International Business - Best Practices
What makes each country unique from each other is that they have their own standards to be followed in every aspect. International business practices are absolutely not an exemption to that especially, plenty of corporations are targeting to head to the global market to find more avenues for profit.
In the case of Bolivia, dubbed as a donkey sitting in a gold mine, it remains to be the poorest nation in the South American region because of the said high corruption levels. However, amidst the fiscal crisis they are experiencing, it is good to discover what are there international business practices to keep in pace with economic stability. Not to mention, they are rich in natural resources and is the second biggest producer of gas field after Venezuela.
Here are there international business practices divided into categories namely exporting, trade organizations, commercial policies, foreign investment and taxation.
Exporting is broken down into agents & distributors, import restrictions, import duties and documentation. Agents & distributors are required no legal obligations for emigrant firms to maintain local liaisons but there is representation needed when those emigrant firms make public bidding or branch operations. Import restrictions are anything that will impose health risks or threaten national security. Import duties include paying a tariff rate on non- capital goods from a percentage of 10- 17 based upon cost, insurance and freight. Documentation refers to the five legal papers that must be presented to the authorities such as sellers commercial invoice, inspection certificate, insurance policy, packing list and bill of lading.
Trade organizations are comprised of corporations, private companies and branches. Corporations can only legitimately exist when it can accomplish all the requirements of the Commercial Code. Private companies can easily be established when they have an execution of an incorporation deed and MECE registration. Branches must meet two prerequisites such as local representative and legal entity.
Commercial policies are one of the international business practices in Bolivia wherein the Central Bank functions an exchange sale market and sets conversation rates.
Foreign investments include restrictions and investments. Restrictions laid down are not that stringent as compared to others. As a matter of fact, foreign investors are given the same rights as with the domestic investors. Incentives given by the government is in collaboration with the International Monetary Fund, Inter- American Development Bank and World Bank. Together they commit to attract more asset ventures in the country.
Taxation is segregated into corporate taxes, personal income taxes and treaty taxes. Corporate taxes are calculated based on their net worth determined by the Tax Code. Personal income taxes are assessed on the sum salary earned. Treaty taxes refer to the agreement made known as the Andean Pact with Colombia, Ecuador, Peru and Venezuela as well as the signatory of the River Plate Basin Treaty with Argentina, Brazil, Paraguay and Uruguay.
Related Tags: articles, information, business, best, practices, international
For more articles and information or to view a selection of business articles and information and business survey tools articles and information visit Articles.net.au - Your source for free Articles, Information and Website Content.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Planning A Childs Party
Birthdays are an exciting time for children, each year they want bigger and better parties so it is - Online Diwali Gifts Shopping Experience
India is a country of festivals. India is truly secular country and enjoys each and every festival e - E-commerce To Engine Wealth!
It is a fabulous experience to have technology at your side to leverage its advantage to boost the b - Diwali Is Celebrated Wholeheartedly Over Five Days
The Five days of Diwali is celebrated over five days in most of North India. All the days except Diw - Create Online Store With Ebay Integration - Get It Ready In A Minute
There are ecommerce websites operational with their 'Create Online Store' feature to help users get - Methods To Make Extra Income Working Online
With the current economic situation and problems many people are looking for ways to earn extra mone - Earn Extra Money Online Anytime, Anywhere!
Has the economy got you down to the point of no return? You have looked everywhere for a part-time j - New Credit Card Validation Service - Issuer Identification Number (iin) Database Lookup
Issuer identification number (IIN) - The first six digits of the credit card number are known as the - 5 Tips To A User Friendly Ecommerce Web Design
Design of a website plays an important role to attract more number of visitors to it. An eye catchin - Find Out On When To Offer Your Gadget And Get Your Money's Worthy Of
Let's face it , all gadgets can become outmoded within just a year or 2. A brand new version will be
Most viewed articles in this category:
- 3rd Party Merchant Accounts: Tips To Avoid Costly Chargebacks For Merchants And Buyers
Accepting credit cards online can be the most important decisions you can make to make money from - Gateway to India - a New Way
Internet craze seems to be catching on in India . From a low internet user base of about 1.4million - Accepting Credit Cards - Is It Necessary For Your Small Business?
This almost seems as if it is a rhetorical question nowadays. Customers all seem to use their credit - Important Internet Marketing Tips
There are 10 tips that are helping you to lead your site high: 1: Insulate yourself against t - What Makes Adsense Work
What does make Adsense work - there are as many ideas as there are theories. Some maintain i - I'm Going to Use Oscommerce - Now What?
When you decide to go with osCommerce for your e-commerce site, you can simply take their stock layo - Some Tips On International Business Marketing
Are you planning of economically expanding outside the borders of your native land? Are you thrilled - Why You Need An Ecommerce Merchant Account
You must obtain an ecommerce merchant account in order for your web site to be able to take payment - Monetize Blog - Learn the 4 Methods to Make Money From your Blog
There are many ways to make money on the internet, one of that is to monetize blog. Your blog is wha - Modeling Success
I am on a lot of mailing lists, and like to keep track of what's happening in the Internet M