indoctrinated British and the Islam overrun Canadians. Is anyone surprised? They can't wait to gently push he all too willing Obama right trough that door.
Of course the Taliban can be defeated!
I want to say one thing before we go any further. Of course the Taliban can and will be defeated. One way to do it is to put Afghanistan under USMC command just as the Marines requested, and let the big dogs eat. Like all elite light infantry Marines are able to operate with the minimum of supplies and still deliver the firepower that special forces cannot match. The best trained mountain warfare troops in the world , and possessing unique Combined Arms and Combined Action capabilities the Marines will have the Taliban in paradise licking lamb chops and virgins faster than you can say Salam Alaikum. (and no I don't care how you spell it an Arabic).
Not long ago a great American, then Colonel Chesty Puller in the midst of the frozen hell that was the Chosin Reservoir, declared for all times, "there are not enough chinamen in the world to stop a fully armed Marine regiment from going wherever they want to go". There are a lot less Afghans than there are Chinese and we'll have a lot more than one Marine regiment in Afghanistan.
Putin is watching and calculating and salivating at the thought of dealing a devastating blow to his forever arch enemy - the United States. He knows that the weak U.S. president has had the seed of defeat planted in his brain by the Brits and the Canucks. Putin knows damn well that the Soviet Union did not survive the war in Afghanistan, and he dreams of the day when he'll cause us to meet the same fate.
What will Obama do when Putin grabs him by the collar and tells him "Thou shall not pass".
Aircraft Leasing - A Common Technique to Acquire an Aircraft
Aircraft leasing has become a common technique to acquire an aircraft, since this asset has become expensive and always subject to a variety of laws and regulations. One of its main advantages is that it assists to settle cost considerably. Aircraft leasing is most common in military aviation. Further, individuals, commercial aviations, pilots, and government agencies utilize use leasing options. Both short term and long term aircraft leasing options are available.
Aircraft leasing transactions are categorized into operating leases and finance leasing. Finance leasing is needed to meet any of these criteria: a lease term greater than 75% of the aircrafts estimated life, option to buy the asset for less than market value, or ownership of this asset to be transferred to the lessee when lease expires.
It is always improved by tax advantages and is shown on the balance sheet of the lessee. Usually, it's for a long term period. Currently, aircraft leasing is mostly on the basis of this sort of lease. As per to statistics, there are about 12,500 commercial aircrafts in the world, among which approximately 2500 work on operating lease.
It's always preferable to obtain aircraft leasing services from commercial aircraft sales and leasing. A collective term given to organizations engaged in marketing airliners from manufacturers such as Airbus and Boeing. A countless number of other providers, like commercial banks, hedge funds, and financial institutions, are also in the scenario to make available aircraft leasing services. Of which famous are GE Commercial Aviation Services and International Lease Finance Corporation.
As a part of complete aircraft lease, most render maintenance management including AOG and heavy maintenance functions. There are companies which offer leasing as well as financing packages for new or used commercial or corporate aircrafts. Customized aircraft leasing packages that are designed as per the requirements of the customers are also available nowadays.
Air Charter International offer aircraft lease facility for corporate executives, businessmen, air cargo, passenger travel, and emergency medical evaluation as per their requirements.
Aircraft leasing transactions are categorized into operating leases and finance leasing. Finance leasing is needed to meet any of these criteria: a lease term greater than 75% of the aircrafts estimated life, option to buy the asset for less than market value, or ownership of this asset to be transferred to the lessee when lease expires.
It is always improved by tax advantages and is shown on the balance sheet of the lessee. Usually, it's for a long term period. Currently, aircraft leasing is mostly on the basis of this sort of lease. As per to statistics, there are about 12,500 commercial aircrafts in the world, among which approximately 2500 work on operating lease.
It's always preferable to obtain aircraft leasing services from commercial aircraft sales and leasing. A collective term given to organizations engaged in marketing airliners from manufacturers such as Airbus and Boeing. A countless number of other providers, like commercial banks, hedge funds, and financial institutions, are also in the scenario to make available aircraft leasing services. Of which famous are GE Commercial Aviation Services and International Lease Finance Corporation.
As a part of complete aircraft lease, most render maintenance management including AOG and heavy maintenance functions. There are companies which offer leasing as well as financing packages for new or used commercial or corporate aircrafts. Customized aircraft leasing packages that are designed as per the requirements of the customers are also available nowadays.
Air Charter International offer aircraft lease facility for corporate executives, businessmen, air cargo, passenger travel, and emergency medical evaluation as per their requirements.
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